Breaking News

Business

ASSOCHAM suggests tax sops for senior citizens

IANS New Delhi Industry body ASSOCHAM has advocated tax measures to benefit senior citizens in the Union Budget, to be presented on July 5 by Finance Minister Nirmala Sitharaman. The Associated Chambers of Commerce and Industry of India (ASSOCHAM) in its budget memorandum has suggested increase in minimum tax exemption limit for senior citizens (above 60 years) to Rs 7.5 …

Read More »

Increase in cruise tourism calls at MPT during last 5 yrs: MPT chairman

NT NETWORK Vasco The Mormugao Port Trust chairman Dr E Ramesh Kumar has informed that Goa is a citadel for tourism in India and it has its own uniqueness about its natural beauty. He was addressing to the delegates at the ‘Sensitisation Workshop on Cruise Tourism’, organised jointly by MPT under the auspicious of Ministry of Tourism govt of India. …

Read More »

Sensex, Nifty close higher; all eyes on US Fed policy meet

PTI Mumbai Equity benchmarks Sensex and Nifty Tuesday closed in the green on emergence of buying in metal, energy and IT counters, but gains were capped by a caution among investors ahead of the crucial US Federal Reserve meeting. Snapping its four-day losing streak, the 30-share Sensex settled the day at 39,046.34, 0.22 per cent or 85.55 points higher. The …

Read More »

Cognizant agrees to acquire Zenith Technologies

UNI Chennai Cognizant on Tuesday gave its consent to acquire Zenith Technologies, a privately-held life sciences manufacturing technology services company headquartered in Cork, Ireland.  Zenith Technologies specializes in implementing digital technologies to manage, control and optimize drug and medical device production for maximum operational efficiency and regulatory compliance. The acquisition extends Cognizant’s capabilities for designing, implementing and managing end-to-end operational …

Read More »

IIT Madras developing new techniques for methane extraction

IANS Chennai The Indian Institute of Technology Madras (IITM) on Tuesday said its researchers are developing new techniques for extracting methane from natural gas hydrates. In a statement issued here, IITM said promising results from their research have been published recently in leading international journals such as Energy and Fuels and Applied Energy. According to IITM, there has been worldwide …

Read More »

RBI to examine concerns over data localisation rule: Govt

PTI New Delhi The RBI will examine concerns around its strict data localisation rules that require storing of customer data exclusively in India without creating mirror sites overseas, the government said Tuesday. The Reserve Bank of India (RBI) in April last year asked payment firms to ensure their data are stored exclusively on local servers, setting a tight six-month deadline …

Read More »

‘India’s trade outlook fragile due to tension with US’

IANS New Delhi India’s near-term trade outlook is fragile as its retaliatory tariffs on US products come amid a global slowdown, a report said. Trade deficit remained elevated in AMay and widened to $15.36 billion from $15.33 billion in April and a comparable $14.62 billion the same month last year. “The near term outlook for trade looks fragile with President …

Read More »

Lenders to take Jet Airways to NCLT, revival hope gets bleaker

IANS New Delhi The future of the grounded Jet Airways just got a shade bleaker on Monday with the lenders, led by State Bank of India (SBI), deciding to initiate bankruptcy proceedings against the airline after all attempts to rope in a buyer failed. As revival hopes faded, investors dumped the airline’s shares. Jet’s stock closed 16.76 per cent or …

Read More »

Budget: new power projects may get investment-linked deductions

IANS New Delhi To boost power sector investments, the government is considering a proposal to include power generating units in the list of infrastructure projects that qualify for getting investment-linked deductions, official sources said on Monday. The move is expected to bring investments into a sector considered crucial for economic growth. Money flows into greenfield power projects have dried out …

Read More »

Pune firm develops solar-powered irrigation system

IANS Pune To solve water crisis for farmers throughout the varied climate conditions in India, Pune-based company Khethworks has developed solar-powered irrigation system. The irrigation system is intended to make farmers independent of seasonal rains or expensive fuel along with reducing carbon dioxide emissions and improving food security by developing solar pumps. “We enable year-round irrigation, cultivation and income generation …

Read More »