India News
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After Thala Ajith Kumar’s movie Vivegam became a raging hit and created many records, several theaters across Tamil Nadu have confirmed Vivegam for the 4th week. Also, there will be grand 25th day celebrations. Famous Indian movie industry tracker Ramesh Bala, the celebrations will happen on 17th September. Taking to Twitter, Ramesh Bala said, “Several theaters across TN have confirmed #Vivegam for the 4th week.. There will be Grand #25thDay Celebrations on Sunday, Sep 17th..” Tamil movie superstar Thala Ajith Kumar’s film Vivegam is minting great money.
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Microsoft has rolled out a new feature on its ‘Teams’ service which will allow guest access to all Office 365 commercial and education customers. The feature will allow Office 365 users to add people from outside their company to a team, so the guests can participate in chats, join meetings, collaborate on documents and more. “Beginning today, anyone with an Azure Active Directory (Azure AD) account can be added as a guest in Teams,” said Lori Wright, General Manager, Microsoft Teams, in a statement late of Monday.
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India’s largest realty firm DLF has received the environment clearance for its Rs 240 crore commercial project which is to come up in Patto village, Goa. The proposed commercial complex, to be constructed on a 18,120 square meter plot, would have eight small screen multiplexes for small gatherings and it will be the first of its kind in Goa. The DLF’s proposal was first vetted by a green panel and based on its recommendations the Union Environment Ministry has given the final green clearance, said the EC letter issue to the company.
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The Reserve Bank of India will have scope to cut benchmark interest rates once again as growth in Asia’s third-largest economy slows and consumer-price gains stay within the central bank’s target range, according to Kotak Mahindra Asset Management Co. “You have a confluence of favorable CPI, lower GDP growth and a necessity to keep rates stable with easing bias,” said Lakshmi Iyer, the Mumbai-based chief investment officer for debt at the money manager. “The scope for one rate cut by March 2018 is definitely there.” Calls for further monetary easing have resurfaced after data on Aug. 31 showed that economic growth in the April-June quarter was the slowest since 2014.
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GMR Group, which operates three airports in India and abroad, is eyeing projects in South East Asia, East Asia and Eastern European countries besides looking for operations and maintenance of Jaipur and Ahmedabad aerodromes.
"Airport business, going forward, can be a significant growth engine for the group. In line with our growth strategy, the Group is actively pursuing suitable airport opportunities in India as well as globally," GMR said in its latest annual report.
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MUMBAI: The Insurance Regulatory and Development Authority of India (IRDAI) has asked the Life Insurance Corporation (LIC) to review the return on its flagship Jeevan Akshay pension plan which provides regular income against upfront premium. The regulator wants the insurance company to ensure that returns are in line with yield on LIC's investments.
The directive comes at a time when the corporation is seeing record inflows into the pension plan, which offers a guaranteed return of 6.75-7% even as returns from government bonds have crashed. The yield on a 10-year government bond has fallen to a low of 6.5% as banks, flush with funds following demonetisation, are chasing investment avenues in the absence of credit growth.
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DHARAMSALA: Bank employees will conduct "March to Parliament" on September 15 to draw the government's attention towards various issues, Deepak Kumar Sharma, General secretary of SBI Officers Association, Chandigarh Circle, said.
Sharma added that as regards the banking sector there is a long list of issues like shortage of staff, real recovery of NPAs, withdrawal of FRDI Bill, increase of service charges of public, Compensation of Demonetisation etc.
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Chennai, Sept. 12 (PTI): The unified AIADMK on Tuesday resolved to annul the appointment of V.K. Sasikala as the party's interim general secretary, party sources said.
It said the party will not accept anyone other than its founder, the late M.G. Ramachandran, and the late chief minister J. Jayalalithaa as general secretary.
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An Air India pilot union has expressed apprehension over the aviation regulator Directorate General of Civil Aviation (DGCA)’s reported warning to pilots for not complying with post-flight breath analysis test on international flights.
“We have come to know that DGCA is contemplating suspending licences of 132 pilots and 400 cabin crew…Kindly enlighten us as to why DGCA official in charge of Air Safety did not conduct any audit for the past two years,” Indian Commercial Pilots' Association (ICPA) General Secretary Captain T. Praveen Keerthi said in a letter to DGCA chief B.S.Bhullar on Monday.
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Automobile manufacturers across segments continued to make large dispatches to their dealers ahead of the festive season leading to a substantial increase in their wholesale volumes in August. Most of the growth in volumes was led by the utility vehicle (UV) and scooter segments while the medium and heavy vehicle (M&HCV) segment continued to recover post-GST. Dispatches in the passenger car segment increased by 11.8% y-o-y to 198,811 units while UV volumes grew by a whopping 19.62% y-o-y to 78,664 units. The growth in the PV segment was driven mostly by Maruti Suzuki on the back of increased production capacity because of the commissioing of the Gujarat plant.
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