Jet fuel price hiked by 6%; LPG costlier by Rs 1.50 per cylinder

Aviation turbine fuel (ATF) price was today hiked by six per cent on firming international rates. ATF will now cost 53 thousand 45 rupees per kilolitre in Delhi. Earlier, the price was 50 thousand 20 rupees per Kilolitre. This is the third consecutive monthly hike in Jet fuel price.The cooking gas (...

Indian entrepreneur wins UK business award for innovative IT solutions

A Ghana-based Indian entrepreneur has won a prestigious business award in the UK for his efforts to bring innovative IT solutions to Africa. Birendra Sasmal, CEO of Subah, bagged the International Business Person of the Year at the Asian Achievers Awards in London for turning the company into a thri...

Honda to start mass recall in China over Takata airbags

Japanese carmaker, Honda will recall more than 245,000 vehicles in China over concerns about airbags made by Japanese giant Takata. China's top consumer watchdog said today said Honda and its Chinese joint venture partner Guangqi Honda will start withdrawing vehicles fitted with the potenti...

India's holdings of American govt securities touch $135.7b

India has sharply increased its exposure to US government securities with holdings worth 135.7 billion US dollars at the end of July. According to the latest data from the US Treasury Department, India has increased its purchase of American government securities and the country is the third largest ...

Govt extends deadline for selling pre GST packaged old stock by three months to Dec 31

Government has extended the deadline to sell pre-GST goods by three months till 31st of December this year. In a tweet, Consumer Affairs and Food Minister Ram Vilas Paswan said, on the packaged commodities, Industry can display revised MRP due to GST implementation using sticker, stamping and online...

Govt to exempt small exporters from furnishing bank guarantee for shipping goods & services

Government has decided to exempt small exporters from furnishing bank guarantee for shipping goods and services. In a statement, Finance Ministry said that to facilitate exports under GST, it has been decided that the facility of furnishing Letter of Undertaking, in place of a bond, for exporting go...

EESL to procure 10,000 electric vehicles from Tata Motors

NHAIs projects to generate around 50 cr man-days employment over next 4 years

Government has said that National Highways Authority of India projects will generate around 50 Crore man-days employment over next four years. This will be nearly 12.5 crore man-days yearly from 2018 to 2022. Transport Ministry in a release said, of this, about one crore will be professional man-day...

Sensex ends with nominal gain of 1 point

The Sensex at the Bombay Stock Exchange ended with a nominal gain of 1 point, at 31,284, today. The Nifty at the National Stock Exchange rose 20 points, or 0.2 percent, to 9,789.

US STOCKS-Wall St edges up on healthcare, tax plan hopes