OMCs may raise petrol prices by up to Rs 4 a litre this week
Posted by admin on Feb 28, 2011 | Leave a Comment
State-run oil firms propose to raise petrol prices by up to Rs 4 a litre this week to offset rising crude oil costs as the Budget has ignored their demand to cut duties on the fuel.
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BL Bagra is new CMD of NALCO
Posted by admin on Feb 26, 2011 | Leave a Comment
State-run aluminium company NALCO’s chief A K Srivastava, who was caught allegedly taking bribe and is in CBI custody now, has been suspended by the government.
The mines ministry suspended Srivastava based on CBI charges, a top official said. B L Bagra, Director (Finance), has been given the additional charge of chairman-cum-managing director till further orders, the official added.
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NALCO CMD and wife to face five days of CBI grilling
Posted by admin on Feb 26, 2011 | Leave a Comment
A Delhi court today allowed CBI to quiz NALCO Chairman-cum-Managing Director Abhay Kumar Srivastava, his wife and two others, arrested in an alleged bribery case, in its custody for five days.
CBI arrested four of them and recovered about 10 kgs of gold bricks and jewellery valued at around Rs 2.13 crores as also Rs 30 lakh in cash from their possession yesterday.
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NALCO CMD arrested by CBI on bribery charges
Posted by admin on Feb 25, 2011 | 1 Comment
The Central Bureau of Investigation (CBI) Friday arrested the chairman-cum-managing director of the National Aluminium Company Ltd (NALCO) A.K. Srivastava and his wife for allegedly accepting bribe.
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PMO raises questions over having only a Sikh as P&SB chairman
Posted by admin on Jan 24, 2011 | Leave a Comment
The Prime Minister’s Office (PMO) has raised questions over the practice of reserving the Punjab & Sind Bank (P&SB) chairman and managing director’s job for a Sikh despite the bank’s nationalization three decades ago.
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Kerala Tourism wins pretigious award at Fitur, Madrid
Posted by admin on Jan 22, 2011 | Leave a Comment
Kerala Tourism won the award for the best international stand at FITUR held in Madrid, Spain from 19th to 23rd January 2011. This is the first time an Indian destination is winning this prestigious award at FITUR, which is the second largest tourism exhibition in the world. The 58.5 sq. m stand centred on the backwaters of Kerala was designed by Stark Communications Pvt Ltd, Thiruvananthapuram.
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2G scam gone behind, Indian PSU see biggest scandal ever
Posted by admin on Nov 25, 2010 | Leave a Comment
By Vivek Avasthi
Scam of the year has hit the PSU sector of the country. It has sent shock waves amongst the common man and has also shaken the confidence of the stock market, if experts and analysts are to be believed. The CBI on Wednesday swooped down on the CEO of LIC Housing Finance Mr Ramachandran Nair and seven others including three top officials of public sector banks in connection with the alleged housing...
Natwarlal who sold IOC land in sea, lands in police net
Posted by admin on Jul 18, 2010 | Leave a Comment
The police has arrested a politically powerful realtor who made hundreds of crores of rupees by literally selling the Bay of Bengal as ‘land’ to many companies, including Indian Oil Corporation. He had duped Indian Oil Corporation to the tune of Rs 26 crore. Needless to say that the IOC did not even verify the ownership of the land before handing out the payment to the high profile Natwarlal.
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PSUs refute bribery charges in US court documents
Posted by admin on Jul 07, 2010 | Leave a Comment
Facing allegations in the US that their officials were bribed by an American firm for business, state-owned NTPC today said no contract had been given to the company in question, while another public sector firm, Bharat Heavy Electricals Ltd (BHEL), declined comments in the absence of any specific details.
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MTNL slashes ISD rates
Posted by vivek on Jun 30, 2010 | Leave a Comment
State-run MTNL today slashed ISD calling rates for its GSM as well as 3G subscribers, bringing down the cost for calls to countries such as US, Canada and China to Rs 1 per minute.
MTNL, on the occasion of completing 25 years in service, announced a ninety days’ promotion scheme through which ISD calling rates to Argentina, Bahrain, Cyprus, Jordan, South Korea, Malaysia and Sweden would be reduced to Rs 3 per...
