Page 21 - Video Gallery

Nirmala Sitharaman assures of providing facilities to defence equipment manufacturers

Lucknow (UP), Feb 22 (ANI): Defence Minister Nirmala Sitharaman on Thursday attended UP Investors Summit 2018. In her speech Sitharaman said, "We will create opportunities for people who make defence equipments." She also proposed to accept defence items from common men who are producing these equipments.

MobiKwik activates services on Bharat Bill Payments System

New Delhi, Feb 21 (ANI): MobiKwik, an issuer-independent digital financial services platform, mobile wallet major and payment gateway announced that users across India, including those from rural and semi-rural areas can now pay their utility and convenience bills using the wallet. The announcement comes after the company integrated its payment services with National Payments Corporation of India's (NPCI) Bharat Bill Payments System and will also soon launch as Bharat Bill Payments Operating Unit (BBPOU). The BBPS is a tiered structure for operating the bill payment system in the country under a single brand. The NPCI will function as the authorised Bharat Bill Payment Central Unit (BBPCU), which will be responsible for setting business standards, rules and procedures for technical and business requirements for all the participants.

Finway Capital to empower borrowers with easy access to funds

New Delhi, Feb 20 (ANI): Finway Capital has introduced predictive intelligence technology to assess the payback capacity of loan seekers and borrowers whose applications are often rejected by financial institutions due to a poor CIBIL score. Inspired and impressed with Prime Minister Narendra Modi's 'Everyone is entitled to get credit' mantra, Finway uses artificial intelligence (AI) with a human interface model to predict the payback capacity of the loan seeker.

Bengaluru International Airport Ltd. partners with Ace Turtle to digitise travel retail

New Delhi, Feb 20 (ANI): Bengaluru International Airport Limited (BIAL) will soon enable an airport omni-channel commerce experience for travellers at the Kempegowda International Airport, Bengaluru. In order to facilitate and enable a seamless online/offline commerce experience for passengers, BIAL partnered with Ace Turtle, an omni-channel platform company, for passengers to buy online or in the air and pick-up, ship or deliver to the destination of their choice. The focus of the digital transformation for BIAL is to improve the traveler's journey, create new revenue opportunities and realise operational efficiencies through an agile approach for BIAL and its business partners.

Reliance to invest Rs. 60,000 crore in Maharashtra

Mumbai, Feb 19 (ANI): Chairman and Managing Director of Reliance Industries Limited Mukesh Ambani on Sunday said that his company will invest Rs. 60 thousand crore in a collaborative initiative over the next ten years in the state of Maharashtra. While elaborating his vision, Ambani said that the fourth Industrial Revolution will help Maharashtra and India solve difficult problems including education, healthcare, water security, and will also boost agriculture.

Electric vehicle firms welcome response received at Auto Expo 2018

New Delhi, Feb 16 (ANI): Representatives of firms manufacturing electric vehicles have welcomed the positive feedback and responses they have received for their offerings at the Auto Expo 2018. This year's Auto Expo featured 25 branded electric vehicles among the nearly 500 that were placed for display between February 9 and February 14. There were 119 exhibitors at the six-day-long event that ended on Wednesday. Over 6.05 lakh people visited the mega event. Auto Expo 2018 was jointly organised by the Automotive Component Manufacturers Association of India (ACMA), Confederation of Indian Industry (CII) and Society of Indian Automobile Manufacturers (SIAM) in Greater Noida, Uttar Pradesh.

Here are few preventive healthcare packages for 'Corporate India'

New Delhi, Feb 15 (ANI): Got your preventive health check-up done? If you wish to do so, ensure that you don't end up with unnecessary tests. It is important for every company to maintain and improve the health of employees so that they feel a sense of belonging and remain faithful to the company. The easiest way to achieve this is by introducing preventive healthcare packages in the corporate culture. There is an emerging trend of people taking charge of their own health and of those close to them. An increasing number of people are opting for preventive healthcare packages to maintain a healthy lifestyle. Here are some of the best preventive healthcare packages offered by health companies for the Corporate World.

Ola starts trial rides in Perth

New Delhi, Feb 14 (ANI): App-based cab service Ola started trial rides in Australian city of Perth. Last month Ola went global and announced the launch of its operations in Australia. Ola will be competing American rival Uber in the continent. Ola is targeting cab market in Australia by providing affordable fares and high quality travel experience in cities of Australia. It is expected to start operating in Australian cities of Melbourne, Adelaide, and Canberra soon. Ola has also expanded its services in Colombo and Dhaka.

Buoyancy in Personal Income Tax reflects positive impact of Demonetisation: Niti Aayog VC

New Delhi, Feb 14 (ANI): While addressing at Confederation of Indian Industry (CII) event in New Delhi, Vice Chairman of the Niti Aayog Rajiv Kumar said, "People have questioned Demonetisation but the fact that our Personal Income Tax, the buoyancy it has shown is more than 2-2.5". "It's a clear reflection that demonetisation was for good, and it improved and will continue to improve tax compliance in India" VC Niti Aayog added.

It is favourable time to invest in India: LuLu Group Chairman

Dubai (U.A.E.), Feb 12 (ANI): Chairman and Managing Director of Lulu Group International, Yusuff Ali said it is a favourable time to invest in India with tremendous efforts in the infrastructure sector with welcoming environment. He added that there is a good climate and environment in India to offer in order to invest.

ONGC net profit rises by 15.2% in third quarter

New Delhi, Feb 10 (ANI): The Oil and Natural Gas Corporation (ONGC) Limited declared their third quarter result and posted net profit of Rs. 5,015 crore, which is 15.2 percent more than the last third quarter. In its 303rd Board Meeting held on Friday, the ONGC presented the quarterly results for the third quarter ended December 31, 2017. Gross revenue increased 14.9 percent to Rs 22,996 crore, which was Rs 20,014 crore in the third quarter of financial year 2017. Standalone production registered upswing in the nine month period: natural gas up 7.7 percent; crude oil up by 1.2 percent and value added product (VAP) up 4.9 percent in financial year 2018 against same period in financial year 2017.

Yamaha launches YZF-R3 at Auto Expo 2018

Greater Noida, Feb 09 (ANI): Japan's second-largest motorcycle maker, Yamaha launched its new BS-IV emission norms compliant YZF-R3 sports bike at India's binennial auto show near New Delhi on Friday. Bollywood actor John Abraham, Yamaha's face in India, attended the launch at the opening day of Auto Expo 2018 in the satellite city of Greater Noida. Yamaha had pulled YZF-R3 out of the Indian market in April 2017. Priced at nearly rupees 3.48,000, the Yamaha YZF-R3 offers dual channel ABS (anti-lock braking system) as standard, with the engine being paired to a 6-speed gearbox.

Asian markets in turmoil as Wall Street slides

New Delhi, Feb 09 (ANI): It's likely to be a dramatic end for markets in Asia on Friday, with stocks across the region taking a beating once again tumbling to two-month lows. Wall Street rounded off Thursday with deep losses, prompting traders in Asia to start a sell-off at the opening bell. Japan's Nikkei and Hong Kong's Hang Seng both down more than 3 percent and shares were also being pummeled in South Korea and Australia. By mid-morning, China's main indices fell by around 6 percent. Many analysts now say this volatility isn't a one-off, but could instead mark a month of swings and roundabouts.

Samsung Chairman named as suspect in 7.5 million dollar tax evasion case

New Delhi, Feb 9 (ANI): Chairman of one of the leading electronic appliances globally, Samsung, Lee Kun-hee has been named as a suspect in a 7.5 US million dollar tax evasion case by the South Korean police. The police accused Chairman Lee Kun-hee of misappropriating company's funds to renovate the family home from one of his employee's accounts. Lee Kun-hee is undergoing treatment in hospital due to his physical condition. He is hospitalized since 2014 after suffering a heart attack. His name in tax evasion comes barely a week after his son Jay Y. Lee was released after serving 5-year term after being convicted of bribing South Korea's former president.

3rd generation of Maruti Suzuki Swift makes its debut at Auto Expo 2018

Greater Noida, Feb 08 (ANI): Maruti Suzuki India, Managing Director and CEO Kenichi Ayukawa on Thursday rolled out its third generation of the 'All New Swift' with a dynamic robot design at Auto Expo 2018 in Greater Noida. Ayukawa asserted that the new automobile design had a sporty stance, a bold attitude and it captured the imagination for a superior life by the younger generation in a perfect manner. American motorcycle manufacturer, Cleveland CycleWerks (CCW) also made their foray into the Indian market as they launched 'Ace' and 'Misfit' generation of their bikes, best suited to the daily riders of the country. The Cafe racer motobike series aim to tap into the potential premium motorcycle market in India.

Inflation projected at 5.1-5.6% in the next fiscal: RBI Governor

New Delhi, Feb 07 (ANI): The Reserve Bank of India (RBI) on Wednesday revealed that the estimated inflation for first half of the next fiscal would stand at 5.1 to 5.6 percent. RBI Governor Urjit Patel said that it may ease to 4.6 percent, likely in the second half. Patel reiterated the Monetary Policy Committee's (MPC) commitment to keep headline inflation close to 4 percent on a durable basis. "The headline inflation for Q4 of this fiscal is estimated to be 5.1 percent, owing to upside risks involved in firming up of global crude oil prices, hardening of raw material prices and stronger pricing among firms. This is expected to move up 5.6 in the first half of the next fiscal. However, unwinding of the 7th central pay commission, normal monsoon, and adequate food supply management, inflation may ease to 4.6 percent, with risks tilted to upside," Patel said. The RBI Governor was addressing the media at a press conference in the national capital.

Wall Street bounces back, global markets stabilise

New Delhi, Feb 07 (ANI): After initially sliding, the Dow Jones industrial average closed up 567.02 points or 2.33 percent on Tuesday to 24,912.77, in its biggest jump. The S and P 500 gained 46.2 points to 2,695.14, recovering from the biggest one-day decline in the index in more than six years on February 5. The Nasdaq Composite too added 148.36 points, closing at 7,115.88. However, the Wall Street stock indexes repeatedly swung from positive to negative during Tuesday's trade. The Asian markets too came back from the brink, following a hefty bounce in the Wall Street.

Stocks, rupee weaken, bonds gain in line with global markets

Mumbai, Feb 06 (ANI): Indian shares slid more than 3 percent and the rupee weakened on Tuesday as a global market rout whacked sentiment, adding to existing investor concerns ahead of a central bank meeting this week and a new capital gains tax later in the year. The broader NSE Nifty and the benchmark BSE Sensex each fell as much as 3.7 percent, heading for a sixth consecutive session of falls, with both erasing their gains for the year. Meanwhile, the rupee retreated to 64.35/64.36 at 0455 GMT from its 64.07 close. But bonds gained as investors sought safe havens.

'We put standard deduction of Rs 40,000 to all salaried employees': CBDT Chairman

New Delhi, Feb 06 (ANI): Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra acknowledged salaried employees for being best tax payers. He also said that these salaried employees deserve better treatment. Chandra said, "Salaried employees are best tax payers and deserve better treatment. In personal tax category, 1.89 crore salaried employees gave Rs 1,48,000 crore and 1.88 crore business persons gave Rs 44,000 crore. So, we put standard deduction of Rs 40,000 to all salaried persons."

'Those earning Bitcoins would have to pay taxes,': CBDT

New Delhi, Feb 06 (ANI): Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra on Tuesday said that those who have earned Bitcoins will have to pay tax. He added that the source of income of the owners of Bitcoin will also be asked and if they don't pay tax, action will be taken against them. This virtual currency emerged in the aftermath of the financial crisis and allows people to bypass banks and traditional payment processes to pay for goods and services.