Business

GST, poor planning, high costs dampen Goa’s New Year party

Sunday, 30 December 2018 10:12
Heavy taxation post GST, infrastructure shortcomings, expensive tariffs and poor planning have resulted in a drop in tourist arrivals in Goa, according to Savio Messias, president of the state’s top body travel and tourism industry stakeholders. Messias, whose organisation, the…

Railways to conduct Heavy-haul train trial in freight corridor on Sunday

Saturday, 29 December 2018 16:12
Expediting the much-delayed Dedicated Freight Corridor (DFC) project, the railways will conduct a trial run of a goods train on the newly-completed 306 km section between Madar (Ajmer) in Rajasthan and Kishangarh (Rewari) in Haryana in the western segment on…

NPAs hit banks’ profitability in 2018; addressing NBFC concerns: RBI

Saturday, 29 December 2018 09:32
Non-performing assets (NPAs or bad loans) weighed down the balance sheets of banks necessitating large provisioning, which adversely affected their profitability, especially of state-run banks during 2018, the Reserve Bank of India (RBI) said on Friday. In its “Trends and…

Amazon announces record sales for holiday season in 2018

Thursday, 27 December 2018 09:43
US-based online retail giant Amazon on Wednesday announced a record-breaking holiday season as tens of millions of people have signed up for its Prime membership either by making paid service or on a trial basis. “Prime membership continued to grow…

P.V. Bharathi appointed MD&CEO Corporation Bank

Tuesday, 25 December 2018 09:34
The government has appointed P.V. Bharathi as Managing Director and Chief Executive of the Corporation Bank. According to the Department of Personnel and Training, the Appointments Committee of the Cabinet (ACC) approved the appointment following a proposal from the Department…

GoAir enhances services to Phuket with daily operations

Tuesday, 25 December 2018 09:33
Budget passenger carrier GoAir on Monday said that it has enhanced its operations to Phuket with the launch of daily directly flights from Mumbai, New Delhi and Bengaluru. According to the airline, it expanded the services effective December 22. “At…

Musk’s SpaceX successfully deploys US GPS satellite into orbit

Monday, 24 December 2018 16:48
Billionaire Elon Musk-owned SpaceX has successfully launched and deployed a powerful next-generation GPS navigation satellite into orbit — making it the company’s first-ever US government-sanctioned national security space mission. A SpaceX Falcon 9 rocket climbed into orbit on Sunday with…

GST may have single standard rate between 12-18%: Jaitley

Monday, 24 December 2018 16:40
Finance Minister Arun Jaitley on Monday hinted that the country may eventually have a single standard rate of GST adding that the 28 per cent slab will soon be phased out, except on luxury and “sin goods”. He noted that…

Petrol price down by 20 paise across metros

Sunday, 23 December 2018 14:54
Domestic fuel prices declined for the second consecutive day with petrol prices falling around 20 paise in the four metropolitan cities. In the national capital, petrol was sold at Rs 70.07, down from Rs 70.27 per litre on Saturday, according…

Oman-based budget airline Salam Air eyes Kerala operations

Sunday, 23 December 2018 09:38
Sultanate of Oman-headquartered budget airline Salam Air is getting ready to operate to Kerala, according to an official of the airline. Budget airline’s CEO Mohammed Ahamed has said that they have started necessary work in this direction and are waiting…