Work starts on Indian Railway’s longest tunnel in Manipur

Connectivity is the prime driver of development

Imphal: Railway Minister Suresh Prabhu on Saturday announced the commencement of works of the longest tunnel in the Indian Railway – on the Jiribam-Tupul-Imphal new broad gauge railway line in Manipur. Connectivity is the prime driver of development The 111-km-long line comprises 37 tunnels and the tunnel no 12 will be the longest in the Indian More...

by Agencies | Published 15 hours ago
The merger will create a giant entity with an asset base of Rs 37 lakh crore
By IANS On Saturday, July 30th, 2016
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No losses of job, salary in SBI merger: Arundhati Bhattacharya

New Delhi: SBI Chairperson Arundhati Bhattacharya has said that there is no reason for the bank employees to be apprehensive of the upcoming mergers as there will be no losses of jobs or salaries in the process. The More...

They can also avail a touchless beacon based check-in to receive their boarding pass on the smartphone
By Agencies On Friday, July 29th, 2016
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SpiceJet launches smart mobile check-in at Hyderabad airport

Hyderabad: SpiceJet on Friday launched smart mobile check-in facility at the Hyderabad airport. They can also avail a touchless beacon based check-in to receive their boarding pass on the smartphone The budget carrier More...

This Independence Day, Jet Airways wishes to give wings to the aspirations of the increasingly globalised Indian
By Indileak Web Desk On Thursday, July 28th, 2016
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Jet Airways launches Independence Day special sale offer

Mumbai: Airline major Jet Airways on Thursday announced a three-day “#GrabYourFreedom” campaign, which will allow guests to avail discounted fares to the tune of up to 30 per cent, to celebrate the country’s More...

Shipments of tablet PCs stood at about six million units
By Agencies On Thursday, July 28th, 2016
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Samsung beat Apple in smartphone shipments amid positive results

Seoul: Riding on the strong sales of its Galaxy S7 and Galaxy S7 Edge smartphones, Samsung Electronics on Thursday declared 8.14 trillion won ($7billion) year on-year operating profit – 18 per cent – More...

No subsidy is provided on the export of cow meat
By Agencies On Wednesday, July 27th, 2016
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No subsidy as cow meat export prohibited: Sitharaman

New Delhi: No subsidy is provided by the government on the export of beef or cow meat since its export is not permitted, Union Commerce and Industry Minister Nirmala Sitharaman told the Rajya Sabha on Wednesday. No More...

The coal ministry put up firewalls against the probability of price-rigging or cartelisation from the third round
By Agencies On Tuesday, July 26th, 2016
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Multiple bidding likely curbed competition in coal auctions

New Delhi: Multiple bids by corporate groups through joint ventures (JV) or group subsidiaries may have restricted competition in case of auctions last year of 11 coal blocks, among the allotments cancelled earlier More...

The main buyers of Indian coffee are Italy, Russian Federation, Germany, Belgium and Turkey
By Agencies On Monday, July 25th, 2016
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Coffee production to dip due to deficient rains: Sitharaman

New Delhi: Union Commerce Minister Nirmala Sitharaman on Monday said due to “lack of timely rain”, there will be a drop in the production of coffee even as she maintained that consumption of Indian varieties More...

The Reserve Bank of India has imposed a penalty of Rs 50 million on the Bank of Baroda
By Agencies On Monday, July 25th, 2016
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RBI imposes Rs 5 cr penalty on Bank of Baroda

Mumbai: The Reserve Bank of India (RBI) has imposed a penalty of Rs 5 crore ($754,000) on the Bank of Baroda (BoB) for irregularities in anti-money laundering (AML) provisions that came to light in October 2015, More...

The IMF also said further steps to relax long-standing supply bottlenecks
By Agencies On Sunday, July 24th, 2016
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Indian corporate balance sheets weak, reforms slowing: IMF

Beijing: The International Monetary Fund (IMF) has warned that headwinds from weaknesses in Indian corporate and bank balance sheets, slowing pace of reforms and sluggish exports may weigh on the country’s More...