Thursday , 24 January 2019
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Railways to recruit over 4 lakh people till 2021, says Goyal

IANS   NEW DELHI The Railways will employ over four lakh people by 2021, Railway Minister Piyush Goyal announced on Wednesday indicating that the recruitment under the 10 per cent quota for economically weaker sections would begin soon. Addressing a press conference here, he said that at present the Railways have a sanctioned strength of 15.06 lakh employees, of which ... Read More »

UK plays down concerns over Brexit as Sony quits HQ

AFP   LONDON The British government on Wednesday played down concerns that Brexit is scaring away businesses after Sony said it was moving its European headquarters to the Netherlands amid a bitter political stalemate in London. With just over two months to go until the scheduled date of Brexit on March 29 and no divorce deal in place, Britain faces ... Read More »

Reliance among top 250 world retailers in 2017: Deloitte

IANS   MUMBAI The global retailing industry saw a record growth in revenue in 2017 with the top 250 companies increasing their revenue by over 83 per cent, according to a latest report by a professional services multinational that said Reliance Retail was the only Indian company in the list. The Deloitte’s “Global Powers of Retailing 2019” said that with ... Read More »

India calls for diaspora role in developing renewable energy sector

IANS VARANASI India on Tuesday called upon its diaspora to play a role in boosting the renewable energy sector, with Minister of State for External Affairs V K Singh calling for suggestions from the participants at the Pravasi Bharatiya Divas (PBD) — the Indian diaspora conclave — on how to develop solar energy. Singh outlined the achievement of the government ... Read More »

India presses China to import more products to reduce trade deficit

K Varma | PTI BEIJING India on Tuesday pressed China to import more Indian goods, especially pharmaceutical and IT products, as top commerce officials of the two countries held talks in Beijing on the widening trade deficit, which last year crossed USD 57 billion. Commerce Secretary Anup Wadhawan also discussed the progress made under Regional Comprehensive Economic Partnership (RCEP) during ... Read More »

Google to make information on political ads on its platform public

PTI NEW DELHI In the run-up to 2019 general elections, tech titan Google on Tuesday said it will make information on political advertisements on its platform public, providing details like who is purchasing election ads and the money spent. “To bring more transparency to the online election ads, Google will introduce an India-specific Political Advertising Transparency Report and searchable Political ... Read More »

Punjab to raise issue of FCI’s declining share in procurement with Centre

PTI CHANDIGARH The Punjab government will raise the issue of FCI’s declining share in foodgrain procurement from the state with the Centre, Chief Minister Amarinder Singh said. Expressing concern over the “gradual withdrawal” of the central procurement agency in foodgrain purchase from the state, Singh said he would ask the Union Food Minister to increase the share of Food Corporation ... Read More »

‘Foundry industry set to double growth rate in 5 years’

IANS   NEW DELHI The Indian foundry industry is set to double its growth rate in the next five years due to opening up of defence, railways and aerospace areas for the private sector, prompting the government to relax foreign direct investment norms, said the Institute of Indian Foundrymen (IIF) on Sunday. In a statement issued at the conclusion of ... Read More »

L&T stock loses 3% before recovery, after SEBI refuses buyback

IANS   MUMBAI Shares of engineering and construction conglomerate Larsen and Toubro (L&T) fell on Monday by over 3 per cent in opening trade following market regulator SEBI’s refusing permission last week for the company’s Rs 9,000 crore share buyback offer. The L&T stock, however, recovered during the day to close flat at Rs 1314.20 a share, down 0.31 per ... Read More »

Automated guided vehicle may cost just `1 lakh

IANS Dehradun Here is good news for the micro small medium enterprise (MSME) sector in India. Under technology innovation, a move is on to bring down the price of automated guided vehicles (AGVs), which are used for moving materials in the industry, from Rs 15-20 lakh to just Rs 1 lakh. IIT Roorkee and Tetrahedron Manufacturing Services (TMS) Pvt Ltd, ... Read More »