New Delhi: The esteemed Public Enterprises Selection Board (PESB) has chosen Shri R Veerabahu for the pivotal role of Director (Finance) at Braithwaite & Co. Limited (Schedule B). Shri Veerabahu, currently serving as the General Manager (Internal Audit) at the Corporate Office in New Delhi, Bharat Heavy Electricals Limited (BHEL), has been selected to lead the finance function at Braithwaite & Co. Limited.

Based on the recommendations of the Nomination and Remuneration Committee, the Board approved the re-appointment of Amitabh Chaudhry as MD & CEO of the Bank, for a further period of three years with effect from January 1, 2025, up to December 31, 2027 (both days inclusive), subject to the approval of the Reserve Bank of India (RBI) and approval of the members, in terms of applicable laws. Amitabh Chaudhry, age 59 years, joined Axis Bank Limited as MD & CEO with effect from January 1,

The Coal Controller’s Organisation (CCO) a subordinate office of the Ministry of Coal, lays down the procedure and standard for sampling of coal, inspects the collieries to ensure the correctness of the class and grade of coal, issues directives for declaration and maintenance of grades of coal of a seam mined in a colliery under Colliery Control Rules, 2004 (Amended in 2021).  The availability of quality data on seams of Coal & Lignite mines of the Central Public Sector

 One of India’s emerging energy sustainability brands, Grew Energy Pvt. Ltd has won the largest share of the 200 MW contract of Solar Energy Corporation of India’s (SECI) auction. The order includes testing, packaging, forwarding, supplying, and transporting the solar PV module. The tender was said to come in December 2023 and has specifications to supply uniform size and crystalline technology to locations anywhere across the nation as per SECI guidelines. The delivery of th

 The Reserve Bank of India (RBI) has recently through its guidelines, increased the minimum capital requirement for Asset Reconstruction Companies (ARCs), commencing business to Rs 300 crore from Rs 100 crore.  The circular is passed to ensure proficient and efficient functioning of ARCs and to protect the interest of investors, As per the new directives, ARCs, as of October 11, 2022, have been granted a transition period to achieve the revised minimum Net Owned Fund (NOF) requireme

The Bank’s operating profit for the quarter stood at `10,536 crores, growing 15% YOY and 15% QOQ. Core Operating profit for Q4FY24 at `9,515 crores, grew 5% YOY and 8% QOQ. Net profit stood at `7,130 crores in Q4FY24 as compared to a net loss of `5,728 crores in Q4FY23 and grew 17% QOQ. The Bank’s Net Interest Income (NII) grew 11% YOY and 4% QOQ to `13,089 crores. Net interest margin (NIM) for Q4FY24 stood at 4.06% and grew 5 bps QOQ.    

The Financial Services Institutions Bureau (FSIB) has recommended the appointment of Rana Ashutosh Kumar Singh for the position of Managing Director at State Bank of India and Asheesh Pandey for the position of MD & CEO at Indian Bank, respectively. Mr. Singh is currently Deputy Managing Director (Retail- Personal Banking & Real Estate ) at SBI. The recommending board has so far interacted with 16 candidates on April 23 and 24, 2024 for the position of MD in SBI.  India’

New Delhi: Chennai Petroleum Corporation Ltd, a subsidiary of Indian Oil Corporation (IOC), reported a significant drop in its net profit for the March 2024 quarter compared to the same period last year. Here are the key highlights of CPCL's Q4 results: Financial Performance Consolidated net profit for the January-March FY24 stood at Rs 627.89 crore, showing a 39% decrease from the Rs 1,012.81 crore earnings in the same period last year. The company's revenue from operations was low

 Hon’ble Vice President of India Shri Jagdeep Dhankhar bestowed the 'Outstanding PSU of the Year’ award to HAL at AIMA’s Managing India Awards ceremony in Delhi yesterday night. The award was received by Shri C B Ananthakrishnan, CMD (Additional Charge), on behalf of HAL. He thanked AIMA for selecting HAL for the prestigious award. The Hon'ble Vice President congratulated all the winners who he said were thoughtfully picked up by the jury. He praised H

The Reserve Bank of India, in exercise of its powers under Section 35A of the Banking Regulation Act, 1949, directed Kotak Mahindra Bank Limited to cease, with immediate effect, from- (i) onboarding of new customers through its online and mobile banking channels and, (ii) issuing fresh credit cards. The bank shall, however, continue to provide services to its existing customers, including its credit card customers.