PNB gets Rs 2,816 crore as part of government’s capital infusion plan

New Delhi, July 23 () State-owned PNB today said it has received Rs 2,816 crore as capital infusion from the government via preferential allotment of equity shares. Read more »

DMRC proposes to set up subsidiary firm to strengthen last-mile connectivity in Delhi: HUA to Parliamenary panel

It said other metro companies are also planning to introduce feeder service with the help of state transport corporations in order to provide last-mile connectivity. Read more »

This Rs 8,000-crore solar scheme may help Indian firms boost manufacturing

If approved, it may be able to offset the adverse impact of imports from China, Malaysia and Taiwan. Read more »

Johnson and Johnson to offer first TB drug in 40 years for $900

J&J said India is eligible for the lowest global price and that it is working on a sustainable access strategy. Read more »

Oil PSUs spend 20% of annual capex in Q1

Indian Oil Corp, the nation’s largest refiner and fossil fuel retailer, spent Rs 5,852 crore in the April-June quarter, the maximum among state oil firms. Read more »

Trai recommends no auction for walky-talky service spectrum allocation

Unlike cellular services, PMRTS are operated for two-way communication within small distance of around 30 kilometer-range by police, security agencies, construction companies etc. Read more »

Railways mulls increasing run-time of special Mumbai Rajdhani to make it stick to schedule

The train - with a run-time of about 14 hours - was touted by the railways as the fastest train between Delhi and Mumbai, cutting down the travel time by two hours. Read more »

Onida bets big on ‘devil’ ad campaign

Besides, the company is "strategically revamping" its operations after coming back into black after two years, said a top company official. Read more »

Kalanithi Maran loses Rs 1,323-crore arbitration against Spicejet; but gets Rs 571 cr refund

The low-cost carrier has informed the exchanges that on July 20, an arbitration tribunal rejected Maran's claim of damages of Rs 1,323 crore for not issuing convertible warrants Read more »

Federal Bank gets RBI nod to enter Bahrain, Kuwait, Singapore

The Kochi-headquartered bank, which leads diaspora remittances, already has representative offices in Abu Dhabi and Dubai. Read more »