Toy imports dropped in last 3 yrs following quality control, increased custom duty: Centre
Dec 23, 2021, at 08:17 am
New Delhi/IBNS: The government has taken series of steps to promote domestic manufacturing of toys to ensure that no sub-standard, unsafe cheap toys are imported into India. Import of toys into Indian market during the last three years has shown a decreasing trend, Union minister of state for commerce and Industry told Lok Sabha in written reply on Wednesday.
Multi-pronged strategy adopted to tackle global shortage of containers: Centre
Dec 23, 2021, at 06:58 am
New Delhi/IBNS: The government has adopted a multi-pronged strategy to address the problem of shortage of containers and high freight rates, Minister of State in the Ministry of Commerce and Industry Som Parkash told Lok Sabha in a written reply today.
CCEA approves MSP for copra for 2022 season with 50 pc as profit margin
Dec 23, 2021, at 06:00 am
New Delhi/IBNS: The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Narendra Modi Wednesday approved the Minimum Support Prices (MSPs) for copra for 2022 season.
Dec 23, 2021, at 05:29 am
New Delhi/IBNS: The Union Cabinet, chaired by the Prime Minister Narendra Modi, Thursday approved the signing of Memorandum of Understanding (MoU) between the Institute of Chartered Accountants of India(ICAI) and the Polish Chamber of Statutory Auditors (PIBR) to establish mutual co-operation in the areas of Member Management, Professional Ethics, Technical Research, CPD, Professional Accountancy Training, Audit Quality Monitoring, Advancement of Accounting Knowledge, Professional and Intellectual Development.
Dec 23, 2021, at 04:50 am
New Delhi/IBNS: The Union Cabinet chaired by the Prime Minister Narendra Modi on Wednesday approved the signing of Memorandum of Understanding (MoU) between Competition Commission of India (CCI) and Competition Commission of Mauritius (CCM) for promotion and strengthening of co-operation in competition law and policy.
India’s commitment at COP 26 achievable with support of all stakeholders
Dec 23, 2021, at 04:08 am
Kolkata/IBNS: India has achieved not only the 40% of stalled capacity in non-fossil fuel committed in COP-22 but also completed rural electrification and all household electrification in record time, according to Ghanshyam Prasad, Joint Secretary of Ministry of Power.
Rajasthan Investment Summit 2022: State govt officials in Kolkata to lure Bengal-based investors
Dec 23, 2021, at 02:52 am
Kolkata/IBNS: The Rajasthan government officials today urged West Bengal-based corporates and entrepreneurs to invest in various sectors in the desert state and participate in the Investment Summit 2022 happening on 24-25 January 2022 in Jaipur.
Snapdeal appoints retail veteran Himanshu Chakrawarti as President
Dec 22, 2021, at 08:57 pm
Mumbai: Snapdeal Limited, India’s leading value e-commerce platform, on Tuesday announced the appointment of Himanshu Chakrawarti as President of the company.
Tax Planning: Top 7 Ways to Save Tax Legally in India
Dec 22, 2021, at 05:44 pm
Shyam: Rohan, I feel there is no need to work for these long hours.
Sony Pictures-Zee Entertainment sign definitive agreements to merge
Dec 22, 2021, at 03:58 pm
Mumbai/UNI: Sony Pictures Networks India Private Limited (SPNI) and Zee Entertainment Enterprises Ltd. (ZEEL) on Wednesday signed definitive agreements to merge ZEEL with and into SPNI and combine their linear networks, digital assets, production operations and program libraries.
Indian Captive Power Producers call for restoration of normal coal supplies
Dec 22, 2021, at 01:39 am
New Delhi/UNI: The Indian Captive Power Producers' Association (ICPPA) sought the government's intervention to ensure normal coal supplies to captive power producers (CPPs) who are bearing the impact of the coal crisis.
Centre opens bids for 8 blocks to accelerate hydrocarbon exploration under 7th round of OALP
Dec 22, 2021, at 01:23 am
New Delhi/IBNS: To accelerate India's hydrocarbons exploration, Centre has launched the seventh round of bids for the Open Acreage Licensing Programme (OALP).
Indian Market: Sensex regains 497 pts
Dec 22, 2021, at 12:24 am
Mumbai: UNI: The BSE Sensex on Tuesday bounced back 497 pts to close at 56,319.91 on the strength of Metal, Materials, Consumer Durable and Telecom stocks.
10 Reasons Why is Technology Important in Business and Entertainment
Dec 22, 2021, at 12:15 am
The world of business is constantly changing, and with the advances in technology, there is no doubt that each company needs to adapt to modern times to succeed. In addition, entertainment combined with technology brings a new essence to companies, raising morale for employers and employees.
Income Tax Department conducts searches in West Bengal
Dec 21, 2021, at 08:45 pm
Kolkata: The Income Tax Department carried out search and seizure operation on 16.12.2021 on two prominent Asansol based groups, engaged in business of iron and steel products, infrastructure, cement, poly fabs, agro-tech & food processing, among others.
Indian Market: Sensex slumps 1189.73 pts
Dec 20, 2021, at 11:38 pm
Mumbai/UNI: The BSE Sensex on Monday slipped further by 1189.73 points to settle below 56,000 at 55,822.01 following outbreak of Omicron variant that threatened to derail global economic recovery amid heavy selling across the board.
Pawan Hans sale: Govt receives financial bids
Dec 19, 2021, at 10:54 am
New Delhi: The government has received an undisclosed number of financial bids for sale of its stake in ailing helicopter operator Pawan Hans.
Food Processing sector's GDP contribution grew at AAGP of 11 pc
Dec 19, 2021, at 07:27 am
New Delhi/IBNS: The Gross Value Added (GVA) in Food Processing Industries (FPI) sector has been growing at an Average Annual Growth Rate (AAGR) of around 11.18 per cent in the last five years ending 2019-20, according to Ministry of Food Processing Industries.
Delhi Customs recovers diamonds worth Rs 1.56 cr
Dec 19, 2021, at 05:58 am
New Delhi/IBNS: The Delhi Customs has seized a consignment of diamonds of 1,082 carat weight valued at Rs. 1.56 crore being smuggled overseas, the Ministry of Finance said.
Sagarmala Project: 119 projects worth over Rs 1 lakh cr identified in Andhra Pradesh
Dec 19, 2021, at 05:35 am
New Delhi/IBNS: About 119 projects worth more than Rs 1 lakh crore have been identified under the Sagarmala Programme in the state of Andhra Pradesh, Union Minister Sarbananda Sonowal has said in a statement to Parliament.
Viability of country's inland waterways being ensured implementing various projects: Sonowal
Dec 19, 2021, at 04:29 am
New Delhi/IBNS: The viability of inland water transport is being ensured by undertaking various projects, Minister for Ports, Shipping and Waterways Sarbananda Sonowal has informed the Parliament.
Kolkata based Techno Valves celebrates 50th anniversary with Imtiaz Ali
Dec 19, 2021, at 03:37 am
Kolkata/IBNS: Techno Valves, a manufacturer of high pressure gas cylinder valves, commemorated its golden jubilee anniversary with the launch of a 'Coffee Table Book' by film director Imtiaz Ali alongside the top brass of the company.
UK's Cairn Energy drops litigation against GoI, Air India in US
Dec 19, 2021, at 03:21 am
Washington D.C/IBNS: Cairn Energy renamed Capricorn Energy has entered into a scheme with the Indian government seeking a refund in taxes and to conclude the multi-billion dollar dispute between both parties.
Why Buy Aditya Birla Sun Life Insurance for Term Plans?
Dec 19, 2021, at 02:48 am
Introduction In 2020, the total size of the insurance market in India was estimated to be US$ 280 billion. The life insurance business in India is expected to develop at a CAGR of 5.3 percent between 2019 and 2023. In FY21, the insurance prevalence in India was 4.2 percent, with life insurance accounting for 3.2 percent and non-life insurance accounting for 1 percent. In terms of insurance population, India had a total concentration of US$78 in FY21. In general and health insurance, the private sector's market share increased from 47.97 percent in FY19 to 48.03 percent in FY20. In the life insurance sector, private companies had 33.78 percent of the market.
IFSCA sets up committee for creating a Framework for transfer of stressed loans
Dec 18, 2021, at 05:34 pm
New Delhi/IBNS: International Financial Services Centres Authority (IFSCA) has set up a committee to examine and recommend measures to create a framework for transfer of stressed loans from domestic lenders to permitted financial institutions in IFSC.
RBI board discusses Central Bank Digital Currency, private cryptocurrencies in meeting
Dec 18, 2021, at 07:34 am
Mumbai/IBNS: The central board of the Reserve Bank of India (RBI) Friday discussed the issues related to Central Bank Digital Currency (CBDC) and private cryptocurrencies, the RBI said in a press release.
Jet Airways revival: Jalan Kalrock Consortium approaches NCLT to expedite capital infusion
Dec 18, 2021, at 05:02 am
New Delhi/IBNS: The Jalan Kalrock Consortium has approached the National Company Law Tribunal (NCLT) to expedite the implementation of the Approved Resolution Plan by infusing capital as the new owners of Jet Airways want to start paying the dues of all stakeholders.
CCI cancels Amazon-Future deal
Dec 18, 2021, at 03:39 am
New Delhi/IBNS: Amazon suffered a setback Friday as the Competition Commission of India (CCI) suspended its deal with Future Group after reviewing complaints that US-based e-commerce giant concealed information while seeking regulatory approval, media reports said.
IPO-bound Ola raises USD 500 mln loan
Dec 18, 2021, at 03:21 am
Bangalore/IBNS: India's ride hailing company Ola secured a USD 500 million loan from international institutional investors to proliferate mobility across ride hailing, vehicle commerce, delivery with foods, quick commerce and financial services sectors.
Jammu and Kashmir: Srinagar-based start-up FastBeetle raises $100,000 from investors
Dec 18, 2021, at 02:18 am
Srinagar: FastBeetle Logistics, a Srinagar-based tech start-up has raised $100,000 funding from investors.