Business

EEPC India opens Tech Centre in Bengaluru

June 23: The Engineering Export Promotion Council of India (EEPC India), the apex organisation of the country’s engineering exporters

Government to promote energy efficient buildings

June 23: The Centre aims to save Rs 35,000 crore worth energy per annum by 2030 after adopting energy saving methods in all existing and new government as well as commercial buildings in the country.

Indian IT not H-1B dependent, says Sikka

June 23: Infosys CEO Vishal Sikka has refuted the general impression that the Indian IT industry is overly dependent on H-1B visas for its business mode.

Govt to take a call on AI selloff in six months: Panagariya

June 23: The government is expected to take some action on privatising state-owned airline Air India in the next six months, a top official told a private news channel on Thursday.

’Misconceptions about Indian IT cos must be countered’

June 23: Ahead of Prime Minister Narendra Modi’s meeting with US President Donald Trump, the country’s IT companies are of the view that the “misconceptions” about their businesses in the US must be “strongly countered”.

Mini segment sales spur Maruti growth

June 23: Maruti Suzuki India (MSI), which heralded a ‘car culture’ of sorts in the country with its legendary small car offerings, continues to gain immense market share thanks to its push in the mini segment.

Chai Point to foray into loose leaf tea market next month

June 23: An omni-channel tea servicing brand Chai Point, owned by Mountain Trail Foods Pvt Ltd, is all set to launch its own brand in loose leaf tea in July.

Nasscom sees IT export growth slowing

June 23: India’s software exports are expected to grow 7-8% in 2017-18 as against 8.6% last year, according to IT industry lobby group National Association of Software and Services Companies (Nasscom).

No power tariff hike post GST, says Goyal

June 23: Power tariff will not go up in the country post GST, Union Power and Coal Minister Piyush Goyal said on Thursday.

Sensex gets a buying lift, edges up 75 points

June 23: The Sensex climbed 75 points to 31,365 at the start today, aided by fresh domestic and foreign buying amid mixed Asian pointers.

3 LeT militants killed in overnight Pulwama encounter

June 22: Three Lashkar-e-Toiba militants (LeT) were killed in an overnight encounter with security forces in Kakapora area of south Kashmir’s Pulwama district on Thursday.

Mexican sail ship in Mumbai

June 22: The Mexico Navy Ship ARM Cuauhtemoc is currently visiting Mumbai. She is commanded by Captain Rafael Antonio Lagunes Arteaga and has a complement of 184 personnel (40 officers, 13 petty officers and 131 sailors).

Kerala: Farmer commits suicide in Village Office

June 22: A farmer was found dead outside a village office in Kozhikode district on Wednesday night, triggering allegations by his family that he committed suicide due to harassment by staff at the village office.

Countdown for launch of PSLV-C38 begins

June 22: The Indian Space Research Organisation (ISRO) is all set to launch PSLV rocket carrying Cartosat2 series with the 28-hour countdown process for the takeoff started on Thursday morning.

Those who celebrated Pak’s win should go and live there: Rizvi

June 22: Those who celebrated Pakistan team’s victory in the recently concluded ICC Champions trophy final should go and live there, National Commission for Minorities (NCM) chairman Gairul Hasan Rizvi has said.

Panneerselvam faction of AIADMK to support NDA nominee

June 22: A day after AIADMK faction led by chief minister Edappadi K Palaniswami extended support to the NDA’s presidential nominee Ram Nath Kovind

GJM bandh enters eight day

June 22: Ambulance services were hit and TV cable connections snapped in some areas as the GJM- sponsored indefinite shutdown in Darjeeling hills entered the eight day today.

Misbehaviour with woman passenger: Uber removes driver

June 22: Cab aggregator Uber today said the company has removed from service the driver, who had allegedly misbehaved with a woman IT professional at Technopark here.

5 farmers, cops injured during protest near Mumbai

June 22: At least five farmers and policemen were injured when a protest turn violent at Kalyan Nevali, nearly 60 km from Mumbai.

A midnight event at Parliament’s Central Hall will herald the birth of GST

June 21: The historic Central Hall of Parliament will witness a special event at the stroke of midnight on June 30 when India’s biggest tax reform - the Goods and Services Tax (GST) will be launched converting the country into a unified market.

Indian startup develops ’smart’ wearables to boost fitness

June 21: An Indian start-up has developed a range of fitness wearables, such as ’smart’ shoes and bands, integrated with a first-of-its-kind artificial intelligence (AI)

Domestic airlines shows 17 percent growth in number of passengers

June 21: Indian domestic airlines for the first time carried over one crore passengers in a month in May as the number of fliers rose by over 17% this year so far.

Sensex surrenders record gains on GST blues, mixed global cues

June 21: The BSE Sensex slipped from record highs to close down by over 14 points today on profit booking in recent gainers as investors turned cautious apprehending early glitches in GST rollout amid mixed global cues.

India ratifies TIR, to boost trade

June 21: India has become the 71st country to ratify the United Nations TIR Convention.

Raymond sets up facility in Ethiopia

June 21: Textile major Raymond, through its wholly-owned subsidiary Silver Spark Apparel Ethiopia, on Tuesday commissioned its greenfield garment manufacturing facility in Ethiopia.

’Housing credit growth slows to 16% in FY17’

June 21: Total housing credit growth moderated to 16% in the financial year 2016-17 due to lack of new project launches and as investors deferred their home purchase decisions, according to rating agency Icra.

RBI to hold rates in near term: D&B

June 21: The Reserve Bank is likely to keep key policy rates “unaltered” in the near term as prices of goods and services are expected to be volatile post GST and favourable inflation base effect wanes out, says a report.

Midnight event to usher in GST

June 21: The historic Central Hall in Parliament will witness a special midnight event on June 30 to roll out India’s biggest tax reform---the Goods and Services Tax (GST).

Sensex makes a shaky start as oil heads down

June 21: The Sensex took off on a bumpy note -- in step with Asia -- by stumbling 63 points today as oil prices took a big beating on concerns of oversupply.

Absence of e-way system under GST will not impede movt of goods: official

June 20: After the goods and services tax (GST) roll out, movement of goods will not be impeded even if the e-way system is not placed, a senior finance ministry official said Monday.

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