9 Indian firms in Forbes most innovative growth list

Friday, 23 May 2014 | PTI | New York

As many as nine Indian firms have made it to the Forbes World's 100 most innovative growth companies list, which has been topped by New Zealand software accounting firm Xero. The list has been made on the basis of Innovation Premium, which Forbes described as a measure of how much investors...

Sony boss pledges turnaround exit by early next year

Friday, 23 May 2014 | AFP | Tokyo

Sony's chief executive pledged on Thursday to drag the embattled electronics giant out of a painful restructuring in the current fiscal year and pointed to high-definition technology as a possible saviour for its money-losing TV unit. Kazuo Hirai made the comments as he unveiled Sony's newest turnaround strategy, just a week...

AI put on cash-and-carry mode by Mumbai Airport authorities

Friday, 23 May 2014 | PTI | Mumbai/New Delhi

Air India has been put on cash-and-carry mode by Mumbai Airport authorities after its dues mounted to Rs 450 crore even as the airline today said it has paid about Rs 40 crore and certain outstandings were yet to be reconciled. The GVK-led Mumbai International Airport Limited (MIAL), which runs the...

Unilever announces sale of US Ragu sauces for $2.15 billion

Friday, 23 May 2014 | AFP | The Hague

Dutch giant Unilever announced on Thursday the sale of its North American Ragu and Bertolli pasta sauce businesses to a Japanese group for $ 2.15 billion (1.57 billion euros) as it focuses on higher margin beauty products. Japan's Mizkan Group bought the businesses, which have an annual turnover of more than...

India asks Switzerland to ratify global tax convention

Friday, 23 May 2014 | PTI | New Delhi

India has asked Switzerland to expeditiously ratify the OECD convention on automatic exchange of tax information, a move which will help deal with menace of black money. "I would urge you and your (Swiss) government to ratify the multilateral convention on mutual administrative assistance in tax matters as early as possible,"...

New Govt should go for strategic sale for non-core PSUs, says DoD

Friday, 23 May 2014 | PNS | New Delhi

The new Government could look at the possibility of strategic sale of state-owned enterprises in the non-core sectors like steel and cement, the disinvestment department said in its presentation to the Cabinet Secretary. The move to divest entire stake in the non-strategic PSUs, the official said, will also help in meeting...

Modi-led BJP Govt likely to have super ministries

Thursday, 22 May 2014 | Animesh Singh | New Delhi

Armed with a comfortable majority, the BJP-led NDA Government which is to officially assume power at the Centre on May 26, is likely to trim down several "offshoot" ministries having related characteristics. Accordingly there are indications that Coal and Petroleum Ministries as well as Power Ministry may be merged into...

Top bureaucrats discuss price situation, investment proposals

Thursday, 22 May 2014 | PNS | New Delhi

Days before the swearing-in of new Prime Minister Narendra Modi, top bureaucrats on Wednesday reviewed the prevailing price situation and discussed proposals to kick start investment cycle with a view to accelerating growth. The meeting of secretaries of various ministries, called by Cabinet Secretary Ajit Seth, also took stock of the...

Qatar Airways bullish on making India as air freight hub in South Asia

Thursday, 22 May 2014 | SANJAY THAPA | New Delhi

Qatar Airways is eyeing India as biggest air freight hub in South Asia and is bullish on promoting Delhi as the node after Doha as the commercial hub in the Middle East. "Delhi has one of India's largest and fastest growing retail industries. On top of that, it is an important...

FinMin reviews capital expenditure plans of big PSUs

Thursday, 22 May 2014 | PNS | New Delhi

The Finance Ministry has reviewed capital expenditure plans of 13 big PSUs, including ONGC, SAIL and BHEL, so that proposals to kick start the investment cycle could be placed before the new Minister for further action soon. "Finance Secretary Arvind Mayaram today reviewed the capex plan of 13 big PSUs. The...


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‚ÄėAssault‚Äô on police driver: Action against Kerala ADGP

17 Jun 2018 | VR Jayaraj | Kochi

In a swift move intended at stemming the protests brewing in the State police force against certain top officials’ ‘feudalistic’ practice of persecuting policemen and camp followers by using them as house servants, the Kerala Government on Saturday removed ADGP Sudesh Kumar, whose daughter was the other day booked for assaulting and verbally abusing his official police driver, from the position of head of the Armed Police Battalion. The action against...

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UTC to use 180 buses to ferry Yoga participants

21 Jun 2018 | PNS | Dehradun

Uttarakhand Transport Corporation (UTC) would use 180 buses of its fleet on Dehradun and Haridwar routes to ferry the Yoga participants from Haridwar and also to take them back after the International Yoga Day show at Forest Research Institute (FRI) in Dehradun is over. Divisional manager (Operational) UTC Dehradun, Pawan Mehra while talking to The pioneer said on Wednesday that around 280 busses operate from Dehradun depot...

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