Business

Jagan’s legal notices to media on ED raids may not cut ice

Jagan’s legal notices to media on ED raids may not cut ice

0 on April 2, 2017, 9:15 am / in Business, Editor's Pick, General, Headlines

YSR Congress Party chief Jagan Mohan Reddy’s legal notice to three Telugu TV Channels may not really cut the ice, as they are based on Enforcement Directorate’s tweets and press release. Legal notices were issued on behalf of Jagan Mohan Reddy to ETV2, TV9 and ABN for carrying the news based on ED’s tweet on the raids on Saturday afternoon.  […]

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Jagan issues legal notices to ETV, ABN, TV9

Jagan issues legal notices to ETV, ABN, TV9

0 on April 2, 2017, 8:13 am / in Business, General, Media

YSR Congress Party chief Jagan Mohan Reddy has initiated legal action against three Telugu language channels ABN Andhra Jyothi, ETV and TV 9 for allegedly airing damaging content against Leader of Opposition in Andhra Pradesh Legislative Assembly ‘without verifying facts and failing to stick to the rule of objectivity’.  The reports were based on a tweet purportedly aired by Enforcement Directorate […]

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Patanjali may set up herbal and food park in Nellore

Patanjali may set up herbal and food park in Nellore

0 on January 31, 2017, 12:55 pm / in Business

Baba Ramdev’s Patanjali Group is mulling to expand their business activities to Andhra Pradesh at the earliest, and felt the Krishnapatnam industrial area seemed to be a well-developed, potential place for their future operations in the south. Baba Ramdev, along with Patanjali Ayurved Group Chief Executive Officer Acharya Balakrishna, visited the Krishnapatnam Port and surrounding industrial areas  on Monday to […]

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AP power sector gets Rs 60,000 cr from REC

AP power sector gets Rs 60,000 cr from REC

0 on January 31, 2017, 12:44 pm / in Business

The Central Government-owned Rural Electrification Corporation Ltd has inked three pacts to extend financial assistance of around Rs 60,000 crore to Andhra Pradesh.  “Memorandum of Understanding (MoU) signed by REC for extending financial assistance to the tune of Rs 60,000 crore in the state of Andhra Pradesh,” Rural Electrification Corp informed BSE today.  According to the statement, REC has signed three […]

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Davos visit cost Rs 8 crore: Nadella Manohar

Davos visit cost Rs 8 crore: Nadella Manohar

0 on January 23, 2017, 9:19 am / in Business, Politics

Congress Party leader and former assembly speaker Nadella Manohar demanded that the Chief Minister Chandrababu Naidu come out with details of investments to the state during the last two years. In a letter to the CM, Manohar pointed out that the Government claimed to have entered into agreements with several industrial houses for setting up plans and businesses in AP […]

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Forbes breakout talent Vivek Kopparthi

Forbes breakout talent Vivek Kopparthi

0 on January 5, 2017, 9:29 am / in Business, Editor's Pick

A Telugu Vivek Kopparthi has been selected by Forbes as one of the 600 of the brightest young entrepreneurs, breakout talents and change agents in 20 different sectors.The  27-year-old Vivek, a double Masters of Science from Arizona State University and Anna University, describes himself as ‘Engineer, Business Grad, Entrepreneur and a warrior in the game of life’. Vivek Kopparthi is the […]

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Andhra Bank reduces rates on housing loans

Andhra Bank reduces rates on housing loans

0 on January 4, 2017, 4:08 pm / in Business

Andhra Bank has reduced the interest rate on housing loans to 8.75 per cent from the existing 9.75 per cent up to Rs. 75 lakh. Above Rs. 75 lakh, the interest has been fixed at 8.85 per cent, down from the present 9.75 per cent per annum, according to a press release. The revised rates of interest will be applicable […]

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Patanjali Ayurveda does Rs 5,000 cr biz

Patanjali Ayurveda does Rs 5,000 cr biz

0 on January 2, 2017, 8:06 am / in Business

When Babas turn into businessmen, they can outshine even the most seasoned traders, as exemplified by Baba Ramdev. Patanjali Ayurveda, steered by Baba Ramdev, is giving big companies like ITC, Hindustand Unilever and Colgate a run for their money in India’s fast moving consumer goods (FMCG) market. The company which ambushed the market with ayurveda products registered a 146 per cent […]

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Unlimited local and STD calls for Rs 144

Unlimited local and STD calls for Rs 144

0 on December 31, 2016, 10:31 pm / in Business

BSNL on Saturday announced a new Rs 144 plan for its customers, competing with Reliance Jio. The plan offers unlimited local and STD calls to any network for a period of one month. It also comes with 300MB of free data usage, BSNL chairman and managing director Anupam Srivastava said in Chennai. The new plan would be available for both prepaid and […]

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Naidu bats for Aadhar Pay

0 on December 28, 2016, 8:25 pm / in Business

Andhra Pradesh Chief Minister Chandrababu Naidu is batting to reform the Aadhaar Enabled Payment System (AEPS) by introducing biometric machines.  “For AEPS or Aadhar Pay, only merchant must have smartphone, we need to just add biometric system. That way the consumer doesn’t need to have a smartphone for making payments,” Naidu said after a meeting of the Chief Minister’s Committee on demonetisation […]

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