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Headline
RInfra to build Rs 7000-cr Versova-Bandra sea link
Mumbai, June 26 (IANS) Reliance Infrastructure Ltd (RInfra) will construct a 17.17 km-long Versova-Bandra Sea Link (VBSL) at a cost of Rs 7,000 crore, a statement said here on Wednesday.
2019-06-26
Category: India, Maharashtra,Business/Economy
Agra realtors oppose steep hike in Circle Rates
Agra, June 26 (IANS) Builders and realtors in Uttar Pradesh's Agra have opposed the proposed hike in Circle Rates of land in the Taj city.
2019-06-26
Category: India, Uttar Pradesh,National,Business/Economy
Musk pushes Tesla workers over email to meet Q2 goals
San Francisco, June 26 (IANS) After getting done with "the most difficult mission" for his space company SpaceX, Elon Musk has shifted his focus back to his electric vehicle (EV) company Tesla, pushing employees to hit the second-quarter delivery goals.
2019-06-26
Category: International, Costa Rica,Business/Economy,Technology
Tyre stocks rise as government imposes CVD on Chinese tyres
Mumbai, June 25 (IANS) Stocks of domestic tyre manufacturers rose on Tuesday after the government imposed a countervailing duty on particular type of tyres imported from China for a period of five years.
2019-06-25
Category: India, Maharashtra,Business/Economy
Situation in Sri Lanka now normal: Tourism Minister
New Delhi, June 25 (IANS) Sri Lanka, which was hit by a ghastly terror attack on April 21, said on Tuesday that the situation now was normal and it was safe for the tourists to visit.
2019-06-25
Category: India, Delhi,National,Diplomacy,Business/Economy,Indo-Pak/Pakistan,Terrorism
Tax exemption on preventive health check-up should be raised: FICCI
New Delhi, June 25 (IANS) Industry body FICCI has recommended the government raise the tax exemption on preventive health check-up from the current Rs 5,000 per person to Rs 20,000 and also sought the "national priority" status for the healthcare sector.
2019-06-25
Category: India, Delhi,National,Business/Economy
AbbVie to buy Botox maker Allergan for $63 billion
New Delhi, June 25 (IANS) US-based biopharma major AbbVie will acquire Ireland-based pharmaceutical major Allergan in a cash and stock transaction for a value of approximately $63 billion.
2019-06-25
Category: India, Delhi,Business/Economy
Government to come up with an integrated RERA website
New Delhi, June 25 (IANS) With an aim to provide single window information on best practices and rulings in the housing sector, the government will soon come up with a platform that will integrate Real Estate Regulatory Authority (RERA) of all the states.
2019-06-25
Category: India, Delhi,National,Business/Economy
Government announces several schemes for cow welfare
New Delhi, June 25 (IANS) The government on Tuesday said it has several schemes for cow welfare but does not have any current scheme for setting up new 'Gaushalas' or cow shelters.
2019-06-25
Category: India, Delhi,National,Business/Economy
SpiceJet to start 8 new international flights
New Delhi, June 25 (IANS) Budget passenger carrier SpiceJet will launch eight new non-stop international flights from Mumbai and Delhi to destinations, including Dhaka and Riyadh.
2019-06-25
Category: India, Delhi,Business/Economy
GDA aims to boost industrial activity in Ghaziabad
Ghaziabad, June 25 (IANS) The Ghaziabad Development Authority (GDA) at its 153rd board meeting on Tuesday considered 37 proposals, including the plan to build warehouses to develop Ghaziabad into an industrial hub.
2019-06-25
Category: India, Uttar Pradesh,National,Business/Economy
RPG Group firm Seniority may take in strategic investor
Chennai, June 25 (IANS) RPG Group company Seniority Pvt Ltd, which is vending products meant for senior citizens, plans to rope in a strategic investor who can help to grow the business, its co-founder Ayush Agarwal said on Tuesday.
2019-06-25
Category: India, Tamil Nadu,Business/Economy
Budget may keep Status quo on angel tax for startups
New Delhi, June 25 (IANS) The Union Budget on July 5 was likely to maintain a status quo on angel tax for startups, sources said and added the problematic issues were taken care of in February this year.
2019-06-25
Category: India, Delhi,National,Business/Economy
Markets surge by 311 pts as oil prices retreat
Mumbai, June 25 (IANS) The Sensex logged 311-point gain on Tuesday as the Brent crude prices retreated after a sharp rise during the past few sessions over US-Iran tension.
2019-06-25
Category: India, Maharashtra,Business/Economy
Your table salt contains deadly cyanide: US lab report
Mumbai, June 25 (IANS) In a shocker, a US lab report reveals that premium brands of processed iodised salt sold in India allegedly contain alarming levels of carcinogenic and harmful components like potassium ferrocyanide, an activist said here on Tuesday.
2019-06-25
Category: India, Maharashtra,National,Health/Medicine,Business/Economy
RBI panel suggests Rs 5K cr distressed asset fund for MSMEs
Mumbai, June 25 (IANS) An RBI panel, led by former Sebi Chairman U.K. Sinha, has recommended the creation of a distressed asset fund with a corpus of Rs 5,000 crore for small businesses.
2019-06-25
Category: India, Maharashtra,Business/Economy
AAP government seeks to make Delhi self-sufficient in water
New Delhi, June 25 (IANS) As several parts of the country are facing a serious water crisis, the Delhi government is working to make the national capital self-sufficient in water -- instead of perenially depending on neighbouring states.
2019-06-25
Category: India, Delhi,National,Business/Economy,Environment/Wildlife,Politics
PM lauds policies on infrastructure, 'housing for all'
New Delhi, June 25 (IANS) Four years into NDA's initiatives on infrastructure, Prime Minister Narendra Modi on Tuesday said that the government has ushered a new paradigm in development and "no stone will be left unturned to fulfil the dream of housing for all".
2019-06-25
Category: India, Delhi,National,Business/Economy,Politics
Sensex, Nifty flat; metal scrips gain
Mumbai, June 25 (IANS) Sensex and Nifty traded on a flat note during the morning trade session on Tuesday.
2019-06-25
Category: India, Maharashtra,Business/Economy
PSBs infused with Rs 3.19 lakh cr capital in last five years: FinMin
New Delhi, June 24 (IANS) Over the last five Financial Years (FYs), public sector banks (PSBs) have been infused with capital to the extent of Rs 3.19 lakh crore, with recapitalisation of Rs 2.5 lakh crore by the government and mobilisation of over Rs 66,000 crore by PSBs themselves.
2019-06-24
Category: India, Delhi,National,Business/Economy
IndiGo flight's emergency landing in Jaipur after engine trouble
New Delhi, June 24 (IANS) Budget passenger carrier IndiGo's Mumbai-Jaipur flight had to make an emergency landing at Jaipur airport last week after shutting down one of the aircraft's engine due to a technical glitch, sources said on Monday.
2019-06-24
Category: India, Delhi,Business/Economy
Take steps to recover unaccounted income, Finance Ministry told
New Delhi, June 24 (IANS) A parliamentary panel has asked Finance Ministry's Revenue Department to take steps to unearth and bring to book unaccounted income, both within and outside the country.
2019-06-24
Category: India, Delhi,Business/Economy
Industry seeks higher import duty on certain steel materials
New Delhi, June 24 (IANS) India's steel industry has sought an increase in basic customs duty for certain steel materials from the government in the upcoming full-budget 2019-20.
2019-06-24
Category: India, Delhi,National,Business/Economy
Distressed JIL home buyers write to PM for Centre's intervention
New Delhi, June 24 (IANS) Taking forward their campaign for early resolution of the Jaypee Infratech (JIL) insolvecy process and completion of the stalled projects, the home buyers of Jaypee have written to Prime Minister Narendera Modi seeking goverment's intervention in the matter.
2019-06-24
Category: India, Delhi,Business/Economy
After Dubai, UrbanClap arrives in Abu Dhabi
New Delhi, June 24 (IANS) Services platform UrbanClap on Monday launched its one-demand home services in Abu Dhabi -- the second city in the United Arab Emirates (UAE) after entering Dubai last year.
2019-06-24
Category: India, Delhi,Business/Economy,Technology
Promoters divest 10% stake in Emami Ltd for Rs 1,230 cr
Kolkata, June 24 (IANS) The promoters of Emami Group have undertaken a stake sale of 10 per cent in Emami Ltd, raising about Rs 1,230 crore, which will be used to reduce debt.
2019-06-24
Category: India, West Bengal,Business/Economy
Jio adds most subscribers in April; Airtel, VIL lose
New Delhi, June 24 (IANS) Continuing its growth trend, Reliance Jio added around 80.82 lakh subscribers in April, showed data released by the Telecom Regulatory Authority of India (TRAI) on Monday. Jio's subscriber base stood at around 31.48 crore at the end of April, it said.
2019-06-24
Category: India, Delhi,Business/Economy,Technology
Sensex, Nifty end lower, steel companies fall over growth worries
Mumbai, June 24 (IANS) Dragged by steel companies like Jindal Steel, JSW Steel and Tata Steel, the Indian equity indices ended lower for the second consecutive day on Monday.
2019-06-24
Category: India, Maharashtra,Business/Economy
IndiaMart IPO opens at price range of Rs 970-Rs 973
New Delhi, June 24 (IANS) Online business-to-business (B2B) marketplace IndiaMart on Monday launched its initial public offering (IPO) at a price band of Rs 970-Rs 973 per share.
2019-06-24
Category: India, Delhi,Business/Economy
Lack of fiberisation to hit 5G roll-out: CRISIL
New Delhi, June 24 (IANS) Switching to 5G will need massive investment in fiberisation by telecom companies and such investments in fiberised backhaul infrastructure which provides unlimited capacity and higher speeds has to gain further traction if 5G has to become reality, a report by CRISIL has said.
2019-06-24
Category: India, Delhi,National,Business/Economy
Consensus eludes Jalan panel on RBI surplus, report delayed
New Delhi, June 24 (IANS) The Reserve Bank of India (RBI) panel deciding on norms for transfer of the central bank's surplus funds to the government has further delayed submitting its report, an official said on Monday.
2019-06-24
Category: India, Delhi,Business/Economy
Credit crunch hits common investors: Congress
New Delhi, June 24 (IANS) Ahead of the Union Budget on July 5, the Congress here on Monday said common investors were suffering due to the lack of investment in the economy.
2019-06-24
Category: India, Delhi,Business/Economy,Politics
Sensex in red, Nifty at 11,700
Mumbai, June 24 (IANS) Sensex and Nifty declined during the morning session of the trade on Monday over weak global cues.
2019-06-24
Category: India, Maharashtra,Business/Economy
RBI Deputy Governor Viral Acharya resigns
Mumbai, June 24 (IANS) The Reserve Bank of India's (RBI) Deputy Governor Viral Acharya has quit six months before the end of his term, sources said on Monday.
2019-06-24
Category: India, Maharashtra,Business/Economy
Metro Man resigns as Advisor to Lucknow metro
Lucknow, June 24 (IANS) The Principal Advisor to Lucknow Metro Rail Corporation (LMRC) Padma Vibhushan E. Sreedharan has submitted his resignation citing health issues, an official said on Monday.
2019-06-24
Category: India, Uttar Pradesh,National,Business/Economy
Flipkart co-founder sells part stake to Walmart for 531 cr
Bengaluru, June 24 (IANS) Binny Bansal, the co-founder of India's leading e-tailer Flipkart, sold around 54 lakh of his equity shares valued at $76.4 million (Rs 531 crore) to world's retail giant Walmart's Luxembourg entity FIT Holdings SARL, business intelligence platform Paper.vc said on Monday.
2019-06-24
Category: India, Karnataka,Business/Economy
Himachal CM in Dubai to woo investors
Shimla, June 23 (IANS) Himachal Pradesh Chief Minister Jai Ram Thakur on Sunday reached Dubai, aiming to attract investments for the hill state, an official said here.
2019-06-23
Category: India, Himachal Pradesh,National,Diaspora,Business/Economy,Politics
Distressed Jaypee home buyers seek government's intervention
New Delhi, June 23 (IANS) Home buyers of the bankrupt Jaypee Infratech Ltd (JIL) on Sunday wrote to Union Finance Minister Nirmala Sitharaman, seeking the government's intervention in the realty company's ongoing resolution process to resolve the matter at the earliest.
2019-06-23
Category: India, Delhi,Business/Economy
Moderate outlook for manufacturing in Q1: FICCI survey
New Delhi, June 23 (IANS) The outlook for the country's manufacturing sector in the April-June quarter of the current fiscal has moderated as only 41 per cent of respondents in a FICCI survey expected higher output growth during the ongoing quarter compared to 54 per cent in the January-March quarter, as per the industry chamber report released on Sunday.
2019-06-23
Category: India, Delhi,Business/Economy
Markets will remain volatile, trade cautiously (Column: Market Watch)
Markets continued to remain choppy and volatile on expected lines. On the very first day of the week, they traded for quite some time in the band of 11,700-750 and once that broke, all hell was let loose. Markets saw significant losses on Monday. For the next three days they gained and once again gave a feeling that the level mentioned above was sacrosanct. While Friday was another bad day at the markets, the level held. The week ended with BSESENSEX losing 257.58 points or 0.65 per cent to close at 39,194.49 points while NIFTY lost 99.20 points or 0.84 per cent to close at 11,724.10 points. The broader indices saw BSE100, BSE200 and BSE500 lose 0.77 per cent, 0.77 per cent and 0.86 per cent respectively.
2019-06-23
Category: India, New Delhi,Business/Economy,Opinion/Commentary
Kerala to object SLBC's recovery procedures on farmer loans
Thiruvananthapuram, June 23 (IANS) An advertisement from the State Level Banker's Committee (SLBC) that appeared in leading dailies in Kerala on Sunday has upset the government as it stated that recovery procedures on farmers loans will go ahead on defaulters.
2019-06-23
Category: India, Kerala,National,Business/Economy
Fiscal Deficit at 0.75% of GDP in April: DoE figures
New Delhi, June 23 (IANS) Fiscal deficit for the month of April was at Rs 1,57,048 crore which is 22 per cent of the budgeted estimate for the year 2019-20, slightly lower than what it was in the same period a year ago and as a percentage to the GDP, the fiscal deficit is at 0.75 per cent, Department of Expenditure (DoE) figures showed.
2019-06-23
Category: India, Delhi,National,Business/Economy
From merger, govt now looks to de-merge 3 PSU insurers then look for strategic sale
New Delhi, June 23 (IANS) With its plans on consolidation in the insurance sector hitting several hurdles, the government has started exploring different options including de-merging three of its big-size general insurance companies into smaller units and then look at strategic sale of few operations to the private sector.
2019-06-23
Category: India, Delhi,National,Business/Economy
Bengal IT employees apply for trade union registration
Kolkata, June 22 (IANS) The Kolkata Forum for IT Employees on Saturday said it has applied to the West Bengal government for trade union registration in the Information Technology and ITes, Business Process Outsourcing and Knowledge Process Outsourcing industry in the state.
2019-06-22
Category: India, West Bengal,Business/Economy,Technology
No plans to cap H-1B work visas for Indians: Senior US official
New York, June 21 (IANS) The US has no plans to place caps on H-1B work visas for Indians, a senior administration official told reporters on Friday.
2019-06-21
Category: International, United States,Defence/Security,Diplomacy,Business/Economy,Immigration/Law/Rights
GST intelligence agency arrests one in fake invoice case
New Delhi, June 21 (IANS) Continuing its crackdown on tax-evaders, the Directorate General of GST Intelligence (DGGI) on Friday arrested one more person for fraudulently claiming input tax credit (ITC) of over Rs 16 crore.
2019-06-21
Category: India, Delhi,Business/Economy,Crime/Disaster/Accident
Radiant Life Care acquires 49.7% stake in Max Healthcare
New Delhi, June 21 (IANS) KKR-backed hospital management company Radiant Life Care has completed the acquisition of 49.7 per cent stake in the Max Healthcare Institute from the South Africa-based Life Healthcare.
2019-06-21
Category: India, Delhi,Business/Economy,Health/Medicine
Samsung launching 3 new tablets in stagnant Indian market
New Delhi, June 21 (IANS) Samsung which gained 51 per cent market share (by value) and 50 per cent market share (by volume) in the first quarter of 2019 in the Indian tablet market is set to launch three new tablets early next week, a top company executive said on Friday.
2019-06-21
Category: India, Delhi,Business/Economy,Technology
Delhi demands hike in share in Central Taxes
New Delhi, June 21 (IANS) The Delhi Government on Friday asked the Centre to enhance the allocation of its share in the Central Taxes to at least Rs 6,000 crore against Rs 325 crore being released to the city for the past 18 years.
2019-06-21
Category: India, Delhi,National,Business/Economy,Politics
'Five major risks will haunt the Indian economy' (Book Review)
New Delhi, June 21 (IANS) India is a nation with a huge demand but one that lacks high quality services. Be it agriculture, manufacturing or other services, the Indian economy is still a work in progress and its political leadership, its bureaucracy, its business class and its citizens are on a learning curve, searching for ways to get it right, says a new book that points to the five major risks that India must address in the coming decade to stay ahead.
2019-06-21
Category: India, Delhi,National,Business/Economy,Art/Culture/Books