Business

State FMs offer suggestions on fiscal policies

Friday, 19 Jan 2018 | PNS | New Delhi

In view of presenting a good Budget for 2018-19 in the Parliament on February 1, Finance Minister Arun Jaitley on Thursday held pre-Budget consultations with his State counterparts during which they offered suggestions on various fiscal policies and budgetary measures. This is part of the customary pre-Budget consultation which...

Vijay Kumar is new MD and CEO of NCDEX

Friday, 19 Jan 2018 | PNS | NEW DELHI

Vijay Kumar Venkataraman on Thursday took charge as the new Managing Director and CEO of the country’s leading commodity bourse NCDEX. Kumar took over the charge from the outgoing MD and CEO Samir Shah who was with the bourse for four years. “Vijay Kumar took charge as new MD...

Adani Ports Q3 consolidated net up 19.51% at Rs 1,001 crore

Friday, 19 Jan 2018 | PNS | NEW DELHI

Adani Ports and Special Economic Zone Ltd (APSEZ) today reported a 19.51 per cent jump in its consolidated profit at Rs 1,001 crore for the third quarter ended December 31, 2017. The logistics arm of Adani Group had clocked a consolidated profit of Rs 837.58 crore in the corresponding period...

New marketing strategy to diversify export basket on anvil, reasons Prabhu

Friday, 19 Jan 2018 | PNS | NEW DELHI

The Government is working on a strategy on the diversification of India’s export basket in a bid to enhance its export presence in the top items of world trade as well as to increase the country’s outbound shipments, both in value and quantity. “We are working on a marketing strategy to...

HDFC Bank carves a niche, gets 3rd slot

Friday, 19 Jan 2018 | PNS | New Delhi

HDFC Bank on Thursday attained a market valuation of Rs 5 lakh crore, becoming the third company to achieve this milestone after RIL and TCS. At close of trade on Thursday, the company’s market capitalisation (m-cap) stood at Rs 5,00,360.08 crore. With this, the company also became the first bank to...

‘FY’19 growth at 7.1%, Budget may not be populist’

Friday, 19 Jan 2018 | PTI | New Delhi

India’s economic growth is set to bounce back to 7.1 per cent next fiscal, from the estimated 6.5 per cent in 2017-18, aided by robust consumption demand, rating agency Ind-Ra said on Thursday. Ind-Ra, an affiliate of US-based Fitch, said it expects greater allocation of funds to farm and rural...

‘Domestic steel output crosses 100 MT in FY17’

Friday, 19 Jan 2018 | PTI | PANJIM (GOA)

The country's annual steel production crossed 100 million tonne-mark last year, Union Minister Chaudhary Birender Singh said on Thursday. “Between January 1, 2017 and December 31, India crossed 100 MT-mark and produced 101 MT steel,” Singh said at MRAI International Indian Metals Recycling conference here. India’s total steel production in...

Siam Makro makes foray into cash, carry biz; to invest Rs 1k cr

Friday, 19 Jan 2018 | PNS | NEW DELHI

Thailand-based retailing firm Siam Makro PCL on Thursday announced entry into the cash and carry segment in India and plans to invest around Rs 1,000 crore in the next five years. Part of the $50 billion Charoen Pokphand (CP) group, the company will operate under the brand name ‘Lots Wholesale...

Business Corner

Friday, 19 Jan 2018 | PNS

ITBP organises excursion tour for school children of Himachal Pradesh Under the Ministry of Home Affairs (MHA) Civic Action Program (CAP), Indo-Tibetan Border Police (ITBP) organised an excursion tour for the school children of border villages of Himachal Pradesh. The 17- day tour started on 2nd January and will terminate...

Ahead of Budget, Govt lowers addl borrowings from Rs 50k cr to Rs 20k cr

Thursday, 18 Jan 2018 | PNS | New Delhi

The Government on Wednesday curtailed its additional market borrowing programme by 60 per cent to Rs 20,000 crore as it expects more transfers of surplus cash from the Reserve Bank in the current fiscal ending March 31. The decision to lower additional borrowing, which was taken after a review of revenue...


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Myanmar Army’s admission of killings a ‘positive step’: Suu

14 Jan 2018 | AFP | Yangon

Myanmar’s civilian leader Aung San Suu Kyi has welcomed an unprecedented army admission that security forces carried out extra-judicial killings of Rohingya Muslims as a “positive step”, state-backed media reported on Saturday. After months of staunch denials of abuse, the army on Wednesday said a probe found four members of the security forces helped kill 10 Rohingya militant suspects at Inn Din village on September 2, leaving their bodies in a...

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CM retorts, says he was not so weak

20 Jan 2018 | PNS | Ranchi

Under searching questions for quite some time, Chief Minister Raghubar Das responded with all firmness to the unified Opposition in the House and answered some of its allegations to turn the tide. In his reply, particularly on the charges of inaction and being under pressure, the CM trained the gun on the JMM for running ‘baap-bete ki sarkar’ in the State...

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