Wednesday , 26 September 2018
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Business

Manufacturing sector pushes Q3 GDP to over 7%

IANS   NEW DELHI A pick-up in the country’s manufacturing, construction and agriculture sectors accelerated India’s third quarter 2017-18 GDP growth to 7.2 per cent from a rise of 6.5 per cent achieved in the second quarter, official data showed here on Wednesday. According to the second advance estimates of national income at constant (2011-12) and current prices for the ... Read More »

Are corrective measures adequate?

D M Deshpande In the aftermath of arguably the biggest bank fraud in PNB, there is now a flurry of activities. Last week, RBI, the banking regulator directed all the banks to link their SWIFT messaging network to Core Banking Solutions before April 30 this year. Why it had to wait for the scam to happen to take this measure ... Read More »

Accor Hotels partners with Alcon Victor group

PANAJI: In line with the current trend of global hotel chains tying up with local partners, Accor Hotels on Tuesday announced a partnership with Alcon Victor Group to launch a new resort, Novotel Goa Dona Sylvia Resort, Cavelossim. Please like & share: Read More »

Govt publishes names of 9,500 ‘high risk’ NBFCs

New Delhi: The government has categorised about 9,500 non-banking financial companies (NBFCs) in the country as “high risk” prone as they have not complied with a stipulated provision of the anti-money laundering law. Please like & share: Read More »

PNB fraud a systemic failure: Venkaiah Naidu

New Delhi: In wake of an alleged Rs 11,300 crore fraud on state-run Punjab National Bank, Vice President M Venkaiah Naidu on Monday said there was no use of blame game as the banking system in the country was going through a systemic falure. Please like & share: Read More »

Controversy on land acquisition orders: SC sets up constitution bench

New Delhi: A five-judge constitution bench of the Supreme Court would hear on March 6 a contentious issue that had cropped up after a three-judge bench had raised concern over “judicial discipline” and propriety arising due to conflicting views of  different benches of the apex court in matters relating to land acquisition. Please like & share: Read More »

UNLIMITED launches 77th showroom in Vasco

NT NETWORK   PANAJI UNLIMITED, THE FAMILY FASHION STORE launched its 77th showroom in Vasco on Friday. The store was inaugurated by children from a neighbourhood orphanage in the presence of the head of operations, UNLIMITED Prashant Paul, Vasco MLA Carlos Almeida, the managing director of NRB Group Nana Bandekar and the family. Chairperson of the Mormugao municipality Deepak Naik ... Read More »

Clarity on retrospective tax will help investments in India: UK IBC

IANS   NEW DELHI More certainty, predictability and clarity regarding retrospective taxation would help companies from the UK to invest more in India, Richard McCallum, managing director, UK India Business Council said here on Friday. “I think that if there was more clarity, certainty, predictability around retrospective taxation and (resolving) the Vodafone issue that would help the UK companies make ... Read More »

ECONOMIC SCAN

Kandeel restaurant, bar reopens in Margao PANAJI: Margao’s one-time-favourite Kandeel Restaurant & Bar is now fully renovated and open under new management. It is an ideal place for fine dining in cozy air-conditioned ambience in the heart of Margao city located near Margao Municipal Garden. Kandeel has a wide range of multi cuisine, Mughlai, Chinese and Goan delicacies. Fish thali, chicken thali, mutton thali ... Read More »