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Bhubaneswar
Saturday, November 25, 2017

Business

Petrol & Diesel Prices Hiked

New Delhi : Petrol price was increased on Monday by Rs. 2.19 a litre and diesel price by 98 paise a litre. The increase comes on the back of a steep increase of Rs. 3.07 a litre in petrol price and Rs. 1.90 in diesel price on March 17. Petrol in Delhi will cost Rs 61.87 per litre from Tuesday...

Indian Rupee Sprints To Fresh 1-Mth High Of 64.35 Vs Dollar

Mumbai (PTI): After a brief pause, the Indian rupee on Monday regained momentum to log a fresh one-month high of 64.35 by rising 10 paise on bouts of dollar unwinding by exporters. This is the highest closing for the domestic currency since June 14, when it ended at 64.30. Bearish continuation in the greenback along with heavy unwinding of long dollar positions...

Gold extends gains on global cues, jewellers buying

New Delhi: Riding on strong global cues and increased buying by jewellers at the domestic bullion market, gold today shot up by Rs 225 to Rs 25,840 per ten grammes. Silver followed suit and edged higher by Rs 75 to Rs 33,700 per kg on increased offtake from industrial units and coin makers. Bullion merchants attributed rally in the precious metal to...

Ajay Banga, CEO Mastercard Goes Back to Roots, Visits St. Stephen’s In Delhi University

New Delhi: Ajay Banga's visit to St. Stephen's College three decades after his graduation was a poignant moment; a return to the roots of his alma mater which shaped him into the leader he is today. In a freewheeling chat with his fellow Stephanian Amitabh Kant, CEO, Niti Aayog, Banga touched upon many topics, ranging from his time as a...

WEF 2014: India to create 100 mn jobs in manufacturing, says Sharma

Davos: India is looking to create as many as 100 million skilled jobs in the manufacturing sector by raising its share of GDP to 25 percent from 16 percent, Commerce and Industry Minister Anand Sharma said. Sharma is here for the World Economic Forum (WEF) annual meet where he would also have interactions with top executives of large companies from...

RSP’s New Plate Mill Gets Latest ISO 14001: 2015 Certification

Bhubaneswar(PTI): Rourkela Steel Plant (RSP) today said its New Plate Mill has received the latest ISO 14001: 2015 Environment Management System Certification for the first time along with other departments. Other departments, which were earlier certified to ISO 14001: 2004, have subsequently been re-certified to the new standard, RSP said in a statement. These departments are Sinter Plant-II, Special Plate Plant,...

Troubled Head: Dharmendra Urges Finance Ministry To Bring Petroleum Products Under GST

Hyderabad(PTI): Oil Minister Dharmendra Pradhan said he has requested the Ministry of Finance to bring petroleum products under the ambit of Goods and Services Tax (GST) in the interest of consumers. Justifying the move, he said there has to be a "uniform tax mechanism" all over the country. "This is the proposal of the Ministry of Petroleum. We have appealed to...

Aadhaar ID saving Indian govt about USD 1 bln per annum: WB

Washington: Hailing India's Aadhaar digital ID, the World Bank has said the initiative is estimated to be saving the government about USD 1 billion annually by curbing corruption as it underlined that digital technologies can promote inclusion, efficiency and innovation. "We estimate that this (Aadhaar digital ID) is saving approximately USD 1 billion (Rs 650 crores) a year by reducing corruption...

Odisha Govt May Apply For Geographical Indication Tag On Hand-Woven Ethnic Shawl

Koraput(PTI): The Odisha government was planning to apply for a GI certificate and create a national market for the hand-woven ethnic shawls made by Dongria Kondh, a tribal group of Odisha. Mostly crafted by women for their own use and to present to guests as a mark of respect and affection, the embroidered shawls are entirely handmade. "In view of...

‘Ivanka Trump To Lead American Team For Biz Summit In India’

Washington(PTI): US President Donald Trump's daughter Ivanka Trump, who is also a top White House advisor, will be leading the American contingent at the Global Entrepreneurship Summit in India later this month, the State Department has announced. The Summit in Hyderabad, to be attended by 1,500 entrepreneurs from 170 countries, will be co-hosted by India and the US. The theme...

Nifty Hits Closing Record Above 10k, Sensex At Fresh Peak Too

Mumbai (PTI): Making record a habit of sorts, the Nifty today closed above 10,000 in a first and the Sensex set a fresh life high, powered by unabated capital inflows amid quarterly earnings optimism. Speculators covered their short positions ahead of the July derivatives expiry tomorrow, building up the momentum. FII inflows ensured there is enough liquidity to support the stocks despite...

NITI Aayog Recommends To Induct Pvt. Sector Talent In Central Govt.

New Delhi (PTI): Niti Aayog's recommendation on induction of private sector talent in central government departments through lateral entry is under consideration, Union Minister Jitendra Singh said today. In a written reply to Rajya Sabha, he said the government is always committed to appoint best available talent subject to provisions of rules. Niti Aayog in the three-year action agenda for 2017-2020...

Odisha Approves Investment Proposals Worth Rs 1,325 Crore

Bhubaneswar(PTI): Odisha today approved investment proposals of Rs 1,325 crore from Chettinad Cement Corporation, North Eastern Electric Power Corporation Limited (NEEPCO) and Ramky Enviro Engineers Limited. The three proposals if implemented will create employment opportunity for 665 people. The investment proposals got the nod at the State-level Single Window Clearance Authority (SLSWCA) meeting chaired by chief secretary A P Padhi. With the required...

Indian Banks Most At Risk Among South, S-E Asian Peers: Moody’s Poll

New Delhi (PTI): Indian banks are most at risk in South and South-East (S-E) Asia, and being under-capitalised, they lack sufficient loan provisioning, says a Moody's poll. It said the government has appeared reluctant to increase capital injection into PSU banks despite the limited ability of these lenders to access equity markets for the much-needed capital. Earlier this month, Moody's polled 210...