No plan to impose any tax on agricultural income: Jaitley

Finance Minister Arun Jaitley today said the government does not plan to impose any tax on agricultural income, dismissing the suggestion of NITI Aayog member Bibek Debroy.Finance Minister Arun Jaitley today said the government does not plan to impose any tax on agricultural income, dismissing the suggestion of NITI Aayog member Bibek Debroy."I categorically state that the Central government has no plan to impose any tax on agriculture income," he said in a tweet.

ABB, IBM team up on industrial artificial intelligence

In a joint statement ABB said it would combine its digital offering, which gathers information from machinery, with IBM's expertise in artificial intelligence featured in its Watson data analytics software. The two companies will jointly develop and sell new products.

ABB has sealed a collaboration agreement with International Business Machines Corp, the Swiss engineering company said on Tuesday, the latest step in its efforts to ramp up its presence in digital technology and the internet of things.In a joint statement ABB said it would combine its digital offering, which gathers information from machinery, with IBM's expertise in artificial intelligence featured in its Watson data analytics software. The two companies will jointly develop and sell new products."This powerful combination marks truly the next level of industrial technology, moving beyond current connected systems that simply gather data, to industrial operations and machines that use data to sense, analyse, optimise and take actions that drive greater uptime, speed and yield for industrial customers," ABB Chief Executive Ulrich Spiesshofer said in a statement

Samsung to update software over 'red screen' smartphone

The launch of the device is a key step for the South Korean tech firm as it seeks to move on from last year's humiliating withdrawal of the Galaxy Note 7 over exploding batteries, which hammered the firm's once-stellar reputation.Electronics giant Samsung will this week offer an unusually early software update for its newly- released Galaxy S8 phone, it said today after some consumers complained of red-tinted screens.The launch of the device is a key step for the South Korean tech firm as it seeks to move on from last year's humiliating withdrawal of the Galaxy Note 7 over exploding batteries, which hammered the firm's once-stellar reputation.

The Galaxy S8 started over-the-counter sales in the US and its home market but South Korean users who pre-ordered the phones complained their screens displayed an unusually reddish hue.Online images of their phones went viral on social media but Samsung denied a hardware flaw and maintained that users could manually adjust the colour range according to their preferences

SIT issues second summons to former Goa CM in illegal mining case

The Special Investigation Team of the Goa Crime Branch has summoned former Chief Minister Digambar Kamat on Monday in connection with investigations into the illegal mining scam, after he skipped the summons earlier week.“Kamat has been asked to remain present before Special Investigation Team of Goa Crime Branch on Monday (April 24). He would be questioned in relation with the illegal mining activity which is being investigated by us," senior Crime Branch official told PTI today.This is the second summons issued to Kamat in connection with the case.The veteran Congressman, who is named in the FIR filed by the Crime Branch in the case, was summoned on Tuesday (April 18) but had failed to appear before it claiming to be out of station. He was first questioned in the case by the SIT in February 2014.

Currency with public declines slightly as ATMs run dry

According to the RBI data, there was a 4 percent increase in currency in the hands of the public at Rs 12.64 lakh crore as on March 31, as against a 7 percent rise a fortnight agoAs ATMs run out of cash, the pace of currency availability with the public slowed towards the end of March.

According to the RBI data, there was a 4 percent increase in currency in the hands of the public at Rs 12.64 lakh crore as on March 31, as against a 7 percent rise a fortnight ago at Rs 12.13 lakh crore as on March 17. The increase in the preceding two fortnights was 6.8 per cent and 8.5 percent.The currency with public was at a low of Rs 7.8 lakh crore in December, immediately after the cash ban, while it was at a peak of Rs 17.01 lakh crore as of October-end before demonetisation.Nearly five months since the Prime Minister Narendra Modi announced the sudden doing away of old Rs 500 and Rs 1000 rupee notes on November 9, there has been a gradual pickup in the cash in circulation in the economy, but now seems to be some liquidity crunch again in some regions of the country.

SC allows NDMC to e-auction Taj Mansingh hotel

A bench comprising Justices P C Ghose and R F Nariman allowed the plea of New Delhi Municipal Council (NDMC) that the Tata Group firm cannot have the right to refusal in the auctioning of the hotel.The Supreme Court today allowed civic agency NDMC to e-auction five-star hotel Taj Mansingh, presently being run by Tata Group firm Indian Hotel Company Ltd (IHCL), in the heart of the national capital.A bench comprising Justices P C Ghose and R F Nariman allowed the plea of New Delhi Municipal Council (NDMC) that the Tata Group firm cannot have the right to refusal in the auctioning of the hotel.The bench, however, asked the civic body to grant six months "breathing time" to the company in vacating the hotel in case they lose out in the e-auction.The court also said that the "blemish-free" record of Tata Group firm IHCL may be taken into account by NDMC while auctioning the iconic property.The civic body had on March 3 told the apex court that it wants to e-auction the hotel.The court had earlier asked IHCL, which challenged a Delhi High Court order allowing auction of the hotel, to file objections, if any, within a week.

Panama Papers: Pakistan SC to decide Nawaz Sharif’s fate today

The case essentially seeks disqualification of 67-year-old Sharif over his alleged misstatement in his address to the nation on April 5 and his speech before the National Assembly on May 16, 2016.The Supreme Court in Pakistan will deliver its verdict in the high-profile Panama Papers case involving the country’s Prime Minster Nawaz Sharif and his family. Elections in Pakistan next year have increased the significance of the verdict for Sharif and his PML-N party.

The case essentially seeks disqualification of 67-year-old Sharif over his alleged misstatement in his address to the nation on April 5 and his speech before the National Assembly on May 16, 2016.Cricketer-turned-politician Imran Khan 

RBI to keep rates steady over the next 18 months: Poll

Earlier this month, the Reserve Bank of India raised a secondary rate while holding the key repo rate steady to mop up excess liquidity from the government's demonetisation drive, making it the fourth meeting in a row it has surprised markets.The Reserve Bank of India is expected to keep interest rates steady well into next year after it shifted to a neutral monetary policy stance in February, and despite having raised concerns over a potential spike in inflation, a Reuters poll found.Earlier this month, the Reserve Bank of India raised a secondary rate while holding the key repo rate steady to mop up excess liquidity from the government's demonetisation drive, making it the fourth meeting in a row it has surprised markets.

The median consensus in the poll of more than 35 economists, conducted between April 10-19, was for the policy repo rate to remain at 6.25 percent until the fourth quarter of 2018 at least, and the reverse repo rate at 6.00 percent."Inflation continues to be the biggest factor worrying the central bank.

Railways worst operating ratios in 2016-17 and 2000-01, both under BJP govts: Chidambaram

"Railways worst operating ratio in 2016-17. Previous worst in 2000-01. Both under BJP governments! Despite well- meaning minister. Problem of Railways is deeper. It cannot be run as a department of government," he said on Twitter.The problem of Indian Railways is deeper and it cannot be run as a government department, former Finance Minister P Chidambaram said today while criticising the BJP government for the public transporter reporting the "worst" operating ratio in the last fiscal."Railways worst operating ratio in 2016-17. Previous worst in 2000-01. Both under BJP governments! Despite well- meaning minister. Problem of Railways is deeper. It cannot be run as a department of government," he said on Twitter.An operating ratio indicates how much the railways spends to earn a rupee. An operating ratio of 94.9 per cent means that the railways is spending 94.9 paisa to earn 100 paisa (one rupee).

A lower figure of operating ratio is therefore regarded better and is indicative of better financial health of the system

Nepal president Bidya Devi Bhandari leaves for India

Nepal government has announced a public holiday today to mark her visit. As per custom, public holidays are announced in Nepal whenever the head of the state embarks on an official foreign visit.Nepal President Bidya Devi Bhandari left for India today on her first foreign visit, during which she will hold talks with the top Indian leadership to strengthen bilateral tiesShe left for New Delhi in a special Nepal Airlines flight from the Tribhuvan International Airport in Kathmandu.

Govt to divest 3-15% stakes in NTPC, NHPC, IOC, others; add Rs 35k cr to divestment kitty

Kicking off the divestment process for the current financial year, the government has cleared the sale of stakes in multiple state-owned companies.NLC India and 3 percent in via offer for sale

If the planned sale goes through, at current market prices, the government could end up achieving nearly 48 percent of its divestment target for the year. The highest amount would be contributed by NTPC at roughly Rs 13,300 crore, followed by IOC at Rs 6,200 crore and NHPC at around Rs 4,000 crore.To maintain its fiscal deficit target of 3.2 percent, the government had set out with an ambitious divestment target of Rs 72,500 crore for FY18. The target was to be achieved via minority stake sale totalling Rs 46,500 crore, strategic stake sales worth nearly Rs 15,000 crore, and listing of various insurance companies to add Rs 11,000.

Railways to export locos, train sets worth Rs 680 cr to Sri Lanka

Rail India Technical and Economic Service (RITES), a railways PSU, has secured its largest export order from Sri Lanka Railways for the supply of 10 broad gauge diesel locomotives and six DMU (diesel multiple units) train sets.Indian Railways will supply modern locomotives and train sets worth Rs 680 crore to Sri Lanka, in the largest export order for the public transporter.

Rail India Technical and Economic Service (RITES), a railways PSU, has secured its largest export order from Sri Lanka Railways for the supply of 10 broad gauge diesel locomotives and six DMU (diesel multiple units) train sets.DMU train sets do not require separate locomotive as the engines are incorporated into one or more of its coachesAll locomotives and train sets would be equipped with state-of-the-art technology and manufactured in Varanasi and Chennai, said a senior Railway Ministry official.

3 suspected RAW agents arrested in PoK:

The masked suspects were produced before the media during a briefing in cv, Dawn newspaper reported.Police in Pakistan-occupied Kashmir have claimed that they have arrested three suspected RAW agents for their alleged involvement in anti-state activities, according to a media report on Saturday.The masked suspects were produced before the media during a briefing in cv, Dawn newspaper reported.

Lucky Grahak: Mobile EMI fetches Rs 1-crore bonanza for student

Mengshette, a second year student of Electrical Engineering from Latur district in Maharashtra, received the cash prize from Prime Minister Narendra Modi at a function in Nagpur today.An EMI payment of Rs 1,590 for a newly bought mobile phone has earned a mega lottery of Rs 1 crore for 20 year-old engineering student Shradha Mohan Mengshette under the government's Lucky Grahak Yojana.Mengshette, a second year student of Electrical Engineering from Latur district in Maharashtra, received the cash prize from Prime Minister Narendra Modi at a function in Nagpur today.She won the mega prize for making a transaction of Rs 1,590 through her Rupay card online.

Volvo Auto India hikes prices across model range by up to Rs 2.5 Lakh

"All the models would undergo an upward revision in the Ex-showroom prices by up to 2.5%. The increase is due to rise in input costs which affect all models sold in India. Volvo Cars focus has always been to provide the best-in-class products to our customers at a competitive price with class-leading safety and intuitive features offered as standard across models." the company said in a statement.

Avenue Supermarts m-cap surges past Rs 50,000 cr mark

The scrip of newly-listed firm gained 3.33 percent to end at Rs 775.50 on BSE. During the day, it soared 7.5 percent to Rs 806.80./fmcg_consumerdurables_720-770x433.jpg" title="Avenue Supermarts m-cap surges past Rs50,000 cr mark", the operator of retail chain D-Mart, rose by 7.5 percent in intra-day trade today, helping its market valuation surge past Rs 50,000 crore mark.The scrip of newly-listed firm gained 3.33 percent to end at Rs 775.50 on BSE. During the day, it soared 7.5 percent to Rs 806.80.At intra-day high level, the company's market valuation rose to Rs 50,351 crore but later pared some of the gains and its m-cap stood at Rs 48,397.75 crore at close.On NSE, shares of the company jumped 3 percent to settle at Rs 774.10.In terms of volume, 26 lakh shares of the company were traded on BSE and over one crore shares changed hands at NSE during the day.

March CPI inflation makes August rate cut case stronger: BofAML
 
According to the global financial services major, inflation risks are overdone and noted that food inflation is coming off while El Nino is a swing factor and commodity prices are likely to stabilise in 2017, reducing the pressure on imported inflation.CPI inflation is well within the RBI's 2-6 per cent mandate and the March number makes the case for a 25 bps rate cut in August even stronger, says a Bank of America Merrill Lynch (BofAML) report."We continue to expect the RBI MPC to cut policy rates 25 bps on August 3 after CPI inflation came in at a weak 3.8 per cent for March and industrial production contracted by 1.2 per cent for February," BofAML said in a research note.According to the global financial services major, inflation risks are overdone and noted that food inflation is coming off while El Nino is a swing factor and commodity prices are likely to stabilise in 2017, reducing the pressure on imported inflation.

Portfolio managers' assets up 18% to Rs 12.30 lakh cr in FY17

This also marks the sixth consecutive yearly rise in assets base of portfolio managers. Data prior to this period are not available with the Securities and Exchange Board of India (Sebi).

The assets handled by portfolio managers have surged by a staggering Rs 1.85 lakh crore to Rs 12.30 lakh crore at the end of the past fiscal, mainly on the back of increase in number of clients.This also marks the sixth consecutive yearly rise in assets base of portfolio managers. Data prior to this period are not available with the Securities and Exchange Board of India (Sebi).A portfolio manager is a body corporate who advises or directs or undertakes on behalf of the client, the management of a portfolio of securities or the funds of the client.

Tightening H1B visa norms a blessing in disguise for IT firms: Mohandas Pai

The present business model of Indian IT companies -- offshore-onsite work ratio of 70:30 would now go up to 90:10, the former Chief Financial Officer of Infosys said.The tightening of H1-B work visa rules in the US would be advantageous to Indian IT firms as they would shift more work offshore and also be in a position to improve their billing rate, says industry veteran T V Mohandas Pai.The present business model of Indian IT companies offshore-onsite work ratio of 70:30 would now go up to 90:10, the former Chief Financial Office."So, what will happen is they (Indian IT firms) will offshore more work and increase their competitiveness. They will do only ten percent work onsite, and 90 percent offshore," Pai told PTI."It can be done very easily for 70-80 percent of the business. It will improve their competitiveness and make them better," he said."The new H1-B regulations are very good for Indian IT, and bad for companies which try to use it for cheap labour. First of all, Indian IT is not cheap because what they bill to clients is USD 125,000 to USD 150,000 per year (for an onsite employee)," he said."The average pay is around USD 80,000-85,000 per year. They are unnecessarily getting a bad name, because some fly-by-night operators are trying to do body-shopping and spoil the name of the entire (Indian IT) industry," he said.The new regulations would play to the strength Indian IT companies because they have been reducing the number of H1-B visas they collected since 2014,

Demonetisation has given an extra boost towards digital finance: NITI Aayog
 
"If you look at the RBI (Reserve Bank of India) data on use of digital payments, there is a sharp rise in immediate aftermath of demonetisation. Now the figure has moderated a little" Nayyar said at MoneyTech, 2017.The government's massive currency culling exercise in November has given "extra boost" towards the movement of digital finance, Dhiraj Nayyar Officer on Special Duty and Head of Economics, Finance and Commerce at NITI Aayog said today."If you look at the RBI (Reserve Bank of India) data on use of digital payments, there is a sharp rise in the immediate aftermath of demonetisation. 

Alleged EVM tampering: Opposition parties to meet EC

The opposition leaders are demanding that VVPAT (paper trail of voting) be introduced in all future elections. The Congress has also been pushing for use of ballot papers instead of EVMs in upcoming elections in view of the alleged tampering.Opposition parties today decided to take up unitedly with the EC the issue of alleged EVM tampering in elections held in various states recently. Leaders of various opposition parties today met in Parliament and decided to jointly meet the Election Commission, demanding that their concerns on the issue be addressed.The opposition leaders are demanding that VVPAT (paper trail of voting) be introduced in all future elections. 

AIADMK factions using 'two leaves' symbol: EC not impressed

The Commission conveyed its "displeasure" to the V K Sasikala and O Panneerselvam factions and advised them not to repeat "such acts" in future.The warring factions of the AIADMK today faced the ire of the Election Commission for using the "two leaves" symbol of the party frozen by it.The Commission conveyed its "displeasure" to the V K Sasikala and O Panneerselvam factions and advised them not to repeat "such acts" in future.Recently, the Commission had frozen the AIADMK and its party symbol "two leaves" through an interim order following dispute between the two factions.As per the interim order, the two sides cannot use the name AIADMK or its poll symbol for the April 12 R K Nagar assembly bypoll which was necessitated due to the demise of J Jayalalithaa.It had allocated the party symbol "Hat" to All India Anna Dravid Munnetra Khazagam -- AIADMK (Amma). The other faction named All India Anna Dravid Munnetra Khazagam -- AIADMK (Puratchi Thalaivi Amma), was allotted the symbol "Electric Pole".

BJP confident of winning Meghalaya Assembly polls in 2018

BJP national vice president Avinash Rai Khanna today expressed optimism that his party will form a government in Meghalaya in 2018.BJP national vice president Avinash Rai Khanna on Friday expressed optimism that his party will form a government in Meghalaya in 2018.

"We will definitely form a new government in the state and for this, the policies of the Centre has to reach the grass root level," Khanna said while addressing BJP state leaders and party workers and urged party workers to start spreading the word about the good governance the Centre was doing under the leadership of Prime Minister Narendra Modi.On the recent violent incidents in the name of cow vigilantism, the BJP leader later on told reporters that nobody has the right to take law in their own hands.

Soybean prices to trade sideways today: Angel Commodities

According to Angel Commodities, Soybean April futures closed lower continues its range bound trade as demand and supply seems to be in balance.Soybean April futures closed lower continues its range bound trade as demand and supply seems to be in balance. The mills have procured large volumes of soybean earlier in the season at lower levels which helps in more competitive prices of meals for record exports. The supplies have been decreased drastically last week compared to previous week so as the demand. As per Agmarknet, arrivals of soybean during Mar 27 - Apr 1 were about 32,514 tonnes Vs 90,767 tonnes during previous week. CBOT soybean futures closed lower on Thursday due to profit booking after prices have rebound on fears of harvest delays in Argentina, along with China's return to the market after a holiday.  The soybean market is notably anticipating record production in Brazil which could dominate export trade in coming months and reduce U.S. export sales. As per USDA, net sales of 482,000 tonnes for 2016/2017 were down 29 % from the previous week and 11% from the prior 4 - week average.We expect Soybean prices to trade sideways on expectation of lower level buying and  good crushing demand.The views and investment tips expressed by investment experts/broking house strating agencies on  are their own, and not that of the website or its management.  advises users to check with certified experts before taking any investment decision

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UP to implement new industrial investment policy soon: Yogi Adityanath

 "The state government will solve problems pertaining to state entrepreneurs on priority. To attract investment and ensure establishment of industries a new industrial investment policy will be implemented soon", the CM said while addressing officers during presentation of Infrastructure and Industrial development department here yesterday.With a view to attract investors and establish industries in the state, Uttar Pradesh Chief Minister Yogi Adityanath has said it will soon implement new industrial investment policy."

The state government will solve problems pertaining to state entrepreneurs on priority. To attract investment and ensure establishment of industries a new industrial investment policy will be implemented soon", the CM said while addressing officers during presentation of Infrastructure and Industrial development department here yesterday"Single window system will be adopted to solve problems of investors. Land acquisition for Establishment of new industries should be done by taking farmers in confidence," he added.Emphasising on simplifying norms, the CM said rules and procedures should be simple and transparent, so that necessary clearance should be given in less time for setting up of industries.

Asking officers to work seriously on industrial development, the CM said it was necessary to "make atmosphere of investment in the state".On former Chief Minister Akhilesh Yadav's dream project Agra-Lucknow expressway, Yogi said the remaining work on this expressway should be completed by May, and work on Purvanchal Expressway should be carried forward.The CM asked officers to work on construction of airports at Agra, Jewar in Gautam Buddha Nagar, and decide on this to proceed further with the Centre.The CM also asked officers to see whether sick and closed units could again be started and made profitable. 

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Panel favours FY from January 1; govt examining recommendation

 Replying to questions in the Lok Sabha, he said disclosing the recommendations of the committee and the prima facie view of the government on it at this stage would be unfair as it may amount to pre-judging the issue.The government is examining the report of a committee which has recommended change in the financial year starting April 1, Finance Minister Arun Jaitley said today.Replying to questions in the Lok Sabha, he said disclosing the recommendations of the committee and the prima facie view of the government on it at this stage would be unfair as it may amount to pre-judging the issue.The committee is learnt to have recommended advancing the financial year and equating it with the calendar year from January Responding to supplementaries during Question Hour, he said since the move has various implications for the Centre, the states and various local bodies, it is necessary to have have wider consultations before arriving at a conclusion

Fight against corruption and black money will continue: Modi

Prime Minister Narendra Modi today said the fight against corruption and black money will continue.Prime Minister Narendra Modi today said the fight against corruption and black money will continue."Corruption and black money have destroyed the Indian democracy, eating into it like a termite. But due to your blessings, the fight against corruption and black money will continue," Modi said.During his interaction with some youths, the Prime Minister said the new generation wants to work with honesty and it is a good indication.Pointing out that it would be 75 years in 2022 since India got the Independence, Modi said if every person in the country takes a step ahead in all these five years, then the country would move at least 125 crore steps forward towards development.

Cash transactions proposed to be capped at Rs 2 lakh

Earlier, while presenting the Budget on February 1, Finance Minister Arun Jaitley had proposed the cap to be Rs 3 lakh with effect from AprilThe government on Tuesday moved a fresh proposal to cap cash transactions at Rs 2 lakh instead of Rs 3 lakh as provided in the Budget, as it introduced as many as 40 amendments to the Finance Bill in an "unprecedented move".

As the Finance Bill was taken up for consideration in the Lok Sabha, opposition parties like TMC, BJD and RSP protested against the introduction of the amendments to 40 Acts, saying it was being done in the form of "back-door entry"The amendments to the laws like Companies Act, Employees Provident Fund, Smuggling and Foreign Exchange Act, TRAI Act and Information Technology Act, have been moved with an aim of making the functioning of tribunals more efficient by merging the smaller ones and reducing their numbers from 40 to 12.

The objections by the opposition parties were overruled by Speaker Sumitra Mahajan who ruled that the 'incidental provisions' involved in the amendments constitute a 'Money Bill' and therefore can be considered as part of the FinanceBill.Among the amendments made to the Finance Bill was a provision to cap cash transaction at Rs 2 lakh.

India seeks investment from Aramco

 Abu Dhabi co in refinery, petchem projectIndia plans to set up a 60 million tonnes per annum (mtpa) coastal refinery in Maharashtra. Petroleum Minister Dharmendra Pradhan had last year said the government was keen to have foreign investment in the project.India is talking to Saudi Aramco and Abu Dhabi National Oil Company to invest here in refinery and petrochemical projects, Minister of Petroleum and Natural Gas Dharmendra Pradhan said on Thursday."We are talking to Aramco for a mega refinery project," Pradhan said when asked what kind of projects the global oil and gas majors were interested in. He was talking to reporters on the sidelines of Network18's Global Natural Resources Conclave.India plans to set up a 60 million tonnes per annum (mtpa) coastal refinery in Maharashtra. Pradhan had last year said the government was keen to have foreign investment in the project.He also said the government would soon start the second round of auction of discovered small fields.The government has so far awarded 31 'contract areas' under its 2016 auction of discovered small and marginal oil and gas fields that were surrendered 

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Railways get tough with food contractors violating norms

In its endeavour to provide quality and hygienic food to passengers, railways have developed and operationalised an institutionalised mechanism for monitoring of quality and hygiene of catering services through regular inspections at various levels to address catering complaints.Cracking down on errant caterers, railways have terminated a food contract and blacklisted 16 contractors besides collecting a fine of Rs 1.8 crore in 2,108 cases related to food complaints in the last one yearIn its endeavour to provide quality and hygienic food to passengers, railways have developed and operationalised an institutionalised mechanism for monitoring of quality and hygiene of catering services through regular inspections at various levels to address catering complaints

New industrial policy for UP soon; Cabinet sets up GoM

At the first cabinet meeting presided over by Chief Minister Yogi Adityanath, it was decided to set up a five- member group of ministers led by deputy chief minister Dinesh Sharma for studying industrial policies of other states so as to formulate the state's own policy for boosting investment, senior ministers Siddharth Nath Singh and Srikant Sharma said.New industrial policy for UP soon; Cabinet sets upThe Uttar Pradesh government decided to formulate a new industrial policy to attract more investment with a view to generating jobs in the state.At the first cabinet meeting presided over by Chief Minister Yogi Adityanath, it was decided to set up a five- member group of ministers led by deputy chief minister Dinesh Sharma for studying industrial policies of other states so as to formulate the state's own policy for boosting investment, senior ministers Siddharth Nath Singh and Srikant Sharma said.The GoM will visit other states and study the policies of Gujarat and Madhya Pradesh, among others, for preparing a policy to improve investments through single window system, they told media persons after the 90-minute meeting of the cabinet.

Artson Engineering, Nila Infrastructures up 4-7

Artson Engineering, Nila Infrastructures up 4-7% on order winNila Infrastructures has received work order from AMC towards construction of D.K. Patel hall at AhmedabadNila Infrastructures rose more than 4 percent and 7 percent intraday Wednesday on order win.Artson Engineering has received a contract of approximately Rs 12.50 crore from Tata Projects for the piping and mechanical works in the state of Maharashtra, India.Nila Infrastructures has received work order from AMC towards construction of D.K. Patel hall at Ahmedabad.With this company forays into yet another activity within Civic Urban Infrastructure.The project involves built up constriction of about 6000 square meters and shall be completed within 24 months at an envisaged cost of Rs 155.7 million.At 10:31 hrs Nila Infrastructures was quoting at Rs 18.05, up Rs 0.80, or 4.64 percent and Artson Engineering was quoting at Rs 50.40, up Rs 0.55, or 1.10 percent on the BSE

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