August 23, 2017   
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Power Grid Q1 net profit rises 14%

Mumbai, Aug 1 (IANS) State-owned Power Grid Corporation of India on Tuesday announced a 13.91 per cent increase in its standalone net profit for the first quarter ended June 30 at Rs 2,052.41 crore, compared with Rs 1,801.77 crore in the same period...
Opposition parties demand rollback of LPG price rise (Lead)

Opposition parties demand rollback of LPG price rise (Lead)

New Delhi, Aug 1 (IANS) The government’s decision to raise the subsidised domestic LPG cylinder by Rs 4 each month to finally eliminate subsidies by March next year led to protests in Parliament on Tuesday with the opposition demanding a rollback...
Three major contracts for two Kudankulam units signed with Russia

Three major contracts for two Kudankulam units signed with Russia

Chennai, Aug 1 (IANS) Russia’s ASE Group of Companies on Tuesday said three main contracts were signed with Nuclear Power Corporation of India Ltd (NPCIL) for nuclear power units 5 and 6 to be set up in Tamil Nadu’s Kudankulam. In a statement,...

Pakistani militant killed in Kashmir, clashes erupt

Srinagar, Aug 1  A top Pakistani militant who carried a reward of Rs 15 lakh on his head was killed along with a local associate in fighting with security forces on Tuesday in Jammu and Kashmir’s Pulwama district, police said. The Jammu and Kashmir...
Indian Army chief to visit Kazakhstan, Turkmenistan

Indian Army chief to visit Kazakhstan, Turkmenistan

New Delhi, Aug 1  Indian Army chief General Bipin Rawat will embark on a visit to Kazakhstan and Turkmenistan starting from Tuesday with a high-level military delegation, an official statement said. Gen Rawat will be the first head of the Indian Army...
VENEZUELAN PRESIDENT NICOLAS MADURO SLAMS US SANCTIONS AGAINST VENEZUELA

VENEZUELAN PRESIDENT NICOLAS MADURO SLAMS US SANCTIONS AGAINST VENEZUELA

Caracas, Aug 1  Venezuelan President Nicolas Maduro has slammed sanctions imposed by the US government against the South American country for holding a controversial constitutional assembly election amid violent protests. “You’re with Trump or you’re...
Modi in Assam to review flood situation

Modi in Assam to review flood situation

Guwahati, Aug 1  Prime Minister Narendra Modi on Tuesday arrived in Assam for a day-long visit to review the flood situation in the state which has resulted in the deaths of 76 persons. The Prime Minister arrived in Guwahati’s Lokapriya Gopinath...
RBI expected to cut key interest rate on Wednesday

RBI expected to cut key interest rate on Wednesday

Mumbai, Aug 1  With latest macro-economic data showing inflation at a record low and fall in factory output, the Reserve Bank of India (RBI) is expected to reduce its repo, or short term lending rate, at its monetary policy review on Wednesday. At its...
Poland marks 73rd anniversary of Warsaw Uprising

Poland marks 73rd anniversary of Warsaw Uprising

Warsaw, Aug 1  Memorial ceremonies took place Polish capital on Monday as the country marked the 73rd anniversary of the outbreak of the 1944 Warsaw Uprising against the Germans during the World War II. Polish President Andrzej Duda, Warsaw Mayor Hanna...
China marks People’s Liberation Army’s 90th anniversary

China marks People’s Liberation Army’s 90th anniversary

Beijing, Aug 1 China on Tuesday marked the 90th anniversary of the People’s Liberation Army’s (PLA) founding with a grand rally held at the Great Hall of the People here. President Xi Jinping while addressing the ceremony said the PLA is...
Pakistan interim PM-designate faces NAB inquiry over LNG contract

Pakistan interim PM-designate faces NAB inquiry over LNG contract

Islamabad, Aug 01  The Pakistan Muslim League-Nawaz (PML-N) nominee for the post of interim Prime Minister, Shahid Khaqan Abbasi, is facing a Rs 220 billion corruption inquiry by the National Accountability Bureau (NAB) over a liquefied natural gas (LNG)...

DTC to be converted into world-class transport service: Kejriwal

New Delhi, Aug 01  Delhi Chief Minister Arvind Kejriwal on Monday announced that the Delhi Transport Corporation (DTC) will be converted into the most advanced and modern transport service at par with world-class transport services. He made the announcement...
Andhra to set up institute for research on ‘Uddanam Nephropathy’

Andhra to set up institute for research on ‘Uddanam Nephropathy’

Amaravati, Aug 01  The Andhra Pradesh government on Monday agreed to set up a dedicated research centre in the state’s Uddanam region to find a solution to high prevalence of chronic kidney disease. The institute will be supported by Indian Council...
India wants continued US engagement in Afghanistan against terrorism

India wants continued US engagement in Afghanistan against terrorism

New Delhi, Aug 1  India has said that the US should continue to be engaged in the fight against terrorism in Afghanistan. “Another area of growing convergence is the high priority being attached by both sides to countering terrorism,” External...

Snapdeal not selling out to Flipkart

Bengaluru, Aug 01  Leading e-tailer Snapdeal on Monday said it was terminating strategic discussions to sell its stake, ostensibly to rival Flipkart, as it had decided to pursue an independent path. “As we have been exploring strategic options...
India’s April-June fiscal deficit at 80.8% of full year target

India’s April-June fiscal deficit at 80.8% of full year target

New Delhi, Aug 01  India’s fiscal deficit up to last month during the current fiscal touched Rs 4.42 lakh crore or 80.8 per cent of the Budget estimates for 2017-18, official data showed on Monday. According to figures released by the Controller...
Eight core industries’ output slows down in June

Eight core industries’ output slows down in June

New Delhi, Aug 01  Production in India’s eight major industries slowed down during June, as the total output rose only by 0.4 per cent as against an increase of 4.1 per cent in May 2017, official data showed on Monday. The Eight Core Industries...

SBI cuts savings deposit rate by 50 bps to 3.5%

Mumbai, Aug 01  The State Bank of India (SBI) on Monday announced a 50 basis points (bps) cut in the interest rates for savings accounts having deposits below Rs 1 crore, effective immediately. The revised interest rate for savings accounts having up...
RBI imposes Rs 3 cr penalty on Union Bank for KYC non-compliance

RBI imposes Rs 3 cr penalty on Union Bank for KYC non-compliance

Mumbai, Aug 01  The Reserve Bank of India (RBI) on Monday said it has imposed a penalty of Rs 3 crore on the Union Bank of India for non-compliance of Know Your Customer (KYC) norms. RBI imposed the penalty of Rs 2 crore and Rs 1 crore on July 26 under...