Business

Language: 
English

US impose taxes on Indian steel and Aluminium- India to seek legal remedy at WTO.

The US has imposed an additional tax on Indian steel and aluminum, India would file a trade-dispute with WTO against the U.S if it fails to grant exemption on the metals.

"India has no other choice to seek exemption citing discrimination by the U.S if they refuse to grant the exemptions", stated by the Indian representatives at New Delhi. The Indian government has submitted a proposal to the U.S government which is pending in the court.

Investment Friendly India- 'Uber' makes long term investment plans.

"India is absolutely core market, now, in near future and next decade, Uber's success is hardcoded to India's success. We are doubling down on our investments in India like never before", Barney Harford, Chief Operating Officer 'Uber', who is on a visit to India.

'Uber' services have established their network in most of the Indian Cities, India is one of the top three markets for Uber in the world. 

"Indian Domestic air traffic up by 28%", says DGCA.

Indian Domestic air traffic carried 9.04 million passengers in 2016-17, it went up by 28 percent taking the passengers movement to 11.5 million in 2017-18, according to the data by Director General of Civil Aviation, New Delhi.

The overall growth in the air traffic by 28 percent is the reflection of affordability and connectivity throughout length and breadth of India by  and for the domestic passengers, which was unseen during earlier years. One of the reasons for the spurt of domestic tourism is the change of mindset of people intend to travel to new tourism destinations.

Surging demand for UV driving Cars in India: sales at a record.

Surging demand for UV driving Cars in India: sales at a record.

The demand for the Utility Vehicles like passenger cars increased nearly into 21% to more than 9.21 lakh units during March & April. According to the data released by the Society of Indian Automobile Manufacturers (SIAM), this growth of domestic passenger vehicles cumulatively stood at 32.87 lakhs during the last year.

Capstocks on April 11th 2018

Yesterday nifty opened on a positive note and showed a consolidated trade throughout the trading. In the opening hour, nifty showed a gap up open around 10400 zones and closed flat. The open interest over 10400 PE has been increased with an eventual increase in open interest over 10500 CE. This is an indication that the Nifty would be in a range of 100 points in the forthcoming days of trading. At the closing bell, the BSE Sensex stood higher by 92 points (up 0.3%) and the NSE Nifty closed up by 23 points (up 0.2%).

3.5 million sold-Maruthi Suzuki Alto

India's Maruthi Suzuki Alto cars sold have exceeded the landmark 3.5 million, making it the most popular car among the middle-class Indians. Its modern design, cost of the vehicle and good mileage, make it the most popular car for 14 consecutive years.

It has two versions Maruthi 800 and K-10 version in 2014. AGS or auto gear shift with two pedals system became a hit among the middle-aged. Hatchback models of Suzuki have remained popular and affordable since its inception in 2000.

...too is busy in business to CBI summons, Nirav Modi

"I am too busy with my business," says Nirav Modi to the summons issued by the Central Bureau of Investigation. The audacity of the person to the summons in his reply gives enough hint of long drawn battle to bring him to books by the Indian government.

CBI had sent the summons through emails to Nirav Modi.In reply he has not even mentioned the country he is in and doing business, simply a vague reply he is too busy with his business abroad, hence unable to join the investigation team.

Fugitive Economic Offenders Bill- against fleeing fugitives

Central Cabinet is to bring a farmore stringent law against the economic offenders fleeing the country without repaying the huge loans taken by them.

This bill is conceived after Nirav Modi and Mehul Choksi, their companies cheated Rs.12,622 crores, fleeing the country without repayment of the loan made the government wake up.

World stocks near three-week highs ahead of new Fed chief's debut

  World stocks held near three-week highs on Tuesday, helped by a decline in borrowing costs ahead of Federal Reserve Chairman Jerome Powell’s first testimony before the United States Congress later in the day.

The German share price index, the DAX board, is seen at the stock exchange in Frankfurt, Germany, February 26, 2018. REUTERS/Staff/Remote

Fix operational gaps in 15 days - Central Government advises State Banks

 Union Finance Ministry on Tuesday advised the state banks to take preventive measures against the operational and technical risks within 15-days, against operational and technical risks, following a Rs.20,000 crores fraud at the second-biggest state lender of the country Panjab National Bank.

Rajeev Kumar, the secretary in the department of financial services, said in a tweet that state banks have 15 days to “take preventive measures, create checks and balances and pinpoint weak gaps to escape, deal with increasing operational and technical lacunas.

 

 

 

Bill Gates 2nd Richest in the world-Total net worth $89.9B

 

It might come as a surprise that Bill Gates, who has dominated "world's richest" lists for well over a decade and usually tops the index at number one, is currently in second place. But note that he's neck-and-neck with Jeff Bezos, so depending on the day and the stock market, he still toggles between #1 and #2.

Gold Deposits in Rajastan - 11.80 million tonnes

The land of sand-Rajasthan has gold deposits around 11.80 crore tonnes for exploration in Banswara and Udaipur said Kutamba Rao, the Director General of Geological Survey of India.

He added that deposits of copper and gold are found just 300 feet below the earth from the earth, exploration is on in areas like Neem Ka Thana in Sikar District, while 80 million tonnes of copper has already been recovered in Rajasthan so far.

Scientists have found after survey, 350 million tonnes of lead and zinc deposits too are found in these places, makes exploration worthwhile. 

600 Buses are Off the roads- sky rocketing fuel price

The fuel hike has been in the news for long, 600 private buses in Mallapuram District, in Northern Kerala, have stopped plying, the reason being none other than the steep hike in fuel prices.

Operating costs are consistently increasing day by day, Diesel for the buses costing more from Rs.55 to Rs.70 in the past 24 months has become a burden to the owners.

Asian shares tumble after Dow has worst day since 2011

 

 Shares tumbled in Asia on Tuesday after a wild day for U.S. markets that resulted in the biggest drop in the Dow Jones industrial average in six and a half years.

Japan’s Nikkei 225 index skidded 7.1 percent to 21,087.71 by early Tuesday afternoon but was trading down 6.6 percent a bit later. Hong Kong’s Hang Seng index lost 5.0 percent to 30,628.22 and Australia’s benchmark S&P ASX 200 slid 3.4 percent to 5,820.20. South Korea’s Kospi declined 2.4 percent to 2,431.88 and the Shanghai Composite index was off 2.2 percent at 3,412.55.

Air India to be Privatised by December 2018

Air India - shall become private airliner by the end of 2018 said Jayant Sinha, Union Minister. The central government's own airliner carrier has always been on the headlines for the loss it is making year after year, delay in the flight-schedule is now finally going to go private leaving a legacy of fly-by-Maharaja Air-India to History.

Union government shall call for tenders  sell  Air-India, 51 percent will be with the private buyers as an investment, thereby will have a say in the operations.

Narendra Modi Address World Economic Fourm at Davos

The Indian Prime Minister Narendra Modi, the first Premier after 1997  to address the 48th World Economic Forum at  Davos.

Global warming and relative climate change, its repercussions on the mankind have become dangerous.Equally dangerous is the Terrorism which has created a fear psyco on the innocent peace loving people. Terrorism has no good or bad side of it, it has only one side which is mass destruction of innocent people.

"I do not want to elaborate on terrorism, my country's stand is very clear"unquote, made the world know.

UIDAI - You Ought to Know clearly

Frequently asked questions

UIDAI has all my data including biometrics, bank account, PAN etc. will it track my activities?

Absolutely false. UIDAI database has only minimal information that you give at the time of enrolment or upgradation. This includes:

Your name, address, gender, date of birth

Ten fingerprints, teo IRIS scans, facial photograph

Mobile number & email ID

 

Jasmine shoots to Rs.6000 per kilogram

Inevitable Jasmine flower in Hindu marriages,s decoration of deities in temples shall get the pinch too painful, as the rates have touched a new high ofRs. 6000-mark per kilogram. Thovalam in Tamilnadu, 85 kilometers from Thiruvananthapuram is the main center for production and sales of flowers to southern districts of Kerala, they decide the selling rates according to the demand and supply.

Pages

Subscribe to RSS - Business