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28 April, 2017 5:50 PM Industry not doing its bit in creating jobs: NITI Aayog Vice-Chairman Arvind Panagariya

NEW DELHI: Turning the tables on India Inc, NITI Aayog Vice-Chairman Arvind Panagariya today said the industry is not discharging its responsibility of creating jobs. "What is industry doing for job creation? Government makes policies ... I don't see single industrialist starting a factory to produce apparel. "Why China exports $175 billion worth apparel 56

28 April, 2017 3:48 PM CPI tells CPI(M) not to raise Congress bogey

Says party is for a broad alliance against communalism and fascism CPI State secretary Kanam Rajendran has asked the CPI(M) leadership not to threaten it raising the ‘Congress bogey’. “We are talking about a broad alliance against communalism and fascism and not about any electoral tie-up. Those who criticise us are those who had allied with the Congress 74

28 April, 2017 1:09 PM Tata Steel to raise Jamshedpur plant capacity to 11 million tonnes

Tata Steel has secured green clearance to increase production capacity of its Jamshedpur facility to 11 million tonnes and the work is in progress. “In Jamshedpur, we have already got an environmental clearance to go to 11 million tonnes, but that has to be done through debottlenecking and that work is going on,” Tata Steel MD T V Narendran told PTI. “We already 112

28 April, 2017 9:46 AM Union Bank of India gains 7% on approval of capital raising for FY18

The company in its meeting held on April 28, approved to raise total capital funds up to Rs 6350 crore during FY2017-18. Shares of Union Bank of India surged 7.6 percent intraday Friday as the company approved capital raising plan for FY2018. The company in its meeting held on April 28, approved to raise total capital funds up to Rs 6350 crore during 149

28 April, 2017 7:22 AM Paytm Parent One97 Set To Raise Over $1.8 Billion From SoftBank: Report

One97 Communications, owner of electronics payments provider Paytm, is set to raise more than Rs 12,000 crore ($1.87 billion) from Japan's SoftBank Group, the Economic Times reported on Friday citing sources. The deal will value Noida-based One97 at about $9 billion and provide a 20 per cent stake to SoftBank, the report said. SoftBank declined to comment 45

28 April, 2017 7:11 AM Reliance Infra likely to file InvIT papers with SEBI soon, gains 3.5% in trade

Reliance Infrastructure share price gained 3.5 percent intraday Friday as sources told CNBC-TV18 that the Anil Dhirubhai Ambani Group company is likely to file InvIT IPO papers with SEBI shortly. The company is looking to raise around Rs 2,500 crore through Infrastructure Investment Trust listing. Sources said Reliance Infrastructure has revised the proposal 51

28 April, 2017 6:13 AM GST to push Indian growth to over eight per cent: IMF

WASHINGTON: The ambitious Goods and Services Tax to be implemented from July 1 would help raise India's medium-term growth to above eight per cent, the International Monetary Fund has said adding that the reforms being done is expected to pay off in terms of higher growth in the future. "The government has made significant progress on important economic 35

28 April, 2017 6:12 AM No plans to list life insurance co currently; industry to grow by 15%: Kotak Bank

Kotak Mahindra Bank has bought Old Mutual Fund's 26 percent in Kotak Mahindra Old Mutual Life Insurance and the sale has ended Old Mutual's joint venture with Kotak Mahindra Bank. Gaurang Shah, President-Asset Management, Insurance & International Business at Kotak Mahindra Bank said the reason for buying the stake was their optimism for the whole sector 31

28 April, 2017 5:32 AM Indian tycoon’s meeting with Nawaz sparks speculations

Reports said a three-member Indian delegation had a lunch with Nawaz Sharif in Murree. Reportedly, a message of Indian Prime Minister Narendra Modi was conveyed to him. Opposition parties, including Pakistan People’s Party and Pakistan Tehreek-e-Insaf, attacked the PM over the ‘secret’ meeting which comes as efforts are being made to ensure a meeting 154

27 April, 2017 10:24 AM SC warns Subrata Roy: Pay Rs 1,500 cr by June 15, or go to jail

Apex court warns Roy he will be sent back to Tihar if cheque is dishonoured Sahara chief Subrata Roy today said in Supreme Court that he would pay Rs 1,500 crore in the SEBI-Sahara account on or before June 15, 2017. However, the apex court warned Roy of dire consequences if the cheque was dishonoured. The warrant was also quashed on an assurance from Roy that he will appear 83