Page 3911 - Business Finance
EESL distributes 30 cr LED bulbs, helped save Rs 15K cr annually
State run Energy Efficiency Services Ltd (EESL) today said it has distributed over 30 crore light emitting diode (LED) bulbs across the country under the Unnat Jyoti by Affordable LEDs for All (UJALA) scheme. The UJALA scheme was launched by Prime Minister of India Narendra Modi in January 2015 and is currently the largest LED distribution programme in the world. The distribution of 30 crore LED bulbs in India has led to energy savings of over 38,952 million kWh, annually, amounting to Rs 15,581 crore in energy savings, an EESL statement said. In its commitment to reduce carbon intensity by 33 to 35 per cent between 2005 and 2030, India has recognised energy efficiency as a key mitigation strategy, with the UJALA scheme serving as the government's flagship programme for efficient domestic lighting, globally recognised as one of the largest contributors to energy savings globally. Saurabh Kumar, Managing Director, EESL said, "We hope to continue building on the momentum generated ...
Gold weakens on muted demand, silver tops Rs 41,000-mark
Gold prices softened by Rs 40 to Rs 31,950 per ten grams at the bullion market today owing to slackened demand from local jewellers even as the metal strengthened overseas. On the other hand, silver recaptured the Rs 41,000-mark by surging Rs 330 to Rs 41,200 per kg due to increased offtake by industrial units and coin makers. Marketmen said easing demand from local jewellers and retailers at existing levels mainly put pressure on gold prices but a firm trend overseas capped the fall. Globally, gold edged higher by 0.13 per cent to USD 1,291.90 an ounce and silver by 0.06 per cent to USD 16.43 an ounce in New York in yesterday's trade. In the national capital, gold of 99.9 per cent and 99.5 per cent purity declined by Rs 40 each to Rs 31,950 and Rs 31,800 per ten grams, respectively. It had gained Rs 210 in yesterday's trade. Sovereign, however, remained unaltered at Rs 24,800 per piece of eight grams. On the other hand, silver ready rebounded by Rs 330 to Rs 41,200 per kg and ...
Edible oils extend gain on rising demand
Edible oils maintained an upward trend for yet another week at the wholesale oils and oilseeds market, on the back of rising demand from vanaspati millers and retailers. Castor oil in the non-edible section, also went up on increased offtake by the consuming industries. Marketmen said, pick-up in demand from vanaspati millers and retailers against restricted arrivals from producing belts, mainly led to the rise in edible oil prices. Vegetable oils import rose by 3.5 per cent in April to 13.86 lakh tonnes, according to the industry data. Imports of vegetable oils (edible oil and non-edible oil) stood at 13.39 lakh tonnes in April 2017, according to Solvent Extractors' Association of India (SEA). In the national capital, sesame mill delivery and cotton seed mill delivery (Haryana) oils rose by Rs 200 each to Rs 9,200 and Rs 7,100 per quintal, respectively. Mustard expeller (Dadri) oil also edged up by Rs 50 to Rs 7,700 per quintal. Soya bean refined mill delivery (Indore) and soya bean .
Raj Nagar Extension to witness price augmentation upto 10% with secondary markets going up: CREDAI Ghaziabad
The Ghaziabad chapter of the developers' body CREDAI has anticipated augmentation of property prices to the tune of 10 percent in the immediate future, basis the rates in the secondary market going up by 20 percent and on sale properties in the region witnessing almost 40 percent surge in queries within the past two months.The 10.3 Kms long Hindon Elevated Road, is a major catalyst for Raj Nagar Extension which gives the region seamless connectivity with the national capital and other micro pockets of Ghaziabad, hence improving its attraction quotient. The elevated road which has been developed with a total cost of Rs. 1,147.6 crores has seen massive commutation in just 45 days of it becoming operational. This meant that the region has come closer to Delhi in terms of commutation and it is well reflected in the sales queries which have seen a sudden surge of almost 40 percent.Highlighting the importance of this, Manu Garg, President, CREDAI - Ghaziabad says, "The realty growth of a ...
Murudeshwar Ceramics to declare Quarterly Result
On 30 May 2018
Hyd Metro stations to have electric vehicle charging points
As part of its commitment to provide eco-friendly green services, electric vehicle (EV) charging stations would be set up at the Metro stations here by the the L&T Metro Rail (Hyderabad). A contract had been signed with the Powergrid Corporation of India to promote EV Charging Stations at metro stations, LTMRHL said in a release here today. "To start with, Powergrid shall develop charging stations at Miyapur and Dr. B R Ambedkar Balanagar Metro Stations, it said. Powergrid shall subsequently develop EV charging stations across the entire metro corridors. "We are committed to provide best in class eco-friendly green Metro services to the citizens of Hyderabad and this is a step in that direction," LTMRHL MD & CEO KVB Reddy said.
2 prominent Indian-Americans appointed by NYC Mayor to Board of Advisors
Two prominent Indian-American executives are among 19 people appointed by New York City Mayor Bill de Blasio as members to an organisation that addresses the city's most pressing challenges, with a particular focus on improving the lives of vulnerable New Yorkers. Hotel Association of New York City President and CEO Vijay Dandapani and Insight Venture Partners Managing Director Deven Parekh, along with 17 other individuals have been appointed members to the Mayor's Fund to Advance New York City Board of Advisors. Dandapani is a hotel industry veteran, recognised in 1998 as one of Crain's New York Business top 100 minority business leaders in New York City. In 2002, the Asian American Business Development Center, New York selected him as one of 50 outstanding Asian Americans in Business. He is an alumnus of Cornell University's School of Hotel Administration. According to its website, the Hotel Association of New York City is one of the oldest professional trade associations in the ...
Extension of date for filing return in FORM GSTR-3B for the month of April, 2018
Earlier it was brought to the notice of the competent authority that certain technical issues are being faced by the taxpayers during the filing of FORM GSTR-3B for the month of April, 2018. In order to resolve the same, emergency maintenance is being carried out on the system.
Boost in digital advertising gives jobs to youth in valley
The boost in digital advertising in the valley has changed the lives of many employed youth. With the help of digital advertising in shaping plastic hoardings and boards to enhance the look of markets and commercial hubs in Srinagar has been a story of success for reasons more than one.Technological advancements have made it easier to design materials much less time. This new technique is heavily in demand by customers.Digitally designed advertising boards have given a magical makeover to the already splendid Srinagar replacing the old handmade boards which were earlier used for advertisements in malls and shops.The bloom in the growth of digital advertising in the valley has seen the rise of several digital agencies which are providing employment to the many unemployed youths in the region who have the skills.With the increase in demand for digital advertising by businesses, more and more youth are being pulled into the industry which is helping to solve the issue of unemployment.A ..
US dollar mixed amid economic data
The US dollar traded mixed against other major currencies as investors continued to sifting a batch of economic data.
U.S., China talks focus on cutting trade gap, $200 billion target disputed
WASHINGTON/BEIJING (Reuters) - China is "meeting many" Trump administration demands to cut its trade surplus with the United States, but a definitive deal to resolve deep trade differences could take a while to develop, White House economic adviser Larry Kudlow said on Friday.
US stocks close mixed on earnings, trade talks
US stocks ended mixed as investors were digesting the latest corporate earnings as well as the ongoing trade talks between China and the US.
Wall St. posts weekly loss as banks, chipmakers weigh
NEW YORK (Reuters) - The S&P 500 ended lower on Friday after a choppy trading session as bank and chipmaker stocks weighed on the index and investors grappled with U.S.-China trade talks.
Oil prices fall, Brent notches sixth week of gains
NEW YORK (Reuters) - Oil prices fell on Friday, but Brent crude marked its sixth straight week of gains, boosted by plummeting Venezuelan production, strong global demand and looming U.S. sanctions on Iran.
Political risk hits Italy's stocks, bonds, euro; dollar gains again
NEW YORK (Reuters) - Political uncertainty in Italy weighed on the country's stocks and bonds as well as the euro on Friday, while trade concerns and tepid corporate earnings kept Wall Street in check.
Oil prices fall, Brent set for sixth week of gains
NEW YORK (Reuters) - Oil prices fell on Friday, but Brent crude was on track for a sixth straight week of gains, boosted by plummeting Venezuelan production, strong global demand and looming U.S. sanctions on Iran.
Centre approves Anil Kumar Jha as Coal India CMD
The Appointments Committee of the Cabinet on Friday approved the appointment of Mahanadi Coalfields chief Anil Kumar Jha as Chairman and Managing Director of Coal India.
Wall Street edges lower as bank, chip stocks weigh
(Reuters) - Wall Street edged lower on Friday, weighed down by bank and chip shares as well as a handful of tepid earnings reports, although losses were capped by gains in industrial stocks on signs of progress in Sino-U.S. trade talks.
Centre appoints key officials to various ministries
The Central government on Friday announced appointment of senior bureaucrats to key positions in various ministries like Commerce, Steel, Information and Broadcasting, Petroleum and Natural Gas, and Divestment, among others.
Tata Steel acquires 72% stake in Bhushan Steel
Tata Steel's wholly-owned subsidiary Bamnipal Steel Ltd on Friday acquired 72.65 per cent stake in Bhushan Steel Ltd (BSL) in accordance with the approved resolution plan under the corporate insolvency resolution process (CIRP).