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CII- Goa conference on logistics on November 30

PANAJI: With well-developed logistics integral to the growth of local industry, CII-Goa is organising the 5th edition of its Conference of Logistics- Roadmap for Port Led Development, Inland Waterways and Multi-Modal Logistics, on November 30, 2019, at Vivanta by Taj, Panaji. The conference is expected to highlight the various issues faced by Goan companies in logistics. It will also ask …

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You can use parcel forwarding services for Black Friday deals

New Delhi: With shipping costs being a major concern for Indians who want to grab Black Friday deals in the US, parcel forwarding services may come to your aid as they generally allow merging of multiple packages that may bring down the delivery cost. Hong Kong-based cross-border e-commerce service provider Buyandship, for example charges $6 per pound as its weight …

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Centre’s fiscal deficit to be about 3.7% in FY20: Moody’s

New Delhi: Ratings agency Moody’s Investors Service has projected Centre’s fiscal deficit to be about 3.7 per cent of the gross domestic product (GDP) in 2019-20, which will be slightly wider than the 3.4 per cent posted in fiscal 2019. The government has kept a fiscal deficit target of 3.3 per cent of the GDP for 2019-20. The agency, in …

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Flights to Ras Al Khaimah from Dec-end

New Delhi: Passenger carrier SpiceJet will commence flight operations to Ras Al Khaimah (RAK) in UAE from December-end, however, its wait to establish an airline there might happen only in 2020. The airline’’s Chairman and Managing Director Ajay Singh said: “We have applied to establish an airline there (Ras Al Khaimah). Everything depends on regulatory approvals.” “Flights from India to …

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Non-telecom PSUs facing AGR burden planning on joint forum

New Delhi: Public sector companies such as PowerGrid, Railtel, GAIL, OIL, and DMRC may form a joint forum to oppose any move by Department of Telecommunications (DoT) to seek additional licence for their limited telecom and internet service operations on the basis of recent Supreme Court ruling on adjusted gross revenue (AGR). On October 24, the Supreme Court ruled that AGR for …

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BSES, Ola Electric tie up for battery swapping/charging stations

New Delhi: Announcing a first of its kind green initiative in the capital, Delhi power distribution company (discom) BSES on Monday said it has tied up with Ola Electric to set up battery swapping and charging stations in the city. A BSES statement said the agreement is for three years and is likely to hasten the adoption of electric vehicles …

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Bajaj invests $8mn in Yulu to boost EV adoption in India

Bengaluru: Leading bike maker Bajaj Auto on Tuesday announced an investment of $8 million in Bengaluru-based bike-sharing platform Yulu to boost electric vehicle adoption in India. The fresh round of investment will be utilised for further strengthening of the mobility platform and deepening of the technology solutions for rapid expansion, Yulu said. Yulu deploys machine learning and artificial intelligence (AI) …

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Onion prices score a century in Bengal

Kolkata: The price of onion is bringing tears in the eyes of its consumers in Bengal, with a kilo of the staple costing a whopping Rs 100 on Monday in some city retail markets. The vegetable not only scored a “century’, its price shot even higher in a few markets. Onion had been selling at Rs 70-80 a kilo over …

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RBI imposes penalty on three co-operative banks

Mumbai: The Reserve Bank of India on Tuesday penalised three cooperative banks — Nesargi Urban Co-operative Bank Limited, Krishna Pattana Sahakar Bank Niyamitha and Ron Taluka Primary Teachers’ Cooperative Credit Bank Limited — for non-submission of returns under Section 27 (2) of the Banking Regulation Act, 1949. Krishna Pattana Sahakar Bank Niyamitha was fined Rs 40,000 while Nesargi Urban Co-operative Bank Limited …

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Petrol prices continue to surge, diesel stable

New Delhi: Petrol prices continued to rise for the fifth consecutive day on Tuesday, while diesel prices remained stable for the second consecutive day. As the crude oil rates rise in the international market, the Oil marketing companies increased the price of petrol by 10 paise per litre in Delhi, Kolkata, Mumbai and Chennai, though there has been no change …

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