Railways terminates 16 caterers’ contracts for poor-quality food, overcharging

In the fiscal year 2017-18, 16 catering contracts were terminated and a penalty of Rs 4.87 crore were imposed for various lapses in catering services. Read more »

First day of IIMBue focused on changing needs of businesses

In its first edition in 2015, the theme was around Engage, Energize, Enhance, while the second edition in 2016 was around Multiple facets of Leadership: Start, Scale and Disrupt. Read more »

Rs 100 crore needed to recalibrate ATMs for new Rs 100 notes: Catmi

ATMs will need to be calibrated, which is time consuming and a big cost on an already struggling industry. Read more »

35 developers express interest in Gujarat’s offshore wind project

The wind energy project with a capacity to produce 1,000 megawatt has been planned off the coast of Pipavav port in Gujarat. Read more »

Facebook faces delay to WhatsApp Payments in India

The delay comes just as WhatsApp has been embroiled in a controversy over lynchings in the country. Read more »

Customers need to shell out Rs 1,095 upfront for Jio’s Monsoon Hungama

Reliance Jio which is looking to scale up JioPhone users by four fold from 25 million to 100 million offers the device against refundable deposit of Rs 501 to be paid upfront. Read more »

Birla Corporation to raise cement capacity to 20 mt

Presently, the total manufacturing capacity after acquisition of Reliance Cement is 12.5 mt, chairman of Birla Corporation Harsh Lodha said. Read more »

Railway Board puts Rs 3,000 crore CCTV project on the back burner

The e railways received Rs 500 crore from the Nirbhaya Fund and has had to raise Rs2,500 crore on its own Read more »

FinMin wants banks to start issuing near field communication-enabled credit and debit cards

The government has set an ambitious target of 30-billion digital transactions to be accomplished within 2018. Read more »

NCLT approves JK Paper’s Rs 371 cr bid for Sirpur Paper Mills

The Hyderabad bench of the National Company Law Tribunal (NCLT) today admitted the resolution plan submitted by JK Paper, the company said in a regulatory filing. Read more »