BUSINESS AWAAZ

PM reviews problem of sugar sector

AMN / Prime Minister Narendra Modi has called for more efforts to increase ethanol blending for the benefit of sugar sector. Chairing a high level meeting to review issues related to the sector in New Delhi today, Mr. Modi also called for exploring all possibilities for export of sugar. He emphasized that the farmers’ interest … Continue reading PM reviews problem of sugar sector

Rs 50,000 crore earmarked to develop 100 smart cities: Govt

TIA Correspondent / Development Minister M. Venkaiah Naidu has said that Rs 50,000 crore have been earmarked by the government to develop 100 smart cities in the country. He was speaking at an international seminar in New Delhi today. Mr Naidu said, under the Smart Cities Mission, each selected city would get central assistance of … Continue reading Rs 50,000 crore earmarked to develop 100 smart cities: Govt

Petrol price reduced by Rs 2.43/litre; diesel by Rs 3.60

NEW DELHI: Petrol and diesel prices were revised on Friday. Petrol prices have been reduced by Rs 2.43 per litre while diesel by Rs 3.60 per litre… Petrol in Delhi will now cost Rs 64.47 per litre from Saturday instead of Rs 66.90 at present, while a litre of diesel will cost Rs 46.12 as … Continue reading Petrol price reduced by Rs 2.43/litre; diesel by Rs 3.60

Govt clears seven FDI proposals worth Rs 981.15 cr

Government has cleared seven foreign direct investment proposals. The proposals worth 981.15 crore rupees have been cleared by the Finance Ministry following recommendations by the Foreign Investment Promotion Board, FIPB. Hathway Cable and Data Com Ltd have got approval for increasing foreign investment limit for Foreign Institutional Investors, FIIs and Foreign Portfolio Investors, FPIs, among … Continue reading Govt clears seven FDI proposals worth Rs 981.15 cr

SEBI proposes joint task force to check illicit money pooling

Securities and Exchange Board of India, SEBI has proposed a joint task force of financial regulators and intelligence agencies to check illicit money pooling of small unlisted companies and bring them under regulatory ambit. Under the existing regulations, any fund-raising worth Rs 100 crore or more from the public through any unregistered scheme, is deemed … Continue reading SEBI proposes joint task force to check illicit money pooling

RBI to issue Rs 10 coins to mark International Yoga Day

AMN Reserve Bank will soon issue 10 rupee denomination coins to commemorate International Yoga Day. A release issued by RBI said that the obverse side of the coins will bear Lion Capital of Ashoka Pillar in the centre with legend Satyameva Jayate inscribed below, flanked on the left periphery with the word Bharat in Devnagri … Continue reading RBI to issue Rs 10 coins to mark International Yoga Day

3,785 women directors in country’s listed companies: Govt

AMN / Minister of state for Finance Jayant Sinha today said there are 3,785 women directors in listed companies of the country as on July 27th. Replying to supplementaries in the Lok Sabha, Mr Sinha said the government has not issued any directive to Securities and Exchange Board of India to ensure appointment of women … Continue reading 3,785 women directors in country’s listed companies: Govt

CCI imposes Rs 20 lakh penalty on 3 Karnataka-based associations

AMN / Fair trade regulator, Competition Commission of India has imposed a total penalty of over Rs 20 lakh on Karnataka Film Chamber of Commerce, Karnataka Television Association and Kannada Film Producers Association for indulging in anti-competitive practices. They have also been directed to cease and desist from unfair business practices. The case pertained to … Continue reading CCI imposes Rs 20 lakh penalty on 3 Karnataka-based associations

CCI imposes penalty on Hyundai, Reva, Premier for violating Law

TIA Correspondent Three Car Companies, Hyundai Motor India Ltd. (Hyundai), Mahindra Reva Electric Car Company (P) Ltd. (Reva) and Premier Ltd. (Premier) have been found flouting of the provisions of the Competition Act, 2002 (‘the Act’) according to the Competition Commission of India order on July 27. The instant order is in continuation of Commission’s … Continue reading CCI imposes penalty on Hyundai, Reva, Premier for violating Law

Auction for Sale (Re-Issue) of Government Stocks

Government of India have announced the Sale (re-issue) of (i) “7.68 per cent Government Stock 2023” for a notified amount of ` 2,000 crore (nominal) through price based auction, (ii)“7.72 per cent Government Stock 2025” for a notified amount of ` 6,000 crore (nominal) through price based auction, (iii) “8.24 per cent Government Stock 2033” … Continue reading Auction for Sale (Re-Issue) of Government Stocks

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SPORTS

Ghosh-Sathiyan set up clash with top seeds in final of Bulgaria Open

The Indian pair of Soumyajit Ghosh and G Sathiyan has entered the men's doubles final of the Seamaster 2017 IT ...

Sports Ministry drops para-sports coach Satyanarayana from Dronacharya awardees list

The Sports Ministry has dropped para-sports coach Satyanarayana from the list of this year's Dronacharya award ...

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OPEN HOUSE

Mallya case: India gives fresh set of documents to UK

AMN India has given a fresh set of papers to the UK in the extradition case of businessman Vijay Mallya. Ex ...