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Mumbai/New Delhi: India will soon give Reserve Bank of India (RBI) power to regulate housing finance companies (HFCs), which will almost certainly lead to the lenders facing stringent asset quality reviews, two sources with direct knowledge of the matter said. That could have major repercussions...

New Delhi: The country’s services sector activity in June contracted for the first time since May 2018 as weak sales, competitive pressures and unfavourable taxation hampered output, a monthly survey showed Wednesday. The IHS Markit India Services Business Activity Index fell to 49.6 in June,...

New Delhi: A tax on properties, jewellery, shares, fixed deposits (FDs), cash in bank inherited is likely in the upcoming Union Budget, official sources here said on Wednesday. The sources explained that the move would not be to raise resources but to demonstrate the government’s...

New Delhi: Indian entities that will supply US-origin technology components to Chinese telecom major Huawei may face penal action under American regulations, Union minister Ravi Shankar Prasad said in Parliament Wednesday. “Any Indian company which will act as a supplier of US-origin equipment, software, technology...

The tradition and rituals of Srimandir, the abode of Lord Jagannath, are unique among all religious institutions in the country. The servitors of the 12th century shrine perform several routine as well as special rituals in keeping with the tradition of Srimandir. Nagarjuna Besha of...

In Odisha, the Jagannath Temple has been a centre of learning, humanitarian values, culture and artistic excellence. Lives of people of Odisha have been so inextricably inter-woven with Lord Jagannath that it is not possible for them to hold a separate identity independent of their...

New Delhi: The tax department has extended by three months till July 31 the deadline for service providers with turnover of up to Rs 50 lakh to opt for the composition scheme and pay six per cent goods and services tax (GST). The GST Council,...

BHUBANESWAR: With the influx of lakhs of devotees for the majestic Rath Yatra, voluntary organisations have took it upon themselves to cater to visitors with basic amenities such as food and water without any cost. Erected just a few meters before the Jagannath Temple, long...

BHUBANESWAR: Youngsters have their own language or lingo to express themselves. Nowadays it’s more about lingos like ‘meeting up in the café,’ ‘going to the disc’ or ‘partying all night’ and Gen-X has it all queued up. While many get away from their parents’ prying...

Unlike other regional language film industries, like Bengali film industry, which has recently made good adventure movies for children like ‘Durgeshgorer’ and ‘Guptodhon’, Ollywood lags behind in terms of making children’s films  BHUBANESWAR: Films and movies are expected to inspire people and there are many...