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Investment projects worth Rs 65,000 crore to be announced in second ground breaking ceremony

July 28, 2019July 28, 2019 Loknath Das000, 65%, Announced, be, Breaking, Crore, ground, In, investment, projects, Rs., Second, to, Worth

Union Home Minister Amit Shah will inaugurate the two-day second ground breaking ceremony in Lucknow on Sunday. (Image | PTI) Union Home Minister Amit Shah will inaugurate the two-day second ground breaking ceremony in Lucknow on Sunday which will see the launch of more than 250 projects worth Rs 65,000 crore. Speaking to India Today, state industrial development minister Satish Mahana said “The first ground breaking ceremony last year was highly successful and this time again more than 250 projects worth around Rs 65,000 crore rupees will be announced in…

Future Lifestyle Q1 net profit drops 7 pc to Rs 24.54 cr

July 23, 2019July 23, 2019 Loknath Das24.54, 7, Drops, Future, lifestyle, net, PC, Profit, Q1, Rs., to

New Delhi: Future Lifestyle Fashions (FLFL), part of the Kishore Biyani-led Future Group, Saturday posted a 6.83 per cent fall in consolidated net profit at Rs 24.54 crore for the first quarter of 2019-20. The company’s net profit stood at Rs 26.34 crore in the June quarter of last fiscal, it said in a regulatory filing. Profit took a beating due to higher expenses, which rose to Rs 1,507.02 crore during the April-June period of the current fiscal from Rs 1,281.91 crore in the year-ago quarter. Total income increased to Rs 1,551.11 crore from Rs…

China moves up date for lifting some restrictions on foreign investment to 2020

July 21, 2019July 21, 2019 Loknath DasChina, Date, for, Foreign, investment, Lifting, Moves, On, restrictions, Some, to, Up

BEIJING – China lifted some restrictions on foreign investment in the financial sector Saturday as the world’s second-largest economy fights slowing growth at home and a damaging trade war with the United States. China will remove shareholding limits on foreign ownership of securities, insurance and fund management firms in 2020, one year earlier than originally planned, the Financial Stability and Development Committee said in a statement posted by the central bank. Foreign investors will also be encouraged to set up wealth management firms, currency brokerages and pension management companies, the statement…

Why this investment banker aspirant decided to manufacture notebooks and paper products instead

July 17, 2019July 17, 2019 Loknath Dasand, aspirant, banker, decided, investment, manufacture, notebooks, Paper, Products, This, to, Why

One can never grow tired of the simple pleasure of putting pen to paper. While we live in a world of digital diaries and reminders on the cloud, the habit of writing things down has its own charm. Shreshtha Poddar loved jotting down little notes even as she tapped away at her phone and computer. This led to idea for Notex Notemakers, a notebook manufacturing company. Shreshtha’s father, Kailash Poddar, had always wanted to start a notebook manufacturing company, so that his four children could work together. But Kailash was unable to see…

Budget 2019: New education policy to focus on research

July 7, 2019July 7, 2019 Loknath Das2019, Budget, Education, Focus, New, On, policy, to

Rs 400 crore allocated for setting-up world-class education institutes The Centre on Friday allocated Rs 400 crore for setting up world-class education institutes and announced ‘Study in India’ programme that will aim at attracting foreign students to the country. Presenting the first Budget of the NDA government in its second term, Union Finance Minister Nirmala Sitharaman said the government will bring in a new national education policy to transform India’s higher education system to one of the best in the world. The policy proposes major changes in both school and…

Global business leader Indra Nooyi calls on Australia to fill the MCG on International Women’s Day 2020

June 19, 2019June 19, 2019 Loknath DasAustralia, business, Calls, Day, fill, Global, Indra, international, leader, MCG, Nooyi, On, The, to, women’s

Globally-recognised business leader and International Cricket Council Director Indra Nooyi has put out a rallying cry for Australia and the world to celebrate equality and empowerment at next year’s ICC Women’s T20 World Cup Australia 2020. Mrs. Nooyi, twice named on TIME’s global list of ‘100 Most Influential People’ and visiting Australia this week for speaking engagements, was taken on tours of the Melbourne Cricket Ground and Sydney Cricket Ground, which will host the semi finals and final of the ICC Women’s T20 World Cup respectively, to be played across…