User: anshuman Topic: Mining
Category: Mining
Last updated: May 02 2016 05:17 IST RSS 2.0
 
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ICICI Bank Q4 net tanks 76% 29.4.2016 deccanherald.com
India's largest private bank ICICI Bank has reported a 75.97% decline in net profit for the fourth quarter ended March 2016 at Rs 701.89 crore, compared with Rs 2,922 crore in the comparable quarter. The big dip in profitability was on account of one-time collective contingency and related reserve to the tune of Rs 3,600 crore. During the quarter, the banks provisions also increased to Rs 3,326.21 crore, compared with Rs 1,344.73 crore in Q4FY15. "The weak global economic environment, the sharp downturn in the commodity cycle and the gradual nature of the domestic economic recovery has adversely impacted the borrowers in certain sectors like iron and steel, mining, power, rigs and cement. While the banks are working towards resolution of stress on certain borrowers in these sectors, it may take some time for solutions to be worked out, given the weak operating and recovery environment," ICICI Bank said. In view of the above, the bank on a prudent basis made a collective contingency and related reserve ...
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Kisan Manch praises Nitish, seeks ban on liquor in UP 29.4.2016 TOI: Lucknow Times
Seeking a blanket ban on liquor and alcohol in Uttar Pradesh, the Kisan Manch on Thursday said that they support the similar move initiated by the government of Nitish Kumar in Bihar.
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Caterpillar keen to build India presence 29.4.2016 HBL: Home
Will continue to expand product lines for local market and exports too
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Tata Power digs original plan, now keen on shore-based power plant 29.4.2016 Latest News
It aims to use imported coal to meet its requirement.
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ICICI Bank's dim view of bad loans drives quarterly profit to decade low 29.4.2016 Sify Finance
By Devidutta Tripathy and Himank Sharma
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Goa Lokayukta to take ahead probe in illegal mining cases 29.4.2016 Hindu: Home
Cases will be taken up from where the body discontinued hearings due to the resignation of its former head.
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ICICI net plunges 87% to over 11-yr low as NPA provision soars 29.4.2016 Hindu: Home
ICICI Bank on Friday reported its worst numbers in over a decade with consolidated net profit plunging 87 per cent in the March quarter at Rs 406.71 crore due to a spike in provisioning for bad loans...
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ICICI Bank's Quarterly Profit Plunges to Lowest Since 2006 29.4.2016 newindianexpress.com
ICICI Bank, India's largest private sector lender by assets, its quarterly profit plunged three-fourths to the lowest.
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'File cases against illegal mining mafia' 29.4.2016 TOI: Jaipur
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ICICI Bank fourth quarter numbers decline 76% on special provisioning 29.4.2016 DNA: Money
One of the leading banks in India, ICICI Bank posted its fourth quarter numbers at a decline of 76%. This decline was on account of special provisioning of Rs 3,600 crore which was made as it expected stress, says an NDTV Profit report. The bank, in a release to the BSE, said: “the weak global economic environment, the sharp downturn in the commodity cycle and the gradual nature of the domestic economic recovery has adversely impacted the borrowers in certain sectors like iron and steel, mining, power, rigs and cement... In view of the above, the Bank has on a prudent basis made a collective contingency and related reserve of Rs 3,600 crore during Q4.” The bank also said that the provisions were made for non-performing and restructured loans as per Reserve Bank of India guidelines. ICICI Bank reported a net profit of Rs 701.89 crore, against Rs 2,922 crore in the same quarter a year ago. The bank posted a revenue of Rs 13,481.93 crore. The net interest income (NII) for the bank rose 6% to Rs 5,404 crore ...
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NGT seeks reply on illegal sand mining 29.4.2016 TOI: All Headlines
NGT seeks reply on illegal sand mining
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‘Safety of public in mining areas top priority’ 29.4.2016 TOI: Goa
The South Goa district collector, Sachin Shinde, and the director of mines and geology, Prasanna Acharya on Thursday, at a meeting held with protestors demanding a dedicated mining corridor at the office of the deputy collector, Quepem, expressed their sincerity, commitment and determination
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Mining imbroglio exposes ‘secret deals’ 29.4.2016 TOI: Goa
The dealing between mining activists, a mining company and politicians has come to the fore with the slugfest over the ongoing issue of alleged illegal ore transportation.
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Mines dept is suppressing information: Congress 29.4.2016 TOI: Goa
Congress has alleged that the directorate of mines and geology, and office of secretary mines are trying to suppress information sought under the Right to Information Act.
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ಸಿದ್ದರಾಮಯ್ಯ ವಿರುದ್ಧ ಎಸಿಬಿಗೆ ಮತ್ತೊಂದು ದೂರು 29.4.2016 Thats Kannada
ಬೆಂಗಳೂರು, ಏಪ್ರಿಲ್ 29 : ಗಣಿ ಕಂಪನಿಗಳ ಪರವಾನಗಿ ನವೀಕರಣ ಮಾಡಿ 500 ಕೋಟಿ ರೂ. ಭ್ರಷ್ಟಾಚಾರ ನಡೆಸಿದ್ದಾರೆ ಎಂದು ಸಿದ್ದರಾಮಯ್ಯ ವಿರುದ್ಧ ಎಸಿಬಿಗೆ ದೂರು ದಾಖಲಾಗಿದೆ. ಭ್ರಷ್ಟಾಚಾರ ನಿಗ್ರಹದಳ (ಎಸಿಬಿ)ಕ್ಕೆ ಸಿದ್ದರಾಮಯ್ಯ ವಿರುದ್ಧ ಸಲ್ಲಿಕೆಯಾಗಿರುವ 5ನೇ ದೂರು ಇದಾಗಿದೆ. ಮಾಹಿತಿ ಹಕ್ಕು ಕಾರ್ಯಕರ್ತ ರಾಮಮೂರ್ತಿ ಗೌಡ ಅವರು ಎಸಿಬಿಗೆ ದೂರು ದಾಖಲು ಮಾಡಿದ್ದಾರೆ. ಅಕ್ರಮ ಗಣಿಗಾರಿಕೆ
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ACB gets 4th plaint against CM, this time over mining licence 29.4.2016 TOI: Bangalore Times
The recently formed Anti-Corruption Bureau (ACB) seems to be becoming a tool for some to settle political scores. It has so far received four complaints against chief minister Siddaramaiah and one against BJP state president BS Yeddyurappa. The fourth complaint against the CM pertained to grant of mining licence.
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India Offers $100 Million Credit Line to Papua New Guinea 29.4.2016 newindianexpress.com
With a population of 7.1 million, PNG is the largest Pacific Island nation, both in terms of the population and area.
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Locals Point Fingers at Mining Mafia 29.4.2016 newindianexpress.com
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Miners plunder 'Ramayana' heritage in MP 29.4.2016 TOI: Home
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Anglo American sells Brazilian ops for $1.5bn 28.4.2016 TOI: Intl Business
London, April 28, 2016 (AFP) -Global mining titan Anglo American on Thursday announced the sale of its Brazilian phosphate and niobium mining assets for $1.5 billion (1.9 billion euros) as part of an ongoing restructuring. China Molybdenum Co.
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