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Kashmir issue dent rupee to biggest fall in 6-years

Mumbai: Impact of the US-China trade war along with domestic political factors led the Indian rupee to its biggest fall since September 2013 Monday. Global cues, such as a rise in protectionist measures along with a massive fall in the Chinese Yuan and other emerging markets (EMs) currencies, dented the Indian rupee. Additionally, the abrogation of Article 370 which provided …

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PNB Housing Finance raises Rs 522cr

New Delhi: PNB Housing Finance Limited (PNBHFL) has raised fresh $75 million (Rs 522 crore) via external commercial borrowing (ECB) from Sumitomo Mitsui Banking Corporation (SMBC) Singapore. The company had last month raised $100 million via ECB from the International Finance Corporation (IFC). On Tuesday noon, PNBHFL shares were trading 0.72 per cent higher at Rs 709.80. The ECB is …

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India takes up with Bangladesh on new cross-border waterway

Agartala: The Centre has taken up with the Bangladesh government on the issue of approval of a new waterway between Tripura and Cumilla in the eastern part of that country, a Union Minister said on Monday. Minister of State for Shipping Mansukh Mandaviya in a letter to the Tripura Chief Minister Biplab Kumar Deb said that after taking a view …

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Eco Affairs Secretary to soon hold discussions with FPI representatives: FM

New Delhi: The government on Monday said it will soon hold discussions with representatives of foreign portfolio investors, amid continuing overseas fund outflow from the markets following the decision to impose surcharge on certain class of such investors. Briefing reporters here, Finance Minister Nirmala Sitharaman also said “nothing more” has been done on the proposed issuance of sovereign bonds apart …

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Delhi airport plans expansion to increase annual passenger capacity

New Delhi: The Delhi International Airport Limited (DIAL) is planning a major infrastructure expansion to increase its annual passenger handling capacity from around 75 million to 100 million by 2022, according to an official statement on Monday. The ‘Phase 3A’ infrastructure expansion – which includes construction of fourth runway, expansion of T1 apron area and development of dual elevated Eastern …

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BIZ SCAN

Anil Kapoor is Malabar Gold & Diamonds’ new brand ambassador PANAJI: Malabar Gold & Diamonds, one among the largest global jewellery retailer with 250 showrooms has signed Bollywood icon Anil Kapoor to its star-studded list of brand ambassadors. Anil Kapoor who is known for his versatile and natural acting has appeared in numerous Hollywood, Bollywood movies and television series. His career …

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Tender for elevated station floated in Gujarat

PTI New Delhi The National High Speed Rail Corporation Ltd has floated a tender, the third this year for the ambitious Bullet train project, with bids invited for a maintenance depot and an elevated station in Anand in Gujarat. Mumbai-Ahmedabad high-speed rail project, which is plagued with land acquisition problems, is being implemented by the NHSRCL. With the latest tender, …

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Oversight mechanism for NBFC asset buy scheme to be formed

IANS New Delhi The Finance Ministry on Friday said it will put in place an oversight mechanism for the one-time partial credit guarantee scheme for public sector banks (PSBs) for purchase of high-rated pooled assets of financially sound non-banking finance companies (NBFCs) announced in the Union Budget. “The Department of Financial Services would put in place an oversight mechanism for …

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Railways earned additional 20% revenue during 2017-19

PTI New Delhi The Indian Railways earned an additional 20 per cent revenue in ticket sales through dynamic pricing or flexi-fare during 2017-19, an RTI reply has revealed. Of the Rs 10,072 crore earned by the national transporter in the said period, flexi-fare accounted for Rs 2,217 crore, it said. Flexi-fare is applicable to only 141 of the 13,452 trains …

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Zomato app gets 1-star ratings for being biased

IANS New Delhi A large number of users have started giving Zomato one-star reviews on Google Play Store to voice their disagreement against the food delivery app on how the company is fine if some customers want specifically “Halal” meat. The users claimed that by having the ‘Halal’ option, Zomato is associating religion to food. Reacting to this, Zomato said …

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