Browsing category

Business

HDFC Bank Gets Cabinet Nod For Rs. 24,000 Crore FDI

New Delhi: The Union cabinet headed by Prime Minister Narendra Modi has approved the proposal of HDFC Bank to raise additional capital of Rs 24,000 crore by selling equity to foreign investors to fund its business growth. The additional capital includes premium over and above the previous approved limit of Rs 10,000 crore, according to […]

Dharmendra Pradhan inaugurates 2 CNG Gas stations in Cuttack

KalingaTV News Network Cuttack: In yet another significant development of the Pradhan Mantri Urja Ganga Yojana, Union Petroleum and Natural Gas Minister Dharmendra Pradhan inaugurated two Compressed Natural Gas (CNG) station here in Odisha on Saturday. The CNG stations, located at CDA Sector 1 and Bidyadharpur in the city, would provide the cheaper, environment-friendly and […]

RBI hikes Repo Rate by 25 basis points to 6.25%

KalingaTV News Network Mumbai: The Reserve Bank of India (RBI) on Wednesday in its second bi-monthly Monetary Policy of 2018-19 hiked the Repo Rate under the Liquidity Adjustment Facility by 25 basis points from 6 per cent to 6.25 per cent. The repo (or repurchase) rate is the rate of interest which the RBI charges […]

Economic blockade on NH 353 in Odisha

KalingaTV News Network Nuapada: The vehicular traffic on NH 353 crippled from the district headquarter to Boden in Odisha as the protestors had staged a 24-hour economic blockade on Tuesday to press their demand for expediting the repair work of the NH. The economic road blockade protest was called by Nagarika Sachetan Manch. Hundreds of […]

2-Day Bank Strike may affect transactions worth Rs 20,000 Cr: Assocham

KalingaTV News Network New Delhi: The Associated Chambers of Commerce and Industry of India (Assocham) on Thursday said the two-day nationwide bank strike may affect customer transactions worth up to Rs. 20,000 crore urging the United Forum of Bank Unions (UFBU) to call off the strike. The Industry chamber also urged the Union Government to […]

Petrol, Diesel price cut revised to 1 paisa a litre

KalingaTV News Network New Delhi: The reduction in petrol and diesel prices was on Wednesday revised to just 1 paisa a litre each, with oil companies blaming clerical error for previously announcing a cut of up to 60 paise. The oil companies this morning announced reduction in petrol price by 60 paise a litre and […]

2-Day Bank Strike: 40,000 Bank Employees take part in Odisha

KalingaTV News Network Bhubaneswar: Around 40, 000 bank employees of 21 public sector banks, including State Bank of India (SBI), across Odisha are taking part in two-day nation-wide strike to press their demand for wage revision. The strike, starting from today, has been called by all unions under the umbrella of United Forum of Bank […]

Dharmendra Pradhan urges Odisha Govt to cut VAT on Petrol, Diesel

KalingaTV News Network Bhubaneswar: As the ruling BJD and opposition Congress in the state announced to intensify state-wide protest against unprecedented rising of fuel prices by the BJP-led Government at the Centre, Petroleum and Natural Gas Minister Dharmendra Pradhan once again appealed the Odisha Government to reduce VAT on petrol and diesel. Addressing a press […]

Congress observes 2-hour Petrol Pump Bandh in Cuttack

KalingaTV News Network Cuttack: The Opposition Congress on Thursday called a 2-hour bandh of all Petrol Pumps here in Odisha protesting the recent rising prices of diesel and petrol by the Narendra Modi Government. All the 17 fuel stations in the city were remained closed from 10 AM to 12 noon. Hundreds of Congress activists […]

IMFA founder Bansidhar Panda passes away

KalingaTV News Network Bhubaneswar: Eminent Industrialist of Odisha, Bansidhar Panda passed away at his residence here on Tuesday. He was 87. Panda founded the Indian Metals & Ferro Alloys Ltd (IMFA), India’s largest fully integrated producer of ferro alloys, in 1961. Chief Minister Naveen Patnaik, PCC President Niranjan Pattnaik, BJP Odisha unit President Basant Panda […]