Business News

NEW DELHI, 10 Feb 2019/--/Tata group firm Voltas Sunday said it will invest over Rs 500 crore to set up a manufacturing facility in Tirupati, Andhra Pradesh.  "This facility will initially manufacture and assemble air conditioners and related cooling products with a total capacity of more than 1...

Aizawl, 10 Feb 2019/--/After the withdrawal of flights to Guwahati and Delhi from here by Jet Airways, Mizoram now has direct air link with Kolkata only, officials said Sunday. The Saturday Jet Airways Aizawl-Guwahati flight was the last one to take off from Lengpui Airport here as the airline has...

NEW DELHI, 10 Feb 2019/--/IDFC on Saturday reported an 11-fold jump in net profit for the December quarter at Rs 26.28 crore, mainly due to a tax adjustment. The company's standalone net profit stood at Rs 2.40 crore in the quarter ended December 31, 2017, it said in a statement. The company's...

NEW DELHI, 10 Feb 2019/--/India is unlikely to achieve its target of 100 gigawatt (GW) solar electricity capacity as it faces short-term uncertainty due to imposition of various taxes, research and consultancy firm Wood Mackenzie said. India's installed grid-connected power generation capacity...

NEW DELHI, 10 Feb 2019/--/Trai said Friday its regulation does not stop operators from offering discounts or lowering network capacity fee for second or subsequent connections in the same household, but such discounts should be offered uniformly in a location and declared transparently on the...

Thiruvananthapuram, 10 Feb 2019/--/Stressing creation of a comprehensive and reliable data base of public assets and resources to prepare and implement development plans, Kerala IT Secretary M Sivasankar Saturday said the problems arising from its absence was felt during post-flood relief...

Bhubaneswar, 9 Feb 2019/--/Odisha Chief Minister Naveen Patnaik Friday demanded that the Centre immediately release food subsidy bills amounting of Rs 3,654 crore payable to the state to protect farmers' interest. "It is a matter of concern that the subsidy bills amounting to Rs 3654.41 crore (...

Dubai, 9 Feb 2019/--/Public debt has rapidly increased in many Arab countries since the 2008 global financial crisis, due to persistently high budget deficits, the International Monetary Fund warned Saturday. "Unfortunately, the region has yet to fully recover from the global financial crisis and...

Mumbai, 9 Feb 2019/--/Union Commerce Minister Suresh Prabhu Saturday launched a scheme with an objective to provide a platform for women Self Help Groups (SHGs), and a competition to boost entrepreneurship at the district level in Maharashtra. The scheme, 'Hirkani Maharashtrachi', and 'District...

Shimla, 9 Feb 2019/--/Himachal Pradesh Chief Minister Jai Ram Thakur focussed more on the rural population, which constitutes 80 per cent of the state, while presenting a Rs 44,388 crore 'populist' budget for the financial year 2019-20 in the state assembly Saturday. No new tax has been proposed...

Kolkata, 9 Feb 2019/--/Rajesh Agrawal, Member-Rolling Stock, Railway Board, Ministry of Railways visited Braithwaite & Co Ltd recently. He was accompanied by Ajay Nandan, EDME (Freight) Railway Board, Lakshmi Raman, EDQA (Mech), RDSO, Govind Pandey, DME(PU), Railway Board and other Senior...

Kolkata, 9 Feb 2019/--/Balmer Lawrie & Co. Ltd. celebrated its 153 rd Foundation Day recently. To mark this occasion a function was organised which was attended by the Board of Directors, employees and their families. The function was inaugurated by Prabal Basu, C&MD, Balmer Lawrie. The...

Kolkata, 9 Feb 2019/--/Good work should not just be appreciated but also scaled up for the prosperity of the nation - Anil Swaroop, Former Education Secretary, Ministry of HRD, Government of India Instead of over-subsidization of higher education more focus on primary education must be laid – Mr....

New York, 3 Feb 2019/--/Union Minister Arun Jaitley Sunday rejected criticism of giving a 'jobless economic growth', saying the absence of any major social or political agitation in the last five years indicates government schemes have created employment. In an interview to PTI, Jaitley, who is...

Kolkata, 3 Feb 2019/--/Over 15,000 runners participateD in the 3rd edition of the IDBI Federal Life Insurance Kolkata Full Marathon on Sunday, 3rd February, 2019. In order to motivate and encourage the runners, cricketing legend and Brand Ambassador of IDBI Federal Life Insurance, Sachin Tendulkar...

Islamabad, 3 Feb 2019/--/China will provide USD 2.5 billion in loans to Pakistan to boost the foreign exchange reserves of its "all-weather ally", a media report said Saturday. Pakistan is nearly broke with the drying up of foreign cash reserves and mounting external debt. The country's USD 8.12...

NEW DELHI, 3 Feb 2019/--/GST collections in January rose to Rs 1.02 lakh crore -- the second highest monthly mop-up after April, the finance ministry said Saturday. This is a significant increase from the collection of Rs 94,725 crore in December 2018, and 14 per cent higher than January 2018...

Bhubaneswar, 3 Feb 2019/--/Odisha Chief Minister Naveen Patnaik Friday expressed "disappointment" over the interim Union Budget and said he would give it only 2.5 marks out of 10. He, however welcomed the tax benefits for middle class and benefits to farmers announced in the budget. Patnaik...

Gandhinagar, 3 Feb 2019/--/Welcoming the interim Budget presented in the Lok Sabha on Friday by the BJP government at the Centre, Gujarat Chief Minister Vijay Rupani said it has built a strong foundation for a new India. Giving the budget '10 out of 10', Rupani slammed the Congress saying the...

NEW DELHI, 3 Feb 2019/--/The National Company Law Tribunal (NCLT) has asked to initiate insolvency proceedings against real estate firm Emaar MGF Land after two home buyers filed petition against the company for a huge delay in delivery of their housing units. Admitting the pleas of two of its...

Washington, 3 Feb 2019/--/President Donald Trump has said US' massive trade deficit with China cannot be allowed to continue, a day after the officials from both countries concluded their latest round of negotiations on trade issues. The US and China have been locked in an escalating trade spat...

NEW DELHI, 3 Feb 2019/--/The government has reduced the allocation for Startup India programme in the Budget 2019-20 but added more monies to the Make in India kitty. According to the budget documents, the allocation for Startup India programme has been slashed to Rs 25 crore for 2019-20 from the...

NEW DELHI, 3 Feb 2019/--/The government plans to auction three mineral blocks having reserves of 280.295 million tonne in the current and next month. Of the mines to be auctioned, two are limestone blocks while one is graphite mine, according to latest data of mines ministry. The limestone blocks...

NEW DELHI, 3 Feb 2019/--/As many as 363 infrastructure projects, each worth Rs 150 crore or more, have shown cost overruns to the tune of over Rs 3.42 lakh crore owing to delays and other reasons, a report said. The Ministry of Statistics and Programme Implementation monitors infrastructure...

Kolkata, 2 Feb 2019/--/BMW Group India has presented the 14th BMW Art Car created by most renowned British artist David Hockney for the first time in India. His creation will be exclusively exhibited at the India Art Fair in New Delhi. David Hockney created the 14th Art Car for BMW in 1995 with the...