India

  • Apple to ramp up festive sales with 1st India online store: Report
    NEW DELHI, AUGUST 25 (IANS): Apple appears to be eying a fair share of the festive sales in India this year as the iPhone maker is planning to make its long planned online store in the country a reality soon, the media reported. While there was no official confirmation yet from the company, a Bloomberg report on Tuesday said Apple is preparing to open the online store in the country as early as next month. Soon after the Prime Minister Narendra Modi's cabinet decided to ease
  • Anxious families call for relatives in rubble of collapsed Indian building
    MAHAD, August 25 (Reuters): Distressed families shouted names of relatives trapped in the rubble of a collapsed building in western India on Tuesday, hoping to receive a response as rescue workers accelerated efforts to pull out dozens of survivors. At least two people were killed and 18 injured when a five storey building collapsed in Mahad, an industrial town near India's financial capital Mumbai on Monday. More than 90 people were trapped under the debris, with 60 now
  • PhonePe becomes India's fastest growing insure-tech distributor
    NEW DELHI, AUGUST 25 (IANS): Digital payments platform PhonePe which is focusing on financial services for driving growth said on Tuesday that it has emerged as the fastest growing insure-tech distributor in India. In the last four months alone, PhonePe has added six new products in the insurance and wealth management space. PhonePe said its mutual fund offerings have also seen investments from over 5,000 cities and towns in India. "This year we will be launching multiple
  • India records 61K new corona cases, tally crosses 31L
    New Delhi, August 24 (IANS): With 61,407 fresh Coronavirus infections in 24 hours, India's tally mounted to 31,06,348 on Monday, while the death toll climbed to 57,542 with 836 more fatalities, said the Health Ministry. Recoveries have crossed the 23-lakh mark and surged to 23,38,035 with 57,469 more people recuperating in the past 24 hours, taking the recovery rate to 74.90 per cent. The actual caseload of the country is the active cases, which currently stands at 7,10,771.
  • Centre issues 'rules of origin' guidelines for imports under trade pacts
    NEW DELHI, AUGUST 23 (IANS): The Union government has come up with guidelines for the enforcement of the 'rules of origin' for imports under trade agreements. The Customs (Administration of Rules of Origin under Trade Agreements) Rules, 2020 (CAROTAR) will come into effect on September 21, 2020. The Department of Revenue circular noted that the 'Rules of Origin', by virtue of which a good attains origin of a country, have evolved with subsequent reviews of trade a
  • Online registration for jewellers, hallmarking centres launched
    NEW DELHI, AUGUST 21 (IANS): The central government on Friday launched an online facility for the registration of jewellers as well as assaying and hallmarking centres and their renewals thereafter. The facility can be accessed through the Bureau of Indian Standards portal www.manakonline.in. Launching the online facility, Union Minister for Consumer Affairs, Food and Public Distribution Ram Vilas Paswan said that it was difficult to manually handle a large number of requests for
  • Pak minister questions FB's bias for India over Pakistan
    ISLAMABAD, AUGUST 21 (IANS): Pakistan's Federal Minister for Information Technology and Telecommunication Aminul Haque has raised serious questions and reservations over the alleged "biased" policies of social media giant Facebook for Indian users in comparison to content from Pakistani users. Referring to the report from The Wall Street Journal (WSJ), which states that Facebook Inc's content regulations policies favoured Indian Prime Minister Narendra Modi's p
  • India's steel demand expected to contract in FY21: Fitch Ratings
    MUMBAI, AUGUST 21 (IANS): India's steel demand is expected to contract in FY21, Fitch Ratings said on Friday. However, the ratings agency said that volumes should continue to improve over the next few quarters, led by rural consumption and government spending on infrastructure, and lead to better margins due to operating leverage. "Higher prices supported by the price rebound in China should also drive margins in 2QFY21 and beyond. Hot-rolled steel sheet prices in China
  • Yes Bank to sell mutual fund arm to GPL Finance
    MUMBAI, AUGUST 21 (IANS): Yes Bank has signed a definitive agreement with GPL Finance and Investments Ltd to sell 100 per cent stake in Yes Asset Management (India) Ltd (YESAMC) and Yes Trustee Limited (YTL), both wholly-owned subsidiaries of the restructured bank. YESAMC is the asset management company of YES Mutual Fund and YTL is the trustee of YES Mutual Fund. Upon completion of the transaction, YESAMC and YTL will cease to be subsidiaries of the bank, which will exit its mutual
  • Digital lenders are busy helping Indian MSMEs stay afloat: Report
    NEW DELHI, AUGUST 21 (IANS): As the Covid-19 crisis forces micro, small and medium-size enterprises (MSMEs) in India to stay afloat in the absence of incoming revenue and kick-start their business again, digital lenders have come of age as they have the advantage of speed and adaptability to assess and disburse loans faster, according to a new report. The Reserve Bank of India (RBI) estimates the total addressable credit demand by the country's MSMEs at $490 billion and the over
  • Bharti plans ground stations in India for OneWeb satellite signals
    CHENNAI, AUGUST 20 (IANS): Bharti Enterprises hopes to set up a few ground stations in India to receive signals from the 648-satellite constellation owned by UK-based OneWeb and start offering its services in India, Chairman Sunil Bharti Mittal said on Thursday. Speaking at the webinar on 'Unlocking India's potential in Space Sector', he noted OneWeb with 648 satellites in the Low Earth Orbit (LEO) plans to start its services in India in early 2022. Bharti has to get
  • Govt may consider selective ban on Chinese equipment in power sector
    NEW DELHI, AUGUST 20 (IANS): In a swift turn of events, the government is looking to bar Chinese firms from participating in government contracts in the sensitive power sector, especially for procurement of digital products that are prone to malware threats. Sources in the government said that already global bidding has been barred for public procurement of upto Rs 200 crore, and more specific restrictions may be imposed on use of Chinese gear in the critical power sector. A blan
  • LeT plans barbaric attack on J&K army posts: Intel
    NEW DELHI, AUGUST 20 (IANS): As winter draws near, terrorists based in Pakistan are making desperate attempts to cross the Line of Control in Jammu and Kashmir to enter Indian territory, intelligence agencies have alerted security establishments in the valley. Sources said 12 Pakistan trained Lashkar-e-Taiba (LeT) jihadis, in two groups, are making attempts to cross the Line of Control (LoC). To help these terrorists cross the LoC, Pakistan's Border Action Team (BAT) has planned
  • Education Ministry to launch national IP literacy initiative
    NEW DELHI, AUGUST 19 (IANS): The Education Ministry will soon launch a National Intellectual Property Literacy initiative and is in talks with some other ministries in this regard, a top official said on Wednesday. "When we looked at our higher educational institutes, more than 95-97 per cent of our institutes have never filed intellectual property ever, so we felt that if we have to create a culture of IP creation in these institutes we really need to ensure that we make them
  • All you need to know about National Recruitment Agency
    Cabinet approves setting up of the National Recruitment Agency to conduct Common Eligibility Test on August 19    New Delhi, August 19 (IANS): Prime Minister Narendra Modi listed the benefits of the National Recruitment Agency (NRA) which also got a nod from the cabinet on Wednesday. Calling it a 'boon for crores of youngsters', he said, "Through the Common Eligibility Test, it will eliminate multiple tests and save precious time as well as resources&quo
  • ARIIA 2020 Rankings: SRM secures 2nd position in Private or Self-Financed universities category
    Kattankulathur, Augsut 18 (MExN): The SRM Institute of Science and Technology (SRMIST), Kattankulathur has secured second place in the Private or Self-Financed universities category of the Atal Rankings of Institutions on Innovation Achievements (ARIIA) 2020. The ranking was announced virtually by Vice President, Venkaiah Naidu on August 17.  A total of 674 institutions took part in the rankings and SRMIST managed to secure the podium finish this year too, informed a press r
  • Watch out! bogus govt websites targeting job hunters
    NEW DELHI, AUGUST 19 (IANS): White collar criminals are coming up with new ways to dupe the unemployed and needy looking for government jobs. The Delhi police cyber cell has recently unearthed many rackets which create bogus websites resembling government websites to lure people and extort money from potential victims. Recently, the cyber cell of the Delhi police busted a racket which floated a fake Central Government Scheme titled 'PM Shishu Vikas Yojna' which claimed to
  • Subdued vehicle demand hurts auto component industry in FY20
    NEW DELHI, AUGUST 19 (IANS): Subdued vehicle demand along with slowdown in key export markets, amongst others dented the year-on-year financial performance of the country's auto component industry in FY 2019-20. According to data, the turnover of the automotive component industry stood at Rs 3.49 lakh crore ($49.2 billion) for the period April 2019 to March 2020, registering a de-growth of 11.7 per cent over the previous year. The data was furnished by the Automotive Componen
  • 40% restaurants may not reopen at all in India: Zomato
    NEW DELHI, AUGUST 19 (IANS): While the online food delivery space is somewhat returning to normal, the dining out industry in India has been hit hard and is operating at only 8-10 per cent of the pre-Covid levels, a new Zomato report revealed on Wednesday. Out of the 83 per cent restaurants that are not open for business, 10 per cent have already shut down permanently. "We anticipate an additional 30 per cent restaurants to not reopen at all. Remaining 43 per cent are closed
  • Cabinet okays hike in sugarcane FRP, to benefit 1 cr farmers
    NEW DELHI, AUGUST 19 (IANS): The Union Cabinet on Wednesday approved a hike in the fair and remunerative price (FRP) of sugarcane by Rs 10 to Rs 285 per quintal, for upcoming crushing season 2020-21 (October-September). The Cabinet Committee on Economic Affairs gave its assent to the proposal in this regard by the Department of Food under the Ministry of Consumer Affairs, Food and Public Distribution, on the recommendation of the Commission for Agricultural Costs and Prices (CACP).