Maggi banned but what about oil, eggs, vegetables, pulses

Maggi banned but what about oil, eggs, vegetables, pulses

Data shows that we are surrounded by food that is contaminated, adulterated and does not meet Indian safety and packaging standards     New Delhi, June 6 (IANS/IndiaSpend):  Maggi two-minute noodles is only the latest food item to be found violative of food-safety standards in India. Consider this:   • 64% of the loose edible […]

India-US trade at $103 bn: US envoy

Washington, June 6 (IANS): The India-US bilateral trade in goods and services has crossed the elusive $100 billion threshold and now stands at $103 billion, US envoy Richard Verma said here on Saturday, adding that both countries still have a long way to traverse to reach the goal of $500 billion.   Addressing the Center […]

AirAsia to soon fly from Imphal to Guwahati

Bengaluru, June 5 (IANS): A year after it launched operations in India, AirAsia is set to fly daily from June 25 in the north-east region between Guwahati and Imphal, the low-cost carrier said on Friday. “We are offering an inaugural fare of Rs.900 on our website (airasia.com) by June 7 to fly from Guwahati to […]

French label Anna Luchini comes to India via Fashionara.com

Bengaluru, June 5 (IANS): Handbags from French label Anna Luchini will now be avaialable in the Indian market via e-commerce platform Fashionara.com, which has also introduced watches for women from another French label, Christian Lacroix.   Keen fashionistas can explore the web platform for the latest spring-summer collection from both brands.   “We are extremely […]

Workmen strike cripples SBI associate banks

Mumbai, June 4 (IANS): Banking operations were severely hit as workers struck work in five associate banks of the State Bank of India across the country on Thursday, a union official said here. The strike by clerical staff was to protest against the proposed merger of the five associates of SBI, the country’s leading public […]

Structural bottlenecks barrier to higher growth in India: WTO

Geneva, June 4 (IANS): Despite India raising foreign ownership limits in some sectors, structural bottlenecks remain a barrier in achieving higher growth, the World Trade Organization has said.   “Measures to attract foreign direct investment (FDI) have included gradually increasing the number of sectors in which FDI is permitted and reducing sectoral restrictions. Since its […]

Nestle India stocks down 4%

Mumbai, June 4 (IANS): A day after the central government filed a complaint against Nestle India with the National Consumer Disputes Redressal Commission (NCDRC), the stocks of the fast moving consumer goods (FMCG) major were dented in the mid-afternoon trade session on Thursday.   The government had complained to NCDRC that the company’s best-seller brand […]

Gap Inc. to open 40 India stores in 4 years

New Delhi, June 4 (IANS): Gap Inc., the San Francisco-based, $16.4-billion clothing, accessories and personal care products major, will launch 10 new stores in Bangalore, Mumbai and New Delhi over the next one year, after it opened its first one here last week, a top company official said.   “We will come up with 40 […]

Audi launches RS 6 Avant priced at Rs.1.35 crore

New Delhi, June 4 (IANS): German luxury car manufacturer Audi on Thursday launched the Audi RS 6 Avant priced at Rs.1.35 crore. “The RS 6 Avant is our fourth sportscar to be launched in India this year. The RS 6 Avant will help us consolidate our leadership position in the performance car segment,” Joe King, […]

‘60 lakh UANs activated from 4.17 cr active PF users’

Kolkata, June 3 (IANS): Citing a lukewarm response from companies in implementing Universal Account Number (UAN), the union labour ministry has said that only 60 lakh UANs have been activated so far from an active base of 4.17 crore provident fund subscribers.   Making it mandatory for the conversion of existing Provident Fund accounts into […]

Personalised debit cards for India Post saving account

New Delhi, June 3 (IANS): Cash management and payments solutions company CMS Info Systems has signed a deal with the Department of Post (DoP) to personalize over 15 million debit cards for India Post savings account holders, it was announced on Wednesday.   “The deal, valued at Rs.30 crore, is estimated to be completed in […]

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 […]