Union Minister for Civil Aviation Ashok Gajapathi Raju has said that the Centre wants Air India to survive and does not mind who runs it as long as it serves the Indian people. Commenting on the issue, Civil Aviation Ashok Gajapathi Raju told the media, "If it is left like what it is, it is bound to die.... we want Air India to survive, we don't mind where it is, who runs it.
Encashing the growing demand for application-based cab services, the Railways is all set to provide space for such facility at about 500 major stations, eyeing an annual profit of Rs 300 crores, reported PTI.
Railway Minister Suresh Prabhu will unveil the new policy for app-based cab service next month along with providing parking space and kiosks near major stations. The Railways at
Size of modern retail in India in the top six retail markets is set to double and reach Rs 1,718 billion by 2019, says a research report as per the PTI. According to the Knight Frank India and Retailers Association of India (RAI) third edition of 'Think India. Think Connected Retail' report, modern retail channel is projected to reach Rs 1,718 billion by 2019 in the top six retail marke
Telecom regulator Trai has extended the last date for comments on the contentious Net neutrality by a month to March 15, reported PTI. Telecom operators and Internet-based companies have been at loggerheads on the issue which is linked to providing preferential access to select customers.
"On request from the stakeholders, the last date for receipt of written comments, if any, fr
In a major measure of relief to cardiac patients in India, the government on Tuesday fixed the ceiling price of coronary stents which are used to open up blocked arteries.
The National Pharmaceutical Pricing Authority, in a notification, put a ceiling price on drug eluting stents (DES) and bioresorbable stents at Rs 29,600, and that of bare metal stents at Rs 7,260, effective fr
Digital is not perceived only as a sales channel anymore as it has become a way of life, says a representative of Fossil Group, a brand that owns the franchisee of some sought after foreign labels like Michael Kors, Emporio Armani and Kate Spade.
The Indian e-commerce business is projecting a jump of upto $45 billion by 2021. Close to 240 million people are forecast to purchase produc
The strong payment security mechanism from the counterparty in the recently concluded auctions for 750 MW of solar projects in Rewa Solar Park, Madhya Pradesh, will enable fund raising at competitive rates, says India Ratings and Research (India Ratings). The agency believes that the reduced risk from the counterparty because of payment security mechanisms is one of the levers for the steep fal
India Ratings and Research (Ind-Ra) has said that it expects overall yield curves to stay elevated. The expectation is against a backdrop of evolving unfavourable global conditions and limited role by the Reserve Bank of India (RBI). However, the agency believes that the banking sector’s large appetite for government bonds will anchor interest rates in FY18.
The 10-year benchmar
PFC has raised Rs 2,551 crore by issuing bonds on private placement basis on BSE's electronic book mechanism, taking the total fund raising by companies to Rs 1.52 lakh crore since the launch of this platform last July. The BSE-BOND was launched on July 1 to facilitate online bidding for private placement of debt securities.
Since then, 53 companies have raised Rs 1,51,865 crore t
The Indian Railways has said that to enhance passengers safety and curb criminal activities onboard, train coaches will be fitted with automatic door locking mechanism soon. Under the new system to be controlled by train guard from his cabin, all doors will automatically open when a train arrives at station and close before it departs.
As per reports, incidents of passengers falling o
The Indian Government has said that Viability Gap Funding, which has been provided a budgetary support of Rs 550 crore, will support projects worth Rs 2,750 crore towards infrastructure building in 2017-18. The VGF was Rs 1,000 for the current fiscal. VGF of up to 20 per cent of the total project cost is provided under this scheme.
The Output-Outcome Framework for Schemes 2017-18 said
A TERI report has said that new capacity additions could all come from renewable sources like solar, wind and hydro power, but that is only after 2023-24, subject to cost competitiveness and the grid's ability to handle clean energy.
According to the Energy and Resources Institute report released by Power Minister Piyush Goyal, new power generation capacity could be all renewables
The Indian Government has said that the Environment Ministry is on board to consider extension of December 2017 deadline for coal-based thermal power plants to meet stricter emission norms. Commenting on the issue, Power Minister Piyush Goyal told the media, "I don't want that we import equipment (to meet deadline for meeting emission norms). We realised after discussions that it would
Internet of Things (IoT) units in India are expected to see a rapid 31-fold growth to reach 1.9 billion by 2020, Deloitte predicted on Monday, adding that the market value of IoT is expected to reach $9 billion by 2020.
IoT is going to be the next big thing for operators as India will rapidly grow into a hub for IoT solutions.
"With advances in reliability,
A court here on Monday framed charges against a Ranchi-based company Domco Private Limited and five individuals accused in a coal block allocation case.
Special Judge Bharat Parashar framed charges against Domco (earlier known Domco Smokeless Fuels Pvt. Ltd.) and its directors -- Binay Prakash, Vasant Diwakar Manjrekar and Parmananda Mondal -- and chartered accountants Manoj Kumar Gup
E-commerce major Snapdeal announced that it has received the ISO/IEC 27001:2013 certification making it among the few ecommerce companies in the country to do so, reported PTI. The ISO 27001 is the only auditable international standard which defines the requirements for an Information Security Management System to ensure that sufficient security controls are instituted within the certified orga