Business

July 17, 2014 8:56 AM

BMC announces 50% water supply cut to commercial establishments

Despite the heavy rainfall in Mumbai for the past many days, the Brihanmumbai Municipal Corporation (BMC) on Wednesday announced 50 percent cut in water supply to the commercial establishments such as malls, five star hotels, and factories among others. Additional Municipal Commissioner of BMC, Moha...

July 17, 2014 8:46 AM

Chinese delegation discusses rail co-op with Central Rail GM

A visiting Chinese delegation met Central Railway General Manager Sunil Kumar Sood in Mumbai on Tuesday and discussed cooperation in several areas. Stating this, a railway press release said, Zheng Jian, Deputy Administrator of the National Railway Administration of China along with 22 members is on...

July 17, 2014 8:44 AM

IDFC to trim foreign share-holding limit

Infrastructure financing company IDFC has agreed to prune foreign shareholding limit by 1 per cent to 50.50 per cent, as part of plans to progressively trim foreign investorholding to 49 per cent to run banking services. The Reserve Bank of India in a notification issued in Mumbai on Wednesday said ...

July 17, 2014 8:43 AM

Prepare time-bound POA to revitalise sector: MSME Min to KVIC

Micro, Small and Medium Enterprises Minister Kalraj Mishra has asked the Khadi and Village Industries Commission, KVIC to prepare an elaborate time-bound action plan to revitalise the sector.Mr Mishra held a review meeting with KVIC officials in New Delhi for revamping the industries. Mr Mishra stre...

July 16, 2014 3:08 PM

India June exports grow over 10% ; imports up by 8.33 %

India's exports grew by 10.22 per cent to 26.4 billion dollars in June this year as compared to 24 billion dollars in the same month last year. Country's imports stood at 38.24 billion dollars, up by 8.33 per cent in June, leaving a trade deficit of 11.76 billion dollars.According ...

July 16, 2014 2:56 PM

LTAs with foreign uranium suppliers for power supply at plants

India has entered into long-term agreements with foreign suppliers to obtain uranium to ensure uninterrupted power supply for its nuclear power plants. Russia and Kazhakhstan are the main suppliers. Besides, talks are going on to obtain uranium from Australia as well. Minister of State in PMO, Dr. J...

July 16, 2014 2:51 PM

LTAs with foreign uranium suppliers ensures power supply at plants: MoS PMO

India has entered into long-term agreements with foreign suppliers to obtain uranium to ensure uninterrupted power supply for its nuclear power plants. Russia and Kazhakhstan are the main suppliers. Besides, talks are going on to obtain uranium from Australia as well. Minister of State in PMO, Dr. J...

July 16, 2014 2:41 PM

Talks on for Imphal-Mandalay bus service: Mos Ext Affairs

Talks are currently in progress to start a bus service between Imphal in Manipur and Mandalay in Myanmar.The memorandum of understanding on the bus service is being drafted. The protocol on operational modalities are also being discussed with Myanmar. Minister of State for External Affairs V.K. Sing...

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