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Govt open to more changes in ECLGS to support small business, individuals

NEW DELHI, Aug. 25 -- Finance minister Nirmala Sitharaman on Tuesday said the government is open to more changes in the recently announced emergency credit linked guarantee scheme for stressed micro, ... Read More


Govt, AIIB ink pact for $500 million loan to improve network capacity of Mumbai suburban rail

New Delhi, Aug. 24 -- The Centre, Maharashtra government, Mumbai Railway Vikas Corp.Ltd and Asian Infrastructure Investment Bank (AIIB) on Monday signed a $500 million loan agreement to improve the ne... Read More


About 5-6% of PNB's credit book may be restructured, says MD

NEW DELHI, Aug. 24 -- State-owned Punjab National Bank on Monday said about 5-6% of its credit book may be eligible for restructuring, and will get a clearer picture on its recast by end of September.... Read More


About 6% of PNB's credit book may be restructured, says MD

NEW DELHI, Aug. 24 -- State-owned Punjab National Bank on Monday said about 5-6% of its credit book may be eligible for restructuring, and will get a clearer picture on its recast by end of September.... Read More


Five months since lockdown, mobility continues to remain limited

NEW DELHI, Aug. 24 -- India may have completed five months of the nationwide lockdown to contain the spread of coronavirus across the country, but mobility is yet to return to pre-covid level, latest ... Read More


Fresh tender for Vande Bharat train set to allow more than 50% local component

New Delhi, Aug. 23 -- Railway board chairman Vinod Kumar Yadav on Sunday said that 44 semi-high speed Vande Bharat train set tender was cancelled as some of the bidders had disclosed some details of f... Read More


Punjab National Bank posts Rs308 crore net profit in April-June

New Delhi, Aug. 22 -- Country's second largest public sector lender Punjab National Bank (PNB) on Friday posted a net profit of Rs.308 crore in the April-June quarter as compared to Rs.1,018 crore a y... Read More


Railways cancels tender for manufacturing 44 Vande Bharat train sets

New Delhi, Aug. 21 -- The Railway ministry on Friday said tender for manufacturing 44 semi-high speed Vande Bharat train sets have been cancelled. A fresh tender will be floated within a week as per r... Read More


Govt appoints Ashwani Bhatia as SBI MD

New Delhi, Aug. 21 -- The Appointments Committee of the Cabinet (ACC) on Friday appointed Ashwani Bhatia as the Managing Director (MD) of State Bank of India (SBI) Ltd. "The appointments committee of... Read More


Megha Engineering emerges as the lowest bidder for Zojila Tunnel project in J&K

New Delhi, Aug. 21 -- Megha Engineering and Infrastructure Ltd on Friday said it is get to get construct the Zojila pass tunnel as it has emerged as the lowest bidder for the project. Zojila tunnel a... Read More