Punjab, Chandigarh and Haryana are the three states where there has been a dramatic improvement in child sex ratio in ten years, according to the census 2011 report. However, Punjab and Haryana are also the places where the child sex ratio is the most skewed in favor of male children compared to girls. Child sex […]
Qatar Airways said its flight QR23 from Doha to Manchester, an Airbus A330-300, was forced to land at Manchester Airport after its crew got a bomb threat. “The crew had received a threat about a possible device on board and Qatar Airways immediately took all the necessary precautions to alert British authorities,” it said. “The […]
Environmental campaign agency Greenpeace said Nitish Kumar, former chief minister of Bihar, has praised its micro-grid solar project in Jehanabad district. “Elated to see homes, shops and streets lit up at night, Kumar praised Greenpeace and the unique energy model, upholding it as a crucial step towards rural electrification of Bihar,” the agency said in […]
Tata Communications Ltd said revenue from operations for the core business improved 12% at Rs.45,186 million (USD 756 million) from Rs.40,188 million (USD 720 million) during the corresponding quarter a year ago. On a quarter on quarter basis, revenue fell 2%, while operating profit fell 9%. The dip in sequential revenue was due to a […]
As per a new survey by industry association Assocham, 67% of Delhiites prefer shopping online while 23% prefer to shop in traditional markets like Sarojini Nagar, Lajpat Nagar, Karol Bagh, Janpath, Paharganj, Sadar Bazar and Chandni Chowk. Around 7% of respondents said they prefer to visit a mall for their shopping needs while 3% said […]
Real Estate builder Emaar MGF has been penalized by the National Consumer Disputes Redressal Commission for “deceptive practice” for “mischievously and cleverly” not giving a fixed delivery date before taking 11 lakhs from the customer for plot in Mohali. The Commission found that Emaar MGF had induced its customer to pay more than Rs 11 […]
Standard Chartered Bank has been told to pay two of its customers in India Rs 34,293.24 for levying ‘minimum balance’ charges on them without sufficient intimation. The bank had charged Rs.750, Rs.830 and Rs.830 to the accounts of Surinder Pal Arora and Nirmal Arora of Kirti Nagar, New Delhi, for failing to maintain Rs 10,000 […]
The ministry of information and broadcasting has imposed a one-day ban on transmission of two Assamese news channels, DY 365 TV and News Time Assam, for carrying a story alleging wrong relationship between an MLA and two young girls, including a minor. In the order, the ministry of information and broadcasting narrated the examination of […]
Rating agency Moody’s said the Reserve Bank of India’s new guidelines on exempting long-term from reserve requirements will allow banks to compete more effectively in the infrastructure loan market. “The new regulations are also likely to foster an improvement of banks’ competitive positioning vis-à-vis housing finance companies and infrastructure finance companies, because the banks’ lower […]
Aircel Cellular became the only other operator in India other than Bharti Airtel to launch 4G services, overtaking Reliance Industries’ Jio Infocomm, which is yet to launch services. The Chennai based company launched its 4G services in four circles, Andhra Pradesh, Assam, Bihar and Odisha. “With this launch, Aircel will now offer services under all […]
Hiring activity dipped slightly in June compared to May, but was up a substantial 22%, according to Naukri.com, an employment portal. The Naukri Job Speak Index for June came in at 1570, 2% lower than May 14. The highest activity level was in IT, with a 29% rise in the segment, followed by Pharma. Pharma […]
With $447 million worth annual furniture imports into India, China accounts for 53 per cent of India’s total furniture imports worth over $736 million thereby giving severe competition to the domestic industry, according to a just-concluded ASSOCHAM study. “Furniture imports into India are growing at 27 per cent annually while furniture exports from the country […]
Global corporation Brightstar has acquired a majority interest in Beetel Teletech Ltd, part of the Bharti group. The aim is to bring latest mobile technologies and services to the Indian market, the companies said. Beetel is a maker of land phones and other telecom equipment, and offers communication services. “As the largest specialized wireless distributor […]
Barclays has projected a consumer inflation rate of 7.0-7.5% for India in the current financial year, below the 10% level seen last year, despite the threat of a weak monsoon pushing up food prices. This would allow the Reserve Bank of India more leverage in reducing rates, it said. “The IMD (met dept) expects rains […]
The restrictions placed on iron ore mining by the judiciary has resulting in a shortage of the commodity in India and is leading to large-scale import of the product from overseas, JSW Steel has said. The company said it has decided to import around 6 million tonnes of iron ore in the current fiscal from […]
The impact of a new government is yet to be felt by the Real Estate sector in terms of actual sales, but enquiries have increased, Karvy Stock Broking said. It noted that in Mumbai & Suburbs, housing registration fell 10.5% in April compared to March, and is down 20.2% compared to April last year. “This […]
The National Alliance of People’s Movements has opposed any move by the government to dilute the strict provisions of the Land Acquisition, Resettlement and Rehabilitation Act of 2013. The Act, which was championed by Jairam Ramesh during his tenure as the environment minister, puts tough conditions on the forcible acquisition of citizens’ land by the […]
Ratings provider Fitch has downgraded the debt of Essar Projects Ltd, the holding company of the various construction companies of Essar Group, to ‘B-‘ from ‘B’. The primary reason is a wind-down of construction activity within Essar Group, which is largely into the energy business. “Essar Project’s order book shrank to USD3.5bn in FY13 from […]
Close to half of India’s girls are married before the age of 18, and one in five is married even before she turns 15, a report by Dasra, a philanthropic foundation, said. According to the report, India accounts for 40% of the world’s 60 million child marriages, which is the highest share globally. Pakzan Dastoor, […]
Sandip Sabharwal, a Mumbai-based fund manager and investment expert, has explained how unscrupulous hoarders and traders in India jack up the prices of onions. In a post on his Facebook page, Sabharwal described the exact methodology of how India’s onion cartel, that pushes up onion prices to as much as Rs 100 per KG, operates. […]
