Tuesday , 18 February 2020
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CEAT’s openings in Tamil Nadu with tyre plant

Chennai: Tamil Nadu Chief Minister K  Palaniswami on Wednesday said a petrochemical plant in the state would not only help domestic tyre companies to locally source synthetic rubber but also create jobs. Inaugurating the CEAT Ltd’s Tyre plant near here, Palaniswami said presently tyre companies import synthetic rubber, a crucial raw material. He said a petrochemical project in the state …

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Indian electronics staring at shutdown due to coronavirus

New Delhi: Pankaj Mohindroo, Chairman of Indian Cellular And Electronics Association (ICEA) on Wednesday said that the Indian electronics industry is staring at a shutdown due to the outbreak of the coronavirus in China and its eventual impact on trade. Speaking at an event here, Mohindroo said that although some factories in China have opened, it needs to be seen …

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BIZ SCAN

Tanishq Jewellery pieces for Valentine’s Day  PANAJI: Celebrate love and friendships as you encapsulate your affection for your loved ones this Valentine’s day.  This Valentine’s surprise your mother and express your gratitude with these stunning pair of diamond earrings that is sure to suit her unique style and personality.  Also profess your feelings with ‘A Ring’- if you are searching …

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Titan acquires Hyderabad wearables startup HUG Innovations

IANS Bengaluru Leading Indian diversified watchmaker Titan acquired Hyderabad-based wearable and IoT platform startup HUG Innovations, which has been transformed into Titan’s Hyderabad Development Centre, the company announced on Tuesday. “HUG Innovations has finally sailed to a safe harbor. Titan acquired HUG Innovations. And yes this is a cash positive exit with 100 per cent employee retention with bonus and …

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Budget proposals on DDT, personal tax not to impact MF industry: Templeton

PTI Kolkata The proposed changes in Dividend Distribution Tax (DDT) and the new income tax system announced in the budget will not have any adverse impact on the mutual fund industry that showed resilience and maintained robust growth amid economic headwinds, a senior mutual fund official said. After the Union Budget was presented on February 1, there had been some …

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Economy not in trouble; green shoots visible: FM

PTI New Delhi Finance Minister Nirmala Sitharaman on Tuesday said the economy is not in trouble and green shoots are visible with the country moving towards a US$ 5 trillion economy. Listing initiatives taken by the government, she said, increasing Foreign Direct Investment (FDI), rise in factory output and over Rs 1 lakh crore GST collection in the past three …

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Blood stem cell registration drive at Resort Rio

Resort Rio in conjunction with ANUP and ALPA SHAH foundation organised a massive drive and obtained 701 volunteer donors from Goa registered with DATRI in its first ever five days Blood Stem Cell Registration. Blood Stem Cell Donation, if a match is found, can help save life of a patient suffering from Blood Cancer or someone with Thalassemia. The plight of …

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Banks asked to improve credit appraisal of borrower: RBI

NT NETWORK PANAJI With micro small and medium enterprises (MSMEs) sector assigned a greater role to play in the government’s quest to reach US $ 5 trillion economy, the Reserve Bank of India has asked banks to step up lending to small units.  On Monday, during a meeting with bankers,  NJ Nampoothiri, general manager, RBI, Goa, said that, banks are …

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Steps taken for speedy redressal of EPFO, ESIC complaints

PTI New Delhi The Labour and Employment Ministry on Monday said procedures and policies are being streamlined to ensure speedy redressal of grievances related to EPFO, ESIC and other entities under it. In 2019, there were a total of 9,02,203 complaints on the EPFi Grievance Management System (EPFiGMS) and out of them, 8,38,579 complaints were disposed of, as per official …

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LIC’s modified features with benefits

NT NETWORK Mumbai In order to comply with new IRDAI Regulations, Life Insurance Corporation of India (LIC), India’s largest life insurer has modified the existing products with features such as revised Surrender Value and extension of Revival period from 2 years to 5 years. Further, more optional benefits in the form of riders, option to take claim payments in installments (Settlement Option) …

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