Breaking news, views, reviews, cricket from across India

  • New toilets in trains no better than septic tanks: IIT-M study
    on November 23, 2017 at 6:50 am

    By Srinand Jha A new kind of toilet using bacteria to break down human excreta has been deployed in Indian trains over four years to 2017, at a cost of Rs 1,305 crore, but this toilet is no better than a septic tank, the Indian Institute of Technology-Madras (IIT-M) has concluded after a two-year long study. As many as 93,537 "bio-digesters" -- as the toilets are called --have been installed in mainline express and mail trains by the Indian Railways. These are small-scale sewage-treatment […]

  • SBI Life bets on metals, oil and gas sectors for investment growth
    on November 23, 2017 at 6:42 am

    MUMBAI: India's SBI Life Insurance Co. Ltd has increased investments in the metals, oil and gas sectors as a rise in energy and metals prices is set to drive growth in commodity stocks, the insurer's chief investment officer told Reuters. Strong refining margins at oil and gas companies, the Indian government's push to encourage use of gas as a cleaner fuel and a rise in steel and base metals prices are expected to drive earnings in the sectors, Gopikrishna Shenoy said. "That is why we are […]

  • Modi's Make in India may get a $6-bn boost
    on November 23, 2017 at 6:23 am

    by Shruti Srivastava and Anurag Kotoky South Korean conglomerate Lotte Group and French automotive group Peugeot SA have discussed proposals to invest as much as $6 billion combined in India, a move that would boost Prime Minister Narendra Modi’s attempts to attract foreign capital in Asia’s third-largest economy, a person with direct knowledge of the matter said. Lotte may invest between $3 billion and $5 billion in the next five years, the person said asking not to be identified […]

  • Jet Airways plans to scrap first class in its Boeing 777 planes
    on November 23, 2017 at 6:07 am

    NEW DELHI: Jet Airways plans to do away with first-class seats in its Boeing 777 planes that are operated for long-haul flights as it works on cost-cutting measures, a senior airline official said. The carrier, earlier this week, told investors about its plans for strategic growth where the key focus would be on cost minimisation. According to the official, Jet Airways is looking at doing away with first class seats in B777 planes in order to increase the number of seats in them as part of […]

  • How does one mess up a farm loan waiver? Ask Maharashtra
    on November 23, 2017 at 5:57 am

    MUMBAI: Maharashtra’s farm loan waiver policy has been facing hurdles as the state has not been able to disburse loans to all the farmers promised, and has instead blamed the banks for providing erroneous data, including fake and non-existent Aadhaar numbers of farmers. With the PMO taking up the issue with the state government and banks, state IT secretary Vijay Kumar Gautam has become the first casualty and has proceeded on leave for 15 days due to ‘personal reasons’. Banks […]

  • Hearings in Infosys vs Rajiv Bansal case to begin in December
    on November 23, 2017 at 5:44 am

    BENGALURU: The first hearing in the arbitration proceedings between Infosys and its former CFO Rajiv Bansal is scheduled in December in Bengaluru. Bansal had invoked his rights to an arbitral tribunal early this year on the issue of Infosys holding back a substantial portion of his severance pay. Former Supreme Court judge RV Raveendran was appointed as sole arbitrator in April. Over the past several months, various submissions have been made to the tribunal by both the parties. The parties […]

  • Bitcoin magic gives this Chinese stock fivefold gain in a month
    on November 23, 2017 at 5:04 am

    By Jun Luo, Jacob Gu and Ludi Wang A little bitcoin fairy dust is making a relatively obscure Chinese internet company the hottest stock in the Nasdaq Composite Index. On Oct. 12, Xunlei Ltd., a Shenzhen-based provider of online media services, introduced its “Wanke coin mining” cryptocurrency project. Since then, its American Depository Receipts have rallied more than 350 percent, making it the best performer in the Nasdaq over that time. Wanke’s design is similar to […]

  • Eateries fleecing you in the name of GST? Taxmen just made sure they can't anymore
    on November 23, 2017 at 4:23 am

    NEW DELHI: Leading fast-food chains such as McDonald’s have got queries from tax officials seeking details about menu prices before and after GST rate cuts on November 15. The move follows reports of some food chains raising prices. The government is keen to ensure the benefit of GST reduction is passed on to consumers. The National Restaurant Association of India (NRAI) has said it will soon be advertising price cuts. State GST authorities have made phone calls and sent questionnaires […]

  • Rs 10,000-crore tax googly rattles Indian IT industry, leaves companies jittery
    on November 23, 2017 at 4:03 am

    MUMBAI: The tax department has raised service tax demand of about Rs 10,000 crore from information technology and IT-enabled services companies in the country, sending a shockwave through an industry already reeling under tighter US immigration laws and increasing automation. In its notices sent to about 200 companies so far, the service tax department has told them to return export benefits claimed in the last five years (2012-2016) on software provided to clients outside India, and has […]

  • Apple to hunt for talent at IIT Bombay this year
    on November 19, 2017 at 5:03 am

    MUMBAI: Tech giant Apple will pick talent from the Indian Institute of Technology Bombay this year. While it has been in discussions with several other tech campuses across India, it has confirmed its presence at the Powai campus for the 2017 placement season. The company has floated its application forms for prospective interested graduates. Applications to take the preliminary short-listing exam were circulated on November 12 and that test would be held before the semester exams take place […]

  • DDA housing scheme 2017: Draw around Nov end, 46K applications
    on November 12, 2017 at 6:25 am

    The draw for DDA's new housing scheme, for which the urban body has received over 46,000 applications, would be held around the end of November, a senior official said. The Delhi Development Authority (DDA) is offering 12,000 flats across four income categories in Rohini, Dwarka, Narela, Vasant Kunj, Jasola, Pitampura, Paschim Vihar and Siraspur. Of the total number of flats, around 10,000 unoccupied ones are from the 2014 housing scheme, while 2,000 have been lying vacant. "The draw date […]

  • 'Lower rates, discounts to bring fence-sitting buyers in market'
    on October 29, 2017 at 7:23 am

    The fence-sitting buyers are likely to come into the market with a firm intention to buy a home if lower interest rates coincide with a hard discount or some other money-saving offer, says property consultant Jones Lang LaSalle. "We keep hearing of the 'wait-and-watch' or 'fence-sitting' syndrome on the residential property market, which basically means that a significant number of people who want to buy a home are not doing so for various reasons, including expectation of price correction, […]

  • SC orders refund of principal to home buyers of Supertech
    on October 23, 2017 at 1:21 pm

    The Supreme Court today ordered its registry to disburse the principal amount of 26 home buyers who had booked flats in a Supertech project at Noida in Uttar Pradesh whose demolition was ordered by the Allahabad High Court A bench headed by Chief Justice Dipak Misra considered the report of advocate Gaurav Agarawal, who is assisting it as an amicus curiae, which said that out of several home buyers of Supertech's twin Emerald Towers, 26 have not received any refund. The bench, which also […]