With licence quota raj prevailing during the 70 years of Congress regime, the policy change brought in by the central government under Prime Minister Narendra Modi has created new opportunities for the private sector by allowing them to manufacture products that were normally made by public sector units (PSUs), Union Finance Minister Nirmala Sitharaman said [...]
Depletion of foreign reserves and delay in the resumption of the International Monetary Fund programme affected the Pakistan stock exchange on Monday as it shed nearly 1500 points in intraday trading. The Pakistani currency also lost out against the US dollar which gained flight to sell at 188.05 in the interbank market. Since the cash-strapped [...]
Union Minister Nitin Gadkari on Monday said he was amazed at the response of an IAS officer who attributed the collapse of a portion of an under-construction road bridge in Sultanganj to 'strong winds'. A section of an under-construction road bridge over the Ganga at Sultanganj in Bihar collapsed during a thunderstorm on April 29. [...]
Sri Lankan Airlines on Monday urged passengers to produce their air ticket and passport at checkpoints to reach Bandaranaike International Airport (BIA) after authorities imposed nationwide curfew and deployed the Army in Colombo following clashes between pro- and anti-government protesters amidst the political turmoil in the island nation. "In view of the prevailing situation in [...]
ALCOR CB M&A closes a JV transaction between European Company Autometal and Dewas Hydoquip India to bring in the “State of the Art” Technology for Emission Control Systems to India and Asian Markets. Autometal, a European company is bringing in the latest technology for emission control by partnering with an Indian company Dewas Hydroquip from [...]
The government has called a meeting of cab aggregators like Ola and Uber on Tuesday to discuss their policies related to fare calculation, surge pricing, ride cancellations and measures taken by them for data protection of customers, Consumer Affairs Secretary Rohit Kumar Singh said on Monday. The meeting has been called amid rise in consumer [...]
Equity benchmarks began the week on a downbeat note on Monday, weighed by heavy selling in market heavyweight Reliance Industries and persisting weakness in global bourses. The rupee plunged to its lifetime low against the US dollar amid unabated foreign fund outflows, underscoring the risk-off sentiment prevailing globally as central banks embark on policy tightening [...]
China on Monday expressed hope that India will provide a "fair, just and non-discriminatory environment" to its companies as it reacted guardedly to reports of top executives of Chinese smartphone maker Xiaomi faced a probe by the Enforcement Directorate regarding its remittances abroad. “China is closely following the situation,” Chinese Foreign Ministry spokesman Zhao Lijian [...]
Food and consumer affairs minister Piyush Goyal on Monday stressed on simplification and decriminalisation of offences under the Legal Metrology Act, 2009 for ease of doing business and asked states to come to a consensus on this issue so that a draft could be put in public domain for feedbacks from all stakeholders. He mentioned [...]
India has initiated an anti-dumping probe against imports of a certain type of optical fibre from China, Indonesia and South Korea following a complaint by a domestic player. The duty is aimed at protecting domestic industry from cheap imports. The commerce ministry's investigation arm Directorate General of Trade Remedies (DGTR) is probing the alleged dumping [...]
