Business Corner

Thursday, 21 Jun 2018 | PNS

New Managing Director joins CWC Arun Kumar Shrivastava has joined Central Warehousing Corporation (CWC) as Managing Director recently from his previous assignment of Executive Director (Engg), Container Corporation of India Ltd. (CONCOR). He is B. Tech (Civil Engineering) and M. Tech (Building Science & Construction Management). He is an IRSE Officer...

Govt puts off AI stake sale for now

Wednesday, 20 Jun 2018 | PNS | New Delhi

After bidding effort for the strategic stake sale of Air India, the Government has decided to put a full stop now with the plan, at least for this election year and it further said it would provide required funds for its operations, according to a senior official. The decision comes less...

Deposits in PSU banks 100% safe and secure, says Goyal

Wednesday, 20 Jun 2018 | PTI | New Delhi

Public money in State-owned banks is 100 per cent safe and secure, Finance Minister Piyush Goyal said on Tuesday against the backdrop of several cases of fraud, including the $2 billion scam at PNB unearthed recently. Speaking to the media after meeting heads of public sector banks (PSBs), he also said...

CAD at 2.5 per cent of GDP not worrisome, says Finance Ministry

Wednesday, 20 Jun 2018 | PTI | New Delhi

Current account deficit (CAD) at 2.5 per cent of GDP won’t be a worry as the Government has the required instruments to deal with any imbalance created due to foreign fund outflow, Economic Affairs Secretary Subhash Chandra Garg said on Tuesday. “2-2.5 per cent CAD is not a problem...

Bharat-22 ETF: Anchor investors put in Rs 5,163 cr bids, subscribe 3.44 times

Wednesday, 20 Jun 2018 | PTI | New Delhi

The second tranche of Bharat-22 ETF follow-on offer was lapped up by institutional investors on Tuesday, with the portion reserved for anchor bidders getting subscribed 3.44 times to the tune of Rs 5,163 crore. The Government on Tuesday launched the follow-on fund offer (FFO) of Bharat-22 Exchange Traded Fund (ETF), comprising...

Sensex tanks 262 points as US-China trade spat roils global markets

Wednesday, 20 Jun 2018 | PTI | Mumbai

Stocks spiralled lower for the second straight day on Tuesday, tracking a sell-off across global markets after the US and China reignited their trade dispute. The BSE Sensex plunged around 262 points to end at a two-week low of 35,286.74, while the broader Nifty dropped 89 points to 10,710.45. Asian markets nosedived...

Auditors’ abrupt exit may be part of material disclosure by SEBI

Wednesday, 20 Jun 2018 | PNS | New Delhi

As the recent abrupt resignation by several global audit firms have led to unnecessary aspersions on the companies, it is time for the market regulator Securities and Exchange Board of India (SEBI) to make such exits as a part of its disclosure. Several industry insiders observe that the time has come...

Business Corner

Wednesday, 20 Jun 2018 | PNS

DDA meeting held under chairmanship of Anil Baijal at Raj Niwas A meeting of the Delhi Development Authority was held under the chairmanship of Anil Baijal, Lt Governor, Delhi/Chairman, DDA at Raj Niwas on june 19. The proposal regarding proposed amendments in Proposed Amendments in Development Control Norms of Shop-Cum-Residential Plots...

Audi boss arrested in diesel probe

Tuesday, 19 Jun 2018 | AFP | Frankfurt Am Main

Audi chief executive Rupert Stadler was arrested on Monday in connection with parent company Volkswagen’s “dieselgate” emissions cheating scandal, with prosecutors saying they feared he might try to destroy evidence. The dramatic development comes a week after Munich prosecutors raided Stadler’s home, accusing him of fraud and the falsification of documents...

Finance Minister to meet heads of 13 PSBs today to discuss banks’ financial health

Tuesday, 19 Jun 2018 | PNS | New Delhi

In a move to review the status of financial health of all public sector banks, Finance Minister Piyush Goyal will meet heads of 13 PSBs on Tuesday and it is expected that some solution concerning in the system is in the offing. This is the first meeting with the heads...


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‘Assault’ 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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23 Jun 2018 | PNS | Kochi

MCD still waiting for HC order on encroachment Dehradun: Days after the High Court ordered the officials to remove encroachment from different areas of Dehradun like markets, streets and footpaths in four weeks, the officials concerned said on Friday that they were still waiting for the order to come. They, however, assured that they would execute the order once they get a copy and read it thoroughly...

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