Fiscal deficit touches Rs 4.32 lakh crore in Q1
NEW DELHI: The government of India’s fiscal deficit touched Rs 4.32 lakh crore for the June quarter, which is 61.4 per cent of the budget estimate for 2019-20 fiscal. In absolute terms, the fiscal deficit or gap between expenditure and revenue was Rs 4.32 lakh crore during at June-end, as per the data released by […]
Team India announced for World Skills International Competition 2019
NEW DELHI: Ministry of Skill Development & Entrepreneurship (MSDE), Government of India announced the 48-member contingent which will represent India at the biggest showcase of skills excellence in the world, called World Skills International Competition 2019. Also referred as the ‘Olympics for Skills’, the event is scheduled in Kazan, Russia from 22nd to 27th August […]
India airfares forecast to increase 5% in 2020
NEW DELHI: After posting sharp rises in 2019, prices in the global travel industry are likely to slow in 2020, with flights rising a modest 1.2%, hotels rising only 1.3%, and rental car rates up 1% (in USD terms), according to the sixth annual Global Travel Forecast, published today by CWT and GBTA. While the […]
DLF’s net debt down 35 per cent to Rs 3,416 crore
NEW DELHI: Realty major DLF’s net debt declined 35 per cent to Rs 3,416 crore during the first quarter of this fiscal on better sales and fund infusion from promoters. According to an investor presentation, DLF’s net debt has come down to Rs 3,416 crore as on June 30, 2019 from Rs 5,283 crore at […]
Karnataka: Cafe Coffee Day founder V G Siddhartha’s body found
MANGALURU: The body of Cafe Coffee Day (CCD) founder V G Siddhartha, who had gone missing, was found on Wednesday in the Netravati river in Dakshina Kannada district of Karnataka after 36 hours of intense search, officials said. The body had washed ashore near Ullal and was fished out by local fishermen. Mangalore MLA U […]
Lok Sabha passes the Code on Wages Bill, 2019
NEW DELHI: The Lok Sabha passed The Code on Wages Bill, 2019. While opening the discussion for consideration and passing of the Bill, Minister of State (I/C) for Labour and Employment Santosh Kumar Gangwar said that it is a historic Bill which aims to transform the old and obsolete labour laws into more accountable and […]
Air India Express posts Rs 169 crore profit in 2018-19
NEW DELHI: Air India Express on Tuesday reported a 35 per cent slump in net profit at Rs 169 crore in the year ended March 2019, mainly on account of higher costs, even as it remained profitable for the fourth straight year. In 2017-18, the carrier had posted a net profit of Rs 262 crore. […]
IndiGo to fly to Hanoi from Kolkata
NEW DELHI: IndiGo is set to launch daily direct flights between Kolkata and Hanoi from October 3, making the Vietnam capital the fifth Southeast Asian destination in the airline’s network, the low-cost carrier announced on Tuesday. The flight to Hanoi (6E 1398) will take off from Kolkata at 12.40 pm and the return flight (6E […]
Caf Coffee Day founder goes missing
MANGALURU: Caf Coffee Day founder V G Siddhartha was reported to have gone missing after he left from Bengaluru on Monday night, police said. Siddhartha, the son-in-law of former Karnataka chief minister S M Krishna, was headed for Sakaleshpur but on the way he had asked his driver to go towards Mangaluru, according to the […]
Income Tax Department attaches Rs 254 crore worth of ‘benami’ equity of Ratul Puri
NEW DELHI: The Income Tax Department has attached Rs 254 crore worth of “benami” equity of Ratul Puri which he had allegedly received from a suspect in the AgustaWestland VVIP chopper scam case via shell companies, officials said on Tuesday. Puri is the nephew of Madhya Pradesh Chief Minister Kamal Nath. They said a provisional […]
Paytm Money plans to start stock broking services, pension schemes sales by March
NEW DELHI: Digital investment platform Paytm Money is planning to begin stock broking service, sale of National pension schemes, exchange traded funds (ETFs) and other financial instruments during the current financial year, a top company official said on Monday. “We will be starting stock broking service, ETF, depository account for shares, national pension schemes during […]
ALTBalaji, ZEE5 collaborate to co-create original content
NEW DELHI: Balaji Telefilms on Monday said its content platform ALTBalaji and Zee Group’s ZEE5 have collaborated to co-create original content which will be available on both the platforms. “The content sharing arrangement, includes co-creation of 60 plus original content series (in Hindi) which will be available exclusively to SVOD (subscription video on demand) subscribers […]
Innovative funding solutions, new growth avenues and technology upgrade to help the sector revive: NAREDCO
NEW DELHI: National Real Estate Development Council (NAREDCO) – an apex body, formed under the aegis of Ministry of Housing and Urban Affairs, Government of India, today said that innovative funding solutions, alignment with the newly emerged segments and construction technology upgrade will propel the sector’s revival. The apex body has also announced its 15th […]
Motia group launches its new residential project-Motia Huys
NEW DELHI:Motia group, one of the leading real estate developer of Tricity (Chandigarh, Mohali, Panchkula) has announced the launch of its new residential project Motia Huys in Peer Muchalla, adjoining sector 20, Panchkula. With an investment of Rs 65 crores, the realty major is coming up with independent luxury floors and a commercial arcade for […]
Alkem Laboratories founder Samprada Singh dead
PATNA: Drug manufacturer Alkem Laboratories founder Samprada Singh died on Saturday after a brief illness in Mumbai”s Lilavati hospital, his family sources confirmed. He was 92. Well-known industrialist, Singh was among the richest persons of Bihar. He was a native of Okari village in the Jahanabad district. Politicians, businessmen, as well as common people paid […]
Indian embassy warns people against fake job offers in UAE
NEW DELHI: The Indian Embassy in the UAE has issued an advisory, warning people against falling prey to fake job offers in an Indian school in Abu Dhabi, according to a media report. The mission, in a message on Twitter on Thursday, urged Indians residing in the UAE, India and other countries that they should […]