Indian Oil Corporation has sold 18,000-20,000 tonnes of naphtha for Oct 29 to Nov 3 loading from Kandla after cancelling a previous tender for the same cargo due to low bids, traders said.
Author: admin (Infratructure Today)
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Deposits under Jan Dhan Yojana cross Rs.25,000 cr
Deposits in accounts opened under the governmentĆĀ“s ambitious financial inclusion scheme Pradhan Mantri Jan Dhan Yojana have crossed Rs.25,000 crore, the Finance Ministry said. A Ćāgood amountĆā has come to the banks as low-cost deposits, it said.
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Rajasthan to use PSUs surplus money for sick units
The Rajasthan Government will use surplus money of state PSUs for providing finance to power companies and sick units, a state minister said. The state government will set a finance corporation which will make available surplus money of PSUs to power companies and other sick units, the state cabinet decided today.
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Rs.3.1 lakh cr worth Defence deals cleared; zero movement on ground
In the 17 months that the NDA government has been in power, the Defence Acquisition Committee (DAC) that vets all big-ticket deals has cleared projects worth a whopping Rs.3.1 lakh crore ($47 billion), but none of these are anywhere near closure.
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Utkarsh Micro Finance raises Rs.30 cr from Ratnakar Bank
Utkarsh Micro Finance, which received license to set up small finance bank, has raised Rs 30 crore in commercial paper, the company said. Ratnakar Bank has invested in the CP issue which will mature in 180 days. The coupon was 10.15 per cent.
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NHB gives nod to 6 new entities
The National Housing Bank (NHB) has granted permission to six new entities, namely, Supreme Housing Finance, Nivara Home Finance, Khush Housing Finance Private, Bajaj Housing Finance Capri, Global Housing Finance Pvt Ltd and Hinduja Housing Finance Ltd, to become housing finance companies.
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RBI approval to set up a subsidiary for real estate of SBI
State Bank of India (SBI) has received in principle approval from RBI to set up a subsidiary that will manage the real estate of the government owned bank.
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CIL, SCCL earn Rs.30,000 cr
The state-owned CIL and Singareni Collieries Company (SCCL) have earned incremental revenues of around Rs.30,000 crore through e-auction, Mjunction Services, a JV between Tata Steel and SAIL that pioneers in e-auction services, said.
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Centre leapfrogs Uttarakhand govt on roads construction
The Central Government will directly spend about Rs.12,000 crore to rebuild roads on Char Dham and Hemkund Saheb pilgrim routes in Uttarakhand which were damaged during the 2013 floods, adversely affecting the tourism business in the state, a union government official said. The project will be completed in the next four years.
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Finance Ministry comes to the rescue of Indian airlines
The Finance Ministry may come to the rescue of IndiaĆĀ“s ailing airline industry. Noting that airlines are among the biggest loss-making entities in aviation sector here, Minister of State for Finance Jayant Sinha will have a meeting with all carriers to discuss their woes.