New Delhi, April 30, 2024 (TBB Bureau):  REC, a leading government-owned financial institution, announced a robust 34% increase in net profit for the January-March quarter of the fiscal year 2023-24. The company’s net profit soared to Rs 4,016 crore, compared to Rs 3,001 crore during the same period in the previous year. The revenue from operations also witnessed a substantial ...

New Delhi, April 29, 2024 (TBB Bureau):  The Union government is set to auction approximately 20 critical mineral blocks in the fourth round of auctions by the end of June, announced Mines Secretary V L Kantha Rao on Monday. Rao mentioned that the auction process for seven critical mineral blocks, initially put up for sale in the first round, is ...

New Delhi, April 29, 2024 (TBB Bureau): The Union Finance Ministry on Monday unveiled plans to issue Government bonds worth Rs 28,000 crore slated for May 3, split into three tranches to be auctioned through a price-based method using the multiple price approach. The initial lot encompasses “7.33 per cent Government Security 2026” valued at Rs 6,000 crore. Following suit, ...

New Delhi, April 28, 2024 TBB Bureau):  The Ministry of Mines, in collaboration with the Shakti Sustainable Energy Foundation (Shakti), Council on Energy, Environment and Water (CEEW), and Indian Institute of Sustainable Development (IISD), is gearing up to host the “Critical Minerals Summit: Enhancing Beneficiation and Processing Capabilities” from April 29th to April 30th, 2024. The summit, to be held ...

BHUBANESWAR, APRIL 27, 2024 (TBB BUREAU): As the Lok Sabha elections draw near, the electorate of Sambalpur finds itself at a crossroads, evaluating a blend of local loyalty, a candidate’s proven track record, and a vision for regional advancement intertwined with influential national connections. Recent surveys indicate Union Minister Dharmendra Pradhan as the frontrunner, buoyed by his substantial achievements during ...

NEW DELHI, APRIL 27, 2024 (TBB BUREAU): “Pension Portals of all Pension Disbursing Banks to be integrated in the Integrated Pensioners’ Portal of Department of Pension & Pensioners’ Welfare to ensure Ease of Living of Pensioners” said V Shrinivas, Secretary (P&PW) while addressing the launch ceremony of the Integrated Pensioners’ Portal of Bank of India on Friday. Shrinivas emphasized the ...

NEW DELHI, APRIL 27, 2024 (TBB BUREAU):  The Union government has greenlit the export of 99,150 metric tons of onions to six neighboring countries: Bangladesh, UAE, Bhutan, Bahrain, Mauritius, and Sri Lanka. This decision comes amidst concerns over lower Kharif and Rabi crop yields in 2023-24 compared to previous years and rising international demand. To ensure ample domestic supply, onion ...

NEW DELHI, APRIL 26, 2024 (TBB BUREAU):   The Ministry of Ports, Shipping and Waterways (MoPSW) is actively pursuing the establishment of a dedicated Maritime Development Fund, similar to sectoral financial institutions such as Power Finance Corporation, REC, and IRFC, confirmed a senior ministry official. R Lakshmanan, Joint Secretary of MoPSW, stated that the proposed fund aims to address the unique ...

NEW DELHI, APRIL 22, 2024 (TBB BUREAU): The Union Finance Ministry on Monday revealed plans for the sale of government bonds totaling Rs 32,000 crore, slated for Friday, April 26, 2024. Divided into two categories, the first offering comprises “7.1 per cent Government Security 2034” valued at Rs 20,000 crore, while the second includes “7.46 per cent Government Security 2073” ...

NEW DELHI, APRIL 22, 2024 (TBB BUREAU): In a bid to comprehensively understand the evolving landscape of Artificial Intelligence (AI) and its implications on competition, the Competition Commission of India (CCI) has announced the initiation of a Market Study. This pioneering endeavour aims to delve deep into the transformative potential of AI while addressing pertinent competition concerns arising from its ...