PSU Watch

Maimun Alam (IRS) has been appointed as Director in the Ministry of Steel, Delhi, under the Central Staffing Scheme MINISTRY OF STEEL https://lnkd.in/gBBMkN2F

Coal India has been conferred with the prestigious Golden Peacock CSR Award 2024 at the 19th International Conference on Corporate Social Responsibility held in Mumbai on Thursday Coal India Limited https://lnkd.in/g5DvTz_p

Bharat Electronics Limited (BEL) will showcase state-of-the-art products and systems employing cutting-edge technologies and spanning every domain of its business Bharat Electronics Limited https://lnkd.in/gi_b7vgn

HAL is set to showcase its cutting-edge indigenous products and technologies under the theme ‘Innovate. Collaborate. Lead’ at Aero India 2025 Hindustan Aeronautics Limited https://lnkd.in/gyUcJfCc

Benchmark indices Sensex and Nifty traded lower in a volatile trade on Friday morning ahead of the RBI's monetary policy decision #Sensex https://lnkd.in/gh9uh6hD

#FirstTimeInFiveYears The Reserve Bank of India (RBI) under the new Governor Sanjay Malhotra on Friday cut the interest rate for the first time in nearly five years as the central bank pivoted the policy stance to support a shuttering economy. The 25 basis points rate cut to 6.25% comes after the last rate reduction in May 2020. The last revision of rates happened in February 2023 when the policy rate was hiked by 25 basis points to 6.5%. The #monetaryPolicy Committee (MPC) unanimously decided to slash the policy rate by 25 basis points to 6.25 per cent, Malhotra said. #RBI #ReserveBankOfIndia

Hi! Time for a brief #NewsWrap for Thursday from #PSUWatch & #DefenceWatch -- #SBI Q3 profit surges 84% to Rs 16,891 crore* https://lnkd.in/gv7qHdSb #REC Q3 net profit grows 23% to Rs 4,076 crore* https://lnkd.in/gwKq_7SJ #NMDC Q3 profit grows 29% to Rs 1,897 crore; production rises 9% to 13 MT* https://lnkd.in/gPztdFNz *Bhumipuja marks start of mining at Bengal's Deucha Pachami coal project* https://lnkd.in/gDDUixSz *India has received $1.16 billion in climate finance so far: Govt* https://lnkd.in/g8tqx3iA *PSBs record strong financial performance in Q3 of FY'25* https://lnkd.in/g7wTpZE3 *TRAI recommends new numbering system for landline users* https://lnkd.in/g9fRwAQE *Tata Power Renewable, Bank of Baroda ink pact for financing rooftop solar projects* https://lnkd.in/gV8yfm6n *Tata Power restores operations of fire-hit unit at Trombay plant* https://lnkd.in/gb_pFMeH Defence Watch *Defence Ministry signs over Rs 10,000-crore contract for Pinaka rocket system* https://lnkd.in/gK4tHmQM *Defence PSUs #EEL, #MIL & #BEL bag order worth Rs 10,147 Cr from MoD* https://lnkd.in/gJ5kY_eX #HAL to set up fourth production line of #TEJAS MK-1A to address IAF’s fighter squadron concerns* https://lnkd.in/gxYP6yAF #BureaucracyWatch *Kumar Saurabh (IAS) elevated to Director in Civil Aviation Ministry* https://lnkd.in/gpTY6282 *Himanshu Roy (IRS) promoted to Director in Department of Pharmaceuticals* https://lnkd.in/gXbHjpNC *Shashi Kajle (IRS) appointed as Director in Department of Economic Affairs* https://lnkd.in/gXJBMyjt __ You stand updated for Thursday. Good night.

Public Sector Banks (PSBs) have demonstrated remarkable financial performance in the first three quarters of the ongoing fiscal year 2024-25, achieving significant growth across key financial parameters https://lnkd.in/g7wTpZE3

India has so far received USD 1.16 billion for climate projects through the financial mechanism of the United Nations Framework Convention on Climate Change UNFCCC-WGEO Regional Collaboration Centre (RCC) MENA and SA https://lnkd.in/g8tqx3iA

NMDC Limited on Thursday reported a 29 percent rise in consolidated net profit to Rs 1,896.66 crore in the October-December quarter of 2024-25, mainly driven by higher income NMDC Limited https://lnkd.in/gPztdFNz