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Under this scheme, DISCOMs will also conduct camps in villages or cluster of villages to help on-the-spot filling up of application forms including release of electricity connections to households. "One of the priorities for us is the development of Eastern India". PM Modi interacted with people from villages across India that have been electrified in the last four years.
  • Trump says 'not thrilled' about interest rate hikes

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    Still, President Trump voiced concern that the higher rates and a stronger dollar may put the United States at a disadvantage while Fed counterparts in the Bank of Japan and the European Central Bank keep rates low, maintaining loose monetary policy.
  • British FM urges MPs to rethink Brexit strategy

    British FM urges MPs to rethink Brexit strategy

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    Britons should be "great independent actors" on the world stage, not "rule takers", he said. Lee resigned as justice minister in June 2018 over the government's handling of Brexit . The UK has not agreed on future bilateral relations with the European Union including a "frictionless free trade area for goods", Efe news reported.
  • Fuel and energy prices set to push inflation to four-month high

    Fuel and energy prices set to push inflation to four-month high

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    Ed Monk, associate director for personal investing at Fidelity International, said: 'If inflation does jump back up after this weakening in pay growth, then it adds to the conundrum for the Bank of England's Monetary Policy Committee who are desperate to deliver a rate hike in August's MPC meeting.
  • Walmart agrees to 5-year cloud services deal with Microsoft

    Walmart agrees to 5-year cloud services deal with Microsoft

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    Walmart is banking on Microsoft Corp.to provide it with the technology foundation to meet the demands of today's evolving consumer marketplace. Last month, Walmart announced a new personal shopping service that lets customers order items via a text message with speedy delivery.
  • Long-troubled Deutsche Bank says profits unexpectedly high

    Long-troubled Deutsche Bank says profits unexpectedly high

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    Those earnings include a €100 million gain on an asset sale and debt valuation adjustments reflecting a widening of Deutsche Bank's credit spreads during the quarter. It wouldn't be the first time Deutsche Bank nudged analysts into a depressing mood, only to - "it's a miracle!" - positively surprise shareholders down the line.
  • Planemakers plot course through trade, Brexit worries to air show deals

    Planemakers plot course through trade, Brexit worries to air show deals

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    Bloomberg News notes "billions of dollars are at stake as the world's largest planemakers ... duel over orders this week at the Farnborough". Jet Airways confirmed an order for an additional 75 737 MAX 8s. Boeing, fresh from striking a deal with Embraer, will issue its global demand outlook on Tuesday. But could there be a hitch? Rising oil prices and interest rates, trade tensions and uncertainty over Britain's departure from the European Union all pose a risk to an eight-year boom in ...
  • Singapore Airlines named world's best airline for 2018

    Singapore Airlines named world's best airline for 2018

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    The last time SIA took home the gold award was in 2008, and a year ago it came in second in the ranking done by London-based research firm Skytrax . A Singapore Airlines Airbus A350-900 plane takes off at Changi Airport in Singapore March 28, 2018.
  • The EU and Japan Just Signed a Monumental Free-Trade Deal

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    The ceremonial signing was delayed from earlier this month because Abe canceled going to Brussels over a disaster in southwestern Japan, caused by extremely heavy rainfall. "We are sending a clear message that you can count on us, both Japan and the EU". Mr Trump is also now waging a fierce trade war on China, having imposed trade tariffs on over 800 Chinese goods worth £28 billion, and quickly imposed a further 10 percent tariff on £150 billion worth of Chnese imports.
  • Mnuchin says US to consider waivers on Iran sanctions

    Mnuchin says US to consider waivers on Iran sanctions

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    French Finance Minister Bruno Le Maire said over the weekend that Washington had rejected a French request for waivers for its companies operating in Iran, according to Le Figaro. That sounded like a backtracking from all the talk of taking Iran exports down to "zero". Indian Oil Corp., the South Asian nation's biggest refiner, is working on possibilities of entering into term contracts for U.S.
  • European Union rejects protectionism in huge trade deal with Japan

    European Union rejects protectionism in huge trade deal with Japan

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    The pact - which both Japan and the European Union aim to have come into force by early next year - will abolish or reduce tariffs on industrial products and agricultural items between the two sides and sets rules on investment, which is expected to help enhance opportunities for further two-way trade and investment.
  • Ryanair flight diverted due to 'inflight depressurisation'

    Ryanair flight diverted due to 'inflight depressurisation'

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    According to AFP, the passengers were due to continue their journey to Croatia aboard a second Ryanair plane, they said. There's no reassurance, just people shouting, 'emergency, emergency, '" passenger Sarah McGarry told the Irish Times "There was a newborn baby and children on the flight.
  • Amazon CEO Jeff Bezos Becomes Richest Person On The Planet

    Amazon CEO Jeff Bezos Becomes Richest Person On The Planet

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    Of course, one does not become worth $150 billion by generating it out of thin air so much as taking it from others. This week, Amazon marked its "Prime Day," a 36-hour period with special discounts for its Prime subscribers, in several counties, touting "more than one million deals worldwide".
  • Papa John's Board Kicks Founder Out of His Office

    Papa John's Board Kicks Founder Out of His Office

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    Recently, the board committee barred Schnatter from talking to the press and moved to remove his likeness from all marketing materials. The letter was written in advance of a Sunday board meeting in which the directors took actions to further shun Schnatter, including canceling his contractual "founder" duties and evicting him from office space at the company's corporate headquarters in Jeffersontown.
  • May sees off rebellion on customs union as amendment is defeated

    May sees off rebellion on customs union as amendment is defeated

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    David Davis quit as Brexit minister and Boris Johnson stepped down as foreign minister last week over May's Brexit blueprint, which would keep Britain economically close to the EU. He said that he had taken the "very hard decision" to resign "to express discontent" in votes. May defended her plan as she opened the Farnborough International Airshow.
  • Thousand jobs to be axed as 80 more Poundworld stores…

    Thousand jobs to be axed as 80 more Poundworld stores…

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    This brings the number of branches still open to 230. "We are keeping staff appraised of developments as they happen". A total of 1,024 jobs will go. Another swathe of Poundworld stores are to close as administrators scramble to sell the business. It was announced the Ivegate store would close last week.