Business

China is no protectionist: US experts

Sat, 06/24/2017 - 03:30

Washington, June 24 (IANS) The experts at a leading US think tank said China's trade protection is not significantly above that in large high-income economies like the United States.

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Infosys pays $1 million for 'visa abuse' in US

Fri, 06/23/2017 - 23:58

Bengaluru, June 23 (IANS) Global software major Infosys Ltd paid $1 million (Rs 65 lakh) to settle a litigation on the alleged abuse of visa rules, said New York State Attorney General Eric T. Schneiderman on Friday.

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Italy on red heat alert in 10 cities

Fri, 06/23/2017 - 23:30

Rome, June 23 (IANS/AKI) Italy's Health Ministry put ten cities at its highest or red heat risk level for the weekend, when temperatures are forecast to hit 40 degrees Celsius in many parts of the country.

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Noida company's property, assets attached for money laundering

Fri, 06/23/2017 - 22:44

New Delhi, June 23 (IANS) The Enforcement Directorate (ED) on Friday attached various movable and immovable assets and properties worth Rs 55 crore of Noida-based Ablaze Info Solutions under the Prevention of Money Laundering Act (PMLA).

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Man held for cheating 2,000 by selling fake tour packages

Fri, 06/23/2017 - 22:20

New Delhi, June 23 (IANS) A 40-year-old director of a hotel has been arrested from Indore for cheating around 2,000 people from all over India to the tune of over Rs 20 crore on the pretext of providing luxurious holiday and tour packages in five-star hotels, police said on Friday.

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'No proof of wrongdoing by Infosys in Panaya deal'

Fri, 06/23/2017 - 21:54

Bengaluru, June 23 (IANS) An international law firm and a risk consultancy found no evidence of wrongdoing by Infosys in acquiring the US-based Panaya firm for $200 million in February 2015, the global software major said on Friday.

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AERB's nod for Kudankulam's units 3&4

Fri, 06/23/2017 - 20:22

Chennai, June 23 (IANS) India's Atomic Energy Regulatory Board (AERB) on Friday said it has given its nod to the country's nuclear plant operator, Nuclear Power Corporation of India Ltd (NPCIL) for the first pour of concrete for the third and fourth units at Tamil Nadu's Kudankulam.

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Indian passports to be bilingual: Sushma

Fri, 06/23/2017 - 20:02

New Delhi, June 23 (IANS) Indian passports will henceforth be in both English and Hindi and 10 per cent discount will be given in passport fees to applicants below the age of eight and above 60, the government announced on Friday.

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No restriction on exchange of Qatari riyals in India: RBI

Fri, 06/23/2017 - 19:52

Mumbai, June 23 (IANS) Acting on reports that some authorised entities were not accepting Qatari riyals, the Reserve Bank of India (RBI) on Friday clarified that it has not restricted the exchange of the currency.

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Kolkata Metro completes tunnelling under Hooghly

Fri, 06/23/2017 - 19:40

Kolkata, June 23 (IANS) Kolkata Metro Rail Corporation (KMRC), which is expecting to commission the first phase of the East-West Metro Project in the city in 2018, has completed tunnelling work under the Hooghly river in 66 days, an official said on Friday.

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