Economy and Markets India financial markets shut on Feb 13

first_imgA man ties a balloon to the horns of a bull statue at the entrance of the Bombay Stock Exchange (BSE) while celebrating the Sensex index rising to over 30,000, in Mumbai, India April 26, 2017.Reuters fileAsian shares edged higher as Japanese equities joined the global rally following a holiday on Monday and after Wall Street extended rebound from last week’s steep fall.MSCI’s broadest index of Asia-Pacific shares outside Japan was up 0.3 percent after sliding to its lowest level since December 11 on Friday. U.S. rose for the second day on Monday after posting their biggest weekly drop in two years.Indian stocks, bonds and currency markets are closed on Tuesday for a public holiday and trading will resume on Wednesday.Economic data: Retail inflation slightly eased to 5.07 percent in January from a 17-month high in December but remained above the cebtral bank’s medium-term target of 4 percent. Separately, industrial output grew 7.1 percent in December compared with 6.2 percent forecast in a Reuters poll.Oil demand: Oil consumption in India rose 10.3 percent in January, its fourth straight monthly gain, powered by the improvement in road freight transport coupled with growing use of cars and scooters.Earnings: Companies announcing their results in this week include Bank of India, Britannia Industries, GAIL and Tata Power.last_img read more

2 Bangladeshis arrested in Indias Andhra Pradesh

2 Bangladeshis arrested in Indias Andhra Pradesh

first_imgMap of IndiaIndia’s Andhra Pradesh police have arrested two Bangladeshi nationals for allegedly supplying counterfeit American currency notes in the name of exchanging money, reports Outlook India.The arrestees are Mathovar Thofik and Munshi Mohammad Islam Pinto, hailing from Madaripur district of Bangladesh, said the Indian media on Monday.Quoting Andhra Pradesh’s district Kadapa sub-divisional police officer SK Masoom Basha, the Indian media said the accused also reportedly carried fake Aadhaar cards and passports. “They came to Kadapa a few days ago and contacted some persons in need of dollars,” the SDPO was quoted to have told.last_img read more

Jobseekers demand reform in quota system

Jobseekers demand reform in quota system

first_imgJobseekers stage demo at Shahbagh intersection demanding quota system reform on Sunday. Photo: Prothom AloSeveral hundred jobseekers on Sunday staged demonstrations in Dhaka city’s Shahbagh intersection, demanding that the quota system in public service be reformed.According to UNB, the demonstrators were graduates from different colleges and Dhaka University.They used separate banners, including General Students’ Rights Protection Mancha (Sadharon Chhatra Odhikar Sangrokkon Mancha), Titumir College Students (Titumir College Chhatrabrindo) and stood on the road stretching from Shahbagh intersection to TSC of Dhaka University at 10:20am.They were chanting slogans placing their five-point demands that include introduction of unified age limit in government jobs, review of quota system in government recruitment process, including Bangladesh Civil Services (BCS) examination, filling vacant posts from merit list if the candidates from quota are not found and fixation of 10 per cent quota instead of existing 56 per cent.Al Amin Niloy, a master’s degree student of Dhaka University’s History department, said their programme is neither against quota system nor against the government. “We’re actually demanding reform of the quota system in government jobs.”Huge law enforcers were deployed in the area as the demonstration was going on.Talking to UNB, deputy commissioner of Ramma Zone Maruf Hossain Sarker said, “We’ve requested the protesters to move towards Shaheed Minar to keep the area — from Shahbagh to TSC — free from gatherings.”Meanwhile, the demonstrators started leaving the Shahbagh area.last_img read more

Transat debuts new videos that highlight importance of sustainable tourism

Transat debuts new videos that highlight importance of sustainable tourism

first_imgTransat debuts new videos that highlight importance of sustainable tourism Share Tuesday, May 8, 2018 Posted by Tags: Transatcenter_img MONTREAL — Transat A.T. is continuing its efforts in promoting sustainable travel by producing two new videos that highlight eco-friendly measures done by both Transat and hoteliers.The new videos will be featured on its in-flight entertainment systems, online and via the company’s social media accounts.The video ‘Sustainable tourism – Transat’s hotel partners in action’ highlights exemplary practices by five of Transat’s hotelier partners in Mexico: Karisma Hotels & Resorts; Bahia Principe Hotels & Resorts; Barcelo Hotel Group; AMResorts; and Melia Hotels International. These initiatives cover all aspect of corporate social responsibility and environment stewardship, from reduced water and energy consumption to waste recycling, protection of natural environments and programs available to employees.“Marketing tourism products that consider the environment and local populations is one way that Transat promotes fair trade and responsible tourism,” said Annick Guérard, Chief Operating Officer, Transat. “Since 2012, we have highlighted hotels with Global Sustainable Tourism Council certification on our websites and in our brochures to help travellers make responsible purchase decisions, and we’re now doing so onboard our aircraft as well.”More news:  A new low for no-frills flying: easyJet assigns backless seat to passengerThe second video, titled ‘Environment – Air Transat’s fuel management initiatives’, profiles the fuel management program that Transat introduced in 2004 to improve performance and reduce greenhouse gas emissions from its aircraft. Considered one of the most innovative and rigorous programs of its kind, it includes measures implemented before takeoff as well as during and after every flight.<br /><span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span>These latest video vignettes are meant to complement Transat’s existing tools aimed at raising awareness of sustainable tourism, and are also part of the company’s process to obtain Travelife certification. Travelweek Group << Previous PostNext Post >>last_img read more