Day: January 3, 2019

As per the current policy, in defence sector, foreign investment beyond 49 per cent has been permitted through approval route. FDI limit for the defence sector has also been made applicable to manufacturing of small arms and ammunitions covered under Arms Act, 1959.

The Rs 800-crore lunar mission Chandrayaan-2 will the 25th from the second launch pad of the spaceport at Sriharikota in Andhra Pradesh, about 90km northeast of Chennai.

Iran will invest about Rs 1,500 crore to expand a refinery run by Chennai Petroleum Corp., the company’s Managing Director, said.

Sixteen sovereigns of gold and one kg of silver were burgled from a house in Madhavaram.

Equitas Small Finance Bank has announced revision of interest rates on savings accounts.

The Shirdi Sai Baba Temple received a total of Rs 14.54 crores in donations over 11 days between 22 December of last year and the first day of the new year.

The company has also launched renewal premium receipts via the messenger and has also introduced claim intimation through it.

The National Housing Bank (NHB), which launched housing prices index ‘NHB RESIDEX’ in 2007 to track the movement in housing prices on quarterly basis, has revamped the system by changing the base year and releasing separate index for under construction properties.

The Supreme Court today agreed to hear on 8 January, Tamilnadu’s appeal against the NGT order to reopen Vedanta Ltd’s Sterlite copper plant at Tuticorin.

Looking at long-term solutions for the economic and financial sustainability of the MSME sector, the Reserve Bank has set up an expert committee under former Sebi chairman U K Sinha.