Category «Economy»

75% Indian companies not disaster ready: CBRE Report

Indian companies not disaster ready

Nearly 75 percent of Indian companies are not prepared for disaster management, a recent survey by real estate consultant CBRE says. According to the study, which includes over 100 top corporates in the country and over 350 respondents found out that 75 per cent of the Indian firms are not disaster ready. It said that …

11 reasons why you should go cashless now, Digital payment benefits

digital payment benefits

Government has announcement some special incentives to encourage Digital Payment. The purpose of this initiative is to educate the people regarding digital payment benefits. ┬áHere are some benefits which will lure you to opt out for cashless transactions. Discount of 0.75% on digital payments of Central Government Petroleum PSUs. This will benefit nearly 4.5 crore …

India takes pride of place, crosses $300 bn FDI milestone

india fdi milestone

India crossed the USD 300 billion foreign direct investment (FDI) milestone between April 2000 and September 2016, firmly establishing its credentials as a safe investment destination in the world. Thirty three per cent of the FDI came through the Mauritius route, apparently because the investors wanted to take advantage of India’s double taxation avoidance treaty …

Government takes a U-turn; cuts short deadline of using old Rs 500 notes at petrol pumps and airports

demonetization

Central government has once again made a turnaround in one of the policies relating to demonetization. According to the announcement made by government today, tomorrow that is December 2 is the last day to use old Rs 500 notes in petrol pumps and to book airline tickets in airports instead of December 15 as announced …

Lightsource to invest Rs 6,500 cr in India in 2-3 years

Lightsource to invest Rs 6500 cr in India

UK-based Lightsource Renewable Energy will invest Rs 6,500 crore over the next 2-3 years to set up 1000 MW solar energy projects in India. “The company is looking at developing 1000 MW of solar power projects entailing an investment of Rs 6,500 crore over the next 2-3 years,” Lightsource Renewable Energy Ltd Managing Director and …

China retail sales growth slows to 10 percent in October

china retail sales growth

China retail sales growth slowed to 10.0 percent on-year in October, government data showed today, missing expectations in a worrying sign for domestic demand in the world’s second-largest economy. October’s industrial output growth matched the previous month’s figure at 6.1 percent, the National Bureau of Statistics (NBS) said, also slightly below forecasts in a Bloomberg …

Assam CM asks RBI and SBI to ensure smooth flow of funds

Assam CM asks RBI and SBI to ensure smooth flow of funds

In view of problems faced by bank customers due to the shortage of funds at ATMs following the demonetisation of Rs 500 and Rs 1,000 notes, Assam Chief Minister Sarbananda Sonowal took up the matter with RBI Regional Director B K Mishra today to take emergent measures for redressing customers’ woes. The Chief Minister called …

GE bags Rs 270cr contract from BHEL for supply of boilers

GE bags Rs 270 cr contract from BHEL for supply of boilers

General Electric Company (GE) has bagged a contract worth around Rs 270 crore from Bharat Heavy Electricals Ltd (BHEL) for supply of boilers for Telangana Super Thermal Power Project. “GE has been awarded a contract worth approximately Rs 2,700 million by Bharat Heavy Electricals Limited to supply two units of 800 MW supercritical boilers for …