Business

IANS Amaravati The Andhra Pradesh government on Friday cancelled the licenses of all existing bars in the state. The move follows the decision taken three days ago to shut down 40 per cent of the bars in the state as part of the government›s plan to implement total prohibition in phases. The state government also unveiled a new bar policy, which will …

IANS Chennai The Ministry of Defence plans to set up 6-8 product testing facilities to enable the micro, small and medium enterprises (MSME) to test their products for defence supplies, said a senior official here. The first testing facility, likely for drones, is to come up soon, he said on Friday. “In order to provide MSME’s a level playing field …

IANS New Delhi Pacing up the disinvestment calendar to meet a daunting target by March 31, DIPAM on Friday issued 15 request for proposals, including those for strategic disinvestment of BPCL, and also for partial divestment of government’s equity in railways’ arm Concor. The move also paves the way for bids from oil and gas PSUs for Numaligarh Refinery. The …

VALPOI: Sattari Urban Co-Operative Credit Society chairperson Yeshwant Gauns informed in the press conference which held at head office on Sunday that SUCCS had received good response from shareholders in all its 13th branches and they will be opening its 14th branch near Fatorda Stadium-Margao  on November  25  at 4.30pm. Other present during the press conference were vice chairperson Farid …

New Delhi: As many as 566 national highway projects are running behind schedule owing to issues ranging from land acquisition, forest and wildlife clearances to poor performance of contractors, Road Transport and Highways Minister Nitin Gadkari told Parliament on Thursday. “Construction work on Golden Quadrilateral has already been completed, however 566 projects are behind their completion schedule. These projects are …

Mumbai: After making its technology available to some of India’s biggest organisations including the State Bank of India and Bharti Airtel, enterprise software major VMware is now eying small and medium-sized enterprises (SMEs) to accelerate its pace of growth in the country, according to the company’s top executives. “We are looking to support new industries in India,” Duncan Hewett, Senior Vice President and …

Bhubaneswar: Union Petroleum Minister Dharmendra Pradhan has requested Union Civil Aviation Minister Hardeep Singh Puri for introduction of direct flight services between Bhubaneswar and Ras Al Khaimah in the United Arab Emirates (UAE). In a letter released to media on Thursday, Pradhan sought Puri’s personal intervention in commencement of direct flights between Bhubaneswar and Ras Al Khaimah at the earliest. …

New Delhi: In a big relief to the telcos –Airtel, Vodafone and Jio, the Union Cabinet has approved the recommendation of the Committee of Secretaries (CoS) and allowed telcos a two-year moratorium on spectrum-related dues which translates into a Rs 42,000 crore financial support to the stressed sector. Deferment of spectrum auction installments would ease the cash outflow of the stressed telcos …

New Delhi: The overall air quality of the national capital on Thursday slipped into the higher end of the ‘very poor’ category and may deteriorate further due to the extremely low wind speed, after being in ‘poor’ for days. According to the Centre-run System of Air Quality and Weather Forecasting (SAFAR), the overall AQI was recorded at 340. “The overall …

New Delhi: As recent events like the US-China trade war and political tensions in Hong Kong raise fears of delivery disruptions, the stable Indian outsourcing market can benefit from the growing geopolitical instability, a new report said on Wednesday. Fears of geopolitical instability may impact the global offshore services market, as sourcing, procurement and vendor management executives review their options …