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Bhubaneswar
Monday, July 24, 2017

Business

Reliance JIO Extends Welcome Offer Till March 31

Mumbai : Industrialist Mukesh Ambani-led Reliance Jio on Thursday announced to extend the freebies including free voice call, and data services till March 31, 2017 through “Jio Happy New Year” offer, a move seen to rapidly double the Jio subscribers to over 100 million from 52 million now. “I want to announce today... that starting 4th of December, 2016, every...

Virat Kohli launches Audi RS6 Avant in Indian car market

Virat Kohli, who serves as a brand ambassador for the German car-maker, is fast becoming a major hit in terms of brand value among cricketers. The Delhi-born batsman is set to become the third Indian cricketer after Sachin Tendulkar and MS Dhoni to be valued at Rs 100 crore in terms of brand endorsements. Test captain Virat Kohli launched the Audi RS6...

Petrol & Diesel Prices Slashed

Petrol cost was today slashed by Rs 1.42 per liter and diesel by Rs 2.01 for a liter, the third decrease in rates this month on worldwide signs. Petrol will cost Rs 61.09 per liter in Delhi from last midnigh, when contrasted with Rs 62.51 a liter at present, said Indian Oil Corp, the country's largest fuel retailer. Similarly, diesel...

Rupee depreciates 20 paise against US currency

The rupee weakened by another 20 paise to trade at 63.97 against the dollar in early trade on appreciation of the American currency against other major currencies globally as the US Federal Reserve prepares to hike rates. Forex dealers said, besides, increased demand for dollar from importers and a lower opening in the domestic equity market, weighed on the local currency. The rupee had plunged...

Naveen Jindal appreciates Make in Odisha initiative of State Government

Bhubaneswar: Visiting the Make in Odisha Conclave being organised by the State Government, Chairman of Jindal Steel & Power Ltd (JSPL) Mr. Naveen Jindal, one of the largest investors in the Odisha,  appreciated the State Government’s initiative for making Odisha an investment-friendly destination. “We have fulfilled the dreams of Shri Biju Patnaik Ji and Shri OP Jindal ji by...

Maruti Suzuki S-Cross launched in India

Maruti Suzuki S-Cross has been launched in India at Rs 8.34 lakh- Rs 13.74 lakh (ex-Delhi). The S-Cross will be sold through Maruti’s new premium Nexa dealerships that have been set up across prime locations in the country. This is Maruti Suzuki’s next attempt at taking on the premium segment after the Kizashi and Grand Vitara failed in India. We drove...

Ratan Tata believe that young Indian entrepreneurs need to be encouraged

“E-commerce is the new trend in Indian commerce. I believe that young Indian entrepreneurs need to be encouraged, and there is need to mentor young talent. This segment is emerging and should be supported,” Mr. Tata said while addressing the 107th Annual General Meeting of the Indian Merchants’ Chamber in Mumbai on Thursday. Eminent business leader Ratan Tata said there...

Jio Extends Free Service with Summer Surprise offer

Mumbai : Last night On March 31, Jio's Happy New Year Offer came to an end. But that is not the only thing that happened Jio. Just hours before the midnight, the time when the Happy New Year ended, Jio made a number of announcements. Reliance chairman Mukesh Ambani in a letter announced Jio's Summer Surprise offer. He also...

India Needs Refinement on Tax & Banking : Arun

NEW DELHI: India will press ahead with tax refinement, repairing the banking system and getting slowed down foundation ventures moving to drive development, union finance minister Arun Jaitley said on Wednesday, however it is not yet prepared to auction its state banks. Asked what his top monetary policy needs were, Jaitley advised a meeting he was resolved to stick...

Sensex Loses Speed, But Still Higher by 116 pts

Mumbai : The market hit a speed bump today as the Sensex traded at 29,514, still up 116 points, propped up by metals, industrials and capital goods amid rising Asian cues. In line with expectations, the Federal Reserve raised the benchmark interest rate by a quarter percentage point, but offered a more dovish outlook for future hikes. Foreign money into Indian...

India approves interest-free loans for cash-strapped sugar mills

India approves interest-free loans for cash-strapped sugar mills
To help the cash-strapped sugar mills for paying nearly 30 percent of the record $3.3 billion, owed to farmers, India has approved interest-free loans for the mills. Many of the owing farmers, are struggling with huge debts as the first country-wide drought in six years looms. India is the world's biggest sugar producer after Brazil. Indian Sugar mills have been lobbying the government for months seeking...

Sugar price drops

Prices of both varieties of sugar, small and medium extended its fall, with medium sugar down by Rs 30 per quintal at the Vashi wholesale market here today due to subdued demand from stockist and retailers on the back of adequate supply position. Medium sugar (M-30) dropped by Rs 30 per quintal to Rs 2,552/2,742 from Monday's closing level of...

Reliance Group on Friday roped in Samsung AMC for strategic alliance

  Top fund house Reliance Capital Asset Management Company roped in the largest Korean asset management firm Samsung AMC for a strategic alliance, which will allow the two companies to manage, market and distribute each other's investment products in India and South Korea. Samsung AMC, which manages assets worth over USD 165.8 billion and part of Samsung Group, is also looking to...

Govt: Losses incurred on every post card and inland letter

Parliament was informed on Wednesday informed that Department of posts incurred a loss of Rs 7.03 per post card and Rs 4.93 on every inland letter in 2013-14. "Losses are being incurred on every post card and inland letter. As per the cost allocated for the year 2013-14, loss on post card and inland letter was Rs 7.03 and Rs 4.93, respectively," minister...