3 lakh Indians may take cruise vacation by 2020

Cruise tourism is expected to expand in the country and as many as 3 lakh Indians may go on an international cruise vacation by 2020, says a leading industry player. India as a source market is estimated to be around 1.70 lakh guests currently for cruise tourism, against China’s 2.7 million. Continue Reading

Govt leases Padur oil reserve site to Abu Dhabi company

Half of Padur strategic oil reserve site in Karnataka will be leased out to Abu Dhabi National Oil Company (ADNOC) for storing crude, according to sources Indian Strategic Petroleum Reserves Ltd (ISPRL) will sign an initial agreement with ADNOC today in the presence of oil minister Dharmendra Pradhan, sources with direct knowledge of the matter said. Continue Reading

Indian Bank Q2 results see biz grow 14.28%

Indian Bank has announced the results for the second quarter ended 30 September at a meeting held here on Friday and the board of directors stated in a release that total business reached Rs 3.91 lakh crore with a year-on-year (YoY) growth of 14.28 per cent over Rs 3.42 lakh crore during the year ago period. Continue Reading

Illicit products result in industry loss of over Rs 1L cr: Report

Citing latest figures, FICCI CASCADE industry chamber FICCI’s anti-smuggling and anti-counterfeiting arm said illicit trade is also affecting the government revenue and loss to the exchequer in these industries is Rs 39,239 crore. Continue Reading

Gaming smartphones to hold 6.5% market share by 2021 in India: Study

Further, according to the report, the demand for better hardware to cater to advanced mobile gaming is attracting PC gaming manufacturers such as Razer and ASUS. Continue Reading