This December is historic for the Oil and Natural Gas Corporation (ONGC). A long due exploration is expected to start. This exploration field - located in the Bay of Bengal off the Godavari coast - has been termed the KG-DWN 98/2.Pallab Bhattacharya, Chief, Corporate Communication, ONGC, told BE, â€...
The Micro, Small and Medium Enterprises (MSME) Ministry is reportedly finalising the new definition of MSME based on annual turnover. In 2018, Prime Minister Narendra Modi had proposed this.Sudakshina Gupta, Professor, Department of Economics, University of Calcutta, told BE, “According to the gov...
Srei Equipment Finance Limited recently partnered with the United Bank of India to offer loans to MSME and retail customers under a co-lending arrangement. The NBFC and the bank jointly organised Loan Utsavs across 20 cities.The Loan Utsavs were held in Delhi, Mumbai, Hyderabad, Ahmedabad, Pune, Nag...
P. Vinod Kumar Reddy assumes charge as Zonal Head of Bank of BarodaP. Vinod Kumar Reddy has taken over as Zonal Head, Kolkata Zone of Bank of Baroda. Prior to this, Reddy was heading the Rural Agri Banking Dept. of the bank as General Manager. He brings with him 35years of vast experience in mainstr...
The Union Ministry of Petroleum and Natural Gas (MoP&NG) is initiating strategic disinvestment of its Central Public Sector Enterprises (CPSEs). They have zeroed in on Bharat Petroleum Corporation (BPCL). The MoP&NG, in a recent press release proposed “to divest its 100% shareholding in th...
UCO Bank recently launched new digital products & Current AccountUCO Bank recently announced the introduction of three new digital products and a new UCO Care Plus current account. The digital products are ‘UCASH’ (card less cash withdrawal from ATM), Digilocker facility, UCO MBanking Plus. ...
CII organised the 12th Banking Colloquium in KolkataThe banking colloquium, held in September, covered the technical session on Emerging Trends in Corporate Finance, New Resolution Mechanism, and Traditional vs New Vistas of Finance. It also saw the release of a report on ‘Turnaround in the ...
Plywood is manufactured from timber logs and formed by combining thin timber sheets. India has around 2800 operational wood panel processing and plywood manufacturing plants. According to industry estimates, the plywood market in India is well placed to reach the $5.7 billion mark by 2024. Since ply...
For India, cement production capacity stood at 502 million tonnes per year (MTPA) in 2018. According to inputs from credit rating agency ICRA, around 18-20 MTPA capacity may be added to the industry in FY 20. The country is the second largest producer of cement that accounts for over 8% of the globa...
Kolkata based United Bank of India awarded ISO 27001: 2013 certificationKolkata based United Bank of India has been awarded ISO 27001:2013 certification for its Information Security Management System (ISMS) at Data Centre (DC), Data Recovery Centre (DRC) and Cyber-Security Operation Centre (C-...
