Monday, September 23, 2019
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BUSINESS

Sensex zooms over 2,000 points after government announces fiscal measures to boost growth
Mumbai (Maharashtra) | September 20, 2019 2:11:26 PM IST
Equity indices surged by over 5 per cent to record highs as Finance Minister Nirmala Sitharaman slashed corporate taxes and announced a Rs 1.45 lakh crore stimulus to shore up growth and investments. ... read..


Global growth to hit 11-year low: OECD
Paris | Friday, 2019 1:45:05 PM IST
The Organisation for Economic Cooperation and Development (OECD) has predicted further slowdown in the global economy this year and in 2020, citing escalating trade tension and high policy uncertainty. ... read..


Domestic corporate tax rate slashed to 22 pc , 15 pc for new manufacturing units
Panaji (Goa) | September 20, 2019 1:41:31 PM IST
Bringing in tax cuts and fiscal reliefs through an ordinance, the government on Friday slashed domestic corporate tax to an effective 25.17 per cent, inclusive of all surcharges and cess, in a bid to promote growth and investments amid economic slowdown t ... read..


Adani Transmission to acquire entire stake in Bikaner Khetri Transmission
Ahmedabad (Gujarat) | September 20, 2019 1:41:28 PM IST
Adani Transmission Ltd (ATL) has signed a share purchase agreement with PFC Consulting Ltd for the acquisition of its entire stake in Bikaner Khetri Transmission Ltd (BKTL). ... read..


TiE Mumbai partners with New Jersey to help high-growth start-ups
| September 20, 2019 1:11:38 PM IST
Mumbai (Maharashtra) [India] Sept 20 (ANI/NewsVoir): Over the years, TiE Mumbai plays a significant role in promoting, mentoring, helping, and funding start-ups in this region. ... read..


Celebration of world cinema - 2nd Pondicherry International Film Festival rolls out
| September 20, 2019 12:11:32 PM IST
Puducherry [India] Sept 20 (ANI/NewsVoir): The second edition of Pondicherry International Film Festival (PIFF 2019) presented by Pickurflick is all set to enthrall the cinephiles of Puducherry from 23rd to 29th September 2019. ... read..


Effective corporate tax rate after surcharge to be 25.17 pc: Sitharaman
Panaji (Goa) | September 20, 2019 11:41:36 AM IST
To promote growth and investments in the country, Union Finance Minister Nirmala Sitharaman on Friday announced to slash the corporate tax rates for domestic companies and stated that a new provision has been inserted in the Income Tax Act with effect fro ... read..


Swami Mukundananda reveals 7 mindsets for success, happiness and fulfillment
| September 20, 2019 11:41:35 AM IST
Dallas (Texas) [USA] Sept 20 (ANI/NewsVoir): Swami Mukundananda, an international authority on mind management, has just published a new book mapping out the key formula to maximizing happiness and fulfillment in life. ... read..


Sensex jumps by over 1,200 points after Finance Minister Sitharaman announces measures to boost growth
Mumbai (Maharashtra) | September 20, 2019 11:41:30 AM IST
Equity indices jumped on Friday morning after Finance Minister Nirmala Sitharaman announced slashing of corporate tax for local and domestic manufacturing companies. ... read..


No MSME loans as NPA in FY20 fiscal, PSBs to hold loan melas: FM (Lead)
New Delhi | Friday, 2019 11:20:54 AM IST
In a public outreach exercise, Finance Minister Nirmala Sitharaman on Thursday said public sector banks will organise credit "shamiana meetings" in 400 districts beginning October 3 to provide loans to NBFCs and retail borrowers, including homebuyers and ... read..


Rising onion prices bring tears to eyes
New Delhi | Friday, 2019 10:45:05 AM IST
Rising onion prices are once again bringing tears to the eyes of the people. In the last one week, the price of this vegetable has increased by 40-50 per cent. ... read..


Equity indices flat ahead of GST Council meet, media stocks dive
Mumbai (Maharashtra) | September 20, 2019 10:41:28 AM IST
Equity benchmark indices were largely flat during early hours on Friday as investors awaited the outcome of Goods and Services Tax (GST) Council's crucial meeting on whether or not to cut rates for automobile and tourism sectors. ... read..


US stocks end mixed amid economic data (Lead)
New York | Friday, 2019 9:15:05 AM IST
US stocks pared most of the early gains to close mixed amid a slew of key economic data. ... read..


US stocks trade higher amid rallying tech shares
New York | Friday, 2019 6:45:05 AM IST
US stocks traded on an upbeat note on Thursday, bolstered by solid gains in major tech shares. ... read..


RBI revises norms for concurrent audit of banks
Mumbai | Friday, 2019 4:45:05 AM IST
The Reserve Bank of India has revised the norms of concurrent audit of banks whereby the apex bank has capped the term for concurrent auditors at three years. ... read..


'Spectrum auction likely by January 2020'
New Delhi | Friday, 2019 4:15:05 AM IST
The government is likely to complete the next telecom spectrum auction by January 2020, sources said. ... read..


Two bank unions to go on strike on Oct 22
Chennai | Friday, 2019 4:15:05 AM IST
Two major unions in the banking sector on Thursday announced that they would go on a one-day strike on October 22 protesting against the merger of government-owned banks. ... read..


PM Modi's US visit to be agenda-heavy, CEO meet planned
New Delhi | Friday, 2019 4:15:05 AM IST
Prime Minister Narendra Modi's upcoming trip to the US is set to be agenda-heavy with many issues figuring in the list of business. ... read..


$1 bn mobile phones exported in April-July: ICEA
New Delhi | Friday, 2019 3:45:05 AM IST
India exported mobile phones worth over $1 billion in April-July of FY20, said Pankaj Mohindroo, Chairman of the India Cellular And Electronics Association (ICEA), here on Thursday. ... read..


Odisha, ECoR sign MoU to develop Bhubaneswar railway station
Bhubaneswar | Friday, 2019 3:45:05 AM IST
The Odisha government and the East Cost Railway (ECoR) here on Thursday signed a memorandum of understanding (MoU) for the Rs 840 crore Bhubaneswar railway station multi-modal hub project. ... read..


Need to simplify tax system, lower corporate tax: CBDT Member
New Delhi | Friday, 2019 3:15:05 AM IST
Giving a brief idea for the first time about the new Direct Tax Code (DTC), the Central Board of Direct Taxes (CBDT) member and also Convenor of the Task Force Akhilesh Ranjan on Thursday said the draft law focuses on improving litigation system and easin ... read..


Volatile oil prices potential risk to CAD: RBI Governor
Mumbai | Friday, 2019 2:45:05 AM IST
Reserve Bank of India (RBI) Governor Shaktikanta Das on Thursday said global slowdown, trade and geopolitical tensions currently pose major downside risks for the Indian economy, while volatile crude prices also have the potential to increase the country' ... read..


No stressed MSME to be declared NPA till March 2020: FM
New Delhi | Friday, 2019 2:15:05 AM IST
In a major relief for micro, small and medium enterprises (MSME), Finance Minister Nirmala Sitharaman on Thursday announced that stressed MSMEs would not be declared non-performing assets (NPA) till March 31, 2020. ... read..


Gujarat HC clears land acquisition for bullet train (Lead)
Ahmedabad | Friday, 2019 1:45:05 AM IST
The Gujarat High Court on Thursday gave clearance to Prime Minister Narendra Modi's ambitious bullet train project as it rejected over 59 out of 61 petitions filed by farmers against the land acquisition process and "inadequate" compensation. ... read..


Need indigenous cutting-edge tech to save forex: Rajnath
New Delhi | Friday, 2019 1:15:05 AM IST
It is necessary for India to develop indigenous cutting-edge technologies to save precious foreign exchange, Defence Minister Rajnath Singh said while addressing a Special Session of the Annual Engineers' Conclave in Bengaluru on Thursday. ... read..


Karnataka bats for investments beyond choked Bengaluru
Bengaluru | Friday, 2019 1:15:05 AM IST
As India's tech hub is bursting at seams and reeling under infrastructure woes, Karnataka Chief Minister B.S. Yediyurappa on Thursday told the IT and biotech sectors to look beyond choked Bengaluru and invest in tier-2 and tier-3 cities across the souther ... read..


Boards of 10 PSBs accord in principle approval to their merger: Sitharaman
New Delhi | September 19, 2019 11:11:33 PM IST
The boards of all ten banks whose merger was announced last month have accorded in-principle approval to the proposals, said Finance Minister Nirmala Sitharaman on Thursday. ... read..


Sensex slumps 470 points, Yes Bank down 15%
New Delhi | Thursday, 2019 10:15:07 PM IST
The key Indian equity indices slumped over 1 per cent on Thursday with the BSE Sensex closing 470 points lower, owing to heavy selling in oil, metal and IT stocks amidst mixed global cues. ... read..


Taj under full moon to attract many more visitors
Agra | Thursday, 2019 9:45:05 PM IST
Come the next full moon in October, many more Taj Mahal lovers will be able to view the iconic 17th century monument to eternal love from a spot across the Yamuna river that has been newly developed by the authorities. ... read..


No rise in Ambani's stake, subsidiaries' shares merged with RSHL: RIL
New Delhi | Thursday, 2019 9:45:05 PM IST
Denying reports of rise in Mukesh Ambani's stake in Reliance Industries (RIL), a company spokesperson has said that under the ongoing restructuring of RIL's subsidiaries, five subsidiaries holding 17.19 crore shares have merged with Reliance Services and ... read..


China to tap pork reserves over swine fever
Beijing | Thursday, 2019 9:15:05 PM IST
China will on Thursday release pork supplies from its central reserves as it moves to tackle soaring prices and shortages caused by an outbreak of swine fever. ... read..


Digitalseed rebrands itself as TTDigitals an upcoming digital marketing company
| September 19, 2019 8:41:30 PM IST
Pune (Maharashtra) [India] Sept 19 (ANI/NewsVoir): An imminent digital marketing agency of Pune, Digitalseed recently changed its name to TTDigitals and revamped its logo. ... read..


Pot-holed Agra roads put off tourists
Agra | Thursday, 2019 8:15:05 PM IST
Though a new tourist season is about to begin next week, the city administration is yet to wake up to repair and clean up the roads in the city which have not only become a safety hazard but also assault the aesthetics of the Taj city. ... read..


Google in pact with UK publisher Archant to boost local news
London | Thursday, 2019 8:15:05 PM IST
In a bid to build a sustainable digital model for local news, Google has entered into a three-year partnership with UK publisher Archant for Project Neon which will target up to three communities, identified as being currently underserved by local news. ... read..


IDBI Bank okays preferential issues to LIC, Govt
Mumbai | Thursday, 2019 7:15:05 PM IST
IDBI Bank on Thursday approved the proposal for preferential issue to the government and LIC aggregating after their infusion of Rs 4,557 crore and Rs 4,743 crore, respectively, a total capital infusion of a little over Rs 9,000 crore. ... read..


FM reminds Biocon chief of govt's fiscal steps on growth revival (Lead)
New Delhi | Thursday, 2019 7:15:05 PM IST
Finance Minister Nirmala Sitharaman on Thursday strongly retorted a sarcastic comment from Biocon chief Kiran Mazumdar-Shaw on her presence on a cabinet decision (on e-cigarettes) that was not related to the Finance Ministry. ... read..


Telangana announces 28% profit share for Singareni workers
Hyderabad | Thursday, 2019 6:45:05 PM IST
The Telangana government on Thursday announced a 28 per cent share in the profit of Singareni Collieries Company Limited (SCCL) to its employees for 2018-19. ... read..


For all questions on diamonds, there is only one answer - FOREVERMARK
| September 19, 2019 6:11:41 PM IST
Mumbai (Maharashtra) [India] Sept 19 (ANI/BusinessWire India): Forevermark, the diamond brand from the De Beers Group, has launched its latest consumer campaign #TrustForevermark to help all prospective buyers allay their doubts, fears and questions that ... read..


Speedcast, Nelco awarded remote communications contract for leading Indian cruise line
Mumbai (Maharashtra) | September 19, 2019 6:11:30 PM IST
Speedcast International, the world's largest provider of remote communication and IT solutions, and Nelco Ltd, a Tata Enterprise, have been awarded a contract to deliver satellite communications onboard a leading Indian cruise line catering to domestic an ... read..


HLL Life to go on the block soon as disinvestment gathers pace
New Delhi | Thursday, 2019 5:45:05 PM IST
Speeding up the sale process of public sector HLL Life Care, the producer of 'MOODS brand of condoms and 'HAPPY DAYS' sanitary pads, the Prime Minister's Office (PMO) has directed the health ministry to prepare the contours of transaction. ... read..


Rising trade tensions, policy uncertainty further weakening global growth: OECD
Paris | September 19, 2019 5:11:41 PM IST
The global economy has become increasingly fragile and uncertain with growth slowing and downside risks continuing to mount, according to the OECD's latest interim economic outlook released on Thursday. ... read..


Huawei's Flagship Chipset - Kirin 990 to be available in India
| September 19, 2019 5:11:31 PM IST
New Delhi [India] Sept 19 (ANI/NewsVoir): Huawei Consumer Business group, India today announced that the Industry's first and only all-in-one flagship 5G Chipset, Kirin 990 series will be soon available in India. ... read..


GlobalKart launches World's most popular Eye Massager, 'BREO' in India
| September 19, 2019 5:11:29 PM IST
New Delhi [India] Sept 19 (ANI/NewsVoir): GlobalKart, the leaders in cross border and pioneers in bringing new age technovations to India, today announced the launch of BREO - ISEE4 Eye Massager, the world's favourite eye massager, a popular routine for t ... read..


NH Studioz to distribute Sanjay Dutt's Prasthanam Worldwide
| September 19, 2019 5:11:28 PM IST
Mumbai (Maharashtra) [India] Sept 19 (ANI/NewsVoir): Mumbai-based leading movie distributor NH Studioz today announced the distribution of upcoming movie Prasthanam worldwide. ... read..


Sensex drops by 470 points while Nifty tests 10,700, Yes Bank tumbles by 15.7 pc
Mumbai (Maharashtra) | September 19, 2019 4:41:36 PM IST
Heavy selling pressure across sectors dragged equity benchmark indices down on Thursday as investors grappled with the domestic and global slowdown, fluctuating oil prices and absence of any fresh triggers. ... read..


15th Finance Commission to visit Sikkim next week
New Delhi | September 19, 2019 5:41:26 PM IST
The 15th Finance Commission is scheduled to visit the state of Sikkim from September 23 to 26, according to an official statement issued on Thursday. ... read..


Schneider Electric and BASF increase visibility into operations with implementation of EcoStruxure(tm)
| September 19, 2019 3:41:35 PM IST
Rueil-Malmaison [France] Sept 19 (ANI/NewsVoir): Schneider Electric, the leader in the digital transformation of energy management and automation, helps BASF, the largest chemical company in the world, increase visibility into operations with the implemen ... read..


Domestic air traffic in August grows 3.24 pc year-on-year
New Delhi | September 19, 2019 3:41:31 PM IST
Domestic airlines carried 943.58 lakh passengers during January to August as against 913.95 lakh during the corresponding period of previous year, marking an annual growth of 3.24 per cent and monthly growth of 3.87 per cent. ... read..


Yes Bank tanks by 11 pc after CARE downgrades NCDs of lender's promoter MCPL
Mumbai (Maharashtra) | September 19, 2019 2:41:53 PM IST
Shares of Yes Bank cracked by over 11 per cent on Thursday afternoon after CARE Ratings downgraded ratings of non-convertible debentures of Morgan Credits Pvt Ltd (MCPL), one of the private lender's promoter entities. ... read..


Sensex drops by 496 points while Nifty hovers around 10,710, Yes Bank top loser
Mumbai (Maharashtra) | September 19, 2019 2:41:42 PM IST
Equity indices faced bearish tendencies during the afternoon on Thursday as selling pressure extended across all segments. ... read..


Socomec unveils new DIRIS Digiware S power metering, monitoring device for data centre
| September 19, 2019 2:41:28 PM IST
Chennai (Tamil Nadu) [India] Sept 19 (ANI/NewsVoir): Socomec reaffirms its expertise with the release of DIRIS Digiware S, a new measurement and monitoring solution (in addition to the existing version for AC installations), oriented for the data centre, ... read..


Helo launches third edition of 'Helo Superstar' campaign
| September 19, 2019 2:41:27 PM IST
New Delhi [India] Sept 19 (ANI/NewsVoir): Helo, India's leading regional social media platform has launched the third season of 'Helo Superstar' campaign. ... read..


Guterres asks nations to join climate action job initiative
New York | Thursday, 2019 2:15:06 PM IST
UN Secretary-General Antonio Guterres has announced a new initiative aimed at ensuring decent job creation and protecting livelihoods to boost climate action and urged countries to join the project. ... read..


Here's how Bajaj Finserv's pocket insurance comes to your rescue if you are robbed at an ATM
| September 19, 2019 1:41:40 PM IST
Pune (Maharashtra) [India] Sept 19 (ANI/BusinessWire India): Despite the shift towards a cashless economy, the number of people using ATMs across the nation is still significantly large. A recent report by the RBI said that over 800 million Indians have b ... read..


Ambuja Cement among top four in global DJSI ranking
Mumbai (Maharashtra) | September 19, 2019 1:11:36 PM IST
Ambuja Cements Ltd, a part of the global conglomerate LafargeHolcim, has moved one spot up to the fourth rank globally in the construction material category adjudged by Dow Jones Sustainability Index (DJSI) 2019. ... read..


US stocks close mixed as Fed cuts interest rates
New York | Thursday, 2019 12:15:05 PM IST
US equities ended mixed after the Federal Reserve cut interest rates for the second time this year. ... read..


One millionth Maruti Suzuki car exported from Gujarat's Mundra Port
New Delhi | September 19, 2019 12:11:29 PM IST
Maruti Suzuki said on Thursday it has achieved the milestone of one millionth car exports from the Mundra Port in Gujarat. ... read..


IDBI Bank's board approves preferential issue of Rs 4,557 crore to government, Rs 4,743 crore to LIC
Mumbai (Maharashtra) | September 19, 2019 11:41:33 AM IST
The board of directors at IDBI Bank on Thursday approved the proposal for preferential issue of capital to the government and Life Insurance Corporation (LIC) totalling up to Rs 4,557 crore and Rs 4,743 crore respectively. ... read..


Last wish of a cancer patient fulfilled by Green Man of Gujarat Viral Desai
Surat (Gujarat) | September 19, 2019 11:41:28 AM IST
Surat-based non-government organisation (NGO), Hearts at Work, Sruchi Vadalia 27yrs, distributed 2500 in ten days. In a unique event, Sruchi was declared the Brand Ambassador of Hearts at Work foundation and represents the 26000 trees that the foundation ... read..


US FDA issues warning letter for Lupin's Mandideep facility
Mumbai (Maharashtra) | September 19, 2019 11:11:31 AM IST
The US Food and Drug Administration (US FDA) has issued a warning letter to pharma major Lupin Ltd for its facility at Mandideep in Madhya Pradesh. ... read..


Sensex drops by 229 points, Yes Bank slips 5 pc
Mumbai (Maharashtra) | September 19, 2019 10:41:32 AM IST
Equity benchmark indices were in the red during early hours on Thursday on the back of mixed global cues and selling pressure across various segments. ... read..


US dollar rises after Fed cuts interest rates
New York | Thursday, 2019 10:15:05 AM IST
The US dollar rose after the Federal Reserve cut interest rates by a quarter of a percentage point. ... read..


5 easy ways to incorporate California walnuts in your daily diet
| September 19, 2019 8:11:28 AM IST
New Delhi [India] Sept 19 (ANI/NewsVoir): Consuming a wholesome meal rich in essential nutrients is critical to staying energied throughout the day. While eating healthy may not sound exciting to many, incorporating ingredients as walnuts can help in upli ... read..


US Fed cuts interest rates for second time this year
Washington | Thursday, 2019 6:45:05 AM IST
The US Federal Reserve on Wednesday lowered interest rates by 25 basis points amid growing risks and uncertainties stemming from trade tensions and a global economic slowdown, following a rate cut in July that was its first in more than a decade. ... read..


Global telcos launch OTIC initiative for 5G infra
Mumbai | Thursday, 2019 6:15:05 AM IST
Global telecom operators, including the Indian major Reliance Jio here on Wedneday launched the 'Open Test and Integration Centre' (OTIC) initiative to accelerate multi-vendor, open and disaggregated next-generation 5G wireless infrastructure. ... read..


Mukesh Ambani bolsters hold over RIL with stake hike, shares up
New Delhi | Thursday, 2019 6:15:05 AM IST
With Saudi oil major Aramco buying stake in Reliance Industries oil-to-chemical business and uncertainty over likely changes in the equity structure of the company, Mukesh Ambani has increased his stake in RIL in a symbolic manner. ... read..


Vikram Bakshi barred from leaving the country
New Delhi | Thursday, 2019 3:45:05 AM IST
Erstwhile McDonald's India partner Vikram Bakshi has been barred by the National Company Law Appellate Tribunal from leaving the country. ... read..


Gurugram Rapid Metro to continue ops till Sep 20
Chandigarh | Thursday, 2019 2:45:05 AM IST
With the inking of a pact between Haryana Shahari Vikas Pradhikaran (HSVP) and Delhi Metro Rail Corporation to take over the Rapid Metro Rail in Gurugram, previous owning company Rapid Metro Rail Gurgaon South Ltd on Wednesday said it was willing to conti ... read..


DCC to meet to decide telecom spectrum auction base prices
New Delhi | Thursday, 2019 2:15:05 AM IST
The Digital Communications Commission will meet on Thursday and is likely to finalise the prices for the upcoming spectrum auction, according to official sources here, who also said that in this regard the DCC is expected to adhere to the auction base pri ... read..


FM to review PSU banks' merger preparedness (Lead)
New Delhi | Thursday, 2019 2:15:05 AM IST
Finance Minister Nirmala Sitharaman will meet the heads of PSU banks on Thursday to discuss merger-related issues and review their preparedness to execute the process within the stated timeline of April 1, 2020. ... read..


Stocks that defied the benchmark to hit 52-week high
Mumbai | Thursday, 2019 1:45:05 AM IST
Indian equity markets, for the past three months, fell sharply after the Union Budget on July 5 failed to inspire confidence among domestic and foreign investors, worried over softening growth. ... read..


Medikabazaar offers 200 jobs to laid-off Zomato staff
New Delhi | Thursday, 2019 1:15:05 AM IST
Over 500 people who were sacked by food delivery platform Zomato earlier this month have a saviour in Medikabazaar - an online B2B platform for medical supplies. ... read..


Cabinet clears Rs 2,024 crore bonus for Railway staff
New Delhi | Thursday, 2019 1:15:05 AM IST
In a festive season bonanza, the Union Cabinet has approved bonus worth 78 days' wages for over 11 lakh Indian Railways employees. ... read..


FM to review PSU banks' merger preparedness
New Delhi | Thursday, 2019 1:15:05 AM IST
Finance Minister Nirmala Sitharaman will meet the heads of PSU banks on Thursday to discuss merger-related issues and review their preparedness to execute the process within the stated timeline of April 1, 2020. ... read..


Gehlot govt plans 75% job reservation in Rajasthan
Jaipur | Thursday, 2019 1:15:05 AM IST
After Andhra Pradesh, the Ashok Gehlot government in Rajasthan is also planning to grant 75 per cent reservations for locals in private sector jobs. ... read..


Govt removes import duty on open cell LED TV panels
New Delhi | Thursday, 2019 1:15:05 AM IST
Finance Ministry has abolished the import duty on open cell LED TV panels from 5 per cent to zero, meeting a long standing demand of the industry. ... read..


RJio tops subscription race in July; Airtel, VIL lose
New Delhi | Thursday, 2019 1:15:05 AM IST
Reliance Jio continued its onward march in July adding the highest number of subscribers during the month, while the other major market players, Airtel and Vodafone Idea eroded their subscriber base. ... read..


CITU continues strike against Muthoot Finance
Thiruvananthapuram | Wednesday, 2019 11:45:05 PM IST
The third round of conciliatory talks to end the over month-long strike called by a small section of employees of Muthoot Finance, a leading non-banking financial company, failed to break the deadlock on Wednesday as the rival parties stood their ground. ... read..


Congress alleges govt misusing LIC funds
New Delhi | Wednesday, 2019 11:45:05 PM IST
The Congress party continued its tirade against the government on economic issues. In a fresh attack on the government, the party has alleged that current the government is misusing LIC funds. ... read..


Married CEOs more likely to support hiring of women
New York | Wednesday, 2019 11:15:05 PM IST
Organisations led by married CEOs are more likely to support hiring and promotion of women, minorities and disabled employees, new research has found. ... read..


Top Goa hoteliers urge GST cut on room tariff
Panaji | Wednesday, 2019 10:45:05 PM IST
Top hoteliers and tourism industry stakeholders met Union Minister of State for Tourism and Culture Prahlad Singh Patel here on Wednesday and sought reduction in the Goods and Services Tax (GST) on room tariff to help the state compete with international ... read..


After Russia, US hints at oil for India on concessional terms
New Delhi | Wednesday, 2019 10:45:05 PM IST
The US may offer oil and gas to India on concessional terms from its own reserves to help the latter tide over any shortages arising from the drone attacks on Saudi Arabian Oil Company, or Aramco, that have caused the biggest-ever disruption in global cru ... read..


Air Asia to introduce flights from Tripura
Agartala | Wednesday, 2019 10:15:05 PM IST
After introducing flights from Guwahati (Assam) and Imphal (Manipur), low-cost carrier Air Asia will start operations from another northeastern state - Agartala (Tripura) - from next month, an AAI official said on Wednesday. ... read..


Risk weight cut on consumer loan is credit negative: Moody's
Mumbai | Wednesday, 2019 8:45:05 PM IST
The Reserve Bank's (RBI) decision to reduce risk weighting on consumer loans is credit negative as it will encourage banks to increase their exposure to this loan segment at a time when credit risks are already increasing, said a report by Moody's Investo ... read..


Himachal apples economy comes under the weather
Shimla | Wednesday, 2019 7:15:05 PM IST
Climate change has literally brought under the weather the Rs 3,500-crore fruit economy of Himachal Pradesh. ... read..


NSE Clearing empanels Federal Bank for accepting e-FDRs
New Delhi | September 18, 2019 6:41:30 PM IST
NSE Clearing Limited has empanelled private lender Federal Bank for submitting fixed deposit receipts in electronic form (e-FDRs) as collateral to clearing and trading members. ... read..


Key GoM meet on Air India to take up 10 major disinvestment issues
New Delhi | Wednesday, 2019 6:15:05 PM IST
A Home Minister Amit Shah-led ministerial panel will discuss as many as 10 major issues, including further dilution of FDI rules, transfer of debt to the SPV and fixing reserve price as it holds its first meeting to decide almost complete exit of the gove ... read..


Minister seeks direct flight between Bhubaneswar and Dubai
Bhubaneswar | Wednesday, 2019 6:15:05 PM IST
Union Petroleum and Natural Gas Minister Dharmendra Pradhan on Wednesday requested the Centre for a direct flight between Bhubaneswar and Dubai. ... read..


Challenging environment to dent profitability of domestic steel makers in FY20: ICRA
New Delhi | September 18, 2019 6:11:28 PM IST
The domestic steel consumption growth is expected to decelerate to about 5 to 6 per cent in the current financial year as compared to 7.9 per cent in FY19 on the back of an unprecedented slowdown in economic activity as reflected by the GDP growth taperin ... read..


Indian business travellers more health-conscious during trips: CWT Research
New Delhi | September 18, 2019 5:41:31 PM IST
Nearly 54 per cent of business travellers from India work hard to adhere to their health and wellness routines while 40 per cent try but find it challenging, according to a new research by global business-to-business-for-employees (B2B4E) travel managemen ... read..


Nifty ends below 10,850, Godfrey Phillips up by 5 pc
Mumbai (Maharashtra) | September 18, 2019 4:41:32 PM IST
Equity indices witnessed an extremely choppy session on Wednesday but closed slightly higher after crude oil prices cooled globally. ... read..


India a Bright Spot for Global Paper Industry: PaperTech 2019
| September 18, 2019 4:11:37 PM IST
New Delhi [India] Sept 18 (ANI/NewsVoir): With a growth rate of 6-7 per cent, India is the fastest growing market in the world for paper. ... read..


Cremica launches an Exciting Range of Mayonnaise
| September 18, 2019 4:11:34 PM IST
New Delhi [India] Sept 18 (ANI/NewsVoir): Cremica the food product conglomerate unveiled new flavors of Mayonnaise. ... read..


Markets open in green
Mumbai | Wednesday, 2019 3:45:06 PM IST
The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note. ... read..


RBI proposes norms to regulate payment gateways and aggregators
Mumbai (Maharashtra) | September 18, 2019 3:41:41 PM IST
In a bid to make digital payments safer and transparent, the Reserve Bank of India (RBI) has proposed to regulate payment gateway service providers and aggregators in online transactions. ... read..


Equisoft to share its blueprint for modernization success at InsureTech Connect
| September 18, 2019 2:41:29 PM IST
New Delhi [India] Sept 18 (ANI/NewsVoir): Equisoft is pleased to announce that it will co-host a pre-conference workshop on Succeeding at Life Insurance Technology Modernization, along with its long-time business partner Oracle, at the upcoming InsureTech ... read..


Bharat Forge to set up greenfield forging and machining facility in North Carolina
Mumbai (Maharashtra) | September 18, 2019 1:41:38 PM IST
Engineering major Bharat Forge, part of the three- billion dollar Kalyani Group, said on Wednesday it is setting up a greenfield forging and machining facility in North Carolina, the United States. ... read..


Airbus forecasts need for over 39,000 new aircraft in the next 20 years
London | September 18, 2019 1:41:28 PM IST
The world's passenger and freighter aircraft fleet is set to more than double from today's nearly 23,000 to almost 48,000 by 2038 with traffic growing at 4.3 per cent annually, European multinational aerospace corporation Airbus said on Wednesday. ... read..


US dollar declines ahead of Fed decision
New York | Wednesday, 2019 12:45:05 PM IST
The US dollar declined as investors awaited the US central bank's next monetary move. ... read..


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