India can aspire to quadruple its revenues from Africa to USD 160 billion by 2025 by developing its presence in sectors where India has a unique value proposition and African nations have high needs such as IT services, agriculture, infrastructure, pharmaceuticals and consumer goods, according to a McKinsey report released at a CII event. According […]
The daily ‘multitask’ requirement on working women is taking a toll on their health with three-fourth of them in the age group of 32-58 suffering from some life-style, chronic and acute ailment, as per a survey done by ASSOCHAM for the International Women’s Day (March 8). The Associated Chamber of Commerce and Industry (ASSOCHAM) latest […]
In news that would bring a smile to motorcycle fans of the country, KTM India has lowered the prices of both its models in the country the 200 Duke and the 390 Duke. The 390 Duke is now priced at Rs. 1,80,942 (Ex-Showroom New Delhi) which means a price reduction of almost Rs. 5600 while […]
A Consortium led by GMR Infrastructure Limited has won construction package of rail line doubling between Jhansi and Bhimsen stations in the State of Uttar Pradesh, India., the Bangalore based infrastructure company said. The total contract is valued at approximately Rs. 267 Crore of which GMR’s share of work is about Rs. 135 Crore, it […]
Real Estate major DLF Ltd has vehemently denied a report in Times Now that said that the company had been allotted 23 acres of land 3.5 km away from the Parliament of India at a throwaway price. The report, aired last night by the news channel, had claimed that even the Prime Minister’s office had […]
Yamaha Motor India Sales Pvt. Ltd. said domestic sales of two-wheelers rose 32.5% in February 2014 compared to the previous year. Domestic sales had risen by 6.5% to 31,721 units in January. It was not clear what the exact reason for the sudden jump was, but the company said the launch of its new scooter helped […]
Lee Kwan-Yew, the World’s longest serving prime minister and the architect of modern Singapore, sees India’s rise as a welcome development, but felt the Indians were a sensitive lot who had to be handled carefully. Lee also expressed his worries about Malaysia, which he called a “divided society” thanks to race politics, according to a […]
With Honda yet to report its car sales numbers for February, it was clearly Ford which led the industry in terms of sales growth during the month. Tata Motors, on the other hand, was the worst hit, with sales falling 35%. Powered by the EcoSports, which was launched late last last year, Ford reported a […]
India’s National Green Tribunal has stopped construction activity at its first drone research and manufacturing facility in Karnataka for lack of forest clearance. Justice Mr. M. Chockalingam (Judicial Member) and Prof. Dr. R. Nagendran (Expert Member) constituting the National Green Tribunal (Southern Zone Bench), issued a direction on 14th February 2014 halting all construction in […]
Moody’s Analytics economist Glenn Levine said there is little on the horizon that could lift India’s growth rate in 2014, pointing out that the government seems to be more focused on cash handouts ahead of the impending elections rather than investment. Levine said, however, that there is a chance of better governance, “especially if the business-friendly […]
Investigating agencies are probing irregularities at Bharat Sanchar Nigam Ltd in the payment of daily wages and in purchase of diesel for mobile towers in three states, the ministry of IT and communications said in a statement. The states where the irregularities have come to notice are Bihar, Karnataka and Punjab, the ministry said. “In Karnataka […]
SpiceJet Ltd today announced a “Super Summer Sale” for customers who book within the next three days, for travel between April 1 and June 30, 2014. It said the offer follows the success of the Super Sale offers that were launched by the airline earlier this year, and is “part of the airline’s commitment to […]
Indian public sector banks will find it difficult to maintain capital adequacy ratios unless the government provides more money to them to cover bad loans, ratings agency Moody’s has said. Indian state-owned banks are facing mounting bad loans, called non-performing assets or NPAs, as the country’s economy slows down and corporate clients are unable to […]
ONGC Videsh Ltd, India’s foreign-asset oriented state oil explorer, said it has signed a Production Sharing Contract (PSC) for two offshore blocks with the Bangladeshi government. The production sharing contract, the most important contract between a producer and the host country, was signed for shallow water exploration blocks SS-09 & SS-04 in the Bay of […]
The following are the key highlights of the interim Union Budget for 2014-15. The current financial year will end with the fiscal deficit at 4.6 percent (below the red line of 4.8 percent) and the revenue deficit at 3.3 percent. Fiscal Deficit in 2014-15 estimated to be 4.1 percent which will be below the target […]
Following changes in some indirect tax rates are proposed in Union Budget 2014-15. The Excise Duty on all goods falling under Chapter 84 & 85 of the Schedule to the Central Excise Tariff Act is reduced from 12 percent to 10 percent for the period upto 30.06.2014. The rates can be reviewed at the time […]
Model and upcoming actress Arshi Khan was selected and crowned Miss Maharashtra Global Tourism on Saturday 15th February 2014, as part of the ongoing Miss Maharashtra King & Queen 2014 Pageant. She will represent the State of Maharashtra at the Global Tourism event and conference – Miss Global Tourism 2014, to be held in April. […]
Negative investor sentiment due to recent payment crisis in the National Spot Exchange Ltd (NSEL), sluggish participation in gold and silver futures and increased volatility following rupee have combined to pull down the turnover in India’s top commodity futures trading exchanges, according to an expert paper prepared by ASSOCHAM. From a peak of Rs 181.26 […]
As expected, Arvind Kejriwal stepped down as the chief minister of Delhi on Friday protesting the decision by the Congress Party and BJP to block the Jan Lokpal bill from being introduced in the Delhi Assembly. Some have called it a master strategy, others call it premature and a poor move. Kejriwal said the two […]
A press conference, intended to address media’s concerns over corruption and scams in the government, backfired after the opposition seized on statements made by the Prime Minister in the interaction. Opposition, including both the left and the BJP, attacked the three defenses put up by the PM when asked about scams. First, the PM Manmohan […]
