Friday , 16 November 2018
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Working to take GDP to $5 tn by 2022: Modi

NEW DELHI: The size of the Indian economy will double to $5 trillion by 2022 with manufacturing and agriculture contributing $1 trillion each, and the various states are competing with each other to help achieve this goal, Prime Minister Narendra Modi said on Thursday. Please like & share: Read More »

Waste management: MPT conducts awareness programme

VASCO: As part of the ‘Swachchta Hi Seva Campaign- 2018’ which is commenced on September 15, the Mormugao Port Trust (MPT) conducted an awareness programme for its employees on the management of waste and composting of biodegradable waste generated at home and in residential colonies as well as port run canteens on Thursday. The programme was coordinated by the Medical department, ... Read More »

ITC Hotels acquires Park Hyatt, Goa

NT NETWORK   PANAJI ITC Hotels, on Wednesday announced the successful acquisition of Park Hyatt Goa Resort and Spa, Cansaulim. The acquisition for Rs 541 crore is a part of an auction held by Industrial Finance Corporation of India (IFCI) in 2015, and upheld by the Supreme Court in its March 19 judgement, said a company release. The 252 room, ... Read More »

ECONOMIC SCAN

Dinesh Engineers IPO opens on September 28 MUMBAI: Dinesh Engineers Limited, a passive communication infrastructure provider company in India will be launching its initial public offering (IPO) which is scheduled to open on September 28, and close on October 3, with a price band of Rs 183 – Rs 185 per equity share of face value of Rs10 each of the ... Read More »

RBI relaxes ECB norms to prop up rupee

IANS   MUMBAI The Reserve Bank of India (RBI) on Thursday liberalised some aspects of the external commercial borrowings (ECBs) policy including those related to rupee-denominated bonds to help check rupee depreciation. “It has been decided to allow eligible ECB borrowers who are into manufacturing sector to raise ECB up to $50 million or its equivalent with minimum average maturity ... Read More »

Nikon brings 2 full-frame mirrorless cameras to India

IANS   NEW DELHI Japanese imaging giant Nikon on Wednesday brought its Z7 and Z6 full-frame mirrorless cameras to India that will give new wings to professional photographers in the country. The company also launched three “NIKKOR Z” lenses with a new larger-diametre mount in the country. Nikon Z7, that will cost Rs 2,69,950, will be available in the country ... Read More »

IMF says ‘real’ depreciation of rupee only 6-7%

WASHINGTON: The Indian rupee has ‘effectively’ depreciated only 6-7 per cent this year after adjusting it to inflation, almost half of the actual drop in the value of the currency this year, the International Monetary Fund (IMF) said. Please like & share: Read More »