Government discloses names of 3 black money holder; one of them donated 9 times...
By TCN News,
New Delhi: The Central government on Monday has filed an affidavit before the Supreme Court naming three persons who are black...
India’s demonetisation scheme has given rise to frustration and anger
By Amjad suri for TwoCircles.net
Indian prime minister has a penchant for playing political master-stroke. His sudden impromptu decision on demonetizing old currency...
Eva Air third airline to suspend Indian operations
By Varada Bhat, IANS,
Mumbai : Rising fuel costs coupled with the choice of destinations have forced Taiwan-based Eva Air to pull out of India, making it the third international carrier in a year to stop operations here.
"We have decided to temporarily suspend operations to India with effect from June 1. We will evaluate the re-opening of India operations once profitability conditions are reinstated," Eva Air general manager (India) Eric Chiang told IANS.
Madhya Pradesh to improve Chambal canal system
By IANS,
Bhopal : The Madhya Pradesh government Wednesday announced improving the Chambal canal system under its water restructuring project with an expenditure of Rs.4.25 billion.
"Improvement of main canal of Chambal canal system would bring 273,000 hectare area of 756 villages in Morena, Bhind and Sheopur districts under irrigation and would lead to considerable increase in the yields," said an official of the water resources department.
Loading and unloading of Cargo in Kolkata Airport automated
By NNN-PTI,
Kolkata : In a bid to automate and speed up loading and unloading of cargo planes, two sophisticated machines have been installed at the N S C Bose International Airport by the AAI.
The Automated Storage Retrieval System (ASRS) imported from Malaysia would be used for loading cargo planes and the Elevated Traffic Vehicle System (ETVS) from Germany for unloading them, Senior Manager (Cargo) N S C Bose International Airport K J Raju told PTI.
‘Tea coin’ from Assam the latest fad in Canada
By Syed Zarir Hussain, IANS
Guwahati : Tea coin is the latest fad in Canada - dip the coin in hot water and drink your steaming cup of tea, that too without any fears of pesticide residues.
The latest value addition to the beverage is the tea coin - two grams of garden fresh organic tea packed in coin shape and then marketed in Canada.
Lok Sabha passes bills to extend GST to J&K
New Delhi, (IANS): The Lok Sabha on Wednesday passed legislation to extend the Goods and Services Tax (GST) to Jammu and Kashmir, making it part...
India’s GDP growth fell to 7.1% in 2016-17 from 8.2% in 2015-16
New Delhi (IANS): In line with the earlier official estimate of the country's GDP growth in the last fiscal, demonetization-hit India's gross domestic product...
Socio-economic development is impossible without freedom: FDCA chairman Prof. Muchkund Dubey on Independence Day
Chairman of Forum for Democracy and Communal Amity (FDCA), Professor Muchkund Dubey said the country achieved Independence after a great struggle. He said that...
Pakistan raises LPG price
By IANS,
Islamabad : Pakistan has raised the price of liquefied petroleum gas (LPG) by Rs.6 per kg to Rs.95 (about $1). An LPG cylinder of about 11 kg will now cost around Rs.1,000.
Case for interest-free banking and finance
As many as 75 countries across the world have adopted the system. The operational term in many cases is not ‘Shariah’ but “interest-free” banking.
By...
Indian pharmaceutical giant, Yusuf Hamied features in ‘The Lancet’
By Raqib Hameed Naik, Twocircles.net, ...
Godrej Hershey uses mixed strategy to increase revenue
By IANS,
Chennai : Confectionary major Godrej Hershey Limited, with a turnover of Rs.400 crore, is looking to increase its revenue in the sugar candies segment by using a mixed strategy.
While the company has launched lollipop at half the price of the competition - Re.1 - it plans to do the opposite in the hard candies segment launching variants at price points of Re.1 and Rs.2.
Taj Hotels buys hotel in San Francisco for $58 mn
By IANS, New York : Taj Hotels, Resorts and Palaces, a part of the Tata Group under the Indian Hotel Company, Tuesday said it has acquired Campton Place in San Francisco - a 110-room, European style luxury hotel - for $58 million.
This is the group's first hotel in East Coast and the third in the country, after the lease entered into in 2005 to operate the The Pierre in New York's Fifth Avenue and full ownership of Taj Boston earlier this year.
Rajasthan farmers launch agitation for more water
By IANS
Jaipur : Farmers of Rajasthan's Sriganganagar district Monday renewed their agitation for release of more water from the Indira Gandhi Canal for irrigating their fields.
Over 1,000 farmers trooped in from various parts of Sriganganagar, over 550 km from here, and gathered at a common meeting place in Gharsana.
The farmers earlier warned that they would hold massive protests if the state government failed to accept their demands by Nov 4.
Contract labour regularisation as per seniority: NLC
By IANS
Chennai : The lignite mining and power generation at Neyveli Lignite Corp Ltd (NLC) returned to normalcy as majority of the 12,000 contract labourers returned to work after a nine-day strike.
"Only a small percentage of contract workers, who are deployed at our second thermal station, are continuing their agitation," a top official, pleading anonymity, told IANS.
“Corona has left us in trauma,” Bihar locals recount surviving a ‘devastating health crisis’
The past two months have left the residents of the north Indian state of Bihar reel under the impact of the second wave of...
“Was greeted with hearts full of love, not grenades,” Rahul Gandhi on concluding Bharat...
Gandhi said he did not take this Yatra for Congress or himself but for the country's people.
Afnan Habib | TwoCircles.net
SRINAGAR (JAMMU & KASHMIR) — Amid heavy...
नोटबंदी: खामोशी से सहने वाले लोगों की तादाद इस मुल्क में अब भी ज्यादा...
नासिरूद्दीन
देश भर में ऐसी बेचैनी, अफरा-तफरी, परेशान हाल लोग जमाने बाद एक साथ सड़कों पर दिख रहे हैं. ये किसी पार्टी के ‘बहकावे’ या...
Farmers march in Delhi for loan waiver, higher crop prices
New Delhi, (IANS) Thousands of farmers from across the country on Friday marched from Ramlila Maidan to Parliament Street in the heart of the...
Kerala’s Wayanad district brims with tourists
By Jeevan Mathew Kurian, IANS
Kalpetta (Kerala) : With the New Year round the corner, Wayanad district, an emerging tourist destination in Kerala, is brimming with tourists.
Located in North Kerala, 60 km east of Kozhikode, at an altitude ranging from 700 to 2,100 metres on the Western Ghats, Wayanad attracts a large number of domestic and foreign tourists.
Reliance Super store inaugurated in Jamnagar
By IANS,
Ahmedabad : Reliance Retail launched the eighth Reliance Super mini-mart in Gujarat at Jamnagar Wednesday.
"There was no celebrity to inaugurate the store. We requested the first customer to cut the ribbon and light the inaugural lamp," a senior Reliance official told IANS from Jamnagar.
Other cities in Gujarat to have Reliance Super stores are Himmatnagar, Anand, Bharuch, Bhuj, Navsari, Ahmedabad and Vapi.
Demonetization in India: Who will pay the Cost?
“Everyone will adjust. And while it can hurt some small businesses and individuals, it is better to do it than not.”–Mauro Guilin
By Maryam...
Hindustan Aeronautics sales up 19 percent in 2008-09
By IANS,
Bangalore : State-run defence behemoth Hindustan Aeronautics Ltd (HAL) posted a turnover of Rs.10,260 crore in 2008-09, registering a 19 percent increase year-on-year from Rs.8,625 crore, the company said Wednesday.
"With this record performance, we have met the memorandum of understanding (MoU) parameters signed with the defence ministry," the company said in a statement.
Hong Kong bank offers 0.001 percent interest rate on deposits
By DPA,
Hong Kong : Hong Kong's leading bank, HSBC Holdings, Thursday was offering interest rates so low that customers would need to save $250,000 for a year to earn enough interest to buy a cup of coffee.
A record low interest rate of 0.001 percent was being offered by HSBC, which has 4.2 million customers in the city of seven million, because of what it described as rock-bottom interbank rates.
The rate meant that a saver would need to deposit two million Hong Kong dollars ($258,000) for a year to get enough interest to buy a cup of coffee costing 20 Hong Kong dollars.
Cuba’s celebrated Havana Club rum to enter India
By IANS,
New Delhi : Havana Club, the celebrated Cuban rum, is entering the Indian market. Its white rum is being launched by Havana Club International, a 50:50 joint venture between the French alcoholic beverages giant Pernod Ricard and the Cuban government.
"We find the market in India very good for white rum," a senior official with the Cuban company said, adding that over the next two weeks Havana Club will be showcased in Gurgaon on the outskirts of the Indian capital, Bangalore, Goa and Kolkata.
Electrotherm to make batteries for electric vehicles in India
Ahmedabad(IANS) : India's first Lithium ion polymer batteries will be manufactured in Gujarat. City-based Electrotherm (India) Ltd has inked a memorandum of understanding with Canadian firm Electrovaya to form a joint venture for this purpose.
The joint venture (JV) will set up an advanced Lithium super polymer battery plant with a capacity of up to 10 MW hours a month. The batteries will be sold in the zero-emission electric vehicle market in India and overseas.
Nippon Paint plans Rs.3.5-billion investment in Gurgaon
By IANS
Chennai : Nippon Paint (India) Private Ltd will invest around Rs.3.5 billion to build a new plant in Gurgaon near New Delhi, said a top company official.
"It will be our flagship plant in India, manufacturing decorative and industrial paints. We have acquired 31 acres in Gurgaon," Yip Wai Meng, managing director of the company, told the media here Wednesday.
The proposed plant will cater to the northern and western markets for decorative and industrial paints.
Lucas TVS buys Indrad Auto’s assets
By IANS
Chennai : Auto electricals major Lucas TVS Limited, part of the Chennai-based TVS group, has bought the auto component facility of Sical Logistics Limited near Chennai for Rs.146.90 million for its growth plans.
Formerly known as Indrad Auto, Sical Logistics' auto component division at Maraimalai Nagar makes auto electricals.
एक बार फिर जंतर मंतर पर जुटे किसान, लगाया वादाखिलाफी का इल्ज़ाम
स्टाफ रिपोर्टर। Twocircles.net
दिल्ली के जंतर-मंतर में आज संयुक्त किसान मोर्चा अराजनैतिक ने लखीमपुर हिंसा में मारे गए किसानों को इंसाफ और केंद्रीय मंत्री अजय...
Bihar to set up film city with Bollywood actors’ help
By IANS,
Patna : Bihar will seek the help of Bollywood actors and filmmakers hailing from the state to set up a film city on public-private partnership basis.
Chief minister Nitish Kumar said here Tuesday that the government plans to establish a film city as "part of Bihar's development agenda to attract investments".
He said the government will revive the State Film Corporation to give concrete shape to the plan, adding that officials have been asked to identify places in Patna, Gaya and Rajgir in Nalanda district.
Islamic religious bodies demand rehabilitation of Assam evictees, action against culprits
A high-level joint delegation of Muslim organisations including Jamaat-e-Islami Hind, Jamiat Ulema-e-Hind and Students Islamic Organization of India (SIO) visited Assam to assess the...
With demonetisation, PM Modi has made common people feel like thieves
By Sheikh Khurshid Alam for TwoCircles.net
Browsing through the pages of the November issue of Economic & Political Weekly (EPW), I came across a...
India’s zero import duty ruins Nepal’s ghee industry
By Sudeshna Sarkar, IANS,
Kathmandu : Nepal's ghee industry, largely dependent on its giant neighbour India for its market, is on the verge of closure after the Indian government slashed the import duty on ingredients and enabled its own industry to reduce prices.
Several manufacturers in Nepal have already gone out of business while the remaining 16 are frantically searching for other options.
The crisis was triggered after India reduced import duty on palm oil, soybean and other oils used to manufacture vegetable ghee in a bid to curb inflation.
Rise in flower prices hits Onam celebrations
By IANS,
Kozhikode : The colourful and often intricate floral patterns called pookkalam, which are made at the entrances to homes in Kerala during the harvest festival of Onam, are a bit smaller this year due to the huge hike in the price of flowers.
It is from Atham, the first day of 10-day Onam festivities, that pookkalam is laid. On the Atham day Tuesday, flower outlets, many of them temporary sheds that come up on Onam days, attracted hundreds of customers but they bought only small quantities of flowers as prices have almost doubled since last year.
Saturday nite market promoter denied visa, faces tree-cutting case in Goa
By IANS,
Panaji : Ingo Grill, the controversial promoter of the famous 'Saturday nite market' in the quaint village of Arpora in Goa, is caught in a piquant situation.
While the German national has been denied a visa by the union Ministry of Home Affairs (MHA) to enter India, a local trial court has issued a non-bailable warrant in his name for cutting down trees without requisite permission.
नोटबंदी से लेकर मोदी की जाति तक फूटा मायावती का गुस्सा, ‘आर्थिक आपातकाल’ का...
सिद्धांत मोहन, TwoCircles.net
लखनऊ: आज बसपा मुखिया मायावती ने आज अपनी प्रेस कांफ्रेंस में नोटों को बदलने व बंद करने संबंधी केंद्र सरकार के ताजा...
IMRC to provide monthly ration to 1,500 poor and elderly women in Hyderabad
By TCN News
Hyderabad: US-based Indian Muslim Relief and Charities (IMRC), in collaboration with their Hyderabad-based sister organisation Sahayata Trust, have launched a programme...
Once a hunting lodge, now a nature lover’s delight
By Madhusree Chatterjee, IANS,
Nimaj (Rajasthan) : History-rich Rajasthan may be dotted with hundreds of heritage hotels, but on the outskirts of this 700-year-old erstwhile royal estate in Pali district lies a resort that prides itself for eco-sensitive tourism in India's desert state.
Welcome to Camp Chhatra Sagar, which factors in the importance of rainwater harvesting and irrigation and couples it with ethnic cuisine, plush accommodation and adventure activity to create a marketable mix. Nimaj is around 222 km from state capital Jaipur.
Agenda for India: Industry
TwoCircles.net presents “Agenda for India”. Series editor is Charu Bahri.
Challenges & Solutions
Soeb Fatehi, Principal Consultant, Encode; Director, Control Panel and Switchgear Manufacturers’ Association and sitting member, Western Suburb Center Committee, Bombay Management Association & Electronics and Telecom Committee, Indian Merchants Chamber shares his outlook on the foremost challenges facing Indian industry.
Mukesh Ambani’s Reliance to sponsor more sports events
By Qaiser Mohammad Ali, IANS
New Delhi : The Mukesh Ambani-owned Reliance company will venture into more sports-related activities, possibly sponsoring the 2011 cricket World Cup to be co-hosted by India, after investing well over $117 million in the lucrative Indian Premier League (IPL).
R. Balachandran, president and chief marketing officer Reliance Retail, told IANS that the IPL Twenty20 tournament, starting April 18, is the company's "first stop" on the way to getting into sports in a big way.
Oberoi to expand Trident Hotel brand overseas
By IANS
Mumbai : The Oberoi Group will re-brand its Trident Hilton chain of boutique hotels as Trident hotels and expand the brand in India and abroad, said chairman P.R.S. Oberoi here Monday.
The group's existing Trident Hilton hotels located in Mumbai, Gurgaon, Agra, Jaipur, Udaipur, Kochi, Bhubaneswar and Chennai will be re-christened as Trident Hotels from Tuesday.
The re-branding comes after the Oberoi Group terminated its association with Hilton International last September.
Panic run on ATMs as thousands rush to withdraw, deposit notes
ArrayNew Delhi : There was a panic run on ATMs across the Indian capital as Prime Minister Narendra Modi declared that Rs 500 and...
BSE and TASIS train business executives for Islamic banking & finance
By Mohd. Ismail Khan and Mudassir Rizwan, TCN,
DSCL to double chlor-alkali plant capacity
By P.S. Anantharaman, IANS,
Ahmedabad : The Rs.27 billion DCM Shriram Consolidated Limited (DSCL) is more than doubling its chlor-alkali production capacity at its Bharuch plant in Gujarat with an investment of Rs.3.2 billion.
The third largest chlor-alkali manufacturer in India after Gujarat Alkalis Ltd and the Aditya Birla group, the Delhi-based DSCL plans to enhance its Gujarat plant capacity from 200 tonnes per day to 435 tonnes.
It has sought a corporate loan from the Washington-based Internal Finance Corporation (IFC).
Fifty piping hot years of Indian Coffee House
By Jeevan Mathew Kurian, IANS
Kozhikode : If you sip a cup of hot coffee at the Indian Coffee House, you contribute to the cause of the working class. The popular restaurant chain, run by workers' cooperatives, marks its golden jubilee this year.
There are about 70 Indian Coffee Houses in Kerala that dish out idli, dosa, vada, biryani and of course coffee among other things. But since the chain has branches all over India, the fare varies from region to region.
Cuddalore tribes to get design help for traditional skills
By IANS
Cuddalore (Tamil Nadu) : The Federation of South India Producer Associations (SIPA) has tied up with the National Institute of Fashion Design to train tribes from Cuddalore in Tamil Nadu to use new designs in traditional handicrafts.
The project, known as "Vazhndhu Kaatuvom" (will live and show you), will create societies for the artisans in Cuddalore, some 400 km south of state capital Chennai.
"It aims at reducing poverty and empowering the poor and marginalized," says project manager S. Rajan Babu.
Northeast could be largest rubber producing region
By Sujit Chakraborty
Agartala, March 25 (IANS) India's northeast has the potential to transform itself into the world's largest natural rubber producing region and the country's second rubber-based industrial park is being set up in Tripura to boost the industry.
"Future expansion and growth of natural rubber in India lies in the northeast, which is agro-climatically most suitable for rubber cultivation," Sajen Peter, chairman of the Rubber Board of India, told IANS.
BSNL to install over 600 towers in rural Uttar Pradesh
By IANS,
Lucknow : Indian telecom major Bharat Sanchar Nagar Limited (BSNL) will expand and improve its mobile connectivity in rural Uttar Pradesh by installing over 600 new base transmitting station towers (BTS) in the state, a top company official said Friday.
"The exercise of setting up BTS towers will be undertaken within a month," BSNL's general manager (establishment and development), UP, G.C. Srivastava told IANS.
लॉकडाऊन के बाद से बर्बाद हो गई मजदूरों की जिंदगी, अब हर रास्ता लगता...
दरभंगा से जिब्रानउद्दीन। Twocircles.Net
प्रधानमंत्री नरेंद्र मोदी द्वारा 24 मार्च को लॉकडाउन की घोषणा करने के लगभग एक साल बाद भी प्रवासी मजदूरों की स्थिति...
Riverbank to invest Rs.30 bn on Calcutta Riverside project
By IANS,
Kolkata : Riverbank Developers Ltd will invest Rs.30 billion (Rs.3,000 crore) to develop the Calcutta Riverside project at Batanagar in West Bengal, a top official said here Wednesday.
Located on the eastern bank of the Hooghly river in South 24-Parganas district, the entire project on 262 acres will have a hotel, malls, residential apartments, hospital, township and an IT special economic zone (SEZ).
Riverbank is a joint venture entity between Calcutta Metropolitan Group (CMG) and footwear major Bata India.
HDFC Bank gets 70,000 salary accounts, Punjab police gets insurance
By IANS,
Chandigarh: Over 70,000 personnel of the Punjab Police were Wednesday offered a New Year bonanza with deputy chief minister Sukhbir Singh Badal launching an insurance cover scheme for them.
The insurance cover scheme has been launched in a tie-up between the Punjab police and the HDFC Bank.
In lieu of the insurance cover, HDFC Bank will get the salary accounts of over 70,000 Punjab Police personnel.
Badal said the constabulary and the Other Ranks (ORs) would be the biggest beneficiaries of the new insurance scheme.
Kolkata’s landmark Old Silver Mint to be re-incarnated
By Aparajita Gupta, IANS,
Kolkata : Eight developers have bid for a Rs.1.5-billion project that will see the Old Silver Mint, a fine piece of Grecian architecture on Strand Road here, developed into a museum, hotel and food court, an official associated with the project said.
Despite economic slowdown, Indian Bank posts 27 percent revenue growth
By IANS,
Chennai : Despite the hardening of lending rates and a slowdown in the economy, Indian Bank managed to post a 26.8 percent growth in its revenues and a marginal increase in its net profit in the first quarter of the current fiscal compared to the corresponding period in the previous fiscal, a top Indian Bank official announced Monday.
Cipsa expands printed circuit board manufacturing capacity
By IANS,
Bangalore : Indo-Spanish joint venture Cipsa-RIC India Thursday commissioned its printed circuit board (PCB) manufacturing unit at Tumkur, about 70km from here, expanding its capacity to meet the growing domestic and export demand.
Set up on an investment of Rs.85 crore (Rs.850 million or $20 million), the hi-tech plant has an installed capacity to manufacture 0.5 million (500,000) square metres of double side and multi-layer PCBs per annum.
It also has an additional 250,000 square metres per annum capacity to roll out single side PCBs.
‘Occupy UGC’ movement in Delhi sees students detained, lathicharged
By Raqib Hameed Naik, TwoCircles.net
New Delhi: The 'Occupy UGC' movement over the scrapping of non-National Eligibility Test (NET) fellowship...
रमज़ान में मुश्किलों से जूझ रहे हैं बनारस के मुस्लिम
सिद्धांत मोहन, TwoCircles.net
वाराणसी: रमज़ान आने के साथ-साथ देश के प्रमुख धार्मिक शहर बनारस में समस्याओं का भी आगमन हो जाता है. यहां के मुस्लिम समुदाय का एक बड़ा हिस्सा रोज़ाना की दिक्कतों से दो-चार हो रहा है. यहां बिजली की समस्या है, पानी की, साफ़ खाने की और पैसों की समस्या तो है ही.
Taj Mahal area should be no-plastic zone, polluting industries shut: UP to SC
By IANS:
New Delhi, July 24 (IANS) The Uttar Pradesh government, in its first draft report of its 'Vision Document' on protection and preservation of...
Vibrant Gujarat: Reliance will invest Rs.100,000 crore
Gandhinagar : The Mukesh Ambani led-Reliance Industries (RIL) will invest Rs.100,000 crore across its businesses, including the Gujarat petrochemical complex, in the next 18...
Modi’s One Year : Environmental protection still awaits balance
Although the number of actual clearances given on paper for infrastructure projects are not much different compared to the UPA rule, the NDA rule...
Broadband auction winners to pay up license fee by June 22
By IANS,
New Delhi : The government Saturday formally approved results of the broadband wireless access (BWA) auction and said the winners need to pay up the license fee by June 22.
"The results were considered and approved by the committee headed by the cabinet secretary. Winning bidders, including MTNL and BSNL, are required to pay the amount by June 22, 2010," said a telecom ministry statement.
The auction for BWA spectrum ended Friday, swelling the government coffer by Rs.38,543.31 crore (over $8.56 billion).
Myanmar, India finalising river transportation project
By Xinhua
Yangon : Myanmar and India are in the process of finalising a river transportation project mooted during former Indian president A.P.J. Abdul Kalam's state visit in March last year, local media reported Tuesday.
The Kaladam multi-modal river transportation project, which also involves the building of the Paletwa border road, will involve India extending a US $10 million line of credit.
The Kaladam project will cover upgrading of waterways along the Kaladam River and Sittway port in Western Myanmar's Rakhine state, the Flower News said.
Five NRIs on board of Kerala infrastructure company
By IANS
Thiruvananthapuram : Five Kerala-born non-resident Indians have been named on the board of Infrastructure Kerala Ltd (InKel), a new infrastructure company formed under a public-private partnership.
Speaking to IANS, state Industries Minister Elamaram Kareem said the five businessmen were M.A. Yusuf Ali living in the United Arab Emirates, Galfar Mohammed Ali living in Oman, C.K. Menon and C.M. Rappai living in Doha, and Varghese Kurian living in Kuwait.
The board of the company would comprise nine members. Four of them are government nominees.
PepsiCo to set up seaweed processing plant in Tamil Nadu
By IANS
Chennai : Beverage and snack food major PepsiCo India Holdings Private Ltd has plans to set up a Carrageenan biopolymer plant in Tamil Nadu, mainly for the overseas market.
Extracted from red seaweed, Carrageenan is a biopolymer used as a gelling/thickening agent in food processing and pharmaceutical industries. It is also used in beer as a clarifier, in toothpaste as a stabiliser and in shampoo as a thickener.
Reddy group to source iron ore from Indonesia mines
By IANS,
Bangalore : Mining and steel major Gala Janardhan Reddy (GJR) group has entered into a strategic alliance with PT Earthstone Resources of Indonesia to source iron ore from Sumatra mines for its greenfield integrated steel plant in Andhra Pradesh and export markets, said a top official here Monday.
The GJR group, headed by Karnataka Minister for Infrastructure and Tourism G. Janardhan Reddy as its chairman and managing director, will invest $30 million in mining the iron ore with 64 percent ferric content and shipping part of it for captive consumption.
Software company in Rs.800 mn scam: ex-students
By IANS,
Chennai : A case of cheating has been registered Saturday against Shiv Kumar, the promoter of software company Vispro, for allegedly cheating software professionals to the tune of Rs.800 million ($20 million), the police said.
According to the police, Kumar promised jobs to more than 1,000 candidates who paid between Rs.35,000 and Rs.200,000 per head for learning software skills and eventually getting employment. He then disappeared with the money even without paying salaries to the employees of the company for the last three months.
Industrialist K.K. Birla passes away
By IANS,
Kolkata : Eminent industrialist and former Rajya Sabha member Krishna Kumar Birla died at his Birla Park residence here Saturday after a brief illness. He was 90.
Birla is survived by three daughters - Nandini Nopany, Saroj Poddar and vice chairperson and editorial adviser of Hindustan Times Shobhana Bhartia.
His wife Manorama Devi Birla had died about a month ago.
A spokesman said that Birla, "the chairman of the Hindustan Times, and the Rs.10,000 crore Zuari-Chambal Group passed away at about 7.30 a.m".
Rajasthan hosts global stone forum
By IANS
Jaipur : The Centre for Development of Stones (CDOS) and the Rajasthan State Industrial Development and Investment Corp (RIICO) hosted the second edition of Global Stone Technology and Business Forum here Thursday.
This was part of a series of initiatives taken by the state government to build the brand equity of Rajasthan's stone globally. The forum was jointly organised by the CDOS, RIICO and the Federation of Indian Chambers of Commerce and Industry (Ficci).
LIC launches health insurance scheme
By IANS
Mumbai : State-owned insurer Life Insurance Corp of India (LIC) Monday jumped onto the health insurance bandwagon by introducing its first long-term health insurance product.
Inaugurating the scheme called LIC's Health Plus here, LIC's western region zonal manager R.R. Rai said: "Under this plan, health insurance will cover the entire family - husband, wife and children, hospital cash benefits, and major surgical benefits."
Rai said that LIC intends to target at least one million policy buyers across the country during the first phase of the launch.
Kerala expects Rs.2 bn liquor sales during Onam season
By IANS,
Thiruvananthapuram : Liquor shops in Kerala are well-stocked for the ongoing Onam season and alcohol sales are expected to touch Rs.2 billion (Rs.200 crore) during the 10-day festival.
The Kerala State Beverages Corporation (KSBC), the sole wholesalers of Indian Made Foreign Liquor (IMFL) and beer in the state, said there has already been an increase in liquor sales since Sunday.
Lok Sabha passes all four GST Bills
New Delhi, (IANS): India moved a step closer to becoming a unified market in line with the federalist vision of the architects of its...
Reliance Energy buys back 650,000 shares
By IANS
Mumbai : The Anil Ambani promoted Reliance Energy has bought back 650,000 equity shares of the company since the start of the offer Tuesday at nearly Rs.1,279.23 a share aggregating Rs.831.5 million ($21 million).
The company's board had approved buy-back of equity shares up to Rs.8 billion ($200 million), amounting to 10 percent of the company`s equity and free reserves.
The remaining Rs.12 billion was intended for sale in the second phase, subject to necessary approvals by the shareholders. JM Financial Consultants is the manager to the buyback offer.
Punjab, Tata Motors to set up driving school
By IANS
New Delhi : The Punjab government and Tata Motors will set up a driving training institute in Muktsar at a cost of Rs.125 million that will help youngsters secure jobs as skilled drivers.
A memorandum of understanding (MoU) was signed in the national capital Tuesday in the presence of Punjab Chief Minister Parkash Singh Badal and Tata Motors managing director Ravi Kant.
According to the MoU, the state government will spend Rs.100 million while the firm will contribute the remaining amount.
Islamic Social Finance Report 2015 released
By Mohammed Obaidullah
The 2015 issue of the Islamic Social Finance Report has just been launched at an International Workshop on Zakat Management organized by...
Golden Temple in Punjab gets value added tax exemption
By IANS,
Chandigarh : The holiest of Sikh shrines 'Harmandar Sahib' (Golden Temple) in Amritsar has been given value added tax (VAT) exemption by the Punjab government Wednesday.
At its meeting here Wednesday, the Punjab cabinet decided to exempt VAT on all raw materials and consumables procured by or sold to the Sikh shrine.
The state government also lowered the VAT rate for energy efficient Compact Flourescent Lamps (CFLs) from 12.5 to 4 percent to encourage people to buy these.
Jayant Bhuyan, chief executive of India Brand Equity Foundation, dead
By IANS,
New Delhi : Jayant Bhuyan, the chief executive of the India Brand Equity Foundation (IBEF), died here Monday. He was 58 and is survived by his wife Ramola.
An alumnus of St. Stephens College in Delhi University, Bhuyan died following a cardiac surgery in the capital, said a statement issued by the Confederation of Indian Industry (CII), of which he was deputy director general.
The IBEF, which he joined in 2006, is a trust under a joint initiative of the commerce ministry and the CII to promote brand India overseas.
World Financial Crisis: Lesson form Islamic Economics
By M. Fahim Khan,
No doubt, riba (interest, usuary) and maysir (gambling, speculative activities similar to gambling) are the major factors leading to the current financial crisis. Islam's prohibition of Riba and Maysir along with Islamic values and morals, and recognizing others' interest in one's economic fortunes, if adhered to, could not have lead the world to the present day financial crisis. Keeping individuals and Society free form financial and economic crises can clearly be seen as one of the objectives of such institutions.
Rare icons on sale at India’s first gemstone art auction
By IANS,
New Delhi : India's love affair with gemstone carvings dates back nearly 5,000 years ago when Alexander the Great invaded the country. They flourished during the reign of the Mughals, though never finding a place in the genre of conventional Indian art - but they will now be available to aficionados.
Jaipur-based Ma Passion, a house of gemstone crafts, is giving this ancient Indian tradition the legitimacy of contemporary Indian miniature art with the country's first-ever auction of gemstone sculptures in Mumbai Oct 22.
Neyveli Lignite Corp to outsource mining
By Venkatachari Jagannathan, IANS,
Chennai : Integrated mining and power company Neyveli Lignite Corp Ltd (NLC) is expected to save around Rs.3 billion by outsourcing lignite mining at its Barsingsar open cast mine in Rajasthan.
NLC plans to mine 2.1 million tonnes of lignite annually at Barsingsar, where it is also setting up a 250-MW power project.
"The initial capital expenditure estimate for the mine was Rs.5.51 billion. When the decision to outsource the mining activity was taken, this came down to Rs.2.54 billion," B. Surender Mohan, NLC's director (Mines), told IANS.
Brakes India to expand Oman foundry facility
By IANS,
Chennai : Brakes India Ltd, a leading manufacturer of braking systems and ductile castings, will invest $16 million to expand the production capacity of its foundry facility in Oman, a top official said.
"We intend to double the capacity to 36,000 tonnes per annum (tpa) at an outlay of $16 million to be funded with a mix of debt and internal accruals," Brakes India executive director V. Narasimhan told IANS.
According to him, the expansion is warranted as the plant that started commercial production this April is already working at 70 percent capacity.
Chennai arrest report ‘inaccurate’: QuestNet India says
By IANS,
Kuala Lumpur : The Quest India Group of Companies has termed as 'inaccurate' reports from Chennai about the arrest of one of its woman employee and seizure of goods.
A lawyer for the firm said the group would fully cooperate with the authorities in resolving any issues, The Star newspaper said Wednesday.
Muhammad Shafee Abdullah, whose legal firm is acting on behalf of QI Group of Companies, issued a statement here Tuesday saying the products seized from QuestNet India's office in Chennai were for distribution.
Indian Muslim chambers of commerce floats AP unit
By Mohammed Siddique, TwoCircles.net,
Hyderabad : Soon the Muslim industrialist, entrepreneurs and the traders of Andhra Pradesh will have their own organization to provide guidance and help in expanding their business and trade activities. The body to be called Andhra Pradesh Muslim Chambers and Commerce and Industry (APMCCI) is being floated by the Indian Muslims Chambers of Commerce based in Nagpur since 2007.
Ex-IAF pilot takes Indian flavours to Lithuania
By Azera Rahman, IANS,
Vilnius (Lithuania) : When he was flying aircrafts, Wing Commander Rajinder Kumar Chaudhary, a retired Indian Air Force (IAF) pilot, had probably never imagined he would someday open the first and only Indian restaurant in the heart of Lithuania and introduce the Baltic states, including Latvia and Estonia, to the world of Indian cuisine.
Sue's Indian Raja, as his restaurant is called, was however started 15 years later in 1998 - despite many challenges - and is now a roaring success among the Lithuanians in the country's capital Vilnius.
Banking services hit in Northeast
Agartala/Guwahati : Banking services were badly affected in the northeastern region of the country Wednesday as most of the major banks remained closed in...
Kalam to inaugurate ‘dream’ medical project in Hyderabad
Kalam to inaugurate 'dream' medical project in Hyderabad
Indo-Asian News Service
Hyderabad, June 28 (IANS) Weeks before relinquishing office, President A.P.J. Abdul Kalam will Friday inaugurate his dream project to develop medical devices indigenously and at affordable cost.
Almost a decade after jointly developing India's first indigenous coronary stent 'Kalam-Raju stent' with eminent cardiologist B. Somaraju here, Kalam will inaugurate Asia's first catheter manufacturing and research and development facility.
Pakistan-Malaysia Free Trade Agreement signed
By NNN-APP
Islamabad : Pakistan and Malaysia have signed a comprehensive Free Trade Agreement (FTA) recently for closer economic partnership and boosting trade between the two brotherly countries.
This agreement would apply to trade between the two countries relating to a large number of products, a CBR statement said.
Malaysian market has good potential for Pakistani exports, and can also serve as a gateway for the entire ASEAN Region.
Nutritionist fights for lifting ‘absurd ban’ on a dal
By Shyam Pandharipande, IANS
Nagpur : It was banned by the Maharashtra government more than four decades ago as it was thought to cause a kind of paralysis. But now a nutritionist is waging a lonely battle to get the ban lifted on lakhodi dal, a pulse variety, that is consumed by millions daily in the state.
HAL, BEL get Navratna status
By IANS
New Delhi : State-owned defence production majors Hindustan Aeronautics Limited (HAL) and Bharat Electronics Limited (BEL) were Friday conferred the coveted 'Navratna' status that gives them greater financial and operational autonomy to enable them graduate to the next level of excellence.
Dabur sues to defend Chyawanprash, Hajmola in Nepal
By IANS
Kathmandu : Dabur Nepal, a wholly owned subsidiary of FMCG giant Dabur India and Nepal's largest exporter, has gone to court to defend one of its most popular products, Dabur Chyawanprash, and its "digestive tablet" Hajmola.
A Punjabi fancy for fancy numbers!
By Jaideep Sarin, IANS
Chandigarh/Ludhiana : If flamboyance is understood anywhere, it surely is in Punjab. If one businessman in Ludhiana flaunted his Rs.1.55 million (Rs.15.5 lakh) worth mobile number, there are now at least 100 others who will tell you that they bought their mobile numbers for anything between Rs.100,000 and Rs.1 million.
The craze among prosperous Punjabis to own such fancy or VIP numbers is actually sending mobile companies laughing all the way to the banks.
STC offers packaged tea to Gujarat ration cardholders
By IANS
Ahmedabad : Public sector State Trading Corporation of India Ltd (STC) Monday launched its retail brand "Tohfa" tea, which would be distributed through fair-price shops run by Gujarat Civil Supplies Corp (GSCFC) in Ahmedabad, Vadodara and Rajkot cities.
The tea will be available only to ration cardholders, GSCFC said.
STC chairman and managing director Arvind Pandalai and S.K. Nanda, state principal secretary for food and civil supplies respectively, announced the launch here Monday. GSCFC managing director A.K. Rakesh was also present.
Cobra Beer acquires first brewery in India
By IANS
New Delhi : London-based Karan Bilimoria's Cobra Beer Friday said it has acquired a controlling stake of 76 percent in Bihar-based brewery Iceberg Industries, marking its first strategic acquisition in the country.
Cobra purchased the 76 percent stake for an undisclosed amount from the Katyal family-owned brewery, with Amit Katyal retaining a 24 percent share. The move is part of Cobra's ambitious global development strategy.
Bharat Petroleum to go slow on Allahabad refinery project
By IANS
New Delhi : State-owned refiner Bharat Petroleum Corp Ltd (BPCL) has decided to go slow on its Rs.62-billion ($1.6 billion) refinery project at Allahabad in Uttar Pradesh till its Bina refinery project in Madhya Pradesh is commissioned.
"BPCL has its entire attention focussed on completing the Bina refinery project and does not want to be distracted," a top company official told IANS.
Indo-Spanish venture to offer electronic manufacturing services
By IANS
Bangalore : Two Spanish firms Electronica ITEL and DigiProces have roped in two Indian serial entrepreneurs Anil Gupta and Alok Garg to set up an electronic manufacturing services (EMS) joint venture (JV), with an upfront investment of $10 million (Rs.410 million).
Tilkut cookies dearer on festival eve
By IANS
Ranchi : Rising wholesale prices of sesame seeds and jaggery (unrefined sugar) have increased prices of the mouth watering snack tilkut ahead of the Makarsankranti festival.
Tilkut is famous in northern and eastern India, particularly in Bihar, Jharkhand and Uttar Pradesh. Tilkut - cookies of sesame seeds and batter of jaggery or melted sugar - is closely associated with the Makarsankranti festival.
Baba Kalyani injured as chopper crash lands in Mysore
By IANS
Bangalore : Bharat Forge managing director Baba Kalyani and two other directors of the company suffered minor injuries Friday when their chartered helicopter crash landed at the Infosys campus helipad in Mysore, police officials said.
The Bell helicopter of Deccan Aviation took off from Bangalore around 9.25 a.m. with Kalyani and the two directors who were flying to Mysore, about 130 km from here, for a visit to the company's automotive axles plant.
Gujarat’s Samana set to become wind power hub
By IANS,
Ahmedabad : Samana in Gujarat's Rajkot district is set to become a major hub of wind power energy in the country as energy companies like China Light Power (CLP) and Tata Power have pledged to invest up to Rs.8.15 billion ($189.5 million) in different projects in the area.
CLP, through its India subsidiary CLP India, is investing close to Rs.5 billion for installing 126 wind turbines in Samana that will generate 100.8 MW power.
Tata Power has installed wind turbines in the same area for generating 50 MW power at a cost of Rs.3.15 billion.
Maharashtra to end tax on film rights transfer
By Jivraj Burman, IANS
Mumbai : The Maharashtra government will soon scrap the value-added tax (VAT) applicable when Bollywood producers temporarily transfer copyrights of their films.
Chief Minister Vilasrao Deshmukh assured film producers to relieve them of the additional tax burden when a delegation of Indian Motion Picture Producers Association (IMPPA) met him last Friday in Mumbai. Maharashtra is the only state in India which imposes VAT on this.
Haldia Petrochemicals expects Rs.10,000 crore turnover this fiscal
By IANS,
Kolkata: Haldia Petrochemicals Ltd (HPL) is expected to achieve a turnover of Rs.10,000 crore in fiscal 2011-12, a top company executive said Friday.
Mining like bread and butter to Goa economy: Taxman
By IANS,
Panaji: The ban on mining in Goa will seriously affect service tax collection in the state, a top central taxman said here Saturday.
$1.1 bn World Bank loan for eastern freight corridor
New Delhi: The government said Friday it had entered into an agreement with the World Bank for $1.1 billion loan for developing the Eastern...
Food Security Act launched in Jharkhand
Ranchi: Jharkhand Chief Minister Raghubar Das on Friday launched the Food Security Act, which aims to provide subsidised food grains to around 80 percent...
Fiserv to increase headcount in India by 2009
By IANS, New Delhi : US-based IT major Fiserv Inc. Tuesday announced its plans to increase its headcount to 5,000 in India within the next two years.
The company's wholly owned Indian subsidiary Fiserv India, which was established in 2005 as part of the company's global expansion strategy, has recruited 1,000 employees so far.
ONGC to raise stake in Cambay offshore oilfield
By IANS
New Delhi : State-owned petroleum major Oil and Natural Gas Corp Ltd (ONGC) will raise its stake in an oilfield in the Gulf of Cambay off India's northwest coast, it said in a statement.
The company will raise it stake to 55.26 percent from the current 30 percent in the CB-OS-1 block in the Gulf of Cambay.
BHEL’s Inventors of Patents Felicitated
By Pervez Bari, TwoCircles.net
Bhopal: R. K. Singh, Executive Director, BHEL, Bhopal unit felicitated the Inventors of Patents and authors of copyrights by presenting them a token incentive in a simple programme held the other day.
Mineral-based SEZ to be set up at Hargarh at a cost of over Rs....
By Pervez Bari, TwoCircles.net,
Bhopal: A mineral-based Special Economic Zone, (SEZ), would be developed at Hargarh village in Sihora Tahasil in Jabalpur district of Madhya Pradesh.
A target has been set to complete this SEZ in three years by the year 2011. The Union government has given formal approval to proposal of this SEZ recently. The SEZ would be developed by Madhya Pradesh Audyogik Vikas Kendra, Jabalpur.
Electrotherm to manufacture electric motors in China
By IANS,
Ahmedabad : Indian multi-product company city-based Electrotherm (India) Ltd plans to produce motors for electric vehicles in China after dropping plans to make induction furnaces in that country, the company said in a communication to its shareholders.
The company, which manufactures induction furnaces and other steel and foundry industry equipment, steel products and electric vehicles told shareholders that it prefers to export furnaces to China from its Indian operations instead of producing them there.
Woof! It’s a dog’s world at Kerala supermarket
By Sanu George, IANS,
Thrissur (Kerala) : Thrissur is fast becoming the "kennel capital" of Kerala, thanks to a supermarket for dogs. From NRIs to foreigners, people are flocking to it for electronic toys, toothbrushes, vaccines, shoes and more - all for the canines.
Owned by Anoj Cheeran, the supermarket is known as "Cheeran's". It has been in business for five years. But in the last two years, it has become a must visit by dog owners not only from the state but also from outside.
Agenda for India: Pharmaceutical Industry
TwoCircles.net presents “Agenda for India”. Series editor is Charu Bahri.
Challenges & Solutions
ICIF delegation discusses introduction of Islamic Banking with RBI
By Mumtaz Alam Falahi, TwoCircles.net,
New Delhi: In its continued efforts for introduction of Islamic Banking system in India, a high-level delegation of Delhi-based Indian Centre for Islamic Finance (ICIF), consisting of its General Secretary, H Abdur Raqeeb and two of its trustees Dr. Rahmatullah and Mr. KM Abdul Salam, former Manager of RBI, met Dr. K C Chakrabarty, Deputy Governor, Reserve Bank of India, at the RBI headquarters in Mumbai yesterday.
Suryan FM radio targets youth, expands operations
By Venkatachari Jagannathan, IANS,
Chennai : Through a multi-pronged approach, five-year-old Tamil radio station Suryan FM is now reaching out to youth. Suryan FM is the first radio station of Sun TV Network Ltd, which is expanding its FM radio footprint across the country - it launched nine stations last month.
V. Nelson, senior executive producer in the Chennai station, told IANS: "Today, using mobile phones to listen to FM stations has increased and we will finetune our programmes keeping this fact in mind."
Polycab seeks IFC equity investment to finance expansion
By IANS,
Ahmedabad : Gujarat-based Polycab Wires Private Ltd (Polycab) has approached the International Finance Corporation (IFC), the private lending arm of the World Bank group, to finance its expansion plan spread over the next three years.
The Polycab group comprises eight cable manufacturing companies and manufacturing plants in Halol in Vadodara district and in the union territory of Daman.
Financial sector reforms for inclusive growth
By Syed Zahid Ahmad
The High Level Committee on Financial Sector Reforms (CFSR) as constituted by the Planning Commission has received almost all public comments over their draft report and is now busy in preparation of the final report. Expectedly the CFSR may submit the final report in September 2008.
Goldman Sachs invests $50 mn in Sterling and Wilson
By IANS,
Mumbai : Leading global investment banking firm Goldman Sachs (GS) has acquired a minority stake in Sterling and Wilson Pvt. Ltd (S&W), a part of the Mumbai-based construction major Shapoorji Pallonji Group, for $50 million.
S&W is one of the leading mechanical, electrical and plumbing (MEP) contracting companies in India.
Blue Star eyes Rs.150 crore revenue from AC segment
By IANS,
Kolkata : Blue Star is eyeing Rs.150 crore revenue from its room airconditioning business in the last quarter of the current fiscal to post an annual growth of 15 percent, a senior official said here Wednesday.
"We are expecting around 15 percent revenue growth in room AC business this year. Till December (2009-10), the revenue was Rs.200 crore. But we expect to mop up another Rs.150 crore in the fourth quarter," company's Product Group Vice President P.V. Rao said at a press meet.
Real estate firm REBI to expand operations
By IANS
Hyderabad : Real Estate Bank International (REBI), a Bangalore-based end to end service provider in the real estate sector, Thursday announced plans to invest Rs.250 million next year to expand its operations in India and abroad.
BHEL Bhopal made Traction Motors to be exported to Angolan Railways
By Pervez Bari, TwoCircles.net
Bhopal : RK Singh, Executive Director, Bharat Heavy Electricals Limited, (BHEL), Bhopal unit in a simple function held at Traction Department handed over the documents of TM 3801,350HP machine to Mahesh Chand Pant, Executive Director, RDSO .
Harvard organises a roundtable on Islamic Finance in India
By TwoCircles.net News
Cambridge, Massachusetts: A roundtable on “Islamic Finance in India” was organized on April 27, 2014 at Harvard Law School at the conclusion...
GE merges healthcare units with Wipro joint venture
By IANS,
Bangalore : Medical technologies and services major GE Healthcare has integrated its business units and manufacturing plants in India with its joint venture Wipro GE Healthcare to drive growth, the company said Friday.
"The strategic move is aimed at effective management and optimal utilisation of resources to help accelerate growth in regions where demand for healthcare is growing," GE Healthcare chief executive John Dineen said in a statement released here.
The joint venture distributes about 85 percent of the $17-billion GE Healthcare's products and solutions in India.
Youth group protests against price hike, unemployment
By TCN News,
New Delhi: The Delhi State Council of All India Youth Federation today organized a protest march on Parliament Street in New Delhi against the price hike and the anti youth economic policies of the Congress-led UPA Government. The protestors burned the effigy of the UPA-2 Government and shouted slogans against price hike and the government’s economic policies.
Haryana to refund stamp duty of notified SEZs
By IANS,
Chandigarh: The Haryana assembly Tuesday made provision for the refund of stamp duty of the notified special economic zones (SEZ) in the state.
This provision was made by enacting the Haryana Special Economic Zone (Amendment) Bill, 2010, which amended Haryana Special Economic Zone (SEZ) Act, 2005.
"During the course of implementation of the Haryana SEZ Act, 2005, it was observed that there is no enabling provision for the refund of stamp duty paid by a developer while registration of land of the SEZ before its notification," said the official spokesperson of Haryana.
CIMA, Preston College sign MoU for Islamic Finance course
By TCN News,
Chennai: The Chartered Institute of Management Accountants (CIMA) today announced that it has signed a Memorandum of Understanding (MoU) with Preston International College to setup a study support centre that will offer the CIMA Certificate Courses in Islamic Finance and Business Accounting.
The CIMA Certificate in Islamic Finance is the first qualification offered by a professional accounting body to focus on the fast growing sector of Islamic finance. Preston will be the first college in India offering this four module course certified by CIMA.
Lakshmi Mittal joins Goldman Sachs’ board
By IANS,
New York : Lakshmi N. Mittal, world steel tycoon based in England, has joined the board of directors of Goldman Sachs Group Inc, one of the oldest and largest investment banking firms headquartered here.
Mittal, the chairman and chief executive of the world's largest steelmaker ArcelorMittal, joined Goldman's 12-member board Saturday as an independent director, the Wall Street firm said in a press release Sunday.
Goldman Sachs's board announced that Mittal will serve on the audit, compensation, corporate governance and nominating committees of the board.
ICICI Bank plans exclusive private equity fund for small & medium businesses
By IANS,
Kolkata : India's largest private lender ICICI Bank is planning to set up a $200 million (Rs.8 billion) private equity fund exclusively for the small and medium enterprises (SME) sector, a top company official said here Monday.
"We are planning to set up an approximately $200 million corpus private equity fund within the next five to six months exclusively for the SME sector," said Sanjiv Sherawat, head of business banking, ICICI Bank Ltd, on the sidelines of a seminar on Alternative Avenues to SME Financing organised by industry lobby Confederation of Indian Industry (CII).
Singur divided over Nano compensation package
By IANS,
Singur : The rehabilitation package announced by the West Bengal government Sunday for farmers affected by the Nano small car project here has left the local people sharply polarised.
People who had given their land for the Tata Motors' small car factory willingly and accepted the compensation cheques offered by the state government earlier are all praise for the fresh package.
Crop insurance is the life insurance scheme for farmers
By Amit Dwivedi,
Uttar Pradesh is one of the most important states of the country in terms of agricultural production. More than 85% of its population is rural based and depends on agriculture for its livelihood. Small and marginal farmers, having less than 2 acres of land are in a majority in the state.
Indian basket’s crude price drops under $90/barrel
New Delhi : The international crude oil price of the Indian basket continued falling and went below $90 a barrel on the last trading...
Northeast investment promotion event to be held in Bangkok
By IANS
New Delhi : With Thailand keen to boost economic cooperation with northeastern India, a northeast investment opportunities week will be held in Bangkok in the first week of October to showcase the investment potential of the region.
Rane group completes restructuring process
By IANS
Chennai : City-based auto component manufacturers Rane group has completed its restructuring process in the wake of the approval given by the Madras High Court for a rejig scheme.
The court sanctioned the scheme of de-merger, merger and amalgamation among the three group companies - Rane Engine Valves Ltd (REVL), Rane Brake Linings Ltd (RBLL) and Rane Holdings Ltd (RHL).
Brandhouse to bring four new global brands to India
By IANS
New Delhi : Brandhouse Retails, the retail arm of apparel firm S. Kumar's Nationwide Ltd (SKNL), which already retails international luxury brands such as Alfred Dunhill and Escada in India, is planning to launch four new international brands by April this year.
This is part of its expansion, for which the company has invested around Rs.4 billion ($100 million).