India’s central bank marginally lowers lending rate

Mumbai, June 2 (IANS): Giving in to overwhelming demands for an easing of the monetary policy, the Reserve Bank of India (RBI) on Monday lowered its short-term lending rate by 25 basis points in a move that could potentially reduce the cost of borrowings on personal and corporate loans.   In his bi-monthly monetary policy […]

Call drops can invite penalties: Prasad

New Delhi, June 2 (IANS): The frequent call drops which mobile phone users face today may soon invite a penalty for service providers, Communications and IT Minister Ravi Shankar Prasad said on Tuesday, while announcing free roaming facility by the state-run national telecom provider BSNL from June 15. The minister, talking to media persons on […]

Maruti Celerio to have smallest, efficient diesel engine

New Delhi, June 1 (The Hindu): After many years of sourcing diesel engines for its cars from rival manufacturers, Maruti Suzuki India will later this week introduce the Celerio DDiS125 with a diesel burner developed and manufactured entirely in-house. And the company claims that it will be the most fuel-efficient car in India with a […]

News in Brief

India-Sweden MoU on MSME New Delhi, May 30 (IANS): Ahead of President Pranab Mukherjee’s visit to Sweden, the union cabinet on Saturday approved signing of an agreement between India and Sweden to promote cooperation in micro, small and medium enterprises (MSME) sector. The MoU contains an agreement between the two countries to enable their respective […]

News in Brief

SBI loan approval now goes online MUMBAI, MAY 29 (the Hindu): Government-owned lender State Bank of India launched Online Customer Acquisition Solution (OCAS), an online platform to apply for home loans, car loans, education loans and personal loans. The application will help the customers gauge their eligibility and get a quote personalised to their requirement. […]

SBI branch office at Changtongya inaugurated

Changtongya, May 29 (DIPR): Deputy Commissioner Mokokchung Sushil Kumar Patel IAS as the chief guest inaugurated The State Bank of India Branch Office at Changtongya Town on May 27 at the Town Hall.   Speaking on the occasion as the DC encouraged the people of the area to avail the benefit and the facilities that […]

BSNL rolls out NGN in Dimapur and Kohima

Dimapur, May 28 (MExN): State-owned Bharat Sanchar Nigam Limited (BSNL) has launched Next Generation Network (NGN), a new technology that offers various facilities similar to mobile technology, to provide better telecommunication services to the esteemed customers in the North-East Region.   The Internet Protocol (IP)-based technology NGN would provide additional facilities to customers on their […]

EPF Withdrawals: New Provisions and Rules related to TDS

Dimapur, May 28 (MExN): EPFO (Employees Provident Fund Organization) has issued a new circular relating to applicability of TDS (Income Tax deduction at Source) on EPF withdrawals. These new provisions are effective from June 1, 2015. TDS is applicable on EPF withdrawal where accumulation (balance) is more than Rs 30,000 and the EPF member (Employee) […]

‘India business sentiment at pre-Modi level in May’

Mumbai, May 27 (IANS): The MNI India business sentiment indicator, a gauge of current sentiment among BSE listed companies, fell by 2.5 percent to 62.3 in May this year from 63.9 last month. “Sentiment towards the current business environment and expectations for the future are now both back to pre-Modi levels in a blow to […]

Global smartphone growth to further slow down: IDC

Washington, May 27 (IANS): The global smartphone growth is expected to slow further, said a latest mobile phone forecast. It adds that smartphone shipments are expected to grow 11.3% in 2015, down from 27.6% in 2014.   This could be the first year smartphone growth in China will finish behind the global market which could […]

60 new coal mines to open soon: Piyush Goyal

New Delhi, May 27 (IANS): Discounting any immediate plans to stop coal imports, Coal and Power Minister Piyush Goyal said on Wednesday that the government will open more than 60 coal mines across the country in the coming days. “I am delighted to announce that 60 new mines are to open in the coming days. […]

News in Brief

Forbes names SBI chief as 30th most powerful woman in the world Mumbai , May 27 (IANS): Forbes has named State Bank of India Chairperson Arundhati Bhattacharya in its annual 100 Most Powerful Women list, with a ranking of 30 in the world, a statement said here on Wednesday. The Kolkata-born Bhattacharya, 59, has moved […]