BSE initiates IBC proceedings against seven companies

Mumbai, Dec 12 : Stock exchange major BSE on Tuesday filed proceedings under the Insolvency and Bankruptcy Code (IBC) 2016 against seven listed companies for failing to pay the “Annual Listing Fees” (ALF) in spite of “advance intimation, reminders and grant of sufficient time in the past few years”. According to the BSE, there are […]

EU commits to 9 bn euro climate finance

Paris, Dec 12 : The European Union on Tuesday announced 9 billion climate finance contribution — the first major announcement made on the historic Paris Climate Change Agreement’s second anniversary — to achieve climate goals. The Paris climate-relevant investments are in three targeted areas — sustainable cities, sustainable energy and connectivity and sustainable agriculture, rural […]

November inflation up at 4.88%, factory output growth dips

New Delhi,, Dec 12 : A sharp spurt in food and fuel prices pushed India’s annual retail inflation in November over the RBI’s median level of 4 per cent, even as factory output growth in October contracted to 2.2 per cent official data showed on Tuesday. According to the data from the Ministry of Statistics […]

NHAI making all out efforts to speed up highway construction

New Delhi, Dec 12 : The government on Tuesday said it was making all out efforts to speed up awarding of projects and construction of highways, adding it had already invited bids for projects of 4,900 km length till November. It added that the National Highways Authority of India (NHAI) was likely to invite bids […]

Girl, 5, moves NGT against noise pollution from Delhi metro

New Delhi, Dec 12 : A five-year-old petitioner approached the NGT on Tuesday complaining of noise pollution from Delhi Metro’s operations. The petition of Samriddhi Goswami, concerning the situation in north Delhi’s Rohini area, prompted the green court to direct the Delhi Metro Rail Corporation (DMRC) to strictly adhere to the environment norms by complying […]

‘Digital transactions to reach about 1,800 crore in FY18’

New Delhi, Dec 12 : Emphasising a dramatic increase in digital transactions in the country, Minister of State for Electronics and IT K. J. Alphons on Tuesday said the transactions are expected to touch 1,800 crore in the current fiscal from 1,162 crore transactions recorded between April and November. “Digital payments transactions have increased dramatically. […]