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  • Cabinet approves agriculture export policy, aims to double exports to $60 bn by 2022

    7 December, 2018 5:14 AM 189

    Agricultural exports are currently estimated at USD 30 billion. New Delhi: The Union Cabinet has approved the Agriculture Export Policy, 2018 aiming to double agricultural exports to USD 60 billion by 2022. The government underlined that one of the prime objective of the Agriculture Export Policy is to double agricultural exports from present USD 30 billion

  • Female passengers to get 6 more reserved berths in 3AC class of all trains

    5 December, 2018 11:43 AM 90

    At present, a reservation quota of 6 Sleeper class berths in Mail/Express trains is already available in third bay of the coach for female passengers. New Delhi: Ministry of Railways has decided to earmark reserved accommodation in trains for female passengers in 3 AC class of all Rajdhani/Duronto/fully Air Conditioned trains. “...it has been decided

  • Yamaha recalls 1,874 units of YZF-R3 model

    5 December, 2018 8:11 AM 130

    New Delhi: India Yamaha Motor Pvt Ltd (IYM) Tuesday announced recall of 1,874 units of its YZF-R3 motorcycle model to rectify defects related to radiator hose and spring torsion. The affected units, sold in domestic and export market, were manufactured between July 2015 to May 2018, the company said in a statement. "This voluntary recall is being undertaken

  • RCom unit furnishes Rs 1,400 cr corporate guarantee to Telecom Department

    4 December, 2018 8:04 AM 165

    New Delhi: Reliance Communications Monday said its subsidiary Reliance Realty has furnished corporate guarantee of Rs 1,400 crore to Telecom Department as directed by the Supreme Court, stepping closer towards concluding its spectrum sale to Reliance Jio. The Supreme Court on November 30, had asked the Department of Telecom (DoT) to give a no-objection

  • GST refunds worth Rs 91,149 crores settled, Rs 6,053 crore being processed

    4 December, 2018 7:05 AM 100

    In case of IGST refunds, about 95 percent of the total claims have been disposed. New Delhi: The Finance Ministry has said that GST refund claims worth Rs 91,149 crore has been issued so far to exporters by the Central Board of Indirect Taxes and Customs (CBIC), which are 93.77 per cent of total claims with the tax authorities. “Total GST refunds to the tune of Rs 91,149 crores

  • Gold finds lost sheen, jumps Rs 390; silver soars by Rs 800 per kg

    3 December, 2018 5:58 PM 93

    New Delhi: Offsetting four days of losses, gold prices Monday recovered Rs 390 to close at Rs 31,850 per 10 gram at the bullion market in the national capital on rise in demand from local jewellers amid firm trend overseas. Silver followed suit and shot up by Rs 800 to 37,360 kg on strong demand from industrial units and coin makers. Traders said rise in demand

  • Grab invests $100 million in Indian hotel startup OYO

    3 December, 2018 4:26 PM 136

    Grab, known as the Uber of Southeast Asia, was valued at around $11 billion at its last funding round in August. Singapore-based ride-hailing firm Grab has invested $100 million in Indian hotel-reservations startup OYO, a source with knowledge of the matter told Reuters on Monday. The investment by Grab is part of the $1 billion fund raise OYO announced

  • WhatsApp chief writes to RBI, seeks nod to expand payment services to all users

    2 December, 2018 12:27 PM 122

    New Delhi: WhatsApp Chief has written to the Reserve Bank of India (RBI), seeking a formal nod to expand payments services to all its 200 million users in India. The messaging app, which has drawn fire from the government over spread of fake messages on its platform, continues to wait for a regulatory clearance to launch full-fledged payments operations

  • Bankers threaten nationwide strike on December 26 to protest merger of banks

    1 December, 2018 1:16 PM 376

    The government had in September approved the merger of three public sector lenders - Bank of Baroda, Dena Bank and Vijaya Bank.  NEW DELHI: Bank unions have called for a nationwide strike on December 26 against the proposed merger of Bank of Baroda, Dena Bank and Vijaya Bank. The strike is being organised by the United Forum of Bank Unions (UFBU), an umbrella

  • Upset over meagre valuation, Nashik farmer money orders entire proceeds to Modi

    30 November, 2018 2:42 PM 169

    New Delhi: A farmer from Nashik district has claimed to have got the rate of Rs 150 per quintal for onions, prompting him to send the entire proceed to Prime Minister Narendra Modi via money order. Sanjay Sathe, who hails from Niphad taluka in Nashik district, said his onions got valued at Rs 150 per quintal (100 kg) at the sub-agriculture produce market