Business

Centre Not Considering Cut In Import Duty On Rubber, Says Official

NEW DELHI: The government is not considering any cut in import duty on rubber as of now as the differential between the local and international prices is maintained, a senior official said on Monday. “We have a differential already maintained for the imports that we are getting vis-a-vis the...

Feb 20 · >

ITDC Looking For Business Opportunities, Says MD

NEW DELHI: State-owned India Tourism Development Corporation Ltd is looking for new business opportunities besides strengthening its existing verticals as it seeks to carry forward the momentum of record financial performance of last fiscal, according to its Managing Director M R Synrem. The company which offers hospitality, travel and...

Feb 20 · >

India Tops List For Highest Number Of Passengers At Dubai Airport

DUBAI: India emerged at the top spot for the highest number of passengers flying through the Dubai International Airport, the world’s busiest for international travel, with traffic totalling 11.9 million guests, the airport announced on Monday. According to a statement, the Dubai airport, known as DXB, surpassed not only...

Feb 20 · >

Air India & Tata Advanced Systems To Invest Rs 2,300 Crore In Karnataka

BENGALURU: Tata Group companies Air India and Tata Advanced Systems Limited (TASL) plan to invest Rs 2,300 crore in Karnataka in multiple projects which will provide employment to about 1,650 people, an official statement here on Monday said. Karnataka Chief Minister Siddaramaiah and Large and Medium Industries Minister M...

Feb 20 · >

India Wants Focus On Health Workers And Remittances

NEW DELHI: As trade ministers head to Abu Dhabi for a crucial meeting of WTO next week amid a lack of consensus in key areas, India is seeking to get the over 160 member nations to acknowledge that high cost of remittances are a drain, especially on poor countries,...

Feb 19 · >

India Inc May Go Back To Electoral Trusts

NEW DELHI: Corporate donations to political parties may slow down a bit as a result of the scrapping of the electoral bonds scheme by the Supreme Court, but Indian companies may revert to electoral trusts, lawyers and analysts said. Lawyers said electoral trusts allow companies to maintain an arm’s...

Feb 19 · >

Telecom Sector Revenues May Surge To Rs 2.78 Lakh Crore In FY25

NEW DELHI: India’s telecom sector revenues are expected to surge 63% between FY16 and FY25 despite a broader consolidation that shrank the field from more than 10 private mobile operators to just three. Revenues stood at ₹1.7 lakh crore in FY16 with the sector having more than 10 private...

Feb 19 · >

India To Bet Big On Foreign Capital For Capex Boost

NEW DELHI: The government has begun talks with a host of capital-rich countries to explore ways to route larger portions of their abundant pool of patient capital to India to support the country’s economic growth on a durable basis. The move comes in the backdrop of a moderation of...

Feb 19 · >

Two Multi-Billion Dollar Semiconductor Plants To Come Up In India: MoS IT

NEW DELHI: Two full-fledged semiconductor fabrication plants are going to come up in India very soon entailing multi-billion dollar investment besides several chip assembly and packaging units, Minister of Electronics and IT Rajeev Chandrasekhar said. In an interview with PTI, the minister confirmed that the two projects include a...

Feb 19 · >

India’s Overall Financial Conditions Tightened In January: Crisil Index

MUMBAI: CRISIL’s Financial Conditions Index (FCI) shows India’s overall financial conditions tightened in January compared with December. The FCI fell to 0.5 in January from 0.7 in December. “Liquidity went into deeper deficit, putting upward pressure on short-term rates. Financial conditions were also affected by foreign portfolio investors (FPIs)...

Feb 19 · >
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