Food processing can generate $33 bn in funds, 9 mn jobs by 2024: Study

The Indian food processing sector has the potential to attract $33 billion of investment and generate nine million person-days of employment by 2024, industry chamber Assocham said on Sunday, citing its study.

"By 2024, food processing sector is expected to employ nine million people in India and expected to generate about 8,000 direct and 80,000 indirect jobs in the state,"

Jio competitors see washout in Q3, losses likely in Q4 too

The balance-sheet of major telecom operators in India -- Bharti Airtel, Idea Cellular and Reliance Communications -- came under major pressure in the third quarter (October-December) of the current fiscal and the trend is likely to continue in the fourth quarter, say the experts.

"Margin pressure on telcos will continue as long the free data offer from Reliance Jio continues. As

Mutual Fund industry expects AUM to reach Rs 35 lakh cr in five years

With growing retail participation, low interest rates, digitisation and introduction of new products, the mutual fund industry is expecting to double its assets under management (AUM) to Rs 35 lakh crore over the next five years, industry players said on Saturday.

As of January 31, 2017 the assets under management of the industry stood at Rs 17.37 lakh crore and industry members estim

First cargo vessel from Kolkata arrives at Dhaka river port

Paving way for direct cargo vessel movement between India and Bangladesh, the first container ship from Kolkata arrived at Dhaka's Panagon river port, media reports said.

The 'Shonartori Nou Kalyan-1' reached the Pangaon Inland Container Terminal at Keraniganj upazila on Friday with 65 containers on board, reported.

With this -- the bilateral 'Co

Competition led to 30% airfare drop in India: Minister

The Union Civil Aviation Ministry's role in ensuring competition between commercial airline companies, along with fall in oil prices globally, led to a drop in air fares by as much as 30 per cent, a minister said on Saturday.

"If we are looking at the country as a whole, then average airfares have actually fallen by 30 per cent," Union Minister for Civil Aviation Ashok G

Indian IT industry faces twin challenges of Trump, automation

MUMBAI  - Automation and the new U.S. administration were the big unknowns at the Indian tech sector's annual shindig this week, with machines threatening to take away thousands of jobs and concerns over possible visa rule changes in the key American market.

But senior executives from the $150 billion industry, which rose to prominence at the turn of the cent

HSIIDC does away with approval for building plans

 To boost industrial activity in Haryana, the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) on Friday announced that the mandatory condition of getting building plans approved for setting up industry has been done away with.

"Giving a major relief to the allottees and industrialist in the estates of HSIIDC, the approval of building plans of ind

Telephone subscribers grew 2.48% in December: TRAI

The number of telephone subscribers in India increased from 1,123.96 million at the end of November 2016 to 1,151.78 million at the end of December 2016 - a monthly growth rate of 2.48 per cent, data released by the Telecom Regulatory Authority of India (TRAI) on Friday said here.

The urban subscription increased from 659.03 million at the end of November 2016 to 683.14 million at the

TRAI floats consultation paper on regulatory principles of tariff assessment

Taking note of the changing dynamics of the telecom industry, the sector regulator on Friday issued a consultation paper to discuss various regulatory principles of tariff assessment.

The Consultation Paper on Regulatory Principles of Tariff Assessment issued by Telecom Regulatory Authority of India (TRAI) sought stakeholders' opinion on various crucial issues like transparency in

India played key role in climate action plan: Suresh Prabhu

Railway Minister Suresh Prabhu on Friday described climate change as a major global issue and pointed out that India played a key role in initiating climate action plan as part of solutions.

"Climate Change is a big threat for the mankind, we can tackle through collaborative efforts," Prabhu told reporters after flagging off the Science Express Climate Action Special train h

Eight Executive Directors appointed in various banks

Eight Executive Directors (EDs) have been appointed in various public sector banks on the recommendations of Banks Board Bureau, reported PTI. Neelam Damodharan and Atanu Kumar Das have been appointed as EDs in Bank of India.

Damodharan is General Manager in Bank of Baroda and Das is GM in Vijaya Bank. K Swaminathan, General Manager in Indian Overseas Bank, has been appointed as ED in

Ranganathan, Mehta appointed Non-Official Director in IOB, PNB

T C A Ranganathan and Sunil Mehta were today appointed as Non-Official Directors in Indian Overseas Bank and Punjab National Bank respectively.

The Appointments Committee of Cabinet has cleared their appointment as Non-Official Director/Non-Executive Chairman in the respective banks for a period of three years, an order issued by Personnel Ministry said. Mehta's appointment is sub

India, Norway discuss strengthening bilateral ties in fishery

Agriculture Minister Radha Mohan Singh met his Norwegian counterpart Jon Georg Dale and discussed further strengthening bilateral ties in fishery sector and cooperation in developing climate smart fishing techniques as also trade in marine products.

“Bilateral cooperation in fisheries between India and Norway has grown and there is ample potential for furthering relationship in

Trai begins operator-assisted test for call drops: Reports

Regulator TRAI has said that it has begun operator-assisted drive test that captures real-time data to monitor the level of call drops and voice quality across multiple cities. As per reports, the operator-assisted tests involves the telecom firms' equipment and costs, with the regulator monitoring and supervising the entire process.

Commenting on the issue, TRAI Chairman RS Sharm

Meity to look after promotion of digital transactions: Reports

As per the new rules, the works relating to promotion of digital transactions will be looked after by Ministry of Electronics and Information Technology (Meity).

As per reports, President Pranab Mukherjee has given nod to change government of India, Allocation of Business Rules, 1961, to delegate work of "Promotion of Digital Transactions including Digital Payments" As per r

Passengers to pay about 15% extra for Antodaya Express

General passengers will have to shell out about 15 per cent more than the existing fare for travelling in Antodaya Express, the fully unreserved superfast service to be launched shortly in dense routes.

Equipped with facilities like water purifiers, mobile phone charging points and fire extinguishers among others, the first Antodaya Express is slated to be pressed into service from Mu

Tourism & education could be new areas for investment: Arun Jaitley

Union Finance Minister Arun Jaitley today said Jharkhand has a stable government and tourism and education could be the areas for new investments in the state.

He said it was natural that investment would come in traditional areas but investments in new sectors like tourism and education would also come in Jharkhand. Jaitley, who was here as chief guest for the inaugural ceremony of G

`Chardham` highway project to be completed by 2018: Minister

The Indian Government has said that Rs 12,000 crore 'Chardham' highway project in Uttarakhand will be completed by the end of 2018 irrespective of which party comes to power in the state. Commenting on the issue, Union minister Nitin Gadkari told the media, "This (Chardham project) is a promise made to the people of Uttarakhand.

Prime Minister Narendra Modi has initiated

Government plans to auction 30 mines in Jharkhand: Minister

The Indian Government has said that it plans to auction 30 mines in Jharkhand and the process is likely to start this fiscal. Commenting on the issue, Coal and Mines Minister Piyush Goyal told the media, "This year itself, we are hoping to auction at least 30 new mines in Jharkhand.

It will be in bauxite, gold, diamond, emeralds and iron ore." “Jharkhand can promote lo

Stent price cut will boost innovation: Healthcare expert

Welcoming the Centre's decision to slash prices of coronary stents by up to 400 per cent, the Asian Heart Institute said the move will boost innovation in the indigenous industry, reported PTI. "Affordable healthcare has been the bane of the robust democracy that we are.

Hence, my first instinct is to welcome this move. This move brings a major relief to lakhs of cardiac pati

56% merchants still do not accept digital payments: Survey

 As much as 56 per cent of the merchants still do not accept digital payments because of the risks and cost of handling cash along with a fear of income loss after adopting digital payment solutions, a new survey has said.

"More than half -- 56 per cent -- of the surveyed merchants still do not accept digital payments. Fear of an income loss can be a key determinant for

Philippines move to cut mining to save ecology angers industry

Mining companies in the Philippines accused the government on Thursday of wanting to kill the industry after it unveiled plans to cancel 75 mining contracts and ordered the closure of 23 mines, a media report said.

The step would be taken across the country as the mines were having a negative impact on the environment, Efe news reported.

On Tuesday, the country's Environ

Municipalities having surplus can issue bonds: Sebi

To boost the market for municipal bonds, regulator Sebi has allowed municipalities having a surplus in their books in any of the three preceding financial years to issue such securities. The move comes after Sebi's board last month approved changes to the relevant regulations in order to provide a criteria that is alternative to 'net worth' of municipalities.

The decision

Chirag Galundia Ex-Snapdeal Executive joins

Chirag Galundia, ex-Snapdeal executive has joined real estate brokerage startup, which has 18 branches pan India. Real estate brokerage is big business in India with a market size of more than USD 12 billion and more than 20 lacs real estate brokers are working in this sector. However, the services required by new age consumers leaves a lot to be desired in this space.


Government launches free sim cards at airports for foreign tourists

Union Tourism Minister Mahesh Sharma has launched pre-loaded SIM cards for tourists arriving in India on e-visa. These SIMs, which will be provided by Bharat Sanchar Nigam Limited, will have Rs 50 talk time and 50 Mb internet data at free of cost. "It will facilitate the foreign tourists in communicating with their acquaintances immediately after they land in India," Sharma said. &quo