Breaking News

Business

Govt looks at InvIT model to monetise power sector PSUs assets

IANS New Delhi The government asset monetisation programme may take the trust route with central transmission utility Power Grid Corporation of India Ltd (PGCIL) looking to float an infrastructure investment trust (InvIT) – a first by a PSU entity – to unlock value from its operational transmission assets and free up long-term capital for further investments. Government sources said that …

Read More »

Tax stability must to invest in Indian market: FPIs to FM

New Delhi: The government gave a patient hearing to the suggestions coming from foreign portfolio investors (FPIs) on the new tax proposed in the Budget but is yet to take a call on either revoking or minimising the impact of the new surcharge that has already seen investors taking out over Rs 22,000 crore since July 5. The finance ministry …

Read More »

More PSU banks likely to cut interest rates

New Delhi: With banking giant SBI and about a dozen lenders reducing their interest rates, the remaining PSU banks are likely to follow suit and slash interest rates in the next few days to pass on the benefit of rate cut by the Reserve Bank and boost the economy, sources said. Even private sector banks are expected to follow the …

Read More »

Merces CMM Arena revamped

Panaji: CMM Arena, a home and office retailer at Merces, has been upgraded to improve customer shopping experience with added convenience, pleasant ambience, depth and range in products and brands. The new look entails new categories of lighting and walk-in wardrobes, new design of furniture, new range of modular kitchens, home décor and new brands of wardrobes and beds. Its new …

Read More »

Industrial production growth slows to 4-month low

New Delhi: India’s industrial production growth slipped to a four-month low of 2 per cent in June, mainly due to poor performance of mining and manufacturing sectors, according to government data released on Friday. Factory output, as measured by the Index of Industrial Production (IIP), had expanded by 7 per cent in June 2018. The previous low in IIP growth …

Read More »

Exciting offers at World of Titan

Panaji: World of Titan, the watch retailer from India’s leading watchmaker, Titan Company Limited, is offering its customers exciting discounts on timepieces and Skinn fragrances during its sale from August 8 till 22. World of Titan is rolling out amazing discounts of flat 30 per cent on its exclusive range of watches and exciting offers on its wide range of …

Read More »

TRAI proposes third party apps for selecting channels under new cable services framework

New Delhi: In the wake of complaints from consumers that they are not able to choose TV channels conveniently under the new framework for cable services, telecom regulator TRAI has proposed having a channel selection system developed by a third party to make the process easy. The Telecom Regulatory Authority of India (TRAI), in March 2017, had notified the ‘New …

Read More »

Auto stress: M&M to suspend production for 8-14 days

Mumbai: The slowdown in the automobile sector and fall in sales seems to be taking a grave turn with auto major Mahindra and Mahindra (M&M) on Friday announcing a production shutdown of 8-14 days in its various plants during the ongoing July-September quarter. According to the company, the decision has been taken to align its production with the sales requirements.  …

Read More »

‘Need to bridge gap between rapid technology growth and education’

Panaji: Eminent Goan scientist, Dr Raghunath Mashelkar on Thursday, emphasised the need for self-learning to bridge the gap between rapid technology growth and the present day education system in India. Addressing students at the inaugural session of Vibrant Goa’s knowledge lecture series at the National Institute of Oceanography (NIO), auditorium Dona Paula, the Padma Vibhushan and Gomant Vibhushan recipient said …

Read More »

Big Bazaar’s shopping festival from tomorrow

Panaji: Big Bazaar’s ‘6 Days Mahabachat,’ a shopping festival, is being held from August 10 to 15.  “Fabulous discounts across various categories right from food and grocery items to fashion apparel, household items, kitchenware to home décor and electronics will be offered at the shopping festival,” states a press note issued here. “This year, Big Bazaar stores across the country …

Read More »