North East

24 Feb

Sensex, Nifty End At Two-Week Lows; Telecom Stocks Plunge

nebm0 CommentsBusiness, North East, Siliguri

The S&P BSE Sensex and NSE Nifty 50 indexes fell for fourth day in a row to close at lowest level in two weeks on Tuesday weighed down by weakness in HDFC, Reliance Industries, Bharti Airtel, IndusInd Bank and Maruti Suzuki. Telecom shares were among the worst hit in trade a day after telecom firms Bharti Airtel and Vodafone Idea partly paid the adjusted gross revenue dues as directed by the Supreme Court. The Sensex fell as much as 445 points to hit an intraday low of 40,610.95 and the NSE Nifty 50 index broke its psychological important level of…

22 Feb

France’s ADP Buys 49% Of GMR Airports For $1.45 Billion

nebm0 CommentsNorth East

French airports operator ADP, which operates Paris airports Roissy and Orly, has bought a 49 per cent stake in GMR Airports for 1.34 billion euros ($1.45 billion), ADP said on Thursday. GMR Airports has a portfolio of seven airports in three countries: India, the Philippines and Greece. ADP said the Delhi and Hyderabad airports in India and the Mactan-Cebu airport in the Philippines together handled a total of 102 million passengers in 2019.The four other airports, which had 22 million passengers in 2019, are either under development (Goa and Heraklion) or were recently won by GMR after a bidding process…

22 Feb

Vedic Mathematics make Maths simple, fun and interesting

nebm0 CommentsNorth East

The Kolkata based Vedic Maths Forum India announces its partnership with Directorate of Education, U.T Administration of Dadra and Nagar Haveli and Daman and Diu to teach over 10,000 students of standard IX of the Government Schools in Vedic Mathematics over a period of a month.Children studying in the Government Schools in the Union Territory and the department of education struggle with Mathematics a lot. They find basic mathematical calculations like addition, subtraction, multiplication tables very difficult as most of the students are first generation going to schools without any support from their parents at home.The children suffer from Maths…

18 Feb

CEO of Abu Dhabi Future Energy Company, Masdar, Wins “The Gulf Intelligence International Energy Diplomacy Person of the Year Award 2019″

nebm0 CommentsNorth East

The CEO of the Abu Dhabi Future Energy Company, Masdar, Mohamed Jameel Al Ramahi, will be presented with “The Gulf Intelligence International Energy Diplomacy Person of the Year Award 2019,” in London on February 27th. Previous recipients of the prestigious accolade, which takes place during the Energy Institute’s International Petroleum (IP) Week, have included the Ministers of Energy & Industry of the UAE and Saudi Arabia. The International Energy Diplomacy Person of the Year Award celebrates the successful legacy of an individual with an outstanding record of achievement in the Advancement of collaboration and cooperation to ensure the global energy industry delivers on its commitment to the great energy transition and balanced markets. “Mr Al Ramahi’s vision to spearhead the strategic development of…

15 Feb

Banks Will Have To Pay The Price If Any Telco Files For Bankruptcy: SBI Chairman

nebm0 CommentsNorth East

SBI Chairman Rajnish Kumar on Saturday said banks will "have to pay the price" in case any telecom firm files for bankruptcy, a day after the Supreme Court made it clear that telecom companies will have to pay the Rs 1.47 lakh crore in past dues. The chief of the country's largest lender State Bank of India (SBI) said it is in the "wait-and-watch mode" and the onus of ensuring telecom companies' compliance with the Supreme Court order lies with the Department of Telecommunications (DoT) under the government. "If there is a negative impact on any enterprise, it impacts a…

14 Feb

Centre Willing To Look Beyond Budget To Bolster Growth

nebm0 CommentsNorth East

Finance Minister Nirmala Sitharaman on Friday said that she is open to more tweaking inside and outside the Budget for economic growth based on the feedback given by economists and experts."If more has to be done beyond the Budget 2020, we are willing to do that. I am open to take steps beyond it. We are open to hearing from all of you so that as and when tweakings have to happen or more has to be done beyond the Budget, we are willing to do that, the Finance Minister said in a panel discussion.Participating in an interactive session on…

14 Feb

Wholesale Inflation Worsens To 3.1% In January Amid Economic Slowdown

nebm0 CommentsNorth East

Wholesale inflation worsened to 3.1 per cent in January from 2.59 per cent in the previous month, government data showed on Friday. The release of official data on wholesale inflation - or the rate of increase in wholesale prices - comes at a time when the economy is staring at the worst pace of annual expansion in more than 11 years, and the central bank has paused further monetary easing after reducing the key rates by 135 basis points (1.35 percentage point) last year.The build-up inflation rate came in at 2.50 per cent so far this financial year, as against…

14 Feb

President Donald Trump To Woo Indian Executives During New Delhi Visit

nebm0 CommentsNorth East

US President Donald Trump will meet executives of large Indian companies with interests in the United States as he looks to drum up investments during his visit to New Delhi this month.‌Executives of some of the companies expected to attend the meeting include Reliance Industries, diversified group Tata Sons and auto sector companies such as Bharat Forge, Mahindra and Mahindra and Motherson Sumi, industry and business sources told Reuters.President Trump is scheduled to make his first visit as president to India on February 24-25 during which he will travel to Prime Minister Narendra Modi's home state of Gujarat followed by…

13 Feb

A touching documentary on Indian street dogs

nebm0 CommentsNorth East

Bhalo theko is a short film starring Indian pariah dogs. It is directed by Saswati Bandyopadhyay and produced by Mise En Scene. It is created with original score by Prajna Dutta. "Being a documentary short film maker, I always feel that film is a better media to reach a larger section at a time. It's an appeal to our race to be empathetic to every lives of this planet. To aware Indian dog haters who are not compassionate of their own breeds, which r. no longer acceptable", says Saswati Bandyopadhyay, the director. Mr. Jesse Alk, being an ardent pariah dog…

11 Feb

Economic Growth Set To Bounce Back As Slump Bottoms Out: Sanjeev Sanyal

nebm0 CommentsNorth East

The economic growth is poised to bounce back after slipping to a more than six-year low of 4.5 per cent in the July-September quarter as the government has taken measures to prop up investments and consumer demand, a top government adviser said."Corporate tax reductions, the Insolvency and Bankruptcy Code and the banking sector reforms have helped and will help propel growth further," Sanjeev Sanyal, principal economic adviser at the finance ministry, told Reuters.The Insolvency and Bankruptcy Code, introduced in May 2016, has helped banks to recover billions of dollars stuck in outstanding corporate loans and offer loans to new borrowers.