In Other News

Gold imports in value terms have been shrinking for the past few months except January.

Gold imports dip in FY19

In FY18, the country had imported 804 tonnes valued $33.57 billion.

19 Apr 2019 2:35 AM

The latest study by ICRA on the Indian aviation industry suggests that the recent groundings of aircraft of the Indian aviation industry has already hit its total capacity hard, resulting in increased airfares and more inconvenience to the passengers, thereby affecting passenger traffic growth.

Jet’s grounding to hit aviation industry hard

As on date, 98 of the total 670 aircraft in the industry have been grounded.

19 Apr 2019 2:35 AM

The partnership will allow SEFL and Bank of Baroda to collaborate, co-operate and widen their respective markets and customer base (Photo: Pixabay)

Srei finance arm ties up with BoB for infra loans

BoB, Srei teamed up to offer joint loans for infra equipment under a co-lending arrangement.

19 Apr 2019 2:34 AM

Every store of Happi Mobiles would have a live demo zone, VR (virtual reality) and AR (augmented reality) to increase the first-hand product experience, a press release from the company said.

Happi Mobiles to open 150-200 stores in AP, Telangana

The company intends to open at least 150-200 stores by providing employment to 1,000 people and aims at a sales target of Rs 500 crore.

18 Apr 2019 5:59 PM

To catalyse the pace of its auto loan growth, the Bank on Wednesday announced the launch of two facilities to provide its customers with final sanction letters for car and two-wheeler loans instantaneously, in a fully digital manner.

ICICI sees growth in auto loans despite a fall in vehicle sales

As on December 31, 2018, the bank had an outstanding auto loan book of Rs 53,000 crore.

18 Apr 2019 5:57 AM

The value-eroding negative bond yield environment as well as the spate of political worries has underpinned the flight to gold in the recent past.

European ETFs hint at rise in gold prices

Loose monetary policy and negative bond yields have been indicating that the global and European economy is slowing.

18 Apr 2019 5:51 AM

Financial fraud has grown substantially since last year, with the share of victims doubling to 37% of respondents, and all age segments falling victim to fraudsters.

Asian banks anticipate more frauds

Age group of 27 to 37 has been most impacted by financial fraud than other age groups.

18 Apr 2019 5:02 AM

A government report which was leaked in January this year also recorded that the unemployment rate in India rose to a 45-year high in 2017-2018.

After demonetisation, 50 lakh lost jobs over 2 years: Report

The overall unemployment rate was pegged at around 6 per cent in 2017-2018, as per leaked NSSO report.

17 Apr 2019 12:25 PM

GR and AGR (turnover from sale of telecom services) of the telecom service sector declined by 3.43 per cent to Rs 58,991 crore and 6.44 per cent to Rs 36,054 crore.

Telcos' revenue may grow 7 pc, network capex capped at Rs 90,000 cr in FY20

According to Trai's latest data, gross revenue and adjusted gross revenue of the telecom service providers have been on the decline.

17 Apr 2019 9:02 AM

The RBI will issue Rs 50 denomination banknotes in Mahatma Gandhi new series bearing the signature of Das.

RBI says it will issue Rs 50 banknotes signed by Guv Das

All banknotes in the denomination of Rs 50 issued by the Reserve Bank in the past will continue to be legal tender.

17 Apr 2019 8:31 AM

In contrast, during the same period, mutual fund charges to the customer typically are at around 2 to 3 per cent.

Never surrender your Ulip policy within five years

The 10-year plan has an annual premium of Rs 1 lakh and the policy has completed three years.

17 Apr 2019 2:01 AM

Filmy Keeda forays into realistic movie genre

The team is now aiming to produce heart-touching real stories.

17 Apr 2019 12:21 AM

Apparel shipments were down 3.42 per cent, while total textile products grew 1.66 per cent.

Apparel shipments down 3.4 per cent in FY19 to $16.14 billion

The apparel exports held back the growth in total exports in FY19 at $35 billion. There was just a marginal growth of 1.66 per cent.

17 Apr 2019 12:07 AM

The pricing policy is currently in a state of flux and the hospitals anticipate the rates to at least increase to the CGHS rates.

Modicare ropes in just 1 per cent of private hospitals

By the Ayushman Bharat website, 15,291 hospitals have been empanelled under the scheme launched in September 2018.

16 Apr 2019 3:04 AM

It has come as a rude shock for investors who considered FMPs to be a suitable alternative to bank fixed deposits.

Loan against shares under regulators lens

RBI, Sebi & Irdai examining issue after last week’s FMP fiasco.

16 Apr 2019 3:03 AM

Since the premium rates haven’t gone up, the insurers may cut down on discounts to offset the revenue loss.

Non-life insurers rue non-revision of premium

The motor segment is the largest portfolio for the general insurance business.

16 Apr 2019 3:02 AM

In March, YouTube had announced that it will start showing 'information panels' -- flagging misinformation and offering correct insights -- for news-related videos on its platform as part of its efforts to curb spread of fake news.

YouTube info panels to display news publisher's govt funding

Social media giants are collaborating with third-parties to verify content to combat spread of 'fake news', ahead of general elections.

15 Apr 2019 3:20 PM

In 2018-19, Government e-Marketplace (GeM) touched Rs 17,325 crore mark in terms of value of transactions as compared to Rs 5,885 crore. (Representational Image)

Govt eyeing Rs 50,000-cr of public procurement through GeM in FY'20

Public procurement of the Central and State governments runs into over Rs 2 lakh crore annually.

15 Apr 2019 1:33 PM

Total original cost of implementation of the 1424 projects was Rs 18,17,469.76 crore and their anticipated completion cost is likely to be Rs 21,33,649.81 crore.

344 infra projects show cost overruns of Rs 3.16 lakh crore

Out of 384 delayed projects, 113 projects have overall delay in the range of 1 to 12 months.

15 Apr 2019 9:05 AM

The Indian Sugar Mills Association (Isma), on its part, is of the view that the hike in MSP was mainly aimed at addressing the issue of mounting cane arrears.

Wholesale sugar prices seen increasing to Rs 34/kg this year

This will also bridge the gap between domestic prices and the cost of production, analysts felt.

15 Apr 2019 1:38 AM