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Indian Tea Association (ITA) chairman Vivek Goenka recently said the industry wont be able to survive at the current price levels as costs of production has increased whereas prices have remained stagnant over the past five years.

Tissue culture gives new hope to tea industry

Price realisation has remained stagnant for the last several years and the industry is also facing an oversupply...

10 Feb 2020 6:06 AM IST

The government, however, said it would fine-tune its existing policies to increase outward shipments while also examine the loopholes of revenue leakage in the system.

GSTIN made mandatory in export, import papers

Data analytics by the revenue authorities have detected rampant tax evasion through black market and under-valuing of...

10 Feb 2020 5:49 AM IST

Consumers significantly value the benefits of e-health over the traditional outpatient care system across pharmacy, consultation, and diagnostics categories.

E-health to grow multi-fold to $16 billion by FY25

Out of this 60 million, 4.3 million are already using e-health.

10 Feb 2020 5:45 AM IST

People wearing protective face masks ride a public bus in Hong Kong, Sunday. AP photo

China virus outbreak hits Indian tourism

Foreign as well as domestic tourists are cancelling travel to Kerala where three cases of the disease have been...

9 Feb 2020 2:31 PM IST

A currency trader talks on the phone at the foreign exchange trading room of the KEB Hana Bank headquarters in Seoul, South Korea. AP photo

China returns to business tomorrow after extended break over...

The usually week-long Lunar New Year holiday was extended by 10 days in much of China amid mounting alarm over an...

9 Feb 2020 2:12 PM IST

Argentine vice-president Cristina Fernandez de Kirchner (AP photo)

Argentina to repay IMF debts after recession ends

Argentina needs to restructure $100 billion in sovereign debt with creditors, including part of a $57 billion credit...

9 Feb 2020 1:58 PM IST

Representational image

Toy import duty hike will impact wholesale retailers

Toy wholesalers contend that the import duty hike will result in the closure of businesses and a spurt in unemployment

9 Feb 2020 1:46 PM IST

Indian army soldiers perform at the DefExpo in Lucknow held in the first week of Feb 2020. AP file photo

Airbus SE, Boeing Co eye multi-billion dollar deals with India

Airbus SE and US-based Lockheed Martin Corp and Boeing Co. are eying multi-billion dollar deals as India looks to...

9 Feb 2020 1:25 PM IST

Currently, the repo operations are of short-term, usually of overnight, wherein banks can borrow money from the RBI at the prevailing repo rate.

RBI to conduct long-term repo operations on Feb 17, 24 for Rs 50,000...

There will be no restriction on the maximum amount of bidding by individual bidders.

8 Feb 2020 12:38 PM IST

The Tamil Nadu and Andhra Pradesh chief ministers offices did not respond to requests for comment.

Not moving out of Andhra Pradesh, says Kia Motors

Kia has a long-term commitment to the Indian market and has made an investment of USD 1.1 bn in the manufacturing plant...

8 Feb 2020 12:30 PM IST

Reliance Group chairman Anil Ambani.

Anil Ambani to pay USD 100 mn in conditional order for Chinese banks:...

The Reliance Group indicated that it plans to appeal against the ruling, which will involve a process of seeking...

8 Feb 2020 12:27 PM IST

Future First Insurance Broking has teamed up with Arohan Financial Services, part of the Aavishkaar Group, eastern Indias largest NBFC MFI, to offer simple, customized and affordable insurance products in areas of major livelihood threats including health, accident, natural calamities, theft etc.

Days after hiking deposit insurance, FM says working on contentious...

The government was forced to withdraw the FRDI Bill from the House after Opposition members objected to it.

8 Feb 2020 11:53 AM IST