Gillette India profit after tax rises 23% to Rs 88 crore in March quarter
NEW DELHI: FMCG firm Gillette India has reported 23 per cent rise in profit after tax for the March quarter at Rs 87.76 crore helped by increased productivity and cost efficiency. The company, which follows July-June financial year, reported profit after tax (PAT) of Rs 71.32 crore for January-March 2018, Gillette India said. Total income […]
IAF gets first Apache Guardian attack helicopter
NEW DELHI: US aerospace major Boeing has handed over first of the 22 Apache Guardian attack helicopters to the Indian Air Force, nearly three-and-half years after a multi-billion dollar deal for the choppers was sealed. Senior IAF officials said the addition of AH-64E (I) Apache helicopter is a significant step towards modernisation of the force’s […]
Google Pixel 3a, 3a XL to hit India from May 15; priced at Rs 39,999 onwards
NEW DELHI: Tech giant Google’s latest generation of smartphones – Pixel 3a and Pixel 3a XL – will make their way into the Indian market priced at Rs 39,999 onwards from May 15. These handsets, which are cheaper than their predecessors, compete with devices from the stables of Apple, Samsung and OnePlus in the burgeoning […]
India headed for slowdown; Narendra Modi government left economy in ‘dire straits’: Manmohan Singh
By Sanjeev Chopra NEW DELHI: Former prime minister Manmohan Singh on Sunday said India is headed for an economic slowdown and accused the Narendra Modi government of leaving the economy in dire straits due to its “lack of economic vision”. Citing the latest economic growth figures to suggest an impending slowdown, the senior Congress leader […]
Embassy Office Parks to raise Rs 3,000 crore via non-convertible debentures
NEW DELHI: Embassy Office Parks, which recently launched India’s first real estate investment trust (REIT), Friday said it will raise Rs 3,000 crore through the allotment of debentures on a private placement basis. Embassy Office Parks, a joint venture between global investment firm Blackstone and realty firm Embassy Group, had raised Rs 4,750 crore through […]
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 […]
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 […]
Pre-monsoon rainfall records 27% dip says IMD
NEW DELHI: Pre-monsoon rainfall from March to April, a phenomenon critical to agriculture in some parts of the country, has recorded 27 per cent deficiency, according to the India Meteorological Department (IMD). The IMD recorded 43.3 millimetres of rainfall across the country from March 1 to April 24 as against the normal precipitation of 59.6 […]
Issuance of government bonds jumps to Rs 64,192 crore from Rs 15,095 crore in FY19: Report
NEW DELHI: The issuances of government-fully serviced bonds (GoI-FSBs) rose to Rs 64,192 crore in the year-ended March 2019 as compared to Rs 15,095 crore during the last fiscal, says a report. These borrowings are estimated to have accounted for 0.34 percent of GDP for FY19 as compared to 0.09 percent of GDP for FY18. […]
Jet Airways to ground operations temporarily from tonight
NEW DELHI:Teetering for over four months due to cash-drought, Jet Airways, flying for over 25 years, Wednesday said its last flight will takeoff later this night, after its lenders refused to offer a Rs 400-crore lifeline. “With immediate effect, we are compelled to cancel all our international and domestic flights. The last flight will operate […]
50 lakh Indian men lost jobs between 2016-18
BENGALURU: Employment opportunities declined and five million men lost their jobs between 2016 and 2018, according to a report released by the city-based Azim Premji University. The decline in job opportunities coincided with demonetisation in November 2016, although no direct causal relationship can be established based only on these trends, the State of Working India-2019 […]
Jet Airways operating around 28 planes
NEW DELHI: Cash-strapped Jet Airways is operating 28 planes, including 15 aircraft in the domestic routes, Civil Aviation Secretary Pradeep Singh Kharola said on Wednesday. Earlier in the day, Kharola said that less than 15 planes of the airline were flying. Jet Airways, where the lenders are set to take control as part of a […]
US approves sale of 24 MH 60 Romeo Seahawk helicopters to India
NEW DELHI: The US has approved the sale of 24 multi-role MH-60 ‘Romeo’ Seahawk helicopters to India at an estimated cost of USD 2.6 billion, the State Department has said India has been in need of these formidable anti-submarine hunter helicopters for more than a decade now. Designed for hunting submarines as well as knocking […]
GST collections records Rs 1.06 lakh crore in March
NEW DELHI: Total Gross GST revenue collected in the month of March, 2019 is Rs. 1,06,577 crore of which CGST is Rs. 20,353 crore, SGST is Rs.27,520 crore, IGST is Rs.50,418 crore (including Rs. 23,521crore collected on imports) and Cess is Rs. 8,286 crore (including Rs. 891crore collected on imports). The total number of GSTR […]
Was Mi17 chopper shot down by own defence system?
NEW DELHI: Was the Mi17 V5 chopper crash at Budgam near Srinagar on February 27 — which killed all six Indian Air Force (IAF) personnel on board — caused by an Indian air defence missile hit? That “could be one of the possibilities”, a highly placed source said on Friday. This might have happened in […]
BMW unveils Chennai-made 530i M Sport, priced at Rs 59 lakh
CHENNAI: German luxury carmaker BMW on Thursday launched 530i M Sport in India, priced at Rs 59.2 lakh (ex-showroom). The model now comes with a petrol engine, is locally produced at Chennai and is BS-VI compliant, BMW said in a statement. The company already sells diesel variant of the model in the country. The 530i […]