4 Indian passengers stranded at Lahore airport after Pak closes airspace

4 Indian passengers stranded at Lahore airport after Pak closes airspace

Thursday, 28 February 2019 | PTI | Lahore

Four Indian passengers are stranded at the Lahore airport after the Pakistan’s Civil Aviation Authority (CAA) closed its airspace on Wednesday in the wake of tensions with India. “The PIA’s PK-270 Lahore to Delhi was to leave for its destination on Wednesday but due to suspension of flight operations the four...

Market extends losses as India-Pak tension escalates

Thursday, 28 February 2019 | PTI | mumbai

The benchmark BSE Sensex surrendered early gains on Wednesday to end in the negative terrain after a 600-point swing amid escalating cross-border tension between India and Pakistan. Investor sentiment took a beating after Pakistani fighter jets on Wednesday violated Indian air space in Jammu and Kashmir’s Poonch and Nowshera sectors, experts...

Govt detects Rs 20K cr GST evasion in April-February FY'19

Thursday, 28 February 2019 | PTI | New Delhi

The Government has detected Rs 20,000 crore worth of GST evasion so far this fiscal,  and will take more steps to check frauds and increase compliance, a senior tax officer said Wednesday. Central Board of Indirect Taxes and Customs Member (Investigation) John Joseph further said the department would soon call a...

GST cut to boost sale of under-construction flats, says Moody's

Thursday, 28 February 2019 | PTI | New Delhi

Credit rating agency Moody's on Wednesday said the GST rate cut on under-construction flats will boost housing sales, but may hit profit margins of builders with withdrawal of input tax credit. The GST Council had on Sunday decided to cut goods and services tax (GST) rate on affordable homes to 1...

Total private equity buyout value sees strongest 5-yr jump

Thursday, 28 February 2019 | PNS | Mumbai

Private equity (PE) funds produced another impressive surge in investment value in 2018, capping the strongest five-year stretch in the industry's history with $2.5 trillion in disclosed buyout deal value. Limited partners (LPs) remained highly enthusiastic and continued to flood the market with fresh capital. For general partners (GPs), putting record...

Docprime achieves 1 million visitors mark

Thursday, 28 February 2019 | PNS | Gurugram

Docprime.com, a healthcare venture by EtechAces Marketing and Consulting Private Limited of Policybazaar Group, has achieved its first milestone of one million unique visitors per month. The milestone has been accomplished in a short span of 6 months after the launch of Docprime’ services. The platform which offers free online medical...

Rupee tumbles 17 paise to 71.24 vs $ as India-Pak tension flares up

Thursday, 28 February 2019 | PTI | Mumbai

The rupee dived 17 paise to close at 71.24 against the US dollar on Wednesday amid a flare up of tensions between India and Pakistan. Firming crude oil prices, month-end dollar demand from oil importers and a weak sentiment at domestic equity markets weighed on the rupee, analysts said. At the Interbank...

USFDA approves Espee Group manufacturing plant in USA

Thursday, 28 February 2019 | PNS | new delhi

Aavis Pharmaceuticals, part of Espee Group, located in Hoschton, GA, completed an inspection by the US Food and Drug Administration at the company's primary manufacturing facility with Zero 483 observations. With successful inspection of its formulation manufacturing plant Espee becomes the 3rd Group in Gujarat to have USFDA approved plant...

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