New Delhi, Mar 22 (PTI) As a Parliamentary panel examines proposed changes to a law governing chartered accountants, ICAI President Debashis Mitra on Tuesday pitched for maintaining the "status quo" on the constitution of the institute's disciplinary committee and asserted that the current system is working well.The corporate affairs ministry has introduced a bill in [...]
New Delhi, Mar 22 (PTI) The coal ministry on Tuesday said it may approach the Ministry of Environment, Forest and Climate Change for certain relaxation in norms so that overall production of fossil fuel can be further increased. While addressing a function to mark the foundation stone laying of four projects of Coal India-arm Northern [...]
Beijing/Nanning, Mar 22 (PTI) Over a day after a passenger aircraft with 132 people on board crashed in a mountainous area in south China, a Chinese official said on Tuesday that no survivors have been found, official media here reported. No survivors have been found so far in Monday's plane crash, said Sun Shiying, chairman [...]
New Delhi, Mar 22 (PTI) Acknowledging that "perception is a big challenge" for the institute, ICAI President Debashis Mitra on Tuesday said it has taken disciplinary action against erring members and asserted that everyone should not be painted with the same brush. His remarks come against the backdrop of instances of some chartered accountants coming [...]
New Delhi, Mar 22 (PTI) A parliamentary panel has suggested that greater transparency should be ensured in the auction of mineral concessions with pre-embedded clearances to give a fillip to the auction process and to achieve optimal utilisation of India's mineral resources for rapid industrial growth and socio-economic development of the country. The Standing Committee [...]
New Delhi, Mar 22 (PTI) Tata Coffee on Tuesday said its board has approved the re-appointment of Chacko Purackal Thomas as Managing Director and Chief Executive Officer for a term of three years starting from April 1. Thomas is the managing director and chief executive officer of the company since April 1, 2019. He has [...]
New Delhi, Mar 22 (PTI) A parliamentary panel has appreciated the government's efforts to cut the food subsidy bill but said it is still "very high" and there is scope for further reduction. The Standing Committee on Food, Consumer Affairs and Public Distribution tabled a report in the Lok Sabha on Tuesday. "The Committee note that [...]
Mumbai, Mar 22 (PTI) Electric two-wheeler manufacturer iVOOMi Energy on Tuesday launched two new 'Made-in-India' e-scooter models, S1 and Jeet, at a price starting at Rs 84,999, in the Indian market. The Maharashtra-based company, which designs and manufacturers lithium-ion battery packs in-house, currently has over 50 dealerships across western and southern India, and plans to [...]
New Delhi, Mar 22 (PTI) Indiabulls Housing Finance on Tuesday said a board-appointed committee has approved a proposal to raise capital up to Rs 50,000 crore through bonds.As per the existing shareholders' enabling authorisation, valid up to July 28, 2022, the company can raise funds up to Rs 50,000 crore through issuance of secured or [...]
New Delhi, Mar 22 (PTI) Cautioning the government against "any early euphoria" with regards to reduction in NPA in the banking sector, a Parliamentary panel on Tuesday said that the bad loans may go up due to some lag impact of the Covid pandemic. The Standing Committee on Finance in its report tabled in Parliament [...]
New Delhi, Mar 22 (PTI) A Parliamentary panel has flagged a 73.53 per cent shortfall in utilisation of budgeted allocation for capacity development of Ministry of Statistics and Programme Implementation for the current fiscal. It has also highlighted long time-lag in release of periodic labour force survey (PLFS) report and delay in unveiling the 7th [...]
New Delhi, Mar 22 (PTI) The Central Consumer Protection Authority (CCPA) has ordered discontinuation of certain misleading advertisements of Sensodyne toothpaste within seven days and imposed a penalty of Rs 10 lakh on the manufacturer. An official release on Tuesday stated that advertisements of Sensodyne products which make the claims 'Recommended by dentists worldwide' and [...]
Mumbai, Mar 22 (PTI) In spite of a massive jump in the number of the uber rich and rich becoming richer, their contributions to charity continued to decline during the COVID-19 pandemic when a whopping 200 million-plus were forced into poverty, says a report. While CSR (corporate social responsibility) spends have increased from 12 per [...]
New Delhi, Mar 22 (PTI) Adani Power on Tuesday said it has collaborated with IHI Corporation and Kowa Company to study ammonia co-firing for environmentally sustainable power generation. "Adani Power Ltd (APL), IHI Corporation, and Kowa Company, Ltd (Kowa), have signed a Memorandum of Understanding (MoU) to study the feasibility on a modification to achieve [...]
Over a day after a passenger aircraft with 132 people on board crashed in south China, a Chinese official announced on Tuesday that no survivors have been found, official media here reported. No survivors have been found in the China plane crash, state-run Xinhua news agency quoted a Chinese official in a brief report. The [...]
Petrol and diesel prices were on Tuesday hiked by 80 paise a litre each while domestic cooking gas LPG rates were increased by Rs 50 per cylinder as state oil firms ended an over four-and-a-half month election-related hiatus in rate revision. Petrol in Delhi will now cost Rs 96.21 per litre as against Rs 95.41 [...]
IT company Infosys will acquire oddity -- a Germany-based digital marketing, experience, and commerce agency -- in an all cash deal for 50 million euros (about Rs 419 crore), the company said on Tuesday. As part of Infosys' digital experience and design offering, oddity will become part of Wongdoody and join its network of studios [...]
New Delhi, Mar 22 (PTI) A Parliamentary panel has asked DIPAM to publish an annual report on how it has managed public assets, highlighting "whether it is creating value or whether it has eroded value" of public sector enterprises. The Standing Committee on Finance, chaired by BJP member Jayant Sinha, in its report desired that [...]
The CBI has arrested an Assistant Superintendent of Chennai Port Trust (CPT) in connection with an ongoing investigation in Rs 45-crore bank fraud case, according to an official statement issued on Tuesday. The probe agency had registered a case on July 31, 2020 on a complaint from Indian Bank, Chennai against two private persons; Branch [...]
London [UK], March 22: 'Coming Together to Collaborate for Mutual Prosperity' is the theme of the 17th Edition of Asia-Europe Business & Social Forum 2022, to be organised by AsiaOne Media Group, on 12th April '22 at London Marriott Grosvenor Square Hotel, London, UK. The one-day mega Summit will be a grand congregation of business [...]
