Government signs $250mn Loan Agreement with ADB to improve rural connectivity in 5 states
The Asian Development Bank (ADB) and the Government of India on Tuesday signed a 250 million dollar loan to finance the construction of 6,254 kilometres all-weather rural roads in the States of Assam, Chhattisgarh, Madhya Pradesh, Odisha and West Bengal…
Agri Ministry launches Kits for detection of toxic adulteration in fish
Union Agriculture and Farmers Welfare Minister Radha Mohan Singh on Tuesday launched here two Rapid Detection Kits for Adulterants in Fresh Fish, developed by Central Institute of Fisheries Technology (CIFT), Kochi. Ammonia helps in preventing ice from melting and use…
Major fishery project coming up at Tapandighi in South Dinajpur district
A major fishery project is coming up at Tapandighi in South Dinajpur district of West Bengal, at an investment of Rs 54 crore. It would cover an area of 108.52 acres, 85 acres of which would comprise of water bodies. …
Emami Ltd registers 10 pc growth in domestic sales; 16 pc in international market
Emami Limited, operating in the field of personal and healthcare business since decades, announced its financial results of the company for the third quarter and nine months ended December 31st , 2017. The company closed the quarter with a turnover…
Blockchain-based healthcare to setup ‘Healthureum’ launched
Health-based startup from Estonia has announced ‘Healthureum’ a blockchain based healthcare system which is devised to combat the current challenges faced by healthcare machinery across the globe. ‘Healthureum’ claims that the system will embark upon 100 per cent drug traceability…
KTCL signs MoU with Petroleum Conservation Research Association
Kadamba Transport Corporation Limited (KTCL) signed a memorandum of Understanding (MoU) with Petroleum Conservation Research Association (PCRA) for training KTCL drivers in the presence of Chief Minister Manohar Parrikar at Secretariat at Porvorim near the city on Friday. Speaking on…
HDFC launches ‘Systematic Investment plan’
HDFC Securities, the leading stock broking company in India, has announced the launch of daily ‘Systematic Investment plan’ (SIP), a new initiative in partnership with Bombay Stock Exchange. This unique service gives investors the option to invest in mutual funds…
Growing demand for Indian shrimp & fish in international markets
Riding on a robust demand for its frozen shrimp and fish in international markets, India exported seafood worth an all time high of US$5.78 billion in 2016-17 as against US$4.69 billion a year earlier, with USA and South East Asia…
SBI Card, First Data expanded partnership for card processing services
India’s leading credit card issuer, SBI card, on Thursday inked an expanded partnership with First Data, a global leader in commerce-enabling technology, to upgrade card management solutions. As part of the agreement, SBI will leverage the latest version of First…
Government allocates new 325 air routes to 15 airlines under UDAN-2
The Ministry of Civil Aviation on Wednesday announced that under Regional Connectivity Scheme (RCS), also known as UDAN (Ude Desh ka Aam Nagrik), allotted 325 air routes to 15 airlines and helicopter service providers which will connect 73 new airports….
Japan commits Rs 2587 cr loan for Bengaluru Water Supply and Sewerage Project
The Government of Japan has committed Japan International Cooperation Agency (JICA) Official Development Assistance loan for an amount of Yen 45 billion (Rs.2587 crore approx) for Bengaluru Water Supply and Sewerage Project (Phase 3) (I). The Notes in this regard…
Govt announces banking reforms, will monitor loans above Rs 250 cr
To overcome with the problem of Non Performing Assets (NPAs) of Public Sector Banks (PSBs) and to curb the repetition of the same in the future, Government on Wednesday said that all the loan above Rs 250 crore will be…
India’s textile value chain needs robust partnership with ASEAN: Textile Ministry
To leverage country’s strength in textile value chain, Minister for Textiles Smriti Irani on Tuesday urged ASEAN industry to set up manufacturing bases in India to cater to the domestic market and exports. “India offers a one-stop textiles sourcing hub…
Male grooming product market growing at 45 pc CAGR
The Indian men’s grooming product market was growing at compound annual growth rate (CAGR) of about 45 per cent, a report by industry body ASSOCHAM stated. The rising aspiration among Indian men to look better groomed, rapid urbanisation and increasing…
Reforms in agriculture sector will be key in budget
Reforms in the agriculture sector will be the key in Finance Minister Arun Jaitley’s budget for 2018-19 to be presented in Parliament on February 1. Marketing reforms and payment of assured minimum support price to farmers for their produce are…
India GDP growth rate better than China and at 7.4 per cent : IMF
The International Monetary Fund (IMF) on Monday projected that India’s growth rate will be at around 7.4 per cent of its gross domestic product (GDP) in 2018 and said that the growth rate will be broadly stable in ASEAN region. “Emerging…
Shahnaz Husain Group Launches Herbal Deodorant in Indian Market
Leading Organic beauty Care Company, The Shahnaz Husain Group , has launched its exciting range of Herbal Deo fragrances in Indian Market under Brand Name —“O” Shahnaz Husain Fragrance Body Spray in Men and Women variants. “There is no gas…
Land Rover Launches the New Range Rover Velar In India for Rs 78.83 lakh
Land Rover today announced the launch of the much-awaited Range Rover Velar with prices starting from Rs 78.83 Lakh in India. Derived from the Latin word Velare meaning ‘to cover’ or ‘veil’, Velar is a direct reference to the code…
India loses 4pc of GDP to malnutrition: ASSOCHAM-EY
As Finance Minister Arun Jaitley is busy giving final touches to the Union Budget for 2018-19, an ASSOCHAM-EY joint paper has said that nearly four per cent of India’s GDP is estimated to have been lost due to malnutrition and…
Income of milk producers has increased by 23.77 percent, Milk Production Increased
In the past three years, with the annual growth rate of 6.3 per cent, India has outpaced global milk production where it has grown by 2.1 per cent. Union Agriculture and Farmers’ Welfare Minister Radha Mohan Singh said income of…
IMF, World Bank commend RBI role in banking supervision
International Monetary Fund (IMF) and the World Bank have commended the Reserve Bank of India (RBI) for the remarkable progress in strengthening banking supervision. In the reports of the 2017 India Financial Sector Assessment Programme (FSAP) – the Financial System…
TRAI asks RCom to refund unspent balance and security deposit to customers
The Telecom Regulatory Authority of India (TRAI) on Friday directed Reliance Communications (RCom) to refund the unspent balance of prepaid mobile subscribers and security deposit of postpaid subscribers, pursuant to the closure of 2G GSM, CDMA and discontinuation of voice…
India will achieve 175 GW of installed renewable energy capacity before 2020: RK Singh
Raj Kumar Singh, Minister of State for Power and New & Renewable Energy, said on Thursday that India has one of the fastest growing Renewable Energy programmes in the world and the country would achieve its target of 175 GW…
Govt opens bid for 55 oil, gas blocks under OALP
Union Petroleum Minister Dharmendra Pradhan on Thursday launched the first bid round under Open Acreage Licensing Policy (OALP), for international competitive bidding here. Altogether 55 oil and gas blocks, each carved out by prospective bidders in promising basins with an…
Kuwait’s leading low cost airline Jazeera Airways starts Direct flight to Ahmedabad
Jazeera Airways, Kuwait’s leading low cost airline, operating regionally and internationally, has started its operations from Ahmedabad Sardar Vallabhbhai Patel International Airport. Addressing a press conference here on Thursday Andrew Ward, VP Marketing & Customer Experience of the airways said…
Govt working on strategy to diversify export basket: Prabhu
Union Minister for Commerce and Industry Suresh Prabhu said on Thursday that the government is working on a strategy on the diversification of India’s export basket in a bid to enhance its export presence in the top items of world…
Gujarat based multinational phama major Torrent acquires US company Bio-Pharm Inc
Ahmedabad based multinational pharma major Torrent Pharmaceuticals Limited (Torrent) today, announced the acquisition of Bio-Pharm, Inc. (BPI) a generic pharmaceuticals and OTC Company, based in Levittown Pennsylvania, USA. Established in 1992, BPI has a proven track record in the research…
RBI to hold Town Hall Meeting on MSME related issues on Jan 19
Reserve Bank of India, Financial Inclusion and Development Department here will be conducting a Town Hall Meeting on Micro, Small & Medium Enterprises (MSME) related issues on January 19, 2018 at Verna, around 25 km from here. According to a…
Sitharaman to inaugurate Industry Development Meet in Chennai today
Defence Minister Nirmala Sitharaman will inaugurate the two- day ‘Defence Industry Development Meet’ at Chennai beginning on Thursday. The objective of the meet is to forge new partnerships with private industry with the aim to achieve self-reliance in defence production…
Include Petro products in GST at earliest, continue C Forms till then: CII
Confederation of Indian Industry (CII) has called for inclusion of Petroleum and Natural Gas under GST at the earliest. Till such time as this is done, C Forms should be continued to avoid high tax incidence on these products. CII…