Kochi: In a major relief, the Union government on Friday cut down excise duties for petrol and diesel by Rs 10 per litre each, media reports said.This has brought down taxes on petrol to Rs 3 per litre of petrol and making it zero for diesel.There are fears among the people the benefit will not …
Kochi: India can buy Russian oil currently stranded at sea on a short term basis after the US Treasury Department temporarily eased sanctions, BBC reported.Treasury Secretary Scott Bessent said the permission is for 30 days to allow oil to keep flowing in the global market.It will also help “alleviate pressure caused by Iran’s attempt to …
Kochi: The US Supreme Court has struck down President Donald Trump’s sweeping global tariffs delivering a major blow to the president’s economic agenda, BBC reported.The Supreme Court ruled Trump exceeded his authority when he imposed tariffs via a law reserved for national emergencies.The ruling applies to his so-called “Liberation Day” tariffs. Trump argues the taxes …
Kochi: In a major decision, the centre cleared a Rs 3.25 lakh crore proposal on Thursday to induct 114 additional fighter jets into the Indian Air Force (IAF), the Economic Times reported.The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh gave Acceptance of Necessity (AoN) to the programme.The proposal was approved by the …
Kochi: US government-backed small business loans will nolonger be available for Green card holders from March 1, 2026, the Economic Times reported.This is due to the US Small Business Administration (SBA) tightening its citizenship and residency rules.The change applies to key SBA loan programmes and affects businesses with any ownership by lawful permanent residents, an …
Kochi: Prime Minister Narendra Modi has described the India-US trade deal as a “big decision” benefiting everyone in the country, Times of India reported.The BJP-led government always works for the benefit of the nation, Modu said at the meeting of the NDA Parliamentary Party.NDA partners greeted Modi for the trade deals with the US and …
Kochi: Kerala gulped liquor worth Rs 332.62 crore during Christmas days from December 22 to 25, Asianet reported. It is 19 percent more compared to the same period in 2024.Liquor worth Rs 114.45 crore was sold during December 24.Bevco had opened premium counters this year.Kerala State Beverages (M&M) Corporation Ltd (BEVCO) sells liquor on behalf …
Kochi: Pakistan privatised loss making Pakistan International Airlines (PIA) at Rs 135 billion to a consortium led by a local investment company, The Economic Times reported.Investment firm Arif Habib outplayed pre-qualified parties, Lucky Cement, private airline Airblue in the bid claimed to be done transparently. Arif Habib emerged the highest bidder, offering Rs 115 billion, …
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 …
