Business

Pitching Andhra Pradesh as a preferred investment destination, Chief Minister N. Chandrababu Naidu on Saturday said the state had potential with skilled labour, 1,000 km sea coast, and well developed infrastructure including ports and airports.

Underscoring the need for deepening bilateral ties, the Canadian prime minister said he is in India to strengthen historic ties between the two nations and the hospitality extended to his family "has been phenomenal".

The country's second largest lender has also dismissed media reports that it has imposed restrictions on withdrawals.

The trustees may also review the proposal to credit the ETFs into the members' EPF account because a large number of members do not have that level of financial literacy.

The MoU, between Amol Yadav and MIDC, will lead to a generation of around 10,000 jobs in the project, which will be spread over 157-acre land in Palghar district.

Under the smart city mission, the government has so far identified 99 cities for upgradation which would require a total investment of about Rs 2.03 lakh crore.

Fraud-hit PNB has said it will honour its bonafide commitments and entire liability will be known after the investigation.

Mahapatra said the existing airport at Allahabad (UP) will undergo major expansion and the first phase would be ready by February 2019, when Ardh Kumbh Mela is scheduled to take place.

The weakness in dollar against some currencies overseas after US Federal Reserve chairman Jerome Powell said that the central bank would remain alert to risks to financial stability in the wake of recent market rout also supported the rupee’s upmove.

Collections for Corporate Income Tax showed a growth of 19.2 per cent and that of Personal Income Tax came at 18.6 per cent.

Air India has been "consistently improving" its overall performance and more than doubled its operating profit to Rs 298.03 crore in the last financial year, according to the government.

The rupee moved in range of 64.29 to 64.38 in early deals before trading at 64.33, down by 5 paise, at 0930hrs.

Minister of State for Commerce and Industry C R Chaudhary in a written reply to the Rajya Sabha said that out of 423 zones approved after the SEZ Act, 2005 came into force, 357 have been notified and presently 221 are operational.

The 6-member Monetary Policy Committee (MPC), headed by RBI Governor Urjit Patel, retained the repurchase or repo rate at 6 percent and reverse repo rate at 5.75 percent.

Dealers said early losses in domestic equity markets and fresh foreign fund outflows weighed on the rupee.

The latest PMI showsed the recovery in demand led services firms to increase hiring last month at the second fastest rate in Six and half years, surpassed only in September.