PSU NEWS INDIA

US tech firm Microsoft has become the largest exporting company in Ireland, taking over from Google, a report has said. The report, published by the Irish Exporters Association (IEA), in association with financial group Investec, showed that Microsoft, with over 1,200 employees in Ireland, had a big increase in export turnover of 21 percent, up from 15 billion euros to 18.2 billion euros year on year, Xinhua news agency reported. Investec is a leading international, specialist-banking group with headquarters in Johannesburg, South Africa. Microsoft was followed by Google, Medtronic, Johnson & Johnson and Ingersoll Rand, the report said. The data from the report also showed stellar growth in the manufacturing and services sectors with the value of exports from the top five exporters increasing by 23.5 percent on the previous year. Of the top 20 exporting companies listed in the report, nine of them are focused within the ICT arena, with seven in the medical and pharma

New Delhi, September 21: Bharat Heavy Electricals Limited (BHEL) has achieved a major milestone with the commencement of the first unit of the upcoming 3×660 MW Supercritical Thermal Power Plant at Mirchwara in Lalitpur district of Bundelkhand region of Uttar Pradesh . This is the first Supercritical unit set up in the state of Uttar Pradesh. The unit has been set up at the 3×660 MW Lalitpur Super Thermal Power Project (STPP). Lalitpur STPP is being developed by Lalitpur Power Generation Company Limited (LPGCL), promoted by the Bajaj Hindusthan group. The main plant package contract of this 1,980 MW power plant is being executed by BHEL.    The unit was inaugurated by Mulayam Singh Yadav, Member of Parliament  in the presence of  Shivpal Singh Yadav, Cabinet Minister, Govt. of UP;  Arvind Kumar Singh Gope,  Hon’ble Minister of State (Independent Charge) for Rural Development, Govt. of UP;   Yasar Shah,  Minister of State for Energy, Govt. of UP, Atul Sobti, Dir

Speaking on the occasion A.K. Jha, CMD informed that NTPC is the largest power producer in India in terms of both installed capacity and generation, with aggregate installed capacity of 45,548 MW (including 39352 MW through directly owned units and 6,196 MW through Subsidiaries and Joint Ventures) as on September 10, 2015. In addition, the Company has a capacity of 23,004 MW which is under different phases of completion as on date. K. Biswal, Director ( Finance ) NTPC said that NTPC has a history of creating records in regard to tax free Bonds. Earlier issue in December 2013 was oversubscribed by 3.67 times and we had to pre-close the issue.  NTPC has already issued Rs 300 crore on private placement basis to institutional investors which received an overwhelming response and the issue was oversubscribed by 7.25 times The issue opening date is 23 rd  September 2015, Wednesday. The balance amount of Rs 700 crore is being raised through public issue. 40% i.e. Rs 280 cro

Prime Minister Narendra Modi has invited questions for Townhall Question and Answer session at Facebook Headquarters in the US to be held on 27th of this month. In a Facebook post, the Prime Minister wrote that he was looking forward to the Question and Answer session. Thanking Facebook chief Mark Zuckerberg for the invitation, Mr Modi said the interaction will cover a wide range of issues. Prime Minister Narendra Modi on Sunday thanked Facebook founder  Mark Zuckerburg   for inviting him to visit Facebook Headquarters   and Townhall Q&A in San Francisco, California, during his upcoming visit to the US. "I thank Mark Zuckerberg for the invite to visit Facebook HQ and for the Townhall Q&A at 10 PM IST on 27th September," Prime Minister Modi tweeted. "I'm excited to announce that Prime Minister  Narendra Modi  of India will be visiting Facebook HQ later this month for a Townhall Q&A," Zuckerburg wrote earlier on his  Facebook  post. "Pri

The Prime Minister’s ‘Make in India’ has not done too well during his visit to France. One, the direct purchase of the fighter jets does not carry a whiff of indigenous production at the moment. And two, the agreements operationalising the nuclear deal with Areva come despite it being under scrutiny for using sub standard material in the European Pressurized Reactor being built at Flamanville (France).  PM Modi chose to ignore warnings by nuclear experts and others in India against finalising the nuclear deal with Areva, just like his predecessor Manmohan Singh who had initiated the Memorandum of Understanding between Areva and the Nuclear Power Corporation of India Limited (NPCIL). A General Framework Agreement for the construction of the first two EPR reactors was signed in December 2010, despite warnings by nuclear experts in India advising against business with the French company with an increasingly dismal record.  France got a Santa Claus in the form of Prime Minister Narendra

Debates are between two poles where one is against and other is for this might even need a mediator to keep the panel calm . But this debate on national television went too far with debate. The two panelist on live TV lost their temper and started fighting on the national television. This incident happened when a New TV Channel hosting a debate Radhe Maa between Radhe Maa followers and Non followers. However the news channel wasn’t expecting this when they are going live. Panelists which consisted of Sadhvi Deepa Sharma and Om Ji Maharaj were on prime time debating on Radhe Maa, on the show which was named as “Aaj ka Mudda”. During the debate which was going live on the television, they all ended up leaving their moral grounds and ending up in fist fight. Leaving behind all the conduct on national television. The two even started having hand to hand combat on the live show, such that the other people on the set had to intervene and the show had to be stopped. The interruption did

The blast took place at about 8:30 am local time (3:00 GMT) in Petlawad town, according to the PSU NEWS INIDA.   A gas cylinder explosion outside a hotel in the central Indian state of Madhya Pradesh killed at least 30 people on Saturday, a local police inspector told Sputnik. Home Minister of the state Babulal Gaur ordered a thorough investigation into the incident and pledged severe punishment for the guilty. "Blast is so severe that we are unable to identify the bodies. So far we have counted 30 dead bodies. We have pulled the injured peoples from the debris and admitted in hospitals," Shivji Singh said. According to him, the explosion of the gas cylinders was triggered by a blast of a detonator kept in a nearby building for mining purposes.

To ensure effective transmission of its policy rate decisions by banks, RBI today proposed a uniform methodology for calculation of their base lending rates on the basis of marginal cost of funds. Many banks currently follow average cost of funds or ‘blended cost of funds (liabilities) method’ for calculating the base rate, while a few already take into account the proposed measure of ‘marginal cost of funds’. “For monetary transmission to occur, lending rates have to be sensitive to the policy rate,” said draft guidelines on ‘Transmission of Monetary Policy Rates to Banks’ Lending Rates Base Rate Guidelines’. As per the draft, components of Base Rate will include cost of funds, negative carry on CRR/SLR, un-allocable overhead costs and average return on networth. “The marginal cost of funds should be used for computing the cost of funds. The marginal cost should be arrived at by taking into consideration all sources of fund other than equity,” it said. Also, cost of depo