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‘Consumers Shoppee’ exhibition inaugurated at Panaji

Panaji: ‘Consumers Shoppee’ exhibition of consumer and household products held at Don Bosco High School, indoor stadium, Panjai was inaugurated Wednesday at the hands of president of the BJP’s Mahila  morcha, Sulakshana Sawant;  Vaidehi Naik, ex  mayor;  Aamhi Udyogini Pratishthan Goa members Madhuri Chiplunkar, Sunita Rajmane, Shilpa Kulkarni and organiser Meenal Mohadikar  and other  various company representatives were present for …

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IDBI Bank unveils repo-based lending, bulk deposit rates

Mumbai: The IDBI Bank on Tuesday introduced repo-linked lending and bulk deposit rates, meeting the RBI deadline. The IDBI Bank has decided to adopt the Reserve Bank of India’s policy repo rate as an external benchmark. Accordingly, all floating rate retail and MSE loans will be linked to the policy repo rate and any changes in rate by the central …

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RBI may opt for 25 bps cut to boost growth: Experts

New Delhi: The Reserve Bank of India (RBI) is likely to cut policy rates by 25 basis points (bps) on Friday and is expected to continue with the accommodative stance to support the recent government measures like reducing corporate tax to boost economic expansion activity and consumption, experts and economists said on Tuesday. The RBI’s three-day Monetary Policy Committee (PMC) …

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Amid PMC crisis, RBI says Indian banking system stable

Mumbai: Allaying fears of a crisis in the country’s banking system, the Reserve Bank of India (RBI) on Tuesday said that Indian banking system is safe and stable and there is not need to panic on “rumours”. The statement comes against the backdrop of the revelation of fraud in Punjab & Maharashtra Cooperative (PMC) Bank involving the Housing Development and …

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Free birth stone session by Dr Rupa Batra

Panaji: After a successful event last year, Shobha Jewellers Panaji is holding again a free birth stone session in collaboration with India’s celebrity vastu, feng shui and astro expert Dr Rupa Batra at Shobha Jewellers, Panaji on October 5 and 6, from 11am to 7 pm. Interested  participants may book their  slots in advance to find out which birth stone …

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BIZ SCAN

Vibrant Goa anticipates 255 exhibitor stalls PANAJI: The state’s first Vibrant Goa Summit, October 17-19, is expected to have 255 exhibitor stalls, said the organisers on Tuesday. Organisers said that, 170 stalls will be inside the Shyama Prasad Mukherjee indoor stadium while, an additional 60 stalls will be in the outdoor hangar and 25 stalls will be of the Khadi …

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PNB ties up with NBFCs for co-orginating loans worth Rs 4K cr

New Delhi: The Punjab National Bank has started tying up with non-banking financial companies (NBFCs) for co-originating loans amounting to Rs 4,000 crore since the last two months and though the lender has not decided if it will link the deposit rates with the RBI repo rates, its retail loan rates will be based on repo rates from October 1, …

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Curb on bamboo products import will benefit NE India: Biplab

Agartala: Bamboo growing northeastern region would be hugely benefited after the imposition of restrictions by the Indian government on the import of some bamboo products including incense sticks, Tripura Chief Minister Biplab Kumar Deb said on Monday. Deb, while addressing a day-long “Bamboo Artisans’ Conclave” here said that northeast India comprising eight states is the major bamboo producing areas and is capable …

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R Power ‘ideally’ placed for strong performance: Anil Ambani

Mumbai: Reliance Anil Dhirubhai Ambani (ADAG) Group Chairman Anil Ambani on Monday said that Reliance Power is ideally positioned to deliver a strong operating and financial performance. Addressing the Annual General Meeting of Reliance Power, Ambani observed that the company is among the top three private power generation companies with operating portfolio of about 6,000 megawatt (MW). “My dear fellow shareowners, Reliance …

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Tupperware India to end single-use plastic from packaging

New Delhi: Kitchenware and culinary brand Tupperware India has announced to stop the usage of single-use plastic for product packaging from October 1, and instead use recyclable paper based compostable packaging material. In a statement, the company has said that the transition would increase the company’s expenditure by around 7 per cent, but the company would not pass on the …

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