International Finance Corporation invests $10 mn in Power2SME

 International Finance Corporation (IFC), a member of the World Bank Group, has invested $10 million as equity in e-commerce firm Power2SME that helps small and medium companies buy raw materials at bulk prices and get working capital without collateral.

"In addition to the investment, IFC will also advise Power2SME to help it expand beyond its current 14 states, improve its

Policy to promote agri exports in global markets soon: Suresh Prabhu

The government will shortly bring in a policy designed to facilitate access to global markets for Indian agricultural produce, new Commerce Minister Suresh Prabhu said on Tuesday.

"If farmers produce something, they should get access to global markets and get better prices for that, and for that we will put in place a good policy framework very soon," Prabhu, who took charge

Jio tops TRAI`s average monthly speed test chart for July

 Reliance Jio clocked the highest average data speed for the month of July, data released by the Telecom Regulatory Authority of India (TRAI) on Tuesday showed.

Jio on Tuesday completed one year of commercially offering its telecom services across the country.

It is the seventh consecutive month for which the operator has topped the TRAI speed chart compared to incumben

Rajnath Singh , Uttar Pradesh Chief Minister inaugurate Lucknow Metro

Union Home Minister Rajnath Singh and Uttar Pradesh Chief Minister Yogi Adityanath inaugurated the first service of Lucknow Metro on Tuesday at the Transport Nagar railway station.

Uttar Pradesh Governor Ram Naik, senior Ministers of the state cabinet, local legislators and Union Minister of State for Housing and Urban Development Hardeep Puri were present on the occasion along with P

India`s e-waste from old mobiles to jump 1800% by 2020: Study

By 2020 India’s e-waste from old mobiles and computers will rise by about 1800 per cent and 500 per cent respectively by 2020 as compared to the levels in the year 2007, according to an ASSOCHAM-KPMG joint study. India discarded approximately 18 lakh metric tonnes of e-waste in 2016 which is about 12 per cent to the global e-waste production.

India is the fifth largest producer

Services sector contracts for 2nd month in Aug on GST woes

Services sector in India suffered the second consecutive month of contraction in August as business activity and new work orders got affected by the Goods and Services Tax (GST), a monthly survey has found. The Nikkei India Services PMI Business Activity Index improved slightly from 45.9 registered in July to 47.5 in August, pointing to a second successive decline in output. A reading above 50

Huge investments made in railways in 3 years will lead to development: Piyush Goyal

Piyush Goyal, who on Monday took office as Railway Minister, said that huge investments made in the railways in last three years will definitely lead to the development.

"Huge investments in railways have been made in past three years, which will definitely lead to its development," he said after taking charge in the Rail Bhavan.

He also said that Indian Railways w

Extending trade hours should be decided by Sebi, not exchanges

The extension of stock trading hours on the domestic bourses is a decision that should flow from the wisdom of market regulator Sebi, and not left to the exchanges, says Alok Churiwala, Former Vice Chairman at BSE Broker Forum.

Leading stock exchanges have proposed to extend the trade hours to better align the Indian capital market with global markets in a bid to boost business.

Alphons takes charge of IT Ministry

K.J. Alphons on Monday took charge as Minister of State for Electronics and IT.

He assumed charge at the Ministry of Electronics and IT here.

Earlier in the day, he also took charge as Minister of State for Tourism.

Alphons was inducted into the union Council of Ministers in the reshuffle-cum-expansion effected by Prime Minister Narendra Modi on Sunday.

EXCLUSIVE: India to bid for Israel oil-and-gas exploration blocks: Dharmendra Pradhan

NEW DELHI/JERUSALEM  - Indian state-run Oil and Natural Gas Corp  plans to bid for Israeli offshore oil-and-gas exploration blocks, India's oil minister told Reuters, the first major deal between the two countries since a groundbreaking trip by Prime Minister Narendra Modi in July.

India and Israel have deep defence ties but Modi and his right wing rulin

HFCs to need Rs 9,000-16,000cr capital over next 3 years: Icra

Housing finance companies (HFCs) are likely to need around Rs 9,000-16,000 crore of external capital over the next three year to grow at 20-22 per cent, said a report. Most of this incremental capital requirement would be for the small HFCs, including those operating in affordable housing space, it said. "HFCs will require around Rs 9,000-16,000 crore of external capital (11-19 per cent of

No need to change daily revision in fuel prices regime: Dharmendra Pradhan

Petroleum Minister Dharmendra Pradhan on Monday said the dynamic pricing regime, whereby prices of transport fuels are revised daily, would continue despite petrol prices going up by over Rs 6 per litre since the scheme was introduced pan-India from mid-June.

Speaking to reporters here after taking over additional charge of the Skill Development and Entrepreneurship Ministry following

Telecom Comm to decide on North East mobile towers project

The inter-ministerial panel Telecom Commission is likely to consider this week a proposal for setting up mobile towers in unconnected villages of the North East, as per official sources, reported PTI. "Telecom connectivity plan for improving connectivity in the North East will be placed before Telecom Commission on September 8," a government official, who did not wish to be named, tol

Insurance regulator empanels 7 creative agencies

Insurance regulator Irdai has empanelled seven creative agencies for production of TV spots, radio jingles and organising exhibitions with an aim to increase insurance penetration in the country, reported PTI. The empanelled agencies would be carrying out publicity campaigns at the national level.

The agencies are: Astral Advertising & Marketing India, Pamm Advertising & Marke

Sebi sees significant fall in pending investor complaints

Investor grievances pending with Sebi have declined nearly 18 per cent till March-end, with the markets regulator working on expeditious disposal of the complaints, according to the latest data reported by PTI.

The number of pending grievances has fallen sharply to less than one-tenth from 49,113 in 2008-09. The number of pending actionable complaints, which stood at 5,452 as on March

Railways planning flexi-fares for suburban railways: Reports

A railway committee has said that it is mulling flexibility in ticket pricing for suburban railways based on demand and competing facilities. As per reports, the committee, set up by Railway Minister Suresh Prabhu under the Minimum Government and Maximum Governance campaign, is considering changes in the present practice of a pan-India tariff even for suburban and other short distance services.

Railways to rename trains after renowned literary works

The railways ministry has said that it is looking at a proposal to rename trains after famous literary works, referencing not just their authors but the region they come from. Commenting on the issue, a senior rail official told the media, “So, passengers travelling to West Bengal could soon board a train named after a novel by Mahashweta Devi and a train ride to Bihar could reference a w

Government notifies hike in GST cess on mid, large cars to 25%

The government has notified hike in GST cess on a range of cars from mid-size to hybrid variant to luxury ones to a maximum of 25 per cent, from earlier 15 per cent, reported PTI. Following assent by President Ram Nath Kovind, the government has notified the Goods and Services Tax (Compensation to States) Amendment Ordinance, 2017.

The Ordinance was last week approved by the Union Cab

Kerala IT firms group expects vibrant start-up policy from Alphons

Welcoming former Kerala bureaucrat-turned-BJP leader K.J. Alphons getting charge of Tourism, Information Technology and Electronics in the Narendra Modi government, GTech, a body of Kerala's IT companies, on Sunday said it expects a vibrant start-up policy from him.

Group of Technology Companies (GTech) President K.Nandakumar told IANS that start-ups is just not for software alone

Prabhu indicates loss of portfolio

Suresh Prabhu on Sunday indicated that he was set to lose his Railway portfolio.

"Thanks to all 13 Lacs plus rail family for their support, love, goodwill. I will always cherish these memories with me. Wishing you all a great life," Prabhu tweeted after a swearing in ceremony of ministers at Rashtrapati Bhavan.

Prabhu, whose tenure as Railway Minister has

NHAI operationalises dedicated FASTag lane at toll plazas

In a fresh initiative for electronic toll collection (ETC), the National Highways Authority of India (NHAI) on Friday operationalised one dedicated FASTag lane at all toll plazas on National Highways.

"Now FASTag enabled vehicles can cruise through the dedicated FASTag lane without stopping at toll plazas on National Highways," said a Road Transport and Highways Ministry sta

Call drop rate comes down by 8% in one year: Manoj Sinha

The call drop rate has reduced by 8 per cent in the last one year, Communications Minister Manoj Sinha said here on Friday, adding that the government aimed to bring it down further by the year-end.

After a review meeting with telecom operators, the minister told reporters that the rate had come down by 8 per cent since the last review meeting held a year ago. Sinha also said that the

Deposit another Rs 5 cr, Supreme Court tells Unitech

The Supreme Court on Friday asked real estate major Unitech's Managing Director Sanjay Chandra to deposit another Rs 5 crore as it said that his bail plea would be considered on September 8.

The bench of Chief Justice Dipak Misra, Justice A.M. Khanwilkar, and Justice D.Y. Chandrachud noted that Rs 15 crore, as directed in the last hearing on August 24, has been deposited with the

Rajiv Kumar takes charge as new Financial Services Secretary

Rajiv Kumar, a 1984-batch IAS officer, on Friday assumed charge as the new Department of Financial Services (DFS) Secretary in place of Anjuly Chib Duggal after her retirement.

Kumar has wide administrative experience of more than 30 years in service, during which he held important assignments, including administrative postings in his home state of Jharkhand.

Before his late

Subsidised LPG hiked by Rs 7 per cylinder, jet fuel by 4%

State-run oil marketing firms hiked the price of subsidised cooking gas by Rs 7 per LPG cylinder, effective from Friday, as part of the decision to increase prices every month so as to eliminate subsidies.

Petroleum Minister Dharmendra Pradhan had informed Parliament in July of the government's decision to raise LPG prices by Rs 4 per cylinder every month to eliminate all the subs