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<\/a><\/p>\nINDUSTRIAL UPDATE<\/strong><\/span><\/h1>\nNEW DELHI<\/strong>:<\/span> Railways will formulate a comprehensive energy efficiency plan to reduce energy bill by Rs 5,000 cr in the next five years.<\/p>\n“Energy bill is the second largest in railways after salary and pension. So we have to use the energy in as such a way so as to optimize the cost,” Railway Minister Suresh Prabhu said here today.<\/p>\n
While the diesel bill is about Rs 22,000 crore, the electricity cost is about Rs 12,500 crore a year in railways.<\/p>\n
Our approach at this point would be bottom-up investing. But if I have to name a few sectors and themes, I would say automobiles, consumer plays (not staples), auto ancillaries, ports and defence would be a few of them.<\/p>\n
After rallying over 15% in last one year, will midcaps outshine large caps this Sam vat? There could be a moderate outperformance as far as the midcap index is concerned, but it would be accompanied by high volatility.<\/p>\n
NEW DELHI<\/strong>:<\/span> Air India will report an operating profit in the current fiscal, primarily benefiting from low crude prices and improved operational efficiency, the government said today.<\/p>\nThe loss-making national carrier, surviving on a Rs 30,000 crore bailout package, is implementing a turnaround plan.<\/p>\n
“Air India is going to report operating profit in this financial year (ending March 31, 2016) and is expected to be Rs 6 crore,” Civil Aviation Secretary R N Choubey<\/p>\n
KOCHI<\/strong>:<\/span> A day after the Union Cabinet unveiled a scheme to rescue almost bankrupt state electricity retailers, Union Power Minister Piyush Goyal today said Ujjwal Discom Assurance Yojana (UDAY) will help in a big way in wiping out the losses of discoms by 2019.<\/p>\nInaugurating the conference of Power, Renewable Energy & Mines Ministers of State and Union Territories here, he said “a clear roadmap has been drawn to solve the present crisis of discoms.”<\/p>\n
MUMBAI<\/strong>:<\/span> Reserve Bank today allowed state co-operative banks (StCBs) and district central co-operative banks (DCCBs) to offer internet banking with “view only” facility.<\/p>\nAt present, urban cooperative banks (UCBs) that meet certain criteria are permitted to provide internet banking with transactional facility to their customers with prior approval of the RBI<\/a>.<\/p>\nThe content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.<\/p>\n
“Energy bill is the second largest in railways after salary and pension. So we have to use the energy in as such a way so as to optimize the cost,” Railway Minister Suresh Prabhu said here today.<\/p>\n
While the diesel bill is about Rs 22,000 crore, the electricity cost is about Rs 12,500 crore a year in railways.<\/p>\n
Our approach at this point would be bottom-up investing. But if I have to name a few sectors and themes, I would say automobiles, consumer plays (not staples), auto ancillaries, ports and defence would be a few of them.<\/p>\n
After rallying over 15% in last one year, will midcaps outshine large caps this Sam vat? There could be a moderate outperformance as far as the midcap index is concerned, but it would be accompanied by high volatility.<\/p>\n
NEW DELHI<\/strong>:<\/span> Air India will report an operating profit in the current fiscal, primarily benefiting from low crude prices and improved operational efficiency, the government said today.<\/p>\n The loss-making national carrier, surviving on a Rs 30,000 crore bailout package, is implementing a turnaround plan.<\/p>\n “Air India is going to report operating profit in this financial year (ending March 31, 2016) and is expected to be Rs 6 crore,” Civil Aviation Secretary R N Choubey<\/p>\n KOCHI<\/strong>:<\/span> A day after the Union Cabinet unveiled a scheme to rescue almost bankrupt state electricity retailers, Union Power Minister Piyush Goyal today said Ujjwal Discom Assurance Yojana (UDAY) will help in a big way in wiping out the losses of discoms by 2019.<\/p>\n Inaugurating the conference of Power, Renewable Energy & Mines Ministers of State and Union Territories here, he said “a clear roadmap has been drawn to solve the present crisis of discoms.”<\/p>\n MUMBAI<\/strong>:<\/span> Reserve Bank today allowed state co-operative banks (StCBs) and district central co-operative banks (DCCBs) to offer internet banking with “view only” facility.<\/p>\n At present, urban cooperative banks (UCBs) that meet certain criteria are permitted to provide internet banking with transactional facility to their customers with prior approval of the RBI<\/a>.<\/p>\n The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.<\/p>\n