The number of frauds related to Internet banking and credit and debit cards in India has increased four fold in the last one year, according to data reported by the banks to the Reserve Bank of India. Banks have already reported 10,220 incidents under the RBI’s Fraud Monitoring System involving an amount of Rs 111.86 […]
Indian external affairs minister Sushma Swaraj on Thursday denied reports that China has restarted construction activity at or near the site of a stand-off between the two countries earlier this year. “Since the disengagement of Indian and Chinese border personnel in the Doklam area on 28 August 2017, there have been no new developments at […]
Maruti Suzuki India Limited said it entered into an agreement with the Government of NCT of Delhi to set up Driving Test Centres in 12 locations in the city. In the first phase, these Automated Driving Test Centres will be set up at Hauz Khas, Shakur Basti, Raja Garden, Hari Nagar, Burari, Loni Road, Sarai […]
Close to 5,997 out of the 17,106 faculty positions in central universities like Jawaharlal Nehru University, Nalanda University and University of Hyderabad are lying vacant, data from the ministry of human resources show. There are 40 universities that are run directly by the ministry of HRD, including five in Delhi and six in Uttar Pradesh. […]
Data from the ministry of women and child development has revealed that the five southern states — Tamil Nadu, Kerala, Karnataka, Telangana and Andhra — account for close to 65% of all cases registered under the Prohibition of Child Marriage Act in the last three years. The four states accounted for 578 cases registered under […]
The total amount raised via initial public offering of equity shares in the first eight months of the current financial year is more than the total proceeds raised in the previous five years, according to SEBI data. A total of Rs 62,736 crore has been raised in April-November period, higher than the Rs 62,147 raised […]
Subramanian Swamy, the BJP leader known for speaking his mind, today said the 2G scam case was “sabotaged” by law officials who were in charge of the case and investigation. Swamy pointed out that the judge in his order noted that there was a lot of enthusiasm in the beginning, but it disappeared later, and […]
A total of 35 aircraft — including fighter jets — have crashed in India over the last three years, the ministry of defence said. The 35 aircraft included 11 helicopters belonging to various divisions of the defence forces. A total of 14 pilots lost their lives in these accidents, the ministry said. The fighter jets […]
Steel Authority of India Ltd, one of India’s top steelmakers, said it has approved giving voluntary retirement compensation to 1,269 employees totaling Rs 254 cr. The figure comes to about Rs 20 lakhs per employee on average. VRS 2017, as the scheme is called, will result in savings of Rs 127 cr per year for […]
Sixteen candidates of the Indian National Congress, who lost the Gujarat state elections by a margin of 3,000 votes or less, are likely to approach the Gujarat High Court to seek counting of paper slips. It is expected that there are about 40 seats where the victory margin was 3000 or less. The candidates will […]
Around 1,500 farmers from Haryana have been fined a total of Rs 39.85 lakh for burning agricultural stubble between July to October this year, the government said. The action was taken to dissuade farmers from burning agricultural waste. Burning of agricultural waste has been blamed for worsening air quality levels in national capital Delhi. Air […]
India had good news on the foreign trade front as exports continued to grow fast, overtaking the growth in imports. However, there was no relief from continued trade deficit as the absolute import figure was substantially higher than exports. Exports during November 2017 rose 30.55% in dollar terms when compared with the same month last […]
Infrastructure major GMR Group said it has emerged, along with a partner, as the top bidder in a race to construct a new eight-million-passenger airport in Philippines, and expects to get the order in one week. The company, along with partner Megawide Construction Corporation, submitted the most competitive financial bid, it said. “Clark airport is […]
ICICI Bank said it raised international debt $500 mln at an interest cost of 3.8%. “The notes carry a coupon of 3.80% and were offered at an issue price of 99.728,” India’s second biggest private sector bank said. The sale of the 10-year bonds was done through its DIFC branch in UAE. The notes were […]
Post production services company Prime Focus Limited said it will raise Rs 330 cr by selling warrants, mostly to its promoter group. The company would issue 31 mln warrants, taking the total diluted equity base of the company to 330 mln from 299 mln. The warrants are being issued at Rs 106 each compared to […]
India’s comerce and industry minister Suresh Prabhu and his deputy will announce a ‘revised’ foreign trade policy for the country at 4 PM today, the government said. The current Foreign Trade Policy, which sets long-term targets for exports growth, trade gap and so on, was announced in 2015 and aimed to take India’s exports from […]
Rupa & Company, one of India’s largest knitwear manufacturers, said it is launching ‘Fruit of the Loom’ underwear brand in India. Fruit of the Loom, based in Kentucky, is one of the largest manufacturers and marketers underwear, T-shirts and fleece in the world. The company will launch 87 styles across the men’s & women’s range […]
Automotive wheel maker Steel Strips Wheels said it won a contract to supply 6,000 truck wheels to a European customer for use on trailers. “Steel Strips Wheels has already marked its entry into the high potential truck and trailer market in EU and aims to strengthen it in the future,” it said. The wheels have […]
Mahindra & Mahindra said Uber, the taxi company, will deploy ‘hundreds of electric cars’ from the company in Delhi and Hyderabad. The partnership will gradually be expanded to other cities, it said. Mahindra’s electric vehicles on the Uber platform will include the ezoPlus hatch and the eVerito sedan. “As part of this collaboration, both the […]
India’s fifth largest private sector bank Yes Bank said it is raising $400 Mn — about Rs 2,600 cr — through two five-year syndicated loans from banks in Taiwan and Japan. It will raise $250 Mn from Taiwanese banks and 16.5 Bn Yen — about $150 Mn — from Japan. “YES BANK has successfully tied […]
