Canindia

Bankruptcy, Real Estate Acts pitted against each other: Assocham – Canindia News

New Delhi, April 22 (IANS) Both the Insolvency and Bankruptcy Code (Code) and the Real Estate (Regulation and Development) Act, enacted in 2016, appear to be pitted against each other as far as protecting the interests of bankers and home buyers area concerned, Assocham said on Sunday. This is the finding of an Associated Chambers of Commerce and Industry (Assocham) – Thought Arbitrage paper, the industry body said in a statement here. “The conflict between IBC and RERA came to…

0
Read More

Life insurers’ new business premium up 11% in 2017-18 – Canindia News

Kolkata, April 21 (IANS) As many as 24 life insurers posted a 11 per cent growth in first year premium income to over Rs 1.93 lakh crore in 2017-18, as compared to about Rs 1.75 lakh crore collected by them in the previous fiscal. According to data compiled by Insurance Regulatory and Development Authority of India, state-run public life insurer Life Insurance Corporation of India (LIC) reported an 8 percent increase in its new business premium (first year premium) in…

0
Read More

Orange Business Services, Siemens partner to deliver IoT solutions – Canindia News

New Delhi, April 19 (IANS) Global IT and telecommunications services provider Orange Business Services and automation company Siemens on Thursday announced a collaboration to deliver Internet of Things (IoT) solutions for the industrial sector. The solutions would promote IoT innovation to provide customers with new revenue streams, lower costs and improved efficiencies. “By combining our strengths, we are providing industrial enterprises with new opportunities to exploit their data and unleash the power of IoT to drive significant competitive advantage,” Olivier…

0
Read More

Merkel hits back at opponents of Eurozone reform – Canindia News

Berlin, April 17 (IANS) German Chancellor Angela Merkel has reiterated her support for far-reaching Eurozone reforms on Monday despite growing opposition in her party Christian Democratic Union (CDU) and Christian Social Union (CSU). “The firm desire to find a shared pathway remains”, Merkel’s official spokesperson Steffen Seibert told the press, Xinhua news agency reported on Monday. The federal government still aimed to reach an agreement among Eurozone members over changes proposed by French President Emmanuel Macron before an upcoming European…

0
Read More

3 men held for killing petrol pump employee – Canindia News

New Delhi, April 16 (IANS) Three persons were arrested on the charge of killing a petrol pump employee when he resisted their robbery attempt in north Delhi, police said on Monday. The accused, all residents of Adarsh Nagar, were arrested on Sunday from their hideouts in north Delhi. Nikhil Saxena, 19, Vishal Sonkar, 23 and Puneet, 24 killed Naresh on April 13 while he was returning home. A motorist had informed the police about a man, later identified as Naresh,…

0
Read More

RBI’s decree will shatter cryptocurrency business in India, say stakeholders – Canindia News

New Delhi, April 15 (IANS) The Reserve Bank of India’s announcement on cryptocurrency has not only stirred the market but left both the traders and investors in a state of loss with many of them thinking of wrapping up their operations. “This unprecedented move by the RBI has stirred the market and impacted the industry at various levels. The exchanges have witnessed a steep decline in daily trade volumes and price fall for all tokens. In addition, traders who were…

0
Read More

Operational creditors – Canindia News

Kolkata, April 6 (IANS) Terming the Dalmia Bharat offer as a “pittance” in the ongoing Binani Cement’s insolvency proceedings, the operational creditors of the debt-laden cement maker on Friday said they were rejecting it outright and vowed to fight tooth and nail for their dues. “The entire Dalmia package is a cruel joke on us as most of us have patiently waited and worked with Binani to bring it to the stage of ongoing concern from its bankruptcy,” Binani Operational…

0
Read More

Pakistan approaches World Bank over Kishanganga dam in Kashmir – Canindia News

Islamabad, April 5 (IANS) Pakistan approached the World Bank to complain that India despite the arbitrator’s pause period had completed the construction of the disputed $860-million Kishanganga hydropower project in Jammu and Kashmir. Dawn newspaper, citing an unnamed official, reported on Thursday that power division of the Energy Ministry sent a fresh communiqué early this week to the World Bank, urging it to ensure that India abided by the the Indus Waters Treaty — a 1960 pact that gives control…

0
Read More

SC judge – Canindia News

Panaji, March 30 (IANS) India’s ranking of 100 in the World Bank’s ease of doing business index is “abysmal”, Supreme Court judge A.K. Sikri said on Friday, calling for an introspection. “No doubt we have been talking about ease of doing business. Some measures have been taken, which have taken us as far as ranking is concerned, from 130 to 100. But in a country which boasts that after we entered globalisation and we became the second fastest growing economy…

0
Read More

India’s Forex reserves rise by $1.19 bn – Canindia News

Mumbai, March 30 (IANS) India’s foreign exchange (Forex) reserves increased by $1.19 billion as on March 23, official data showed on Friday. According to the Reserve Bank of India’s (RBI) weekly statistical supplement, the overall Forex reserves rose to $422.53 billion from $421.33 billion reported for the week ended March 16. India’s Forex reserves comprise of foreign currency assets (FCAs), gold reserves, special drawing rights (SDRs) and the RBI’s position with the International Monetary Fund (IMF). Segment-wise, FCAs — the…

0
Read More

OECD BEPS country reports deadline March 31, except exceptions – Canindia News

New Delhi, March 26 (IANS) The government clarified on Monday that the last date for furnishing the country-by-country (CbC) report on the return of income under the OECD’s Base Erosion and Profit Shifting (BEPS) project remains March 31, 2018, for fiscal 2016-17. The Finance Ministry also clarified in a statement in New Delhi that this deadline does not apply to “constituent entities of an international group resident in India” in cases where the CbC report could not be obtained because…

0
Read More

World Bank – Canindia News

Beijing, March 24 (IANS) Technical solutions mean that East Asian countries were likely to win their battle against agriculture pollution, according to a World Bank report. “Agricultural growth has played a significant role in increasing food security, and lifting millions of people out of poverty in East Asia over the last three decades,” said Laura Tuck, World Bank Vice President for sustainable development. “However, this growth has also come at a high price, resulting in unprecedented soil, water, and air…

0
Read More

‘You can either change (your business) or you can die’ (IANS Interview) – Canindia News

New Delhi, March 13 (IANS) The last few years have seen several start-ups disappearing and large enterprises getting disrupted owing to the emergence of new-age technologies and the failure of businesses to achieve digital transformation. The global disruption, according to a top Amazon Web Services (AWS) executive, has hit Indian enterprises too and the top leadership is now looking to acquire digital prowess to stay in competition. Be it the 51 million-odd Small and Medium Businesses (SMBs), a thriving start-up…

0
Read More

US casino magnate quits as Republican finance chair – Canindia News

Washington, Jan 28 (IANS) US casino mogul Steve Wynn has resigned from his position as finance chairman for the Republican National Committee (RNC) amid sexual misconduct allegations. RNC Chairwoman Ronna McDaniel said she accepted Wynn’s resignation on Saturday, CNN reported on Sunday. “Today I accepted Steve Wynn’s resignation as Republican National Committee Finance Chair,” she said in a statement. Wynn is facing allegations of sexual misconduct by dozens of former and current women employees at his resorts. The allegations were…

0
Read More

Odisha for institutionalisation of CSR activities – Canindia News

Bhubaneswar, Jan 27 (IANS) In a bid to put a uniform Corporate Social Responsibility (CSR) spending in place, the Odisha government has held a meeting with top corporates in the state to discuss institutionalisation of CSR activities, an official said on Saturday. Chairing the meet, Industries Department Principal Secretary Sanjeev Chopra talked of widespread disparity in CSR spending across districts. Ten Odisha districts had received about 93 per cent of the CSR spending during 2014-17, the meeting was told. The…

0
Read More

‘Canada’s WTO complaint against US could scuttle NAFTA’ – Canindia News

Ottawa, Jan 12 (IANS) Canada has “thrown a grenade” at the US filing a complaint with the World Trade Organisation (WTO) against its southern neighbour’s use of trade sanctions, which might wreck their current North American Free Trade Agreement (NAFTA) negotiations, said an international trade law expert. “The odds are increasing that the United States might withdraw from NAFTA, which I’ve been of the view that it would be unlikely to do,” said Mark Warner, who runs MAAW Law, an…

0
Read More
About

Business on the Web provides the latest Business News: Breaking Personal Finance, Company,  Financial and Economic News.

Our blogs are an excellent place for technology professionals to get up-to-date industry news. Blogging about the hottest education technology issues.

Social Links