MHRD signs MoU with 18 states, 1 UT for TEQIP-III

A Memorandum of Understanding (MoU) has been signed between the Ministry of Human Resource Development (MHRD) and 18 states and 1 UT in New Delhi for Technical Education Quality Improvement Programme (Phase- III), as per the government release.

The Ministry of Human Resource Development said in its release that, “The Union HRD Minister Prakash Javadekar signed MoU for Technical

Teesta III to be commercially operational in next 4 months

All six units of much-delayed 1200 MW Teesta III hydro power project in Sikkim will be synchornised by March and power can start flowing from the plant by April-May this year, Power Minister Piyush Goyal said.

"Power can start flowing by April or May," Goyal said in a press conference here when asked about the progress on TEESTA III 1200 MW hydro power project in Sikkim. Pow

Syska ventures into FMCG segment

LED light maker Syska has forayed into the FMCG segment by launching its range of personal care products. Syska, which is targeting the youths, has roped in Sunny Leone and Tamannaah Bhatia and Sushant Singh Rajput as its brand ambassador for its male and female Category, the company said in a statement.

The company has launched 30 beauty and grooming products for both men and women w

Samsung, Apple top global semiconductor buyers in 2016: Gartner

Representing 18.2 per cent of the total worldwide market, Samsung Electronics and Apple remained the top two semiconductor chip buyers in 2016, market research firm Gartner said on Friday.

Samsung and Apple together consumed $61.7 billion of semiconductors in 2016 -- an increase of $0.4 billion from 2015.

"This is the sixth consecutive year that Samsung Electronics and

Government planning to divest stake in IRCTC: Reports

The Indian Government has said that it is aiming big ticket divestment through listing of railway PSU IRCTC. Commenting on the issue, Finance Minister Arun Jaitley said, "Listing of IRCTC will be a big time ticket item and will have huge consequences." As per reports, disinvestment proceeds are pegged at Rs 72,000 crore for FY2017-18 in the budget presented yesterday.


Telecom subscriber base crosses1.12 bn in November: Trai

A report has said that telecom subscriber base grew by 21.02 million to cross 1.12 billion at end-November 2016 on account of large number of additions by Reliance Jio.

Commenting on the issue, a telecom regulator Trai Official told the media, "The number of telephone subscribers in India increased from 1,102.94 million at the end of October 2016 to 1,123.96 million at the end of

Railways adds 2 new features to its mobile app: Reports

The Indian Railways has said that it has made its UTS mobile ticketing application more passenger-friendly by adding two features on the Android-based platform. Commenting on the issue, a Railway Official told the media, “The Centre for Railway Information Systems (CRIS), the IT arm of Railways, has added two important features on the Android-run application to make payments and printing

India witnessed highest growth in domestic travel: IATA

According to IATA, India witnessed the highest growth of 23.3 per cent in domestic air travel demand worldwide in 2016 twice that of neighbouring China.

The global airlines' grouping today said domestic India market topped the growth chart for the second year in a row with passenger volumes surging twice as that of China. "Domestic air travel rose 5.7 per cent in 2016. Capaci

Government to take steps to re-energise capital goods sector: Reports

Union Minister Anant Geete has assured Indian manufacturers that the government would take concrete steps for re-energising the capital goods, automotive and heavy industries sectors, said media reports.

Commenting on the issue, Union Minister Geete said,” The Budget contains a number of proposals to give a critical push to the manufacturing sector and Indian industry must take

MSME Ministry receives 4.40 lakh applications

The Union Ministry of Micro, Small and Medium Enterprises (MSMEs) received 4.40 lakh applications from entrepreneurs seeking assistance for setting up a business, Minister of State for MSME Haribhai Parthibhai Chaudhary said here on Thursday.

"I recently took a meeting of small entrepreneurs in Mumbai and received applications from 4.40 lakh entrepreneurs for setting up new indus

Rs 10,000 cr insufficient for PSBs recapitalization: Standard & Poor

Global rating agency S&P has said that the budget announcement to infuse Rs 10,000 crore into public sector banks is highly insufficient and the lack of capital may delay the clean-up of their balance sheets. While presenting the Budget, finance minister Arun Jaitely allocated Rs 10,000 crore for recapitalisation of the NPA-laden public sector banks for next financial year.


Indian IT firms to meet Trump officials on visa reform concerns

By Sankalp Phartiyal

MUMBAI - Indian IT sector leaders will meet both U.S. lawmakers and officials from U.S. President Donald Trump's administration later this month to lobby against any major changes to visa regulations that could hurt the country's $150 billion industry.

R. Chandrashekhar, head of Indian IT industry body Nasscom, said details

Niti Ayog launches 'India Innovation Index'

NITI Aayog CEO Amitabh Kant on Thursday launched "India Innovation Index", the nation's first online innovation index portal which will rank states based on their innovations.

Inaugurating the portal, he said that it will be a "first-of-its-kind online platform" where Global Innovation Index (GII) indicators and India-centric data from various states will be up

Portfolio managers can keep client funds in separate a/c: Sebi

A portfolio manager can keep funds of all clients in a separate pooled bank account and can show the same in the demat details of resident Indian clients, according to Sebi. While giving an informal guidance in this regard, Sebi also said that portfolio managers have to comply with the relevant regulations, reported PTI.

An application was filed by Karvy Stock Broking Ltd which sought

Rajasthan to issue UDAY bonds worth Rs 1,564 cr

Rajasthan will float bonds of over Rs 1,564 crore under UDAY on Monday, a scheme designed specifically to help electricity distribution companies tide over their losses. "The Rajasthan government proposes to issue special securities of Rs 1,564.88 crore under the Ujwal Discom Assurance Yojana Scheme (UDAY)," RBI said in a notification today.

The eligible market participants

Public Cloud market to hit $1.8 bn in India in 2017: Gartner

Driven by Infrastructure-as-a-Service (IaaS), the public cloud services market in India is projected to grow 38 per cent in 2017 to reach $1.81 billion, market research firm Gartner predicted on Thursday.

The highest growth will continue to be driven by IaaS which is projected to grow at 49.2 per cent in 2017, followed by 33 per cent in software-as-a-service (SaaS) and 32.1 per cent i

Government to create addl 5k PG seats in the coming years

In order to bolster the availability of specialist doctors at secondary and tertiary levels, the Central Government said it would create an additional 5,000 PG medical seats, as per the government release.

The Ministry of Health and Family Welfare said in a statement that, country has 472 medical colleges and close to a million registered doctors. However, there is a shortage of docto

Budget 2017: Enhanced allocation for metro projects

The Centre has set aside over Rs 17,810 crore for metro projects across the country in the Union Budget for 2017-18, which is a jump of nearly 14 per cent over last year's allocation.

Presenting the budget, Finance Minister Arun Jaitley said a new metro rail policy will have innovative methods of financing. However, unlike last year, the budget document did not provide break-up fo

Budget provides renewed impetus to manufacturing and Make in India

The Commerce and Industry Minister Nirmala Sitharaman has welcomed the Union Budget 2017-18 which provides renewed impetus to manufacturing and Make in India, export infrastructure and Government e-marketplace, as per the government release.

The Ministry of Commerce & Industry said in a statement that, several measures have been announced in the Budget 2017-18 to provide impetus t

Ujjivan Small Finance Bank commences operations

Ujjivan Small Finance Bank Limited said that it has commenced operations as a small finance bank with effect from February 1, 2017. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of small finance bank in India.

Ujjivan Financial Services Private Limited, Bengaluru was one of the ten applicants which w

Government allocates Rs 1840 cr to tourism ministry: Reports

The Indian Government has allocated Rs 1,840.77 crore to the tourism ministry in the budget for the next fiscal, including Rs 959.91 crore for the Integrated Development of Tourist Circuits around specific themes (Swadesh Darshan scheme), said media reports.

According to the budget document, the ministry would be receiving a little over Rs 250 crore more in the 2017-18 fiscal as compa

Railways get separate fund for safety upgradation: Reports

The Indian Railways has got a much needed separate fund for safety upgradation of the rail network as the budget proposed an outlay of Rs 1 lakh crore for the purpose, said media reports. Commenting on the issue, Railway Minister Suresh Prabhu told the media, “The proposals suggested by the railways have all, more or less, been included and acted upon by the Finance Ministry.”

Railways to remove all unmanned level crossings: Reports

The Indian Railways has said that it will eliminate all unmanned level crossings on broad gauge lines by 2020 and expert international assistance will be harnessed to improve safety preparedness and maintenance practices as per the Budget 2017-18.

As per reports, Railways will implement end-to-end integrated transport solutions for selected commodities through partnership with logisti

Odisha allocated Rs 5102 cr for development of Railways: Reports

Odisha has been allocated Rs 5,102 crore for development of Railways in the Union Budget for 2017-18 against the state's demand of Rs 5,870 crore, said media reports. Commenting on the issue, East Coast Railways (ECoR) general manager Umesh Singh said, “Stating that the allocation meets about 87 per cent of the state's demand. We have passed with distinction."


Aviation Ministry receives substantial increase in budgetary allocation

The Civil Aviation Ministry has said that it has received a substantial increase of over 22 per cent in budgetary allocation at Rs 5,167.60 crore for the next financial year. In the Union Budget 2017-18, presented by the Finance Minister Arun Jaitley, out of the ministry's total allocation, a good chunk will be for Air India, which is to get Rs 1,800 crore.

The amount will be exte