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‘Insurance sector undergoing multiple disruptions, trend to accelerate in future’

Monday, 25 Sep 2017 | PTI | Mumbai

The insurance industry in the country is undergoing multiple disruptions in its functioning and the trend will accelerate in the future, a report says. The operating and business models of insurers have been evolving due to the disaggregation of the insurance value chain, according to the report prepared by industry...

95 mobile cos set up plants in India, says IT Minister

Monday, 25 Sep 2017 | PTI | NEW DELHI

Law and IT Minister Ravi Shankar Prasad on Sunday said that 95 mobile manufacturing companies have set up their plants under the new Government. “Today 95 mobile manufacturing factories have come in India and India is becoming a big hub of electronics and mobile manufacturing. 32 have come in Noida...

Air India looks to vacate unused hangar space at airports, save on rentals

Monday, 25 Sep 2017 | PTI | NEW DELHI

Air India plans to vacate unused hangar space at some airports and sell the scrap lying there to cut costs, CMD Rajiv Bansal has said. After taking over the reins of the disinvestment-bound airline last month, Bansal has been working on ways to improve On Time Performance (OTP) of the...

GSTN tweaked features, handled robust Aug return filing: CEO

Monday, 25 Sep 2017 | PTI | NEW DELHI

Network (GSTN) has tweaked some of the features on its portal over the past month to make the system more robust and allow glitch-free tax payment facility to nearly 35 lakh assessees, its CEO Prakash Kumar said on Sunday. Of the total 87.33 lakh registered businesses on the GSTN, which...

Extension of time for filing GST returns sought by CII

Monday, 25 Sep 2017 | PTI | NEW DELHI

Industry chamber CII on Sunday sought extension of time by two months for filing of GST returns in view of difficulties being faced by businesses. The GST Council has already extended the last date for filing final returns to October 10. CII has now requested for further extension to resolve...

DIPP readying parameters to rank states on startup ecosystem

Monday, 25 Sep 2017 | PTI | NEW DELHI

To give a boost to startups, the Centre has initiated an exercise to rank states and union territories on the basis of measures being taken by them to promote budding entrepreneurs, a Government official has said. “We have discussed the initial framework. Soon, we will be formalising that. By next month,...

Essar to set up 2 LNG ports in18 months, invest $500 mn

Monday, 25 Sep 2017 | PTI | VISAKHAPATNAM

Ruias-owned Essar Ports is looking to invest around $500 million or over Rs 2,500 crore to set up one liquefied natural gas (LNG) terminal each on the western and eastern coasts in the next 18 months, a top company official said. “Total investment in the first phase...

Promoter stake sale in DLF arm removes conflicts of interest

Monday, 25 Sep 2017 | PTI | NEW DELHI

DLF promoters' decision to sell their entire stake in its rental arm for Rs 11,900 crore will remove existing conflicts of interest and help the realty firm in growth of commercial real estate business in partnership with Singapore's GIC, investment advisory firm ISS said. Last month, DLF promoters sold their 40...

‘Uber considers concessions to save London licence’

Monday, 25 Sep 2017 | PTI | LONDON

US-based taxi-hailing company Uber has indicated that it is open to discuss concessions with transport authorities to continue operating in London, days after it lost its license to ply on the streets of the UK’s capital. Transport for London (TfL) had announced last week that it would not be renewing...

The Bharat 22 opportunity, power of 22 at reasonable valuations

Monday, 25 Sep 2017 | PNS | New Delhi

The Bharat 22 exchange traded fund (ETF), once launched, will raise a pool of money from investors and channel it into a basket of pre-determined 22 stocks, mirroring an index and its performance ie. S&P, BSE Bharat 22 Index. The ETF will be managed by ICICI Prudential AMC and will...


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‘Bring home the bacon,’ Merkel tells voters on eve of poll

24 Sep 2017 | AFP | Berlin

Chancellor Angela Merkel and her rival Martin Schulz rallied voters on the eve of Sunday’s vote, urging Germans to shun the first hard-right party expected to enter parliament in force since the end of World War II. Merkel, the clear frontrunner after 12 years in power with a double-digit lead, also told her conservative base not to get complacent and to cast their ballots, rousing them with a folksy call to...

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Various events mark Swacchta Bharat Mission programme

25 Sep 2017 | PNS | Indore

To observe the third anniversary of Swacchta Bharat Mission, various events are being held in city. Indore Mayor Malini Laxman Singh Gaud and Indore Municipal Corporation (IMC) Commissioner Manish Singh have instructed to organize events marking the D-day, ie October 2...

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