PSU NEWS INDIA

MUMBAI: Essar Oilfields Services India Ltd announced on Wednesday that it has won a contract worth Rs 28 crore from state-run gas utility   India to drill three firm and two optional wells in the Cambay Basin in Gujarat. Drilling for the project is expected to commence in April-May 2018, Essar said in a release here. "Essar Oilfields Services India Ltd (EOSIL) today (Wednesday) ... has been awarded a Rs 28-crore contract by Gas Authority of India Ltd (Wednesday) ... has been awarded a Rs 28-crore contract by Gas Authority of India Ltd (GAIL) to drill three firm plus two optional wells in Gujarat's Cambay Basin," it said.

New Delhi: Under the electoral bonds sale scheme, the sale of first batch of bonds will kick-off from March 1-10 at designated branches of State Bank of India (SBI), the finance ministry said on Thursday. The government had notified the Electoral Bond Scheme on January 2 this year. As per provisions of the scheme, a person, who is a citizen of India or an entity incorporated / established in India can purchase electoral bonds. The electoral bonds are being pitched as an alternative to cash donations made to political parties and bring transparency in political funding. Electoral Bonds To Be Sold At SBI: Five Things To Know 1. SBI has been allowed to issue and encash electoral bonds initially at its four authorised branches. The bonds will be sold at main branches of SBI in four metro cities -- New Delhi, Mumbai, Kolkata and Chennai. 2. "The first issue of the scheme will be opened in March 2018 in place of January 2018 for the first quarter of 2018. Accordingly, the first sale

New Delhi: The Bharatiya Janata Party (BJP) and the Congress on Thursday blamed each other for the Rs11,400 crore fraud case involving the Punjab National Bank (PNB) even as the latter called the scam’s main accused Nirav Modi as “Chhota Modi” sparking condemnation from the ruling party. Billionaire jeweller Nirav Modi is the main accused in the Rs11,400 crore PNB fraud. The rival parties also traded allegations over a picture of Nirav Modi with Prime Minister Narendra Modi and a business delegation accompanying him to Davos at the World Economic Forum meet last month.Nirav Modi, who holds an Indian passport, left India on January 1, while his brother Nishal, a Belgian citizen, also left the country on same day. However, whether they travelled together has to be probed, they said. Nirav Modi's wife Ami, a US citizen, left on January 6 and his uncle and business partner Mehul Choksi, the promoter of Gitanjali jewellery chain, left on January 4, the officials said. Nirav Modi, who i

The young minds of the city explored new technologies in the field of science in the 7th Science Mela 2018 that concluded here on Monday at BHEL Dusshera Ground. On  the concluding day of the fair, the students from various technical and non-technical colleges had a look at the innovations put up by the young students. The four day mega science fair was a treat for the young students as they are able to discover about the new technologies and upcoming technologies too. The last day of the 7th  Science Fest dedicated to students organised by Vigyan Bharti and Madhya Pradesh Council of Science and Technology where Vice Chancellor of Jawaharlal Nehu University, Professor M Jagdish enlightened the  students with his wisdom words. He emphasised on how youngsters can contribute to society with the help of science and its research. “Today, the youth is facing health issues and less concentration power. They are becoming self centred which results in less communication with their paren

BHEL recruitment 2018: The application process to recruit 50 engineer trainees through GATE scores has started from February 12. Interested and eligible candidates can apply on the official careers website of Bharat Heavy Electricals Limited (BHEL) – careers.bhel.in. The last date for online submission of applications is March 12, 2018 at 11:59 pm while by March 13, aspirants can submit an online payment. Around 50 PSUs release applications for GATE scorers.

The three public sector general insurance companies will be meeting on February 16 to deliberate on the proposed merger plan, a top official of United India Insurance said. As part of divestment of public sector entities, the government has proposed in the Budget to merge National Insurance Company, United India Insurance and Oriental Insurance Company into one and subsequently list the new entity on stock exchanges. "All the three public sector general insurance companies are meeting on the 16th of this month for discussions on Budget pronouncements," United India Insurance chairman and managing director M N Sarma said here today on the sidelines of Assocham organised health insurance summit.