Steel Authority of India Limited (SAIL) has set up a target of 17 million tonnes of production sales in this current fiscal year. The respective firm is a state-owned steelmaking conglomerate which has a futuristic approach to outreach defence as well as aerospace sectors. The company also tends to maximise its retail sale by 15% in its Northern and Eastern …

One of the most renowned conglomerate Larsen & Toubro Infotech came up with an unusual step as of cancelling 1,500 offer letters of various engineering students amid recruitment in Tamil Nadu. The students are in total darkness as the campus placement procedures have almost finished and are under rage thus, seeking help from the government. In fact, few of the …

The government of India has placed orders to bring down prices of 200 more drugs directly to take control over it. Earlier it had put power on 800 drugs which are used in medicines to treat well-known physical ailments such as Cancer, HIV/AIDS, Cardiovascular, etc. The respective details were provided by Press Trust of India on March 13, 2016. The …

PVR Cinemas, which is the India’s biggest multiplex operator, has acquired DLF owned DT Cinemas against deal of Rs. 500 Cr. By this acquisition, PVR has strengthened its presence in the multiplex movie business. DLF’s DT Cinemas has been operating 29 screens across the region of Delhi NCR with a proposal of adding two new properties in NCR and Chandigarh. …

World’s most popular sports brand, Adidas, has decided to shut down its all the golf clubs around the globe. The huge step was taken when the company hired an investment bankGuggenheim Partners to look out for various option in golf business segment amid the drop in sales up to 26% in 2015. The renowned company would definitely continue manufacturing footwear …

A thumbs up for Paytm. Being India’s first e-walletcompany, it got bank payment license from Reserve Bank of India. It’s going to convert its 125 mobile wallets into savings and current accounts very soon. Hopefully, Paytm will launch its new initiative in November 2016. According to Paytm, e-wallet has become a mode of payment. And it’s time to move beyond …

Reserve Bank of India has taken an initiative regarding series of principles in context of Charter of Customer Rights. The norms will help in protecting the Bank customers by implying 5 basic principles. These are: 1) Right To Fair Treatment ; 2) Right To Transparent, Fair & Honest Dealing ; 3) Right To Suitability ; 4) Right To Privacy ; …

As per latest data, transitions of fake Indian currency has increased within three years. The currency amount mostly include 100 INR and 1000 INR, respectively. The total amount found was worth 29.6 crores INR . Though 500 INR fake note transactions have been decreased for few years. The alarming situation came in to being when various banks in India took …

India’s one of the largest automotive manufacturers Maruti Suzuki India has stopped production for some time in its two centres. The sole cause being one of the manufacturing plants caught fire accident and undergone substantial loss.The plants at Manesar and Gurugram have shut down its unit and is likely to resume after things get settled. Manesar plants’ top suppliers, Subros …

In an instant decision making, Uber Technologies, world’s leading carpooling service provider, opted out of Motor Bike Taxi services in Bengaluru. The respective Taxi hailing company continued to provide access through UberMoto app amid government restrictions on two-wheeler taxis. Its’ counterpart Ola Bikes took off the services immediately after an initial warning in March. Uber had been violating rules and …

As per reports fromKon Ferry Hay Group, women in India earn as much as 18.8% lesser than her male colleagues. The sole reason behind it is representing women in highest-paying job categories in all sectors. Globally the data is quite reversible, and lack of well-paid job in top level hierarchy comes as the low earning factor for women in the …

Recently, India imposed anti-dumping duty on China’s iron and steel plants wastage as it was hampering the domestic industry of iron and steel which was extracting reduced qualitative emissions. These included seamless tubes, steel pipes, low profile metal, alloy, stainless steel, etc. The objects were retrieved in its indefinite stances such as hot-finished, cold drawn or cold rolled, and so …

The Port Trust of India(PTI) revealed recently that it has witnessed a gain of 18.78% in operating surplus which worth 4,268 crores INR at the first trimester end of financial year. At present country has 12 ports which operates efficiently unanimously and had collected surplus of 3,593 crores INR in previous year. According to the centre government led by Prime …

Good news for Gold trading sector. The government of India has rolled back from the Budget decision of charging extra 1% tax collection at the source which is known as TCS applicable on direct purchase of gold against cash that worth over Rs. 2 Lakhs. For jewelers and gold importers, it’s a great relief! In the general budget, Government of …

Coal India Limited has been shortly thinking of investing huge amount in machinery which will directly upgrade the production to one million tonne for the next five years. The introduction of highly technology based machines will hamper the labour trade some way or the other. Showing its concern towards the matter one of the trade union personnel stated that it …

RelianceIndustries Ltd (RIL) today announced it had signed some arrangements with TotalSA of France available for sale of its entire 76 per cent stake in African gas companyGulf Africa Petroleum Company (GAPCO) for an unrevealed sum.RIL had in 2007 acquired the majority 76 percent share and also management control in GAPCO, which has a substantial presence in the downstream petroleum …

Recently, government in Delhi and National Capital Region urged that central government should not ban Taxis which run on diesel. They continued as if diesel taxi is barred from commuting then BPO sector will move towards other countries. It will eventually face a loss of approximately $1.2 billions. According to Solicitor General, Ranjith Kumar, The ban would affect the business …

Konkan Railways, which cover the 741 km long route through Maharashtra, Goa and Karnataka is planning to invest as much as 20,000 crores INR for improvisation. These include betterment of freight capacity, connectivity, beautification, and so on. The sceneric beauty has attracted millions around the globe from ages. Thus, investment of such huge amount is mandatory. The connectivity will help …

Silver saw its month low depreciation below Rs. 40,000 per kg in bullion here on Friday, May 20th, 2016. The price rate surged to Rs. 39,950 per kg in Delhi market after 30 days long gap. Gold also saw a price reduction after a long time equally. It was priced at 29,750 per 10 grammes. The sole reason for such …

Indian Space Research Organization (ISRO) launched its space shuttle today named as Reusable Launch Vehicle-Technology Demonstrator (RLV-TD) under the first-ever ‘Made In India’ mission. The space shuttle was done on a whopping budget of 95 crores INR and is 6.5 metres long which weigh 1.75 tonnes. The production happened in Vikram Sarabhai Space Centre in Thiruvananthapuram and was launched from …

Reliance Defence have already 25 licences regarding other sectors and with having more new licences under its authority is ready to become one of the highest permit receiver in the country. A subsidiary to Reliance Infrastructure Limited, the company was granted permission to develop wide range of high technology based equipments such as heavy weapons, armoured vehicles, ammunitions, electric warfare …

The United Kingdom based firm ‘Intertek’ recently introduced Agritech laboratory in Hyderabad. The renowned firm is known for its quality assurance provider for industries around the globe. The newly launched laboratory’s sole purpose will be to seek high-profile DNA tests regardingagri-biotech, plant seeds breeding, and plant seeds production industries. The respective laboratory will sustain A class sate of the art …

Recently, Export-Import Bank of India shared its profit in the financial market which dropped by 56% in the fiscal year 2016 showing a net profit of 316 crores INR in comparison to FY 15 which closed to 726 crores INR. Although after many years, Bank’s loan section cleared a profit of Rs. 1 lakh crore in the very same year. …

Reserve Bank of India issued an appropriate set of guidelines for shareholders in private sector banks by differentiating two segments which include natural persons and legal entities. The new guidelines will help both the entities’ shareholder section meet the extradition capital appear under Base III regulations and thus, channelise the limits of owners. Just as to bring under categories, the …

Lucknow, The City of Nawabs, being at the top of the list of Smart Cities earned it after quite a span of time. The winners list was announced at Fast Track competition for almost 23 cities, belonging to Union Territories and States on Tuesday. Out of which 13 could make it to the finale list and were announced as one …