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Gross NPAs of state-run banks rise

Gross NPAs of state-run banks rise

Minister of State for Finance Namo Narain Meena informed Lok Sabha that the gross non-performing assets (NPAs) of public sector banks have increased from 2.28 per cent in March 2010 to 4.01 per cent in September 2012. During the same period, the gross NPA (as a percentage of gross advances) of SBI Group, rose from 2.82 per cent in March 2010 to 5.16 per cent in September 2012,

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Funds crunch may delay Kolkata airport metro project

Funds crunch may delay Kolkata airport metro project

Change in design and delay on the part of Railway Board to approve cost escalation, may affect the implementation schedule of the proposed Airport-New Garia Metro link in Kolkata. The 30-km line running along the eastern fringes of the city is executed by Metro Railway, Kolkata, a wing of Indian Railways.

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Funds crunch may delay Kolkata airport metro project

Funds crunch may delay Kolkata airport metro project

Change in design and delay on the part of Railway Board to approve cost escalation, may affect the implementation schedule of the proposed Airport-New Garia Metro link in Kolkata. The 30-km line running along the eastern fringes of the city is executed by Metro Railway, Kolkata, a wing of Indian Railways.

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Posco determined to set up world-class plant

Posco determined to set up world-class plant

YW Yoon, CMD of Posco India, the local arm of South Korean steel major Posco, remarked that the firm was determined to move ahead and construct a world class steel facility for the benefit of all stakeholders in Odisha. POSCO will do its best efforts to construct a state-of- the-art steel plant in Odisha, Yoon said, while awarding the POSCO Asia Fellowship on behalf of POSCO TJ Park Foundation at

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Posco determined to set up world-class plant

Posco determined to set up world-class plant

YW Yoon, CMD of Posco India, the local arm of South Korean steel major Posco, remarked that the firm was determined to move ahead and construct a world class steel facility for the benefit of all stakeholders in Odisha. POSCO will do its best efforts to construct a state-of- the-art steel plant in Odisha, Yoon said, while awarding the POSCO Asia Fellowship on behalf of POSCO TJ Park Foundation at

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Land dispute delays MUTP-II project

Land dispute delays MUTP-II project

Maharashtra government and the Indian Railways are locked in an ownership dispute over a 20,000 sq m land in Bandra, Mumbai. The commercial exploitation of the land is necessary for the Rs 5,300-crore Mumbai Urban Transport Project-II (MUTP-II) project, which was sanctioned in 2008. The project was approved under the arrangement that nearl

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Tata Steel expects phase I of steel project by March 2014

Tata Steel expects phase I of steel project by March 2014

Tata Steel expects to operationalise three million tonne steel plant in the first phase of its six million tonne greenfield steel project at Kalinga Nagar, by March 2014. This is despite the fact that the company has not been able to get raw material security for the project as allotments of mines are yet to come through. The project is co

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