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Bharti Infratel board meet today

New Delhi: Bharti Infratel will discuss the next step to be taken in the board meeting on December 24 on if an extension is to be sought for the Infratel merger with Indus Towers announced in April last year, sources said. The deal has already missed October 24 deadline for want of approvals and the current deadline expires on Tuesday. …

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Recent amendment makes IBC redundant for home buyers: FPCE

New Delhi: Expressing displeasure over the recent amendments made to the Insolvency and Bankruptcy Code (IBC) that set a minimum benchmark on the number of home buyers taking a builder to the NCLT, the Forum for People’s Collective Effort (FPCE) has said that the amendment makes the bankruptcy law practically redundant for the distressed home buyers. Home buyers willing to …

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Electric cycles attract 5% GST, ordinary cycles 12%

New Delhi: The Modi government has been defending the multi-tiered rates under GST, saying there cannot be one rate, as different segments of society have to be taxed differently. However, it has emerged that ordinary bicycles used mostly by the low-income group people attract 12 per cent GST while expensive electric bicycles are in the lowest slab of 5 per …

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Indians order 95 biryanis per minute from Swiggy: Report

New Delhi: Indians ordered on an average 95 biryanis per minute or 1.6 biryanis every second from Swiggy in 2019, the online food delivery platform said on Monday. In fact, biryani is the most common first order by new users on Swiggy, according to the company’s fourth yearly ‘StatEATistics’ report on India’s food ordering habits. Biryani has topped the list …

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India’s ‘export hub’ dream needs new reforms: Gita Gopinath

New Delhi: Implying that India has not taken the required steps to turn into a manufacturing major, IMF Chief Economist Gita Gopinath on Friday said that the country needs a separate set of reforms to become a manufacturing and export hub. Speaking at a FICCI event here, the International Monetary Fund’s (IMF) Chief Economist suggested that India reform its land …

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Goa gets first Mochi store at Porvorim

Panaji: Mochi Shoes and Accessories unveiled its first store in state at Porvorim on December 20, which is also the brand’s 140th store in the country. The store is located at Prudential Palms, next to Navtara Hotel along Chogm Road. The Porvorim store will offer fashionable and in-trend footwear for everyone. Mochi is a one-stop shop for all-fashion footwear needs along …

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BIZ SCAN

Madgao co-op society opens at Chaudi Canacona: A branch of the Madgao School Complex Credit Co-operative Society was recently opened at Chaudi, Canacona at the hands of Deputy Speaker and Canacona MLA Isidore Fernandes. Speaking at the inaugural function, Isidore said that credit co-operative societies benefit the villagers and mainly the young who decide to start their own businesses. Ex-minister Ramesh …

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Centre notifies Tripura’s lone SEZ

Agartala: The Union Commerce Ministry has notified the setting up of the first ever Special Economic Zone (SEZ) in Tripura with an estimated investment of Rs 1,550 crore, an official said here on Thursday. An official of Tripura’s Industries Department said the Union Commerce Ministry earlier this week has notified the setting up of the first ever SEZ at Paschim …

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Rein in airlines ahead of New Year rush, passengers ask PMO

New Delhi: Alleging that airlines jack up ticket prices by 3-5 times during weekends and festive season, air travellers group Air Passengers Association of India (APAI) has written to Prime Minister’s Office (PMO) for reining in the carriers. «A passenger has to spend an exorbitant amount (3-5 times of the normal fare) for booking tickets during weekend and festivities,» the APAI has …

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India should cut reliance on rice

New York: India can sustainably enhance its food supply and improve its environmental footprint by reducing its reliance on rice and planting more nutritious and less environmentally damaging crops such as sorghum, finger millet and pearl millet, says a study from the University of Delaware in the US. “You often see agriculture presented as causing environmental problems, when in fact …

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