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Tribune India 10/19/2020 21:56
Beijing, October 19. China's economy, which suffered 6.8% slump in Q1 due to the coronavirus pandemic — the worst in 44 years, bounced back posting 4.9% growth between July and September (Q3) buoyed by the government's sweeping efforts to stimulate demand and consumption. The world's second-largest economy, the first to have been hit by the Covid early this year and the earliest to have recovered, grew faster than the 3.2% growth posted in Q2, data released by the National Bureau of Statistics (NBS) said on Monday. In the first three quarters, China's GDP expanded 0.7% year-on-year, returning to growth after the 1.6% contraction in the first half of the year and the 6.8% slump in Q1, the data showed.
Tribune India 10/19/2020 21:56
BN De Bhowmick, executive director (TD), Powergrid, has been awarded the prestigious IEC 1906 Award by the International Electrotechnical Commission. It recognises the major inputs made in furthering standardisation in the field of electrotechnology. SCOPE conducts 46th AGM. The 46th AGM of Standing Conference of Public Enterprises (SCOPE) was recently held and chaired by Rakesh Kumar, chairman, SCOPE. The AGM highlighted its renewed efforts to reposition as an innovative, impactful and inspiring body by exploring new opportunities. NFL distributes cotton-plucking machines to farmers in Haryana. National Fertilizers Limited has distributed 95 cotton-plucking machines to farmers under its CSR initiative in Haryana. The machines were distribute.
Tribune India 10/19/2020 21:56
Tribune News Service. New Delhi, October 19. Finance Minister Nirmala Sitharaman on Monday exhorted large central public sector enterprises (CPSEs) to achieve by December (Q3) 75% of their planned capital expenditure (capex) target for 2020-21, to support economic growth hit by the Covid crisis. She held a video conference with Secretaries of the Ministries of Petroleum amp; Natural Gas and Coal, along with CMDs of 14 CPSEs belonging to these ministries, to review the capex in the current fiscal. 32% of target achieved in H1. In 2019-20, against the capex target of Rs1,11,672 crore for these 14 CPSEs, the achievement was Rs1,16,323 crore, 4% above the target. The achievement in the first half (H1) of the current fiscal stood at Rs37,423 crore (
Tribune India 10/19/2020 03:01
Singapore, October 19. British billionaire James Dyson, the inventor of the bagless vacuum cleaner, and his wife are selling their three-storey Singapore penthouse about a year after buying it for a reported S$74 million ($54 million). Perched atop Singapore's tallest building, the Tanjong Pagar Centre, the five-bedroom "super penthouse" is equipped with a 600-bottle wine cellar. "An offer has been accepted on the Wallich penthouse," said a spokesman for Dyson's firm.
Tribune India 10/18/2020 02:23
New Delhi, October 18. Reliance Jio gained 2.5 million active subscribers in July, reversing the decline seen in the previous month while rivals Airtel and Vodafone Idea lost 0.4 million and 3.8 million active users, respectively, latest reports based on TRAI data said. Although industry's overall wireless subscribers rose nearly 3.5 million in July — the first month of such gains since February — the total `active subscribers' count in July actually fell 2.1 million, as per TRAI data. "Industry's active subscriber base...
Tribune India 10/17/2020 11:50
Mumbai, October 17. Jet Airways' committee of creditors (CoC) on Saturday approved the resolution plan submitted by the consortium of UK's Kalrock Capital and UAE-based entrepreneur Murari Lal Jalan under the insolvency resolution process. The plan was approved after the conclusion of the e-voting on the proposal, Jet Airways RP (resolution professional) Ashish Chhawchharia said in a BSE filing. "The resolution submitted by Murali Lal Jalan and Florian Fritsch has been duly approved by the CoC under Section 30(4) of the Code as the successful resolution plan," said the filing. The grounded airline had received bids from two consortiums, one comprising UK-based Kalrock Capital founded by Florian Fritsch and UAE-based entrepreneur Murari Lal J.
Tribune India 10/17/2020 08:46
Tribune News Service. New Delhi, October 17. The Centre and opposition-ruled states have crossed one hurdle over sharing of GST revenues after the Centre agreed to borrow Rs 1.1 lakh crore from the market and on-lend it to the states. This has addressed the primary concern of at least seven states about paying high interest costs if they were to individually approach the market. The indication came after the Kerala government cancelled a meeting to strategise on the GST compensation cess issue. Other states too withheld comment and were examining the fine print. Kerala Finance Minister Thomas Isaac's comments, however, showed the differences have moved to other issues. "Having amicably settled questions of who should borrow, we hope she will
Tribune India 10/17/2020 07:38
Hyderabad, October 17. Dr Reddy's Laboratories Ltd. and Russian Direct Investment Fund, Russia's sovereign wealth fund, on Saturday announced that they have received approval from the Drug Control General of India to conduct an adaptive Phases 2/3 human clinical trial for Sputnik V vaccine in India. The city-based drug maker said in a press release that this will be a multi-centre and randomised controlled study, which will include safety and immunogenicity study. Earlier in September 2020, Dr.Reddys and RDIF entered into a partnership to conduct clinical trials of Sputnik V vaccine and its distribution in India. As part of the partnership, RDIF shall supply 100 million doses of the vaccine to Dr. Reddy's upon regulatory approval in India. D.
Tribune India 10/17/2020 05:35
Deepkamal Kaur. Tribune News Service. Jalandhar, October 16. As the festive season draws near, there is a growing clamour in the local markets, appealing to the residents not to make online purchases and instead walk down to the nearby shops for buying lights, appliances, gifts, clothing and other stuff. Even the shopkeepers of Asia's one of the biggest wholesale markets of electrical goods, which is based at Phagwara in Jalandhar, have appealed to the residents not to go in for purchase of any electrical or electronic stuff from online portals such as Amazon and Flipkart and instead help them to boost their business. President of Jalandhar Electrical Traders Welfare Association Amit Sehgal has said, "Our sales are down and we are in dire need.
Tribune India 10/17/2020 03:58
Neha Saini. Tribune News Service. Amritsar, October16. Satyam Wahi, a student of Springdales Senior School, excelled in the NEET Mains exams, the results of which were declared on Friday. Satyam secured an AIR of 243 with a score of 690 out of 720. An aspiring neuro surgeon, Satyam shared that he spent five straight hours in front of computer, checking and refreshing his results as the NTA official website crashed due to technical snag after posting the results. "It was quite draining as I was excited about my rank. My result was on expected lines but I could have got a better All India Rank as this year the exam was relatively easier given special circumstances," he shared. He is also excited to become the first doctor in his family. "My elde.
Tribune India 10/16/2020 22:12
New Delhi, October 16. Passenger vehicle wholesales in India increased by 17% in the September quarter of the current fiscal as buying sentiment improved and companies stocked up to cater to enhanced demand in the festive season, auto industry body SIAM said on Friday. On recovery path. Passenger vehicles sales in the July-September quarter increased to 7,26,232 units from 6,20,620 units in the same period last year. Similarly, two-wheeler sales during the September quarter this fiscal rose marginally to 46,90,565 units as compared to 46,82,571 units in the same period last fiscal. However, commercial vehicles sales saw a dip of 20.13% at 1,33,524 units in the quarter under review as compared to 1,67,173 units in July-September 2019. According t.
Tribune India 10/16/2020 22:12
New Delhi, October 16. The Competition Commission of India (CCI) is investigating JK Tyre amp; Industries Ltd after a state government accused the company of bid rigging, and the probe has been expanded to other firms, according to sources and legal filings. Rigging bid: Next hearing on October 28. Haryana has alleged JK Tyre was the sole bidder in the tender in 2018 and its prices were around 34% higher than previous purchase rates. A finding of bid-rigging could lead to a potential fine of up to three times the profit in each year prices were fixed by the companies, or 10% of annual revenue, whichever is higher. JK Tyre, which has a market value of $190 million, says it accounts for 30-36% of the market for different types of tyre variants th.
Tribune India 10/16/2020 22:12
Vijay C Roy. Tribune News Service. Chandigarh, October 16. All northern states, except Jamp;K, will compete with each other besides southern and western states for a bulk drug park to reduce the country's dependence on China. The last date to apply for the same was October 15. ". Dr Dinesh Dua, Chairman, Pharmexcil. Lift investment cap. We have appealed to the government to do away with minimum investment cap on availing production-linked incentive scheme for greenfield projects for bulk drugs and extend it to brownfield plants as well. ". The Centre has framed an area scoring criteria for the selection of states for setting up the bulk drug parks. The government proposes to develop three bulk drug parks through grant-in-aid to states with a cap of.
Tribune India 10/16/2020 22:12
New Delhi: The Finance Ministry on Friday kicked off the exercise to prepare the annual Budget for 2021-22 amid the urgency to push economic growth hit by the Covid pandemic. The upcoming Budget will be crucial for the country as it will have to deal with impact of pandemic which has affected all segments of the economy, including revenue collection, disinvestment, expenditure, exports and food prices. Budget 2021-22 is likely to be presented on February 1. — PTI.
Tribune India 10/16/2020 22:12
New Delhi, October 16. UK-based Liberty Steel Group on Friday said it has made a non-binding indicative offer to Thyssenkrupp to acquire the German steel major's assets in Europe. Liberty Steel Group is part of diversified GFG Alliance, owned by Indian-origin metals tycoon Sanjeev Gupta, which also has a presence in India. 'Non-binding offer'. Owned by Indian-origin metals tycoon Sanjeev Gupta, Liberty Steel Group said "it has made a non-binding indicative offer" as part of a Thyssenkrupp-led process to acquire its steel activities. In a statement, Liberty Steel Group said "it has made a non-binding indicative offer (NBIO)" as part of a Thyssenkrupp-led process to acquire its steel activities. A possible combination of Liberty Steel and Thysse.
Tribune India 10/16/2020 12:46
New Delhi, October 16. A day after the Centre agreed to borrow Rs 1.10 lakh crore on behalf of states for meeting GST shortfall, Finance Minister Nirmala Sitharaman on Friday reached out to all states explaining the contours of the special window. The Finance Minister's letter to states comes four days after the GST Council meeting failed to reach a consensus on the stalemate over the Centre's proposal of states borrowing against future GST collections to make up for the shortfall. "We have now worked out some key aspects of special window.
Tribune India 10/16/2020 12:08
Tribune News Service. New Delhi, October 16. The Congress on Friday welcomed the Centre's move to borrow money and pass it on to the states to compensate for GST losses. Former finance minister and Congress veteran P Chidambaram said the Finance Minister had written to the states that the central government will borrow Rs 1,10,208 crore and give back-to-back loans to state governments. FM has written to the states that the central government will borrow Rs 1,10,208 crore and give back-to-back loans to state governments.
Tribune India 10/16/2020 08:13
Mumbai, October 16. As people have settled down to remote work that became a norm following the nationwide lockdown, a global survey found that 52 per cent employees and 64 per cent C-suite executives interviewed in India prefer to continue with the new ways of doing business or work. Almost overnight, the business world shifted to remote work, unleashing a more agile workforce and a period of experimentation and innovation at work.

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