India News
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The Securities and Exchange Board of India (Sebi) will look at introducing institutional players in the commodity markets in a gradual manner. "All institutions cannot come in at the same time," said Ajay Tyagi, chairman, Sebi at the international convention organised by Commodities market brokers.
This is the first public event addressed by the regulator since taking over on March 1. While institutions such as banks, alternative investment funds, which bring a more research approach to the market, will help the development of the market, "It has to be done gradually," he added.
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The US will start accepting applications for H-1B work visas for the fiscal year 2018 from April 3 amid the uncertainties surrounding the visa programme, the most sought after by Indian IT firms and professionals.
Unlike previous years, the official announcement by US Citizenship and Immigration Services (USCIS) did not say till when it would continue accepting the H-1B petitions.
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In just 24 hours since its release, the highly anticipated trailer of Baahubali 2: The Conclusion has clocked a whopping 50 million views across four languages and has become the most viewed Indian film trailer.
Filmmaker Karan Johar, who is releasing the Hindi version of the film, tweeted on Friday: "Truly the biggest trailer ever. 50 million views. Baahubali 2 trailer."
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Bharat Petroleum Corp. Ltd (BPCL), India’s second largest oil marketing company, is planning to enter the travel business with its personal travel offering, Happy Roads, which would help travellers plan and execute road trips, two senior company officials said.
BPCL is looking to launch the app in about two months, the executives said, requesting anonymity. Through the app, the state-run company hopes to draw more millennials, seen as being attuned to travelling by road, into its customer base.
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Finance Minister Arun Jaitley on Friday said there is no proposal to withdraw the Rs. 2,000 notes that were introduced post-demonetisation. The Rs. 2,000 banknotes were introduced along with new Rs. 500 currency following the withdrawal of old Rs. 500 and Rs. 1,000 notes from November 9, 2016.
“There is no proposal to withdraw the Rs. 2,000 denomination banknote,” the Minister said in a written reply in the Lok Sabha. Mr. Jaitley further said the Rs. 500 and Rs. 1,000 notes returned to currency chests of the RBI amounted to Rs. 12.44 lakh crore (as on December 10, 2016).
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To counter threat from Reliance Jio, state-run telecom firm BSNL today launched a new plan that offers 2 GB of 3G data per day and unlimited calling within its network for Rs. 339.
“The benefits customer will get under the Combo STV (special tariff voucher) of Rs. 339 are unlimited calls in BSNL network and unlimited data with fair use policy of 2 GB per day with validity of 28 days,” BSNL said in a statement.
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Russia is open to localising component production of its modern Sukhoi super jet even as it is talking to Mahindra and Mahindra for partnership for the MC 21 civil aviation aircraft, Russian Trade and Industry Minister Denis Manturov said here.
“We have a very good example of a modern aircraft, the Sukhoi super jet project. We are open to both exporting it to the Indian market as well as localising some of the components production.
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State-run power giant NTPC has recorded highest ever annual cumulative gross power generation of 263.95 BU (billion unit) so far this fiscal surpassing the 262.42 BU achieved in the entire 2015-16. The power producer has registered an annual growth of 4.71 per cent over last year, an official said. NTPC pit head coal stations, having capacity of 25,840 MW, recorded day plant load factor (PFL) or capacity utilisation of 95.71 per cent on March 16, 2017 and cumulative monthly PLF of 91.4 per cent till date. As many as 29 units of NTPC coal plants have generated a PLF of more than 100 per cent on March 16, 2017.
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Our analysis suggests that the Gujarat plant of Suzuki will be margin accretive to MSIL from FY2019 due to VAT incentives received by Suzuki for the plant for sales in Gujarat and richer product mix as the company prioritises Baleno production at this plant. We maintain our Add rating and target price of R6,400 on the stock as we believe upside is limited from current levels due to expensive valuations.
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YES Bank has come up with an initiative, Yes Aspire to Innovate, a scholarship programme which recognises and rewards 30 exceptional scholars for their entrepreneurial vision, leadership qualities and holistic academic performance. The Express Group is the media partner for the programme.
The programme offers a scholarship of Rs 2 lakh, a pre-placement interview opportunity and a year-long mentorship by the YES Bank senior leadership to each of the 30 scholars chosen from 15 select B-schools across the country.
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