The government of India will introduce a star rating for mines by next month and start monitoring mining activity using satellite, said mining secretary Balvinder Kumar said at an ASSOCHAM event held in New Delhi today. “If (mines)y don’t get 4 or 5 star rating they will get 2-3 years to comply. By end of […]
Spicejet is offering one-way fares starting at Rs 888 all-in for the domestic routes and Rs 3699 for international routes under a festival offer. “Applicable only on direct flights, under this offer, tickets on domestic routes are priced for popular routes such as Bengaluru – Kochi, Delhi – Dehradun, Chennai – Bengaluru at Rs. 888 […]
Jignesh Mevani, the young lawyer spearheading the protests against atrocities against Dalits, has launched a campaign to raise Rs 13 lakhs via crowdfunding platform BigGiving. This marks the first time a socio-political movement is trying to use the Internet to generate funds after the stunning success of a similar effort by Arvind Kejriwal-led Aam Aadmi […]
Supreme Court of India today asked the Union of India to appear and assist on two PIL petitions seeking CBI and SIT probe in the non transparent purchases of VVIP Helicopters by various State government. The order came in the PIL filed by Swaraj Abhiyan which was argued by Lawyer Prashant Bhushan. It is argued […]
Wipro Consumer Care and Lighting, part of the Wipro group, is buying 100% of Zhongshan Ma Er Daily Products Limited, a Chinese Fast Moving Consumer Goods (FMCG) company, in an all cash deal. “This acquisition will help the company leapfrog into the leading position in South China’s personal care market besides adding critical brands to […]
The amount realised through the 5th Tranche of Sovereign Gold Bond (SGB) Scheme, is expected to cross Rs. 820 crore, the ministry of finance said. This was mobilised through over 2.00 lakh applications representing around 2.37 tonnes of gold. “These numbers are likely to go-up further as the receiving offices are still in the process […]
Asserting there are no quick fixes for grave problems facing the public sector banks, mainly centered around close to Rs 5 lakh crore non-performing assets, ASSOCHAM President Mr Sunil Kanoria today said a paper brought out by the chamber clearly suggests mergers or consolidation of the PSBs is certainly no answer to the present crisis, […]
Setting up a Cauvery Water Management Board is the most ideal solution to settle the on-going Cauvery water conflict as per the directions of the Supreme Court, chairman of the Central Water Commission (CWC), Mr G.S. Jha said at an ASSOCHAM event held in New Delhi today. “The Cauvery Water Management Board is to be […]
India does have ambitions to reach the level of developed nations in education, but it will take at least six generations or 126 years to scale up to the top standard, if the country continues at its present pace in one of the most vital sectors, an ASSOCHAM Paper has said. “Though India has made […]
Comedian Kapil Sharma is set to be summoned by Mumbai Police after he sent off a tweet saying he was asked by local municipal authorities for a bribe of Rs 5 lakh when he was constructing his office. Sharma had asked BJP leader and Prime Minister Narendra Modi asking if this was the better days he […]
Hindu JanaJagruti Samiti, a loose coalition of some Hindutva organization, today sought the immediate withdrawal of charges against Satishkumar Pradhan, who was arrested over the weekend over charges including raping a truck driver. Pradhan is the head of Gau Raksha Dal (Cow Protection Force), a self-appointed group that tries to prevent people from killing cows. […]
Kerala finance minister Thomas Isaac defended the new tax imposed on Western food items in Kerala even as it became clear that move could be open to a challenge on the lines on which Maharashtra’s beef ban was overturned. The communists of Kerala — not the biggest fans of American culture — imposed the ban […]
The risks to global economy and India from Brexit are turning out to be higher than initially perceived, ASSOCHAM said today. The industry association called on the government to set up a high level monitoring group comprising inter-ministerial and agency representatives to watch the unfolding political-economic scenario in Europe. “Given the increased global risks, it […]
Adding its voice to the chorus of disappointment around the decision for the Reserve Bank of India to seek a new governor, Kotak Institutional Equities said it was “baffled” by the decision. RBI governor Raghuram Rajan — one of the most effective economic reformers India has ever seen — had announced his decision to step […]
Kerala Police have cracked the controversial case of the brutal rape and murder of Jisha, a law student in Perumbavoor near Kochi in Kerala. Amiyur Islam, a Bengali-speaking migrant labourer with an Assamese address, was arrested three days ago in Palghat. The body of the girl, Jisha, was found on April 28. Her injuries totalled 38, […]
After remaining rather low key in its first two years, AirAsia, the Malaysia-based budget airline and the pioneer of cost-efficient travel in Asia, is unleashing a wave of discounts and offers. The new offers under its ‘Big Sale’ scheme — being offered at the second anniversary of the airline’s entry into India — include ticket […]
The Naukri Job Speak Index reported a jump of 27% in hiring activity in May this year compared to last year. “Sustained growth in IT-Software and ITES during the year led to an impressive hiring sentiment for these sectors. On the other hand, Telecom and Real Estate reported a negative sentiment in Y-o-Y index for […]
International financial services firm Morgan Stanley said it expects the formation of bad loans to decline 40% this financial year, based on industry feedback. “Our view is that new NPL (non-performing loans) formation will decline by ~40% YoY in F17. It will still be high, but given the surge in F16, it should decline meaningfully […]
The results of latest round of FICCI’s Economic Outlook Survey puts across a median GDP growth forecast of 7.7% for the fiscal year 2016-17. The growth in 2016-17 is expected to be supported by an improvement in the agricultural and industrial sector performance. Prediction of a good monsoon after two consecutive years of sub-optimal rainfall […]
Lumax Industries, one of the most prominent automotive lights makers in India, opened a design centre in Taiwan to strengthen its in-house design capabilities and facilitate its expansion in South East Asia. “The opening of the Design Centre is seen as a strategic step towards Company’s self-reliance initiatives and making designing- cost competitive. The new […]
