Free Press Journal
  • Fortis shareholders change course to steer clear of Tempest

    New Delhi : An overwhelming majority of Fortis Healthcare Ltd shareholders voted on Tuesday to remove Brian Tempest as director on its board, and also approved the appointment of three independent directors that were nominated by two institutional investors.

  • Yes Bank recovers Rs 184 cr from Bhushan resolution

    Mumbai : Midsize private sector lender Yes Bank on Wednesday said it has recovered Rs 184 crore through the sale of the bankrupt Bhushan Steel to Tata Steel and it will result in a provision write-back of Rs 36 crore.

  • HPCL Q4 profit slips 4% on lower refining margin

    New Delhi : State-owned Hindustan Petroleum Corporation (HPCL) on Wednesday reported a 4 per cent drop in its March quarter net profit on lower refining margins and inventory gains.

  • Merger with MRPL likely this fiscal

    NEW DELHI: HPCL is keen to takeover Mangalore Refinery and Petrochemicals (MRPL) before the end of 2018-19 financial year as there are a lot of synergies arising from the merger, Chairman and Managing Director Mukesh Kumar Surana said on Wednesday.

  • Candidates shortlisted for PSB chief posts

    Mumbai : The government has shortlisted the eligible candidates for vacant senior level management positions in public sector banks, and has sent the list to the Banks Board Bureau, said Financial Services and Banking Secretary Rajiv Kumar on Wednesday.

  • Banks under PCA to submit future plan tomorrow

    Mumbai : After the government met with the heads of banks under prompt corrective action recently, each of the banks will submit a specific plan for the way forward for them by Friday, Financial Services and Secretary Rajiv Kumar said on Wednesday.

  • BRAHMOS missile achieves ‘Make in India’ successfully

    Team BrahMos and DRDO carried out yet another flight test on May 22, 2018 from ITR, Balasore to prove major subsystems manufactured indigenously with Indian raw materials under ‘Make in India’.

  • Regulatory body’s norms for green projects positive for power producers

    Mumbai : The norms issued by the Central Electricity Regulatory Commission (CERC) for granting connectivity to renewable energy-based projects proposing to use the inter-state transmission system (ISTS) is positive for power producers, an Icra report said.

  • Achyuta Samanta delivers speech in The House of Lords

    Noted educationist and social worker, Achyuta Samanta addressed the British parliamentarians at the House of Lords, UK on May 22, 2018. Samanta was invited for a discourse attended by Members of Parliament and special invitees.

  • Anti-Sterlite Protest: Vedanta shares crack over 7% after protests in Tamil Nadu

    New Delhi: Shares of Vedanta plunged over 7 percent, a day after nine people were killed in police firing as protests against the closure of Vedanta group’s Sterlite Copper plant turned violent in Tamil Nadu’s Tuticorin. The stock dropped 6.23 percent to close at Rs 252.70 on BSE. During the day, it slumped 7.17 per cent to Rs 250.15. On NSE, shares of the company dropped 7.20 percent

  • Berger Paints’ independent director settles case with SEBI

    New Delhi, May 23 (PTI) Berger Paints’ Independent Director Kamal Ranjan Das has settled a case related to disclosure lapses with markets regulator Sebi after paying Rs 2 lakh towards settlement. The ruling comes after Das had filed an application with the regulator in June 2017, proposing to settle the matter pertaining to the delayed compliance of PIT (Prohibition of Insider Trading) regulations, without admitting or denying the findings of fact and