Life insurers’ new biz premium up 47% to Rs 20,428-crore in July

Wednesday, 16 Aug 2017 | PTI | NEW DELHI

The new premium of life insurance companies increased by 47.4 per cent to Rs 20,427.68 crore in July, data from sector regulator Irdai shows. Comparatively, all the 24 life insurers in the country had earned Rs 13,854.44 crore as insurance premium from new business in July 2016. Country's largest and the...

ONGC eyes doubling gas production in 5-6 yrs

Wednesday, 16 Aug 2017 | PNS | NEW DELHI

State-owned Oil and Natural Gas Corp (ONGC) on Tuesday said it plans to double gas production to over 100 million standard cubic meters per day in the next 5-6 years. In a statement issued on Independence Day celebrations at the company’s headquarters in Dehradun, ONGC said despite tumbling oil prices...

Investments key to ensure growth, reasons Subba Rao

Wednesday, 16 Aug 2017 | PTI | Hyderabad

Investments, especially in the manufacturing sector, is the key to ensure sustained growth in the country, former RBI Governor D Subba Rao has said. “I am sure all of you have read about economic survey that was presented to the Parliament last week. What the economic survey said was that...

EESL to get 10K e-cars for ministries

Wednesday, 16 Aug 2017 | PNS | New Delhi

State-run firm EESL has floated a tender for procuring 10,000 Electric cars and 4,000 chargers for coal, mines, power and new & renewable energy ministries as well as for providing them on rent to other departments. Energy Efficiency Service Ltd (EESL) has floated a tender for procurement of 10,000 electric...

BSNL seeks 2-yr extension for mobile licence validity

Wednesday, 16 Aug 2017 | PTI | NEW DELHI

After MTNL, state-owned Bharat Sanchar Nigam Ltd (BSNL) has written to the Government to extend the validity of its cellular licence and spectrum for two more years till 2022, according to a top official. “We were given licence in 2000 subject to finalisation of terms and conditions by licensor on...

IGNOU celebrates 71st I-Day, announces MoU with NeGD, CSC

Wednesday, 16 Aug 2017 | PNS | NEW DELHI

The Indira Gandhi National Open University (IGNOU) celebrated the 71st Independence Day in its campus in Maidan Garhi, Delhi. The Vice Chancellor of the University, Prof Ravindra Kumar hoisted the national flag and announced the University’s partnership with National e-Governance Division (NeGD) and Common Services Network of Ministry of Electronics...

Godrej Interio eyes Rs 3,500 crore sales in next three years

Wednesday, 16 Aug 2017 | PNS | NEW DELHI

Godrej Interio, the furniture arm of Godrej Group, is eyeing Rs 3,500 crore sales in next three years and would go online by the end of this year to tap the upwardly mobile Indian consumer. Besides, it is also expanding presence in the B2C category and expects both B2B and...

Aamby Valley auction process starts at `37k cr reserve price

Tuesday, 15 Aug 2017 | PTI | Mumbai

A Supreme Court ordered auction process began on Monday for embattled Sahara group’s luxurious Aamby Valley resort town with the official liquidator inviting bids at a reserve price of Rs 37,392 crore. Sahara, which pegs the project’s market valuation at over Rs 1 lakh crore, said the liquidator has initiated only...

Export growth at 8-mth low

Tuesday, 15 Aug 2017 | PNS | New Delhi

Country’s export growth slowed to eight-month low of 3.94 per cent in July, while the trade deficit widened to $11.44 billion on account of high gold imports, official data released on Monday showed. The country’s overseas shipments aggregated at $22.54 billion in July 2017 against that of $21.68 billion in the...

Retail inflation jumps to 2.36% in July, WPI accelerates to 1.9%

Tuesday, 15 Aug 2017 | PNS | New Delhi

With sharp rise of prices in sugar, confectionery items, pan, tobacco and intoxicants, retail inflation jumped to 2.36 per cent in July, while high prices on some food articles pushed the wholesale inflation to around 1.9 per cent in the same month even as the industry’s clamour was louder for...


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Govt to unveil new Haj policy this month: Naqvi

13 Aug 2017 | TN RAGHUNATHA | Mumbai

Union Minister of State for Minority Affairs (Independent Charge) Mukhtar Abbas Naqvi on said in Mumbai on Saturday that the Haj Policy-2018 — aimed at making the piligrimage process “transparent” and “smooth” — would be unveiled later this month. Speaking at the 22nd annual Haj orientation camp organised for Haj pilgrims at Haj House in Mumbai, Naqvi said that from the next year, the Haj would be organised as per to...

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GSI to look for limestone deposits in Raigarh dist

19 Aug 2017 | Staff Reporter | Raipur

The Geological Survey of India will carry out assessment of Limestone deposits In Laladhurwa-Jognipali Block of Raigarh district in Chhattisgarh. GSI last year took up assessment of limestone deposits at Birutola-Nawapara-Sohagpur Blocks of Kabirdham district in Chhattisgarh, officials stated...

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