finance

A woman is Punjab's new finance minister Chandigarh, Oct 20 : Less than a week after Manpreet Singh Badal was sacked as the finance minister of Punjab, Chief Minister Parkash Singh Badal Wednesday named a woman, Upinderjit Kaur, to the post. Kaur, who is over 70, is presently the education...

The civil aviation sector in Punjab appeared all set for a take off as the Centre on Friday agreed to accelerate clearances for Mohali International Airport. Also, it considered the state s plea for allowing civil terminals at Adampur and Bhisiana (Bathinda) airports and support the state s...

ICICI Prudential Life Insurance on Monday said its policy holders in Punjab can now pay their first and renewal premiums in cash at about 840 post offices in the state. The private sector insurer has entered into a strategic tie-up with the Indian Post to this effect. The company initiated...

Alcome Perfumes and Cosmetics PLC, the Indian subsidiary of Alcome Perfumes and Cosmetics LLC, USA, debuted in the Indian market. For sales, the company has selected Punjab to develop a network of franchisees and direct selling agents. We have earmarked a budget of about Rs 100 crore for...

Ludhiana-based garment manufacturer Oracle plans to open exclusive brand outlets (EBOs), to market its new range across Punjab. The company specializes in manufacturing jackets, coats and pullovers for both men and women. In an interaction with FE, Sanjeev Singla, MD,Oracle said that about 10...

Getting favourable response from leading healthcare companies for the upcoming Punjab Institute of Medical Sciences at Jalandhar, Punjab government intends to open the doors further for private investment in healthcare by allowing private sector to set up super specialty centers at existing...

The Punjab State Tubewell Corporation Limited, that was under constant threat of being wound up, is finally out of the list of public sector undertakings being closed down or disinvested in Punjab. According to sources, the Punjab government has decided to infuse new life in to PSTCL. As a first...

Even as the buzz goes around that the Punjab government is considering winding up the public sector Punjab State Industrial Development Corporation (PSIDC), questions are being raised about the crores in oustandings that were doled out to industrial units allegedly owned by close relatives of...

In a significant decision, Punjab government has approved two projects of Rs 3,225 crore for modernisation and up gradation of the existing power transmission and distribution system in Ludhiana, Amritsar, Jalandhar, Bathinda, Mohali and Patiala. Punjab chief minister Parkash Singh Badal took a...

The dream project of Punjab governmnet to make the state power surplus by allocating Rs 12,948 crore of a total of Rs 37,314 crore during 2007-2012 Plan to the sector might never see the light of the day as the state might fail to stick to its deadline of December 9 for unbundling of Punjab...

The imposition of entry tax by Punjab government on certain items, which has been made effective from November 21, has left the industry in confusion and even forced it to resist its implementation tooth and nail, industry experts say. Last month, the state government had announced the...

Punjab won the second prize at the India International Trade Fair 2007 at Pargati Maidan, New Delhi. While disclosing this here on Tuesday, media advisor to the chief minister Harcharan Bains said that the jury, constituted by India Trade Promotion Organisation, has made the declaration of the...

The Punjab government would soon formulate a health care policy to cater to the needs of the poor patients who cannot afford treatment for deadly and incurable diseases like Cancer and AIDS. The new policy would entitle 25% of the economically disadvantaged patients free treatment in private and...

The Punjab government, whose new industrial policy is being framed by international agency, Unido, has decided to delink agro processing units from the purview of the proposed industrial policy and come up with a separate agro industrial policy. The decision follows a recent meeting between...

Pakistan **Punjab Chief Minister, Pervaiz Elahi, has said that the Punjab government would establish 'Punjab Internet City' at a cost of Rs 1.28 billion (US$21 million) near Kala Shah Kaku where local and foreign IT companies would be provided land to enhance direct foreign investment...

In a major move that is certain to boost investors sentiments, the Punjab government s empowered committee on mega projects, under the chairmanship of chief minister Parkash Singh Badal, on Tuesday cleared industrial projects worth Rs 1,345 crore. Disclosing this, a spokesman of the Punjab...

Vodafone Essar has come out as the fastest growing telecom provider in the last year-and-a-half in one of the fastest growing telecom GSM subscriber market in Punjab. The company has notched a growth of 127% in its subscriber base during March 2006 and September 2007 followed by Bharti Airtel...

The Punjab government on Thursday issued guidelines for clearing mega projects, hotels and agro-processing and housing schemes. Manoranjan Kalia, industries and commerce minister Punjab, said that the investors can submit their applications on prescribed format for industrial park...

Punjab government has failed to bring out the promised White Paper on economy seven months ago. With no White Paper on economy, confusion prevails about the state of the economy as the chief minister Parkash Singh Badal and the finance minister view differently most of the economic issues. The...

Banking / finance **Centurion Bank of Punjab (CBoP) (BSE:532273) on Monday denied that the bank is a candidate for takeover by another private sector bank ING Vysya Bank by terming the reports in a section of media to this effect as incorrect. More...