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MeWo- Dempo Biz Nest gets Naukri.com and 99acres.com on board in Goa

NT NETWORK Panaji Naukri and 99acers, India’s largest jobs and real-estate platforms, part of the Info Edge Group have signed an agreement with MeWo– Meetings & Co-Working, the newly established startup in Goa backed by Shrinivas Dempo, Chairperson Dempo Group and Abrar Shaikh, Founder BIZ Nest. Both technology giants (Naukri & 99acers) would be setting up their Goa core operations …

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Govt allots 6,50,000 tonne of unused sugar export quota under MAEQ scheme

PTI New Delhi The government has reallocated unused export quota of 6,50,000 tonnes of sugar in the ongoing 2019-20 marketing year under the Maximum Admissible Export Quota (MAEQ) scheme, a senior Food Ministry official said on Monday. For the current year, the government has allowed export of 6 million tonnes of sugar under the quota to help deal with the …

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Solar projects delayed by coronavirus in China may get relief

New Delhi: In a big relief to renewable energy projects, the Ministry of New and Renewable Energy (MNRE) will give extra time for the commissioning of power projects that face delays due to squeezing of supply lines from China which is facing deadly spread of coronavirus. On the lines of clarification given by Ministry of Finance (Department of Expenditure Procurement …

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Efforts on to include G-Secs in global indices soon, says Shaktikanta Das

New Delhi: Reserve Bank of India Governor Shaktikanta Das has said the central bank has already initiated discussions with some institutions and efforts are on for inclusion of government bonds in global indices as quickly as possible. The development would attract higher foreign flows as many overseas funds are mandated to track global indices. It will help bring in large …

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BIZ SCAN

‘Technical Twist’ at Bachpan Play School and Ahps MUMBAI: In order should our students survive in post-primary and secondary education and further in the business world, they must know, understand and keep abreast with technological developments.  There are 5 technologically advanced gadgets that have revolutionized the preschool and formal school education sector at Bachpan and AHPS. VR Virtual Reality is …

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Coronavirus impact: China cuts loan rate

AGENCIES Beijing China on Thursday announced it would cut interest rates in a bid to boost the economy, as it battles the economic fallout of the new coronavirus outbreak. The reduction in the loan prime rate (LPR) — one of the preferential rates commercial banks give to their best customers and which serves as a reference for other lending rates …

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PSUs may pick stake in merged PFC-REC entity to keep 51% govt holding

IANS New Delhi State-run financial institutions or public sector enterprises such as LIC, NTPC, NHPC may pick up a stake in the Power Finance Corporation (PFC) to prevent government shareholding in the power sector financier from falling below the threshold 51 per cent level post merger with the REC. The PFC, which bought 52.63 per cent of government equity in …

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LPG prices may come down next month: Pradhan

PTI Raipur Union minister Dharmendra Pradhan on Thursday said LPG prices may come down next month. The Minister for Petroleum and Natural Gas, and Steel, who is on a two-day visit to Chhattisgarh, was talking to reporters on his arrival at the Swami Vivekananda Airport here. Replying to a query about the constant rise in LPG prices, Pradhan said, “It …

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BIZ SCAN

GST seminar in city on Feb 28 PANAJI:  With GST laws and compliance processes constantly changing since its launch in 2017, payment of the tax is a challenge to tax payers. The current form of GST is quite different from what it was at the time of its launch.  More significant changes in GST laws are expected this year which includes new …

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Sugar production dips 22.67% in crushing season as on Feb 15

IANS New Delhi Sugar production in the country has declined 22.67 per cent so far in the current sugar season 2019-20 (October-September) as compared to the last year. Indian sugar mills have produced 169.85 lakh tonnes of sugar as on February 15, 2020 in the ongoing season as compared to 219.66 lakh tonnes produced on the corresponding date of last …

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