Vinod Rai named chair of Banks Board Bureau
New Delhi, Feb 28 (IANS) Former comptroller and auditor general Vinod Rai has been named the first chairman of the Banks Board Bureau that will give advice on how to recover the bad loans of…
Business
Bangladeshi PM inaugurates economic zones activities
Dhaka, Feb 28 (IANS) Bangladeshi Prime Minister Sheikh Hasina on Sunday inaugurated the development activities of 10 more economic zones in the country. In Dhaka’s Bangabandhu International Conference Centre (BICC), also known as Bangladesh China…
UltraTech Cement buys JP group plants for Rs.16,500 crore
Mumbai, Feb 28 (IANS) Aditya Birla-led UltraTech Cement on Sunday announced acquisition of Jaiprakash Associates Ltd’s cement plants, with total capacity of 22.4 million tons per annum (mtpa), for Rs.16,500 crore (about $2.5 billion). “UltraTech…
Budget 2016-17 on Monday amid worries over growth, reform
New Delhi, Feb 28 (IANS) Finance Minister Arun Jaitley is set to present India’s national budget for the next fiscal on Monday amid worries about the country’s stagnating growth rate, government finances and direction of…
My dream is to see farmers double their income by 2022: PM
Bareilly, Feb 28 (IANS) Prime Minister Narendra Modi on Sunday said he dreams of seeing farmers’ income getting doubled by 2022 when the country completes 75 years of its independence. Addressing a big gathering of…
Chile completes reconstruction 6 years after quake
Santiago, Feb 28 (IANS) Six years after a devastating earthquake shook Chile on February 27, 2010 and claimed over 500 lives, the Chilean government is close to completing reconstruction of infrastructure essential for restoring public…
Dubai-based firm begins coastal shipping service from Kochi
Kochi, Feb 28 (IANS) Sima Marine India Pvt. Ltd., a subsidiary of Dubai-based Simatech Shipping, launched coastal container shipping service from Kochi connecting Mangalore in Karnataka, Goa and Mundra in Gujarat. Simatech Shipping is one…
Haryana NRIs in Canada fear reservation violence will deter investment in state
Rohtak: People from Jat community stage a demonstration to press for Special Backward Class (SBC) status in Rohtak on Feb 20, 2016. (Photo: IANS) By Grmukh Singh Toronto, Feb 28 (IANS) Pained by the large-scale…
Why Make in India is stumbling over our labour laws
By Abhik Ghosh What’s the one assurance investors want before setting up manufacturing base in India? The ease of making workforce adjustments in line with changing market conditions. In this area, Indian labour laws are…
China to raise retirement age
Beijing, Feb 28 (IANS) China will set a plan to raise the statutory retirement age in 2017 to relieve pressures from an aging population, a media report said on Sunday. “The plan is likely to…
Myanmar triples electricity supply expenditure
Nay Pyi Taw, Feb 28 (IANS) Myanmar has tripled its expenditure on electricity supply over the past five years, an official report said on Sunday. In the fiscal year 2015-16 until March, the government invested…
Nigeria not to devalue currency: Vice President
Lagos, Feb 28 (IANS) Nigeria’s currency will not be devalued despite pressures, Vice President Yomi Osinbajo said. Speaking at a town hall meeting here on Saturday, Osinbajo insisted that devaluation was not on the table,…
New cargo train service links China, Russia
Beijing, Feb 28 (IANS) A cargo train carrying Chinese-made goods left China’s Harbin city for Russia, marking the opening of a new freight route between the two countries. The new route links Harbin, capital of…
Only India has 5/20 aviation norm: AirAsia chief
New Delhi, Feb 27 (IANS) AirAsia chief Tony Fernandes on Saturday said India is the only country in the world with a 5/20 kind of aviation norm in the world and that Indian people should…
FTV launches flagship salon in India
New Delhi, Feb 27 (IANS) International fashion and lifestyle broadcasting television channel FTV has ventured into beauty and wellness segment with the launch of its flagship salon titled F Salon here on Saturday. The 2,000…
Bengal assembly passes bills to takeover Dunlop, Jessop
Kolkata, Feb 27 (IANS) The West Bengal assembly on Saturday passed two bills to take over management control of ailing industrial units Dunlop and Jessop, both run by the Pawan Ruia Group. State Industries and…
Over 900 companies to participate in DefExpo 2016
Panaji, Feb 27 (IANS) Over 900 defence-related companies are expected to participate in the DefExpo 2016, Defence Minister Manohar Parrikar said on Saturday, adding that a final decision on shifting the international B2B event permanently…
Aries Group plans mobile phone unit in Telangana
Hyderabad, Feb 27 (IANS) UAE-based Aries group of companies is keen to set up a mobiles, tablets and television manufacturing unit in Telangana with an initial investment of $125 million, an official statement said on…
Rajasthan signs MOUs worth over Rs.11,000 crore
Jaipur, Feb 27 (IANS) The Rajasthan government on Saturday signed 51 MOUs with the private sector for projects worth over Rs.11,500 crore, an official statement said. These MoUs, which were signed in the presence of…
Odisha to spend Rs.869 crore for benefit of mineral-bearing districts
Bhubaneswar, Feb 27 (IANS) The Odisha government will spend Rs.869 crore for socio-economic development of the people in eight mineral bearing districts of the state, an official said on Saturday. The meeting of the Odisha…