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Bhubaneswar
Monday, April 23, 2018

Business

Tata Steel Joda Mine Gets Golden Peacock Innovation Award

Bhubaneswar(PTI): Joda East Iron Mine (JEIM) of Tata Steel has been honoured with the prestigious Golden Peacock Innovation Management Award for the year 2017 for driving innovation in mines. The coveted award, given in recognition of innovation management, was received by Debashis Jena, Chief Joda, Tata Steel at Institute of Directors India's 2nd Global Convention held at Singapore recently, a...

RBI Policy, PMI Data Hold Key To Stock Markets This Week

New Delhi(PTI): Outcome of RBI policy meeting, macroeconomic data points and investment trend of overseas investors will be the prime pointers of direction for the stock market this week, say experts. The markets are closed today for Gandhi Jayanti. "Going ahead, we expect the focus to shift to RBI's policy and upcoming quarterly results and globally, on unwinding of balancesheet by...

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...

Rupee depreciates 21 paise against US currency

The rupee tumbled 21 paise at 66.35 against the dollar in early trade at the Interbank Foreign Exchange market on increased demand for the USD from importers and jump in global crude prices as tensions flared up between Iran and Saudi Arabia. Moreover, dollar surging against other Asian currencies and a lower opening in domestic equities also weighed on the domestic...

Annual Income Of Odisha Farmers Rs 59,712: Survey Report

Bhubaneswar (PTI):  Odisha government today said the per capita annual income of the farmers in the state was Rs 59,712 as per a survey report. Agriculture minister Damodar Rout said this while replying to a written question of BJP MLA Dilip Ray in the assembly. Rout said though there was no formal method to evaluate the farmers income, the figure given...

Governor Jamir Urges Accounting Experts Need To Widen Skill-Sets

Bhubaneswar (PTI): Odisha Governor S C Jamir today called upon accounting professionals to widen their skill-sets to address a growing shortage of skilled man-power in this line of work. "To succeed in today's accounting, finance and audit environments, professionals are expected to have a wider range of skills than ever before," Jamir said, while speaking at an award function of...

US Dollar Ends Cheaper Against Rupee

Mumbai (PTI): The US dollar ended cheaper against the rupee at Rs 64.53/54 per dollar and the pound sterling also finished lower at Rs 83.11/13 per pound at the close of the Interbank Foreign Exchange market today. Following are the Interbank Forex and RBI rates: (In Rs Per Unit) Unit Interbank RBI Reference US Dollar 64.53/54 US Dollar Rs. 64.5405 Pound Sterling...

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...

Sergey Bubka Is International Event Ambassador Of Tata Mumbai Marathon

Mumbai(PTI): Pole vault legend Sergey Bubka was today named as the International Event Ambassador for Tata Mumbai Marathon, to be held on January 21 here. The announcement was made by Procam International, organisers of the marathon. The 54-year-old Ukrainian Bubka is a six-time world champion, an Olympic Gold medallist and a former world record holder for men's pole vault. "I have heard...

Made Errors, Misjudgements, Says Rajat Gupta

New York (PTI): India-born former Goldman Sachs director Rajat Gupta, who served a two-year prison-term on insider trading charges, has admitted that he made "errors and misjudgements" and apologised for letting his friends and fellow IIT associates down. In one of his first public comments on his insider trading conviction after completing his prison term in March last year, Gupta told...

OMFED Goes Online, Products To Be Delivered At Doorstep In Odisha

Bhubaneswar: Good news for OMFED customers in Odisha as their favourite milk products will be now made delivered at their doorstep just at the click of the mouse. The OMFED has inked an MoU with e-commerce Grozip on October 31 for digital marketing of all OMFED products for home delivery to its large number of customers and especially for...

Kamal Haasan Throws His Weight Behind ‘Mersal’

Chennai(PTI): Veteran actor Kamal Haasan today threw his weight behind the makers of Vijay-starrer 'Mersal', asking those opposing the just-released Tamil movie over references to the GST to "counter criticism with logical response". In a Twitter post, Haasan said: "Mersal was certified. Don't re-censor it." "Counter criticism with logical response. Don't silence critics. India will shine when it speaks," he said. Haasan...

”Paid” News: DAVP Bars Newspapers From Getting Govt Advertisements

New Delhi (PTI) The Directorate of Advertising and Visual Publicity (DAVP), the nodal agency for central government's advertisements, has suspended over 20 newspapers from its panel for a two-month period for publishing "paid" news, according to an advisory issued by it. Around 30 more newspapers, which were not on the panel, would also not be allowed to get empanelled during the...

SC agrees to hear SEBI’s plea against Sahara Group on Feb 2

The Supreme Court today agreed to hear on February 2 the plea of market regulator SEBI seeking an interim order with regard to repayment of money by the beleaguered Sahara Group, whose chief Subrata Roy has been in jail since March 2014. "We will hear it at 3.30 pm on February 2," a bench headed by Chief Justice T S...