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RBI, Nepal Rashtra Bank thrashing out DeMo effect

Sunday, 13 May 2018 | PTI | Kathmandu | in Sunday Pioneer

The Central Banks of India and Nepal are discussing the “technical issues” related to return of demontised Indian currency notes, Foreign Secretary Vijay Gokhale on Saturday said, hoping the apex banks of the two neighbouring countries would be able to resolve it. Gokhale made the remark during a press...

Business Corner

Sunday, 13 May 2018 | Pioneer | in Sunday Pioneer

AAI organises Blood Donation Camp at its Corporate Headquarters Airports Authority of India and AAI Employees Friends Society organized a Blood Donation Camp today in association with Indian Red Cross Society at its Corporate Headquarters, Rajiv Gandhi Bhavan, New Delhi. The camp was inaugurated by Dr. GuruprasadMohapatra, Chairman, AAI.Senior officials and employees...

Walmart may launch IPO for Flipkart within four years

Sunday, 13 May 2018 | PTI | New Delhi | in Sunday Pioneer

US retail giant Walmart Inc may come up with an initial public offer (IPO) of Flipkart, in which it is buying roughly 77 per cent stake, in as early as four years. Last week, Walmart Inc announced acquisition of 77 per cent stake in Flipkart for about USD...

Jio's Rs 199 post-paid plan likely to trigger tariff war: Experts

Sunday, 13 May 2018 | PTI | New Delhi | in Sunday Pioneer

The new post-paid Rs 199 plan announced by Reliance Jio is expected to hit revenue of competitors marginally and may trigger tariff war in the segment, according to market analysts. “Move could lead to another brutal tariff cut in the post-paid regime, hurting incumbents further: Jio's post-paid tariffs are sharply lower...

BSNL has many ‘bigger opportunities' in near future, says Sinha

Sunday, 13 May 2018 | PTI | New Delhi | in Sunday Pioneer

Union Telecom Minister Manoj Sinha has said works worth Rs 150 crore have been allotted to BSNL under the smart city projects and the state-run firm has Many bigger opportunities in the near future. Also, it has other projects like...

CCI OK’s JSW-led consortium bid to acquire Monnet Ispat

Sunday, 13 May 2018 | PTI | New Delhi | in Sunday Pioneer

JSW Steel on Saturday said the Competition Commission of India has approved bid by a consortium led by it to acquire bankrupt Monnet Ispat and Energy Ltd (MIEL) in an insolvency auction. The committee of creditors (CoC) of Monnet Ispat and Energy, which is undergoing insolvency proceedings, had on April 12...

China records first current account deficit in 17 years

Sunday, 06 May 2018 | PTI | Beijing | in Sunday Pioneer

China has recorded its first quarterly current account deficit in nearly 17 years, ending its dream run of accumulating trade surplus as a top exporter for a period during which it amassed the world’s largest foreign exchange reserves of over USD 3.14 trillion. China saw a current account deficit of USD...

Welspun Corp gets tax demand of Rs 179 crore

Sunday, 06 May 2018 | PTI | New Delhi | in Sunday Pioneer

Gujarat government’s tax department has slapped a demand of Rs 178.79 crore on Welspun Corp for two financial years — 2009-10 and 2010-11, the company said in a regulatory filing. Welspun Corp, flagship firm of Welspun Group, said it will appeal against the tax demand at the appropriate judicial...

Despite less rains, maximum kharif crop production last year: Fadnavis

Sunday, 06 May 2018 | PTI | Mumbai | in Sunday Pioneer

Maharashtra Chief Minister Devendra Fadnavis on Saturday said that the state had maximum agricultural production during the kharif season of 2017-18, despite 30 per cent less rainfall, due to effective water conservation schemes of the state government. Fadnavis said that farm production during last year was “historically positive” and was similar...

Gadkari nod to 100% ethanol vehicles

Sunday, 06 May 2018 | PTI | Hyderabad | in Sunday Pioneer

Union Minister Nitin Gadkari on Saturday said his ministry has accorded permission to auto makers Bajaj and TVS for making vehicles that run using 100 per cent bio-ethanol made out of rice and wheat straw. “I told the managements of Bajaj and TVS to make ethanol based bike and auto rickshaws....


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Pb Co-op Dept recovers `6.5 cr from big time defaulters

24 May 2018 | PNS | Gidderbaha (Sri Muktsar Sahib)

Punjab’s Cooperation Department has, so far, recovered Rs 6.5 crore from the big-time defaulters...

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