Author: Lakeland Staff Writer

Petcoke ban, an opportunity for Coal India

While a ban on petcoke and furnace oil to power up industries in Rajasthan, Uttar Pradesh and Haryana is a concern for cement manufacturers, it is a blessing in disguise for Coal India, the country’s largest coal producer. It comes at a time fuel costs are on the rise, and will see a further increase with petcoke being banned. Since […]

Tata Equity P/E Fund: Outperformer in rallying markets

Tata Equity P/E Fund: Outperformer in rallying markets

.story-content span,.story-content p,.story-content div{ color: #000 !important; font-family: ‘open sans‘, Arial !important; font-size: 15px !important; } span.p-content div[id^=div-gpt] { line-height: 0px; font-size: 0px;} Launched in June 2004, is classified under the diversified equity category of CRISIL Mutual Fund Ranking. It has featured in the top 30 percentile (CRISIL Fund Rank 1 or 2) in the past six consecutive quarters ended […]

LIC may get Irdai breather on 15% investment cap in public sector banks

The Insurance Regulatory and Development Authority of India (Irdai) is open to allowing the Life Insurance Corporation of India (LIC) to increase its stake beyond the 15 per cent ceiling in public sector banks (PSBs). The move is to give a boost to the government’s recapitalisation plan, an initiative to help banks tackle bad loan woes and revive growth. The […]

SBI pushes for digital to improve cost efficiency

SBI pushes for digital to improve cost efficiency

.story-content span,.story-content p,.story-content div{ color: #000 !important; font-family: ‘open sans‘, Arial !important; font-size: 15px !important; } span.p-content div[id^=div-gpt] { line-height: 0px; font-size: 0px;} Public lender State Bank of India (SBI) is taking the digital route for both customer interface and back-end processes to improve its cost efficiency.  Chairman said the lender’s digital initiatives have twin objectives —offering a new and […]

CEZs on shaky ground

The government has taken the first step in its ambitious Sagarmala project of creating 14 coastal economic zones (CEZs) by approving the enclave for the Jawaharlal Nehru Port Trust in Maharashtra. Reports suggest that 45 companies from the telecom, technology, and automobile industries are expected to bid for 200 hectares, or 2 sq km. The zone expects to attract investment […]