PoEM rules not to apply to companies with Rs 50 crore or less turnover (24 minutes ago)
New Delhi, Feb 24 (IANS) The Central Board of Direct Taxes (CBDT) has clarified that place of effective management (PoEM) regulations will not be enforced upon firms with a turnover of Rs 50 crore or less in a financial year.

Non-life insurers' premium income grows over 37% in January (21:38)
Kolkata, Feb 24 (IANS) Non-life insurance companies posted over 37 per cent increase in their gross premium income (direct premium income underwritten) to Rs 12,123.53 crore in January as compared to Rs 8,840.90 crore in the year-ago month.

Wagah-like tourist spots proposed on Bangladesh border in Meghalaya (21:38)
Shillong, Feb 24 (IANS) The Border Security Force (BSF) has proposed to develop two areas along the India-Bangladesh border in Meghalaya as tourist spots along the lines of the Attari-Wagah border with Pakistan, a BSF official said here on Friday.

India's forex reserves inch lower by $57 mn (20:42)
Mumbai, Feb 24 (IANS) India's foreign exchange (Forex) reserves marginally fell by 56.8 million as on February 17, 2017 official data showed on Friday.

Centre to set up new Passport Seva Kendras in Assam (20:30)
Guwahati, Feb 24 (IANS) The Centre will set up several new Passport Seva Kendras in Assam.

Take all sections onboard before polls, Indian envoy urges Nepal (20:14)
By Anil Giri
Kathmandu, Feb 24 (IANS) Outgoing Indian Ambassador Ranjit Rae on Friday urged the Nepal government to take all the parties into confidence before going for polls.

Eveready starts production in its Assam unit (20:00)
Kolkata, Feb 24 (IANS) Battery-to-lighting major Eveready Industries on Friday said it has commenced commercial production at its new plant in Assam from Thursday.

WhatsApp now has 200 mn users in India  (19:40)
New Delhi, Feb 24 (IANS) Mobile messaging service WhatsApp on Friday announced that it has 200 million monthly active users in India.

Punjab intervenes to bail out potato growers (19:32)
Chandigarh, Feb 24 (IANS) With potato prices going down, the Punjab government on Friday directed agriculture marketing agencies under it to intervene immediately and bail out potato growers in the state who were suffering heavy losses.

Retrenchment in e-commerce industry not unique to India: Minister (19:30)
New Delhi, Feb 24 (IANS) Commerce and Industry Minister Nirmala Sitharaman has said corporate downsizing and retrenchment in the country's e-commerce industry were not unique phenomena happening in India but were occurring globally.

Haryana to provide subsidised food to construction workers (19:30)
Chandigarh, Feb 24 (IANS) Construction labourers in Haryana will be able to get food at subsidised rates near their place of work, the government announced on Friday.

Mahindra-Sumitomo industrial park project in last leg of approvals (19:14)
Chennai, Feb 24 (IANS) The industrial park jointly promoted by India's Mahindra group and Japanese Sumitomo Corporation is in the final stages of getting necessary approvals, said officials of the Indian group here on Friday.

MCG seals one dozen properties in Gurugram (18:32)
Gurugram, Feb 24 (IANS) The Municipal Corporation of Gurugram (MCG) has sealed 12 commercial properties in upscale areas of the city for not paying property tax, an official said on Friday.

India, Bangladesh ink MoU for development of Sylhet city (18:20)
Dhaka, Feb 24 (IANS) India and Bangladesh on Friday signed a Memorandum of Understanding (MoU) for the sustainable development of Sylhet city with financial aid from India.

SBI should look at VRS post merger of associate banks: AIBEA (17:42)
Chennai, Feb 24 (IANS) The State Bank of India should come with a voluntary retirement scheme after considering the overall staffing picture after merger of five associate banks instead of the five announcing such a scheme before the merger, said the leader of a major bank union.

Italian health officials arrested for faking work hours (17:34)
Rome, Feb 24 (IANS) At least 55 health professionals were arrested in Italy on Friday on suspicion of falsifying their work hours and absenteeism, police said.

Vivo launches Y55s camera-centric smartphone (17:30)
New Delhi, Feb 24 (IANS) Chinese smartphone maker Vivo on Friday launched its second smartphone of the year Y55s with 13MP rear camera in India for Rs 12,490.

India, Germany ratify 2011 agreement on social security (17:28)
New Delhi, Feb 24 (IANS) India and Germany on Friday ratified a comprehensive Social Security Agreement (SSA), to come into effect from May, to improve investment flows between the two countries, an official here said.

China to build 6 mn homes for poor in 2017 (16:58)
Beijing, Feb 24 (IANS) China will build 6 million new homes for residents of shanty towns before the end of 2017.

Wind power tariffs fall to record Rs 3.46/unit at auction (16:40)
New Delhi, Feb 24 (IANS) The wind power sector in India discovered the record low tariff of under Rs 3.50 per unit on Friday following the first ever auction by the government for setting up wind projects.

Smartron rumoured to launch Tendulkar-branded phone  (16:22)
New Delhi, Feb 24 (IANS) Homegrown technology and IoT company Smartron is rumoured to launch an exclusive Sachin Tendulkar-branded mobile phone in April which will be the first-ever signature series of the master blaster for a mobile phone brand.

Not devaluing yuan to boost exports: China (16:20)
Beijing, Feb 24 (IANS) China on Friday said it has no intention of devaluing the yuan to boost exports, and expressed readiness to coordinate its economic and trade policies with the US.

Google's self-driving car tech firm sues Uber (16:08)
San Francisco, Feb 24 (IANS) Google's self-driving car company Waymo has filed a lawsuit against global ride-hailing app Uber for allegedly stealing trade secrets and technology from it.

RBS reports $8 billion loss (15:54)
London, Feb 24 (IANS) Royal Bank of Scotland on Friday reported losses of 7 billion pounds sterling ($8 billion) for 2016, taking its overall losses since its 2008 government bailout to over 58 billion pounds.

Ignoring Indian talent China's mistake: Daily (14:50)
Beijing, Feb 24 (IANS) Ignoring Indian talent and attaching too much importance to the workforce from the US and Europe is China's mistake, a Chinese daily said on Friday.

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