Property prices rise 3.1% in Oct-Dec in 14 Indian cities

 The Indian real estate sector witnessed an average price increase of 3.1 per cent in 46 per cent of the 750 localities across 14 major cities during October-December 2017, revealed Magicbricks PropIndex.

"After almost two years, the National Price Index of Magicbricks PropIndex had seen first price gain in July-September 2017 quarter and this positive sentiment continues in

Rising g-sec bond yields credit negative for PSBs: Moody`s

The recent spike in government bond yields are credit negative for public-sector banks as it would affect the lenders overall profitability, says a report as per the PTI. As of 12 January, the 10-year benchmark bond yielded 7.28 per cent, more than 30 basis points higher than two months earlier.

The report by Moody's said in the last few quarters, a large proportion of PSBs' o

`Accord national priority status to healthcare`

Giving national priority status to healthcare and adoption of universal health insurance are some of the important steps required to boost healthcare delivery in the country, Apollo Hospitals said as per the PTI report. The Budget must acknowledge that quality of healthcare delivery is non-negotiable, it said in a statement.

Finance Minister Arun Jaitley will present the Budget in Par

JLR India head calls for reasonable taxes on luxury cars

The government must not impose high taxes on big SUVs and cars just because they are luxury vehicles, instead a reasonable way must be considered to help expand the market and contribute more in employment creation, according to a Jaguar Land Rover (JLR) India top official.

Stating that taxes on luxury vehicles in India are among the highest in the world, JLR India President and Manag

FMCG players want Budget to focus on rural wages, job creation

Ahead of the Budget, FMCG players have pitched for policies that focus on rural markets to reverse slide in wages, create more jobs and reduction in personal tax slabs to give more purchasing power to consumers, reported PTI.

Besides, the industry has sought incentives for setting up warehousing and cold chain facilities and efforts to increase Foreign Direct Investment (FDI) in the s

Government to auction 8 more mineral blocks by mid-march: Reports

The Indian Government has said that it has identified eight more mineral blocks with a cumulative reserve of 1,133 million tonnes (MT) in Rajasthan, Chhattisgarh and Jharkhand to be auctioned by mid-march.

As per reports, till now, a total of 88 mineral blocks have been notified by 9 states for auction, of which 33 blocks have been successfully auctioned with an estimated revenue of R

All 11,000 trains, 8,500 stations to have CCTV surveillance

In its endeavour to provide a safe and secure travel experience to passengers, India Railways is pitching for the procurement of about 12 lakh CCTV cameras to ensure state-of-the-art surveillance systems in all trains and stations across the country.

The Railways will make a provision of around Rs 3,000 crore in its budget for 2018-19 to install CCTV systems in all 11,000 trains

Steel Ministry to resolve rake issue with Railways: Reports

According to Union Minister Chaudhary Birender Singh, the Steel Ministry is in talks with the Railways Ministry to ensure the adequate availability of rakes for industries that have been saying the problem has led to a shortage of raw materials at plants.

As per reports, Railway rakes are those wagons which carry various raw materials like coal and iron ore to industrial plants. Coal-

NMDC to produce 45 MT iron ore in next fiscal: Reports

State-owned NMDC Ltd has said that it is planning to produce about 45 million tonnes (MT) of iron ore during the next financial year as against the expected 35 million tonnes in the current fiscal. Commenting on the issue, N Baijendra Kumar, CMD of NMDC told the media, "Last year, we achieved 34.5 million tonnes of production.

This year (FY18) the first two quarters were good. Bu

Process of auctioning of mining leases to begin soon: Minister

The Indian Government has said that the process of auctioning of mining leases which expire in 2020 would begin with immediate effect to ensure mineral production does not come down in the future. Commenting on the issue, Union Mines Minister Narendra Singh Tomar told the media,

"The Union and state governments today unanimously decided that the auctioning process of these mines,

Uber enters into partnership with Eastern Railway

App-cab company, Uber has said that it has entered into a partnership with Eastern Railway to help travellers avail a ride at Howrah station, which is one of the busiest railway terminals in the country. Commenting on the issue, an Uber Official told the media, “Uber will set up booking zones at the station where even those who do not have the app will be able to book a ride.”

Reinsurance regulations to come by Feb end: IRDAI

Insurance Regulatory and Development Authority of India (IRDAI) has said that the final reinsurance regulations are due by the end of February. Commenting on the issue, Chairman T S Vijayan told the media, "The reinsurance regulations are coming by February end. The regulations will define the business in India and the order of preference.”

“Life insurance product reg

Provide info on delay in implementation of TPWS: CIC

The Central Information Commission (CIC) has said that it has directed the Department of Scientific and Industrial Research (DSIR) to provide information on delay in the implementation of the Train Protection Warning System (TPWS).

As per reports, Information Commissioner Sridhar Acharyulu also issued a show cause notice to the Central Public Information Officer of DSIR, B N Sarkar, f

`Online stores, big store chains impact distribution system`

Online stores offering huge range of products and big store chains entering retail marketing create an adverse impact on the distribution system, besides damaging the small retail network, Federation of All India Distributors Association said as per the PTI report.

"Distributors purchase products from manufacturers by paying full cash and supply to retail outlets, small or big by

Call drops issue telco-specific, can`t be generalised: COAI

COAI has said call drops are a result of operator churn and difficulty in getting approvals for installing infrastructure and operator-specific issues on service quality are not "emblematic" of the whole industry, reported PTI. The comments come at a time when spurt in call drops has once again come under the telecom department's gaze and Telecom Secretary Aruna Sundararajan is pl

Regulation should be kept at minimum, not stifle industry, says Suresh Prabhu

 A government cannot run industry and regulation on businesses should be kept to a minimum to attract more foreign direct investment (FDI) and spur domestic financing, according to a minister.

Commerce and Industry Minister Suresh Prabhu said that a committee had been set up under the chairmanship of the Secretary, Department of Industrial Policy and Promotion, to look at re

Odisha`s export turnover may touch Rs 1 lakh cr by 2025: Minister

 The Odisha government on Saturday said the export turnover of Odisha may touch Rs one lakh crore before 2025.

Inaugurating the "Raptani Bhawan" here, MSME Minister Prafulla Samal said Odisha is going to have a new Export Strategy, which is being prepared in consultation with Federation of Indian Export Organisation (FIEO).

With opening and shifting

India opens new ports for used steel imports

NEW DELHI - India has increased the number of ports that can handle imports of non-prime steel to a total of six, with the addition of three new ports, the ministry of commerce and industry said.

A ministry notification dated Jan 18. and made public on Saturday implies all types of steel can be imported through the new ports. The is set to encourage foreign purchases

India restricts use of imported petcoke in Delhi region

NEW DELHI - India's environment ministry has placed restrictions on the use of imported petroleum coke in the capital Delhi and its surrounding region, in the latest effort to curb rising air pollution.

As the world's largest consumer of petcoke, India imports over half its annual petcoke consumption of about 27 million tonnes, mainly from the United States. L

Naidu calls for action plan to revitalise farming sector

Expressing concern over the agrarian distress affecting millions of farmers across the country, Vice-President M. Venkaiah Naidu on Friday called for a medium-term and long-term action plan to revitalize the farm sector.

"We need to formulate a medium-term and a long-term action plan for private and public investments with strategic directions to revitalize the farm sector,"

56% smart cities prone to floods: Report

As much as 56 per cent of smart cities are prone to floods which are responsible for 77 per cent of all disasters in India, a report said on Friday.

The report, based on disaster data between 2000 and 2017, observed that India has a mean of 11 flood events per district over the last 18 years.

Following floods, other disaster share was cyclone (22 per cent), extreme temperatu

Modi to attend World Economic Forum

Prime Minister Narendra Modi will leave for Davos, Switzerland, on Monday to attend this year's World Economic Forum, it was announced on Friday.

This will be the first prime ministerial participation from India in two decades after the participation of then Prime Minister H.D. Devegowda in 1997.

Explaining the significance of Modi's visit, Vijay Gokhale, Secretary (

Sebi allows strategic investors to invest up to 25% in REITs and InvITs

Securities market regulator Sebi has eased norms for real estate investments trusts (REITs) and infrastructure investment trusts (InvITs) to raise funds from strategic investors.

According to a Sebi circular, REITs and InvITs can invite subscriptions from strategic investors.

"The strategic investor(s) shall, either jointly or severally, invest not less than 5

MoU signed for soft skill training in Odisha

 A tripartite MoU was on Friday signed for implementation of a soft skill training programme in some Odisha Industrial Training Institutes (ITIs) under which 800 students will be trained over two years.

The agreement was inked by the Odisha Skill Development Authority (OSDA), Tata STRIVE of Tata Community Initiatives Trust and entrepreneur Susmita Bagchi to improve life skills of

TRAI recommends allowing in-flight internet connectivity

NEW DELHI  - The Telecom Regulatory Authority of India (TRAI) on Friday recommended that internet services like wi-fi and mobile connectivity should be permitted on domestic and international flights in India.

India is one of the world's fastest-growing aviation markets and also the world's fastest growing internet services market, and such a step is like