CBI court orders attachment of Vijay Mallya’s 13 properties, 2 bank accounts in US
A SPECIAL CBI court has ordered the attachment of two bank accounts and 13 properties connected with liquor baron Vijay Mallya in the United States. The order passed last week by Special Judge J C Jagdale states that the funds lying in an account maintained with Citi Bank, New York and First Commerce Bank and […]
Trump Tower launched in Kolkata, developers aim Rs700 crore in sales
The iconic Trump Tower comprising 140 ultra-luxury apartments has been launched in Kolkata and its Indian developers are expecting to garner around Rs700 crore in sales from this project. Realty firms Unimark Group, RDB Group and Tribeca Developers have already sold about 50% units since the project was soft-launched in mid-October. The starting price is […]
S&P: India’s outlook ‘stable’, growth to remain strong over next 2 years
NEW DELHI: Global agency Standard & Poor’s (S&P) on Friday maintained status quo on India’s sovereign ratings but said that stable outlook reflects that growth will remain strong over the next two years. It kept India’s outlook ‘stable’ in its latest ratings. Elaborating on the rating, S&P said India will maintain its sound external accounts […]
Southwestern National Bank Celebrates 20th Anniversary
HOUSTON: Southwestern National Bank celebrated its 20th year anniversary with a celebration on Nov, 9, 2017. The Board of Directors and President/CEO, Gary Owens, welcomed guests who attended the anniversary celebration. Special guests included State Representative Gene Wu; a representative from Congressman Al Green’s office; Dawn Lin, Director of Overseas Chinese Affairs from the Consulate […]
Google India hits billion dollar sales mark
The Indian unit of Google crossed the billion-dollar sales milestone in fiscal 2017, a year when the search engine’s local business grew at half the pace of the prior year. But its rival Facebook nearly doubled its revenues in the country indicating increasing preference by marketers to advertise on other social media platform beyond Google. Google India […]
India moves up one notch to 126 in GDP per capita rankings, shows IMF report
India has moved up one position to 126th in terms of GDP per capita of countries. However, it is still ranked lower than all its BRICS peers, while Qatar remains the world’s richest on this parameter, as per International Monetary Fund data. The data, which forms part of the latest World Economic Outlook report of the […]
HOEC to produce oil from Mumbai field by 2021, invest $43 million
Hindustan Oil Exploration Co. Ltd (HOEC) has submitted a $43 million development plan to bring to production the Mumbai offshore oil field it had won in the first discovered field auction in March. HOEC is the first company out of the 31 that signed contracts for the fields won in the auction in March, to […]
United resumes Delhi flights, but will monitor pollution levels
NEW DELHI: America’s mega carrier United has resumed flights to Delhi after temporarily suspending them due to the “public health emergency” here caused by severe pollution. The airline has a daily nonstop on the Newark (New Jersey)-Delhi route. These flights did not operate on Friday and Saturday, resulting in the return flights also not operating on […]
Gold prices dip to Rs30,450 per 10 grams on global cues, muted demand
Gold prices dipped by Rs80 to Rs30,450 per 10 grams at the bullion market today, tracking a weak trend overseas amid easing demand from local jewellers. Traders said apart from a weak trend overseas, fall in demand from local jewellers and retailers at existing levels led to the decline in gold prices. Click here to […]
GST Council slashes tax rates on 177 items from 28% to 18%
The Goods and Services Tax (GST)) Council on Friday slashed rates across the board, including for a range of daily items of consumption, relaxed penalties and tweaked rules to make it easier for businesses, especially small and medium enterprises, to comply. The feel-good package from the council, which comes into effect from 15 November, is […]
Grand Opening Celebrations for SNB’s Dallas Regional Office
DALLAS: On October 26, Southwestern National Bank held a Grand Opening celebration of the Dallas Regional Office located at 500 N. Central Expressway, Richardson, TX 75080. With over 200 attendees present, including special guest Mark Solomon, City of Richardson Mayor pro tem, the Board of Directors, Senior Management and staff extended their sincere appreciation for […]
Govt to give 60% stake in ONGC, OIL fields to private companies
Nearly 25 years after Oil and Natural Gas Corp. Ltd’s (ONGC’s) prime oilfields were privatized, the oil ministry has identified 11 more functional oil and gas fields of the state-run firm for handing over to private firms to raise output. The oil ministry is expected to approach the Union Cabinet to allow private companies take […]
Govt woos investors to tap India’s agriculture sector
NEW DELHI: Agriculture Minister Radha Mohan Singh on Saturday called upon investors to leverage opportunities in the country’s farm, dairy, poultry and fisheries sectors. The government is implementing various schemes to promote these sectors in order to double farmers’ income by 2022, he said at the World Food India 2017 event here. Click here to read more… Credit: timesofindia.indiatimes.com
Black money drive: Suspected shell companies deposited Rs 17,000 crore in banks after demonetisation
Around 2.24 lakh companies have been struck off till date for remaining inactive for two years or more, the Union Ministry of Corporate Affairs said on Sunday in a release. Some of these companies are suspected to be shell companies. The government struck off the companies on the basis of information provided by 56 banks […]
TiE Houston’s Panel Discussion on Commercial Real Estate
HOUSTON: TiE Houston, in partnership with the Houston Angel Network (HAN), proudly presented a panel discussion on Commercial Real Estate on October 27, 2017 at the Hess Club. Moody Rambin Company was the event sponsor. The concept of bringing this panel together was to demystify Houston’s commercial and to hear from Houston’s own successful entrepreneurs […]
Tata-Docomo dispute settled as Tata Sons pays $1.27 bn arbitration award
Japan’s NTT Docomo Inc. said on Tuesday that it had received from Tata Sons Ltd the 144.9 billion yen ($1.27 billion) it was awarded by an international arbitration court last year for its stake in Tata Teleservices Ltd (TTSL). The payment marks the exit of the Japanese company from TTSL and brings the curtain down […]
Gujarat elections: Congress, Hardik Patel a step closer to striking a deal
The Congress is close to striking a deal with the Hardik Patel-led Patidar Anamat Andolan Samiti (PAAS) for Gujarat elections, something that could potentially expand its social base in the state. A politically crucial meeting between Congress vice president Rahul Gandhi and Hardik Patel is likely to take place next week. A deal if clinched […]
Note ban anniversary: RBI says still verifying returned notes
NEW DELHI: Nearly a year after Prime Minister Narendra Modi announced demonetisation, the Rs 500 and Rs 1,000 bills returned to banks are still being “processed in all earnest” through a sophisticated currency verification system, the RBI has said. In reply to an RTI query, the central bank said it has processed about 1,134 crore pieces of Rs […]
SpiceJet working on planes that don’t need runways
NEW DELHI: In a first, SpiceJet is trying to change the traditional need of the airstrips and runways. Yes, you read that right! This new project of SpiceJet and a Japanese firm can change the future of the aviation sector. The airline has said that it “is exploring the introduction of smaller fixed wing aircraft to provide air […]
Centre releases Rs8,698 crore as GST compensation to states
The Union government has released Rs8,698 crore to states to compensate them for revenue loss following the goods and services tax (GST) implementation. All states barring Rajasthan and Arunachal Pradesh, have been given compensation for the first two months (July-August) after GST rollout. “Rs 8,698 crore has been paid to states as compensation for July […]
