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ADB lowers growth projection for 2013-14 to 4.7%

Thursday, 03 Oct 2013 | PNS | New Delhi

Asian Development Bank (ADB) has lowered India’s growth projection for 2013-14 to 4.7 per cent from 6 per cent earlier saying the recent rupee depreciation and capital outflows could adversely impact the country’s economy. "With gross domestic product in the first quarter of (2013-14) expanding at its slowest pace since the...

IDBI Bank hopeful of recovering 80% of Kingfisher dues

Thursday, 03 Oct 2013 | PTI | Mumbai

Public sector lender IDBI Bank is hopeful of recovering up to 80 per cent of its Rs 800 crore exposure to Kingfisher, even as the revival of the grounded airline remains uncertain. "We are quite hopeful of recovering our dues from Kingfisher Airlines. In all, we expect to recover 70-80 per...

Unfair practices in pharma sector under CCI scanner

Thursday, 03 Oct 2013 | PTI | New Delhi

Emphasising that pricing aspects of pharmaceuticals are critical for the general public, CCI Chairman Ashok Chawla has said that some cases of probe into alleged unfair practices in this space are in the "pipeline". Competition Commission of India (CCI) has already slapped penalties on some entities, including chemists and druggists associations,...

Mayaram panel on FDI, FII to finalise report by month-end

Thursday, 03 Oct 2013 | PNS | New Delhi

A high-level panel headed by Economic Affairs Secretary Arvind Mayaram will finalise by the month end its report on the definition of FDI and FII, aimed at removing ambiguity on the two types of foreign investment. "The Committee is likely to meet after October 15 to give a final shape to...

Vigilance clearance of NMDC chief’s post aspirants expected by Oct-end

Thursday, 03 Oct 2013 | Animesh Singh | New Delhi

Efforts for selecting a full time head of state-owned mining giant NMDC, which has been functioning without a Chairman since December 2011, have finally gathered steam as the Steel Ministry is likely to receive the vigilance clearance for two candidates short listed for the post by the end of this...

EOW freezes NSEL bank accounts; no payout to investors today

Wednesday, 02 Oct 2013 | PNS | Mumbai

The economic offences wing of the Mumbai Police today froze the bank accounts of the crippled NSEL even as the CBI started a probe into alleged duping of customers and irregularities by the commodity exchange. The NSEL defaulted on its committed weekly payout for the seventh consecutive time today after the...

FinMin hopeful of growth exceeding 5% in FY-2014

Wednesday, 02 Oct 2013 | PNS | New Delhi

Despite economic growth showing no signs of any rapid progress, the Finance Ministry on Tuesday showed great optimism by claiming that economy will grow by over 5 per cent in the current fiscal owing mainly due to high farm productivity and investments and promised more steps to boost growth. “It (GDP)...

Maruti, Honda, Ford post sales growth in September

Wednesday, 02 Oct 2013 | PNS | New Delhi

Auto sector has given mixed result for car makers as companies like Maruti Suzuki, Honda and Ford reported an increase in domestic sales in September but others reported decline in their sales number. Two-wheeler makers Hero MotoCorp and Honda Motorcycle and Scooter India reported healthy growth in September riding on good...

Bentley drives in new Flying Spur at Rs 3.1 crore

Wednesday, 02 Oct 2013 | Rakesh Bihari Jha | New Delhi

Like other luxury carmakers Bentley also has high hopes on Indian markets and the company expects to sell hundres of cars per annum by 2016-17. “India is an important market for Bentley. It is the hub of luxury and we have received a heartening response from our valued customers. I think...

Top level appointments in Air India

Wednesday, 02 Oct 2013 | PTI | New Delhi

Air India on Tuesday witnessed top level appointments with a senior airline official Pankaj Srivastava taking over as Commercial Director and Anil Mehta as Executive Director (Corporate Affairs). Srivastava took charge of the new assignment following the superannuation of G D Brara, who had earlier served the airline in several key...


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Modi pays tribute to Rang Avadhoot

19 Nov 2017 | PNS | GANDHINAGAR

Addressing a gathering of people via video conferencing in Bharuch district of poll-bound Gujarat, Prime Minister Narendra Modi on Saturday asked them to unite against casteism, terrorism, black money, corruption and communalism. “It is a strange environment…We must hold each others hand and move ahead…...

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State’s first women’s university to come up at Jamshedpur

21 Nov 2017 | Parvinder Bhatia | Jamshedpur

State’s first women university will come at Sidhgora in the eastern part of Jamshedpur, Chief Minister Raghubar Das said on Monday in Jamshedpur. “I am happy to announce that first Women’s University will come up at Sidhgora...

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