‘India's 5G, IoT ambitions to ride on core networks’

Saturday, 17 Mar 2018 | PTI | New Delhi

India’s aspiration to take a leading role in 5G and Internet of Things (IoT) will ride on its ability to build core networks for new-age technologies and an enabling industry ecosystem, DoT Secretary Aruna Sundararajan said on Friday. Terming the next-generation technologies like IoT critical, Sundararajan said the government’s endeavour is...

Over 1,700 card, net banking frauds reported in 2017: Govt

Saturday, 17 Mar 2018 | PTI | New Delhi

Over 1,700 cases of fraud related to credit/debit card and Internet banking with the extent of losses touching Rs 71.48 crore were reported in 2017, Parliament was informed on Friday. A total of 1,785 cases related to credit/debit card and Internet banking for amounts involving Rs 1 lakh and more were...

Binani Ind moves NCLAT over sale of Binani Cements

Saturday, 17 Mar 2018 | PTI | New Delhi

Binani Industries has moved the National Company Law Appellate Tribunal against the Resolution Professional (RP) of Binani Cement, alleging that its order was not followed while declaring the successful resolution plan for the struggling cement maker. Binani Industries has also asked the NCLAT to declare the meeting of the Committee of...

Current telecom market don’t warrant regulatory intervention: CCI chief

Saturday, 17 Mar 2018 | PTI | New Delhi

A month after telecom regulator TRAI issued norms on predatory pricing, competition watchdog CCI on Friday said current market conditions do not warrant “regulatory intervention” to curb such practices. The comments assume significance as certain sections in the telecom industry are not happy with the decision of TRAI, wherein telcos could...

11 non-operational coal mines to start production from June

Saturday, 17 Mar 2018 | PTI | New Delhi

As many as 11 coal blocks, which were non-operational at the time of auction, are likely to start production from June this year, Parliament was informed on Friday. Among the 17 producing coal mines that were auctioned, 12 have started operations, according to Coal Minister Piyush Goyal. The government had auctioned...

Suzuki unveils Intruder variant priced at Rs 1,06,896

Saturday, 17 Mar 2018 | PTI | Mumbai

Suzuki Motorcycle India on Friday launched an advanced version of its bike Intruder with a fuel injection option in a bid to tighten its hold further in the cruiser segment. The new Intruder bike is priced at Rs 1,06,896. The Intruder was launched last November and now comes equipped with Suzuki’s...

Millenials eager to invest for wealth creation: Survey

Saturday, 17 Mar 2018 | PTI | New Delhi

Millenials, in the age group of 22-30 years, are eager to invest for wealth creation and those earning below Rs 25,000 per month are saving around 11 per cent of their income, says a survey. According to a survey by fintech startup Saveabhi, millenials earning below Rs 25,000 per month are...

Business Corner

Saturday, 17 Mar 2018 | PNS

Patrolmen spots track fracture, averts tragedy Alert Track Patrolmen detected Rail fracture and stopped passenger train timely near Yamuna bridge and averted possible Accident Priya Swami ,Keyman alongwith Ram Niwas, Trackman were on patrol duty on Tilak Bridge – Yamuna Bridge section on March 13, 2018 at about 7.55 a.m., they...

Investors poorer by Rs 1.86L cr as mkts sink on huge sell-off

Saturday, 17 Mar 2018 | PNS | New Delhi

Investor wealth saw an erosion of Rs 1.86 lakh crore amid a massive sell-off in the broader market where the BSE benchmark index cracked 509.54 points, while NSE Nifty lost over 165 points on Friday. Led by the heavy sell-off in equities, market capitalisation of BSE-listed companies plummeted Rs 1,86,415.38...

PNB to honour bonafide LoUs

Saturday, 17 Mar 2018 | PNS | New Delhi

Punjab National Bank (PNB) on Friday said it will honour all ‘bonafide’ Letter of Undertakings (LoUs), an instrument which was used by billionaire diamantaire Nirav Modi to defraud the bank of Rs 12,968 crore. The statement was made by top management of the bank at the Extraordinary General Meeting (EGM) which...


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Liquor policy: Church declares war on Kerala Govt

18 Mar 2018 | VR Jayaraj | Kochi

Kerala’s Catholic Church has declared war on the CPI(M)-led LDF Government over its new liquor policy by which liquor outlets including bars could be opened in almost all panchayats in the State. The new policy also paves way for the reopening of almost all the bars that were closed down in 2014 as part of the then Government’s policy envisaging implementation of Prohibition in ten years’ time through phases...

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Previous Govts indulged in business of illegally acquiring lands: CM

18 Mar 2018 | PNS | Chandigarh

Haryana Chief Minister Manohar Lal on Saturday said that the previous governments indulged in the business of illegally acquiring lands with ulterior motives and with the intent of having their own cut. “This was done not only in Rohtak but in the entire state...

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