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  • SIAM white papers on hybrid, alternative fuel vehicles soon
    on January 19, 2018 at 12:42 pm

    KOLKATA: The Society of Indian Automobile Manufacturers (SIAM), the apex body representing the automobile industry, would soon submit two white papers on hybrid and alternative fuel vehicles to the Centre.SIAM had earlier submitted a white paper on electric vehicles to the Ministry of Heavy Engineering."We are shortly going to submit two white papers on hybrid and alternative fuel vehicles to the government. A white paper on electric vehicles has been been already submitted," deputy director […]

  • Marriott International to open 20 hotels in India this year
    on January 19, 2018 at 12:23 pm

    American hospitality group Marriott International is opening 20 hotels in India this year and the first of these was inaugurated today in the city.'Renaissance Ahmedabad Hotel', which has 155 rooms, was inaugurated here.The world's largest hotel chain is planning to open seven more hotels in Gujarat in the next three years, Marriott International vice-president (South Asia) Neeraj Govil told reporters at the opening of the new property."This year, we are opening 20 hotels in India and this […]

  • The tax axe finally falls on tens of thousands of Indian bitcoin buyers
    on January 19, 2018 at 11:57 am

    India has sent tax notices to tens of thousands of people dealing in cryptocurrency after a nationwide survey showed more than $3.5 billion worth of transactions have been conducted over a 17-month period, the income tax department said.Tech-savvy young investors, real estate players and jewellers are among those invested in bitcoin and other virtual currencies, tax officials told Reuters after gathering data from nine exchanges in Mumbai, Delhi, Bengaluru and Pune.Governments around the world […]

  • Trai paves the way for in-flight internet connectivity, issues recommendations
    on January 19, 2018 at 11:14 am

    NEW DELHI: Telecom regulator Trai today recommended allowing mobile telephony and Internet services for passengers during air travel in the country through both satellite and terrestrial network."The authority recommends that both, Internet and Mobile Communication on Aircraft (MCA) service should be permitted as In-Flight Connectivity (IFC) in the Indian airspace," Trai said in its recommendations on 'In-Flight Connectivity' (IFC).The Department of Telecom had sought views of the Telecom […]

  • The big news from China? Its widely predicted implosion didn't happen
    on January 19, 2018 at 10:28 am

    By Daniel MossChina's economic performance is all about what hasn't happened. That's huge.The world's No. 2 economy didn't implode under a mountain of debt, nor did trade tensions with the U.S. bring exports undone. And there certainly hasn't been the trade war many feared a year ago. The country's growing reliance on services and consumption as an engine of growth — a little-understood phenomenon in the West — wasn't reversed. Kudos.All of these non-events add up to a big deal: The […]

  • 5 things that made Ramdev's small business the FMCG giant it now is
    on January 19, 2018 at 10:09 am

    Patanjali Ayurved, a small pharmacy just a decade ago, is now an FMCG giant. Now it aims to overtake the country's biggest consumer goods company Hindustan Unilever, which has been present in India for over 80 years. Baba Ramdev-founded Patanjali's FY17 sales amounted to Rs 10,561 crore, a third that of the listed HUL, which reported sales of Rs 34,487 crore. Yet, given the pull of its chrismatic brand ambassador, Ramdev, and the meteoric rise of Patanjali, anything is possible. A key factor […]

  • India's muscle-flexing makes trade partners uneasy
    on January 19, 2018 at 7:00 am

    NEW DELHI: Having cancelled investment treaties with about 50 foreign governments last year, India is struggling to convince some to accept new terms that make it harder to seek international arbitration for disputes, sources familiar with the talks said.From New Delhi's perspective those treaties, mainly struck in the 1990s when it was desperate for foreign capital, left it too exposed to potential claims awarded by international arbitrators.To reduce that exposure, India has drafted a new […]

  • Hackers have walked off with about 14% of big digital currencies
    on January 19, 2018 at 6:51 am

    By Olga KharifDigital currencies and the software developed to track them have become attractive targets for cybercriminals while also creating a lucrative new market for computer-security firms.In less than a decade, hackers have stolen $1.2 billion worth of Bitcoin and rival currency Ether, according to Lex Sokolin, global director of fintech strategy at Autonomous Research LLP. Given the currencies' explosive surge at the end of 2017, the cost in today's money is much higher."It looks like […]

  • 10,500 is fair value for Nifty but 8800 can’t be ruled out: UBS
    on January 19, 2018 at 6:28 am

    Talking to ET Now, Gautam Chhaochharia, ED & Head of India Research, UBS, says if oil spurts further, if economic recovery can't be seen even from a lower base and earnings fail to catch up, Nifty at 8800 could become a possibility.Edited excerpts: The markets are at an all-time high and as I go through your earlier notes, your 2018 Nifty target of 10500 has already been met, but you do have an upside scenario for the Nifty pegged at 11900 and a downside of 8800 as well. What do you think […]

  • Robotic Process Automation will generate nearly two lakh jobs in India by 2021
    on January 18, 2018 at 1:47 pm

    Nearly two lakh Robotic Process Automation (RPA) led jobs are expected to be generated in the country by 2021, Daniel Dines, CEO and Co-Founder of UiPath, a Bangaluru-based software company, said today.India is in prime position to become a RPA powerhouse because of its growing talent pool and cost advantage, Dines said in a company release here.RPA has been gaining traction as a way of automating repetitive, tedious tasks to handle higher-value analysis and decision-making, he said."India is […]

  • VHP's Praveen Togadia gets support from unlikely allies - Hardik Patel, Congress
    on January 16, 2018 at 12:18 pm

    Terming VHP leader Pravin Togadia's claim that he apprehended a plot to kill him in a police encounter as a "serious issue", opposition Congress in Gujarat today sought an inquiry.Congress leader Arjun Modhwadia met Togadia at a city hospital where the Vishwa Hindu Parishad leader was admitted yesterday in an unconscious state.Apart from Modhwadia, a vocal critic of the VHP's Hindutva ideology, Patidar quota agitation leader Hardik Patel also met Togadia separately.Togadia, the VHP's […]

  • Ex-ISRO chief gets bail in Rs 578-cr illegal gains case
    on December 23, 2017 at 7:03 am

    Former ISRO chairperson G Madhavan Nair was today granted bail by a Delhi court in the sensational Antrix-Devas deal case in which a loss of Rs 578 crore was caused to the exchequer.Special Judge Santosh Snehi Mann granted the relief to Nair on a personal bond of Rs 50,000 and two sureties of the same amount.During the proceedings, the CBI informed the court that two accused could not be served summons as they had settled in the US, and the process was still on to execute the summons to […]

  • Council may bring petrol, realty under GST in future: PM Modi
    on December 14, 2017 at 11:29 am

    All powerful GST Council will consider bringing electricity, petroleum products and some other items under the ambit of GST in future, Bihar Finance Minister Sushil Modi said here."Electricity, real estate, stamp duty and petroleum products should become part of GST (Goods and Services Tax). This would be our (GST Council) endeavour," he said at the annual meet of industry chamber Ficci.He, however, said it would be difficult to specify any timeline for this to happen.Inclusion of these can […]

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