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Headline
Parched Chennai will get drinking water, assures CM (2nd Lead)
Chennai, June 18 (IANS) With reservoirs supplying water to Chennai drying up and ground water levels plummeting in absence of rain, water has become scarce but the government is taking necessary steps to supply drinking water to people, Tamil Nadu Chief Minister K. Palaniswami said on Tuesday.
2019-06-18
Category: India, Tamil Nadu,National,Business/Economy,Environment/Wildlife,Politics
Industry concerns on e-commerce policy to be addressed: Goyal
New Delhi, June 18 (IANS) Commerce Minister Piyush Goyal has assured Indian e-commerce players that their concerns regarding the draft e-commerce policy will be addressed and also asked them to send their concerns to the Department for Promotion of Industry and Internal Trade (DPIIT) in the next 10 days.
2019-06-18
Category: India, Delhi,National,Technology,Business/Economy
Ahead of Union Budget, PM meets key Secretaries
New Delhi, June 18 (IANS) Prime Minister Narendra Modi on Tuesday met the Finance Ministry Secretaries along with Secretaries of few other ministries and Niti Aayog CEO on suggestions and roadmap for the economy and the upcoming Union Budget 2019-2020.
2019-06-18
Category: India, Delhi,Business/Economy,Politics
Sensex, Nifty end marginally higher, Jet ends 40% down
Mumbai, June 18 (IANS) Snapping a four-day losing streak, the benchmark indices Sensex and Nifty closed marginally higher on Tuesday after a choppy day of trade.
2019-06-18
Category: India, Maharashtra,Business/Economy
Punjab seeks Centre's help in foodgrain storage
Chandigarh, June 18 (IANS) Punjab Chief Minister Amarinder Singh has sought Prime Minister Narendra Modi's intervention for permission to construct covered godowns for scientific storage of foodgrains to address the acute shortage of covered storage space in the state.
2019-06-18
Category: India, Punjab,National,Business/Economy
Bharti AXA General premium income surges 29% to Rs 2,285 cr in FY19
New Delhi, June 18 (IANS) Bharti AXA General Insurance on Tuesday said the company registered an increase of 29 per cent in its Gross Written Premium (GWP) to Rs 2,285 crore in the financial year 2018-19 from Rs 1,772 crore in 2017-18.
2019-06-18
Category: India, Delhi,Business/Economy
Auctioneer Sotheby's announces its acquistion for $3.7 bn
New York, June 18 (IANS) International auction house Sotheby's has made a formal announcement of its acquisition by French-Israeli telecommunications mogul Patrick Drahi for $3.7 billion.
2019-06-18
Category: International, United States,Business/Economy,Art/Culture/Books
Diversifying crops will mitigate climate impact in India: Study
New York, June 18 (IANS) Diversifying the crops in India can be an effective way to adapt its food-production systems to the growing influence of extreme climate change, said US researchers including Indian-origin.
2019-06-18
Category: International, United States,Business/Economy,Environment/Wildlife,Science/Tech
World Food India to be held from Nov 1-4
New Delhi, June 17 (IANS) The Union Minister for Food Processing Industries, Harsimrat Kaur Badal, said on Monday that the World Food India (WFI) 2019 will be held from November 1-4.
2019-06-17
Category: India, Delhi,National,Business/Economy,Politics
Sobha ranked India's top realty brand: Report
New Delhi, June 17 (IANS) Bengaluru-based Sobha Limited was ranked first in the Track2Realty brand ranking for the year 2018-19, followed by Embassy Group in the second position.
2019-06-17
Category: India, Delhi,Business/Economy
Lenders to take Jet Airways to NCLT, revival hope gets bleaker
New Delhi, June 17 (IANS) The future of the grounded Jet Airways just got a shade bleaker on Monday with the lenders, led by State Bank of India (SBI), deciding to initiate bankruptcy proceedings against the airline after all attempts to rope in a buyer failed.
2019-06-17
Category: India, Delhi,Business/Economy
Global CRM software grew 15.6% in 2018: Gartner
Mumbai, June 17 (IANS) Global spending on customer experience and relationship management (CRM) software grew 15.6 per cent to touch $48.2 billion in 2018, a new report from Gartner said on Monday.
2019-06-17
Category: India, Maharashtra,Business/Economy,Technology
E-vehicle sector for priority-lending, R&D incentives in Budget
New Delhi, June 17 (IANS) With government committed to bringing the electric vehicle (EV) revolution to India in the next few years, the industry expectations from the Union Budget 2019-20 run high.
2019-06-17
Category: India, Delhi,National,Business/Economy,Technology
Electricity restored in Argentina after historic blackout
Buenos Aires, June 17 (IANS) Electricity was restored across Argentina after a massive power outage due to an electrical grid failure led to a historic blackout in the country.
2019-06-17
Category: International, Costa Rica,Business/Economy,Politics
Yashovardhan Birla declared willful defaulter by UCO Bank
Mumbai, June 16 (IANS) UCO Bank on Sunday declared Yashovardhan Birla, the Director of Birla Surya Ltd, as a willful defaulter after the company failed to repay loans of Rs 67.65 crore.
2019-06-16
Category: India, Maharashtra,National,Business/Economy
Week ahead to be choppy, trade cautiously (Column: Market Watch)
Markets continued to remain choppy and gained on two trading days, lost on two days and were flat on the fifth day. BSE SENSEX lost 163.83 points or 0.41 per cent to close at 39,452.07 points while NIFTY lost 47.35 points or 0.40 per cent to close at 11,823.30 points. The broader indices saw BSE100, BSE200 and BSE500 lose a little more at 0.51 per cent, 0.60 per cent and 0.70 per cent respectively. Dow Jones gained 105.67 points or 0.41 per cent to close at 26,089.61 points.
2019-06-16
Category: India, Kerala,Business/Economy,Opinion/Commentary
Telecom tower firms seek more relief, priority lending
New Delhi, June 16 (IANS) The telecom tower industry has urged the Finance Ministry to allow accelerated depreciation rate of 65 per cent on batteries, 20 per cent funding through External Commercial Borrowings (ECB) for the working capital and inclusion of telecom towers in the priority sector for lending by banks.
2019-06-16
Category: India, Delhi,National,Business/Economy
Geo-political tensions, monsoon's progress to steer equities (Market Outlook)
Mumbai, June 16 (IANS) Rising geo-political tensions in the Persian Gulf region along with concerns over global economic growth and the pace of monsoon's progress will flare-up volatility in the Indian equity market next week, experts opined.
2019-06-16
Category: India, Maharashtra,Business/Economy
Address digital infra, tax & data issues: Start-ups to govt
New Delhi, June 15 (IANS) Representatives of digital economy and start-ups on Saturday urged the government to build digital infrastructure and scale up and incentivise research & development within India.
2019-06-15
Category: India, Delhi,National,Business/Economy
J&K Bank to now come under RTI act, CVC guidelines
Srinagar, June 15 (IANS) The board of directors of Jammu & Kashmir Bank on Saturday decided to bring the bank under the J&K RTI Act, 2009 and the CVC guidelines with effect from Monday.
2019-06-15
Category: India, Jammu And Kashmir,Business/Economy
India raises duty on US exports as retaliatory action
New Delhi, June 15 (IANS) Hitting back at the Trump administration for withdrawing trade privileges for certain Indian goods, the Indian government on Saturday raised custom duty on various items, including walnut and apples, exported from the US.
2019-06-15
Category: India, Delhi,Business/Economy,Diplomacy,Politics
TUs seek national fund for unorganised workers
New Delhi, June 15 (IANS) Introduction of a comprehensive unemployment insurance scheme, creation of a 'National Fund' for unorganised workers to provide social security and strict enforcement of Minimum Wages Act were among the key sugegstions given by the various trade unions to the Finance Ministry on Saturday.
2019-06-15
Category: India, Delhi,National,Business/Economy
High-powered panel for structural reforms in agriculture: Modi
New Delhi, June 15 (IANS) Prime Minister Narendra Modi on Saturday announced a high powered committee, comprising Chief Ministers, to recommend structural reforms in agriculture, while urging the states to contribute in making India a $5 trillion economy by 2024.
2019-06-15
Category: India, Delhi,National,Business/Economy,Politics
Make natural calamity criteria for special status: Naveen
New Delhi, June 15 (IANS) Odisha Chief Minister Naveen Patnaik on Saturday demanded that natural calamities should be included as a criteria for according Special Category Status to states.
2019-06-15
Category: India, Delhi,National,Business/Economy,Politics
Jammu traders demand abolishing state toll tax at Lakhanpur
Jammu, June 15 (IANS) Traders in winter capital Jammu on Saturday demanded that the toll tax collected by Jammu and Kashmir government at Lakhanpur entry point into the state be abolished.
2019-06-15
Category: India, Jammu And Kashmir,National,Business/Economy
Ratings upgrade: Standard procedures to detect default for accurate guidance
Mumbai, June 15 (IANS) Uniform procedures to track defaults along with increased disclosures on liquidity factors will aid credit rating agencies to provide grater insights into companies, industry insiders said.
2019-06-15
Category: India, Maharashtra,National,Business/Economy
New compounding rules make it difficult for tax evaders to get away
New Delhi, June 15 (IANS) Tightening the screw on tax evaders, the revised guidelines issued by the Income Tax (I-T) Department have made serious offences under black money and benami laws "generally" non-compoundable.
2019-06-15
Category: India, Delhi,National,Crime/Disaster/Accident,Business/Economy
Xiaomi supplier opens 1st India manufacturing plant
Noida, June 15 (IANS) Xiaomi supplier Holitech Technology on Saturday said it has inaugurated its first component manufacturing plant in Greater Noida and will invest nearly $200 million over three years in the country.
2019-06-15
Category: India, Uttar Pradesh,Business/Economy,Technology
Making India 5-trillion-dollar economy challenging but can be achieved: Modi
New Delhi, June 15 (IANS) Prime Minister Narendra Modi said on Saturday that the goal to make India a five-trillion-dollar economy is challenging but can be achieved and asked the states to recognise their core competence and work towards raising GDP targets.
2019-06-15
Category: India, Delhi,National,Business/Economy
ALERT: Prime Minister to chair Niti Aayog meeting today
rtp
2019-06-15
Category: India, Maharashtra,National,Business/Economy,Politics
Facebook to rank comments to make conversations meaningful
San Francisco, June 15 (IANS) In a move to make conversations on public posts more meaningful, Facebook has rolled out an update where it will rank comments to promote those that are most relevant to users.
2019-06-15
Category: International, Costa Rica,Business/Economy,Technology
ED files case against Bengaluru firm for Ponzi scheme
Bengaluru, June 14 (IANS) The Enforcement Directorate (ED) filed a money laundering case against city-based IMA Jewels for operating an alleged Ponzi scheme and swindling crores of rupees from thousands of investors, an official said on Friday.
2019-06-14
Category: India, Karnataka,Business/Economy,Crime/Disaster/Accident
India might impose retaliatory import tariffs on 29 US items
New Delhi, June 14 (IANS) India might finally go ahead to impose retaliatory import tariffs against some US goods, sources said on Friday.
2019-06-14
Category: India, Delhi,Business/Economy,Diplomacy
Government should frame tax-friendly SEZ policy: Nasscom
New Delhi, June 14 (IANS) Recommending measures to be taken for the IT industry in the upcoming general budget, IT industry's apex body Nasscom said that the government should frame a tax-friendly policy for Special Economic Zones (SEZ) for a period of 20 years.
2019-06-14
Category: India, Delhi,Business/Economy,Technology
India's May merchandise exports up 4%, imports rise 4.31% (Roundup)
New Delhi, June 14 (IANS) India's merchandise exports rose 3.93 per cent on a year-on-year basis in May to $29.99 billion from $28.86 billion reported for the corresponding month of last year, official data showed on Friday.
2019-06-14
Category: India, Delhi,Business/Economy
SCO members for concerted effort against cross-border terror
Bishkek, June 14 (IANS) The SCO on Friday called for closer coordination among the international community over terrorism's cross-border threat and sought comprehensive measures to intensify efforts against terrorism and its ideology and to eliminate the factors that promote it.
2019-06-14
Category: International, Kyrgyzstan,Diplomacy,Business/Economy,Defence/Security,Terrorism
Prannoy, Radhika Roy barred from holding any key position in NDTV
Mumbai, June 14 (IANS) Securities market regulator SEBI on Friday debarred NDTV's promoters Prannoy Roy and Radhika Roy from holding any key managerial positions in the Board or the management of the news channel company for being "involved in fraudulent acts".
2019-06-14
Category: India, Maharashtra,National,Business/Economy,Media
Attack in Gulf of Oman lifts oil, shale outlook
New York, June 14 (IANS) Shale producers stand to benefit from the oil-market volatility unleashed by an attack on two oil tankers in the Gulf of Oman, as US companies vie with the Organization of the Petroleum Exporting Countries (OPEC) for global market share, the media reported on Friday.
2019-06-14
Category: International, United States,Business/Economy,Diplomacy
Goa CM offers midnight meal to flyers in delayed AI flight
Panaji, June 14 (IANS) Stranded at Mumbaia's Chhatrapati Shivaji airport late last night for several hours, protesting passengers of an Air India Bombay to Goa flight were offered a free meal from an airport restaurant at the instance of Goa Chief Minister Pramod Sawant, a passenger said on Friday.
2019-06-14
Category: India, Goa,Business/Economy
Farmers have to pay Rs 100 per month under pension scheme
New Delhi, June 13 (IANS) Farmers in the country are expected to contribute Rs 100 per month under the Pradhan Mantri Kisan Pension Yojana that seeks to provide minimum monthly pension of Rs 3,000 on attainment of 60 years of age, the Union Agriculture Ministry said on Thursday.
2019-06-13
Category: India, Delhi,National,Business/Economy
Cyclone Vayu: Flights to resume across 5 airports in Gujarat
New Delhi, June 13 (IANS) In the wake of Cyclone Vayu, flight services to some 5 airports in Gujarat will become operational from Thursday.
2019-06-13
Category: India, Delhi,National,Crime/Disaster/Accident,Business/Economy
Armed forces, postal dept funds among those with exposure to IL&FS
Mumbai, June 13 (IANS) Prominent private and public provident funds like Infosys Ltd PF, Hewlett-Packard Global Ltd PF, The Times of India PF, the Postal Life Insurance Fund, the NPS Trust, and the Army Group Insurance Fund are exposed to non-convertible debentures (NCDs) of IL&FS Financial Services (IFIN), the company at the centre of the IL&FS fiasco.
2019-06-13
Category: India, Maharashtra,Business/Economy
Karnataka orders banks to waive crop loans: Official
Bengaluru, June 13 (IANS) Amid conflicting reports banks withdrawing the money deposited earlier in farmers accounts after the recent general elections, the Karnataka government has ordered the waiver of all crop loans farmers borrowed from state-run banks, an official said on Thursday.
2019-06-13
Category: India, Karnataka,Business/Economy,Politics
Oil prices jump nearly 4% over attack on oil tankers
Mumbai, June 13 (IANS) The benchmark Brent Crude on Thursday logged a steep jump of nearly 4 per cent over reports of attack on oil tankers in the Gulf of Oman.
2019-06-13
Category: India, Maharashtra,Business/Economy
Nissan CEO admits differences with Renault over reforms
Tokyo, June 13 (IANS) Nissan Motor's chief executive Hiroto Saikawa on Thursday said his company had differences of opinion with Renault over of the Japanese carmaker's corporate reform plans and the two sides were discussing the issue.
2019-06-13
Category: International, Japan,Business/Economy
No capital need for SBI from government: Chairman
New Delhi, June 13 (IANS) State Bank of India Chairman Rajnish Kumar on Thursday said the bank does not need any capital from the government.
2019-06-13
Category: India, Delhi,National,Business/Economy
Indiabulls petitioners withdraw from SC amid hints of criminal conspiracy
New Delhi, June 13 (IANS) Indiabulls Housing Finance Ltd. said on THursday that Abhay Yadav, the petitioner who alleged that the company and its Chairman Sameer Gehlaut misappropriated funds, withdrew his writ petition from the Supreme Court.
2019-06-13
Category: India, Delhi,National,Immigration/Law/Rights,Business/Economy
NBFC liquidity, NPAs figure in Sitharaman's pre-Budget meet
New Delhi, June 13 (IANS) Finance Minister Nirmala Sitharaman's pre-Budget consultations with financial and capital market stakeholders on Thursday discussed creation of a dedicated liquidity window for non-banking finance companies (NBFCs)sector, review of interest rates on Small Savings Schemes and banks' non-performing assets (NPAs or bad loans), among other issues, an official said.
2019-06-13
Category: India, Delhi,Business/Economy
FDI in India grew by 6% to $42bn in 2019: UNCTAD
United Nations, June 13 (IANS) Foreign Direct Investment (FDI) in India grew by 6 per cent to $42 billion last year, according to the UN Conference on Trade and Development (UNCTAD).
2019-06-13
Category: International, United States,Business/Economy
PWC observations baseless, unjustified: Reliance Capital
Mumbai, June 13 (IANS) The Anil Ambani-led Reliance Capital Ltd on Thursday termed audit firm Price Waterhouse & Co's (PWC) observations as baseless and unjustified.
2019-06-13
Category: India, Maharashtra,Business/Economy