Friday, February 23, 2018
News
NEWS
BUSINESS

RBI introduces Ombudsman Scheme for NBFCs
New Delhi [India] | February 23, 2018 12:01:13 AM IST
As announced in its Monetary Policy Statement on February 7, India's central bank, Reserve Bank of India (RBI), on Friday launched the Ombudsman Scheme for Non-Banking Financial Companies (NBFCs). ... read..


REHAU unveils 'Go-to-Market' strategy to enhance consumer experience and grow India market share
New Delhi [India] | February 23, 2018 12:01:13 AM IST
New Delhi [India], Feb 23 (ANI-NewsVoir): REHAU India, a leading system and service provider for polymer-based solutions in windows, furniture and building industry, on Friday announced a retail push strategy to bring good living to Indian homes and stren ... read..


Nest to offer 30 pct discount to Airbnb 'Superhosts'
New Delhi [India] | February 23, 2018 12:01:13 AM IST
Home-automation product company Nest will now offer a 30 percent discount to 'Superhosts' on online hospitality service provider Airbnb, co-founder Brian Chesky, said at an event. ... read..


Rotomac bank fraud: IT attaches 12 more accounts
New Delhi [India] | February 23, 2018 12:01:13 AM IST
The Income Tax (IT) department on Friday attached 12 more bank accounts of the Rotomac Group of companies, in addition to the 14 bank accounts attached earlier. ... read..


Karix Mobile set to participate in Mobile World Congress 2018 at Barcelona
New Delhi [India] | February 23, 2018 12:01:13 AM IST
New Delhi [India], Feb 23 (ANI-NewsVoir): Karix Mobile Pvt. Ltd. (formerly known as mGage India), the world's largest messaging solution and mobile engagement company, has announced its participation in the Mobile World Congress (MWC) 2018 being organised ... read..


'RBI Governor should quit after PNB fraud'
Chennai | Friday, 2018 7:45:04 PM IST
Reserve Bank of India (RBI) Governor Urjit Patel should own up moral responsibility for the massive $1.8 billion scam/fraud allegedly committed by diamond retailer Nirav Modi and resign his post, demanded a top banking employees union leader. ... read..


OnePlus captures 48% premium market share in India
New Delhi | Friday, 2018 7:45:04 PM IST
Chinese smartphone maker OnePlus has continued its growth in the overall Indian premium segment by capturing 48 per cent market share in fourth quarter, as per International Data Corporation's (IDC) latest Quarterly Mobile Phone Tracker 2017 Q4. ... read..


Bank unions defer March 15 strike
Chennai | Friday, 2018 7:45:04 PM IST
The United Forum of Bank Unions (UFBU), an umbrella body of nine unions in the Indian banking sector, on Friday decided to postpone their March 15 strike for early finalisation of wage revision, said top leaders of two large banking unions. ... read..


Union Minister meets IAS body, stresses work-friendly environment
New Delhi | Friday, 2018 7:45:04 PM IST
Minister of State in the Prime Minister's Office Jitendra Singh on Friday met members of the IAS Association over the alleged assault on Delhi Chief Secretary Anshu Prakash by AAP MLAs and assured them that he will put across inputs and suggestions to ens ... read..


India Kawasaki bets big on premium motorcycles domestic market
Kolkata | Friday, 2018 7:45:04 PM IST
India Kawasaki Motors Pvt Ltd, which remained bullish on the country's premium motorcycles market, is looking to increase local procurement to reduce cost and increase sales, an official said here on Friday. ... read..


New US H-1B norms won't make much difference: Nasscom
Bengaluru | Friday, 2018 7:15:05 PM IST
The United States Administration's latest move on issuing H-1B visas to software engineers will not make much difference to Indian IT firms, said the apex industry body Nasscom on Friday. ... read..


CII says PNB fraud shows gaps in supervision, seeks dilution of government stake
New Delhi | Friday, 2018 7:15:05 PM IST
Condemning the recently detected $1.8 billion fraud at the Punjab National Bank (PNB), industry chamber Confederation of Indian Industry (CII) on Friday said the incident showed gaps in supervision and monitoring systems at the bank level. ... read..


Jio asks COAI to apologise for its comments
New Delhi | Friday, 2018 7:15:05 PM IST
A day after the Cellular Operators' Association of India (COAI) said it is likely to drag the telecom regulator to the court following its recent Telecom Tariff Order (TTO), Reliance Jio has sent a letter to the telecom body to publicly apologise within 4 ... read..


Palaniswami invites Jain community to invest in TN
Chennai | Friday, 2018 7:15:05 PM IST
Tamil Nadu Chief Minister K. Palaniswami on Friday appealed to the Jain community for industrial investments in the state that offers several advantages. ... read..


India, Sri Lanka hold talks to prevent smuggling
New Delhi [India] | February 23, 2018 12:01:13 AM IST
India and Sri Lanka resolved to strengthen co-operation in preventing the smuggling of gold, drugs, fake Indian currency notes (FICN), wildlife, and other contraband across their route, and to address trade-related issues such as 'Country of Origin' fraud ... read..


Total mobile subscribers base grows to 988.49 million in Jan 2018
New Delhi [India] | February 23, 2018 12:01:13 AM IST
Cellular Operators Association of India (COAI), the apex industry association representing the country's major telecom, Internet, technology and digital services companies, on Friday released a report stating that the total mobile subscribers base in Janu ... read..


ADB to lend $84 mn to improve water supply in Bihar
New Delhi | Friday, 2018 6:45:05 PM IST
Multilateral lending agency Asian Development Bank (ADB) on Friday signed an agreement with the Indian government to lend $84 million to improve water supply in two cities of Bihar. ... read..


Work starts on Afghanistan section of TAPI gas pipeline to Pakistan, India
Herat | Friday, 2018 6:45:05 PM IST
A groundbreaking ceremony to launch the start of work on the Afghan section of the key Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project was held in the western Herat province amid tight security on Friday. The multi-million dollar gas pipel ... read..


Lenovo dethrones Datawind to top Indian tablet market
New Delhi | Friday, 2018 6:45:05 PM IST
Chinese technology major Lenovo has become market leader in the Indian tablet market replacing Datawind with 21 per cent share in the second half of 2017, with Samsung sharing the second position with Datawind at 16 per cent, a new report said on Friday. ... read..


India, Canada pledge to fight terrorism in all forms
New Delhi | Friday, 2018 6:45:05 PM IST
India and Canada on Friday pledged to combat terrorism in all its forms and manifestations while declaring that no country should allow its territory to be used for terrorist and violent extremist activities. ... read..


Punjab AAP leader flays Centre, NITI Aayog on farmer issues
Chandigarh | Friday, 2018 6:15:05 PM IST
Flaying the NITI Aayog and the central government, the AAP's Punjab unit on Friday said the Aayog's actions vis-a-vis farmers will escalate suicides by peasants in agrarian states like Punjab. ... read..


Equities propel on broad-based buying, cues from Asian markets (Roundup)
Mumbai | Friday, 2018 6:15:05 PM IST
The key Indian equity indices on Friday closed at almost a week's high levels as positive cues from the Asian markets, along with a strong rupee and value buying, uplifted investors' sentiments. ... read..


'Made in India' 4G LTE telecom system to connect rural areas
New Delhi | Friday, 2018 6:15:04 PM IST
In an effort to provide high-speed connectivity in rural areas, domestic telecom equipment manufacturer VNL on Friday unveiled a "Made in India" 4G LTE telecom system. ... read..


PNB shares plunge over 30% in 8 trade sessions
Mumbai | Friday, 2018 6:15:04 PM IST
During the eight trading sessions following the detection of a $1.8 billion fraud in one of the branches of the Punjab National Bank (PNB), the bank's shares on the BSE have plunged almost 30 per cent to a price of Rs 113.40 per share. ... read..


DEA, NBCC sign MoU for construction of housing for IES officers
New Delhi [India] | February 23, 2018 12:01:13 AM IST
The Department of Economic Affairs (DEA) and the National Buildings Construction Corporation (India) Ltd on Friday signed a Memorandum of Understanding (MOU) for construction of housing for Indian Economic Service (IES) officers. ... read..


Microsoft to accelerate digital literacy in Tamil Nadu
Chennai | Friday, 2018 5:45:04 PM IST
In a bid to improve the integration of technology in education, the Tamil Nadu government on Friday announced an agreement with Microsoft to enhance digital literacy across all levels in the state. ... read..


Huawei, Airtel conduct successful 5G trial in India
New Delhi | Friday, 2018 5:45:04 PM IST
Chinese technology giant Huawei and telecom services provider Bharti Airtel on Friday announced to have successfully conducted 5G network trial under a test set-up in India. ... read..


Srei Infra Advisory, UP govt partner to rejuvenate Agra
New Delhi [India] | February 23, 2018 12:01:13 AM IST
Srei Advisory, a division of Srei Infrastructure Finance Limited (Srei), and government of Uttar Pradesh on Friday signed a Memorandum of Understanding (MoU) announcing a new co-operation agreement to rejuvenate Agra as an iconic tourist-cum-holiday desti ... read..


PR Agency ICCPL looks forward to close FY 17-18 with over 47 pct growth
New Delhi [India] | February 23, 2018 12:01:13 AM IST
New Delhi [India], Feb 23 (ANI-Businesswire India): Integrated Centre for Consultancy Pvt. Ltd (ICCPL), a leading PR agency with a strong presence pan-India, is looking forward to closing FY 17-18 with an over 47 percent growth. ... read..


Max Design Awards 2017-18 Finale
New Delhi [India] | February 23, 2018 12:01:13 AM IST
New Delhi [India], Feb 23 (ANI-NewsVoir): The future of fashion took centre stage at the Grand Finale of the Max Design Awards 2017-18, presented by India's largest value fashion brand Max Fashion. Held at National Institute of Fashion Technology (NIFT), ... read..


Sensex reclaims 34,000 mark
New Delhi [India] | February 23, 2018 12:01:13 AM IST
Following a significant volatility last week, market indices traded on a positive note on Friday evening with the Sensex trading up 322.65 points to close at 34,142.15, and the Nifty close to 10,500 mark. ... read..


India's first 4G LTE Telecom system unveiled
New Delhi [India] | February 23, 2018 12:01:13 AM IST
New Delhi [India], Feb 23 (ANI-NewsVoir): Union Telecom Minister i Manoj Sinha today launched India's first locally developed 4G/LTE telecom system amid an international buyers-sellers meet of telecom industry. ... read..


ADB to give USD 84 mn for improving Bihar water supply
New Delhi [India] | February 23, 2018 12:01:13 AM IST
The Finance Ministry will get a loan of USD 84 million from the Asian Development Bank (ADB) to improve water supply in the Bhagalpur and Gaya districts of Bihar. ... read..


Auxilo Finserve firms up Rs. 150 crore. to finance higher studies and school infra development
New Delhi [India] | February 23, 2018 12:01:13 AM IST
New Delhi [India], Feb. 23 (ANI-NewsVoir): After having expanded its presence in Hyderabad and Chennai, Auxilo Finserve Pvt. Ltd., one of India's next-level education ecosystem financing NBFCs, has deliberated plans to serve the education needs of norther ... read..


Cisco appoints Miyuki Suzuki as President, Asia Pacific and Japan
Singapore | Friday, 2018 4:45:05 PM IST
Networking giant Cisco on Friday announced the appointment of Miyuki Suzuki as the new President for its Asia Pacific and Japan operations. ... read..


Equity indices close higher, Sensex rises over 300 points (Second Lead)
Mumbai | Friday, 2018 4:15:04 PM IST
The benchmark Sensex of the BSE surged over 300 points on Friday as positive cues from the Asian markets, along with healthy buying in almost all the sectors -- led by metals, banking and healthcare stocks -- kept investors' sentiments buoyed. ... read..


CEA considering Time of Day metering for EVs: Official
Kolkata | Friday, 2018 4:15:04 PM IST
The Central Electricity Authority (CEA) is considering Time of Day metering for the purpose of charging of electric vehicles (EVs), an official said here on Friday. ... read..


Airtel offers Rs 2,000 cashback on Motorola, Lenovo 4G devices
New Delhi | Friday, 2018 4:15:04 PM IST
As part of its "Mera Pehla Smartphone" initiative, Telecom services provider Bharti Airtel announced to offer a cashback of Rs 2,000 on select 4G Motorola and Lenovo smartphones. ... read..


Following fraud detection PNB transfers 1,415 employees
New Delhi | Friday, 2018 4:15:04 PM IST
In its bid to bury rumours that 18,000 employees have been transferred following the detection of $1.8 billion fraud, Punjab National Bank (PNB) has clarified it has only transferred 1,415 employees as part of its Rotational Transfer Policy. ... read..


Saveabhi to promote saving habits and create wealth for youth
New Delhi [India] | February 23, 2018 12:01:13 AM IST
Saveabhi, a start-up in fintech space today announced the launch of its android app that aims to promote saving and investment among Indian youth. ... read..


Flying cars or Hyperloop: Uber, Tesla fight it out on Twitter
New Delhi | Friday, 2018 3:45:04 PM IST
In a tug of war over flying taxis versus Hyperloop transport system, Uber CEO Dara Khosrowshahi and Tesla CEO Elon Musk came out in the open on the micro-blogging site Twitter when the former took a swipe at Tesla over the need to dig tunnels for its Next ... read..


Clarity on retrospective tax will help investments in India: UK IBC
New Delhi | Friday, 2018 3:15:04 PM IST
More certainty, predictability and clarity regarding retrospective taxation would help companies from the UK to invest more in India, Richard McCallum, Managing Director, UK India Business Council said here on Friday. ... read..


It is PNB's responsibility to validate, fix data breach: CloudSek
New Delhi | Friday, 2018 3:15:04 PM IST
A day after reports surfaced that nearly 10,000 credit or debit card holders of Punjab National Bank (PNB) were affected by a data breach, the cyber security firm that detected the breach on Friday said it is now the responsibility of the bank to validate ... read..


First sale of electoral bonds to begin in March
New Delhi [India] | February 23, 2018 12:01:13 AM IST
The Finance Ministry on Friday authorised the State Bank of India (SBI) to issue and encash electoral bonds from March 1, 2018. ... read..


Abu Dhabi's Yas Island offers Indian travelers new attractions
Mumbai (Maharashtra) [India] | February 23, 2018 12:01:13 AM IST
Mumbai (Maharashtra) [India], Feb. 23 (ANI-Businesswire India): As Middle East's top family entertainment and leisure destination celebrates its 10th anniversary year, Yas Island presented its unique portfolio of immersive experiences and world-class attr ... read..


Mayawati trashes 'UP Investors Summit', calls it waste of public money
Lucknow | Friday, 2018 2:45:05 PM IST
A day after the two-day 'UP Investors Summit' ended here, BSP supremo Mayawati on Friday trashed it and accused the state government of blowing up crores of rupees to "hide its failures and deflect public attention". ... read..


India 3rd largest visitors' source market: Singapore
New Delhi | Friday, 2018 2:45:04 PM IST
The Singapore Tourism Board (STB) on Friday said India has emerged as the third largest visitor arrivals (VA) source market for the island nation, notching the highest growth rate of 16 per cent. ... read..


US makes H-1B visa approval tougher for 3rd-party worksites
Washington | Friday, 2018 2:45:04 PM IST
In a move that is likely to hit Indian IT firms and their employees, the Trump administration has announced a new measure that makes it tougher to issue H-1B visas to those to be employed at one or more third-party worksites. ... read..


3-day Google India summit to nurture youth in technology
Panaji | Friday, 2018 2:15:05 PM IST
With an aim to creating a pool of highly-skilled workforce in the country, Google on Friday announced a three-day 'Developer Students Club' (DSC) summit in Goa. ... read..


PNB fraud: ED freezes Nirav's bank account, shares worth Rs 43 cr
New Delhi/Mumbai | Friday, 2018 2:15:05 PM IST
The Enforcement Directorate on Friday said it has frozen diamond trader Nirav Modi's bank account and shares worth Rs 43 crore in connection with an ongoing probe in the Rs 11,300 crore Punjab National Bank fraud case. ... read..


Merck Foundation to empower infertile women in Gambia
New Delhi [India] | February 23, 2018 12:01:13 AM IST
New Delhi [India], Feb 23 (ANI-Businesswire India): Merck Foundation, a non-profit organization and a subsidiary of Merck KGaA Germany, is partnering with the First Lady of Gambia, Fatoumatta Bah Barrow, to empower infertile women across Africa. ... read..


New Rolls-Royce Phantom debuts in South India
Chennai (Tamil Nadu) [India] | February 23, 2018 12:01:13 AM IST
Chennai (Tamil Nadu) [India], Feb 23 (ANI-Businesswire India): The eagerly-anticipated New Phantom from Rolls-Royce Motor Cars made its debut today in South India, at an event held in Chennai with the sole authorised Rolls-Royce Motor Cars dealer for Chen ... read..


Zoomcar, Paytm tie-up to re-define customer experience
New Delhi [India] | February 23, 2018 12:01:13 AM IST
Self-drive car rental company Zoomcar on Friday announced its partnership with the country's largest mobile-first financial services platform Paytm, across the former's various platforms, namely PEDL, renting cars and ZAP. ... read..


DLF's The Crest' Luxury Condominium witnesses record sales
Gurugram (Haryana) [India] | February 23, 2018 12:01:13 AM IST
Gurugram (Haryana) [India], Feb 23 (ANI-NewsVoir): One of the unique highlights of DLF-5 is their recent offering The Crest, a luxurious residential three and four BHK apartment complex at Park Drive, Gurugram. The Crest launches its last tower today and ... read..


Rs 60,000 cr affordable housing project in pipeline: Minister Hardeep Puri
New Delhi | Friday, 2018 1:45:04 PM IST
Admitting that India's urban infrastructure was under "extreme strain", Union Minister of State for Housing and Urban Affairs Hardeep Singh Puri has said the government was committed to bringing holistic transformation in the country's infrastructure deve ... read..


Equity indices surge, Sensex rises over 200 points (Lead)
Mumbai | Friday, 2018 1:45:04 PM IST
Positive cues from the Asian markets -- along with healthy buying in almost all the sectors led by metals, banking and healthcare stocks -- lifted the key Indian equity indices during the mid-afternoon trade session on Friday. ... read..


Elon Musk quits OpenAI group to avoid conflict with Tesla
San Francisco | Friday, 2018 1:45:04 PM IST
SpaceX and Tesla CEO Elon Musk has quit the board of OpenAI, a non-profit artificial intelligence (AI) research company he co-founded that aims to promote and develop friendly AI that benefits the humanity. ... read..


Facebook making ad metrics clearer on its platforms
San Francisco | Friday, 2018 12:45:04 PM IST
To give businesses more insight into a company's measurement tools to calculate the impact of advertisements on its platforms, Facebook has introduced new labels on some of its metrics. ... read..


Instagram to terminate its global community team
San Francisco | Friday, 2018 12:45:04 PM IST
Popular photo-sharing app Instagram is terminating its veteran Global Community Team that worked to build deep ties with photographers and promote the service around the world as part of restructuring in the company, media reported. ... read..


Airbnb unveils roadmap to bring magical travel to everyone
New Delhi [India] | February 23, 2018 12:01:13 AM IST
Online hospitality service provider Airbnb on Friday unveiled its roadmap for core 'Homes' business, which is designed to bring the transformative benefits of local, personal and authentic travel to every type of traveler. ... read..


LED waterfall, digital lake at Microsoft's Dublin office
London | Friday, 2018 11:45:04 AM IST
An LED waterfall, a digital lake, an indoor "mountain" and a "DreamSpace" for teaching the next generation about technology: This is what Microsoft's new office "One Microsoft Place" in Dublin houses. ... read..


Coca-Cola India to be key player in Indian 'fruit circular economy'
Chennai | Friday, 2018 11:15:05 AM IST
Expanding its fruit based beverage offerings, frozen fruit dessert, getting into dairy based value added products and also exporting those products developed in India, are some of the plans of Coca-Cola India Pvt Ltd, said a top company official. ... read..


Huawei to showcase world's 1st smartphone-driven car
Barcelona | Friday, 2018 11:15:05 AM IST
In a first, Huawei has unveiled a technology that uses Artificial Intelligence-enabled smartphone to drive a car that can not only identify objects on the road but take smart decisions to avoid collisions or hitting someone. ... read..


Greek minister welcomes upgrade of Greece's credit rating
Athens | Friday, 2018 7:15:04 AM IST
The Greek Finance Ministry has welcomed the new upgrade of Greece's credit rating by Moody's as one more sign that Greek economy is recovering from the debt crisis. ... read..


US dollar falls against major currencies
New York | Friday, 2018 7:15:04 AM IST
The US dollar has declined against most major currencies after reaching a 10-day high in the earlier session. ... read..


US stocks close mixed amid economic data
New York | Friday, 2018 4:15:04 AM IST
US stocks closed mixed on Thursday, as investors digested the latest economic data. ... read..


Income Tax conducts search operation in RDB Group
Kolkata | Thursday, 2018 11:45:04 PM IST
A day after US President Donald Trump eldest son, Donald Trump Jr visited the city, the income tax officials on Thursday conducted a "search operation" in the offices of RDB Group, one of whose firms is a partner of Kolkata Trump Tower Project. ... read..


Indian scientists develop test bed to generate clean energy
Bengaluru | Thursday, 2018 11:45:04 PM IST
Indian scientists have developed a supercritical Carbon Dioxide (CO2) Brayton test facility at the Indian Institute of Science (IISc) here to generate clean energy from power plants, including solar thermal, the premier institute said on Thursday. ... read..


Iran threatens to quit nuclear deal
Tehran | Thursday, 2018 11:15:04 PM IST
Iran may withdraw from the 2015 international nuclear deal if it cannot receive economic benefits, Iranian Deputy Foreign Minister Abbas Araghchi said on Thursday. ... read..


PNB fraud: Can't depose, says Nirav Modi; ED seizes assets (Night Lead)
New Delhi | Thursday, 2018 11:15:04 PM IST
Diamond czar Nirav Modi, who is being investigated in India for over Rs 11,300 crore Punjab National Bank along with his uncle Mehul Choksi of the Gitanjali Group, on Thursday told the Enforcement Directorate (ED) saying that he could not appear before it ... read..


Asset quality of microfinance institutions improves: Crisil
New Delhi | Thursday, 2018 7:15:05 PM IST
Asset quality of microfinance institutions (MFI), including small finance banks, has come out of the impact of demonetisation and stabilised since June 2017, a Crisil report said here on Thursday. ... read..


FPSB India, IIM Lucknow launch report on responsible lending
Mumbai | Thursday, 2018 7:15:05 PM IST
Aiming to introduce Indian consumers to the concept of responsible lending practices, the Financial Planning Standards Board India (FPSB) and IIM Lucknow have released a report titled "Navigator of Responsible Lending-India", a statement said on Thursday. ... read..


No plans to merge BSNL, MTNL: Manoj Sinha
New Delhi | Thursday, 2018 7:15:05 PM IST
Telecom Minister Manoj Sinha on Thursday said the government has no plans to merge the two state-run telecom companies Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL) at present. ... read..


GE's new locomotives a paradigm shift in Indian railways diesel family: Lohani
Lucknow | Thursday, 2018 7:15:05 PM IST
Railway Board Chairman Ashwani Lohani on Thursday said the delivery of two 4,500 HP diesel-electric evolution series locomotives manufactured by GE is "a paradigm shift in diesel locomotive family". ... read..


Canada, India committed to diversity, trip yielded $1 bn investment: Trudeau
New Delhi | Thursday, 2018 7:15:05 PM IST
With his first official visit to India yielding bilateral investments worth over $1 billion, Canadian Prime Minister Justin Trudeau on Thursday said that both nations have close bonds owing to their deep and shared commitment to democracy and diversity. ... read..


Xiaomi sells over 3 lakh Redmi Note 5, Redmi Note 5 Pro in 3 minutes
New Delhi | Thursday, 2018 7:15:05 PM IST
Chinese smartphone maker Xiaomi sold more than three lakh units of its newly-launched Redmi Note 5 and Redmi Note 5 Pro in just three minutes during its first online sale on Thursday. ... read..


Rise of digital media unstoppable: Experts
Gurugram | Thursday, 2018 7:15:05 PM IST
With the country's young population increasingly using smartphones and other digital devices for news consumption, going digital has never been more important for news distribution, a group of experts has said. ... read..


New WhatsApp Terms of Service reveals close collaboration with Facebook
New Delhi | Thursday, 2018 7:15:05 PM IST
In an apparent hint that Facebook is set to monetise its WhatsApp operations, a new Terms of Service (ToS) spotted in the Google Play Beta Programme says that WhatsApp will work with Facebook companies over the next year to help businesses connect with it ... read..


PNB reasserts it has enough capital and assets to meet liability
Mumbai | Thursday, 2018 7:15:04 PM IST
The $1.8 billion fraud-hit Punjab National Bank (PNB) on Thursday reiterated that it had enough assets/capital to meet any liability which is decided as per law. ... read..


Finnish sawmill companies foresee remarkable business potential in India
New Delhi [India] | February 22, 2018 12:01:13 AM IST
Wood from Finland, a national promotion program for Finnish sawn timber managed by Business Finland and the Finnish Sawmills Association is for the first time bringing several Finnish companies to the 10th edition of IndiaWood 2018 in order for them to in ... read..


India needs STEM approach in childhood education: Dr. Gaurav Nigam
New Delhi [India] | February 22, 2018 12:01:13 AM IST
New Delhi [India], Feb 22 (NewsVoir): Dr. Gaurav Nigam, a well-known educationist, pediatrician, Founder of iCare and Intelligentsia is advocating implementation of the STEM approach in education in the country, particularly for the early stages of educat ... read..


FPSB India, IIM Lucknow unveil 'Navigator of Responsible Lending-India'
Mumbai (Maharashtra) [India] | February 22, 2018 12:01:13 AM IST
Mumbai (Maharashtra) [India], Feb 22 (NewsVoir): Financial Planning Standards Board India (FPSB) and the Indian Institute of Management, Lucknow, have released the "Navigator of Responsible Lending - India" - a first of its kind report on the state of Ind ... read..


Urban infrastructure is an 'engine of growth', says Jaitley
Lucknow (Uttar Pradesh) [India] | February 22, 2018 12:01:13 AM IST
Union Finance Minister Arun Jaitley on Thursday termed urban infrastructure as an "engine of growth," adding that it is crucial for investment in the state of Uttar Pradesh. ... read..


Volatility on F&O expiry, global cues pull equities lower (Roundup)
Mumbai | Thursday, 2018 6:45:04 PM IST
Volatility infused by futures and options (F&O) expiry, along with negative global cues and a weak rupee, pulled the key Indian equity indices lower on Thursday. ... read..


DoT unveils strategic plan for synergy among seven PSUs (Lead)
New Delhi | Thursday, 2018 6:45:04 PM IST
The Department of Telecommunications (DoT) on Thursday announced what it called a "strategic plan" to bring synergy among seven telecom public sector units (PSUs) under it to ensure their effective functioning. ... read..


Over 90% Indians want to remotely manage IoT at home: Report
Mumbai | Thursday, 2018 6:45:04 PM IST
Over 90 per cent Indians would be keen to experience a reality where Internet Of Things (IoT) devices could make their lives simpler by enabling them to monitor and manage their home appliances remotely in real-time, a new report said on Thursday. ... read..


India, Kenya revise tax treaty
New Delhi | Thursday, 2018 6:45:04 PM IST
The Indian and Kenyan governments have revised their double taxation avoidance agreement (DTAA) to bring down the withholding tax rates, protect treaty from abuse and check tax evasion, an official statement said on Thursday. ... read..


Fujifilm brings 'X-H1' mirrorless digital camera in India
New Delhi | Thursday, 2018 6:15:04 PM IST
Expanding its X series, Fujifilm India on Thursday launched "X-H1" mirrorless digital camera for Rs 1,49,999 (for body only) and Rs 1,72,999 (for body and battery grip). ... read..


Idea offers Rs 2k cashback on 4G smartphones
Mumbai | Thursday, 2018 6:15:04 PM IST
Telecom operator Idea Cellular on Thursday said it has offered a cashback of Rs 2,000 on the purchase of a new 4G smartphone of any brand with effect from February 23. ... read..


Multi-dimensional inequality rising amid India's 'jobless growth': Report
New Delhi | Thursday, 2018 6:15:04 PM IST
Inequality in India has been rising since 1991 (post-liberilisation) and extended beyond just being income and consumption gap, to non-income dimensions like education, health, nutrition, sanitation and opportunities, a report released on Thursday said. ... read..


Modi talks of Nagaland's development, says Naga issue's resolution soon
Tuensang (Nagaland) | Thursday, 2018 5:45:04 PM IST
Assuring that the Centre is working towards finding an honourable settlement to the vexed Naga issue, Prime Minister Narendra Modi on Thursday appealed to the state electorate to vote the BJP and ally NDPP to power for political stability in the hill stat ... read..


Japanese firm Sumitomo enters Indian real estate with Krishna Group
New Delhi | Thursday, 2018 5:45:04 PM IST
Marking its entry into Indian real estate sector, Japanese major Sumitomo Corporation and Krishna group on Thursday announced the launch of their real estate joint venture, Krisumi Corporation with an investment of $2 billion. ... read..


CENTRiC Mobiles to invest Rs 648 cr in Uttar Pradesh
Lucknow | Thursday, 2018 5:45:04 PM IST
Domestic smartphone brand CENTRiC Mobiles on Thursday announced to invest Rs 648 crore towards setting up a research and development and manufacturing unit for mobile phones in Uttar Pradesh. ... read..


Mobile app e-saathi launched at UP Investors Summit
Lucknow | Thursday, 2018 5:45:04 PM IST
On the second and last day of the UP Investors Summit here on Thursday, a mobile application - e-Saathi -- was launched. ... read..


TERI school organizes first ICBESD
New Delhi [India] | February 22, 2018 12:01:13 AM IST
New Delhi [India], Feb. 22 (ANI-NewsVoir): The Department of Business and Sustainability at the TERI School of Advanced Studies (TERI-SAS) recently organised the International Conference on Business, Economics and Sustainable Development (ICBESD). ... read..


StupidApp does its bit for nation building
Bengaluru (Karnataka) [India] | February 22, 2018 12:01:13 AM IST
Bengaluru (Karnataka) [India], Feb. 22 (ANI-NewsVoir): For those who have been using multiple quiz and trivia gaming apps for winning cash prizes, StupidApp really has something new up its sleeves. ... read..


Nirav's PNB fraud started in 2008, arrested bank officials tell CBI (Lead)
New Delhi | Thursday, 2018 5:15:04 PM IST
The practice of illegally issuing Letters of Undertaking (LoUs) and Foreign Letter of Credit (FLCs) and then rolling them over to favour Nirav Modi and Mehul Choksi groups started in 2008 and continued till these were discovered in January this year, acco ... read..


Reveal list of those whose NPAs have been written off: CPI-M
Thrissur (Kerala) | Thursday, 2018 5:15:04 PM IST
The CPI-M on Thursday demanded that the Central government make public the list of persons whose outstanding bank loans, or non-performing assets, to public sector banks, spanning oRs 2.40 lakh crore had been written off. ... read..


LOTS Wholesale announces Rs.250 cr investment over three years in UP
New Delhi [India] | February 22, 2018 12:01:13 AM IST
Amid the ongoing Uttar Pradesh (UP) Investors' Summit, LOTS Wholesale Solutions, a 100 percent subsidiary of Siam Makro, signed a memorandum of understanding (MoU) with the state government, whereby the company will open wholesale outlets in the state in ... read..


Co-living space provider CoLive raises Rs.12 crore towards expansion
New Delhi [India] | February 22, 2018 12:01:13 AM IST
CoLive, a technology-driven platform for rentable branded and serviced homes raised a sum of Rs. 12 crores in its latest funding round, to be utilised towards expanding its presence and to realise its goal of offering 1 million managed homes, in 25 cities ... read..


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