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Parliament passes Lokpal amendment bill

New Delhi, July 29 -- A bill to amend the Lokpal and Lokayukta Act, 2013, was passed by parliament on Thursday doing away with the time limit for public servants to furnish details of their assets and liabilities, which as per the original act was July 31 every year.

The Lokpal and Lokayukta (Amendment) Bill, 2016, which was passed by the Lok Sabha on Wednesday, was passed by the upper house on Thursday.

It allows extension of the time given to... Read More


SC to examine if state entry tax violates 'freedom of trade'

New Delhi, July 18 -- A nine judge constitution bench of the Supreme Court bench will hear from Tuesday a batch of petitions by some top corporate houses and business associations challenging the imposition of entry tax by the various state governments, contending that it was violative of the freedom of trade and commerce provided under the Constitution.

The bench of Chief Justice T.S.Thakur, Justice A.K.Sikri, Justice S.A. Bobde, Justice Shiva ... Read More


Suzuki, Toshiba and Denso to make lithium-ion batteries in India

New Delhi, April 15 -- Suzuki Motor Corporation on Friday said that it has reached a basic agreement with Toshiba Corporation and Denso Corporation for establishment of a joint venture company which will produce automotive lithium-ion battery packs in India.

"Suzuki Motor Corporation (Suzuki), Toshiba Corporation (Toshiba) and Denso Corporation (Denso) have reached basic agreement on establishing a joint venture company for production of automot... Read More


BML Munjal University, the new hub for aspiring engineers from Andhra Pradesh and Telangana

New Delhi, Sept. 7 -- BML Munjal University (BMU), founded by The Hero Group, and located in Gurugram (National Capital Region of Delhi) has emerged as the new hub for aspiring engineers from the South. Prof. B S Satyanarayana, Vice Chancellor, BMU and senior staff members of the University were in Hyderabad on 7th April 2017 to strengthen this growing relationship by interacting with media persons and parents of students who hail from the city. ... Read More


Major natural gas reserve found in Indian Ocean: USGS

Sri Lanka, July 26 -- The U.S. Geological Survey (USGS) says it has assisted the Government of India in the discovery of large, highly enriched accumulations of natural gas hydrate in the Bay of Bengal.

"Advances like the Bay of Bengal discovery will help unlock the global energy resource potential of gas hydrates as well help define the technology needed to safely produce them," said Walter Guidroz, USGS Energy Resources Program coordinator.

N... Read More


4 bodies found inside tent at the highest camp on Everest

KATHMANDU, May 24 -- Sherpa rescuers have found the bodies of four climbers inside a tent on the highest camp on Mount Everest, raising the death toll this climbing season to 10, authorities said Wednesday.

The bodies were found by a team of rescuers who were there to recover the body of a Slovak mountaineer who died over the weekend, Tourism Department official Hemanta Dhakal said.

The identities of the dead climbers in the tent were still unk... Read More


Marks & Spencer FY17 Profit Down, Revenues Up; Maintains Dividend - Quick Facts

India, May 24 -- Retailer Marks & Spencer Group Plc (MAKSY.PK, MAKSF.PK, MKS.L) reported Wednesday that its 52-week fiscal 2017 profit before tax plunged to 176.4 million pounds from 488.8 million pounds recorded in the 53-week last year.

Basic earnings per share were 7.2 pence, down from 24.9 pence last year. On a 52-week basis, pre-tax profit fell 63.5 percent and earnings per share fell 70.7 percent.

Adjusted profit before tax was 613.8 mill... Read More


Software Procurement Policy formulated; to have special provisions for start-ups and MSMEs

New Delhi, May 24 -- In line with consistent representations made by IT majors for the need of a Software Procurement Policy, Government has formulated a model RFP under which there would also be special provisions for start-ups and MSMEs.

Various concerns have been raised from time to time by the industry relating to their engagements (and contracts) with government funded projects. These issues include terms of payments, acceptance criteria, ... Read More


Interests of Kerala not protected in Vizhinjam port deal: CAG

India, May 24 -- Comptroller and Auditor General of India has said that it has observed that interests of Kerala were not protected in the agreement with Adani Ports and SEZ Private Ltd for implementing the Rs 7525 crore Vizhinjam International Deepwater Multipurpose Seaport project.

CAG in its report on public sector undertakings for the year ended March 2016, said the technical and financial estimates prepared by external consultants were not... Read More


Grid restriction compensation to benefit renewable sector: Ind-Ra

India, May 24 -- India Ratings has said that the Government's proposed compensation mechanism for existing renewable energy projects will protect the cash flows to an extent from grid curtailments and will also ensure a favourable operational environment for renewables sector.

Commenting on the issue, an Ind-Ra Official told the media, "If the proposal is adopted it will protect the cash flows to an extent from grid curtailments and also ensure ... Read More