Sovereign gold bonds subscription to open on Monday

The government has said that the first tranche of the sovereign gold bonds (SGB) will open for public subscription on April 24. The issue price of the bonds has been fixed at Rs 50 per gram, less than the nominal value of gold and the bonds would earn an interest of 2.75 per cent per annum, payable every six months on initial investment, finance ministry said in a statement.


CII inks MoUs with 3 Singapore Universities

The Confederation of Indian Industry (CII) has signed agreements with three Singapore universities to provide training opportunities to students.

The memorandum of understandings (MoUs) will allow the universities and International Enterprise (IE) Singapore, a business promotion agency, to tap into CII's network of over 8,000 members to create overseas attachment opportunities for

Foreign tourist arrivals up by 10.7% in March on y-o-y basis

Foreign tourist arrivals (FTAs) in India has increased by 10.7 per cent with 9.05 lakh people visiting the country in March as compared to 8.17 lakh in the corresponding period the last year, the government said.

A total of 1.46 lakh tourist arrived on the e-tourist visa last month as compared to 1.16 lakh in March 2016, registering a growth of 25.8 per cent, the Tourism Ministry said

Government to increase flights from Delhi by 40% in next few years

The Indian Government has said that with increasing passenger traffic at the international airport in Delhi, authorities plan to increase the number of aircraft movements by over 40 per cent to 95 movements per hour in three years.

Commenting on the issue, Union Minister Jayant Sinha said that there was a strong working hypothesis to increase the aircraft movements at the aerodrome.

Mallya extradition: Indian, British governments in touch

 The governments of India and Britain are in touch with each other over the matter of liquor baron Vijay Mallya's extradition, a senior official said on Thursday

"The two governments are in touch with each other on the matter of the extradition proceedings against Vijay Mallya," External Affairs Ministry spokesperson Gopal Baglay said in his weekly media briefing he

Prime Minister Narendra Modi to launch UDAN air connectivity scheme on April 27

Union Minister Jayant Sinha on Thursday said Prime Minister Narendra Modi will launch the government's air regional connectivity scheme -- UDAN -- on April 27.

Sinha disclosed this at the 11th edition of the Mindmine Summit organised by the Mindmine Institute, an independent think tank set up by Hero Enterprise.

"The aviation industry in India is a sunrise sector. W

H-1B not immigration but trade, services issue: India

With US President Donald Trump ordering tougher conditions for issuance of H-1B visas, the biggest beneficiaries of which are Indians, a senior official here said on Thursday that it is not a matter concerning immigration but that of trade and services.

"It is not an immigration matter as we have said earlier, it is basically a trade and services issue," External Affairs Min

Price band for iron ore soon to curb volatility: Minister

The central government on Thursday said it will soon announce a pricing mechanism for iron ore that would set a price band within which the mineral price would be allowed to fluctuate.

"We have set up a committee on iron ore pricing, which will present its report in the next 15-20 days, at the most in a month's time," Minister of Steel Chaudhary Birendra Singh told BTVi

P-note investments hits 4-month high in March

Investments in domestic capital markets via participatory notes (P-notes) have surprisingly soared to 4-month high of Rs 1.78 lakh crore at the end of March despite stringent norms put in place by Sebi to curb inflow of illicit funds. P-notes are issued by registered Foreign Portfolio Investors to overseas investors who wish to be a part of the Indian stock markets without registering themselve

Credit profiles of top four private airports to remain healthy: CRISIL

CRISIL, a global rating agency, has said that airports in New Delhi, Mumbai, Hyderabad and Bengaluru, which cater to nearly 55 per cent of India’s air traffic and are operating near-full capacity, will need to spend heavily on expansion through 2021.

“Yet, their credit quality will remain healthy because of business model strength backed by robust traffic growth and predic

Strong rupee, weak global trade to impact margins of textile exporters

India Ratings and Research (Ind-Ra) has said that textile & apparel (T&A) exporters’ earnings and operating margins will be impacted in the near term due to 5 per cent appreciation in Indian rupee against the dollar in 2017, and weak apparel imports from traditional markets such as US and UK. The on-going strength of the INR vs USD as reflected in the 3-month USDINR futures tradin

Softened interest rates likely to brighten solar sector, says India Ratings and Research

India Ratings and Research (Ind-Ra), a leading rating agency, has estimates that Rs 560 billion out of total debt of Rs 1,730 billion could be refinanced at a lower borrowing cost across various infrastructure sub-sectors in its portfolio till FY19. Also, there could be a shift in the type of instruments issued for the purpose of raising capital in the sector largely to the capital market instr

Amended mega power policy to give breather to banks: India Ratings and Research

The extension by five years for complying with the Mega Power Policy 2009 norms will reduce contingent liabilities and free up banking limits to 25 mega power projects, thus granting them a fresh lease of life, says India Ratings and Research (Ind-Ra). Ind-Ra opined that this will also in turn free up banks’ potential exposure to the power sector by around 3.50 per cent or Rs 40 billion,

Suresh Prabhu flags off freight trains

The Railway Minister Suresh Prabhu has dedicated the new freight terminals under mission hundred & flagged off 3 freight trains through video conferencing from Rail Bhavan, as per the government release. The Ministry of Railways said in a statement that, the minister dedicated new freight terminals under mission hundred & flagged off freight trains from following freight terminals: Adan

India develops action plan to combat antimicrobial resistance

Union Minister of Health and Family Welfare J P Nadda said that antimicrobial resistance is a serious threat to global public health that requires action across all government sectors and society and is driven by many interconnected factors. While speaking at the Inter-Ministerial Consultation on AMR containment, Nadda said, “Single, isolated interventions have limited impact and coordina

Indian IT firms may face layoffs due to US visa curbs: Assocham

With the US tightening the norms for H-1B visas under the President Donald Trump's 'Buy American, Hire American' campaign, the Indian IT companies are bound to face disruptions by way of higher costs and even some laying off work force back home, and the rising rupee is aggravating the situation further for the technology export firms, an Assocham paper said.

Nearly 86 per

Government approves leave encashment scheme for defence personnel

The government has approved leave encashment of up to three months for those defence personnel who died or were disabled while in service between 1991 and 1999. The decision will benefit the families of 9,777 officers and other personnel of the defence services who died or were invalidated out of service between December 30, 1991 and November 29, 1999 with less than 15 years of service.

Au Small Finance Bank commences operations

Jaipur-based Au Small Finance Bank has started its operations as a small finance bank. "Au Small Finance Bank Limited has commenced operations as a small finance bank with effect from April 19, 2017," the Reserve Bank said in a release. The RBI said it has issued a licence to the bank under the Banking Regulation Act, 1949 to carry on the business of small finance bank in India. Au Fi

Use of technology can solve every problem in Railways: Minister

The Indian Railways has said that it is backing the use of cutting edge technology in the transportation sector, stressing that technology is the solution of every problem. Commenting on the issue, Railway Minist Seruresh Prabhu told the media, "We need to modernise, upgrade our infrastructure and find technology solution.

All problems can be solved through technology...Right tec

Four private airports require capacity expansion: Crisil

A report has said that four major private airports in the country will require an investment of Rs 27,000 crore in expanding the existing capacity by 2021, which has reached near optimum level. As per reports, the four private airports -- New Delhi, Mumbai, Hyderabad and Bengaluru -- cater to nearly 55 per cent of the country's total air traffic.

These airports are operating at ne

Prime Minister to unveil UDAN scheme from Shimla airport: Reports

The Indian Government has said that Prime Minister Narendra Modi will launch regional connectivity scheme 'UDAN' on April 27 from Shimla Airport at Jubbarhatti.

As per reports, the Prime Minister will land at Jubbarhatti airport and after launching UDAN (Ude Desh ka Aam Nagrik) scheme, will reach the historic Ridge Maidan where he will address a BJP rally. As per reports, this

No impact of Australian visa move on Indian techies: Nasscom

 Indian techies working in Australia would not be affected by its government's move on visas granted to them under a specific category, said the Indian IT industry's representative body Nasscom on Wednesday.

"Our initial assessment is that the move should not have a major impact on visas granted to Indian IT workers, as the '457 visa category' covered a lot o

RIL commissions giant ethane project in Gujarat

Reliance Industries (RIL) on Wednesday announced the commissioning of its ethane gas project at its Dahej manufacturing facility in Gujarat, including the ethane receipt and handling facilities and ethane cracking, all within a record three years.

The project uses shale gas ethane transported from the US, which has emerged as a major producer. 

"The project involve

Nasscom allays fears over Trump's order on H1-B visas

 US President Donald Trump's new executive order on the H1-B visas for software engineers would have no impact or change the lottery underway, said the Indian IT industry's representative body Nasscom on Wednesday.

"Nothing is being proposed that would impact or change the FY 2018 H-1B lottery (system) that is underway. No new changes are being implemented immediatel

Prabhu flags-off 45 freight terminals, new Kerala passenger train

Railway Minister Suresh Prabhu on Wednesday flagged-off a passenger train for Kerala, along with 45 freight terminals envisaged under 'Mission Hundred' -- an objective as per the 2016-17 Budget.

"Kerala is a state with high population density with not much urban-rural divide, so demand for public transport is high. Providing intercity transport for Kerala is important,&qu