Kochi: Kerala State Beverages Corporation (BEVCO) earned a record ₹826.38 crore through the sales of liquor during the Onam season ended September 4 posting 6.38 per cent increase in the same period last year.In the same period last year it was Rs 776.82 crore..Onam eve Uthradam day witnessed an increase of 9.23 per cent at …
Kochi: In a blow to the Lulu Group, the CPI has opposed reclamation of wetland for setting up a Mall at Thrissur, media reports said.The party Council took the decision to stand against filling of paddy fields against which a CPI local leader Mukundan had gone to court.Mukundan had told the media that his actions …
Kochi: Steep tariffs on goods from India to the US will take effect from Wednesday scaring exporters who are fearing a sharp decline in US orders after trade talks collapsed, media reports said.An additional 25 per cent duty announced by will make total tariffs to 50%, as a punishment for New Delhi buying of Russian …
Kochi: In a bid to give a major thrust to the digital connectivity programme, India has allowed Elon Musk’s Star Link to provide satellite internet and other services in the country, media reports said.The Indian National Space Promotion and Authorisation Centre (IN-SPACe) has given permission to M/s Starlink Satellite Communications Pvt Ltd (SSCPL) to offer …
Kochi: US multinational tech firm Apple Inc has damned US President Donald Trump’s suggestion to make iPhones in the US instead of India.Reiterating its ‘Make in India’ commitment,Apple said it wanted to make the country a major manufacturing base.It assured that Apple’s investment plans for India are intact.India produced about 15 percent of its annual …
Kochi: Prime Minister Narendra Modi landed in Kerala to dedicate the nation Vizhinjam International Seaport near Thiruvananthapuram on Friday.The Prime Minister’s Air India One flight landed at the technical area of the Thiruvananthapuram airport at around 7.50 PM.The Prime Minister proceeded to the Raj Bhavan. He will attend a dinner with Governor Rajendra Arlekar. Tomorrow …
Kochi: Union Finance Minister Nirmala Sitharaman announced IT relief for income upto Rs 12 lakh while presenting the Union Budget for 2025-26 on Saturday. Annual limit for TDS on rent has been raised from ₹2.40 lakh to ₹6 lakh.Sitharaman said the government will provide identity cards and registration for Gig workers, who are independent contractors, …
Kochi: Kerala is going to become the first state to operate its own airliner, Air Kerala which is likely to start commercial services from Kannur and Mysuru airports this year, media reports said.The budget friendly service is likely to begin operations by the middle of this year. The services are envisaged to provide impetus to …
Kochi: Real estate sector thrived in the sleepy village of Kizhakkambalam in Kochi when the Left government allowed Dubai-based TECOM Group to set up the SmartCity project in 2011, analysts saidEnvisioning huge returns in future,people invested heavily in projects floated by real estate firms which made a beeline to Kochi to make hay while the …
Kochi: The Delhi High Court on Wednesday allowed time for Hero Electric to settle subsidy misappropriation case with the Ministry of Corporate Affairs, media reports said.The High Court issued the direction to Hero Electric after the company informed the court about its willingness to resolve the dispute with the ministry concerned.Directing Hero Electric to approach …
Kochi: State Industries Minister P Rajeev will inaugurate 64th annual conference ofKSSIA at Gokulam Park at 3.30 pm in Ernakulam on September 30.KSSIA president A Nizaruddin will preside.State planning member Santosh George Kulangara will be the chief guest. Industries Department Principal Secretary A P M Mohammad Hanish will deliver the Keynote address. KSIDC Managing Director …
Kochi: The Kerala State Small Industries Association (KSSIA) has by and large welcomed the state budget presented yesterday.State president A Nizaruddin and general secretary P J Jose said the proposals are expected to trigger vigor in the industrial sector. It was expected that there would be considerable allocation for the MSME sector.The amount earmarked for …
Kochi: A total of Rs 11.11 trillion is targeted in the infrastructure Capex which is up by 11 per cent during 2024-25 compared to previous period in the union budget presented by the Union Finance Minister Nirmala Sitharaman on Thursday. Tourism, spiritual tourism, local entrepreneurship will get a fillip. The railways will upgrade 40,000 coaches …
Kochi: The Kerala State Small Industries Association (KSSIA) has welcomed the LDF government’s decision to amend the allotment policy of Industrial estates in the state.KSSIA president A Nizarudeen and general secretary P J Jose said that the matter had remained unresolved for over 50 years.They said that the entrepreneurs were thankful to the chief minister …
Kochi: The Kerala State Small Industries Association (KSSIA) has appealed to the Reserve Bank of India (RBI) to roll back its decision to increase in Repo Rate which had caused huge problems to the sagging KSSIA. This has led to the interest rate zooming up by 1.50 per cent triggering multiple problems to the industry …
Kochi: Business mogul Gautam Adani of the Adani group is the third prosperous man in the world, according to the Bloomberg Billionaire Index. Tesla founder Elon Musk, Amazon CEO Jeffery Preston Bezos are ahead of Adani who owns an asset of 137 billion dollars.Musk has an asset of 251 Bn dollars and Jeff 153 bn …
Kochi: In a bid to create large employment opportunities, the Lulu group will set up a marine export center to help fishermen to get attractive remuneration at Kochi. The marine products caught by the fishermen in Kerala will be sold in Lulu outlets abroad, founder and Managing Director M A Yusuf Ali told reporters at …
Kochi: There are reports of the Centre planning to sell a part of its stakes in the Central Bank of India and Indian Overseas Bank this Parliament session. The banking laws (amendment) bill 2021 is likely to be introduced in the winter session to offload 51 per cent of stakes in the banks, media reports …
Thrissur: South Indian Bank has announced the Q2 FY 22 results with a net loss of Rs. 187.06 Crore as against Net Profit of Rs. 65.09 Crore during the corresponding period of the previous year. The details of Q2 loss was released by the bank here in press release on October 21 here. Bank declared …
Air India is the second-largest loss-making public sector enterprise in the country. Last financial year the state career had made a loss of Rs 8,474 crore. Kochi: Air India is back with the Tata group who once owned it before the country got independence after which the government took control of it in 1953. The …
