Corporate

KSRTC) Biju Prabhakar on Saturday levelled a series of allegations against a section of employees of the corporation. He alleged financial irregularities to the tune of Rs 100 crore had taken place during 2012-15. Speaking to reporters, he said certain employees were allegedly involved in pilfering diesel from the depots and tampering with ticket-vending machines. Prabhakar, a senior IAS officer, further said there was corruption in the local purchase of spare parts for the vehicles of the corporation. "There are 28,114 employees, some of whom skip duty after registering attendance. There are many engaged in ginger, coffee cultivation, some in private tutoring. However, we do not intend to dismiss anyone instead they will be re-assigned," he said. He said those opposing the purchase of CNG buses for the corporation were engaged in looting diesel. "An internal audit of the corporation found misappropriation of around Rs 100 crore during the 2012-15 and action will be taken against the … [Read more...] about Kerala transport corporation MD alleges Rs 100-crore scam

Big banks JPMorgan Chase (JPM), Wells Fargo (WFC) and Citigroup (C) reported results Friday that showed there are still concerns about the pandemic's impact on consumer and small business behavior. Delta (DAL) also reported a record loss last week as coronavirus ground travel to a halt. … [Read more...] about Corporate earnings don’t look great. But the drought may be over soon

As a leading food and beverage producer, URC’s operations are bound to be heavily reliant on materials and produce waste. What initiatives have you launched to tackle this? Putting sustainability at the core of our business, we are fully aware of our responsibility to care for the environment and society while growing our business. For several years now, we have been implementing initiatives to improve the efficiency of water, energy, and waste management. All URC factories have reverse osmosis systems and reuse the water cleaned by it, as well as utilise clean energy such as compressed natural gas and biomass energy to protect the environment. Besides that, industrial waste is treated by contractors for recycling and is used as raw materials to produce pavement bricks and fertiliser, among others. Our facilities are certified with ISO 14001:2015 – an industry-leading accreditation for environmental management systems. … [Read more...] about URC Vietnam accelerates green turn

According to the Decree No.65/2018/ND-CP issued in 2018 on guiding the implementation of the Law on the Railway Law 2017, around 54 locomotives and 705 carriages must be replaced since January 1; 24 locomotives and 44 wagons will not be operational starting on January 1,2021. … [Read more...] about Project of upgraded, newly-built railway carriages needs VND6,800 billion

BENGALURU (India) (Sputnik) – Indian customers are showing interest in the Russian PD-14 engines that could be used as the basis for the development of a family of engines for aircraft of various classes, a spokesperson for the United Engine Corporation (UEC) told Sputnik on Tuesday. "UEC is ready to offer to Indian partners cooperation on the development of engines for various classes of aircraft on the basis of the PD-14 engine. A number of Indian customers have already expressed interest in the PD-14," the spokesperson said. … [Read more...] about Indian Customers Interested in Purchase of Russia’s PD-14 Aircraft Engines