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RCS 2nd round winners may be announced by mid-Dec

Thursday, 19 Oct 2017 | PTI | New Delhi

The winners of the second round of bidding under the regional air connectivity scheme are likely to be announced by mid-December, a Government official said on Wednesday. The scheme, also known as Ude Desh ka Aam Naagrik (UDAN), seeks to connect unserved and under-served airports...

Goodricke Gr acquires tea division of Godfrey Phillips

Thursday, 19 Oct 2017 | PTI | Kolkata

Tea producer Goodricke Group Limited has acquired the tea division of Godfrey Phillips Limited for a realisation of Rs 20 cr with a view to scale up its packet tea business. The deal would give Goodricke rights on the trademarks, titles and brands associated with the tea business of...

India, Japan sign pact on technical training co-op

Thursday, 19 Oct 2017 | PTI | New Delhi

India and Japan have signed a memorandum of cooperation on Technical Intern Training Programme (TITP), the Government said on Wednesday. The pact will pave the way for sending Indian technical interns to Japan for on-the-job training for a period of three to five years, it said. As per Japan's data...

Curbs on gold import by 4, 5 star export houses imposed

Thursday, 19 Oct 2017 | PTI | New Delhi

The Commerce Ministry on Wednesday imposed restrictions on import of gold by four and five star export houses by stipulating that they would cease to be nominated agencies. Now, such export houses would be allowed to procure the precious metal only for their own use. According to...

Gold shines on Diwali, tops Rs 31,000

Thursday, 19 Oct 2017 | PTI | New Delhi

Gold prices spurted by Rs 290 to 3-week high of Rs 31,000 per 10 grams on the eve of Diwali at the bullion market on Wednesday on increased buying by local jewellers to meet festive demand. A weak trend overseas however capped the gains. Silver...

Power Ministry plans to push coal supplies to power plants kicks off

Thursday, 19 Oct 2017 | PTI | New Delhi

Allaying fears of electricity outages on the eve of Diwali, the Power Ministry said a detailed plan has been implemented from Wednesday to ensure sufficient supply of coal to power plants. There were fears of power outages in the festive season because of critical coal shortage at power plants, especially...

Sajjan Jindal & TV Narendran elected to world steel key posts

Thursday, 19 Oct 2017 | PTI | New Delhi

JSW Steel CMD Sajjan Jindal has been elected treasurer and Tata Steel MD TV Narendran and ArcelorMittal chief LN Mittal as members of the global body World Steel Association (worldsteel). “The Board of Directors on Tuesday elected ...New officers for 2017/2018 at the worldsteel General Assembly in Brussels. The new...

Hit by DeMo-GST, cos slash gifts by 35-40%

Thursday, 19 Oct 2017 | PTI | Lucknow

Reeling under disruptions arising out of demonetisation and GST rollout, corporate India is going rather lukewarm in Diwali gifts, slashing the budget under the head by at least 35-40 per cent, Assocham said.A survey by industry chamber Assocham showed that the reduction in gifts from corporate houses was in sync...

Pradhan: India bats for pricing flexibility in LNG contracts

Thursday, 19 Oct 2017 | PTI | Tokyo

After getting Qatar and Australia to lower gas price, India on Wednesday pitched for flexible terms for LNG purchase including provision of pricing review, flexible take or pay and abolition of destination restriction clause. Speaking at the LNG Producer-Consumer Conference here, Oil Minister Dharmendra Pradhan said the global LNG market...

India, Mozambique agree to expedite development of Rovuma gas find

Thursday, 19 Oct 2017 | PTI | Tokyo

India and Mozambique on Wednesday agreed to expedite development of the giant Rovuma gas discovery, which is planned to be converted into LNG for exports. Oil Minister Dharmendra Pradhan, who is here to attend the LNG Producer-Consumer Conference, met his Mozambique counterpart Leticia Klemens to discuss the development of the...


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Why we think obsessively

22 Oct 2017 | Ajit Kumar Bishnoi

We think that by thinking endlessly, we can find solutions to all our problems, having a wrong idea about our capacity or intelligence. These also are severely limited...

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Rape victim commits suicide

24 Oct 2017 | PNS | Dehradun

A girl of around 18 years who was allegedly sexually assaulted at a sugarcane field by one of her relatives committed suicide by hanging herself from ceiling fan at her residence on Monday. No suicide note was received from the house, said police...

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