14.4% growth in foreign tourist arrivals in November , says Tourism Ministry

The Tourism Ministry has registered a growth of 14.4% growth in Foreign Tourist Arrivals in November 2017 over the same period last year. The number of foreign tourist arrivals (FTAs) in India in November 2017 was 10.05 lakh as compared to FTAs of 8.78 lakh in November 2016 and 8.16 lakh in November 2015, according to a statement by the Tourism Ministry.

The Ministry compiles monthly

Indians consuming maximum video content online: Report

 India consumes the most OTT (Over-the-top) videos, followed by Thailand and Philippines in the Asia-Pacific (APAC) region, content delivery network services provider Akamai Technologies said on Tuesday.

"In India, viewers watched 12.3 hours of online content in a week, while in Japan, viewers watched the least content online per week at 6.2 hours," a study by Akamai Te

Delhi rider took 5 trips a day on Uber in 2017

 A rider from the Delhi-NCR region took nearly five Uber trips a day, making him the person who took the highest number of Uber rides in the country in 2017.

According to the ride-hailing app, this rider, whose name was not revealed, has so far taken 1,969 trips in 2017.

Not just this, a driver-partner from Delhi has been using Uber app for over four years and two month

BSE launches five new market cap-based indices

Asia Index, the equal joint venture between BSE and S&P Dow Jones Indices, today launched five size-based indices to measure the performance of the large-cap, mid-cap and small-cap companies. This would better represent the market capitalisation and help meet the regulatory requirements, according to a statement. The move is in response to the Securities and Exchange Board of India (SEBI) c

Government in talks with Singapore for cruise connectivity: Nitin Gadkari

Keen on promoting cruise tourism on a mega scale, Union Minister Nitin Gadkari said talks are on with Singapore for cruise connectivity, reported PTI. India has huge potential for cruise tourism and efforts in this direction could boost it from 80 ship per annum to 900, the shipping minister said. "The cruises from India could go to Singapore, Philipines and Thailand and the projects will

RBI penalises The A P Mahajan`s Co-operative Urban Bank

The Reserve Bank of India has imposed a monetary penalty of Rs 0.50 lakh on The A P Mahajan’s Co-operative Urban Bank Ltd., Hyderabad, Telangana, for violation of Reserve Bank of India directives and guidelines on exposure norms and statutory.

“The central bank had issued a show-cause notice to the bank, in response to which the bank submitted a written reply,” the a

Amazon seller base spikes 80% in 2017

Online retailer Amazon India has seen its seller base in the country hit 2.7 lakh, a growth of 80 per cent compared to the beginning of the year, reported PTI. Over 50 per cent of the merchant base is from tier II cities and beyond, Amazon India Director and GM (Seller Services) Gopal Pillai told PTI. "We have seen tremendous growth this year in terms of seller addition. The base has grown

`India ranks 109th in mobile net speed, 76th in Broadband`

'India ranks 109th in mobile net speed, 76th in BroIndia is ranked 109th in the mobile Internet speed while its neighbouring countries - Pakistan, Nepal and Sri Lanka - have registered better speed, says a recent report by broadband speed measuring firm Ookla, reported PTI. "According to data from Ookla's November Speedtest Global Index, India is ranked 109th in the mobile Internet

Bengaluru metro rail to connect city with airport

 Bengaluru metro rail would connect the international airport at Devanahalli to the city to ferry thousands of air passengers daily by 2021, said a Karnataka Minister on Monday.

"The state cabinet has approved the detailed project report to build the 30 km line between Nagawara on the city's eastern ring road and the Kempegowda international airport at an outlay of Rs 5,

NTPC Director questioned in bribery case: CBI

The CBI on Monday said it has questioned the Director (Finance) of country's largest energy conglomerate NTPC Ltd here in connection with an alleged Rs 5 lakh bribery case in which he demanded the money for his trip abroad.

Kulamani Biswal was questioned along with Umapathi Reddy, the father of another accused Rohit Reddy, Director of BGR Mining and Infra Pvt Ltd, at the Cent

Russia urges India to line up behind China`s Belt and Road initiative

NEW DELHI  - Russia threw its weight behind China's massive Belt and Road plan to build trade and transport links across Asia and beyond, suggesting to India on Monday that it find a way to work with Beijing on the signature project.

India is strongly opposed to an economic corridor that China is building in Pakistan that runs through disputed Kashmir as part

India-Nepal connectivity projects on track: Ministry

The Union Road Transport and Highways Ministry on Monday said the Mechi River Bridge, part of India-Nepal connectivity projects, is on track.

"Mechi River Bridge project to be implemented at the Indo-Nepal border is on track. LOI is likely to be issued to the contractor shortly," said the Ministry in a statement after reviewing the project.

"Piprakothi-Raxaul

PE/VC investments touch $3bn in November driven by big ticket deals

Private equity and venture capital (PE/VC) investments touched USD 2.9 billion across 56 deals in November, driven by big ticket transactions and the momentum is likely to continue further, says an EY report. According to the report, PE/VC investments touched USD 0.9 billion across 41 deals in November 2016. Month-on-month, there was an increase of 40 per cent in value while number of deals rem

India, Russia, China jointly condemn terrorism

India, Russia and China on Monday jointly condemned terrorism in all its forms and manifestations while calling for effective implementation of existing international commitments to counter terrorism following the 15th Russia-India-China Foreign Ministerial Meeting here.

"Our discussions today were focused on four broad cluster of areas, namely, economic and developmental issues,

Days of physical banks over, 2020 will be turning point

NITI Aayog CEO Amitabh Kant on Monday said the days of physical banks were ending, and that banks unable to make a transition to data analytics and digital banking would die by 2020.

"You will see a huge transformation towards digital payments by 2020. My view is that 2020 will really be the turning point," Kant said on the opening day of the two-day Inclusive Finance India

Tower stake sales may pare up to 90K cr telecom debt: Icra

The telecom industry could pare as much as Rs 90,000 crore debt if stake sale deals of mobile tower assets, currently being discussed, materialise, credit rating firm Icra said today. It predicted structural and material changes for the telecom tower industry in the medium term. Icra also anticipated some headwinds in the short term, as consolidation of telecom operators leads to rationalisatio

Ola appoints Viraj Chouhan as chief communications officer

Cab aggregator Ola on Monday announced the appointment of Viraj Chouhan as its chief communications officer (CCO). As CCO, Chouhan would be reporting to co-founder and CEO, Bhavish Aggarwal, a company release said. Chouhan brings over 20 years of experience across global brands like MTS, Coca-Cola and Bharti Airtel, it said.

India to connect with Asean via cruise tourism

India will connect with Asean countries through cruise tourism and a new cruise port is being built in Mumbai for this, Road Transport and Shipping Minister Nitin Gadkari said on Monday.

Speaking at the India-Asean Connectivity Summit, which focuses on enhancing connectivity with Asean countries, the minister said the government was encouraging cruise tourism.

"We are p

Bitcoin tops USD 18,000 in debut on major bourse

Bitcoin surged past USD 18,000 after it began trading on its first major global exchange, the latest in a series of highs that have excited some investors while leaving others nervous of a bubble. Trading of the controversial digital currency on a futures contract began at 6:00 pm (2300 GMT) on the Chicago board options exchange (Cboe) at a price of USD 15,000. Heavy traffic made the Cboe websi

RBI to sell state government sec worth Rs 9,100 cr on December 12

The Reserve Bank of India on Friday said that State Governments have offered to sell 6/10/12/15 Years of security by way of auction for an aggregate amount of Rs 9,100 crore. “The auction will be conducted on the Reserve Bank of India Core banking Solution (E-Kuber) system on December 12, 2017,” RBI said in a press release.

Both competitive and non-competitive bids for the

Software service export grew 10.3% in 2016-17: RBI

India's export of software services rose by 10.3 per cent on an annual basis to USD 97.1 billion in 2016-17, the Reserve Bank (RBI) said as per the PTI report. The export of software services -- excluding the one through commercial presence -- was USD 88 billion in 2015-16. "The USA and Canada remained the top destinations of India's export of software services, followed by Europe

Pradhan urges OMCs to speed up gas roll-out in northeast

Petroleum Minister Dharmendra Pradhan has urged oil marketing companies (OMCs) to speed up roll-out of city gas distribution to provide CNG/PNG (compressed natural gas/piped natural gas) connections and early completion of ongoing infrastructure projects in the northeastern region.

The Minister on Friday suggested the OMCs step up release of connections under the Pradhan Mantri Ujjwal

Damaged Araku valley bridge completed in 58 days: Railways

The railways on Friday said that it has completed the work of the damaged 80 metre-long bridge near Borra Caves on Friday evening in a record time of 58 days.

The bridge between Borraguhalu and Chimidipalli Railway Station in Kottavalasa-Koraput-Kirandul (KK) Rail Line was affected badly due to huge rock by the side of the waterfall dropped on it on October 6.

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ESI scheme present in 461 districts, covers 10% population: Minister

The Employees' State Insurance Scheme (ESI) is expanding its reach and now has presence in over 461 districts providing benefit to around 10 per cent of the countrys population, Union Labour and Employment Minister Santosh Kumar Gangwar said here on Friday.

Addressing the 172nd meeting of the ESI Corporation, Gangwar announced some of the key decisions taken at the meeting includi

State Power Minsters resolve to cut cross subsidies

State Power Minsters have resolved to prepare a plan to reduce cross-subsidies by March 2018 as per the guidelines in the tariff policy, which would reduce the power rates for commercial and industrial consumers, an official said on Friday.

The resolution to adopt an action plan to realise the changes made last year to the Electricity Act providing for a lower cross subsidy level of 2