Free Press Journal
  • India to notch up to 7.5 pc growth in 2016–17: IMF

    Washington : Driven by private consumption and increased industrial activity, India’s growth is projected to notch up to 7.5 per cent in 2016–17, overtaking China’s GDP by more than 1 per cent, the IMF stated on Tuesday.

  • India offers stakes to UAE in petro projects

    Dubai:  India has offered UAE stakes in petrochemical plants and refinery projects as it seeks to boost energy ties with the cash-rich Gulf nation.

  • Retail inflation hits 6-mth low of 4.83% in March

    New Delhi: Retail inflation in March fell to a six-month low of 4.83 per cent on account of cheaper food articles such as vegetables and pulses. The retail inflation, measured on Consumer Price Index (CPI), in February was revised upwards to 5.26 per cent from 5.18. Consumer inflation was seen below this level at 4.41 per cent in September 2015.

  • JP Associates withdraws Rs 34,000 cr chip project

    New Delhi : Infrastructure firm JP Associates has pulled out of the project to set up an electronic chip plant that entailed an investment of about Rs 34,000 crore.

  • Finnish firm to pump in Rs 3k cr in solar projects

    New Delhi : Finnish utility firm Fortum said it will invest 200-400 million euros (around Rs 1,500- 3,000 crore) in solar power projects India. India offers “one of the best solar resources and a sound government support for the development of solar sector.

  • Axis Bank lowers lending rate by 15 bps to 8.95%

    Mumbai : Axis Bank, the third largest private sector lender, on Tuesday announced a cut in its lending rate by 0.15 per cent to bring it at par with its larger rivals. Announcing its maiden MCLR (Marginal Cost Lending Rate) on March 31, the bank had set the overnight rate at 9.10 per cent, which will be reduced to 8.95 per cent effective April 18, the lender said.

  • Bajaj Corp Q4 net flat at Rs 54 cr

    New Delhi : FMCG firm Bajaj Corp reported a marginal decline in standalone net profit at Rs 54.02 crore for the fourth quarter ended March against Rs 54.42 crore during the same period last fiscal. Bajaj Corp’s net sales stood at Rs 227.79 crore, down 3.24 per cent. Overall expenses fell by 5.59% at Rs 153.98 crore. Bajaj Corp’s products include Bajaj Almond Drops, Bajaj Kailash Parbat and Bajaj Brahmi Amla and Nomarks

  • FRBM regime: Fin min moots primary surplus target

    NEW DELHI:  Ahead of the setting up of a committee to review the Fiscal Responsibility and Budget Management framework, the finance ministry is brainstorming various options, including targeting primary surplus as the lead fiscal indicator, three finance ministry officials said. “We want to move towards a new FRBM regime framework, which takes care of the fall in nominal GDP and aims at debt sustainability,” one of the officials said.

  • New policy to emphasise on promoting MICE tourism in India: Vinod Zutshi

    The new civil aviation policy of the union government which is quite on the cards, will address both the issues of opening up the skies and regional connectivity in a very aggressive and fulfilling manner, a top Tourism Ministry official said at an ASSOCHAM event held in New Delhi.   “The new tourism policy, which is just a matter of time, is going to highlight and emphasise a lot on the possibility of

  • Indians eating foods that predispose them to sickness

    By choice or compulsion, Indians across age groups and income categories are falling short in meeting the World Health Organisation (WHO) recommended daily intake of five servings of fruit and vegetable, a new report has revealed, reports IANS.

  • Shivraj Singh Chouhan

    Shivraj Singh Chouhan now controls half of Scindia department

    BHOPAL : Chief Minister Shivraj Singh Chouhan now controls half of the erstwhile Industries Department, headed by powerful Minister Yashodhara Raje Scindia. A new department called Micro, Small and Medium Enterprises (MSME) was carved out from the Industries Department and it was not allocated to Scindia.As all portfolios not allocated to any Minister automatically come under the control of the Chief Minister, Chouhan is now the Minister for MSME. Several important units

  • Incense sticks factory gutted in fire

    BHOPAL : A major fire destroyed a factory producing incense sticks located at Lambakheda under Gunga police station on Tuesday. Firefighters were battling the inferno till the filing of the report. Congress leader Govind Goel owns the factory, where incense sticks under the brand name “Puja-Path Agarbatti” were manufactured. The loss may run into crores of rupees.

  • Human-like robots to soon treat social disorders

    London : Humanoid robotics and computer avatars may help rehabilitate people suffering from social disorders such as schizophrenia or social phobia in the near future, finds new research, says IANS.

  • Commercial shop owners face ire of Kankeshwari devi

    Ujjain : Since inception commercial shop allotment by the Simhastha mela authority in the Simhastha mela area has remained in controversies. First it was botched selection process, second bungled up allotment and now the Sadhu saints in the Simhastha mela area are not approving of the shops in front or near their pandals.