WEB NEWS

by Priya Jadhav   Mumbai, 25 January 2024: Punjab National Bank today announced its Financial Results for the Quarter Ended 31st December 2023.   Highlights of the quarter is as follows: Net Profit increased to ₹ 2,223 Crore during Q3 FY’24, with YoY growth of 253.41%. Return on Assets (RoA) improved YoY by 41 bps to 0.58% in Q3 FY’24. Return on Equity (RoE) improved YoY by 860 bps to 12.45% in Q3 FY’24. Net Interest Income increased by 12.13 % YoY to ₹ 10,293 Crore in Q3 FY24. Operating Profit was at ₹ 6,331 Crore during Q3 FY’24 grew by 10.75 % on YoY basis. Credit Cost improved by 61 bps to 1.26% in Q3 FY’24 from 1.87 % in Q3 FY’23. GNPA ratio improved by 352 bps on YoY basis to 6.24 % as on December’23 from 9.76% as on December’22. NNPA ratio improved by 234 bps on YoY basis to 0.96 % as on December’23 from 3.30% as on December’22. Provision Coverage Ratio (including TWO) improved by 911 bps on YoY basis to 94.28 % as on December’23. Slippage ratio improved YoY by 13...

by Priya Jadhav     Gurugram, 25 January, 2023 : REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Understanding (MoU) with the National Investment and Infrastructure Fund Limited (NIIFL) to collaborate on a suite of funding solutions for Renewable Energy Projects as well as   large-scale infrastructure projects in India.   The MoU was signed in the presence of   Sh. Vivek Kumar Dewangan, CMD, REC and Shri Rajiv Dhar, CEO and MD, NIIFL by Shri Daljeet Singh Khatri, ED (Finance), REC, and Sh. Prasad Gadkari, Executive Director & Chief Strategy Officer, NIIFL.   Sh. Ajoy Choudhury, Director (Finance), REC; Sh. V K Singh, Director (Projects), REC; Sh. K Mukundan, Sr. Principal - Strategic Initiatives and Policy Advisory, NIIFL and Sh. Saurabh Rastogi, Executive Director, REC were also present on the occasion and held rich discussions.   Sh. Vivek Kumar Dewangan, CMD, REC said, “Empow...

by Priya Jadhav   Mumbai,26th January 2024: The ‘Green Indian Financial System (GIFS)’ Initiative, founded by SIDBI, Shakti Sustainable Energy Foundation (SSEF) and French Development Agency (AFD), organised an event with the annual theme discussion titled “Strengthening Green Financing and Mainstreaming Gender” on January 23, 2024, in Mumbai. This event successfully brought together MSMEs and stakeholders, to reflect on the recent developments on green finance, and to discuss how the financial system and the MSMEs can find a common ground to ensure a resilient and low-carbon transition in India.   Established in 2021, GIFS initiative been instrumental in shaping discussions around greening the financial ecosystem and facilitating its implementation through Indian institutions. The objective of the event was to share updates on the newly created regulations, schemes, tools, working groups etc. from 2022 and 2023 activities that have contributed to the greening of the Indian f...

 by Priya Jadhav  Mumbai, 25 Jan :   Maharashtra Table Tennis players achieved a historic milestone in the 85th UTT Sub Junior and Cadet National Champonships held At Indore from 16th to 24th Jan. 2024. The Maharashtra contingvent demonstrated supremacy, securing an impressive tally of 7 medals (2 GOLD, 3 SILVER and 2 BRONZE). This remarkable feet not only signifies the players’ exceptional skills but also marks a significant chapter in Maharashtra sporting history, showcasing their prowess on the National stage, with their best ever performance in 85 years. Highlights of the finals: - Girls Under-15 Singles (1 Gold & 1 Silver): - Divyanshi Bhowmick clinched a much-deserved Gold Medal, while Kavya Bhatt had to be contented with a Silver. Divyanshi won the finals 3-0. Girls Under-15 Doubles (1 Gold): - Divyanshi Bhowmick and Kavya Bhatt knocked out the more fancied duo M.Hansini and Ananya M from Tamil Nadu 3-1 in the finals. Girls Under-15 Teams (1 Silver): - Maharas...

by Priya Jadhav   WION's In-Depth Union Budget 2024 Analysis will unveil Economic Insights   As the nation eagerly awaits the Union Budget 2024, World Is One News (WION), India's only international news channel, continues to captivate audiences with its  India Budget: Election Edition  – The Most Comprehensive Coverage , providing viewers with exclusive and comprehensive analysis.    WION's extended coverage is currently in progress from 5th January through to 4th February 2024, featuring in-depth insights, exclusive interviews, and expert opinions.   Throughout January, the pre-budget programming has been focusing on  Domestic Expectations, Decoding the Budget, Budget FACT-O-PEDIA, Technology & Plans, what it means for Indian Markets & Foreign Investors, and Broad Expectations  from both domestic and global perspectives.   On Budget Day (1st February 2024), WION also looks towards live broadcasts from CII in Delhi with Vikram Ch...

by Priya Jadhav   Zee Media Corporation Limited proudly presents 'ZEE Bharat,' a groundbreaking fusion of news and culture officially unveiled on January 22, 2024, igniting news with the vibrancy of India's spirit. This channel revolutionizes news consumption by seamlessly blending impactful storytelling with a vibrant celebration of India's cultural richness and diversity .  Going beyond the conventional realms of news delivery, 'ZEE Bharat' stands out as  a dynamic platform that offers a fresh, distinctly Indian perspective. More than just a news source, 'ZEE Bharat' is committed to amplifying the unheard voices of rural India, providing a platform for those who truly represent the diverse fabric of the nation.   With an energetic lineup of anchors and a rejuvenated look, the channel embodies a dynamic approach to news delivery , investigative reporting and impactful stori e s  that goes beyond information dissemination. Interestingly, 'ZEE Bharat...

by Priya Jadhav  Anticipate an enchanting experience for music enthusiasts to kick off the new year’s event calendar, as the acclaimed and chart-topping maestro, Atif Aslam makes a grand return to Dubai for his first live concert of 2024 on 2nd March 2024 at Coca-Cola Arena. This special concert is organized by leading event and lifestyle management company Blu Blood in collaboration with Eva Live Middle East and Midas Events. The event is presented by Meteora Developers.  This is also the first Bollywood concert of 2024 for Blu Blood. Atif is set to rekindle his beautiful collaboration with the Firdaus Orchestra for the second time, presenting a selection of his most iconic blockbusters, including 'O Meri Laila,' 'Woh Lamhey,' 'Dil Diyan Gallan,' 'Tu Jaane Naa,' 'O Saathi,' 'Doorie,' and many more accompanied by the symphonic brilliance of the all-women ensemble. With a colossal fan base spanning India and beyond, Atif Aslam has an inter...