Policy

 

Major ports to desalinate sea water: Nitin Gadkari

Apr 17 2018

To meet potable water demand, three major ports - Paradip, Ennore and Chidambarnar - will install plants to recycle and desalinate sea water, Union Minister Gadkari said.

All post office branches to be linked with IPPB in 5 months: Sinha

Apr 17 2018

The Dept of Posts will link all post office branches with the IPPB in the next 5 months to provide full fledged digital banking services across the country, Sinha said.

Nitish cabinet approves subsidy for power consumers

Apr 17 2018

The Bihar cabinet gave its nod for giving subsidy to energy consumers after the state regulatory commission had hiked the power tariff by five percent for 2018-19.

Atal Pension subscriber base reaches 97.6 lakh

Apr 17 2018

The total number of Atal Pension Yojana (APY) subscribers reached 97.60 lakh as on April 12, official data showed.

Composition scheme: FinMin clarifies on return filing

Apr 17 2018

FinMIn said traders who have opted for composition scheme need not file certain details in return form since the reverse charge mechanism is not yet functional.

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Global Markets

 

Stocks In News

 

IDFC

In talks to sell MF and broking units for Rs 600 Cr

Bain Capital , Warburg, Yes Bank and IndusInd said to have expressed interest

The AMC business had an AUM of Rs 66392 cr and PAT of Rs 58 cr in FY17

The Securities business had a PAT of Rs 29 cr in FY17

Economic Times Reports

INDIAN HOTELS

Taj Mansingh auction to begin on 19th June18 as per NDMC notice

NDMC - New Delhi Municipality Council

Potential bidders can submit bids starting from 18th May

The hotel is a 292 room five star hotel currently operated by IHCL

Mint Reports

CADILA HEALTHCARE

Zydus Gets final approval from USFDA for Methylprednisolone

Will be manufactured at formulations manufacturing facility at Moraiya, Ahmedabad

Also received final approval to market Cinacalcet Hydrochloride Tablets

Will be manufactured at facility at SEZ, Ahmedabad

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