Binani Ind moves NCLAT over sale of Binani Cements

Saturday, 17 Mar 2018 | PTI | New Delhi

Binani Industries has moved the National Company Law Appellate Tribunal against the Resolution Professional (RP) of Binani Cement, alleging that its order was not followed while declaring the successful resolution plan for the struggling cement maker. Binani Industries has also asked the NCLAT to declare the meeting of the Committee of...

Current telecom market don’t warrant regulatory intervention: CCI chief

Saturday, 17 Mar 2018 | PTI | New Delhi

A month after telecom regulator TRAI issued norms on predatory pricing, competition watchdog CCI on Friday said current market conditions do not warrant “regulatory intervention” to curb such practices. The comments assume significance as certain sections in the telecom industry are not happy with the decision of TRAI, wherein telcos could...

11 non-operational coal mines to start production from June

Saturday, 17 Mar 2018 | PTI | New Delhi

As many as 11 coal blocks, which were non-operational at the time of auction, are likely to start production from June this year, Parliament was informed on Friday. Among the 17 producing coal mines that were auctioned, 12 have started operations, according to Coal Minister Piyush Goyal. The government had auctioned...

Suzuki unveils Intruder variant priced at Rs 1,06,896

Saturday, 17 Mar 2018 | PTI | Mumbai

Suzuki Motorcycle India on Friday launched an advanced version of its bike Intruder with a fuel injection option in a bid to tighten its hold further in the cruiser segment. The new Intruder bike is priced at Rs 1,06,896. The Intruder was launched last November and now comes equipped with Suzuki’s...

Millenials eager to invest for wealth creation: Survey

Saturday, 17 Mar 2018 | PTI | New Delhi

Millenials, in the age group of 22-30 years, are eager to invest for wealth creation and those earning below Rs 25,000 per month are saving around 11 per cent of their income, says a survey. According to a survey by fintech startup Saveabhi, millenials earning below Rs 25,000 per month are...

Business Corner

Saturday, 17 Mar 2018 | PNS

Patrolmen spots track fracture, averts tragedy Alert Track Patrolmen detected Rail fracture and stopped passenger train timely near Yamuna bridge and averted possible Accident Priya Swami ,Keyman alongwith Ram Niwas, Trackman were on patrol duty on Tilak Bridge – Yamuna Bridge section on March 13, 2018 at about 7.55 a.m., they...

Investors poorer by Rs 1.86L cr as mkts sink on huge sell-off

Saturday, 17 Mar 2018 | PNS | New Delhi

Investor wealth saw an erosion of Rs 1.86 lakh crore amid a massive sell-off in the broader market where the BSE benchmark index cracked 509.54 points, while NSE Nifty lost over 165 points on Friday. Led by the heavy sell-off in equities, market capitalisation of BSE-listed companies plummeted Rs 1,86,415.38...

PNB to honour bonafide LoUs

Saturday, 17 Mar 2018 | PNS | New Delhi

Punjab National Bank (PNB) on Friday said it will honour all ‘bonafide’ Letter of Undertakings (LoUs), an instrument which was used by billionaire diamantaire Nirav Modi to defraud the bank of Rs 12,968 crore. The statement was made by top management of the bank at the Extraordinary General Meeting (EGM) which...

‘CAD widens, rises 2% of GDP at $13.5 bn in Q3’

Saturday, 17 Mar 2018 | PNS | Mumbai

The current account deficit (CAD) rose to 2 per cent of the gross domestic product (GDP) at $13.5 billion in the December quarter, up from $8 billion or 1.4 per cent in the year-ago period, on the back of higher trade deficit, shows the Reserve Bank data. The CAD, which...

Jt panel on FRDI Bill gets more time to submit report

Saturday, 17 Mar 2018 | PTI | New Delhi

The introduction of the Financial Resolution and Deposit Insurance (FRDI) Bill in Parliament will get delayed with the joint parliamentary panel looking into the proposed legislation on Friday getting an extension of time to submit its report on the matter. This is the second occasion that the committee has been given...


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Business Corner

18 Mar 2018 | PNS

AAI conducts international workshop for utilizing GAGAN In keeping with the Prime Minister’s objective of using technology as a means of development and co-operation, Airports Authority of India has now offered GPS-aided Geo Augmented Navigation (GAGAN) to SAARC and Southeast Asian countries in order to allow them to reap the significant benefits that accrue from such an advanced navigation system. AAI conducted a two-day workshop on March 15 and 16, 2018...

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Bank shooting: ‘Guard not properly trained’

20 Mar 2018 | PNS | Dehradun

Police investigation in the case of a security guard of district cooperative bank in Champawat shot dead two of his colleagues following an altercation on March 16 revealed that the guard Dinesh Bora contracted through a local security agency was not properly trained. Bora had reportedly shot dead the bank cashier Lalit Bisht and peon Rajesh Verma at the bank in Khetikhan...

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