India’s inflation mounts to 54-month high

Tuesday, 17 Jul 2018 | IANS | New Delhi

Rise in the prices of manufactured products along with that of food articles and fuel types accelerated India’s wholesale inflation rate to 5.77 per cent compared to 4.43 per cent in the previous month, official data showed on Monday. The Ministry of Commerce and Industry data disclosed that June WPI rate...

Business Corner

Tuesday, 17 Jul 2018 | Agencies

Olympian enthuses families for ‘Clean India’ Indian Oil’s Refineries Headquarters engaged the family members of IOCians residing in the Township at Noida as part of Clean India mission. Devesh Chauhan, Olympian, Arjuna awardee and former member of the Indian national hockey team, motivated the IOC families and invitees from...

Finmin may seek extension of deadline

Monday, 16 Jul 2018 | PTI | New Delhi

The Finance Ministry may approach markets regulator Sebi to seek relaxation on the minimum 25 per cent public shareholding norm for some public sector banks (PSBs). There are 13 PSBs including IDBI Bank, Bank of India in which the Government holding is more than 75 per cent. If these banks are unable...

Natural gas, ATF in GST this week?

Monday, 16 Jul 2018 | PTI | New Delhi

The all-powerful GST Council may this week consider bringing jet fuel (ATF) and natural gas under GST ambit but tax slab is acting as a deterrent, people familiar with the matter said. When Goods and Services Tax (GST) was introduced on July 1 last year, five commodities - crude oil, natural...

Niti Aayog working on proposal to replace LPG subsidy with cooking subsidy: Kumar

Monday, 16 Jul 2018 | PTI | New Delhi

Government think tank Niti Aayog is working on a proposal to replace LPG subsidy with cooking subsidy in order to extend the benefits to people using piped natural gas and biofuels for cooking purposes, a top official said on Sunday. Niti Aayog Vice Chairman Rajiv Kumar said subsidy should be applicable...

Developing airports like real estate biz doomed to fail: IATA

Monday, 16 Jul 2018 | PTI | New Delhi

India needs a comprehensive aviation infrastructure plan as air traffic is booming but developing airports like real estate business is “doomed to fail”, according to a top aviation professional. The professional also said that privatisation of aviation infrastructure, including airports, is not always the solution. In a wide-ranging interview to PTI, global...

PNB's NPA recovery in first quarter tops FY'18 level

Monday, 16 Jul 2018 | PTI | New Delhi

Scam-hit PNB's recovery of over Rs 7,700 crore in bad loans during the first quarter in the current fiscal has surpassed the total amount it recovered in the entire 2017-18 financial year, indicating that it has embarked on the turnaround path, the bank's top official has said. The Insolvency and Bankruptcy...

IRCON gets Sebi nod for IPO, issue likely in September

Monday, 16 Jul 2018 | PTI | New Delhi

Market regulator Sebi has given its go-ahead for the initial public offering (IPO) of rail PSU IRCON, which could hit the markets in September to raise about Rs 500 crore, an official said. IRCON had filed papers with the Securities and Exchange Board of India (Sebi) for the IPO, through...

IFFCO launches e-commerce platform for farmers; eyes $5bn sales in two years

Monday, 16 Jul 2018 | PTI | Chandigarh

Fertiliser major IFFCO has partnered with Singapore-based technology firm iMandi to start an e-commerce platform for farmers with an investment of about Rs 80 crore. An e-commerce app, 'IFFCO iMandi', has been launched that would cater to 5.5 crore farmers already associated with the cooperative. A web portal has also been...

LIC board to meet today to finalise IDBI Bank stake buy

Monday, 16 Jul 2018 | PTI | New Delhi

The board of insurance behemoth LIC is scheduled to meet on Monday to finalise the acquisition of 51 per cent stake in IDBI Bank, sources said. The due diligence process by LIC is complete as per the directions of Insurance Regulatory and Development Authority of India (Irdai), they said. State-owned Life Insurance...


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My father lived, died for India, says Rahul

15 Jul 2018 | PTI | New Delhi

Amid row over alleged use of derogatory language in a web series while referring to former Prime Minister Rajiv Gandhi, Congress chief Rahul Gandhi on Saturday said the BJP and the RSS believe that freedom of expression must be policed, while he regards it as a fundamental democratic right. “My father lived and died in the service of India...

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Two-month-old dies in 108-Amublance

18 Jul 2018 | Staff Reporter | RAIPUR

A two-month-old infant died due to suffocation after the door of the ‘108 Ambulance Service’ that was carrying him to a hospital malfunctioned and failed to open on time at Dr Bhimrao Ambedkar Hospital here on Tuesday. The Ambulance operators tried to open the door for a couple of hours but failed to open it on time...

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