New Delhi: INS Kalinga and GITAM University have entered into an Understanding to collaborate on an assortment of projects aimed at advancing technological Innovation and enhancing security. This is being facilitated under an Addendum to the MoU between the Indian Navy, NWWA and GITAM University. 

Karnataka Bank has informed that the Bank has appointed Mr. Vinaya Bhat P. J., as the Chief Compliance Officer of the Bank with effect from 25.04.2024. Mr. Vinaya Bhat P. J. is a senior management personnel of the Bank. Mr. Vinaya Bhat P. J. has over 27 years of experience in the banking sector, having handled various positions in departments like Treasury, Accounts, Credit Sanctions, Credit Marketing, etc. The appointment has a tenure of three years from the date of joining.

NHPC's Baa3 rating reflects its BCA of ba1, the high level of extraordinary support from, and the company's very high level of dependence on, the Government of India (Baa3 stable) under Moody's Joint Default Analysis (JDA) approach for government-related issuers (GRIs). "NHPC's BCA reflects the company's strong competitive position, the favorable policy and regulatory environment for India's hydropower sector," says Abhishek Tyagi, Moody's Vice President

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’