Professionals from oil companies flock to IOC due to stable job and PSU tag
Thursday, 23 February 2012 12:09
With a job at Reliance Industries, LG, Haldia Petrochemicals or even Saudi Arabia-based SABIC, what can be a good career move? For 170 young executives, the obvious choice was to work in Panipat for a public sector company that often reports quarterly losses - Indian Oil Corp.
Coal India to incur Rs 6,500 cr extra burden due to wage pact
Thursday, 23 February 2012 12:09
State-run Coal India has said that it will incur an additional burden to the tune of Rs 6,500 crore per annum on account of 25 per cent increase in workers' wages under the new pact.
Iran sanctions could put ONGC Videsh plans on the backburner
Thursday, 23 February 2012 12:09
The ongoing sanctions imposed by the US and some European countries against Iran due to its nuclear programme may put some of the ONGC Videsh's plans in that country on the backburner, according to a top executive of ONGC.
Hindustan Petroleum to construct underground storage facilities
Thursday, 23 February 2012 12:09
Public Sector Hindustan Petroleum Corporation Limited (HPCL) has taken up construction of underground storage facilities for keeping crude oil stocks which could be used to meet petroleum requirement during oil crisis, Union Minister S Jaipal Reddy said.
Syndicate Bank to get Rs 539 crore fund infusion from government
Thursday, 23 February 2012 12:09
State-owned Syndicate Bank today said it will raise up to Rs 539 crore through issue of preferential shares to the Government of India.
NTPC makes last-ditch effort to revive Katwa project
Thursday, 23 February 2012 12:09
NTPC is making a ‘last-ditch attempt’ to revive its 1,600-Mw supercritical thermal power project at Katwa in Burdwan, 170 km away from Kolkata. But the country’s largest power generating company is worried over middlemen’s involvement in the land acquisition process and high prices being quoted by farmers.
Indian Bank introduces account portability facility
Thursday, 23 February 2012 12:09
State-owned Indian Bank has introduced account portability feature which allows its customers to retain the account number even if they change the branch.
Sail optimistic about JV with Posco, says CS Verma
Thursday, 23 February 2012 12:09
Steel Authority of India Limited (SAIL) was optimistic about its proposed joint venture with the South Korean steel major Posco, a top Sail official said.
Central Bank of India, Bank of Maharashtra cut home loan rates by 0.25%, waive processing fee
Thursday, 23 February 2012 12:09
In order to prop up the sagging home loan market, state-run lenders Central Bank of India (CBI) and Bank of Maharashtra (BoM) have announced slashing of interest rates by up to 0.25 per cent, and also decided to waive the processing fees.
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