BUSINESS

The Agricultural and Processed Food Products Export Development Authority (APEDA) under the Ministry of Commerce and Industry facilitates export of its scheduled products through several export promotional activities, such as organizing International Buyer Seller Meets, participation of exporters in leading trade events in the potential importing countries, and product promotion ... Read More »

In the normal sugar season, about 320 LMT of sugar is produced against domestic consumption of 260 LMT.  This 60 LMT of surplus sugar which remains unsold, blocks funds of sugar mills to the tune of about Rs. 19,000 crore every year thereby affecting liquidity positions of sugar mills resulting in ... Read More »

Dharmendra Pradhan, Hon’ble Minister of Petroleum & Natural Gas and Steel, inaugurated the seismic survey campaign of Oil India Limited (OIL), India’s second largest National Exploration & Production Company, at Kakatpur  in Puri District, Odisha in the Mahanadi Basin (Onland). Speaking on the occasion, Minister Pradhan said, “It is a ... Read More »

The provisional payroll data of EPFO has been released on 20th November, 2020. It reveals that EPFO has added 14.90 lakh net subscribers in the month of September, 2020 thereby increasing the subscribers’ base of EPFO by around 30.92 lakh during the first two quarters of current financial year. The data published comprises ... Read More »

Taking the next stride in boosting regional aerial connectivity in India under RCS-UDAN (Regional Connectivity Scheme – Ude Desh Ka Aam Nagrik) of the Government of India, the second direct flight commenced operations today from Hyderabad, Telangana to Nashik, Maharashtra. Chhagan Bhujbal, Guardian Minister, Nashik, Hemant Godse, Member of Parliament, ... Read More »

The Income Tax Department started a search and survey action on 18/11/2020 in the case of a leading cattle feed producer in Northern India. The search and survey actions are being carried out at 16 locations in Kanpur, Gorakhpur, Noida, Delhi and Ludhiana. The main allegations against the group are ... Read More »

Mahindra Lifespace Developers is currently trading at Rs. 284.80, up by 1.45 points or 0.51% from its previous closing of Rs. 283.35 on the BSE. The scrip opened at Rs. 285.80 and has touched a high and low of Rs. 291.50 and Rs. 282.75 respectively. So far 731 shares were ... Read More »

The first direct flight operations from Kalaburagi, Karnataka to Hindon Airport, Ghaziabad, Uttar Pradesh were flagged off today under the RCS-UDAN (Regional Connectivity Scheme – Ude Desh Ka Aam Nagrik). The officials of Ministry of Civil Aviation (MoCA) and Airport Authority of India (AAI) were present at the launch. Commencement ... Read More »

Tata Steel has evinced its interest for acquiring stake in Odisha-based steel maker Neelachal Ispat Nigam (NINL). NINL is a joint venture company, in which four central PSUs — MMTC, National Mineral Development Corporation (NMDC), Bharat Heavy Electricals (BHEL) and MECON — and two Odisha government companies IPICOL and Odisha ... Read More »

The Reserve Bank of India (RBI) has unveiled a draft scheme to amalgamate private sector lender Lakshmi Vilas Bank (LVB) with DBS Bank India (DBIL). The decision followed soon after the RBI imposed a one-month moratorium on the private lender and capped deposit withdrawals at Rs 25,000. Lakshmi Vilas Bank ... Read More »

The Government of Telangana has communicated its acceptance for Option-1 out of the two options suggested by the Ministry of Finance to meet the shortfall in revenue arising out of GST implementation.  The State has now joined 22 other States and 3 Union Territories (Delhi, Jammu & Kashmir and Puducherry) ... Read More »

Indian Railways with the objective of bringing hospital management on a single architecture to prevent pilferage and making operations seamless has entrusted RailTel Corporation of India Limited (“RailTel”) with implementation of hospital management information system (“HMIS”) an integrated clinical information system for its 125 health facilities and 650 polyclinics across ... Read More »

Udaipur.  Airtel Payments Bank today announced that it will offer comprehensive car insurance in association with Bharti AXA General Insurance.  The Smart Drive Private Car Insurance offers financial protection against damage to the vehicle due to accident, theft, and natural & man-made disasters. It also compensates for injury or damages to another person ... Read More »

“NTPC is shaping up well for the future with its diversification plans and as a responsible corporate, NTPC is committed towards environment and the fast growing capacity addition in the renewable portfolio is testimony to the commitment”, said R K Singh, Minister of State (Independent Charge) for Power, New and ... Read More »

In terms of Government of India Notification No.4(4)-B(W&M)/2020 dated October 09, 2020, Sovereign Gold Bonds 2020-21 (Series VIII) will be opened for the period November 09-13, 2020 with Settlement date November 18, 2020. The issue price of the Bond during the subscription period shall be Rs 5,177 (Rupees Five thousand ... Read More »

NTPC Ltd, the PSU under Ministry of Power, has reiterated its commitment to nation building and energizing India ahead of its Raising Day. India’s largest power producer, which commenced its purposeful journey on November 7, 1975 and has made a stellar contribution in lighting every nook and corner of the ... Read More »

With an aim to qualitatively improve the Ease of Doing Business of the IT Industry particularly Business Process Outsourcing (BPO) and IT Enabled Services, the Government has drastically simplified the Other Service Provider(OSP) guidelines of the Department of Telecom. The new guidelines tremendously reduce the compliance burden of the BPO ... Read More »

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the Notification No.99/2020-Customs(N.T.), dated 15th October, 2020 except as respects things done or omitted to be done before such supersession, the Central Board of Indirect Taxes andCustoms hereby determines that ... Read More »

The Government of Rajasthan has communicated its acceptance for Option-1 out of the two options suggested by the Ministry of Finance to meet the shortfall in revenue arising out of GST implementation.  The State has now joined 21 other States and 3 Union Territories (Delhi, Jammu & Kashmir and Puducherry) ... Read More »

Udaipur : Amway India, one of the country’s leading FMCG direct selling companies has embarked on a digital transformation journey. Aligned with some of the biggest global trends, Amway’s multi-year growth strategy includes unleashing entrepreneurship through social commerce – a next- generation trend that will reshape the future of commerce. ... Read More »