Alibaba may invest $5 bn in JV with Reliance Retail; Report
JACK MA OF ALIBABA WEB DESK China’s Alibaba Group is willing to acquire a large stake in Reliance Retail at an investment of $5 billion to challenge the dominance of…
Airlines asked to mount additional flights to Kerala, cap maximum fares
WEB DESK Civil Aviation Minister Suresh Prabhu has said scheduled domestic airlines have mounted additional flights to and from Trivandrum, Calicut and Coimbatore airports to minimize passenger inconvenience. In a…
India has comfortable forex reserves to deal with any undue volatility in currency: Jaitley
AMN Union Minister Arun Jaitley has said that India has comfortable foreign exchange reserves to deal with any undue volatility in the currency market. Mr Jaitley’s reaction came, a day…
Export Councils Should Work for Promotion of GI Products: Prabhu
GI certification is given to products that have a specific geographical origin and possess qualities or a reputation that are due to that origin… Our Correspondent / New Delhi Union…
Govt dismisses former MD of scam-hit PNB, Allahabad bank
AMN / NEW DELHI The government has dismissed Usha Ananthasubramanian, former managing director of scam-hit Punjab National Bank and Allahabad Bank, from service. The government has issued a notification in…
All-time low: Rupee at 70 a dollar now
WEB DESK The Indian rupee hit all time low at 70-per dollar mark. It is said to be due to Turkey-led rout in emerging-market currencies intensified losses. The rupee slipped…
Retail inflation falls to 4.17 per cent in July
India’s Retail inflation has come down to 4.17 per cent in July, from 4.92 per cent in June. According to the data released by the ministry of program implementation and…
Bhushan Steel’s former MD Neeraj Singhal arrested in Rs 2000 cr fraud case
WEB DESK The Serious Fraud Investigation Office (SFIO) Thursday arrested Neeraj Singhal, the erstwhile Promoter and Vice-Chairman of Bhushan Steel for allegedly siphoning over Rs 2000 crore from bank loans…
Centre approves release of pulses to States at discounted rate
Extends PMGSY beyond 12th five-year plan Our Correspondent / New Delhi The Cabinet Committee on Economic Affairs has approved the release of pulses to States and Union territories at a…
Lok Sabha clears amendments to CGST, IGST, GST compensation bills
AMN / NEW DELHI Lok SabhaThe Lok Sabha has passed the Central Goods and Services Tax (Amendment) Bill, Integrated Goods and Services Tax (Amendment) Bill, Union Territory Goods and Services…