Gold prices decline on weak global cues, low demand
NEW DELHI: Amid weak cues from the global market and fall in demand from local jewellers, gold prices fell Rs 390 to Rs 31,460 per 10 grams on the bullion market during the week. Silver also lost Rs 890 to reach Rs 36,560 per kg due to poor offtake by industrial units and coin makers. […]
GST collection drops to Rs 97,637 crore in November
NEW DELHI: Goods and Services (GST) collection in November dropped to Rs 97,637 crore, lower than Rs 1 lakh crore collected previous month. The total number of GSTR 3B returns filed for October up to November 30, 2018, is 69.6 lakh, the finance ministry said in a statement. Compensation released to states for the August-September […]
Former US president George H W Bush dies
By Seema Hakhu Kachru HOUSTON: George H W Bush, the 41st president of the United States of America (USA) who led America during the collapse of the Soviet Union and the turning back of an Iraqi invasion of Kuwait, died on Friday. He was 94. His death, which was announced by his office, came less […]
OYO appoints Rohit Kapoor as CEO of new real estate business
NEW DELHI: Hospitality firm OYO on Tuesday said it has appointed Max Healthcare Executive Director Rohit Kapoor as the chief executive officer (CEO) of its new real estate businesses, effective 6 December. Kapoor will be entrusted with the responsibility to drive new real estate business opportunities which will include exploring new domains and categories and […]
Sacked without notice, 1200 workers at Xiaomi, Oppo factory go on rampage in Noida
NEW DELHI: Hundreds of employees of a Chinese smartphone manufacturing facility here resorted to violence on Thursday after around 200 of them were “sacked without notice”, officials said. Around 1,200 workers of the Hipad Technology India, which makes Xiaomi and Oppo phones, went on a rampage pelting stones at the building and barging into the […]
INOX and Country Inn Hotel & Resorts tie up with Spectrum Metro
NEW DELHI: First time in Noida, INOX Leisure Limited with largest multiplex chains has tied up with Spectrum Metro for a 10 screen megaplex. The company is already developing its maiden commercial venture, Spectrum Metro located in sector 75, which is in advanced stages of construction. Country Inn Hotel & Resorts, accommodating both business and […]
Crop insurance premium for 2019 to be paid by government: Raghubar Das
NEW DELHI: Jharkhand Chief Minister Raghubar Das said that in the development of the nation the contribution of the villages poor farmers and workers is a must for the development of state and nation. Speaking at the Global Agriculture and Food Summit-2018 at the Khelgaon here (organized by Jharkhand government and FICCI as event partner) […]
ISRO successfully launches earth observation satellite HysIS, 30 foreign satellites
NEW DELHI: The Indian Space Research Organisation’s (ISRO) Polar Satellite Launch Vehicle (PSLV-C43) successfully launched 31 satellites from Satish Dhawan Space Centre (SDSC) today in Sriharikota. The PSLV-C43 lifted off at 9:57:30 (IST) from the First Launch Pad and injected India’s Hyper-Spectral Imaging Satellite (HysIS) into a 645 km sun-synchronous polar orbit 17 minutes and […]
Ericsson, Volvo Cars sign five-year Connected Vehicle Cloud worldwide deal
NEW DELHI: Ericsson has been selected by Volvo Car Group (Volvo Cars) to provide the industrialized Ericsson Connected Vehicle Cloud (CVC) platform to further enable its digital vehicle services in more than 120 markets worldwide for the next five years. Volvo Cars, like other major players in the automotive industry, is increasing focus on securing […]
Sunil Arora appointed as Chief Election Commissioner
NEW DELHI: The government of India formally announced the appointment of seniormost election commissioner Sunil Arora as the Chief Election Commissioner (CEC) on Tuesday. A notification issued by the Law Ministry said the 62-year-old former bureaucrat would take over his new position Sunday. The incumbent CEC, Om Prakash Rawat, demits office Saturday. The Election Commission […]
Sumanta Chaudhuri takes charge as coal secretary
NEW DELHI: Sumanta Chaudhuri took charge as Coal Secretary on Tuesday, an official said. Chaudhuri, a 1985-batch IAS officer from West Bengal cadre, had been named as coal secretary by the Appointments Committee of the Cabinet on November 17. He replaced Inder Jit Singh. The Department of Personnel and Training had earlier said that Singh […]
RBI Governor Urjit Patel to submit written answers to questions raised by MPs
NEW DELHI: In an apparent defence of the government’s demonetisation decision, Reserve Bank of India (RBI) Governor Urjit Patel on Tuesday told law makers that the note ban’s impact was transient and the economy is robust, sources said. Patel, who appeared before the Parliamentary Standing Committee on Finance, would give written responses on some of […]
Tech Mahindra bags Rs 270 crore deal for enterprise modernization from Coal India
NEW DELHI: Tech Mahindra Ltd. a leading provider of digital transformation, consulting and business reengineering services and solutions, has announced today an Rs 270 Cr deal to enable digital transformation for Coal India Limited. The engagement, which will span over five years, is aimed at enterprise modernization. The primary objective of setting up an integrated […]
USA announces USD 5 million reward for information on 26/11 perpetrators
By Lalit K Jha WASHINGTON: The United States of America (USA) on Monday announced a USD 5 million reward for information leading to the arrest or conviction in any country of any individual who committed, conspired, aided or abetted the 2008 Mumbai attack. The Trump administration announced this major reward (of over Rs 35 crore) […]
Jet Airways continues with incremental layoffs to cut cost
NEW DELHI: Crisis-hit Jet Airways (India) Ltd continues to use layoffs in small chunks as one of the means to reduce cost with the carrier handing over pink slips to around 16 more employees, a person familiar with the development said on Monday. These employees were working as ground staff in Jet Airways’s Kochi and […]
Vice president of India lays foundation stone for Kartarpur Sahib corridor
NEW DELHI: Marking a new beginning in India-Pakistan relations and heralding the possibility of reducing the tensions between the two countries, the Vice President of India, M. Venkaiah Naidu has laid the foundation stone for construction of Dera Baba Nanak – Kartapur Sahib corridor on the Indian side that will provide a passage to Sikh […]