Cochin Shipyard launches five vessels at one go
NEW DELHI: It was a landmark day at Cochin Shipyard Ltd (CSL) as it launched five (05) vessels at one go from its Building Dock at Kochi and also laid the keel for two (02) vessels. The vessels launched are two 8000 DWT Mini General Cargo Ships for JSW Shipping & Logistics Pvt Ltd and […]
SpiceJet handles 10,000 cargo flights since lockdown in late March
NEW DELHI: Budget carrier SpiceJet has handled around 10,000 cargo flights since the lockdown in March, besides becoming the top cargo handler in October from the country’s busiest Indira Gandhi International Airport, according to the airline. During the coronavirus-induced lockdown that was imposed on March 25, the government permitted operations of only cargo and special […]
IIM-B retains top spot in Eduniversal’s B-school rankings for Central Asia
NEW DELHI: The Indian Institute of Management-Bangalore (IIM-B) has retained the top spot among the best B-schools in Central Asia in the Eduniversal rankings 2020. The IIM-Ahmedabad and IIM-Calcutta are the other B- schools that have been awarded this year. The awards were announced at the annual Eduniversal 3-D World Convention 2020. Eduniversal is a […]
West Bengal Finance Minister writes to Nirmala Sitharaman seeks GST Council meeting
NEW DELHI: West Bengal Finance minister Amit Mitra has written to Union Finance minister Nirmala Sitharaman urging her to convene a meeting of the GST Council for discussions on Centre’s borrowings to meet the collection shortfall. In the letter written on November 13, Mitra said that many states had argued at the GST Council meetings […]
Muhurat trading: Sensex, Nifty jump to lifetime highs
NEW DELHI: Market benchmark BSE Sensex rallied 381 points to a fresh lifetime high in the opening trade of the special Muhurat session on Saturday to mark the beginning of Hindu Samvat year 2077. The 30-share index was trading higher by 380.76 points, or 0.88 per cent, at 43,823.76 in the first few minutes of […]
Republicans face court setbacks, Donald Trump law firm steps down
PHILADELPHIA: Republicans suffered setbacks to court challenges over the presidential election in three battleground states on Friday while a law firm that came under fire for its work for President Donald Trump’s campaign withdrew from a major Pennsylvania case. The legal blows began when a federal appeals court rejected an effort to block about 9,300 […]
ED Director Sanjay Kumar Mishra’s tenure extended by one year
NEW DELHI: The government of India has extended the tenure of ED Director Sanjay Kumar Mishra by a year after modifying his appointment order that was issued in 2018, officials said. Mishra, 60, is a 1984-batch Indian Revenue Service officer of the Income Tax cadre and was appointed the Enforcement Directorate chief on November 19, […]
With victory in Georgia, Joe Biden’s electoral college matches Donald Trump’s in 2016
WASHINGTON: President-elect Joe Biden has wrested Georgia and President Donald Trump has retained North Carolina, major US media outlets have projected, bringing the closely-fought and bitter 2020 presidential race to a close. Trump, who has not yet conceded the election to the projected winner, Biden, has repeatedly asserted, without evidence, that fraud and other irregularities […]
Donald Trump administration not sharing threat assessment, intelligence reports: Joe Biden team
NEW DELHI: US President-elect Joe Biden’s transition team has said that they are not getting access to real-time threat assessment and intelligence reports by the outgoing Donald Trump administration. According to media projections, Democrat Biden has won the November 3 presidential election. However, Trump, the Republican incumbent, has alleged election fraud and mounted legal fights […]
India’s fuel demand posts its first yearly increase since February
NEW DELHI: India’s fuel demand posted its first yearly increase since February as a spurt in diesel demand ahead of the festival season pushed consumption to pre-Covid-19 levels. Total demand for petroleum products rose 2.5 per cent in October to reach 17.77 million tonnes compared to 17.34 million tonnes a year back, according to provisional […]
Sensex, Nifty end with weekly gain as bank, finance stocks firm up
NEW DELHI:Domestic equity benchmarks eked out modest gains on Friday after a day’s pause as banking and finance stocks found firmer ground amid mixed global cues. The 30-share BSE Sensex ended 85.81 points or 0.20 per cent higher at 43,443. The broader NSE Nifty rose 29.15 points or 0.23 per cent to 12,719.95. Both the […]
Infosys co-founder S D Shibulal gets over 400,000 shares as gift
NEW DELHI: Infosys co-founder S D Shibulal has received little over 400,000 shares of the company as a gift, taking the total number of shares owned by him to more than 2,160,000 shares, according to a regulatory filing. Infosys, on Friday, informed the stock exchanges that “401,000 equity shares (representing 0.01 per cent) of Infosys […]
Delhi government to construct 89,400 flats for EWS, slum dwellers by 2025
NEW DELHI:The Delhi government will undertake construction of 89,400 flats for economically weaker sections (EWS) and slum dwellers by 2025, according to a statement. The decision was taken in a meeting of the Delhi Urban Shelter Improvement Board(DUSIB) on Friday and it was attended by Chief Minister Arvind Kejriwal. “We have to provide shelter to […]
International air cargo handled during October 90% of its year-ago level: Hardeep Singh Puri
NEW DELHI: International air cargo handled in India during October was 90 per cent of its year-ago level, Civil Aviation Minister Hardeep Singh Puri said on Friday. “With our skies & airports busy facilitating more than 1.81 crore domestic passengers since May 25, 2020, another area which witnessed robust activity & growth is air cargo,” […]
Income tax to help developers liquidate unsold inventory: Finance ministry
NEW DELHI: The government of India’s move to allow primary or first sale of housing units costing up to Rs 2 crore at a price 20 per cent below the stamp duty circle rate would enable real estate developers to liquidate their unsold inventory and also benefit homebuyers, the finance ministry said on Friday. The […]
RBI imposes Rs 1 crore penalty on PNB for unauthorised ATM operations
NEW DELHI: State-run Punjab National Bank (PNB) on Friday said the RBI has imposed a penalty of Rs 1 crore on it for contravention of the Payment and Settlement Systems Act. “RBI has observed that the Bank was operating a bilateral ATM sharing arrangement with Druk PNB Bank Ltd, Bhutan, (international subsidiary of the Bank), […]