Free Press Journal
  • India-Israel biz is doing wonders: Netanyahu

    Mumbai : Israel Prime Minister Benjamin Netanyahu, on Thursday, said “the business partnership between India and Israel is doing wonders” and that he has developed “a strong personal friendship” with Prime Minister Narendra Modi. His remarks came at a power-breakfast where he held discussions with top Indian CEOs, industrialists and bankers at the iconic Hotel Taj Mahal Palace.

  • Jaitley hosts pre-budget meeting

    New Delhi : Finance Minister Arun Jaitley, on Thursday, held pre-Budget consultations with his state counterparts during which they offered suggestions on various fiscal policy and budgetary measures. This is part of the customary pre-Budget consultation which the Union Finance Minister holds with his state peers. During the meeting, Jaitley said the suggestions made by the states/union territories (UTs) and the memorandum submitted by them would be duly examined and suitably considered

  • Banking stocks lift indices to new highs

    Mumbai : Despite paring gains on the back of profit booking, the key Indian equity indices — the BSE Sensex and Nifty50 — managed to close at new highs on Thursday, led by healthy buying in banking stocks. According to market observers, positive Asian markets, coupled with inflow of foreign funds and upbeat quarterly corporate earnings, lifted the benchmark indices to record highs during the mid-afternoon trade session.

  • Antacids make factory data difficult to digest

    New Delhi : The Index of Industrial Production rising to a 25-month high in November may point towards a sound manufacturing revival, but it is an innocuous item in the basket that is having a remarkable sway over the headline industrial growth number. A closer look at industrial production data for Apr-Nov shows that half the growth in the index is due to ‘digestive enzymes and antacids’—an item with a minuscule weight

  • Tech Mahindra to pick up 17.5 pc stake in Altiostar for $15 mn

    New Delhi : IT company Tech Mahindra, on Thursday, announced it will acquire a 17.5 per cent stake in US-based telecom software development company Altiostar Networks for USD 15 million in a cash deal. The investment committee of the board of directors of Tech Mahindra “has approved the proposal to acquire shareholding in Altiostar Networks Inc, USA, through its wholly owned subsidiary, that is, Tech Mahindra (Americas) Inc, USA,” the company said

  • ASSOCHAM seeks relief to higher education in GST

    New Delhi : The industry body, Assocham, is seeking enhanced outlay for education in the coming budget. The body has also requested some relief to higher education under Goods and Services Tax (GST). The body has sent a communication to the Finance Minister Arun Jaitley on these.

  • BHEL secures EPC order for TPP in Maharashtra

    New Delhi : State-run Bharat Heavy Electricals Limited (BHEL) will be setting up a 660 MW coal-based thermal power project in Maharashtra soon. This projects is valued at over Rs 2,800 crore.

  • India’s economy to be USD 5 trillion by 2025: Paytm chief

    New Delhi: Indian economy is set to double to USD 5 trillion in the next 7-8 years as booming consumption of digital services would support addition of about USD 2.5 trillion to the country’s wealth, Paytm founder Vijay Shekhar Sharma said today.