United Bank of India increases MCLR by 5 basis points
NEW DELHI: Public lender United Bank of India has increased the marginal cost of funds based lending rate (MCLR) by 5 basis point or 0.05 per cent across tenors. “The Asset Liability Management Committee of the Bank..has revised the tenor based MCLR of the bank with effect from September 14, 2018,” United Bank of India […]
Rajnath Singh approves Rs 157.23 crore for Uttar Pradesh, Rs 60.76 crore for Maharashtra
NEW DELHI: India’s Home Minister of India Rajnath Singh chaired a meeting of the High Level Committee (HLC) in New Delhi today to consider the additional Central Assistance to the States of Uttar Pradesh (affected by rabi drought during 2017-18) and Maharashtra (affected by pest attack & cyclone during 2017). The Union Minister for Agriculture […]
Arun Jaitley should step down while it is underway: Rahul Gandhi on Vijay Mallya’s ‘serious allegations’
NEW DELHI: Congress President Rahul Gandhi on Wednesday night tweeted about Vijay Mallya’s reported meeting with Arun Jaitley. Mallya had claimed that he met Jaitley for settlement before leaving for London, a claim which Union Finance Minister has rejected. However, Congress has latched on to the allegations and have asked for probe. Congress President Rahul […]
Need to enhance IAF’s capability to take on adversaries: Air Chief
NEW DELHI: No country in the world is facing the kind of grave threat that India is confronted with, Air Chief Marshal B S Dhanoa said Wednesday. He said intentions of adversaries can change overnight and the Air Force needs to match their force level. The air chief also said that India’s neighbours are not […]
Jet Airways’ Mumbai-Manchester service to now operate five days a week
NEW DELHI: Jet Airways, India’s premier international airline is all set to introduce the country’s first non-stop service between Mumbai and Manchester effective 05th November, 2018. The airline’s latest service connecting India via its commercial capital, with Manchester – the 3rd largest city in the UK will further strengthen Jet Airways’ connect with the United […]
Indian Rupee sinks to new low of 72.91, drops 22 paise against USD
NEW DELHI: The Indian rupee of Wednesday collapsed to a lifetime low of 72.91 against the dollar at the interbank foreign exchange market. The domestic currency was quoting 22 paise lower at a fresh record low of 72.91 against the US dollar in morning trade amid surging crude oil prices and uanabated foreign fund outflows. […]
Chemists call for strike on September 28 against online medicine sale
NEW DELHI: All India Organisation of Chemists and Druggist (AIOCD), announced that they plan to strike on September 28 to oppose online sale of medicines. “We are observing one day strike on Friday, September 28 to protest against any move by the government allowing sale of medicines through internet or allowing e-pharmacies to operate in […]
Haryana announces cut in power tariffs
CHANDIGARH: Haryana chief minister Manohar Lal Khattar on Tuesday announced relief for power consumers in the state. Khattar announced to reduce the power tariff on monthly consumption of up to 200 units from Rs 4.50 per unit to Rs 2.50 per unit. Announcing further relaxation for the people belonging to poor families, Khattar while speaking […]
RBI submitted a list of high profile fraud cases to PMO: Raghuram Rajan
NEW DELHI: A list of high profile cases related to banking frauds was sent to the Prime Minister’s Office (PMO) for a coordinated action, said former RBI Governor Raghuram Rajan in a note to Parliamentary panel. In the note to Chairman of Estimates Committee Murli Manohar Joshi, Rajan said that the size of frauds in […]
Inherited 1.22 lakh kilometers of potholed roads from past regime: Yogi Adityanath
NEW DELHI: Samajwadi Party and Bahujan Samajwadi party governments left Uttar Pradesh with 1.22 lakh kilometers of roads full of potholes, Chief Minister Yogi Adityanath said on Tuesday. Speaking at the inauguration of an infrastructure project and foundation laying ceremony here, Adityanath said, “When we came to power about 16 months ago, there was around […]
Jewar airport: Over 90 per cent farmers’ agree to land acquisition
NEW DELHI: As many as 307 farmers Monday consented for acquisition of their land – the maximum in a single day so far – for a proposed international airport at Gautam Buddh Nagar district’s Jewar, officials and MLA Dhirendra Singh said. After initial resistance by some farmers, district officials and Jewar MLA Singh have been […]
German’s Blaupunkt launches 3 series of its LED Televisions
NEW DELHI: Blaupunkt, one of the most admired German consumer electronics brands, accredited with the tag of “Brand of the Century” is making a trailblazing entry into the Indian LED Televisions market. Blaupunkt has unveiled 3 series of its LED Televisions at IFA Berlin on 31st August 2018 in Germany. Subsequently, the Global Management Team […]
ICICI Bank files insolvency plea against Jaiprakash Associates
NEW DELHI: Leading private sector lender ICICI Bank has filed insolvency petition against Jaiprakash Associates before the National Company Law Tribunal (NCLT). The Allahabad bench of NCLT has asked ICICI bank to serve notice to its corporate debtor Jaiprakash Associates within three days and directed Jaypee group firm to file reply by September 17. If […]
Supreme Court of India asks Greater NOIDA to deposit Rs 66 crore received from Unitech to refund buyers
NEW DELHI: The Supreme Court of India on Monday asked a local authority in Uttar Pradesh to deposit Rs 66.82 crore, received from realty firm Unitech Ltd, with its registry to refund those who have opted out of one of its housing schemes in the Greater Noida area. A bench headed by Chief Justice Dipak […]
Chhattisgarh can become bio-fuel production hub: Nitin Gadkari
NEW DELHI: India’s Road Transport Minister Nitin Gadkari said Monday that Chhattisgarh has immense potential for production of bio-fuel. Addressing a gathering at Charoda in Durg district of the state, he said use of alternative fuels will cut down our dependence on petrol and diesel. Gadkari laid foundation stones of or dedicated total of eight […]
NITI Aayog, Intel and TIFR collaborate to set up a Model International Center for Transformative AI
NEW DELHI: NITI Aayog, Intel, and Tata Institute of Fundamental Research (TIFR) announced on 7th September that they are collaborating to set up a Model International Center for Transformative Artificial Intelligence (ICTAI) towards developing and deploying AI-led application-based research projects. This initiative is part of NITI Aayog’s ‘National Strategy for Artificial Intelligence’ Discussion Paper that […]