Tuesday , 19 February 2019
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Business

Iran 2nd largest oil supplier to oil PSUs in April-June: Pradhan

PTI   NEW DELHI Iran overtook Saudi Arabia to be the second largest supplier of crude oil to Indian public sector firms during the first three months of current fiscal, Oil Minister Dharmendra Pradhan said Monday. Indian PSUs, which last fiscal cut oil imports from Iran by a quarter, bought 5.67 million tonnes of crude oil from the Persian Gulf ... Read More »

India, B’desh to set up 6 more border haats

IANS AGARTALA To improve the livelihood of people on the border, India and Bangladesh will set up six more “border haats” (markets) in addition to the existing four, a top official said here on Monday after a series of official-level meetings. A 13-member Indian delegation led by Commerce Ministry’s Joint Secretary Bhupinder Singh Bhalla and an eight-member team of Bangladesh ... Read More »

India most attractive destination for global investors: Rajnath

IANS   NEW DELHI India has become the most attractive destination for global investors and its GDP growth has moved much ahead of the inflation rate, Union Home Minister Rajnath Singh said on Monday. Speaking at a meeting of the Confederation of All India Traders (CAIT) here, he admitted that there were some problems with demonetisation and the implementation of ... Read More »

Digitisation offers $39 bn export opportunities for firms by 2022

IANS   NEW DELHI Rising digitisation will unlock a potential $39 billion worth of export opportunities for Indian businesses in select verticals by 2022 — up from $16 billion in 2017, a Google-KPMG report said on Thursday. The verticals that provides high-potential export opportunities are travel, media and entertainment, Software-as-a Service (SaaS), consumer brands and real estate, said the report ... Read More »

ECONOMIC SCAN

Manipal Hospital trains police on life support PANAJI: Manipal Hospitals Goa celebrated the successful completion of 2nd phase of training to Goa Police personnel who attended the basic life support classes conducted at the hospital. Over 1,200 Goa Police personnel attended 2,400 hours of training imparted by the dedicated team of doctors. Participation certificates were given to the attendees in ... Read More »

Piaggio launches India Vespa tours

NT NETWORK   PANAJI Piaggio India, flagged the first edition of ‘India Vespa Tours’ on Thursday, a concept aimed at expanding market presence of the company’s two-wheeler brands and promoting local tourism. “The guided tours will enable riders to experience Vespa scooter and visit scenic and unexplored locations in the state,” said Ashish Yakhmi, head of two-wheeler business, Piaggio Vehicles ... Read More »

Ahead of China, India to remain fastest growing economy: ADB

PTI   NEW DELHI India will continue to be the fastest growing major economy, ahead of China, with 7.3 per cent growth rate in 2018-19 and 7.6 per cent in 2019-20, the Asian Development Bank (ADB) said Thursday. The growth in India will be driven by increased public spending, higher capacity utilisation rate and uptick in private investment, said its ... Read More »

Parliament nod to bill for merger of subsidiary banks with RBI

IANS   NEW DELHI Parliament has approved the bill to merge six subsidiary banks with the State Bank of India (SBI) with the Rajya Sabha on Wednesday clearing the State Banks (Repeal and Amendment) Bill, 2017. The bill repeals the State Bank of India (Subsidiary Banks) Act, 1959, and State Bank of Hyderabad Act, 1956 besides amending the State Bank ... Read More »

Goa Carbon net profit surges to Rs 7.45 cr

NT NETWORK   PANAJI The Board of Directors of Goa Carbon Ltd (GCL) approved the unaudited financial results for the first quarter ended June 30, on Tuesday. A Dempo group company, GCL is the second largest manufacturer of Calcined Petroleum Coke (CPC) in the country. The chairman GCL Shrinivas Dempo said, “With the growing demand for aluminum and steel in ... Read More »

Andores Resort and Spa launched at Calangute

NT NETWORK   PANAJI Andores Resort and Spa, Calangute, a new 25-room property, made an official launch on Wednesday in the state’s tourist belt of North Goa. The boutique hotel was opened in May 2018 and is located 300 meters from Calangute. Edgar Afonso, owner and managing director, Andores Resort said, “The hotel is getting good response from guests in ... Read More »