Khadi industry likely to cross Rs 10k cr turnover in 5 yrs

Mumbai (IANS) The khadi industry in India is expected to cross Rs 10,000 crore turnover in the next five years, Khadi and Village Industries Commission (KVIC) Chairman Vinai Kumar Saxena said on Thursday.

The target for this year is set at…

Rupee close to 6-month low at nearly 72 a dollar

Mumbai (IANS) Sell-off in the Indian equity markets and sustained outflow of foreign funds left the rupee weaker by 25 paise on Thursday. The Indian currency closed at Rs 71.81 to a US dollar, its lowest point this year.

A mix of global and…

Amazon launches largest delivery station in Tamil Nadu

Chennai (IANS) E-commerce giant Amazon which has doubled its last mile delivery network in Tamil Nadu on Thursday announced the launch of its largest "delivery station" in the state.

Located in Chennai, the new station will enable…

Economy doesn't need fiscal stimulus to tackle slowdown: CEA

New Delhi (IANS) Chief Economic Advisor (CEA) K. Subramanian on Thursday said the Indian economy does not need a fiscal stimulus to tackle the ongoing economic slowdown.

Speaking at the Hero Mindmine Summit that brings together…

Sebi eases rules for FPIs, amends norms for rating agencies

Mumbai (IANS) Market regulator Sebi on Wednesday eased the rules for foreign portfolio investors (FPI) doing away with the broad-based eligibility criteria for FPIs and announced that the registration for the multiple investment manager structure…

Sensex, Nifty flat, Yes Bank down 3%

Mumbai (IANS) The Sensex and Nifty on Wednesday traded on a flat note awaiting a stimulus package from the Union government.

The Sensex opened slightly lower at 37,298.73 from its Tuesday's close of 37,328.01.

At 10.07 a.m., the…

IL&FS did not disclose NPAs for 4 years: RBI

New Delhi (IANS) The IL&FS had not disclosed any NPAs for the last four years, the Reserve Bank of India (RBI) has said in a report.

The report is based on inspection of IL&FS and IFIN and this has been conveyed by the…

All PMAY houses to be sanctioned by March 2020

New Delhi (IANS) The government would sanction all the targeted 1.12 crore houses under the Pradhan Mantri Awas Yojana (PMAY) by March 2020, said Union Minister for Housing and Urban Affairs Hardeep Singh Puri at the 15th annual convention of the…

Broadcasters wary of TRAI decision on review pricing

New Delhi (IANS) Broadcasters have raised concerns over the Telecom Regulatory Authority of Indias (TRAI) decision to review the issue of pricing, barely eight months after implementing the new tariff order.

They fear that the intrusive…

IndiGo, SpiceJet to shift Delhi operations to T3 from T2

New Delhi (IANS) Low-cost carriers SpiceJet and IndiGo would shift their operations to the Indira Gandhi International Airport's T3 from T2 from September 5.

While SpiceJet would shift its entire operations, largest private carrier IndiGo…