Business Corner

Tuesday, 14 Aug 2018 | Agencies

BSNL introduces ‘Freedom offers — Chhota Pack’ On the occasion of forthcoming 72nd independence day Public Sector Telecom Company, BSNL launched Freedom offers “Chhota Pack” for pre -paid mobile customers . These are very competitive affordable and suitable for those having daily income especially in rural, Tier II and Tier III...

Hero to launch XTREME 200R, priced at Rs 89,900

Tuesday, 14 Aug 2018 | PNS | New Delhi

Hero MotoCorp Ltd is set to commence country-wide sales of its new premium motorcycle Xtreme 200R, with dispatches from its factories starting next week. Marking the company’s re-entry into the premium motorcycle segment, the Xtreme 200R is the first among the new range of Hero’s premium motorcycles that are slated for...

Sebi comes out with list of 1,677 defaulters

Tuesday, 14 Aug 2018 | PTI | New Delhi

As many as 1,677 entities, including individuals, failed to pay penalties imposed by Sebi till the end of May, according to the regulator. The list of defaulters as on May 31, 2018 "for non-payment of penalty imposed by Sebi through orders passed up to December 31, 2017" has been published on...

DHFL Q1 Net Profit up by 35% at Rs 435 Crore

Tuesday, 14 Aug 2018 | PNS | New Delhi

DHFL on Monday announced its Q1 results for the first quarter ended June 30, 2018. The company registered a net profit growth of 35 per cent to Rs 435.0 crore for the quarter ended June 30, 2018. Assets Under Management (AUM) grew by 37 per cent year-on-year, reaching Rs 1,20,939.5 crore...

Rain fury affects Kerala's tourism, plantation sectors

Tuesday, 14 Aug 2018 | PTI | Thiruvananthapuram

Floods due to the unprecedented monsoon fury in Kerala have wrecked the tourism industry and seriously impacted the plantation sector, which are among the major revenue sources for the state. Just as the tourism industry was recovering from the cancellation of bookings at hotels and resorts following the Nipah outbreak, heavy...

DGCA to conduct audit of Jet Airways

Monday, 13 Aug 2018 | PTI | Mumbai

Aviation regulator DGCA is set to conduct a financial audit of the Naresh Goyal-promoted Jet Airways, amid its fiscal conditions under pressure due to the surging jet fuel prices and low fares, a source said. The Directorate General of Civil Aviation (DGCA) has already evaluated the financial health of the national...

IBC stimulated recovery process: FICCI

Monday, 13 Aug 2018 | PTI | New Delhi

Insolvency and Bankruptcy Code (IBC) has put the debt recovery process on fast track and improved the position of banks, according to a Ficci survey. Banks which participated in the survey highlighted that IBC has also increased promoters’ willingness to come forward for resolution at an early stage of default. To improve...

UIDAI plans public outreach on dos and don’ts of sharing ID number

Monday, 13 Aug 2018 | PTI | New Delhi

After TRAI chief’s Aadhaar dare ignited a debate on public display of the 12-digit number, the UIDAI is planning a user outreach to sensitise people about the dos and don’ts of sharing their biometric identifier. The Unique Identification Authority of India (UIDAI) intends to equate the Aadhaar number with other personal...

Govt plans inflation-linked pre-determined tariff structure for airports

Monday, 13 Aug 2018 | PTI | New Delhi

The Government plans to have a pre-determined tariff structure linked to inflation for airports as it seeks to address issues hindering investments in the fast growing Indian aviation sector, a senior official said. Currently, there is cost plus tariff structure wherein the rates for an airport are determined every five years,...

RBI sells USD 6.184 bn currency in June

Monday, 13 Aug 2018 | PTI | Mumbai

Reserve Bank continued to remain net seller of the US currency for the third consecutive month in June, after it sold USD 6.184 billion of the US dollar in the spot market, RBI data showed. During the reporting month, the central bank bought USD 4.020 billion of the US dollar, while...


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K’taka CM plants paddy saplings in solidarity with agriculturists

12 Aug 2018 | Kestur Vasuki | Bengaluru

Karnataka Chief Minister HD Kumaraswamy who is facing wrath from the farmers in the State, in an appealing gesture planted paddy saplings in solidarity on Saturday. He chose Aralukuppe village in Mandya district the heart land of vokkaliga politics sowed paddy saplings in a muddied agriculture field amidst a large gathering...

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Cooperation of all necessary to achieve target: Ramsheela Sahu

15 Aug 2018 | Staff Reporter | Raipur

State of Chhattisgarh is moving faster from malnutrition to normal. But on the path, to achieve the target cooperation of all is required, said women and child development minister Ramsheela Sahu...

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