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    Warehousing demand expected to grow 160% in 2021: Repor

    Warehousing demand is expected to grow around 160 per cent to reach 35 million square feet in 2021, if no further lockdowns occur, said a JLL report.Despite unfavourable socio-economic environment, warehousing stock in top eight cities, including NCR-Delhi, Mumbai, Bangalore, Chennai, Pune, Kolkata, Hyderabad and Ahmedabad has added 27 million square feet to reach a total of 238 million...

    • 14 hrs ago
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    Petrol, diesel rate unchanged for 4th consecutive day

    Consumers have been spared of another increase in fuel prices with oil marketing companies deciding to keep petrol and diesel rates static for fourth consecutive day on the back of softening seen in international oil markets.Accordingly, petrol continues to be priced at Rs 91.17 a litre and diesel Rs 81.47 a litre in the capital. Across the country as well the petrol and diesel price remain...

    • 14 hrs ago
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    Insurance Ombudsman rules amended for better services

    The Government has notified amendments to the Insurance Ombudsman Rules, 2017, with a view to improve the working of the Insurance Ombudsman mechanism to facilitate resolution of complaints regarding deficiencies in insurance services in a timely, cost-effective and impartial manner.The amended rules have enlarged the scope of complaints to Ombudsman from only disputes earlier to deficiencies...

    • 14 hrs ago
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    Cabinet nod for India-Fiji MoU in farm, allied sectors

    The Union Cabinet on Wednesday gave its approval for a five-year pact between India and Fiji for cooperation in the field of agriculture and allied sectors.As per the approval given by the Cabinet, chaired by Prime Minister Narendra Modi, the Memorandum of Understanding (MoU) will take place between India's Ministry of Agriculture and Farmers' Welfare and the Ministry of...

    • 14 hrs ago
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    Jharkhand finance minister tables Rs 91,277 crore budget

    The Jharkhand government on Wednesday tabled the annual budget of the of Rs 91,277 crore for the financial year 2021-22 with a focus on the education and health sectors.Jharkhand Finance Minister Rameshwar Oraon tabled the budget in the state assembly on Wednesday amid a parallel budget tabled by the main opposition party, BJP. Of Rs 91,277 crore a sum of Rs 75,755.01 crore has been set...

    • 14 hrs ago
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    Pakistan plans to develop oil city in Gwadar

    The Pakistan government is planning to develop a massive oil city in Gwadar district in Balochistan province with an aim to host Saudi Arabia's $10 billion Aramco oil refinery and use it as a platform to mend the dented ties between the two countries.As per details of the model city, the development will be done on a massive, covered area of 88,000 acres of land, to be used to facilitate...

    • 2 days ago
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    Recent NSE glitch cost immensely, says Sitharaman

    Days after the National Stock Exchange had to halt trading on its platform for around four hours, Finance Minister Nirmala Sitharaman said on Monday that the incident came with immense cost for the financial markets.Speaking during a virtual conference on the occassion of Civil Accounts Day, Sitharaman emphasised on the need for upgrading the processes in line with the new technologies.

    • 2 days ago
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    Hotels witnessed RevPAR decline in Jan: Report

    As the Indian hospitality sector is yet to recover completely from the pandemic-induced slowdown, the revenue per available rooms (RevPAR) of hotels in the country declined by 4-6 per cent in January on a month-on-month (MoM) basis, said a report by HVS and Anarock.The RevPAR in January stood in the range of Rs 1,900-2,100, showed the report.

    • 2 days ago
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    Govt-NUSI ink MoUs for Rs 225 Cr benefits to seafarers

    In a third major achievement in 3 months, the National Union of Seafarers of India (NUSI) signed six memorandums of understanding (MoUs) with the Centre to extend various benefits worth Rs 225-crore to the 4,00,000 Indian seafarers across all categories, a top unionist said here on Tuesday.The MoUs were signed between NUSI General Secretary Abdulgani Y. Serang and Director-General of...

    • 2 days ago
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    Sensex reclaims 50K-mark, auto stocks shine

    India's benchmark equity index S&P BSE Sensex on Tuesday reclaimed the 50,000 points-mark on the back of healthy buying in automobile and IT counters.Accordingly, after recovering from the sell-off seen in the morning the two indices closed higher for the second consecutive day.Globally, Asia stocks reversed course giving up morning gains, while European stocks fell on risk of asset bubbles in...

    • 2 days ago

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