ADB to provide up to $9 bn loan to India over 3 years
Committing to support infrastructure development in India, Asian Development Bank on Wednesday said it will provide up to $7-9 billion loan to the country over the next three years. “ADB’s operations for India will maintain high level of lending, amounting to a total of $7-9 billion over the... read more »
Kal cables challenges licence cancellation
The Union Information and Broadcasting Ministry has cancelled the provisional and permanent registration of the multi-system operator, part of Kalanithi Maran-headed Sun Group. Even as the Union Information and Broadcasting Ministry has cancelled the provisional and permanent registration of Kal... read more »
12 Indian firms among Forbes Asia’s Fabulous 50
A dozen Indian firms figure in this year’s Forbes Asia’s Fabulous 50 list of the region’s best big publicly traded companies. China boasts the most companies on the list, as it has for the last three years. But the number fell to 16, down from 20 last year and 23 the year before, according to... read more »
Minimum pension of Rs. 1,000 under EPFO; wage ceiling up at Rs. 15,000
The much-awaited minimum monthly pension of Rs. 1,000 and a higher wage ceiling of Rs. 15,000 for social security schemes run by retirement fund manager EPFO will be implemented from September 1. The government’s decision to fix pension entitlement of Rs. 1,000 under the Employees’ Pension... read more »
Petrol prices cut; diesel gets costlier
Petrol price was on Thursday cut by Rs. 1.09 per litre, the second reduction in three-and-half-months, while diesel rates were hiked by 56 paise a litre. The revisions will be effective... read more »
Maruti July sales rise 21.7% to 1,01,380 units
Country’s largest car-maker Maruti Suzuki India (MSI) on Friday reported 21.7 per cent increase in its total sales for July at 1,01,380 units as against 83,299 units in the same month... read more »
Death toll in Indonesia boat accidents up to 34
Rescuers in Indonesia recovered more bodies after vessels carrying villagers to celebrations of Id-ul-fitr capsized in two separate rivers, raising the death toll to 34, officials said on... read more »
Gas explosions kill 24, injure 271 in Taiwan
At least 24 people were killed and 271 others injured when several underground gas explosions ripped through Taiwan’s second-largest city overnight, hurling concrete through the air and... read more »
10 killed in Bangladesh train-bus collision
At least 10 people were killed and 50 injured on Friday when a train collided with a bus at a railway crossing in Bangladesh’s Jhenaidah district. A railway official said the train smashed the... read more »
