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Telecom panel favours TRAI decision on spectrum base price
Published on Saturday, April 30, 2016 5:42 PM

 The Telecom Commission on Saturday decided to go ahead with the sector regulator's recommendations base price for all spectrum, including 700 MHz band airwave, in the upcoming auction, according to an official source.

Going by the base price recommended by the Telecom Regulatory Authority of India (TRAI), and the qu ...

Telecom panel favours TRAI decision on spectrum base price
107638
India's forex increased marginally to $361 bn
Published on Saturday, April 30, 2016 4:58 PM

 India's foreign exchange reserves increased marginally to $361.60 billion as on April 22, 2016, the Reserve Bank of India (RBI) said.

According to RBI's forex data the reserves stood at $361.60 billion as on April 22 against $360.25 billion for the week ended April 15, 2016.

As an April 22, fore ...

India's forex increased marginally to $361 bn
107627
India will add over 10,000 MW solar energy this fiscal: Goyal
Published on Saturday, April 30, 2016 11:40 AM

India will achieve the target for adding 10,500 MW solar power capacity in the current fiscal, New and Renewable Energy Minister Piyush Goyal said on Friday.

"The way things are progressing in solar energy sector, we will definitely achieve our target. Solar energy is economically viable," he said at the Concentrate ...

India will add over 10,000 MW solar energy this fiscal: Goyal
107586
Government to conduct special audit of telcos: Prasad
Published on Saturday, April 30, 2016 11:10 AM

The government will conduct special audit of telecom companies for three subsequent financial years 2008-09, 2009-10 and 2010-11, parliament was informed on Friday.

“Government has decided to conduct Special Audit for three subsequent financial years 2008-09, 2009-10 and 2010-11. The process is under way,” Communi ...

Government to conduct special audit of telcos: Prasad
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Owner of IndiGo airline posts 53 percent rise in annual profit
Published on Saturday, April 30, 2016 10:35 AM

NEW DELHI  - InterGlobe Aviation, owner of Indian airline IndiGo, reported on Friday a 53 percent jump in full-year net profit to 19.9 billion rupees ($299.9 million), helped by the rapid growth of revenue at its budget carrier.

IndiGo is India's largest airline, flying about one in three passengers ...

Owner of IndiGo airline posts 53 percent rise in annual profit
107567
Retail will be growth driver for manufacturing, warehousing: Official
Published on Friday, April 29, 2016 6:11 PM

 The retail industry will prove to be a huge growth driver for the warehousing as well as manufacturing industries in the future and social media is playing a big role in this, a top government official said here on Friday.

"There is a huge growth in the Indian retail and e-retail sector. The retail industry will pr ...

Retail will be growth driver for manufacturing, warehousing: Official
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National Stock Exchange nominates new chairman, sources say
Published on Friday, April 29, 2016 6:04 PM

MUMBAI - The National Stock Exchange (NSE) has nominated Ashok Chawla, the former head of the Competition Commission of India, to become its new chairman, three sources close to the matter told Reuters.

The nomination comes after NSE said on April 6 that S.B. Mathur had stepped down as chairman after completi ...

National Stock Exchange nominates new chairman, sources say
107559
Reliance March oil imports up 22 percent year-on-year - trade
Published on Friday, April 29, 2016 6:13 PM

NEW DELHI - Reliance Industries , owner of the world's biggest refining complex, shipped in 22 percent more oil in March compared with last year, when its imports were less due to maintenance shutdown of a few units at its 660,000-barrels-per-day (bpd) refinery, according to tanker arrival data from trade sources and ship ...

Reliance March oil imports up 22 percent year-on-year - trade
107554
Will finalise cooperation in railways with US officials: Suresh Prabhu
Published on Friday, April 29, 2016 5:18 PM

Railway Minister Suresh Prabhu on Friday said he will meet US transport officials next month to finalise areas of cooperation between the two countries in the railway sector.

"I had fruitful discussions with the US Secretary of Transport during my last visit to the US and they were keen on engaging with India in the rail ...

Will finalise cooperation in railways with US officials: Suresh Prabhu
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