Local Truck Owners Association felicitates DCP Traffic Patil
Nagpur: A delegation of Local Truck Owners Association, led by President Raju Vyas, on Fridayfelicitated the newly appointed Deputy Commissioner of Police (Traffic) Smarta Patil. The DCP was offered bouquet, shawl and shriphal. The delegation and DCP...
No immediate cause for worry, says Rajan as Rupee hits 4-month low
Mumbai: Reserve Bank Governor Raghuram Rajan on Friday said that the central bank is continuously maintaining a close vigil on the market developments, both domestically and internationally, and will take all necessary steps, including liquidity support (both dollar and rupee),...
India well-prepared to deal with short, medium-term consequences: Jaitley
File Pic Finance Minister Arun Jaitley's first statement since Brexit as the Sensex plunged and the Rupee slides. "We are well prepared to deal with short and medium-term consequences of Brexit:," the finance minister said. Earlier, MoS finance...
Sensex plunges over 900 pts, Rupee nosedives
Mumbai: Markets have opened sharply lower, amid weak Asian cues, after early counting on the EU referendum indicate that 'leave' votes are slightly more than 'remain'. Sharp decline in the rupee further accentuated the fall. At 10:41 am, the S&P BSE...
WCL workers’ unions call for strike on July 18
Nagpur: Smarting under simmering discontent over non-fulfillment of their demands by Western Coalfields Limited (WCL) the workers’ unions INTUC, AITUC, HMS and CITU have declared to strike work in mines situated in Maharashtra and Madhya Pradesh on July 18. In a...
WCL goes on Mission Mode for Corporate Branding & Benchmarking
Nagpur: In a bid to implement development activities in its various spheres of operation for sustainance & inclusive growth, Western Coalfields Limited (WCL), a subsidiary of Coal India Limited has launched key Missions to have its standardized operations Branded &...
China Deputy Consul General Li Yuanling with business delegates visits MIHAN
Nagpur: Following the strategic move of Chinese leadership, China Deputy Consul General Li Yuanling in India had visited one of the centrally located cities in India, Nagpur for furthering economic and business ties on June 20, 2016. At the outset all...
Rajan’s exit: Sensex dips; Rupee tumbles
File Pic Mumbai/Nagpur: The surprise announcement of Reserve Bank Governor Raghuram Rajan to not seek a second term seemed to have rattled both the equity and forex markets today with the Sensex shedding 163 points in early trade while the...
No second term says, RBI Governor Raghuram Rajan
File Pic Mumbai/Nagpur: Reserve Bank of India (RBI) Governor Raghuram Rajan said on Saturday he will leave the central bank when his term ends on September 4 and plans to return to academia. Raghuram Rajan, a former chief economist at the...
NVCC felicitates newly posted Jt Commissioner (Food) Shashikant Kekre
Nagpur: A delegation of Nag Vidarbha Chamber of Commerce (NVCC), led by Mayur Panchamatiya, Past President, recently felicitated Shashikant Kekre, the newly posted Joint Commissioner (Food), Nagpur Division. The NVCC delegation apprised him about the problems being experienced by the...
City’s development not seen, worrying taxpayers: Sharma
Nagpur: President of Vidarbha Taxpayers Association (VTA) J. P. Sharma expressed upsetting situation through press release wherein he said that taxpayers of the city are seen worried as hardly any development seen in Nagpur City; irrespective of Union Minister Nitin...
No achche din for trade
Nagpur: India's exports during March 2016 were valued at $22718.69 million (Rs.152264.96 crore) which was 5.47 per cent lower in dollar terms (1.45 per cent higher in rupee terms) than the level of $24032.55 million (Rs 150082.80 crore) during March,...
Sensex tanks 325 pts after BoJ, Fed policy meets
Mumbai: The benchmark BSE Sensex plunged by over 324 points to 26,401.51 in late morning deals, tracking heavy selling in other Asian indices after Bank of Japan kept policy rates unchanged and refrained from offering more stimulus. Sustained selling was seen...
Sensex dives 200 points on weak Asian cues
Mumbai: The Sensex fell over 200 points, while the broader Nifty50 dipped below its key 8,150-mark. The headline indices slipped tracking negative trend seen in Asian markets after US Federal Reserve and Japan's central bank kept their respective monetary policies...
Airline stocks surge as Cabinet approves civil aviation policy
Mumbai: Airline stocks today climbed up to 5 per cent after the much-awaited national civil aviation policy that seeks to strengthen regional connectivity and tap the sector's high growth potential was cleared by the Union Cabinet. Shares of Spicejet soared...
Tomatoes, not onions, making consumers cry this season
File Pic Nagpur: House wives all over India are in a turmoil since the price of their beloved tomatoes have gone through the roof in the last few days. It has already touched the danger level of Rs. 100/ per...
WCL’s nasty designs to shut down running mines & open new ones get exposed
File Pic Nagpur: In what could be termed as ‘nasty designs,’ certain WCL officials are reportedly indulging in shutting down running coal mines and, in the name of coal production, opening newer mines. The shady affairs on the part of...
Unscrupulous traders infringe on brand name and goodwill earned over years
Nagpur: One of the reputed traders dealing with sale of Mobile Phones, Lap-tops, Notebooks and other multimedia products in the city named City Collection had recently lodged a complaint with the Economic Offenses Wing of Nagpur Crime Branch alleging that...
INDO-UK institute of health Visits MIHAN to SCOUT land for health centre
Nagpur: The Make in India Team officials along with Indo-UK institute of health (IUIH) visited MIHAN area to assess the location and advantages of MIHAN for setting up Indo-UK institute of health. The land requirement is of 150 acres to have...
Coal scam: Court orders framing of charges against Mukesh Gupta of Grace Industries Ltd
New Delhi/Nagpur: A special court has ordered framing of charges against former Coal Secretary, Grace Industries Ltd (GIL), its two directors and others in a coal scam case for alleged offences of cheating, forgery and criminal conspiracy. Special CBI Judge Bharat...
Rate cuts have actually hurt depositors more!
It’s been a double whammy for retail borrowers and investors, who continue to pay higher interest rates on loans while earning lower returns on their deposits. The Reserve Bank of India (RBI) has cut policy rates by 150 basis points...
