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CCEA nod for Rs 1,480cr National Technical Textiles Mission

IANS New Delhi The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved setting up of a National Technical Textiles Mission with an outlay of Rs 1,480 crore for four year implementation period in line with the announcement made in Budget 2020 presented earlier this month. Making announcement following the CCEA meeting chaired by Prime Minister Narendra Modi, Textile Minister Smriti Irani said …

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Car sales to rise in 2020 on stiumulus measures, discounts, says Moody’s

PTI New Delhi Car sales in India are expected to be relatively flat this year after plunging 11.8 per cent in 2019 amid slowing economic growth, as per Moody’s Investors Service. The rating agency also lowered its global sales forecast as the coronavirus outbreak reduces demand and disrupts automotive supply chains. “We expect Indian auto sales to rise 0.5 per …

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Nirav Modi’s Rolls Royce Ghost, diamond watch, to go under hammer

PTI Mumbai Rare paintings, exquisite wrist watches and luxury cars belonging to fugitive diamantaire Nirav Modi will be auctioned from Thursday. The sale of 112 assets is being done by Saffronart on behalf of the Enforcement Directorate through a live auction, which will be followed by an online one for 72 items. Modi, who has allegedly defrauded state-run Punjab National …

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Nykaa.com sees bright prospects for beauty products in Goa

NT NETWORK Panaji Beauty retailing company, Nykaa.com, sees bright prospects for beauty business in the state. A senior company official on Tuesday said that, the company’s products are seeing strong demand from locals who look to be robust buyers of luxury beauty products.   “Goa is a very strong market for Nykaa. It is a mix of beauty, skin and …

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US to reduce more regulations, says Trump

PTI New Delhi US President Donald Trump on Tuesday promised to reduce more regulations in his country as he looked for overseas investment to boost American economy. Speaking at a meeting with CEOs, he said a trade deal with India is in the works, but did not share any details. “It has been an honour to be here,” he said …

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Labour Ministry implements EPFO’s decision to restore pension commutation

PTI New Delhi The labour ministry has implemented retirement fund body EPFO’s decision to restore pension commutation under the Employees’ Pension Scheme, a move that will benefit 6.3 lakh pensioners. Pension commutation refers to part-withdrawal of fund in advance by a subscriber, who then gets reduced pension amount for 15 years. With the ministry’s latest decision, such pensioners would receive …

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Nirav Modi’s assets to be auctioned live tomorrow

IANS Mumbai A collection of 112 lots of prized assets belonging to absconder diamantaire Nirav Modi shall be put up for live and online auctions starting here on February 27, officials said. These assets were seized by the Enforcement Directorate (ED) and the auction is an attempt to recover a part of the dues Modi owes to various banks. The …

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Kineco’s rail division receives international certification

NT NETWORK Panaji Pilerne based Kineco Ltd, is now an International Railway Industry Standard (IRIS) certified company. The IRIS accreditation was awarded to the company’s rail division, said Shekhar Sardessai, founder and managing director, Kineco on Monday. He said that, the global standard certification will enable the company to leapfrog and become a compelling supply chain partner of cart builders …

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BIZ SCAN

Panel discussion on ‘Winning in the Digital Age’ PANAJI: The Goa Management Association (GMA) is hosting its annual management day function on February 27, in association with the Goa Business School. Celebrations include a panel discussion on ‘Winning in the Digital Age’. The discussion will be moderated by Sunil Dias, founder, Iv-Advisors while panelist include Sriram Natarajan, founder Molbio Diagnostics, …

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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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