Page 15 - Video Gallery

RBI to announce second bi-monthly Monetary Policy of 2018-19 today

Mumbai (Maharashtra), Jun 06 (ANI): The Reserve Bank of India (RBI) will announce its second bi-monthly Monetary Policy of 2018-19 on Wednesday. The meeting of the monetary policy committee (MPC), headed by RBI Governor Urjit Patel, began here on Monday. The committee will meet today as well, before the policy will be announced. This is the first time the six-member committee is meeting for three days instead of the usual two, due to certain administrative exigencies. For those unversed, the RBI's six-member committee has been entrusted with the task of setting the benchmark interest rate after an amendment was passed through the Finance Act, 2016. Prior to the establishment of the MPC, the RBI Governor was responsible for setting the interest rate.

Bitcoin scam: Raj Kundra summoned by Enforcement Directorate

New Delhi, Jun 05 (ANI): Businessman and actor Shilpa Shetty's husband Raj Kundra, was on Tuesday summoned by the Enforcement Directorate (ED) in connection with the Bitcoin scam. Kundra's name turned up in the report following alleged links with Bitcoin scamster Amit Bhardwaj. Kundra was questioned in the ED's Mumbai branch. According to media reports, Bhardwaj had started the country's first online marketplace which accepted bitcoins and had also started bitcoin mining start-ups. Kundra reportedly lured in investors with promises of hefty returns, assuring the investors of access to the bitcoin mining system that would let them mine their own bitcoins. Kundra had allegedly promoted one of Bhardwaj's operations.

Irregularities found in CSI's income, will have to pay Rs 3 crore: Chief Income-Tax Commissioner

Dehradun, Jun 01 (ANI): The appeal of the Civil Services Institute seeking to avoid payment of IncomeTax claiming that the association is a charitable trust has been rejected by the Income-Tax Department and now will have to pay Rs 3 crore. Pramod Gupta, Chief IncomeTax Commissioner said, "We did tax assessment of Civil Services Institute last year and we found out irregularities along with those things which should have come under the purview of Income-Tax regulations which they did not keep. We assessed the Income as Rs 7 crore on which they have to pay Rs 3 crore. They appealed to Appellate Commissioner who confirmed our order". The Civil Services Institute, an association of bureaucrats had earlier paid Rs 47 lakh before the appeal.

Mahindra and Mahindra signs 2 MoUs with Maharashtra Government to promote electric vehicles

Mumbai, Jun 01 (ANI): Car manufacturer Mahindra and Mahindra signed two different Memorandum of Understandings (MoUs) with Maharashtra Government on Thursday. The MoUs were signed in order to promote electric vehicles for shared mobility space in the state. CM Devendra Fadnavis and Union Minister Dr Harsh Vardhan were also present on the occasion. M and M and Maharashtra is eyeing to promote adoption and use of EVs in the state.

Wall Street rebounds as Italy worries ease

New Delhi, May 31 (ANI): Wall Street rebounded on Wednesday. Yesterday's downward trend, energy and bank stocks fueled the recovery. Investors are hopeful that renewed attempts to form a coalition government means Italy could avoid a new election. Bank stocks like Wells Fargo and Bank of America rallied as the Federal Reserve considered a proposal to modify the 'Volcker rule'. That law aims to prevent banks from making market bets while taking in taxpayer-insured deposits.

Nearly 10 lakh bankers go on 2-day nationwide strike against 2% salary hike

Thiruvananthapuram (Kerala)/ Kolkata (WB)/ Moradabad (UP)/ Lucknow (UP)/ New Delhi, May 30 (ANI): Nearly 10 lakh bank workers have gone on a 2-day strike to protest against a 2% salary increase offered by the Indian Banks Association (IBA), which represents bank managements. The bank workers gathered in large numbers to stage protests in different cities of the country. Earlier on May 5, the IBA refused to increase wages by more than 2% for junior officers citing poor financial conditions of banks. Following this decision, the bankers opted to go for the strike.

Government slashes fuel prices after 16 days

New Delhi, May 30 (ANI): Almost after sixteen days of agitation and protest, the Central government has finally slashed the fuel prices a bit. In Delhi, the petrol prices have went down by 60 paise while in Mumbai, the cost has been reduced by 59 paise. The diesel prices in Delhi have been reduced by 56 paise and in Mumbai by 59 paise. After this reduction, petrol price in Delhi came down to Rs 77.83 per litre, Mumbai stands at Rs. 85.65 per litre; Kolkata at Rs. 80.47 per litre and in Chennai petrol costs Rs. 80.80 per litre.Diesel prices in Delhi have been reduced to Rs. 68.75 per litre, Rs. 73.20 in Mumbai, Rs. 71.30 in Kolkata and a litre of petrol now costs Rs. 72.58 in Chennai.

Bankers begin 2-day strike against meagre salary hike

Varanasi (UP), May 30 (ANI): Bank workers in Varanasi staged protest against a 2% salary increase offered by the Indian Banks Association (IBA), which represents bank managements. Demanding an immediate wage revision, the United Forum of Banking Unions (UFBU) has called for a 2-day nationwide bank strike. In Ahmadabad, UFBU members gathered in number to voice against the hike offered by the IBA. Nearly 10 lakh bank workers across the country will join this strike. Earlier on May 5, the IBA refused to increase wages by more than 2% for junior officers citing poor financial conditions of banks. Following this decision, the bankers opted to go for the strike.

Harman launches 'JBL GO 2' Bluetooth speaker in India

New Delhi, May 26 (ANI): Harman International Industries, a wholly-owned subsidiary of Samsung Electronics Co. Ltd., recently announced the launch of JBL GO 2 in India. JBL GO 2 is a portable, compact Bluetooth speaker with next-generation audio quality and a new, bolder design. It is the second generation Bluetooth speaker of JBL GO, considered as one of the most popular portable Bluetooth speakers in this category. The new JBL GO 2 is priced at Rs 2,999 and is available at various retail stores and chains, and at 350 key Samsung brand stores across the country. JBL GO 2 comes in a thrilling combination of JBL Signature sound and waterproof IPX7 design coupled with increased audio quality and performance. Users can easily submerge it while playing, or carry it to the poolside, beach, the porch or patio. They can also wirelessly stream music via Bluetooth or with a wired connection from any smartphone or tablet. The built-in rechargeable Li-ion battery supports up to five hours of play

Fuel price hikes continues to take toll on commuters

Varanasi (UP)/ Pune (Maharashtra)/ Hyderabad, May 26 (ANI): The petrol and diesel prices have witness a steady climb in the past 11 days. The continuous fuel price hike has been taking a toll on the commoners and daily commuters. While the government has quoted that the weakening of Indian rupees against US Dollar the reason for the hike, the consumers are worried with the sudden shift in their monthly budgets. Amid this hustle, people demand bringing petroleum under the Goods and Services tax (GST).

IRCTC partners with ixigo for hotel bookings

New Delhi, May 25 (ANI): Leading travel marketplace, ixigo, announced on Thursday that it has partnered with subsidiary of the Indian Railway Catering and Tourism Corporation (IRCTC) to exclusively power hotel bookings for its users. Railway travelers can now go to IRCTC hotels and compare budget and luxury hotels across India. Ixigo searches and compares over 40,000 hotels from all leading travel websites and allows travelers to filter by offerings such as 'pay at hotel' and 'free cancellation'. Rail travelers will benefit from exclusive deals and discounts as ixigo will aggregate and compare prices across branded budget hotel aggregators and OTAs on IRCTC. MP Mall, Chief Managing Director (CMD), IRCTC said, "Our partnership with ixigo is a part of our efforts of enhancing service offerings to railway customers. The smart and personalised hotel booking options aggregated from multiple online travel sites will help IRCTC deliver affordable accommodation to users through ixigo's simple

European shares set to extend winning streak on oil surge

New Delhi, May 18 (ANI): European shares dipped in morning trade but were on course for eight straight weeks of gains, supported by a rally in energy shares and a weaker euro, which helped investors shrug off worries over Italy. After a turbulent start to the year, equities in Europe have been buoyed by a surge in crude prices - topping $80 a barrel on Thursday that has continued to ease worries that currency headwinds could erode earnings for export oriented companies.

Sensex, Nifty extend opening losses

Mumbai, May 18 (ANI): Market indices continued to extend opening losses on Friday morning, amid a hike in global crude oil prices. The BSE's Sensex traded 108.21 points lower at 35,040.91, while Nifty traded at 10,652.25, with all sectoral indices trading in red except FMCG. Meanwhile, the Indian Rupee traded at Rs. 67.71 against one US dollar.

Sensex, Nifty plunge in morning trade

Mumbai, May 16 (ANI): Market indices saw a significant plunge in Wednesday morning trade, following correction in banks stocks after Punjab National Bank (PNB) reported a massive loss in the fourth quarter of FY 2017-18. The BSE's Sensex dipped by 184.57 points to 35,349.84, while Nifty traded 63.45 points lower at 10,738.40. About three shares declined for every share rising on the BSE, Moneycontrol reported.

Sensex soars 371.84 points as BJP leads in Karnataka

Mumbai, May 15 (ANI): As counting is underway in Karnataka, market indices soared on Tuesday. The BSE's Sensex surged by 371.84 points to trade at 35,928.55, while the Nifty traded 103.65 points higher at 10,910.25. As per the latest results from the Election Commission, the Bharatiya Janata Party (BJP) has marked a lead on 95 seats while Congress is trailing in far second with a lead on 47 seats. The third key player, Janata Dal (Secular) (JD-S) is close on the heels of Congress with a lead on 37 seats, as per the official trends by the Election Commission.

Four platforms spurring growth of local businesses

New Delhi, May 14 (ANI): The impact of an increasingly robust e-commerce mechanism and digital payment is helping local businesses flourish. Local economies have seen drastic transformation with the advent of new technology, be it in terms of sales, marketing or any other function. Some technology-driven platforms that are aiming to help these local businesses make profits by providing them better technology or a platform to increase their sales are Amazon, Craftsvilla.com, RoadCast, Salebhai.com.

Dust storm hits mango business, farmer faces huge loss

Moradabad (Uttar Pradesh), May 14 (ANI): After the sudden change in weather brought some relief from heat waves but the mango farmers in Uttar Pradesh's Moradabad faced huge loss due to massive dust storm that hit north India on Sunday. More than 20 percent of mango harvest has been damaged with fruits falling off due to gusty winds.

Wall Street rises on easing inflation concerns

New Delhi, May 11 (ANI): Wall Street jumped as tepid inflation data eased worries of faster interest rate hikes this year. Weak inflation data fueled buying on Wall Street with tech and telecom stocks leading the way. The Dow rose for a sixth straight session, and the S and P 500 cleared a key technical level for the second straight day. The consumer price index rose modestly in April. That cooled investors' concerns that inflation was accelerating. American multinational financial services company Wells Fargo shares rose. The bank said it'll cut expenses by $2 billion annually this year and next. American Telecommunications equipment company Qualcomm rallied. The chipmaker OKed a new $10 billion program to buy back its shares. Macy's tumbled. Morgan Stanley downgraded the department store chain's stock to "underweight" from "equal weight". Tech and materials stocks led the major markets higher in Europe.

Amazon wants shoppers to try Alexa

New Delhi, May 10 (ANI): American electronic commerce company Amazon teamed up with home construction and real estate company Lennar to set up model "smart" homes across the United States for shoppers to experience its voice assistant Alexa. Aside from finding good tunes, Amazon wants people to know, Alexa can also do things like dimming lights, turning on TV, and locking doors. Amazon's smart homes are now open near 15 big cities, including Los Angeles, Dallas, and Washington, with more to come. The global smart home market is expected to reach $107 billion by 2023 according to market research firm ReportLinker.

Disney earnings surge post 'Black Panther' success

New Delhi, May 09 (ANI): Walt Disney reported a 9 percent rise in quarterly revenue, powered by the box-office success of superhero movie 'Black Panther' as well as higher attendance and spending in its theme parks and resorts business. The company's CEO Bob Iger said on a conference call with investors that he is confident Disney's deal to buy media assets from Twenty-First Century Fox will go forward.