New Delhi

Epicor research reveals growth is directly related to aggressive technological agenda

Epicor research reveals growth is directly related to aggressive technological

New Delhi [India], Feb. 24 : Businesses in Mexico, China and India are increasingly turning to technology to power successful growth, reveals new global research by Epicor Software Corporation, a global provider of industry-specific enterprise software to promote business growth.

Around three quarters of Chinese and Indian firms (74 and 73 percent respectively) and 63 percent of Mexican firms cited IT investment as important, compared to a global figure of 54 percent.

FICCI report cites learnings from UK to create successful innovation ecosystem in India

FICCI report cites learnings from UK to create successful innovation ecosystem

New Delhi, [India], Feb. 22 : A report on the vibrancy of the startup ecosystem in the UK and its lessons for India's developing startup scene was launched on Tuesday.

The report, written by the Federation of Indian Chambers of Commerce and Industry (FICCI), and its India Advisory Group in the UK, looks at the British experience in creating a thriving startup ecosystem and what learnings the Indian central and state governments could take from it. The report's partners are techUK, Indian Angel Network and London & Partners.

The report identifies the ingredients to create a successful innovation ecosystem, including accommodative policy, entrepreneurial culture, availability of human capital, access to markets, access to finance and institutional support.

PM Modi greets Nagaland on 53rd statehood day

PM Modi greets Nagaland on 53rd statehood day

New Delhi [India], Dec. 1 : Greeting the state of Nagaland on its 53rd statehood day, Prime Minister Narendra Modi on Thursday said a state known for scenic beauty and talented citizens will take the state to new heights of progress

"Statehood Day wishes to people of Nagaland, a state known for scenic beauty and talented citizens who will take it to new heights of progress," Prime Minister Modi tweeted.

It was on this day in 1963 that the Nagaland attained statehood as the 16th state of the Indian Union and second in North East after being bifurcated from Assam. (ANI)

Swine flu: 36 more succumb to virus, death toll 1,041

Swine flu: 36 more succumb to virus, death toll 1,041

New Delhi, Mar. 1 - The swine flu epidemic has claimed the lives of 36 more people, taking the total death toll in the country to 1,041.

The number of people affected by the virus also stands at 19,000 now.

Rajasthan and Gujarat have been the worst-hit states so far with 234 and 231 deaths, respectively.

According to Skymet Meteorology Division in India, unusual weather conditions prevailing across the country have aggravated the situation and with the rainy days expected ahead, there is a possibility of steep rise in the numbers.

Corporate tax to be reduced, GST to be implemented, says Jaitley

Corporate tax to be reduced, GST to be implemented, says Jaitley

New Delhi, Feb 28 : Finance Minister Arun Jaitley on Saturday said that to give a fillip to growth, investment and promotion of domestic manufacturing and 'Make in India', aiming at job creation, a series of measures are included in the budget.

He also said that a Tax 'pass through' is proposed to be allowed to both Category-I and Category-II Alternative Investment funds, so that tax is levied on investors in these funds and not on the funds per se.

"The measure will step-up the ability of these funds to mobilize higher resources and make higher investments in small and medium enterprises, infrastructure and social projects and provide the much required private equity to new ventures and start-ups," Jaitley said.

ICICI Bank CEO says Budget 2015 empowers entire India

ICICI Bank CEO says Budget 2015 empowers entire India

New Delhi, Feb 28 : ICICI Bank CEO and MD Chanda Kochhar on Saturday said the Union Budget 2015, which was introduced in the Parliament earlier in the day, will empower the entire country and touches the requirements of everyone.

"This budget empowers entire India, because it actually increases the devolution to the states, it actually talks about the youth of India by taking care of skilling and training requirements. It talks about entrepreneurship, innovation. It touches the requirements of everyone," Kochhar said.

"There is a clear focus on infrastructure. There is a clear acceptance of the fact that the initial push needs to be given by public investment. There is directional clarity about how to push infrastructure through various sectors," she added.

Budget 2015 high on intent, low on delivery: Manish Tewari

Budget 2015 high on intent, low on delivery: Manish Tewari

New Delhi, Feb 28 : Congress leader Manish Tewari on Saturday said the Union Budget 2015 was high on intent and low on delivery, adding that there was nothing in it for the common man.

"The budget fails to address the structural of the Indian economy. It is high on intent, low on delivery. There is nothing in this budget for common man. " Tewari told ANI.

"It tries to confuse, if not abuse by going into detail and the specific examples of that is there is no timeline with regard to the implementation of the Goods and Service Tax," he added.

Union Finance Minister Arun Jaitley presented Budget for the fiscal 2015-16 in the parliament earlier today.

Budget will provide social security, eliminate poverty: Amit Shah

Budget will provide social security, eliminate poverty: Amit Shah

New Delhi, Feb 28 : Bharatiya Janata Party (BJP) president Amit Shah on Saturday praised the budget for fiscal 2015-16, saying it would provide both social security and eliminate poverty.

"This budget will provide social security. I would like to congratulate the Prime Minister and the Finance Minister," he told ANI here.

"I welcome the announcement of strict law enforcement on black money. It will help in identifying black money stashed abroad," he added.

Presenting the NDA Government's first full-fledged budget in the Lok Sabha today, Jaitley said the Union Budget for 2015-16 proposed two new laws and major curbs on black money stashed at home and abroad. (ANI)

'Infra sector growth marred; has most stressed loans of PSBs'

'Infra sector growth marred; has most stressed loans of PSBs'

New Delhi: The infrastructure sector has remained clogged by bottlenecks so much so that it accounted for one of the highest stressed advances by public sector banks, but a slew of steps are on fast-track its growth, says the Economic Survey.

"Infrastructure, iron & steel, textiles, mining (including coal) and aviation, hold 54 per cent of total stressed advances of PSBs as on June 2014," said the Economic Survey for 2014-15, tabled in Parliament today.

It said exposure of PSBs to infrastructure stood at 17.5 percent of their gross advances and was significantly higher than private sector and foreign banks.

The Survey added however that government's focus was on resolving issues that have marred the sector's growth.

Markets surge ahead of Budget 2015-16; Sensex up 250 points

Markets surge ahead of Budget 2015-16; Sensex up 250 points

New Delhi, Feb. 28 - Markets witnessed a surge ahead of the presentation of the Union Budget 2015-16 as the Sensex shot up 250 points to reach 29476 and the Nifty was up 70 points at 8916.

The Sensex at the Bombay Stock Exchange had yesterday shot up 473 points to close at 29,220, a day before the presentation of the Union Budget.

The Nifty at the National Stock Exchange also surged 161 points, or 1.9 percent, to 8,845 on Friday.

Finance Minister Arun Jaitley is going to present his first full-year Budget in Parliament at 11 am today, seeking to put the country on a path of 7-8 percent growth over the next two years. (ANI)

PM Modi hails dedication of scientists on National Science Day

Narendra Modi

New Delhi, Feb. 28 - Prime Minister Narendra Modi on Saturday hailed the dedication, determination and untiring efforts of scientists on National Science Day.

Prime Minister Modi took to Twitter for sharing his message.

"National Science Day is an occasion to remember the dedication, determination and untiring efforts of our scientists. They are India's pride. Science and technology will determine India's future, just as it has played a crucial role in bringing our Nation to where we are today. The Government is fully committed to encouraging research, innovation and excellence in science, particularly among our young minds," Prime Minister Modi tweeted.

He also saluted the brilliance and long-lasting contribution of Sir CV Raman to the field of science.

Swine flu tightens its grip over India

Swine flu tightens its grip over India

New Delhi, Feb.28 - Swine flu has tightened its grip over India, with the death toll reaching close to 1000. Fresh cases have been reported from across the country, including Delhi, Rajasthan, Gujarat, Uttar Pradesh, Jammu and Kashmir, West Bengal, Nagaland and Bihar.

As per the latest figures released by Health Ministry, the fatal disease has claimed 965 lives so far, while total number of people tested positive till February 25, 2015 has also increased to 16,235. Rajasthan and Gujarat have been the worst-hit states so far with 234 and
231 deaths, respectively.

Sports brand ASICS launches Sales Operations in India

Sports brand ASICS launches Sales Operations in India

New Delhi, February 27 : World renowned sports brand ASICS has announced the launch of sales operations in India. This move is set to bolster sales of ASICS products in the country, further strengthening its running lineup and actively develop goods for popular sports, like cricket, as well as indoor sports, like badminton and volleyball.

I was in two minds about doing 'Badlapur': Huma Qureshi

I was in two minds about doing 'Badlapur': Huma Qureshi

New Delhi: Huma Qureshi started her Bollywood journey by starring in edgy, unconventional films but even she had doubts about signing Sriram Raghavan's 'Badlapur' as the actress felt it was "too dark" and "hard-hitting".

"The only reason I said yes was because of the team and how everybody believed in it. I was the third actor to join the movie and I was really scared. We had a big discussion about should I, shouldn't I or will it be too much or too dark. I have been a part of edgy films earlier but 'Badlapur' was quite hard-hitting," Huma told reporters in an interview.

Huma, 28, is one of the four actresses in the Varun Dhawan-Nawazuddin Siddiqui starrer revenge drama. Though her presence is limited to 5-6 scenes in the movie, Huma has earned a lot of praise for her performance.

Japan Airlines to expand WIFI services

Japan Airlines to expand WIFI services

New Delhi, Feb 27 : Japan Airlines will be expanding its in-flight WIFI services for customers.

Since 2012, Japan Airlines has been offering in-flight services with Boeing 777-300ERs.

The airline will start expand to include Boeing 767-300ERs and Boeing 787-8s Wi-Fi service in Europe, North America and long-haul Asia routes from March 3 under the theme "Embrace new Challenges".

The service will be applicable on Boeing 767-300ERs under which nine planes have been scheduled for the financial year 2015. For Boeing 787-8s, three planes are scheduled in financial year 2015.

The service will be continued for more Boeing 787-8s for the financial year 2016.

Sebi, exchanges tighten vigil for Budget day trading

Sebi, exchanges tighten vigil for Budget day trading

New Delhi: Anticipating huge volatility during the special stock market trading on Budget day on Saturday regulator Sebi and stock exchanges have enhanced vigil to keep manipulators at bay and ensure smooth operations.

The surveillance systems have been put on high alert, fearing attempts by manipulators to take advantage of high anticipations associated with the Budget, top officials said, adding that markets are expected to witness a huge turnover, including by foreign entities.

Various market entities have also been asked to ring-fence their systems and infrastructure from any sudden volatility.

Swine influenza: 39 more deaths, toll nears 1000 mark

Swine influenza: 39 more deaths, toll nears 1000 mark

New Delhi - Swine flu claimed 39 more lives as the death toll reached closer to the 1000 mark while the number of people affected with the H1N1 virus across the country crossed 17,000 Thursday.

Ministry sources said 965 people have perished due to the disease while the total number of people affected with the seasonal influenza virus has crossed the 17,000 mark till the evening of February 25.

The Health Ministry had yesterday put the total number of deaths at 926 and the number of affected persons at 16,235.

Fresh cases were reported from Rajasthan, Gujarat, Uttar Pradesh, Jammu and Kashmir, West Bengal, Nagaland and Bihar among other states.

Railway budget a reflection of NDA Government's 'noble' motives: PM Modi

Railway budget a reflection of NDA Government's 'noble' motives: PM Modi

New Delhi, Feb 26 : Prime Minister Narendra Modi on Thursday said that the railway budget presented by Railway Minister Suresh Prabhu was indicative of his government's noble endeavor with respect to the needs of the common man, and added that the proposal is aimed at benefitting the poorest of the poor in the country.

"The railway budget, in the past, had focused on how many coaches would be added, how many coaches would have air-conditioning and how many trains would be added to the existing network. For the first time, we have a railway budget targeting Rs eight lakh crores without raising passenger fares. This is a reflection of the government's noble and accomplished motive," Prime Minister Modi said.

Bedi lauds Jaitley's defense on Land Acquisition Ordinance

Bedi lauds Jaitley's defense on Land Acquisition Ordinance

New Delhi, Feb 26 : Bharatiya Janata Party (BJP) leader and former IPS officer Kiran Bedi on Thursday showered praise on Finance Minister Arun Jaitley for his defense of the government's proposed Land Acquisition Ordinance, saying it will make one realise the falsehood been spread on the issue.

"Outstanding defense of Land Acquisition Ordinance in RSabha by @ arunjaitley Pl hear it. Will realise how much falsehood been spread. Tragic!" she tweeted.

Earlier in the day, Jaitley defended the government's proposed Land Acquisition Ordinance and accused the Congress of creating an environment in which the words 'infrastructure and industry' become 'bad words'.

Railway Budget: All North-East states to be connected to Delhi, says Prabhu

Railway Budget: All North-East states to be connected to Delhi, says Prabhu

New Delhi, Feb 26 : Union Minister for Railways Suresh Prabhu on Thursday said that his ministry has a 'comprehensive' plan for the North-East, adding that all state capitals in the region will soon be connected to Delhi.

"We have a very comprehensive plan for the North-East, and we have already decided to connect all state capitals of the region with Delhi. We are making a huge investment; the Prime Minister has visited the region many times and even I have gone with him," Prabhu said at a press conference in the national capital.

"The North East is considered as a special project state so the money for that is also available from multiple sources," he added.




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