25 US lawmakers urge Trump admin not to cancel GSP trade benefits to India
WASHINGTON: A group of 25 influential American lawmakers has urged the US Trade Representative not to terminate the GSP programme with India after the expiry of the 60-day notice on Friday, saying the country’s companies seeking to expand their exports to India could be affected. The Generalized System of Preference (GSP) is the largest and […]
PNB Housing to raise $1 billion from foreign markets in one or more tranches
NEW DELHI: PNB Housing Finance on Thursday said it will raise up to USD 1 billion (around Rs 6,954 crore) from foreign markets, and additional Rs 10,000 crore by issuing bonds. The board meeting scheduled for May 9 will consider approval of “fund raising by way of external commercial borrowings up to USD 1 billion […]
Global Q1 gold demand grew by 7 per cent at 1,053.3 ton: WGC
NEW DELHI: Global gold demand grew 7 per cent to 1,053.3 tonne in the first quarter of 2019, against the year-ago period, mainly driven by higher purchase by the central banks and growth in gold-backed exchange-traded funds (ETFs), according to a World Gold Council (WGC) report. The overall demand stood at 984.2 tonne in the […]
Indians prefer budget travel, domestic destinations this summer: Survey
NEW DELHI: India is beating global destinations with more than half of country’s travellers looking to go domestic this year, and that too on a tight budget, a new survey has revealed. Conducted by Yatra, an online travel portal, the survey said 68 per cent of Indians were planning to travel this summer, of which, […]
Aviation scam: Lobbyist Deepak Talwar was in touch with Praful Patel, says ED
NEW DELHI: Corporate lobbyist Deepak Talwar was in regular touch with former aviation minister Praful Patel while acting as a middleman in negotiations to favour foreign private airlines, causing losses to national carrier Air India, ED has told a Delhi court. The Enforcement Directorate claimed in its charge sheet filed against Talwar, who has been […]
Vistara to hire 100 pilots, 400 cabin crew from grounded Jet Airways
NEW DELHI: In one of its largest hiring exercise since it began operations over three years back, the premium carrier Vistara is hiring around 500–100 pilots and 400 cabin crew–mostly from the grounded Jet Airways, say industry and airline sources. The grounding of Jet has come as an opportunity for the market to hire readily-available […]
‘Good to see you’: US, Chinese negotiators resume trade talks
BEIJING: Top US and Chinese trade negotiators resumed talks on Wednesday as they an eye an endgame to a months-long dispute that has hit businesses with bruising tariffs. Vice Premier Liu He, a close aide to President Xi Jinping on economic matters, greeted US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin to begin […]
Donald Trump, Democrats agree to spend $2 trillion on US infrastructure
WASHINGTON: Democratic congressional leaders — House Speaker Nancy Pelosi and Senate Minority Leader Charles Schumer — said they have agreed to seek a deal with President Donald Trump on a 2-trillion-US-dollar infrastructure package. “We agreed on a number, which was very, very good, 2 trillion dollars for infrastructure,” Xinhua quoted Schumer as saying to reporters […]
Supreme Court directs Centre to file response by May 4 to petitions seeking review of Rafale verdict
NEW DELHI: The Supreme Court directed the Centre on Tuesday to file response by May 4 to the petitions seeking review of last December’s verdict by which the apex court had dismissed the pleas challenging India’s deal to procure 36 Rafale fighter jets from France. A bench headed by Chief Justice Ranjan Gogoi did not […]
Eros launches another housing project sampoornam-I in Greater Noida
NEW DELHI: After successful delivery of Eros Sampoornam at sector 2 at Greater Noida West, Eros Group has launched 2nd phase of the project, Sampoornam I. Spread over 12 acres land and connected with Sampoornam, Eros is investing 125 crore in the Sampoornam I phase. The phase will have 4 towers with 258 units of […]
Vijay Mallya repeats offer of 100 per cent payback for Indian banks
By Aditi Khanna LONDON: Embattled liquor tycoon Vijay Mallya took to social media on Monday to lament the collapse of Jet Airways and repeated his offer of a “100 per cent payback” for state-owned Indian banks to cover his now-defunct Kingfisher Airlines’ debt. The 63-year-old former Kingfisher Airlines (KFA) boss is currently appealing against his […]
Where politicians invest: Mutual funds, RIL, and even Kingfisher Airlines
NEW DELHI: Fixed deposits and tax-free bonds seem to be among the most favoured financial investments for the political leaders fighting the Lok Sabha polls, while mutual funds and stocks also adorn the portfolios of many and some even have got shares of long-defunct firms like Kingfisher Airlines. Shares of Mukesh Ambani-led Reliance Industries Ltd […]
Looking for job in Qatar? Beware of fake agents, warns Indian embassy
NEW DELHI: Indians looking for employment in Qatar must be wary of fake job recruiting agents, the Indian embassy in Doha has warned, advising the job-seekers to ask for a copy of the agent’s ID proof to ensure authenticity. “Please do not trust any recruiting agent who promises you a job in Qatar on a […]
Donald Trump again goes after India, says it slaps ‘big tariffs’ on US products
WASHINGTON: President Donald Trump has criticised India’s “big tariffs” on American paper products and the iconic Harley-Davidson bikes, saying the US has been losing billions of dollars to countries like India, China and Japan. Addressing a Republican political rally in Wisconsin state’s Green Bay city on Sunday, Trump alleged that every country has been ripping […]
Ask SBI to release one month’s salary to Jet Airways staff: NAG to Narendra Modi
NEW DELHI: The National Aviator’s Guild (NAG), which represents pilots of the grounded carrier Jet Airways, Saturday requested Prime Minister Narendra Modi to “direct” the airline’s lender State Bank of India to release one month’s salary of all the employees. In a late evening e-mail to the prime minister, the guild also sought government’s directive […]
US election 2020: Joe Biden to hit campaign trail before blue-collar supporters
PITTSBURGH: Former US vice president Joe Biden, the newest Democratic presidential candidate, will hit the campaign trail in earnest on Monday with a rally before union members who have been a mainstay of his and the party’s support. For his first public event since announcing his candidacy last Thursday, Biden chose Pennsylvania, the state where […]