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20 September, 2018 2:48 PM Pakistan Wants Saudi Arabia To Be Third Partner In Trade Corridor

Pakistan wants Saudi Arabia to be a part of The China-Pakistan Economic Corridor, the flagship project of the multi-billion dollar Belt and Road Initiative. Saudi Arabia will be the third "strategic partner" of the $50 billion China-Pakistan Economic Corridor (CPEC), a senior Pakistani minister announced on Thursday, soon after Prime Minister Imran Khan returned 39

20 September, 2018 11:46 AM Narayana Health SRCC to increase bed count to 300 by FY20

Leading private sector hospital chain Narayana Hrudayalaya Thursday said it is planning to increase the bed count at its city paediatric hospital, SRCC Children's Hospital, to 300 by financial year 2019-20. "Post-Diwali, we will be adding more beds and are looking to increase the same to 300 beds by 2019-20," Narayana Health SRCC facility director Rupesh 31

20 September, 2018 11:25 AM SAIL's modernisation, expansion programme near completion: CMD

State-owned steel maker SAIL has almost completed its around Rs 72,000 crore modernisation and expansion programme, a top company official said Thursday. SAIL had undertaken the modernisation and expansion programme to increase its capacity to 21 million tonnes per annum (MTPA). The financial year 2017-18 witnessed several landmark achievements through 28

20 September, 2018 8:09 AM Refiners will pay for Iran oil in rupees after US sanctions kick in: Report

India wants to secure a waiver for imports from the US, which is why it has significantly reduced its oil purchase from Iran after the ties between the two countries soured As petroleum-related sanctions on Iran come into effect from November 4, Indian refiners will pay for oil in Indian currency using UCO Bank and IDBI Bank, according to a report 36

20 September, 2018 6:17 AM OMCs ask Air India to pay for jet fuel daily or face supply cut: Report

The recent increase in jet fuel prices has further worsened the situation for the airline, a senior Air India official said Oil marketing companies (OMCs) have asked Air India to start paying for jet fuel on a daily basis or face a supply cut as the national carrier’s dues to oil companies have crossed Rs 5,000 crore, The Economic Times reported 43

18 September, 2018 5:46 PM Month After Kerala Floods, Over 2000 People Still In Relief Camps

Even a month after Kerala witnessed an unprecedented deluge, said to be the worst in the last 100 years, at least 2,500 persons are still in relief camps in the state. Presently, there are 80 relief camps in the state, in which 787 families, comprising 2,457 people, have taken shelter. Thrissur district has the maximum camps at 45 with 1,348 people 52

18 September, 2018 2:51 PM State Bank of India to install solar panels over 10,000 ATMs in 2 years

In a step towards becoming carbon neutral, country's largest lender State Bank of India (SBI) is looking to install solar panels over around 10,000 ATMs across the country in the next two years, a senior official said. Currently, nearly 1,200 of the bank's ATMs are running on solar power. "We are going to take this number to up to 10,000 ATMs in the next two years 39

18 September, 2018 12:47 PM Infosys Ordered to Pay Former CFO Rajiv Bansal Rs. 12 Crores

The arbitral tribunal ordered Infosys to pay its former Chief Financial Officer (CFO) Rajiv Bansal Rs 12.17 crore with interest as part of the severance amount, the IT major said on Tuesday. "Infosys is required to pay Bansal the outstanding amount of Rs. 12.17 crore with interest," said the city-based company in a regulatory filing on the BSE. Bansal 60

18 September, 2018 6:53 AM Infosys down 1% after company loses arbitration, to pay Rs 12.17cr to former CFO

Infosys is required to pay to Bansal the outstanding severance amount of Rs 12.17 crore with interest. Shares of Infosys were down 1 percent intraday Tuesday after company lost arbitration award to its former chief financial officer (CFO) Rajiv Bansal. The arbitral tribunal has communicated its decision in the arbitration proceedings in relation to the severance 58

18 September, 2018 4:42 AM SBI to sell 8 NPAs to recover dues worth over Rs 3,900 cr

The country's largest lender State Bank of India will sell eight non-performing assets to recover dues worth over Rs 3,900 crore and has invited bids from asset reconstruction companies (ARCs) and financial institutions (FIs). "In terms of the bank's revised policy on sale of financial assets in line with the regulatory guidelines, we place these accounts 32