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IRFC and IRCTC receive Navratna CPSE status

Indian Railway Finance Corporation (IRFC) and Indian Railway Catering and Tourism Corporation (IRCTC) will now be a Navratna Central Public Sector Enterprise, Finance Ministry announced on Monday. The status provides more financial autonomy to entities. “The Government has approved the upgradation of Indian Railway Finance Corporation (IRFC) to Navratna CPSE, making it the 26th Navratna among CPSEs,”...
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NBFCs’ concentrated exposures to power and infra sectors could trigger systemic issues, cautions IMF

Non-Banking Finance Companies’ (NBFCs) concentrated exposures, especially to the power and infrastructure sectors—the cause behind the 2016 bank distress—could trigger systemic issues through their linkages with banks, corporate bond markets, and mutual funds, cautioned the International Monetary Fund (IMF) in its latest Financial Sector Assessment Programme (FSAP) for India. The FSAP recommended that financial stability...
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Bank of India opens 111 branches

Bank of India (BOI) has opened 111 branches, taking its pan-India network to 5,301. Rajneesh Karnatak, Managing Director & Chief Executive Officer, said “This expansion strengthens our presence in key urban and semi-urban centres, bringing banking services closer to our customers. “By increasing our branch network, we aim to enhance accessibility, improve customer convenience, and...
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Hydropower Projects With A 3,014 MW Capacity To Boost J&K’s Energy Security: LG Sinha

Jammu, Mar 4 (KNN) The Omar Abdullah-led government will seek the Centre’s support to fully harness the energy potential of Jammu and Kashmir, Lieutenant Governor Manoj Sinha stated on Monday.  Addressing the Assembly during the Budget session, Sinha highlighted the region’s abundant water resources, which remain underutilised.  He emphasised the government’s commitment to leveraging these...
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J&K’s Industrial Growth Accelerates With Rs 28,400 Cr Investment Scheme: LG Sinha

Jammu, Mar 4 (KNN) Lieutenant Governor Manoj Sinha has reported substantial economic growth in Jammu and Kashmir in recent years, highlighting record tourist numbers in 2024 as a key indicator of the region’s improving economic landscape.  According to Sinha, the territory has experienced significant advancement in industrial development and investment activities, positioning J&K on a...
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Tern AI’s low-cost GPS alternative actually works

We’ve all experienced that moment of frustration when the GPS glitches and you miss an exit on the highway. The team at Tern AI, which is building a low-cost GPS alternative, says that’s because the current technology is limited by its reliance on satellite positioning.  Tern AI says it has figured out how to locate...

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