Google faces up to $5-bn CCI fine, says cooperating in probe

NEW DELHI:Google, which is facing antitrust investigation in India by fair trade watchdog CCI, can face a penalty of up to about $5 billion if it is found to have violated competition norms of the country. Google said it is “extending full cooperation” to the CCI in its investigation. The conclusion of a two-year review […]

Trumboo Cement Industries Khunmoh observe safety week

SRINAGAR: Trumboo Cement Industries  Khunmoh is celebrating safety week  at their production plant Poshi pather Khunmoh which saw participation of more than 300 people mostly the employees. The aim of such a programme according to company statement is to increase safety awareness among the workers thus reduce any mishaps.  G.H Lone General Manager at the […]

Facebook-WhatsApp deal may face detailed CCI scrutiny

NEW DELHI: Facebook’s $ 19 billion deal (Rs 1,16,000 crore) to acquire WhatsApp may face a detailed scrutiny by the country’s fair trade regulator CCI, especially since both players have significant presence in India. The world’s largest social networking site Facebook has around 1.2 billion members globally while WhatsApp — a platform that allows exchange […]

Most investors to UAE’s Jafza came from India

DUBAI: Largest number of foreign investors to the Jebel Ali Free Zone (Jafza) in the UAE came from India in 2013, followed by China, the UK and the US, according to the entity. In 2013, 30 per cent of the new companies came from developed and developing economies of Asia, 29 per cent from Europe […]

NEW DELHI: As market regulator Sebi examines allegations of Maharishi Vedic Construction Corporation collecting money from public investors violating norms, the company claims it has not taken any public deposits. The company also said this could be a case of “mistaken identity” and it was “much confused” on what basis Sebi was connecting it with […]

RIL discoveries approved without appraisal: CAG

NEW DELHI:In a damning indictment, the CAG has said Oil Ministry and its technical arm DGH approved notification of now flagging gas discoveries in Reliance Industries’ KG-D6 block despite the company not doing enough appraisal. RIL had found gas in the Dhirubhai-1 and 3 wells in October 2002 and were declared commercially viable finds between […]

FIIs infuse `3,000 crore in Indian equities in past week

NEW DELHI: Overseas investors pumped in over Rs 3,000 crore in the Indian stock market in the past week mainly on hopes of a strong mandate for the government to be elected in polls starting next month. Foreign institutional investors (FIIs) were gross buyers of shares worth Rs 18,944 crore and sellers of stocks to […]

Wrong estimates affect mobile towers projects in naxal-hit areas

NEW DELHI: Progress in the Rs 3,046-crore mobile phone towers project in naxal affected areas across nine states is stuck due to wrong estimates by the Department of Telecom, official sources say. BSNL, which has to implement this project, has brought this “arithmetical error” to the DoT’s notice. There is a difference of about Rs […]

5th international ‘Buyer-Seller Meet’ begins

5th international ‘Buyer-Seller Meet’ begins

SRINAGAR: With an aim to promote and find new markets for the world famous Kashmir handicrafts, the fifth international ‘Buyer-Seller Meet’ in which more than 75 foreign participants from about 25 countries are participating has commenced here on Saturday. The three-day meet organized by Kashmir Chamber of Commerce and Industries (KCCI) will conclude on Monday, […]

J&K’s deficit on constant rise, says Principal Accountant General

J&K’s deficit on constant rise, says Principal Accountant General

JAMMU: Expressed his dismay over the diversion of plan grants for non-plan purposes by the Jammu and Kashmir government, the Principal Accountant General Audit (PAG), Subhash Chander Pandey Saturday said ‘J&K’s own deficit is on a constant increase and the revenue deficit has not been brought down as required by the FRBM Act’. Pandey was […]