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Even Bhutan beat India in economic freedom!

India has slipped by 10 positions to 112th, out of 159 countries and territories, as it “fared badly” across categories including legal system and regulation, according to the Economic Freedom of the World: 2016 Annual Report. Although China, Bangladesh and Pakistan lagged behind India at 113th, 121st and 133th ranks respectively, Bhutan (78), Nepal (108) and Sri Lanka (111) were Read More

Govt cuts prices of 10 drugs, brings 8 more under control

The government has slashed prices of 10 more drugs while bringing eight new medicines, including paracetamol, under price control for the first time in its bid to cap cost of over 800 plus formulations to make them affordable. Drug price regulator NPPA has reduced the prices of ten drugs, including of anti-coagulant enoxaparin and anti- epilepsy drug carbamazepine, in the Read More

RIL, HDFC Bank pay more advance tax in Q2

Bogged down by rising non-performing assets, State Bank of India (SBI), the country’s largest lender, on Thursday reported a 25.9 per cent decline in its advance tax payment for Q2 FY17. The bank paid Rs 1,200 crore (Rs 12 billion) as advance tax, compared with Rs 1,620 crore (Rs 16.20 billion) in the corresponding period last year. Private lender ICICI Read More

Is more consolidation likely in telecom sector?

Events such as the merger of Reliance Communications (R-Com) and Aircel, entry of Reliance Industries via the launch of its telecom venture – Reliance Jio (RJio) – with its aggressive tariff structure, upcoming spectrum auction, issues related to call drops and points of interconnect have kept the sector buzzing over the past few months. However, that has not been the Read More

Guess who imports the maximum amount of Scotch wiskey?

India has emerged as one of the world’s fastest growing import markets for Scotch whisky, a trade body said, on Friday, while seeking urgent help from the UK government to bring down India’s “exorbitant” 150 per cent customs duty on liquor. The Scotch Whisky Association (SWA) revealed the amount of Scotch whisky sold overseas increased for the first time since Read More

Patanjali moves high court against ad regulatory body

After indicating  in July that it would take legal action against the Advertising Standards Council of India (ASCI), the country’s apex regulatory body for advertising, Patanjali Ayurved, founded by ‘Baba’ Ramdev and his deputy Balkrishna, has petitioned the high court in Mumbai. On August 19, the Haridwar-based company filed a defamation suit and a notice of a motion seeking interim Read More

Style diaries: Esha wows; Richa fails

The GOOD IMAGE: Amy Jackson took street style to a new level! Putting on a fiery red bomber jacket from Adidas with a white tank top underneath and a pair of patchwork jeans from Koovs, she rocked the saucy look. Her braided hair upped the edgy quotient.  Photograph: Kind courtesy Amy Jackson/Instagram IMAGE: Victoria’s Secret model Taylor Hill showed her fans Read More

Review: Pink, a film that must be championed

An old man stares ferociously at a girl in the park. The girl — white Apple earbuds in place, out on a jog, sweaty and out of breath as she does her stretches — stares back, unblinking. She looks wary of the stare but not afraid of it. It is an uncomfortable moment with the starer boring a hole with Read More

NZ opener Latham happy with the batting practice in warm-up

The pitch laid out for the tie at Kotla did not offer turn on day one, but the one for the first Test beginning September 22, in Kanpur, is expected to assist India’s quality spinners. Latham, who showed promise with a solid 55 on Friday, said there was no point worrying about the conditions in the Test series. “All we Read More

2016 Toyota Fortuner to be in India by end-Nov

Overdrive reports that Toyota Kirloskar Motor will launch the next generation 2016 Toyota Fortuner in India in the first week of November. This is reported to be a confirmation from the manufacturer themselves. The exterior features an all new styling comprising of sharp lines and contemporary elements that make the Fortuner look bolder than ever. The new Fortuner is 90 Read More