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Actress Pooja Hegde, who will be next seen in the upcoming movie ‘Deva’, turned a year older Sunday. To celebrate the special day, the actress has jetted off to Sri Lanka. The actress left during the wee hours of Sunday along with her family. The getaway brings her the well-deserved break for the actress from her busy shooting schedule. Last month, the actress visited the GSB Seva Mandal Ganpati in the Wadala area of Mumbai during the Ganeshotsav. She was accompanied b...
Pooja Hegde jets off to Sri Lanka to ring in her birthday
The World Bank and the Sri Lankan government signed on Monday for an additional 200 million U.S. dollars for economic reforms in the country, according to a statement from the World Bank. The World Bank said it signed the Second Resilience, Stability, and Economic Turnaround (RESET) Development Policy Operation (DPO) for 200 million dollars, which aims to support reforms that improve economic governance, enhance growth and competitiveness, and protect the poor and vulnerable, helping...
World Bank signs additional 200 million USD to support Sri Lanka`s economic reforms
Sri Lanka has earned over two billion US dollars from tourism in the first eight months of 2024, the latest data from the country's Central Bank shows. Sri Lanka earned 2.17 billion dollars in the above period, which is a 66.1 per cent increase from the same period in 2023, the Central Bank data shows. Tourist arrivals also increased by 50.7 per cent in the same period, and 1.36 million tourists arrived in the first eight months of 2024, the central bank data shows, Xinhua new...
Sri Lankan tourism earnings exceed two billion USD
RattanIndia Enterprises is currently trading at Rs. 81.09, up by 1.08 points or 1.35% from its previous closing of Rs. 80.01 on the BSE. The scrip opened at Rs. 81.23 and has touched a high and low of Rs. 83.90 and Rs. 80.57 respectively. So far 632164 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 94.85 on 08-Feb-2024 and a 52 week low of Rs. 48.45 on 26-Oct-2023. Last one week high and low of the scrip stood ...
RattanIndia Enterprises rises as its Revolt Motors enters into Sri Lankan market
The Asian Development Bank (ADB) on Wednesday said it has approved a policy-based loan of 100 million US dollars to support Sri Lanka's water supply and sanitation sector reforms, which are designed to enhance the country's resilience to climate change impacts and promote long-term sustainability. The ADB said the Water Supply and Sanitation Reform Programme, composed of two subprogrammes of 100 million dollars each, will contribute to a more resilient and sustainable deliv...
Asian Development Bank approves 100 million USD loan to Sri Lanka
TVS Motor Company is currently trading at Rs. 2822.95, up by 10.75 points or 0.38% from its previous closing of Rs. 2812.20 on the BSE. The scrip opened at Rs. 2868.15 and has touched a high and low of Rs. 2868.15 and Rs. 2821.05 respectively. So far 1175 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2,868.15 on 2-Sept-2024 and a 52 week low of Rs. 1,410.05 on 1-Sept-2023. Last one week high and low of the scr...
TVS Motor inches up on launching TVS Raider 125 in Sri Lanka
Sri Lanka's economic recovery continues with real gross domestic product (GDP) posting three consecutive quarters of expansion, and growth accelerating to 5.3 per cent year-on-year in the first quarter of 2024, the International Monetary Fund (IMF) said on Friday. According to the statement, an IMF mission team led by senior mission chief Peter Breuer visited Sri Lanka from July 25 to August 2 to discuss recent macroeconomic development and progress in implementing economic and f...
Sri Lanka's economic recovery continues: IMF
Sri Lanka's Ministry of Industries has prepared a national industry policy and a five-year strategic plan for 2023-2027, a government official announced here on Wednesday. During a press briefing at the Presidential Media Centre, Secretary to the Ministry of Industries Shantha Weerasinghe said by 2030 the policy aims to increase the manufacturing sector's annual contribution to GDP from 16 to 20 per cent, raise the role of entrepreneurship in the workforce from 2.8 to 7 per...
Sri Lanka unveils plans to boost manufacturing, exports
The Mahanagar Gas Ltd has hiked the prices of CNG by Rs 1.50/kg and domestic PNG by Rs 1/SCM in Mumbai and its surrounding areas with effect from midnight (July 8-9) on Monday, an official said. Accordingly, the price of CNG will go up from Rs 73.50/kg to Rs 75/kg, and the rate of domestic PNG will increase from Rs 47/SCM to Rs 48/SCM, inclusive of all taxes for Mumbai and surrounding regions. The latest hike is attributed to meeting the increasing volumes of CNG-PNG demand and ow...
Vitol Asia and Bharat Petroleum among bidders for Sri Lanka LPG terminal
Rakesh Ramanlal Shah, Chairman & Managing Director of GSEC Ltd, who was appointed as the Honorary Consul for Sri Lanka in Ahmedabad by the Sri Lankan government, received his Commission of Appointment on Monday from High Commissioner Kshenuka Senewiratne. His consular jurisdiction extends over the state of Gujarat. The creation of this post aims to bolster Sri Lanka's ties with Gujarat, focusing on enhancing trade, investment, and tourism opportunities. Gujarat is renow...
Rakesh Ramanlal Shah appointed Honorary Consul of Sri Lanka in Gujarat, receives Commission of Appointment
The World Bank's Board of Executive Directors has approved $150 million in financing for Sri Lanka to improve the quality and utilisation of its primary healthcare services, according to a statement. The World Bank on Monday said the project would help improve the quality of care and increase the use of primary medical care institutions, which provide essential health services to local communities, reports Xinhua news agency. Capacity challenges and the absence of a formal...
World Bank approves $150 mn to improve primary healthcare in Sri Lanka
PhonePe, today announced its collaboration with PickMe, Sri Lanka’s leading ride-hailing platform, to enable seamless UPI-based QR payments for Indian travellers in Sri Lanka. The partnership signifies a major step forward in enhancing their travel experience through the convenience of cashless transactions on their PickMe rides from the moment they exit the Bandaranaike International Airport. While travelling, managing foreign currency and ensuring enough cash on hand for various ex...
PhonePe partners with PickMe to enable contactless payments for Indian travellers in Sri Lanka
Celebrating the spirit of resilience and renewed hope for the revival of travel in 2021, Sri Lanka has reopened its borders for international travellers around the world. To mark this momentous occasion, Resplendent Ceylon welcomes discerning Indian guests back and has partnered with Jetpooling to launch bespoke, private jet experiential journeys. Patrons can now experience the benchmark hospitality and unparalleled service once again at the three resorts by Resplendent Ceylon, part of the...
Welcoming Indian travellers back to Sri Lanka
Sri Lanka's All Share Price Index (ASPI) grew by over 25 per cent in 2023 in comparison to the year 2022, Director General of the Securities and Exchange Commission (SEC) Chinthaka Mendis presented the 2023 annual report. He said that the 2023 growth erased much of the losses that were recorded in 2022, Xinhua news agency reported. Mendis said the S&P SL20 index also grew by over 16 per cent in 2023 compared to 2022. The total net foreign inflow to the stock market surpas...
Sri Lanka`s All Share Price Index grew by over 25 pct in 2023
Sri Lankan State Minister for Urban Development and Housing Arundika Fernando announced on Wednesday that state enterprises are now open to private sector investments, but only at the government's assessed value, according to the president's media division (PMD), reports Xinhua News Agency. This directive aligns with President Ranil Wickremesinghe's instruction that state enterprises should not be offered for private sector investments below their assessed value, PMD said...
Sri Lankan state enterprises open for private investments
Sri Lanka has entered into a 20-year power purchase agreement with India's Adani Green Energy Ltd for two wind power stations developed by the company, a cabinet statement said on Tuesday. Adani Green Energy, the renewable energy unit of the Adani Group, led by billionaire Gautam Adani, won the approval in February last year to invest $442 million and develop the 484 megawatts wind power plants in Mannar town and Pooneryn village, both located in the Northern province of Sri Lanka. ...
Sri Lanka inks 20-year power purchase deal with India's Adani Green
Dialog Axiata PLC (Dialog), Axiata Group Berhad (Axiata) and Bharti Airtel have signed an agreement to combine their operations in Sri Lanka. Under this agreement, Dialog will acquire 100 per cent of the issued shares in Airtel Lanka, in consideration of which Dialog will issue to Bharti Airtel, ordinary voting shares which will amount to 10.355 per cent of the total issued shares of Dialog by way of a share swap, the companies said in a statement. The transaction is subject to the appr...
Dialog, Axiata Group and Bharti Airtel to merge operations in Sri Lanka
Matheesha Pathirana’s manager Amila Kalugalage has confirmed that the Sri Lankan pacer has reached Chennai and will join the Chennai Super Kings (CSK) squad soon. Pathirana suffered a hamstring injury during the second T20I of the three-match series against Bangladesh and had to miss the initial matches for CSK, including the season opener against Royal Challengers Bengaluru (RCB) on Friday at Chennai. However, in a recent development, Pathirana’s manager Amila Kalugalage...
IPL 2024: Sri Lanka`s Matheesha Pathirana reaches Chennai, will join CSK squad soon
The launch of Unified Payment Interface (UPI) services in Sri Lanka and Mauritius by Prime Minister Narendra Modi is a significant step in establishing India’s global leadership in fintech and payments innovation, the industry said on Monday. PM Modi, along with Sri Lankan President Ranil Wickremesinghe and Mauritius Prime Minister Pravind Jugnauth, inaugurated the launch of UPI, and also RuPay card services in Mauritius, via video conferencing. "UPI has truly revolutio...
UPI`s arrival in Sri Lanka, Mauritius to boost cross-border commerce, tourism: Industry
India on Monday successfully launched its Unified Payment Interface (UPI) services in Sri Lanka and Mauritius. RuPay card services were also launched in Mauritius as part of this initiative. Prime Minister Narendra Modi attended the inaugural event virtually alongside his Mauritian counterpart Pravind Jugnauth, and Sri Lankan President Ranil Wickremesinghe. Indians visiting the two nations will be able to utilise UPI services to make payments, and Mauritians travelling to India...
UPI services launched in Sri Lanka, Mauritius
India's state-run Petronet LNG plans to begin supplying liquefied natural gas (LNG) to neighbouring Sri Lanka for five years starting in 2025, its chief executive said on Thursday. Petronet will ship 850 metric tons of gas daily to the island nation in 50 containers of 17 tons each, CEO Akshay Kumar Singh said during the India Energy Week event in Goa. The project will supply two gas-fired power plants in Sri Lanka, which has suffered from crippling power blackouts and fuel shortage...
India`s Petronet to begin shipping LNG to Sri Lanka in 2025
Sri Lanka's cabinet has granted approval to sign a free trade agreement (FTA) with Thailand, the government's information department said on Thursday. A complete 14-chapter draft FTA was prepared after nine rounds of discussions between the two sides, Xinhua news agency reported. The department, in a statement said the development of supply capacity, attracting export-oriented foreign direct investment and expanding international market access for Sri Lankan goods and services h...
Sri Lankan cabinet nod for FTA with Thailand
The Central Bank of Sri Lanka (CBSL) has decided to maintain the Standing Deposit Facility Rate and the Standing Lending Facility Rate at their current levels of 9 per cent and 10 per cent, respectively, to control inflation at the targeted level of 5 per cent over the medium term, while enabling the economy to reach its potential, its statement said on Tuesday. The decision was taken on Monday following a comprehensive assessment of domestic and international macroeconomic developments in...
Sri Lankan central bank keeps policy rates unchanged to control inflation
Famously known as Jallikattu, India’s bull-taming sport has gone international. Sri Lanka hosted Jallikattu tournament for the first time in Triconamalee on January 6. The tournament is being organised under the leadership of the Governor of the Eastern Province of Sri Lanka, Senthil Thondaman. More than 200 bulls and more than 100 bull tamers participated in the competition.
Jallikattu goes international | Sri Lanka hosts tournament for first time in Triconamalee
Sri Lanka faced an unexpected setback as opener Pathum Nissanka succumbed to a suspected case of dengue, forcing him out of the impending ODI series against Zimbabwe. The gravity of his illness looms large, potentially sidelining him from the subsequent three-match T20I showdown. The Sri Lanka cricket board in a press release on Friday, revealed Nissanka's hospitalisation for treatment, casting a shadow over his participation in the fiercely awaited contests. “Pathum Nissan...
Pathum Nissanka ruled out of ODI series against Zimbabwe, Shevon Daniel named replacement
Sri Lankan delegation led by Speaker Mahinda Yapa Abeywardana arrived in the Parliament on December 18. Lok Sabha Speaker Om Birla extended a warm welcome to the Sri Lankan delegation. Addressing the Parliament, Om Birla expressed delight in hosting the delegation, highlighting their visit to India since December 16 and their tour to Aurangabad. The Speaker announced the delegation’s upcoming visit to Guwahati before their departure to Sri Lanka. While addressing, the Speaker sai...
Sri Lankan delegation led by Speaker Mahinda Yapa honoured in Indian Parliament
Total dengue cases reported in Sri Lanka so far this year surpassed 80,000, according to the latest statistics released by the National Dengue Control Unit (NDCU). The NDCU said that 80,192 cases had been reported as of Sunday, 3,704 of which were reported in December alone, Xinhua news agency reported. According to the statistics, 47 people have succumbed to the disease. The Western province remained the most affected with 46.4 per cent of the cases reported.
Dengue cases surpass 80,000 in Sri Lanka so far this year
Sri Lanka recorded $1.8 billion tourism revenue till November this year, 78.3 per cent up from the corresponding period previous year, as per Central Bank of Sri Lanka (CBSL) data. The revenue earned from tourism increased to 205.3 million dollars in November 2023, which is over twice the revenue in November 2022, according to the latest data. Minister of Foreign Affairs Ali Sabry told parliament on Thursday that the tourist arrivals will spike in 2024 with more airlines coming into the...
Sri Lanka records $1.8 bn tourism revenue till November
The U.S. International Development Finance Corporation (DFC) said it will provide $553 million financing for a Colombo port terminal project, partly owned by India's Adani Group, advancing the first foray by an Indian company into the sector. Sri Lanka, an island off India's southern coast, is mired in its worst financial crisis in over seven decades after its foreign exchange reserves ran to record lows last year forcing its economy to contract by 7.8% in 2022. Ports-to-e...
US commits $553 million financing for Adani terminal venture at Colombo port
Union Finance Minister Nirmala Sitharaman on Thursday inaugurated a State Bank of India (SBI) branch in Sri Lanka's Trincomalee city, during her ongoing visit to the island nation. In a post on X, the Union Finance Ministry said that Governor of Eastern Province Senthil Thondaman, India’s High Commissioner to Sri Lanka Gopal Baglay and SBI Chairman Dinesh Khara were also present at the inauguration. "After inaugurating the branch, Sitharaman appreciated that SBI, with its...
FM Nirmala Sitharaman inaugurates SBI branch in Sri Lanka`s Trincomalee
Sri Lankan has approved to increase the value added tax (VAT) to 18 per cent from January, 2024, cabinet spokesperson Bandula Gunawardena said on Tuesday. At a press conference here on Tuesday, Gunawardena said that increased VAT will also be imposed on certain goods and services that are currently not being taxed. He said that the government has taken significant steps to increase tax revenue. The tax revenue in the first nine months of 2023 was 51 per cent higher than in 2022, he adde...
Sri Lanka to increase VAT to 18% in 2024
PC and printer major HP on Friday announced the appointment of Ipsita Dasgupta as the Senior Vice President (SVP) and Managing Director of the company's India market.Joining HP on October 30 and reporting to David McQuarrie, HP Chief Commercial Officer, she will lead all aspects of HP?s strategy and profit and loss (P&L) in India, Bangladesh, and Sri Lanka.Gurpreet Singh Brar, who was officiating as interim MD for HP since November last year, will move to a new role of Vice President, Inn...
HP appoints Apple executive Ipsita Dasgupta as SVP, MD for India market
Union Minister for Fisheries Parshottam Rupala on Tuesday said the government has stepped up its investment for the fisheries sector since 2015 and the fish production has increased manifold.Inaugurating the International Conclave on Mainstreaming Climate Change into International Fisheries Governance and Strengthening of Fisheries Management Measures in the Indo-Pacific Region here, Rupala said climate change will impact agriculture, fisheries and food security.Organised by the Food and Agri...
Indian government stepped up investment for fisheries sector since 2015: Parshottam Rupala
Finance Minister Nirmala Sitharaman on Friday said that in the next G20 presidency (which will be led by Brazil), crypto roadmap discussions will include monitoring and implementation of regulatory aspects, information sharing, and how it will be taken beyond the G20.Addressing a press conference in Morocco's Marrakesh on the sidelines of the G20 Finance Ministers Central Bank Governors meeting and the IMF-World Bank annual meeting, she said that the G20 FMCBG meeting was mandated to discuss ...
Crypto roadmap to include monitoring, implementation of regulatory aspects during next G20 presidency: FM Nirmala Sitharaman
India's Oil and Natural Gas Corp is interested in the exploration of oil and gas blocks in Sri Lanka, a company executive said on Wednesday.The company was awaiting an announcement of the oil and gas 'roadmap' of the island nation, Rajarshi Gupta, managing director of ONGC Videsh, told reporters at an industry event.ONGC Videsh is an overseas investment arm of state-run ONGC.ONGC Videsh is open to having deals through government-to-government negotiations as well as through competitive biddin...
India`s ONGC Videsh keen on Sri Lankan oil and gas blocks
India's state-owned lenders posted the best-performing bank stocks among the country's Asia-Pacific peers in the quarter ended September 30, reflecting growing investor interest and the banks' stronger financials metrics, according to S&P Global Market Intelligence.Indian state-owned banks occupied 10 of the top 15 slots, dominating the rankings for the second straight quarter.?Indian Overseas Bank's share price rose 91.60 per cent in the quarter to sit atop the list of 15 Asia-Pacific banks,...
PSU banks are best-performing bank stocks among Asia-Pacific peers
When the 2011 Men?s ODI World Cup happened, there was huge excitement about the twists and turns happening in a one-day game, culminating in MS Dhoni slamming the most unforgettable six in the history of the format for making India win the trophy in Mumbai.But 12 years down the line, the one-day format finds itself on a sticky wicket. The T20 format, then still in its infancy days, has now become the ruler of minds of cricket enthusiasts, mostly amongst youngsters, mainly through its prolifer...
Men`s ODI WC: Would love to see one-day format thrive and do well, says Rahul Dravid
The International Cricket Council (ICC) announced on Friday that Antigua & Barbuda, Barbados, Dominica, Guyana, Saint Lucia, St. Vincent and the Grenadines, and Trinidad & Tobago will be the hosts for the matches to be played in the West Indies for the next year?s Men?s T20 World Cup.The announcement comes two days after Grand Prairie Stadium in Dallas, Broward County in Lauderhill, Florida and Nassau County in New York were confirmed to be the venues in the United States of America (...
Seven countries in the Caribbean confirmed as hosts for 2024 Men`s T20 World Cup
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