Free Press Journal
  • Thane: BJP left red faced as poaching bid falls flat

    Bhayandar: Less than 24 hours after the Mira Bhayandar unit of the Bharatiya Janata Party released a press note announcing the entry of sitting NCP corporator Kamlesh Bhoir into its party fold, their leadership was left red faced as Bhoir jumped into the Shiv Sena bandwagon on Tuesday in the presence of Sena chief-Uddhav Thackeray.
    Bhoir has claimed that the BJP has been spreading rumours immediately after he shared stage with its local leadership during

  • Loco pilots on hunger strike

    Nagpur: Agitated over the operational hazards, loco-pilots and guards of the Indian Railways observed a hunger strike all over India to press for their demands.

  • Listening To Nature’s Voice- Masanobu Fukuoka

    “IF a single new bud is snipped off a fruit tree with a pair of scissors, that may bring about a disorder which cannot be undone…. Human beings with their tampering do something wrong, leave the damage unrepaired, and when the adverse results accumulate, work with all their might to correct them.”

  • New route opens new gateway for India and Brussels

    With introduction of a direct flight from Mumbai to Brussels by Brussels Airlines, the company plans to explore opportunities related to not just passenger movement but also cargo movement. Since end of March, a direct flight from Mumbai’s Chhatrapati Airport to Brussels Airport have commenced operations and Brussels Airlines claim that it has already seen demand for their services.

  • Fitch Affirms Oil India’s IDR at BBB: Outlook Stable

    Singapore : Fitch Ratings has affirmed Oil India Limited’s (OIL) Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘. Fitch has also affirmed the Long-Term IDR on OIL’s wholly owned subsidiary Oil India International Pte Limited (OIIPL) at ‘BBB-‘. The Outlooks are Stable. Fitch also affirmed OIL’s foreign-currency senior unsecured rating, the rating on its USD1 billion senior unsecured notes and the rating on OIIPL’s USD500 million senior unsecured notes at ‘BBB-‘.

  • Jaquar buys Euro’s Kutch unit; plans Rs 310-cr capex in FY18

    Ahmedabad/Mumbai : Sanitaryware major Jaquar Group, which on Tuesday acquired one of the plants of the Kutch-based Euro Ceramics for Rs 100 crore, said it will invest Rs 310 crore this financial year to augment capacity and to set up new a new facility for lighting products.

  • IDFC Bank logs 6.6% rise in net on Rs 4000cr NPA sale to ARCs

    Private sector IDFC Bank reported a 6.6 per cent growth in its March quarter net at Rs 176 crore, helped by a sale of a huge dud assets pile to ARCs which lowered its provisioning burden. The newest private sector lender sold Rs 4,000 crore of bad loans to asset reconstruction companies (ARCs) during he quarter that helped it reduce the gross NPA ratio to 2.99 per cent as against 7.03 per

  • LIC Housing Finance Q4 net profit up 18% at Rs 529 crore

    LIC Housing Finance standalone net profit rose by 18.1 per cent to Rs 529.19 crore in the fourth quarter of last fiscal ended March 31. The company’s net profit in the January-March period of the previous fiscal, 2015-16, was Rs 448.02 crore.

  • Indian Bank Q4 net up over 3-fold, to come up with FPO

    Public sector Indian Bank has reported an over three-fold jump in standalone net profit at Rs 319.70 crore for the quarter ending March 31, 2016.The Chennai-headquartered bank had recorded net profits at Rs 93.62 crore during the corresponding quarter of 2015-16.

  • Fitch Rates NTPC’s Masala Bonds ‘BBB-(EXP)emr’

    Fitch Ratings has assigned an expected rating of ‘BBB-(EXP)emr’ to India-based NTPC Limited’s (BBB-/Stable) proposed rupee-denominated senior unsecured notes that are payable in US dollars. The notes will be issued out of its USD4 billion medium-term note programme, which Fitch has rated at ‘BBB-‘.