New Delhi, Aug 22 (ANI): A massive fire broke out in a building in Delhi's Paharganj area on Wednesday. After receiving the information about the incident, the police immediately rushed to the spot and saved the life of a couple who were trapped in the building. The fire had started at the first floor, trapping people who were on upper floors as they were sleeping at the time.
Mumbai, Aug 16 (ANI): Hitting a fresh record low, the Indian Rupee on Thursday opened at 70.22 versus the US dollar. Amid the Turkey crisis, the Indian currency started off the session on a weak note, hitting a fresh record low of 70.25 against the dollar. On Tuesday, after opening at a marginal high of 69.85 against the US Dollar, the Indian rupee touched an all-time low of 70 per US dollar. The currency touched an all-time low of 70.08 against the US dollar, while marking depreciation of around 10 percent in 2018. The fall in rupee was mainly impacted by drop in Turkish Lira, which helped the US dollar to gained strength on the back of fears that economic crisis in Turkey could spread to other global economies.
Mumbai, New Delhi, Aug 13 (ANI): The rupee on Monday touched an all-time low of 69.62 per dollar in early trade, tracking broader weakness in other emerging market currencies on concerns of a spill-over from a crisis-hit Turkey. The Reserve Bank of India (RBI) was seen intervening to stem a sharp fall in the rupee, two dealers said. The rupee reversed marginally from its record lows to trade at 69.53 to the dollar. It had ended at 68.84 to the dollar on August 10. The 10-year benchmark bond yield rose to 7.80 percent from its previous close of 7.75 percent, tracking the weakness in rupee. Investors preferred safe-havens such as the U.S. dollar and the yen after a plunge in the Turkish Lira sent all emerging market currencies sharply lower. The lira has fallen about 45 percent against the greenback this year on worries over Turkish President Tayyip Erdogan's increasing control of the economy and a deepening diplomatic rift with the United States.
Mumbai, Aug 13 (ANI): The Bombay Stock Exchange (BSE) opened lower at 37,626.95 on Monday morning. It has come down by 242.28 points. While NSE's Nifty 50 hovered around 11,356.70, down by 72.80 points. In such situation, the Indian rupee opened at a low today of 69.47 against the US dollar. Sunil Shah, Market Expert said, "The ripple effects of the political crisis between USA and Turkey were seen on the world's financial, currency and capital markets. USA and Asian markets are also low."
New Delhi, Aug 11 (ANI): World's largest co-working ecosystem, GoWork has come out with plans for its next funding. It has announced to raise USD 200 million from PE investors. Planning for expanding itself, GoWork has aimed to utilize its funds. In this regard, the company is planning to launch at least 50 campuses country wide within next five years. It has built a strong clientele with companies like Paytm, Zomato, Lifelong.
New Delhi, Aug 09 (ANI): PayPal, a global technology platform and digital payments leader, has announced its strategic partnership with HDFC Bank to offer safer, faster and convenient payment experiences for the bank's card holders. To initiate incremental digital spend, the HDFC cards will be presented as a payment option during enrollment and subsequent payments, with the ability for consumers to easily open PayPal accounts and set it as their preferred payment method. The partnership will create a number of joint growth opportunities that will advance PayPal and HDFC Bank's shared vision of offering consumers greater choice and flexibility in managing their money. This agreement will take effect immediately, with new experiences available to customers that are designed to drive incremental digital spend.
New Delhi, Aug 08 (ANI): The Centre has appointed Rashtriya Swayamsevak Sangh (RSS)-affiliate Swadeshi Jagaran Manch co-convenor Swaminathan Gurumurthy and businessman Satish Kashinath Marathe to the Central Board of the Reserve Bank of India (RBI). The names were approved on Tuesday as per provisions of Section 8 1C of the RBI Act, 1934 by Prime Minister Narendra Modi-led Appointments Committee of the Cabinet. They have been appointed as a part-time, non-official director for the period of four-year. With the two new appointments, the total number of government-appointed directors on the RBI board has reached 10.
New Delhi, Aug 04 (ANI): The 29th Goods and Services Tax (GS) Council meet was chaired by Finance Minister Piyush Goyal at Vigyan Bhavan on Saturday. "Law Committee will take decisions related to law. Fitment Committee will take decisions related to rates", said Piyush Goyal after the meeting. "GST council has decided to form a sub committee under the leadership of Shiv Pratap Shukla, Minister of State for Finance. Delhi Finance Minister Manish Sisodia, Finance Minister of Punjab and Finance Minister of Kerala will be a part of this committee", he added.
New Delhi, Aug 04 (ANI): The 29th Goods and Services Tax (GST) council meeting headed by Union Finance Minister Piyush Goyal was held at Vigyan Bhawan on Saturday. After slashing rates of around 88 items in the last meeting, the 29th meeting of the GST council is expected to focus on the ailing Micro, Small and Medium Enterprises (MSMEs) sector. The country's MSMEs are encountering certain taxation-related challenges and have not been able to come to terms with the new GST regime.
New Delhi, Aug 04 (ANI): Online travel booking platform Goibibo launched a new WhatsApp integrated solution which allows its users to sign-in to Goibibo on mobile web via WhatsApp. Through WhatsApp, login authentication will help mobile web users to log in without needing to remember password, keying in OTP or mobile number- rendering a convenient, seamless experience. "We are a mobile-first company and we want to leverage the mobile ecosystem to its fullest to make online travel booking experience even more convenient. Given the ubiquitous usage of WhatsApp among Indians, it was a natural choice for us to build this feature to help people access the platform without the fuss of remembering complex passwords and punching in OTPs," said Chief Product Officer, Goibibo, Anshuman Bapna. This new feature will help Goibibo further enhance qualitative services for its consumers who have come to expect ease and superior user experience. Goibibo currently offers features like seat and meal sele
Mumbai, Jul 30 (ANI): The market on Monday saw a significant high as the Bombay Stock Exchange (BSE) Sensex crossed the 37,000 mark. The Sensex soared by 270.62 points, while Nifty reclaimed the 11,000 mark to trade at 11,304.15. Meanwhile, the Indian rupee opened at Rs.68.70 per dollar, against its previous close of Rs.68.77.
New Delhi, Jul 24 (ANI): Union Finance Minister Piyush Goyal on Tuesday told Rajya Sabha that ever since Prime Minister Narendra Modi government came to power in 2014, the black money deposited in Swiss National Bank has reduced by 80 per cent. He added that in his letter to the Indian government, the Swiss Ambassador Andreas Baum mentioned that in India it is frequently assumed that any assets held by Indian residents in Switzerland are undeclared (black money).
New Delhi, Jul 24 (ANI): Multimedia messaging app is discontinuing its digital payment service app 'Snapcash'. Snapcash started as a way of splitting bills among friends, ended up being used as a way of exchanging private content. As a result the parent company will now be shutting down 'Snapcash' to avoid misuse and legal problems. 'Four years after launching the peer-to-peer payment service, Snapcash will be shutting down on August 30' as per a source. Snapcash was the first product Snapchat built in partnership with another company called Square.
New Delhi, Jul 22 (ANI): 29-year-old Ngangom Monalisa Chanu from Manipur has brought in a new era of eco-friendly products in the form of environment-friendly pen and pencils. The budding woman entrepreneur deals with products ranging from environmental pens with seeds, pencils, direct filling ball pens, paper bags, non-woven bags and more, under the brand name of 'Envi'. Her business venture, Chanu Associates concern for environment and her personal love for nature compelled her to come up with the innovative idea of making pens and pencils with biodegradable products. Chanu said, "I got some knowledge about the environment like bag making, tree plantation and more such measures when I was studying in Punjab University. Pen can be made without any machinery and without any investment, so I got inspired and prepared a handmade pen. Though I had set up a firm in 2007, all the processes like GST compliance finished in March this year. After that, I started producing eco-friendly products
New Delhi, July 18 (ANI): Eatigo, a restaurant reservation platform in Southeast Asia, has received a follow-on investment from its existing strategic investor, TripAdvisor, bringing its total raise across all its investors to date to over USD 25 million. The pre-series C investment for Eatigo comes as TripAdvisor's restaurants business unit and its subsidiary, TheFork, look to help expand Eatigo's presence and services across the Asia Pacific region. Eatigo operates in 6 countries, and has over 4 million users. It offers the largest inventory of discounted restaurants offers in the region with over 4,000 restaurant partners.
New Delhi, Jul 14 (ANI): A recent study found that 12 percent of youth between the ages of 13 and 17 check their phone every few seconds. Here are a few apps that help students grow. Toppr.com is a personalised learning app for students studying for boards, Olympiads and various engineering, commerce and medical competitive exams. Merriam-Webster Dictionary is helping students in various ways like students can hear a correct pronunciation, see variety of examples, and learn about the history of the word's origin. Google Fit is a health-tracking platform developed by Google, it can be easily integrated with their fitness gears. Wynk Music is the one-stop music app for the latest to the greatest songs that students will love.
New Delhi, Jul 13 (ANI): Shaida Abdali, Afghanistan's Ambassador to India said that trade between India and Afghanistan is on a high trajectory. "It is on high trajectory. The level of trade has increased to almost $900 million between India and Afghanistan and goal is to improve it further", said Shaida Abdali. "Our target for trade by 2020 is US$ 2 billion and Projects like Chabahar Port is giving hope that the trade between the countries will be much bigger in future", he added.
New Delhi, Jul 13 (ANI): The Indian Army on Thursday signed a Memorandum of Understanding (MoU) with the State Bank of India on defence salary package. The first MoU between SBI and the Indian Army was signed in 2011 and was renewed on 23 February, 2015. According to Indian Army, the revised MoU is tailor-made to suit the requirements of serving soldiers, pensioners and their families. "A number of additional facilities have been incorporated in the revised MoU which include free personal accident death cover, free permanent total disablement cover and other accidental benefits to the deceased soldier and family. This MoU will benefit a large number of serving and retired Army personnel who are having their accounts with SBI. The MoU will be valid till 3 January, 2019 and continuation thereafter will be subject to review/renewal," the Indian Army said in a statement. The signing-in ceremony was chaired by Adjutant General Lt Gen Ashwani Kumar and was attended by officials of SBI headed
Gurugram (Haryana), Jul 11 (ANI): Vistara Airlines has placed orders with Airbus and Boeing for a total of 19 aircraft against an investment of USD 3.1 billion. Vistara will also lease 37 new A320neo aircrafts from leasing companies, adding a total of 50 A320neo-family aircrafts into its existing fleet. Vistara will use these aircraft to ramp up its domestic network and to support its international operations later this year. The 787-9s are intended for use on medium-haul and long-haul international routes. Vistara is due to receive one A320neo in September 2018 from the orders placed.
New Delhi, Jul 10 (ANI): NITI Aayog Vice Chairman Rajiv Kumar on Monday said that zero budget natural farming (ZNBF) is one of the most potent methods to double the farmers' income by 2022. "A paradigm shift is needed in Indian agriculture because if you want to double farmers' income. You have to not only look after the prices, but it is much more important to reduce the cost of agriculture. Zero budget natural farming is one of the most potent methods of achieving it," said Kumar.