India asks Pakistan to vacate its occupation of Gilgit-Baltistan
NEW DELHI: The government of India has asked Pakistan to immediately vacate from the Indian territory of Gilgit-Baltistan which the Imran Khan government declared as its provisional fifth province on Sunday. Prime Minister Imran Khan on Sunday announced that his government has decided to grant the “provisional-provincial status” to Gilgit-Baltistan, a part of the erstwhile […]
Asked banks to pay difference in interest to borrowers: RBI to Supreme Court
NEW DELHI: The RBI has informed the Supreme Court that it has asked the banks, and financial institutions as well as the non-banking financial institutions to take “necessary actions” to credit the accounts of eligible borrowers, by November 5, with the difference between compound and simple interest collected on loans of up to Rs 2 […]
Mizoram plans tap water supply to 31,000 households by 2020 end
By Rajnish Singh NEW DELHI: Mizoram plans to provide tap water connection to nearly 31,963 households by end 2020 and achieve 100 per cent coverage for all rural households by 2022-23, state officials said at a mid-term review of ‘Jal Jeevan Mission’ across states and Union Territories (UTs) on Sunday. The state has nearly 1.27 […]
Economy set to bounce back, time for bold actions: Ficci
NEW DELHI: Ficci President Sangita Reddy on Sunday said that India’s strategy of dealing with the Covid crisis has paid off and the nation’s economy is set to bounce back and emerge stronger. “The speed, virality and impact of the Covid contagion is unprecedented. There was no standard playbook for pandemic management. The dilemma for […]
Hyundai logs ‘highest-ever’ domestic sales in October amid Covid-19 outbreak
NEW DELHI: Hyundai Motor India Ltd (HMIL) on Sunday said it recorded its highest-ever monthly domestic sales in October at 56,605 units amid the Covid-19 pandemic. It reported a 13.2 per cent growth in its domestic sales compared to 50,010 units sold during October 2019, the company said in a statement. The rise in demand […]
Honda Cars India registers 8% domestic sales growth in October
NEW DELHI: Honda Cars India Ltd (HCIL) on Sunday said that its domestic sales in October rose 8.3 per cent to 10,836 units. During the same period last year, the company had reported sales of 10,010 units. Rajesh Goel, Senior Vice President and Director, Marketing & Sales, Honda Cars India Ltd said: “We have seen […]
Mahindra & Mahindra’s October sales drop 14%, utility vehicles sale up 3%
MUMBAI: Mahindra & Mahindra (M&M) on Sunday reported a 14.5 per cent fall in its overall sales in October at 44,359 vehicles. The company had sold 51,896 units in October last year. The passenger vehicle segment of the company which includes utility vehicles, cars and vans recorded a 1 per cent growth in sales at […]
‘Amazon’s contention misconceived’: Future asks bourses to process RIL deal
NEW DELHI: A week after a Singapore arbitration court directed a temporary stay on Future Retail’s buyout by RIL-led Reliance Retail Ventures Ltd (RRVL), Future urged the Indian exchanges, the BSE and the NSE, to process its application for the deal with Reliance Retail, as the arbitrator’s order does not restrict market regulator SEBI or […]
Maruti Suzuki’s October sales grow 19% to 1.8 lakh units
NEW DELHI: Maruti Suzuki India on Sunday reported an 18.9 per cent growth in its total sales for the month of October. The company sold 1,82,448 units of vehicles last month, against 1,53,435 units sold in October 2019, the company said in a regulatory filing. Domestic sales of the company, including sales to other original […]
GST collection crosses Rs 1 lakh cr in October, first in FY21
NEW DELHI: The gross GST revenue collected in the month of October, 2020 is Rs 1,05,155 crore of which CGST is Rs 19,193 crore, SGST is Rs 25,411 crore, IGST is Rs 52,540 crore (including Rs 23375 crore collected on import of goods) and Cess is Rs 8,011 crore (including Rs 932 crore collected on […]
Air India appoints new chiefs in three subsidiaries
NEW DELHI: National carrier Air India has appointed new chiefs in some of its subsidiaries. Accordingly, Air India has appointed Aloke Singh as the Chief Executive in its international low-cost subsidiary Air India Express. Besides, Deepak Khullar has been appointed as the CEO of Hotel Corporation of India (HCI), another Air India subsidiary. HCI is […]
Former Economic Affairs Secretary says Nirmala Sitharaman insisted on my transfer from Ministry of Finance
NEW DELHI:Former Economic Affairs Secretary Subhash Chandra Garg has claimed that Nirmala Sitharaman asked for and insisted on his transfer from the Ministry of Finance in June 2019 itself, within a month of taking over as the Union Finance Minister. Giving reasons for taking voluntary retirement from government service last year, Garg wrote in a […]
Sangeeta Singh new vigilance commissioner of Gujarat
AHMEDABAD: Additional Chief Secretary of Home Department Sangeeta Singh has been appointed as Vigilance Commissioner following her retirement, a government notification said on Saturday. Singh was already in-charge vigilance commissioner. She retired from the IAS on Saturday on attaining the age of superannuation, said the notification issued by Deputy Secretary to the Home Department, Samir […]
Jishnu Barua assumes office as new Assam chief secretary
GUWAHATI: Senior IAS officer Jishnu Barua on Saturday took charge as the new chief secretary of Assam. He replaced Kumar Sanjay Krishna, who retired after serving in the post for 10 months. Barua, who took charge at an official ceremony at state secretariat Janata Bhavan, will remain in office till August, 2022. The 1988 batch […]
GM hires new chief financial officer from Delta Airlines
DETROIT:General Motors has hired away Delta Airlines’ CFO to fill the automaker’s top financial job. The Detroit-based company said on Friday that Paul Jacobson will start the new position on December 1. The 48-year-old Jacobson has been the airline’s CFO for the past eight years. He’ll replace Dhivya Suryadevara, who left GM in August for […]
Nafed floats bids for supply of 15,000 tonnes of imported red onions by November 20
By LAXMI DEVI NEW DELHI: Cooperative Nafed on Saturday invited bids from importers for supply of 15,000 tonnes of red onions by November 20 in order to boost the domestic availability and check price rise. The cooperative has asked bidders to supply 40 to 60 mm size of red onions from any country of origin […]