Business News

Kolkata, 27 Mar 2017/--/All India Gem and Jewellery Trade Federation (GJF) inaugurated the 5th Preferred Manufacturer of India (PMI) of the third edition, Regional Networking Meet today. The meet will be held till March 29. This programme will help jewellers & artisans of the region, which has...

Kolkata, 27 Mar 2017/--/Dr. Chandra, President, Customs, Excise, Service Tax Appellate Tribunal (CESTAT), in his address said,  that since GST would be totally internet based & system driven, all the communications to the assessees would be made by email. In India, where only 6% of population...

KOLKATA/COIMBATORE, 27 Mar 2017/--/Kovai Medical Center and Hospital (KMCH) launched the Asia’s First innovative new Mobile Stroke Unit (MSU) designed to bring time-critical stroke care to patients on the way to the hospital. This will be the world’s most comprehensive Mobile Stroke Unit that is...

Kolkata, 27 Mar 2017/--/Pramod Kumar Jena has taken over as the new Chief Commercial Manager of South Eastern Railway with effect from today.  Prior to this posting, he was working as Chief Traffic Manager, Metro Railway, Kolkata. Being an M.A. in Economics, Mr Jena joined in Indian Railway...

NEW DELHI, 27 Mar 2017/--/Finance Minister Arun Jaitley today introduced in Lok Sabha four bills on Goods and Services Tax, providing for a maximum GST rate of 40 per cent, an anti- profiteering authority and arrests for evading taxes. With this, rollout of GST - the biggest tax reform since...

Mumbai, 27 Mar 2017/--/The Reserve Bank is likely to opt for status quo despite the March 2017 inflation number being much below the targeted level at next month's policy review, analysts said today. "Although the CPI inflation is likely to significantly undershoot the March 2017 target, we do not...

NEW DELHI, 27 Mar 2017/--/The government today sanctioned 101 new cold chain projects being set up by firms like Big Basket, Amul and Haldiram entailing Rs 3,100 crore in investments -- a move aimed at reducing wastage of fruits and vegetables. Announcing this decision, Food Processing Minister...

Mumbai, 27 Mar 2017/--/Limited supply coupled with closure of certain malls resulted in a negative supply in retail space for the first time ever in 2016, a recent survey said. According to property consultant Jones Lang LaSalle (JLL), closure and change in usage of failed malls, limited new...

NEW DELHI, 27 Mar 2017/--/Metro Cash & Carry India has appointed Udaiy Khanna as the director and head of human resources. Khanna was formerly associated with Samsung Electronics India as vice-president and head of human resources. "Metro India is poised for continuous expansion in the coming...

Mumbai, 27 Mar 2017/--/The Sajjan Jindal family is investing Rs 1,000 crore to build two factories to foray into the Asian Paints-dominated paints segment and is targeting an April 2018 launch, a senior official has said. "We are planning to launch in April of next year. We have one factory coming...

Mumbai, 27 Mar 2017/--/Media and communications agency Maxus, part of Group M, today said it has bagged the media mandate of diversified group ITC, following a multi-agency pitch. Headquartered in Kolkata, ITC's diversified business includes fast-moving consumer goods (FMCG), hotels, paperboards...

Mumbai, 27 Mar 2017/--/Tata AIA Life Insurance (Tata AIA Life) today said it has joined hands with TTSL (Tata Teleservices) to launch m-Insurance, which will also bring the economically weaker sections under the insurance cover. M-Insurance provides life insurance cover of up to Rs 1,00,000 for...

Bhubaneswar, 27 Mar 2017/--/Odisha today became the first state in the country to carry financial inclusion and extend banking services to unbanked areas through Self Help Groups (SHGs). The state government signed an agreement with State Bank of India in this regard. "This is a historic agreement...

Chandigarh, 27 Mar 2017/--/The Punjab cabinet today decided to take up on a priority basis the matter of settlement of legacy accounts regarding the pending cash credit limit (CCL) with the Centre, RBI and SBI. A decision to this effect was taken here at a cabinet meeting chaired by Chief Minister...

NEW DELHI, 27 Mar 2017/--/Infrastructure conglomerate Adani Group has joined Global Energy Interconnection Development and Cooperation Organisation (GEIDCO) as a member, which is a non-governmental body dedicated to promoting sustainable development of energy worldwide. The group claimed that it is...

Mumbai, 27 Mar 2017/--/Pharma firm Dr Reddy's Laboratories Limited and Nasdaq-listed Integra LifeSciences Holdings Corporation today announced an exclusive distribution agreement to market and distribute dural regeneration matrices for use in patients in India. Under the agreement, Dr Reddy's will...

NEW DELHI, 26 Mar 2017/--/Why was not the conversion of old currency notes allowed till March 31, 2017 for Indians as assured by Prime Minister Narendra Modi in his speech on November 8 announcing demonetisation? The Reserve Bank of India (RBI) has refused to answer the question under the Right to...

NEW DELHI, 26 Mar 2017/--/All existing subscribers of mobile services will have to go for Aadhaar-based re-verification soon, with the government instructing telecom operators to initiate the process. Cellular operators' body COAI said its members may meet this week to discuss the modalities of...

NEW DELHI, 26 Mar 2017/--/The Comptroller and Auditor General of India (CAG) plans to audit the impact of note ban and the affect it has had on government tax revenues, said CAG Shashi Kant Sharma. In an interview to PTI, he said the auditor is gearing up to audit tax revenues under the new Goods...

NEW DELHI, 26 Mar 2017/--/Asking the people to take the fight against black money and graft to the "next level", Prime Minister Narendra Modi Sunday urged them to use less cash in their daily lives and continue to support the movement towards digital payments started after the note ban. In his...

NEW DELHI, 26 Mar 2017/--/Car, motorcycle and health insurance will cost more from April 1 with regulator Irdai giving go-ahead to insurers for revision in commission for agents. The change in premium after modification will be limited to +/- 5 per cent of the existing rates. The increase will be...

NEW DELHI, 26 Mar 2017/--/The Union government is likely to table supplementary goods and services tax legislations in Parliament on Monday. Sources said C-GST, I-GST, UT-GST and the compensation law are likely to be introduced in the Lok Sabha on Monday and could be taken up for discussion as...

NEW DELHI, 26 Mar 2017/--/Private charter firms Deccan Charter and Air Odisha together are learnt to have bagged around 50 regional air routes to propel the government's ambitious regional connectivity scheme, UDAN. The process of selection of the routes and the operators is nearly complete and...

NEW DELHI, 26 Mar 2017/--/India has become the third largest aviation market in terms of domestic passenger traffic, beating Japan, an industry report has said. India's domestic air passenger traffic stood at 100 million in 2016 and was behind only the US (719 million) and China (436 million),...

NEW DELHI, 26 Mar 2017/--/The Supreme Court has asked automobile companies not to frustrate the government's initiative to check increasing levels of pollution by selling BS-III vehicles which they are holding in stock. The apex court, which was hearing pleas of automobile manufacturers seeking...