Indian companies invest nearly $18 bn in US

Indian companies invest nearly $18 bn in US

Washington, Nov 16: Indian companies have created more than 113,000 jobs in the US and invested nearly $18 billion in the country, according to an annual report which gives state-by-state breakdown of the tangible investments made and jobs created by 100 Indian firms doing business in America and Puerto Rico. The report titled ‘Indian Roots, […]

Digitisation, GST to make India attractive place for business: Jaitley

Digitisation, GST to make India attractive place for business: Jaitley

Singapore, Nov 15: With greater digitisation and formalisation of financial activities and businesses, India is set to become an “extremely attractive” country to do business, Finance Minister Arun Jaitley said here on Wednesday. Speaking at the Singapore Fintech Festival, Jaitley said the ongoing process of digitisation was a result of Aadhaar scheme coupled with financial […]

WPI inflation at 6-month high of 3.59 percent

WPI inflation at 6-month high of 3.59 percent

New Delhi, Nov 14: Wholesale price index (WPI)-based inflation was at a six-month high of 3.59 per cent in October, from 2.6 per cent the previous month. As Consumer Price Index (CPI) inflation rose similarly (to 3.58 per cent, a seven-month high) in the month, this is likely to be a factor if the Reserve […]

Sensex below 33K, Nifty at lowest closing level since October 23

Sensex below 33K, Nifty at lowest closing level since October 23

Mumbai, Nov 14: Benchmark indices extended losses for the second consecutive day Tuesday, with the Sensex closing below 33,000-mark on weak Asian cues and unlikely rate cut post increase in inflation. L&T, HDFC twins, Infosys, ITC pushed the market lower; but Reliance Industries (up 1.3 percent) and auto stocks capped losses. The 30-share BSE Sensex […]

Vodafone launches Chhota Champion

Vodafone launches Chhota Champion

Mumbai, Nov 14: Vodafone India, today launched Vodafone Chhota Champion, an integrated voice and data pack at never before prices. For a pocket friendly price point of Rs. 38*, Vodafone Chhota Champion offers prepaid customers 100 Local and STD Calling minutes with 100 MB 3G/4G data for a period of 28 days. Speaking about the […]

We expect cut in GST on carpet industry: CEPC Chairman

We expect cut in GST on carpet industry: CEPC Chairman

‘Carpet industry needs Govt intervention’ Srinagar, Nov 13: The carpet traders are expecting slashing down of Good and Services Tax (GST) as the GST council is ongoing in Guwahati in Assam. The industry is presently taxed at 12 %, and the traders, who initially were seeking 5 % cut, are hopeful that the GST will […]

‘UN peacekeeping arms losses could equip an army’

United Nations, Nov 13: UN-backed peacekeepers have lost enough guns and ammunition in sub-Saharan Africa over the past two decades to arm an army, according to a study by the Small Arms Survey. The research group’s director, Eric Berman, said peacekeepers have lost “at least thousands of weapons and millions of rounds of ammunition” this […]