India, Vietnam to strengthen bilateral relations via cinema

Collaboration in the field of films, broadcasting and information dissemination would strengthen the ties between India and Vietnam, said M Venkaiah Naidu, Minister for Information & Broadcasting. During meeting with Vietnamese delegation led by Minister of Information and Communications, Government of Vietnam Truong Minh Tuan, Naidu said that, “Cooperation in the field of institution

India imposes 10 percent import duty on wheat - TV

NEW DELHI  - India has imposed 10 percent import duty on wheat, CNBC-TV18 news channel reported on Tuesday without citing sources, reinstating the tariff after a gap of nearly four month following big purchases from overseas in recent months.

India, the world's second-biggest wheat producer, lowered the import tax on the grain to 10 percent from 25 percent la

Dipping sales affecting refinancing of realty sector: India Ratings and Research

India Ratings and Research has said that falling sales have dimmed the hopes of cash-strapped real estate developers for refinancing their debt obligations in FY18. Commenting on the issue, an Ind-Ra Official told the media, “The sector has mainly relied on refinancing to meet debt servicing obligations given the negative cash flows, and is unlikely to witness a revival in sales in FY18 a

Centre delaying approval of DPR for Patna Metro: Minister

Bihar Urban Development and Housing Minister Maheshwar Hazari has accused the Centre with meting out step-motherly treatment to the state by not giving its in principle approval of DPR for Patna Metro, said media reports. Commenting on the issue, Bihar Urban Development and Housing Minister Maheshwar Hazari told the media, "It has been more than a year since the Patna Metro project's D

Government to tweak norms to deal with unruly fliers: Reports

The Indian Government has said that it is planning to tweak the norms to deal with unruly fliers as it looks to provide more clarity on regulatory powers amid debate on airlines barring an MP from flying for assaulting an Air India staff. As per reports, while aviation regulator DGCA has guidelines in place to deal with unruly passengers, there is no specific mention about the possibility of ba

Railways undertakes IT initiative for faster data analysis: Reports

The Indian Railways has said that it has undertaken a major IT initiative for an integrated software which can optimise about Rs 50,000 crore for the national carrier over the years. As per reports, the integrated software IR-OneICT, a first-of-its-kind for Railways, will enable data collection at sources with minimum handling and become a single source of validated and authentic information fo

BDL, L&T sign MoU for export of torpedoes

Bharat Dynamics Ltd (BDL), a defence public sector undertaking, on Monday signed an MoU with Larsen & Toubro (L&T) for export of torpedoes, a defence statement said.

The torpedoes are designed and developed at Naval Science and Technological Laboratory (NSTL), Visakhaptnam and manufactured by BDL.

BDL Chairman and Managing Director V. Udaya Bhaskar and L&T's

Over 24 cos want to collaborate with India Post Payments Bank

There are many companies who have approached the Department of Posts for collaboration with India Post Payments Bank, the government has said on Monday. In reply to a question in Rajya Sabha, the Minister of Communications, Manoj Sinha said that while the Department is in various stages of discussions with them, decision on formal partnerships will be taken after carefully evaluating the entire

LEDs to cut CO2 by 80 mn tonnes a year, save Rs 40,000 cr power

The government's promotion of light emitting diodes (LED) will help reduce carbon dioxide emissions by 80 million tonnes per annum and save around Rs 40,000 crore in power bills annually, Power Minister Piyush Goyal said on Monday.

"The LED project, where the government is replacing the lighting load of the country with LEDs, will reduce carbon dioxide emissions by 80 million

Most equity-based MFs underperform in last 1-yr: S&P Dow Jones

In terms of returns to investors, most of the equity focused mutual funds in the country have underperformed their respective benchmark S&P BSE indices, for one year ended December 2016, says a report according to the PTI The analysis is part of S&P Dow Jones Indices' scorecard SPIVA which tracks the performance of actively managed Indian mutual funds against their benchmarks over t

26 companies want to collaborate with India Post Payments Bank

Communications Minister Manoj Sinha on Monday said 26 banking and non-banking companies have shown interest to collaborate with India Post Payments Bank.

"The Department is in various stages of discussions with them. A decision on formal partnerships will be taken after carefully evaluating the entire value proposition they propose for the common man," Sinha said in a reply

Government's big solar push could run into land hurdle

The Union cabinet decided last month to double India's solar power generation capacity, from 20 GW to 40 GW, by setting up 50 solar parks, which are solar projects with a capacity of 500 MW or more concentrated in one area. But this additional 20 GW would mean acquisition of at least 80,000 acres of land, thrice Jaipur's area, and possibly a problematic move in a land-starved country.

IREDA to sanction Rs 13,000 cr for clean energy projects

State-run Indian Renewable Energy Development Agency (IREDA) has said that it will sanction Rs 13,000 crore for clean energy projects next fiscal in the country, vying for around 20 per cent of the loan market share.

As per reports, with the government aiming at adding around 15 to 16 GW of clean energy projects, including solar and wind, there would be total credit market size of aro

Government shouldn`t cap iron ore prices: FIMI

Miners' body FIMI has said that capping iron ore prices by the government could prove fatal for the industry at a time when there are signs of turnaround. As per reports, India's iron ore output is projected to grow to about 170 million tonnes (MT) this fiscal despite ban and has surged 27 per cent to 154.48 MT during April-January as against 122 MT in the same period of 2015-16.

'India's media industry got Rs 19k cr in FDI in 15 years'

India's media industry received about Rs 19,197.30 crore in FDI from April 2000 to February 2015, amounting to about 10 per cent of the industry's size, according to a new book called "India's Changing Media Landscape", reported PTI. The book analyses the emerging trends of the media industry in the country after it was opened up for foreign investment and the economic lib

Railways to have integrated software for instant data collection

The railways is firming up an integrated software, a first-of-its-kind for the national carrier, for data collection in fastest possible time, reported PTI. Various functions of the railways such as passenger reservation, movement of goods trains and asset management will be brought within the ambit of the software.

Named as 'One ICT', the sophisticated software would cost abo

Four startups from T-Hub bags global awards

Four startups from T-Hub, one of the largest start-up ecosystem builders in India, have bagged global awards, a statement said on Saturday.

Hug Innovations, Loop Reality, AuthBase and Kheyti have received prestigious awards and recognitions in competitions held exclusively to identify emerging start-ups in the country, the T-Hub said in a statement.

T-Hub, which has over 2,0

'Indian chemical industry to surge to $226 bn in three years'

The Indian chemical industry is expected to surge to $226 billion by 2020, up by nearly 35 percent from $147 billion in 2015, Commerce Minister Nirmala Sitharaman said here on Friday.

Though exports have declined to 7.8 percent from $12.66 billion in 2014-2015 to $11.67 billion in 2015-2016 in value terms, in terms of volumes, they notched a remarkable growth of 7.51 percent from 52.9

Competition Commission imposes Rs 591 cr penalty on Coal India

The Competition Commission of India (CCI) has imposed penalty of Rs 591.01 crore on Coal India Limited (CIL) for abusing its dominant position, an official statement said on Friday.

"CCI has found CIL and its subsidiaries to be in contravention of the provisions of the Competition Act, 2002 for imposing unfair/discriminatory conditions in Fuel Supply Agreements (FSAs) with the po

EXCLUSIVE: Short of track, Indian Railways eyes private suppliers in blow to state steel firm

By Neha Dasgupta and Tommy Wilkes

NEW DELHI - Indian Railways is considering ending state-owned Steel Authority of India Ltd's (SAIL) virtual monopoly on supplying steel for standard rail tracks, opening up annual purchases worth up to $700 million to the private sector, people close to the matter told Reuters.

The vast state rail operator is undergoing

`India to acquire at least 60 Airbus C-295 transport aircraft`

The Indian Air Force (IAF) is set to begin contract negotiations for acquiring 56 Airbus C-295 transport aircraft as replacements for its ageing Avro HS-748 aircraft.

According to the Chief of Air Staff, Air Chief Marshal B.S. Dhanoa, due attention is being paid to all assets of IAF, fighters and transporters included, and that "contract negotiations for 56 C-295 aircraft

India could join Asian nations in procuring LNG - oil minister

NEW DELHI  - India does not rule out the possibility of joining China, Japan and Korea to jointly buy liquefied natural gas (LNG) as part of efforts to extract better deals, Oil Minister Dharmendra Pradhan said on Friday.

Pradhan said the market was gradually becoming more consumer-centric.

The world's biggest liquefied natural gas (LNG) buyers, all

Digital technology to accelerate business growth: Study

Adoption of advanced business digital technologies can lead to increase in revenues by up to 27 per cent, increase in employment by up to 84 per cent, and enhanced access to international markets by up to 65 per cent for small and medium businesses (SMBs), said a joint study by Assocham-Deloitte.

"Digital infrastructure can also help leveraging technologies like telepresence that

TRAI rejects Telecom Commission's contention on promo tariffs

Telecom regulator TRAI has rejected Telecom Commission's contention that free promotional offers allowed by it are responsible for the industry's falling financial health and lower licence fee payments to the government, reported PTI. TRAI is drafting a response to Telecom Commission's letter dated February 23 on the lines that tariff and tariff orders, solely under the regulator

Mutual Funds' exposure to bank stocks hit record Rs 1.2 lakh cr in February end

Mutual Fund managers seem to be bullish on bank shares as they raised their allocation in the sector to an all time-high of over Rs 1.2 lakh crore at the end of February, primarily on account of cheaper valuations, reported PTI. In comparison, fund managers had allocated Rs 71,864 crore for bank shares in the year-ago period.

"We could be getting close to the bottom of the NPAs (