Uber-Jio alliance hints at stiffer e-wallet battle

NEW DELHI, Feb. 21 -- Mukesh Ambani-promoted Reliance Jio's partnership with Uber, the American cab hailing company announced on Monday,signals a larger battle in the mobile wallet space where Paytm leads with over 160 million users.

In Uber,too,Paytm has been a preferred partner for the longest time. But that might change.

"Digital payments have become part of our everyday lives and by integrating Jio Money a sa payment option, our riders will... Read More

BCC urges RBI to ask banks to step up credit flow

Patna, Feb. 21 -- The Bihar Chamber of Commerce on Monday urged the new regional director of RBI to facilitate enhanced credit flow for industries, infrastructure development, tourism and transport sectors for fuelling economic activity and overall growth.

A delegation, led by BCC president P K Agrawal, drew the attention of regional director, RBI, N P Topno towards the low credit-deposit ratio of 41%, substantially lower than the national avera... Read More

Designing the bad bank of India

New Delhi, Feb. 21 -- To solve the problem of bad loans in India, the Reserve Bank of India (RBI) has introduced multiple schemes over the last few years: Flexible Refinancing of Infrastructure (5/25 scheme), Asset Reconstruction (ARC), Strategic Debt Restructuring (SDR), Asset Quality Review (AQR) and Sustainable Structuring of Stressed Assets (S4A).

However, the "twin balance sheet problem" persists. On the banking side, stressed assets now st... Read More

PHDCCI seminar on 'Make in India & FDI in Retail' today

Raipur, Feb. 21 -- The PHD Chamber of Commerce and Industry (PHDCCI) in joint association with Union Ministry of Food Processing Industries (MOFPI) is organising a conference titled "Make in India & FDI in Retail: Opening Bright Avenues for Food Processing Sector" in Raipur on Tuesday.

In Chhattisgarh, the food processing sector is in growing phase. It needs to tap the market by developing suitable marketing strategies which should be capable of... Read More

A French note

India, Feb. 21 -- Historian Arundhati Virmani in her exhibition, Marriages a la Francaise, will present shifts in cultural grammar, focussing on French weddings. By Ankita Jain

While studying and researching wedding invitation cards in India, noted historian Arundhati Virmani came up with an interesting plan to extend her investigation into the rituals of weddings in France. In the exhibition titled Marriages a la francaise, curator Arundhati wi... Read More

US sending the wrong message

India, Feb. 21 -- Trump will take some time to realise that his actions cannot revamp a system which is so intimately related to his own country. Revoking agreements and enforcing controversial bans belie what America has historically stood for, in decades since the Second World War

US President Donald Trump's first few days in office have witnessed a profusion of apocalyptic predictions for the world economy. His unabashed move to encourage pro... Read More

Budget Session begins on stormy note in Guj

GANDHINAGAR, Feb. 21 -- As expected, the 45-day-long Budget Session of Gujarat Assembly began on stormy note on Monday as Opposition Congress MLAs didn't allow Governor OP Kohli to complete his customary speech by creating ruckus over much talked about Kutch sex scandal in which four BJP leaders are allegedly involved.

The Congress MLA entered inside the House wearing black cloths as part of protest over sexual exploitation of females in Nalia t... Read More

'Sports dept budget increased from Rs5 cr to Rs500 cr in 10 yrs'

Bhopal, Feb. 21 -- Revenue, Science and Technology Minister Umashankar Gupta said that the budget of the Sports Department has increased from Rs5 crore to Rs500 crore in ten years. Gupta was speaking at the inauguration of the Mahila Vidhayak Trophy at Saraswati Nagar Ground. Competitions including Chair Race, Tug-of-War, Spoon Race and Matkiphod were organised.

Gupta said it is the result of the increase in sports budget that the State has acqu... Read More

In 'Make In India' push, govt mulls easing retail FDI policy

New Delhi, Feb. 20 -- In a development that could provide a significant push to the government's flagship 'Make In India' programme, the Centre is said to be considering a proposal to free up the Foreign Direct Investment (FDI) policy on retail for both online and offline products. However, the policy liberalization under consideration will only apply to goods produced in India.

The proposed move, besides acting as a major boost to 'Make In Indi... Read More

Sensex up by 35.76 pts

Mumbai, Feb. 20 -- The benchmark index of Bombay Stock Exchange(BSE) rose today by 35.76 points to 28,504.276 in the intraday trade on renewed buying across the board.e Nifty of National Stock Exchange (NSE) also advanced by 12.25 points at 8,833.95.

The sensex registered intra day high and low at 28,530.34 and 28,419.27 points respectively.

The Nifty recorded intra day high and low at 8,846.70 and 8,809.80 points respectively.

All Sectoral... Read More