Thursday , 19 September 2019
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Auto dealers count on healthy festive sales

IANS New Delhi Faced with a consumption slowdown along with the high cost of finance, the country’s automobile dealers expect a partial turnaround during the upcoming festive season which will also lead to job regeneration. The sector has witnessed around 2 lakh job losses due to the sales slowdown. At present, the sector suffers from a sales downturn due to …

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Build customer loyalty first, profits will follow: Study

​IANS New Delhi Advertising professionals are chasing return on investment (ROI) which is a somewhat flawed exercise as they must focus more on delivering customer experiences and building loyalty, a new report said on Wednesday. On the other hand, said Adobe’s “2019 Digital Trends Advertising in Focus” report, two-thirds (64 per cent) of marketers stated that content and experience management …

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India’s coal-fired energy sector faces risk: Report

IANS New Delhi India’s coal-fired energy sector is facing increasing pressure due to generator over-capacity, water shortages and the rise of low-cost renewables, a report by the US-based Institute for Energy Economics and Financial Analysis (IEEFA) and the Applied Economics Clinic (AEC) said on Wednesday. The report — ‘Risks Growing for India’s Coal Sector’ — provides an overview of the …

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Centre to announce measures for real estate this week

IANS New Delhi After a slew of reform measures announced in the past fortnight, the central government is likely to come up with major announcements to boost the real estate industry this week. According to official sources, the package for real estate industry would include additional funds for housing finance companies (HFC) and norm relaxation for developers seeking bank loans.  …

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‘Food processing industry has immense potential in NE’

IANS Itanagar Food processing is an industry that has immense potential in the northeastern states but has not been explored to its optimum yet, said Union Minister of State for Food Processing Industries, Rameswar Teli, on Tuesday. “The northeast region, with its vast resources and bio-diversity, produces ample exotic fruits and vegetables which can be made economically viable through the …

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NPAs may come down to Rs 9.1 lakh cr by March 2020: study

IANS  New Delhi The Indian banking system’s gross non-performing assets (NPAs) may come down a notch to Rs 9.1 lakh crore by the end of current fiscal (March 31, 2020), from Rs 9.4 lakh crore as on March 31, 2019, said a joint study. “There is significant potential opportunity for stressed-assets investors, given around Rs 9.4 lakh crore NPAs in …

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Huawei denies US allegations of technology theft

AFP Paris Beleaguered Chinese telecom giant Huawei on Tuesday denied accusations reported in the Wall Street Journal that it stole technology from a Portuguese inventor, accusing him of “taking advantage of the current geopolitical situation.” The US Department of Justice is looking into the claim, potentially adding to existing criminal cases against Huawei, the WSJ reported last week. Huawei — …

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IndiGo second on international routes, we are still market leader: Air India

PTI New Delhi Air India on Monday said it is still a market leader among Indian airlines when it comes to flying on international routes as its capacity deployment on such routes is currently almost double than that of the number-two position holder IndiGo. The national carrier’s response came after a consultancy firm, Centre for Asia Pacific Aviation (CAPA), released …

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M&M acquires 55% stake in Meru Travel Solutions Pvt Ltd

UNI Mumbai Auto Major, Mahindra & Mahindra (M&M) said that company on August 31, 2019 has signed a Share Subscription and Shareholder Agreement for subscribing upto 55 percent of the Equity Share Capital of Meru Travel Solutions Private Limited (Meru) in tranches. In terms of the said agreement, after investment of the first tranche in Meru, the Company will have …

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Special drive to clear stuck IGST refunds on the spot

IANS New Delhi Central custom officials will kick off a special drive on India-Nepal border in Bihar to instantly clear pending IGST refunds of exporters. The department’s Patna unit will organise a 5-day IGST Refund Mela at all land customs stations (LCS) starting September 3.  The special drive to clear refunds on the spot is aimed at disposing all refund …

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