Two and three wheeler`s sales inch up in March

Major two- and three-wheeler manufacturers on Monday reported a marginal increase in sales for March 2017.

"The impact of demonetisation is now over. The new launches are attracting customers to the dealership and significant discounts on BS-III vehicles over the last few days have improved the performance, especially the two-wheelers and commercial vehicles segment," said A

Adani Group meets Amarinder, wants to invest in Punjab

The Adani Group has shown interet in investing in Punjab and the companies' top functionaries met Chief Minister Amarinder Singh here on Monday to pursue the matter, officials said.

Adani Group president and chairman of several key companies of the Gujarat-based group, Pranav V. Adani met Amarinder Singh here to discuss possible areas of investment in Punjab.

The Adani G

BS-III vehicles ban to cost auto cos nearly Rs 3k cr: Crisil

The ban on BS-III vehicles imposed by the Supreme Court will cost commercial vehicle and two-wheeler makers nearly Rs 3,000 crore, according to market research firm Crisil, reported PTI. In a report, Crisil Research said the ban would also result in commercial vehicle makers taking a hit of up to Rs 2,500 crore while the same for two-wheeler makers could be Rs 460-480 crore. It said commercial

Works worth Rs 7000 cr to be started in 2 years in Jammu and Kashmir: Nitin Gadkari

Union minister Nitin Gadkari said work on projects worth Rs 7,000 crore would be started by the Ministry of Road Transport and Highways in the next two years in Jammu and Kashmir, reported PTI. "I want to assure you that in coming two years we will start works worth Rs 7,000 crore in the state," he said at a rally after the inauguration of Asia's longest road tunnel on the Jammu-S

Prime Minister dedicates Chenani-Nashri tunnel in Jammu & Kashmir

The Prime Minister Narendra Modi dedicated India’s longest highways tunnel - the Chenani- Nashri tunnel in Jammu & Kashmir- to the nation on Sunday. Speaking on the occasion he said that the tunnel will not only reduce the distance between Jammu and Srinagar, but will also promote tourism in the valley, open up employment opportunities for the youth and give a boost to development in

India following policy of `Act East` to boost relations with SASEC nations: Fiinance Ministe`

Union Minister of Finance Arun Jaitley on Monday said that India is following a policy of ‘Act East’ to improve connectivity and relations with countries of South East Asia and East Asia. Our policy will definitely receive a fillip with Myanmar’s participation in SASEC. In a meeting with the Finance Ministers of the South Asia Subregional Economic Cooperation (SASEC) countries

Subsidised LPG hiked by Rs 5.5, ATF price cut by 5%

Aviation turbine fuel (ATF) price has been cut by over 5 per cent, reversing a two-month rising trend, while rates of subsidised LPG were hiked by Rs 5.57 per cylinder. Also, the rate of non-subsidised cooking gas (LPG) has been cut by Rs 14.50 per cylinder in line with international trends.

Price of jet fuel or ATF was cut by Rs 2,811.38 per kilolitre, or 5.1 per cent, to Rs 51,428 p

Mutual funds add 67 lakh folios on higher retail participation

Mutual fund houses have registered a surge of over 67 lakh investor accounts during the first 11 months of the just-ended financial year, taking the total tally to a record 5.4 crore on growing interest of retail investors. This has already topped 59 lakh folios additions made in 2015-16. In the last two years, investor accounts have increased following robust contribution from smaller towns.

Government gives green nod to power project in Uttar Pradesh: Reports

The Indian Government has said that it has given green nod for setting up 1,320 MW coal-based super critical Khurja Thermal Power Project at a cost of Rs 9,747.5 crore in Bulandshahar district, Uttar Pradesh. As per reports, the proposed project to be implemented by state-run THDC India Ltd (THDCIL) along with the UP government will address the electricity shortage being faced in northern India

Railways adds 70 mn more passengers in 2016-17: Reports

The Indian Railways has said that it has achieved positive growth for the 2016-17 fiscal with 70 million more passengers travelling in trains than last year, breaking a five-year jinx of negative growth in the passenger sector. Commenting on the issue, Railway Board Member (Traffic) Mohd Jamshed told the media, “Since 2012, booking of passenger tickets had witnessed a decline due to vario

Power Ministry achieves new milestone by electrifying 13,000 villages

The Indian Government has said that Power Ministry achieved the milestone of electrifying 13,000 unelectrified villages against a target of providing electricity to 18,452 such settlements by 2018 as envisaged by Prime Minister Narendra Modi. Commenting on the issue, a Power Ministry Official told the media, "Out of 18,452 villages, over 13,000 villages have been electrified as on date.&qu

Par panel asks Rlys to speed up station redevelopment projects

A parliamentary committee has expressed concern that no land and airspace in and around the stations have so far been commercially developed as part of the station redevelopment programme, reported PTI. Railway Convention Committee (RCC) in its latest report has asked the Railways to look into the matter with a sense of urgency so as to ensure that the station redevelopment programme as announc

Solar capacity to increase 7.5 GW in FY18: ICRA

ICRA has said that given the number of projects awarded under the National Solar Mission (NSM) and the state policy route in the past 12-18 months, solar capacity addition is expected to increase up to 7.5 GW in FY18.

According to the ratings agency, the solar capacity addition is expected to increase from 3.5-4 GW in FY17 to at least 7-7.5 GW (in grid connected utility segment) in FY

Railways to double no. of electrified tracks in 5 yrs: Government

The Indian Government has said that the Railways has electrified 48 per cent of the country's tracks and intends to double the same in the next five years. Commenting on the issue, Railways Minister Suresh Prabhu told the media, "Electrification has the highest pay-back. The amount of electrification that we have done so far, we will be doubling the same in the next five years as it wi

Government working on policy to increase freight revenues: Minister

The Indian Government has said that it is working on a long-term policy with lock-in contracts especially for cargo to help increase and diversify freight revenues. Commenting on the issue, Railway Minister Suresh Prabhu told the media, “Efforts were on to complete the dedicated freight corridor by 2019 as it has fast-tracked work on it by awarding contracts worth Rs 24,000 crore.”<

Government approves five SEZ proposals

The government has cleared 5 proposals for setting up IT special economic zones (SEZs), including those of Oracle India and L&T Construction Equipment, said the media reports. The Board of Approval (BoA), chaired by Commerce Secretary Rita Teaotia, had granted approval to these SEZs at its meeting on March 8. According to the minutes of the meeting, Oracle India has proposed to set up IT an

India adds record 5,400MW wind power in FY’17: Government

Ministry of New and Renewable Energy (MNRE) has set another record in the wind power capacity addition by adding over 5400 MW in 2016-17 against the target of 4000 MW, according to an official statement. “This year’s achievement surpassed the previous higher capacity addition of 3.423 MW achieved in the previous year,” said MNRE in a press release.

The leading States

Jaitley, Kamath discuss BRICS Bank's India projects

Finance Minister Arun Jaitley has discussed various issues at a meeting here with the New Development Bank (NDB) President K.V. Kamath, including the issuance of Masala Bonds and future plans of the bank created by BRICS nations, an official statement said on Sunday.

The meeting took place on Saturday, on the sidelines of the three-day NDB second annual meeting here of its Board of Go

10,000 Maharashtra trucks stop plying to south India

Around 10,000 trucks in Maharashtra have stopped plying to south Indian states in support of the strike by truckers there against the sharp increase in third-party insurance premium.

Maharashtra State Truck/Tempo/Tanker/Bus Transporters Confederation Senior Vice-President Raman Khosla told IANS: "We are fully in support of our brethren on strike and so we are not sending any vehi

ED raids 110 shell companies

The Enforcement Directorate on Saturday conducted simultaneous raids on 110 shell companies across the country, an official said.

According to an ED official, these companies were suspected to be involved in dubious and illegal transactions during demonetisation.

"Several top business houses being searched in various cities such as Mumbai, Delhi, Chennai, Bengaluru and

ATMs, Credit, debit cards set to disappear: Niti Aayog CEO

With India embracing applications of technologies at an accelerated pace, digital transactions will be done through mobile wallets and biometric modes and credit and debit cards as also ATMs were set to disappear, Niti Aayog CEO Amitabh Kant has said.

"Technology will be a key driver of India's growth," Kant said while launching the Trade and Investment Facilitation Serv

Fate of truckers strike depends on IRDAI meeting on Monday

The striking truck owners will decide on Monday whether or not to continue their strike after a meeting with the Chairman of Insurance Regulatory and Development Authority of India (IRDAI), said an official of All India Motor Transport Congress (AIMTC).

"One of the reasons for going on strike is the drastic 50 per cent increase in the third party premium charged for trucks by the

India cuts natural gas price to $2.48 per unit

India on Friday marginally cut the natural gas price paid to producers to $2.48 per million British thermal unit (mbtu), according to an official notification.

"The price of domestic natural gas for the period April 1, 2017 to October 31, 2017 is $2.48 per mbtu on Gross Calorific Value (GCV) basis," a Petroleum Planning and Analysis Cell notification said.

The gas

Kudankulam n-plant unit 2 begins warranty operation

The second 1,000 MW atomic power reactor at the Kundankulam Nuclear Power Project (KNPP) in Tamil Nadu has begun its one-year period of warranty operation, which is the first step towards the commercial operation of the unit, the Russian builders announced on Friday.

"As of today (Friday), the Unit 2 of the KNPP in India is under the warranty of its general designer and the suppl

Hasten transmission projects to meet summer power demand: Government

The Central government on Friday urged the state utilities to hasten the process of completion of transmission projects in the pipeline in order to meet the power demand in the coming summer, an official statement said.

According to the Power Ministry, the all India peak demand during the upcoming summer is expected to be of the order of 165 GW.

"Certain states may expe