Govt seeks asset valuer for Air India stake sale

Govt seeks asset valuer for Air India stake sale

As the government prepares to peg a price tag to Air India for its stake sale, it has invited applications for an asset valuer for the national carrier as well as its subsidiaries and overseas offices. The Union Cabinet has given its in-principal approval for disinvestment of the debt-laden Air India and has constituted a group of ministers to chart out the future course of action. According to the tender document floated by civil aviation ministry, the asset valuer will have to carry out the valuation of land, buildings, aircraft,…

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Chikungunya Deaths at 12, Centre Seeks Report From Delhi Government

Chikungunya Deaths at 12, Centre Seeks Report From Delhi Government

The death toll due to chikungunya-triggered complications stood at 12 on Wednesday, with two new cases reported from the All India Institute of Medical Sciences (AIIMS), prompting Union Health Minister J.P. Nadda to seek a report from the Delhi Government on the rising deaths and number of patients. Delhi’s Water Minister Kapil Mishra also appealed to all legislators and councillors to keep aside political differences and fight the vector-borne menace together. Delhi Lt. Governor Najeeb Jung also urged the people to rise above considerations of politics and fight chikungunya and…

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Now Centre for technology and environment Seeks Ban on Potassium Iodate

Now Centre for technology and environment Seeks Ban on Potassium Iodate

The Centre’s ban on the use of potassium bromate as a food additive will lessen threat from cancer-causing chemical compounds and safeguard public health, the CSE today said and additionally sought a ban on potassium iodate, any other chemical used as a flour remedy agent in making bread. “we are satisfied to understand that the FSSAI has banned the use of potassium bromate. Our study on bread last month raised this trouble and FSSAI had announced that it’d be banned quickly. We welcome the set off action. The chemical turned…

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DIPP Seeks more information From Xiaomi for release trendy Retail shops

DIPP Seeks more information From Xiaomi for release trendy Retail shops

The department today’s business coverage and promotion has sought more facts from the chinese cell tool maker Xiaomi to technique the software for beginning absolutely-owned single-emblem retail stores in India. “The DIPP wants a few more records from the enterprise as there are some gaps of their utility. after you have their reaction, the department will flow forward on that,” an respectable stated. The information is crucial as Xiaomi has sought complete exemption from the required 30 percent neighborhood sourcing norms. when contacted about the problem, the company said: “we’ve…

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LeEco appears to Open different Retail memories in India, Seeks FIPB Nod

LeEco appears to Open different Retail memories in India, Seeks FIPB Nod

chinese device maker LeEco on Monday stated it has filed an software with the FIPB for opening unmarried-emblem retail stores to promote its electronic products. The cellphone maker stated it has “filed an application with the overseas funding promotion Board (FIPB) for mission unmarried brand retail buying and selling modern day digital merchandise both through brick and mortar stores and e-trade portal”. “India is a key marketplace for LeEco and we plan to significantly invest in putting in place our business model inside the united states. we’ve got obtained a…

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Greece Seeks To Stem Migrant Flow From Islands To Mainland

Greece Seeks To Stem Migrant Flow From Islands To Mainland

At least 20,000 refugees and migrants have been stranded in Greece after border shutdowns through the Balkans route to central and northern Europe. (AFP Photo) ATHENS:  Greece asked its passenger ferry companies and travel agencies today to cut back on bringing migrants and refugees from frontline islands to the mainland and said its own chartered ships would stay put for a few days. The moves, described by Greece’s shipping minister as temporary, are designed to stem a flow of people mostly fleeing from violence in the Middle East, as border…

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Mi Stores in India: Xiaomi Seeks Exemption From Local Sourcing Norms

Mi Stores in India: Xiaomi Seeks Exemption From Local Sourcing Norms

Chinese mobile device maker Xiaomi has sought complete exemption from the mandatory 30 percent local sourcing norms for opening single brand retail stores in India. “The company has sought permission from the Department of Industrial Policy and Promotion (DIPP)for opening single brand retail trading (SBRT) in India. They also want exemption from the mandatory local sourcing norms,” sources said. When contacted about the matter, the company said: “We have filed an application for SBRT but would be unable to share more details as it is still at a nascent stage.”…

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Oracle Seeks $9.3 Billion in Damages From Google: Report

Oracle Seeks $9.3 Billion in Damages From Google: Report

Global software and cloud major Oracle has sought $9.3 billion (roughly Rs. 61,873 crores) from search engine giant Google over software copyrights infringement, a media report said. Oracle claims that it should receive $475 million (roughly Rs. 3,160 crores) in damages in addition to $8.8 billion (roughly Rs. 58,546 crores) relating to “profits apportioned to infringed Java copyrights”, Fortune reported, quoting IDG News Service. Citing court documents, the report said the two companies have been at odds over whether Google improperly used so-called APIs (application programming interfaces) related to the…

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