Free Press Journal
  • Adnoc to buy 25% stake in Ratnagiri refinery

    New Delhi : Abu Dhabi National Oil Company (Adnoc) will next week sign an initial agreement to pick up to 25 per cent stake in the planned $44-billion refinery-cum-petrochemical project in Ratnagiri, Maharashtra. Adnoc joins Saudi Aramco, the world’s largest oil producer, in the project which is planned to come on stream by 2025.

  • Axis Bank puts Lanco power units on block

    Hyderabad : Axis Bank has put up for sale Lanco Kondapalli Power, which owns and operates 1476 MW gas based power plants as the power producer failed to pay dues. Without mentioning the name of the company Axis Bank called Expression of Interest (EoI) for the sale of three gas-based power projects with a combined capacity of 1476 MW.

  • Govt looks to sell IDBI stake to LIC

    New Delhi : The government has sought views from insurance regulator on a proposal for increasing Life Insurance Corp of India’s stake in IDBI Bank beyond the 15 per cent cap, a finance ministry officials said.

  • Karnataka Bank targets Rs 9,000 cr agricalture loan this fiscal Year

    New Delhi: Private sector lender Karnataka Bank is targeting to disburse about Rs 9,000 crore agriculture loan this fiscal, seeing potential opportunities in the sector. The bank said it is also in line with government’s vision to double farm sector income by 2022.

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    India trying to make Chabahar Port in Iran operational by 2019: Nitin Gadkari

    New Delhi: India is trying to make the strategic Chabahar Port in Iran operational by 2019, Union Minister Nitin Gadkari has said in Dushanbe, Tajikistan. Gadkari was on a two-day visit to Tajikistan to represent India at a global conference on “International Decade for Action: Water for Sustainable Development”.

  • Skoda to take driver’s seat in Volkswagen group’s journey in India

    New Delhi: German automobile major Volkswagen group today announced a major rejig in plans for the Indian operations giving group firm Skoda the responsibility for the market here. Under its ‘India 2.0’ project, all models designed and produced locally in the future will be based on Volkswagen Group’s MQB platform and Skoda Auto will launch a volume segment model based on sub-compact MQB A0 platform by 2020, Skoda Auto said in a statement.

  • Sensex soars 257 points in see-saw trade

    Mumbai: The Sensex rebounded over 257 points to close at 35,689.60 while the NSE Nifty went past the 10,800-mark in volatile trade today, with institutional investors lending crucial support. Sentiment was buoyed after data showed that foreign portfolio investors (FPIs), who had been net sellers for the past several sessions, were back to buying mode on the domestic bourses yesterday.

  • RBI sets rupee reference rate at 67.7695 against dollar

    Mumbai: The Reserve Bank of India today fixed the reference rate of the rupee at 67.7695 against the US dollar and 78.8566 for the euro. The corresponding rates were 68.1950 and 78.7925, as on June 21, 2018.