Huge trade opportunities in Russia for leather, footwear exports

Russia has imported leather and footwear worth $3.9 billion in 2018, and India’s exports to that country stood at only $52.6 million, said chairman of Council for Leather Exports (CLE), Panaruna Aqeel Ahmed. Continue Reading

NCLAT to hear plea on Adani Power bid for Korba West Power Co

The Ahmedabad bench of the National Company Law Tribunal (NCLT) had on 26 June approved the resolution plan by Adani Power for Korba West Power Company, which operates 600 MW thermal power plant in Chhattisgarh’s Raigarh district. Continue Reading

Ola rides into 150 cities to scale operations

Ola Bike was first introduced in 2016 as a last-mile mobility solution in Gurugram, Faridabad and Jaipur. Since then, the service has been extended to cities like Hyderabad, Chandigarh and Kolkata as well as smaller towns like Gaya, Bikaner and Mughalsarai. Continue Reading

Yamaha signs three-year wage agreement

The employees also came forward and utilised this opportunity to put forth their demands and participated in the discussions in a planned way without affecting the company’s production targets. Continue Reading

Survey: Only 19% Indian employers ready to hire in Oct-Dec quarter

According to the ManpowerGroup Employment Outlook survey released on Tuesday, that covered 5,131 employers across India, a net 19 per cent of employers are anticipating an actual rise in their staffing numbers, while 52 per cent expect no change and 28 per cent are not sure about adding to their existing staff strength. Continue Reading

Export incentive scheme MEIS has not been discontinued

Under Merchandise Exports from India Scheme (MEIS), the government provides duty benefits depending on product and country. Rewards under the scheme are payable as percentage of realised free-on-board value and MEIS duty credit scrip can be transferred or used for payment of a number of duties including the basic customs duty. Continue Reading

Niti Aayog tells Chinese businesses to invest more in India

Niti Aayog Vice-Chairman Rajiv Kumar on Monday urged Chinese businesses to look at India as an export destination from where they can sell their products to various countries. Continue Reading

Union Bank of India launches green initiatives

Besides saplings of trees were distributed to customers and staff members of the Bank urging them to carry forward the plantation program at their homes and office premises. Continue Reading

MMA announces SMARTIES awards shortlist

Back for its eighth season this year, the SMARTIES India Awards remains focused on its core mission to accelerate transformation and innovation of marketing through mobile. Entries were judged on creativity, execution, strategy, and most importantly, business impact. Continue Reading

Reliance Capital to scrap off stake in Reliance Nippon

Reliance Capital will sell up to 1.93 crore shares, representing 3.15 per cent equity, in Reliance Nippon Life Asset Management (RNAM) for over Rs 505 crore on stock exchanges through “Offer for Sale” route on Wednesday and Thursday. Continue Reading