Business

General insurers expect bumper harvest from new crop insurance

Thu, 08/11/2016 - 12:48

Chennai, Aug 11 (IANS) Indian non-life insurers are hoping to reap a bumper harvest estimated around Rs 13,000 crore per annum from the Pradhan Mantri Fasal Bima Yojana (PMFBY), the new crop insurance scheme, and the topline of some of the insurers are expected to grow by several hundreds of crore, say industry officials.

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New 'geological surprise' hinders Rohtang tunnel excavation

Thu, 08/11/2016 - 12:22

Manali, Aug 11 (IANS) The excavation of a tunnel under the Rohtang Pass in Himachal Pradesh, one of the country's strategically most important infrastructure projects, has hit another geological surprise that has slowed the project, an official said.

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Chinese shares open lower

Thu, 08/11/2016 - 08:18

Beijing, Aug 11 (IANS) Chinese stocks opened lower on Thursday, with the benchmark Shanghai Composite Index down 0.17 per cent to open at 3,013.68 points.

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United Bank gets new chief

Wed, 08/10/2016 - 22:34

Kolkata, Aug 10 (IANS) Pawan Kumar Bajaj has taken over as Managing Director and Chief Executive Officer of the state-run United Bank of India, the bank said in a release on Wednesday.

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Shah panel to submit report on RIL-ONGC gas dispute on Aug 31

Wed, 08/10/2016 - 22:24

New Delhi, Aug 10 (IANS) Petroleum and Natural Gas Minister Dharmendra Pradhan on Wednesday said the Centre has extended the term of the A.P. Shah Committee, which is looking into the dispute between Reliance Industries Limited (RIL) and state-owned ONGC over natural gas migration, to end of this month.

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MPs to get unique ID to book multiple railway tickets: Prabhu

Wed, 08/10/2016 - 22:14

New Delhi, Aug 10 (IANS) All sitting MPs and former MPs will soon be given a "unique identity" to help them book train tickets and end any misuse in multiple bookings, Railway Minister Suresh Prabhu said on Wednesday.

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Land transfer to HUDA gets Centre's nod

Wed, 08/10/2016 - 22:14

New Delhi, Aug 10 (IANS) The Union Cabinet on Wednesday approved the transfer of land belonging to the Indian Institute of Soil and Water Conservation (IISWC) Research Centre at Chandigarh to Haryana Urban Development Authority (HUDA).

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US firm unveils luxury motorbike in Bengaluru

Wed, 08/10/2016 - 22:10

Bengaluru, Aug 10 (IANS) US-based off-road and all-terrain vehicles maker Polaris Industries Inc's arm Indian Motorcycle on Wednesday unveiled the latest version of its Indian Scout Sixty luxury motorcycle here for riders of special bikes that vroom at top speed in style.

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Cabinet's ex post facto nod for Factories Bill amendments

Wed, 08/10/2016 - 22:06

New Delhi, Aug 10 (IANS) On a day the Lok Sabha passed The Factories (Amendment) Bill, 2016, that seeks to enhance the working overtime hours up to 100 per quarter, the Union Cabinet too gave ex post facto approval to the amendments.

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SpiceJet to use domestic MROs for its aircraft

Wed, 08/10/2016 - 21:42

New Delhi, Aug 10 (IANS) SpiceJet on Wednesday said that it will only use domestic MRO (maintenance, repair and overhaul) facilities for it fleet in the very near future.

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