Daily Mail - Australia
12 minutes
Researchers from the University of Delhi discovered the frogs in the Western Ghats, which is known to be a hotspot for biodiversity in India.
The Economic Times
an hour
NEW DELHI: The Finance Ministry has not received any communication with regard to reported merger of Kotak Mahindra Bank and Axis Bank, a senior official said. Mergers of private banks do not come to Finance Ministry, rather it is for the regulator to see, said another official. "We are not aware of any such plans. We have not received any expression of interest for Axis Bank by any company," the official said, when asked about reports on merger of Kotak Mahindra Bank with Axis Bank. Government indirectly holds stake in Axis Bank through public sector insurance companies and SUUTI. The Specified Undertaking of Unit Trust of India (SUUTI) holds about 12 per cent stake in Axis Bank while LIC has 14.49 per cent holding in the bank. Remaining promoter category stake is with four PSU general insurance companies and one state-owned re-insurer GIC Re.
The Economic Times
an hour
Asia Today
2 hours
The Economic Times
2 hours
NEW DELHI: German auto major Audi is gunning to regain over a period of time the top slot in Indian luxury vehicles segment which it had lost to rival Mercedes-Benz. The company plans to launch ten products this year, including 'a couple of completely new models' as part of its ongoing efforts to enhance its position in the country. "There has been a phase of consolidation (in India) and we are looking at a sustainable number one position here. Audi belongs there," Audi India Head Rahil Ansari told PTI. When asked how soon the company looks to overtake Mercedes-Benz again, he declined to share a timeframe. "We need to be number one again at some stage of time. It doesn't have to be overnight but it can't take till 2030 either. What is important is that it has to be sustainable business for all involved, including our dealer partners," Ansari added.
The Economic Times
2 hours
21stCenturyWire
2 hours
In the case of Lesin, anyone wanting ‘vengeance’ for RT’s popularity would be able to say that a kind of former media boss was taken down. For Malanin, many fear that if ‘Grexithappens, Russia will become an increasingly important partner for Greece. The EU would not like one of its vassal states enjoying fruitful relations with Russia, a country still under sanctions from Brussels. For Kadakin, it is a matter of interest for those wanting Pakistan to continue favouring western powers and not wanting Russia to be able to mediate in conflict resolutions between New Delhi and Islamabad. Churkin had come to dominate the UN in ways that his counterparts on the Security Council simply could not. No one really stood a chance in a debate with Churkin. His absence leaves open the possibility for a power vacuum that would makes other peoplesjobs easier.
Beijing Bulletin
2 hours
Daily Mail - Science
2 hours
Researchers from the University of Delhi discovered the frogs in the Western Ghats, which is known to be a hotspot for biodiversity in India.
The Economic Times
2 hours
NEW DELHI: The government today made it mandatory for stent makers to maintain production and supply of coronary stents by invoking an emergency clause under drug price control law citing reports of shortage in market. "After due deliberations on the current situation and alternatives available with the government to resume normal supply of the coronary stents, it has been decided to invoke the powers of Section 3 (i) of DPCO, 2013," Department of Pharmaceuticals said in a letter to stent makers. The department said there have been reports of shortage of coronary stents in the market/hospitals. Last week, the government had slashed prices of stents by up to 85 per cent by capping them at Rs 7,260 for bare metal ones and Rs 29,600 for the drug eluting variety. Under the Section 3 (i) of DPCO, 2013, the government can regulate distribution and direct any manufacturer to increase production and sell products to institutions, hospitals or any agency as the case may be in case of emergency or in circumstances of urgency or in case of non-commercial use in public interest.
The Economic Times
3 hours
NEW DELHI: Amid the Trump Administration's move to curb H1B visas that will impact India, Prime Minister Narendra Modi today pressed the US to have a "balanced and farsighted perspective" on the movement of skilled professionals. He made the comment while receiving a 26-member bi- partisan US Congressional delegation here. Welcoming the Congressional Representatives to India, he said their visit augurs a good start to bilateral exchanges following the change in the US Administration and Congress. He recalled his positive conversation with President Donald Trump and the shared commitment to further strengthen ties that have grown deeper in the last two and a half years. In this regard, he recognized Congress' strong bipartisan support for the India-US partnership, a PMO statement said. Modi shared his perspective on areas where both countries can work even more closely, including in facilitating greater people-to-people linkages that have over the years helped contribute to each other's prosperity.
The Economic Times
3 hours
NEW DELHI: The latest offering in the telecom market for consumers is the Jio Prime membership. As indicated by the company, this is just for existing Jio users. This automatically shuts out users of other telecom networks who have not allowed the Jio bug to bite them yet. However, there is one way a user can redeem himself - by buying the Reliance Jio 4G SIM before March 31, 2017. This way eligibility for the Jio Prime scheme opens up. Upon buying Jio Prime membership, a user has to pay a one-time fee of Rs 99.00. After that, the customer has to pre-pay Rs 303.00 per month to enjoy 30 GB of data every month alongwith the free calls that are available without the Jio Prime membership and with just owning a Jio 4G sim. The Jio Prime membership is valid till March 31, 2018. Till then, Reliance Jio plans to welcome more users into its network enticing them with highly competitive offers such as Jio Prime.
The Economic Times
5 hours
NEW DELHI: India needs to "celebrate" success stories of "heroes" like Dhirubhai Ambani and NR Narayana Murthy who have created wealth for the country and jobs for millions, former Infosys executive TV Mohandas Pai said today. "We have to create a good narrative for India. Our narrative is broken up into very negative matters about this country," he said. There are success stories across sectors such as pharmaceuticals, IT and telecom, he said, pointing out that of the top 10 software companies globally, five are Indian. "Why can't we celebrate that Mukesh Ambani wants to build a mature industry on empowering Indians to connect them to web at very low costs. There are so many success stories in India," Pai said addressing an AIMA event. Building a case for compassionate capitalism, he said, "We need to celebrate success of Indian businessmen like NR Narayana Murthy and Dhirubhai Ambani.
The Economic Times
6 hours
NEW DELHI: HTC Corp is trimming its portfolio to half in 2017 and will move out completely from the sub Rs 10,000 price bracket, as it looks to make a stronger presence in the premium end of the market and gain higher share by value rather than volumes. The Taiwanese smartphone maker will also launch its virtual reality headsets in India within the next quarter, at over $950 apiece, after having delayed it by a few months. “Last year we had 15 models, including the Desire 620 which was being sold at Rs 9,990, but this year we will have only 7-8 models, staggered across the year, and only above Rs 10,000,” said Faisal Siddiqui, president for South Asia at HTC Corp told ET. "The Rs 10,000 and under market has become hyper-competitive and phone is more or less a commodity, More so, our cost structure and target audience dictate that we play in the Rs 10,000 and above segments," he added.
The Economic Times
6 hours
NEW DELHI: State-owned IDBI Bank today said it proposes to dilute stake in some non-core businesses to shore up capital base. The board of the bank has approved in-principle the proposal to divest some of its non-core investments subject to compliance with all applicable laws and regulations and final approval obtained for each transaction, IDBI Bank said in a regulatory filing to the stock exchanges. The decision was taken at the board meeting held today. Finance Minister Arun Jaitley in 2015 had hinted at a change in IDBI Bank wherein the government would continue to hold a majority stake, yet keep it at arm's length. Citing the example of Axis Bank, he had wondered if IDBI Bank could follow that model. But since then, there has not been much progress on the plans due to one reason or another. IDBI Bank has a large portfolio of real estate which was not taken into consideration during the valuation exercise.
The Economic Times
6 hours
The Economic Times
6 hours
NEW DELHI: Union Minister of State for External Affairs Gen VK Singh (retd) today said the Indian missions abroad have been asked to promote alternative modes of treatment such as Ayush and Ayurveda. "On part of Ministry of External affairs (MEA), we have asked all our chairs and missions to take a serious look to promote Ayush and Ayurveda," he said. He said 25 Indian missions have got Ayush facilitation centers. "...and these are being managed in a manner in which we would like them to become much greater than what they are today," Singh said while inaugurating an ASSOCHAM Conference on MEDiTravel - 2017' here. Singh said MEA is aware of the need for simplifying VISA procedures and has sensitised all its missions. He said the government is open for suggestions and recommendations to make things better for people who are coming for treatment from abroad.
Voice Of America
7 hours
Ranjan told VOA her aim is to remove the intense social pressure the middle class and others face to host elaborate celebrations. “This has become a status symbol. People sell land, take loans to host their daughter’s weddings,” she lamented. “Parents set aside a fat budget for their children’s wedding, particularly girls weddings.” Estimates show that many Indian parents fork out one fifth of the wealth they have accumulated on hosting a wedding. While budgets vary widely, many middle class families shell out $50,000 to $100,000 for their children’s nuptials. In a country that holds some 10 million marriages a year, India’s booming wedding industry is estimated to be worth about $5 billion and racing ahead at 30 percent a year. It is often described as a recession-proof industry, untouched by financial downturns or economic slowdowns. New Delhi resident and finance professional Pradeep Bhargava, who has hosted his daughters’ and sonsmarriages in recent years, feels wedding spending has gone a step too far.
The Economic Times
8 hours
NEW DELHI: Satellite-based communication prevented the 'incommunicado' Jet Airways Mumbai-London flight with 330 passengers on board from getting into more trouble over German skies when it was intercepted by fighter jets last Thursday for not responding to air traffic control (ATC) calls. In fact, 'alert' crew of another Jet flight just ahead of this one came to the rescue of the out-of-reach crew of the flight from Mumbai (9W 118). The German ATC contacted a Delhi-London flight of Jet Airways (9W 122), which was flying ahead of 9W 118 last Thursday (Feb 16). The crew of the flight from Delhi contacted Jet Airways' flight operations in India which then used the aircraft communication and addressing system (ACARS) or a satellite phone to contact the pilots of 9W 118. Once alerted by this satellite-based communication, the Mumbai-London crew spoke to the ATC following which fighter jets flew away and the plane continued its flight to London.
The Economic Times
8 hours
NEW DELHI: State-owned carrier Air India has put on sale two more Dreamliners (Boeing 787-800) to raise USD 250 million (nearly Rs 1,700 crore) for the repayment of short-term loan availed earlier for purchasing these planes. The airline would also lease back these two Boeing 787-800s under an operating lease for a period of up to 12 years with a three-year extension option, the airline said in its Invitation of Offers document. These two aircraft were delivered to Air India between November last year and January this year. Under a Sale and Lease Back (SLB) arrangement, the seller of an asset leases it back from the purchaser for a long-term period and continues to use it without actually owning it. The airline has fixed a reserve purchase price at USD 125 million (Rs 836 crore) for each aircraft. Currently, the airline has 23 Dreamliners in its fleet.
The Economic Times
8 hours
NEW DELHI: Passengers will now be involved in judging cleanliness level of popular trains including Rajdhani, Shatabdi and Duronto as well as major stations across the country. Focusing on cleanliness and hygienic conditions on premises, which has been a problematic area for it, the Railways will undertake a detailed survey cum audit of 407 busy stations and about 200 trains shortly. A passenger can send photos related to cleanliness in trains and stations to a central control room to be set up soon, said a senior Railway Ministry official involved with the cleanliness drive. From the passengers' feedback, popular trains will also be audited for on-board housekeeping services, linen quality, toilet condition, disposal of waste and pest control system. Trains and stations will be given ranking as per the survey results, he said. The aim is to involve passengers in creating awareness about cleanliness on rail premises and also to keep it as a focused area for concerned staff, the official said.
The Economic Times
9 hours
The Economic Times
9 hours
NEW DELHI:Your 12-digit Aadhaar number could soon become your single-point payment address. With the upcoming payments bank by IndiaPost, over 112 crore Indians will be able to send and receive money only on the basis of the Aadhaar number; it won't not matter whether it is linked to a bank account or not. IndiaPost CEO AP Singh told ET that currently, Aadhaar is not a payment address in itself, but the payments bank, which plans to start operations from September 2017, will change that. The bank, which hopes to cover at least 650 districts of the country in the initial stage, aims to “simplify and universalisepayments systems. “We will bring out a solution to make Aadhaar a payment address, which will work with or without a bank account. That means that people who already have an Aadhaar should be able to receive payment from any source,” Singh, who was part of the founding team of Aadhaar as the deputy director general of the Unique Identification Authority of India (UIDAI), said.
The Economic Times
10 hours
NEW DELHI: Share buyback announcements tend to excite investors as the buyback price is usually at a premium compared with the prevailing market price at that point. But is it really exciting news? That depends from company to company and under what circumstances a particular company has announced share buyback. One should study and analyse the offer before tendering shares. In simple terms, share buyback means repurchase of shares by the company. It can happen in three ways - a) either the company purchases its own shares in open market, b) issue a tender offer and lastly, c) negotiate a private buyback. Let’s look at some reasons why companies go for a share buyback: Attempt to boost earnings per share (EPS): One of the common reasons why companies go for share buyback is to boost earnings per share (EPS), because share buyback reduces outstanding shares in the market.