Post IPO, Tamilnad Mercantile Bank to continue to focus on RAM segment: MD
“If you look into the nation as a whole, the CASA by and large comes from the eastern and north eastern part of the country. When we decide on the branch expansion, we will be factoring this as one of the key elements so that we can increase the CASA.”
Midcap story is the playpen of India which FPIs avoid: Ajay Srivastava
“The midcap story is the playpen for India where FPIs are not there..It has become a happy hunting ground for all investors. One need not worry about the largecaps at this point of time. There is enough action in spaces where FPIs are absent like hotel stock, power stocks, defence stocks and even consumer names. Four big sectors delivered very well for us.”
Rising expenses: Railway Board seeks to rein in spending on employee allowances, fuel, maintenance
Furthermore, it stated that zones such as the Eastern Railway (ER), Southern Railway (SR), North Eastern Railway (NER), and Northern Railway (NR) must control kilometre allowance (given to running staff who operate trains), while the South East Central Railway (SECR), East Central Railway (ECR), and East Coast Railway (ECOR) must reduce their expenditure on night duty allowance.
Decline in young population since 2011 causing decline in student enrolment, suggests NCERT study
The report said that enrolment is a function of population, so a decline in the child population in the age groups of 6-11, 11-14, and 14-16 years is reflected in the enrolment at each stage. The study considered NAS reports from 21 states where the population was more than 5 million in the 2011 Population Census of India, saying "there is much fluctuation in the data of the North Eastern states and some statistics are not available."
Paddy sowing down by 5.62pc so far this kharif season
There was a huge lag in paddy sowing in the states of Jharkhand (9.80 lakh ha), Madhya Pradesh (6.32 lakh ha), West Bengal (4.45 lakh ha), Chhattisgarh (3.91 lakh ha), Uttar Pradesh (2.61 lakh ha), and Bihar (2.18 lakh ha) so far this kharif season.
ArcelorMittal, Malaysia’s Petronas keen to pick stake in NTPC's renewable arm
NTPC proposes to raise Rs 2,000 crore equity through a private placement that would be followed by an initial public offering by the green energy arm. Indias NIIF and Abu Dhabi-listed TAQA are also in the race for a stake, a company official said. “We have received good response for our EoI. We will now firm up our offer and call bids from these bidders in a months time,” the official said.
Patanjali Foods lays foundation for oil palm mill in Arunachal Pradesh
Patanjali Foods Ltd, erstwhile Ruchi Soya Industries, on Wednesday said it has laid foundation stone for setting up oil palm mill in Arunachal Pradesh and will do cultivation in 3.2 lakh hectare area in the North-East states. Patanajali Foods said it plans to undertake large-scale cultivation of oil palm plantations on 5 lakh hectares in India, out of which 3.2 lakh hectare area will be in the North Eastern region.
IIM Shillong, two others sign MoU to advance human resource development in Mizoram
IIM Shillong as a Research and Policy Knowledge Partner by signing a Memorandum of Understanding with the Mizoram Youth Council (MYC), the Government of Mizoram, aims to support Mizoram's human resource development, assist the government of Mizoram and MYC in particular in identifying skill gaps, offer capacity-building programs for government employees, and support Mizoram's economic development by encouraging innovation and entrepreneurship in promising industries.
Godrej Agrovet signs MoUs with NE states for oil palm cultivation
Godrej Agrovet is the largest oil palm processor in India and works directly with the farmers for the entire lifecycle of their crop. The MoUs are in line with Godrej Agrovets long-term strategy to be the catalyst in Indias oil mission through sustainable growth of oil palm production and double farmers income.
Bodies of Myanmar PDF Commander's missing children found near Mizoram border
They were missing from the Hairual village along the India-Myanmar border. A senior official in the state government who does not want to be named told ET, “They were missing since Sunday. Lalnunpuii (17) and her younger brother Lalruatmawia (15) were siblings and children of
North-East Students Organisation to stage protests for scrapping of Citizenship Amendment Act
NESO Advisor, Samujjal Bhattacharjya stated, "NESO is going to stage a peaceful protest at all its state headquarters. The protest is pertaining to issues related to floods in Assam; the implementation of the Citizenship Amendment Act (CAA); and Clause 6 of the Assam Accord, 1985."
North-eastern states are facing an influx of nationals from Myanmar post military junta who took over the reins of power in the country. A senior police official who does not want to be named told ET, “On intelligence input the arrest was made on Tuesday night from Ngathal Village in Churachandpur district. They were staying in a house in a village.”
Assam looks to generate 2,000 MW solar power at investment of Rs 10,000 crore
The MoU was signed by the Managing Director APDCL Rakesh Kumar and Director Planning and Projects of NLC India Limited K. Mohan Reddy in presence of Chief Minister Himanta Biswa Sarma and Union Minister for Coal, Mines Pralhad Joshi in Guwahati.
North Eastern States to go to Thailand to explore the shared history and to promote people-to-people exchange, trade, and business
Indias North East has a long-standing relationship with Thailand. To celebrate the 75th year of Indias diplomatic relations with Thailand, the Second Edition of the North East India Festival will be organized on 30th and 31st July 2022 at Central World, Bangkok.
ICC-North East Initiative and NEDFi sign MoU to promote investment in the North East
The MOU was officially signed by Sarat Kumar Jain, Chairman, ICC Assam State Council and S.K. Baruah, Executive Director, North Eastern Development Finance Corporation Ltd (NEDFi) in presence of PVSLN Murty, CMD, NEDFI.
IMD Chief: Top food-producing states will see good rains now
Mrutyunjay Mohapatra said that while rainfall deficit in the eastern states of Uttar Pradesh, Bihar, Jharkhand and West Bengal is worrying, they are likely to receive good rainfall in the next few days, starting July 18.
Sowing of kharif crops picks up pace, acreage touch 27.872 million hectares till July 1
The acreage under kharif as on July 1 was 27.872 million hectares, up from 14.05 million hectares on June 24, reducing the drop in acreage to 5.3% from 24%, according to data from the agriculture ministry. In the current kharif season, sowing had been done on 27.872 million hectares till July 1 compared with 29.443 million hectares in the corresponding period last year.
Bakra Eid 2022: Railways to run special trains from Howrah to Gorakhpur
Expecting a large movement of passengers between West Bengal and Uttar Pradesh, the Indian Railways have decided to run special trains. Two trains will run between Howrah and Gorakhpur – 03021 and 03022.
Odisha tops state ranking for implementation of National Food Security Act
He said the ranking will lead to healthy competition among states under the NFSA, also known as the food law, under which the Centre provides highly subsidised foodgrains to nearly 80 crore people. The government provides 5kg foodgrains per person per month at Rs 1-3 per kg.
Corporate Radar: Mindtree, Mphasis to turn ex-dividend; PTC India earnings; stock splits & more
A board meeting of Sungold Media and Entertainment will take place today to consider the preferential issue of shares and the board of Bengal Steel Industries will meet to consider the voluntary delisting of shares.
Sarma said that in the present scenario, wherein the entire globe is on the look for healthy food, that are at par with the international standards of food safety and quality, free from any chemical residues and other contaminants; the North Eastern India can emerge as the major supplier of organic foods to the globe.
IIM-Shillong inks MoU with Manipur University to support areas of business management
This initiative is to support, business development and sustainable livelihood promotion, entrepreneurship and skill development of the students, business incubation centres, promotion of entrepreneurship, faculty development and training and joint research in the field of management science, social science and humanities in a mutually beneficial manner.
Railways to transport relief materials to flood hit NE states free of cost
The free transportation will be applicable for inter-state and intra-state aid and relief materials by parcel vans or second class, luggage cum guard van and goods trains, North East Frontier Railways spokesperson said.
Dangerous trend being set by BJP: TMC on Maharashtra crisis
“A very bad trend was set by the BJP since they came to power in 2014. There was a time when the central government used to dissolve the state assemblies, particularly in opposition ruled states. Now the trend is to manoeuvre the MLAs of the ruling party and try to set up a government of their choice,” Trinamool national spokesperson Sukhendu Sekhar Ray said.
4 lakh India Post employees to get training under Mission Karamyogi: MoS Telecom
The minister said major reforms have also been initiated in the Department of Posts (DoP) like launch of a joint parcel service wherein both India Post and Indian Railways have partnered to deliver the parcel to the door steps of the end user, parcel delivery through drone in Kutch Region of Gujarat etc, according to an official statement.
Coal India unit North Eastern Coalfields seeks clearances to operationalise 2 Assam mines in FY23
According to a senior official, once production starts from Tirap OCP (open cast project) of North Eastern Coalfields in Assam, the mine will add 0.6 million tonnes (MT) of coal supplies. He further said that the company is also in the process of getting clearances for Tikak OCP in the state which will produce 0.2 MT of coal.
India will not cede an inch of land to anyone: Defence Minister Rajnath Singh
The defence minister also said that the Russia-Ukraine conflict has shown that if war takes place in any part of the world, it will have to be fought between the parties engaged and no third country would get involved easily. The eastern Ladakh border standoff began in early May 2020 following violent clashes between Indian and Chinese troops in the Pangong Tso area. As a result of a series of military talks, the two sides completed the disengagement process last year on the north and south banks of the Pangong lake and in the Gogra area.
NERAMAC sets up target to register another 7 exotic Agri-Horti produces under Geographical Indication
NERMAC stated these commodities are Arunachal Orange, Mizo Chilli, Kachai Lemon, Tripura Queen Pineapple, Khasi Mandarin, Tezpur Litchi, Sikkim Large Cardamom, Karbi Anglong Ginger, Naga Tree Tomato, “CHAK-HAO” Black Rice, Memang Narang, Dalle Khursani, and Naga Sweet Cucumber.
PM Modi to lay foundation stone for Centre of Buddhist Culture and Heritage in Lumbini today
Also, on the occasion, the Ministry of Culture in collaboration with the International Buddhist Confederation (IBC)is hosting a colourful programme for the Vaishakha Buddha Purnima Divas celebrations in New Delhi. The highlight will be the screening of a film on Prime Minister Narendra Modi's foundation-stone laying ceremony, earlier in the day for the Centre for Buddhist Culture and Heritage at Lumbini, Nepal.