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India's reforms bearing fruits, make case for more steps: IMF

Saturday, 21 Apr 2018 | PTI | Washington

The reforms carried out by India has been bearing fruits and benefiting people, but more needs to be done for sustained growth, a top IMF official has said. The implementation of the Goods and Services Tax (GST), despite a bumpy road, is going to help secure the solidity of foundation of...

CIL to auction 45 MT coal in FY19

Saturday, 21 Apr 2018 | PTI | New Delhi

State-owned CIL said on Friday that it would put on offer a little over 45 million tonnes of coal under the special forward auction in the current fiscal. "In yet another step in reaching out to its consumers, Coal India Limited (CIL) has announced a Special Forward e-auction calendar for 2018-19...

Business Corner

Saturday, 21 Apr 2018 | Pioneer

Indian Rlys celebrates world heritage day World Heritage Day is celebrated globally on April 18 every year to create awareness about past cultures, artifacts and monuments among communities. This year the theme was ‘Heritage for Generations’, emphasizing on inter-generational transfer of knowledge. Indian Railways are the proud owner of four UNESCO...

Petrol prices rise to nearly 5-yr high

Saturday, 21 Apr 2018 | PNS | New Delhi

Common man has reasons to worry as petrol and diesel prices are skyrocketing day-by day-in almost all parts of the country. In Delhi petrol prices touched a fresh high of Rs 74.08 per litre on Friday — the highest in nearly five years. In September 2013 the price had touched...

PNB claims expected recovery of Rs 1,800 cr from ‘Mission Gandhigiri’

Saturday, 21 Apr 2018 | IANS | New Delhi

State-run lender Punjab National Bank is expected to recover around Rs 1,800 crore from its non-performing assets (NPAs) recovery mechanism — “Mission Gandhigiri” — which will soon complete one year of operation. A senior bank official told IANS the mission, was launched in May 2017, had consistently delivered positive results with...

Saudis see oil price on rise as Trump blasts OPEC

Saturday, 21 Apr 2018 | Agencies | Jeddah

Saudi Energy Minister Khaled al-Faleh said on Friday the global market has the capacity to absorb higher oil prices, drawing a swift reaction from US President Donald Trump who accused OPEC of inflating prices. Faleh’s statement at a meeting of oil producers in Saudi Arabia came as crude hit the...

TCS m-cap nears $100 bn; investors richer by Rs 41,301 cr

Saturday, 21 Apr 2018 | PTI | New Delhi

TCS moved closer to the USD 100 billion mark in market capitalisation as its share price surged nearly 7 per cent on Friday, adding about $6.2 billion to its valuation. The IT major is set to be the first listed Indian company to achieve this milestone. Led by the smart rally in...

Markets end flat as RBI minutes weigh; post 4th weekly rise

Saturday, 21 Apr 2018 | Pioneer | Mumbai

Stocks weathered yet another choppy session to end marginally lower on Friday as investors baulked at the prospects of higher interest rates after minutes of RBI’s last policy meeting indicated a shift towards a hawkish stance in June. However, tech shares zoomed after the country’s largest software exporter TCS yesterday reported...

Sebi proposes to cut listing time for public issue of debt securities

Saturday, 21 Apr 2018 | PNS | New Delhi

In a bid to make the bonds market more efficient, Sebi on Friday proposed to drastically cut the timeline for listing of debt securities to six days from 12 days at present. Besides, the Securities and Exchange Board of India (Sebi) has proposed to make ASBA (Application Supported by Blocked Amount)...

Coal add’l secy Suresh Kumar likely to be acting chairman of Coal India

Saturday, 21 Apr 2018 | PNS | New Delhi

Senior bureaucrat Suresh Kumar is likely to be the new acting chairman and managing director of the world’s largest coal miner CIL. He will replace Gopal Singh who was given the additional charge as CMD of Maharatna firm in September last year. Singh heads Central Coalfields Ltd, an arm of state-owned...


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JNU’s new centre to act as hub of ideas

22 Apr 2018 | ABHINAV SINGH | New Delhi

Jawaharlal Nehru University (JNU) will launch its own state-of-the art “Incubation and Innovation Centre” that would act as a hub of ideas, research, innovations and start-up by students and faculty. Slated to start from the next year, the centre would incubate those ideas and plans that are of some commercial value or of some social importance...

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Prefabricated schools buildings in Kanker dist

22 Apr 2018 | Staff Reporter | Kanker

The District Project Office, Rajiv Gandhi Shiksha Mission, Kanker had given a proposal under District Mineral Fund (DMF) for installation/ construction of special prefabricated school building structure for eight Primary and one Upper Primary Schools functioning at various locations of Antagarh, officials informed. The proposal has been sanctioned and now it is intended to start the work as soon as possible and complete it before the start of new academic session,...

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