Business

Barter system in cross-LoC Kashmir trade to go

Wed, 04/27/2016 - 19:40

Jammu, April 27 (IANS) The Jammu and Kashmir government on Wednesday said it would soon do away with the barter system in the cross-border business with Pakistan and the trade would be conducted through proper transactions after an approval from the Reserve Bank of India.

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NHPC divestment: Institutional part oversubscribed

Wed, 04/27/2016 - 19:38

New Delhi, April 27 (IANS) The government's first disinvestment of the 2016-17 fiscal got underway on Wednesday with its 11.36 percent stake sale in hydroelectricity generator NHPC as the portion reserved for institutional investors was oversubscribed within three hours of the opening of trade.

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Government cuts skill development budget, MPs raise eyebrows

Wed, 04/27/2016 - 19:24

New Delhi, April 27 (IANS) While the Narendra Modi government has emphasised on skill development programmes under the 'Skill India' mission, it has drastically cut the budget allocation, compared to the demand from the ministry responsible for overseeing them.

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NIDA Rooms receives $4.2 mn equity investment

Wed, 04/27/2016 - 19:08

New Delhi, April 27 (IANS) NIDA Rooms hotel reservation system, the largest "virtual hotel operator" in Southeast Asia, on Wednesday said it has secured an equity investment of $4.2 million, led by two leading Asian venture capital firms.

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India among leading markets for digital marketing globally: Adobe

Wed, 04/27/2016 - 18:36

Mumbai, April 27 (IANS) India is one of the leading countries for Adobe's revenue generation in digital marketing globally, a senior executive of Adobe Systems India Pvt Ltd said here on Wednesday, adding that the Asia Pacific region is the fastest growing market for the company and stands among the top 10 markets in the world.

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Nandan Nilekani invests in train travel app

Wed, 04/27/2016 - 18:12

New Delhi, April 27 (IANS) Train travel solutions app RailYatri.in on Wednesday said Infosys co-founder Nandan Nilekani has invested an undisclosed amount in it.

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Foundation stone laid for plastic engineering institute

Wed, 04/27/2016 - 18:08

Baddi (Himachal Pradesh), April 27 (IANS) Union Minister for Chemicals and Fertilisers Ananth Kumar on Wednesday laid the foundation stone of the Central Institute of Plastic Engineering and Technology (CIPET) Centre to be set up in this industrial town.

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India's rating at risk from government debt levels: Moody's

Wed, 04/27/2016 - 18:02

Hong Kong, April 27 (IANS) American credit rating agency Moody's on Wednesday retained India's outlook at 'positive' saying the country's history of double-digit inflation, high government debt levels, weak infrastructure and a complex regulatory regime have constrained its credit profile, while China featured high on the scale of leverage, or debt, risk for sovereigns in the region.

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Congress, AAP want to turn Punjab into desert: Badal

Wed, 04/27/2016 - 18:02

Chandigarh, April 27 (IANS) Urging people not to spare water from Punjab's rivers to other states, Chief Minister Parkash Singh Badal on Wednesday said the Congress and AAP wanted to turn the state into a desert.

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