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Business
Call Drop Penalty norms fraught with glitches: Analysts
New Delhi, Oct 21: The Indian telecom watchdog's decision to penalise mobile phone service providers for call drops is fraught with glitches as it ignores issues like technical hurdles in assigning reasons, poor spectrum policy and…
Reliance Capital to acquire Goldman Sachs’ Indian Funds Arm
Mumbai, Oct 21: Reliance Capital, a part of the Anil Ambani-led group, on Wednesday said it is acquiring Goldman Sachs Asset Management’s onshore business in India like mutual funds and exchange-traded funds for Rs.243 crore ($37.5 million)…
US lauds India’s commitment to Climate and Clean Energy
Washington, Oct 21: Acknowledging a major positive shift in the trajectory of US-India relations, US officials have appreciated India's efforts to promote new and renewable energy sources and India's commitment towards the climate and clean…
India, Russia take forward ‘Druzhba-Dosti’ Vision
Moscow, Oct 21: India and Russia took forward their time-tested friendship and their "Druzhba-Dosti" vision as External Affairs Minister Sushma Swaraj on tuesday co-chaired a crucial inter-governmental commission meeting with Russian Deputy…
Japan posts 114.5 bn yen Trade Deficit
Tokyo, Oct 21: The Japanese finance ministry said on Wednesday that the country's goods trade deficit in September stayed at 114.5 billion yen (about $955 million).
The ministry said in a preliminary report that, on a customs-cleared…
Business Delegation from Germany’s Hesse to visit India in Nov
Frankfurt, Oct 21: Germany's Hesse province Economics Minister Tarek Al-Wazir will be visiting India next month with a business delegation of more than 30 German companies, India's consulate general here said on Tuesday.
"Hessian…
AirAsia India increases frequency to Guwahati, Panaji
New Delhi, Oct 21: Low-cost airline AirAsia India announced it was increasing its frequency of its Delhi-Goa and Delhi-Guwahati services from November 17.
The new ramped-up frequency entails three daily flights on the Delhi-Goa sector…
Tata Steel Europe to mothball British Units, cut 1,200 Jobs
Kolkata, Oct 20: Tata Steel Europe - the continent's second-largest steelmaker - on Tuesday announced proposals to stop production of steel plate in British plants, resulting in a loss of around 1,200 jobs.
Around 900 jobs in Scunthorpe…
Services spared from Extra Tax during GST Transition
New Delhi, Oct 20: The government on Tuesday said that the services sector will not be charged extra tax levied during the transitional period of the implementation of the goods and services tax (GST).
According to Rashmi Varma, special…
Caution over Q2 dents markets; BSE Sensex down 86 Points
Mumbai, Oct 20: Caution over quarterly results coupled with profit bookings subdued Indian equity markets on Tuesday and led to a barometer index provisionally closing lower by 86 points or 0.31 percent. Initially, both the bellwether…