DGCA selective in enforcing rules on post-flight breath analysis: ICPA

An Air India pilots union on Monday accused the civil aviation regulator of being selective in enforcing its mandatory post-flight breath analysis test for crew manning international flights.

"We have come to know that DGCA is contemplating suspending licences of 132 pilots and 400 cabin crew," General Secretary of Indian Commercial Pilots' Association (ICPA) Captain T.

Fares of high-speed bullet train to be reasonable: Min

Railway Minister Piyush Goyal has said that the fare of the high-speed bullet train would be affordable for all. As per reports, Prime Minister Narendra Modi and Prime Minister of Japan Shinzo Abe are scheduled to lay the foundation stone of the much-anticipated bullet train project on September 14. Commenting on the issue, Railway Minister Piyush Goyal told the media, "We will certainly k

Petrol at Rs 79/litre in Mumbai at highest since August 2014

The Indian basket of imported crude oils gained nearly $3.50 a barrel during last week even as petrol prices in the country touched their highest levels since Prime Minister Narendra Modi assumed office three years ago, official data showed on Monday.

The Indian basket, comprising 73 per cent sour-grade Dubai and Oman crudes, and the balance in sweet-grade Brent, closed trade on the w

Government to start working on 17 highways-cum-airstrips: Minister

The Indian Government has said that making e-autorickshaws a common in rural India, creating a water grid that is on par with power grid and constructing 17 highways-cum-airstrips are it's priorities and it will start work on them this year. Commenting on the issue, Union Minister Nitin Gadkari told the media, "Public transport on electric mode is the dire need now. We are bringing a p

New norms for solar projects bidding good for sector: ICRA

Ratings agency ICRA today said that new bidding guidelines for solar power projects are positive for the sector and address key concerns such as grid curtailment and termination payments. The recent notification of bidding guidelines by the government for the award of solar power projects is a positive development for the sector, ICRA said in a statement. The guidelines address some of the key

Equity Mutual Funds inflows at record Rs 20K-cr in August

Equity mutual funds registered a record inflow of Rs 20,362 crore in August on strong participation from retail investors and steps taken by markets regulator Sebi to create awareness about such investment products. This also marks the seventeenth straight month of inflows into equity schemes. Prior to that, such funds had witnessed a pullout of Rs 1,370 crore in March 2016. The strong inflows

Remove all unmanned level crossings within a year: Minister

The Railway Minister Piyush Goyal has said that the target of removing all unmanned level crossings could be achieved within a year, instead of the initial goal of doing it in three years. Commenting on the issue, Railway Minister Piyush Goyal told the media, "Initially, the Railways had a target of removing all unmanned crossings in three years. But, I told them, why not do it within a ye

Supreme Court directs Jaypee Associates to deposit Rs 2,000 cr

The Supreme Court on Monday directed Jaypee Associates to deposit Rs 2,000 crore with its registrar in pursuance of the ongoing insolvency proceedings against its sister concern Jaypee Infratech.

A bench of Chief Justice Dipak Misra, Justice A.M. Khanwilkar and Justice D.Y. Chandrachud directed that the amount should be deposited by October 27.

Putting the matter up for next

Defence ties high on agenda during Belarus President`s India trip

India and Belarus are expected to ramp up their bilateral cooperations, including in defence and security, as Alexander Lukashenko, the President of the eastern European country, arrives on a two-day visit to New Delhi on Monday.

The visit takes place in a year when Belarus and India are celebrating the 25th anniversary of the establishment of diplomatic relations.

During th

Car sales up 11.8%; passenger vehicle rise 13.76% in Aug

Domestic passenger vehicle sales grew 13.76 per cent to 2,94,335 units in August from 2,58,737 units in the same month last year. Car sales were up 11.8 per cent to 1,98,811 units as against 1,77,829 units in August last year, according to data released by the Society of Indian Automobile Manufacturers (SIAM). Motorcycle sales last month jumped by 12.93 per cent to 11,35,699 units as against 10

Countervailing duty may provide relief to stainless steel ind

The government's decision to impose countervailing duty on certain stainless steel products is expected to provide some relief to the domestic industry as imports from China will be subjected to 18.95 per cent levy on the landed value of such items, industry leaders said as per the PTI report. The government has imposed countervailing duty on certain stainless steel products which will go a

Trai bats for new landline service permit at district level

Telecom regulator Trai recommended the government to issue a new licence in the virtual network operator (VNO) category for landline service at the district level, reported PTI. The Telecom Regulatory Authority of India (Trai) has suggested the present licence of VNOs may be amended to enable to allow them use fixed line network of various telecom operators for providing the Electronic Private

Telecom Commission defers decision on IMG proposals, to meet soon

The Telecom Commission put off a decision on measures to provide relief to the stressed industry as it sought more details on some of the suggestions, including deferred spectrum payment liability, from the inter-ministerial group, according to a senior official. The IMG is expected to revert with details on the clarifications sought "at the earliest", and the Telecom Commission will

General insurers can sell motor cover via dealers sans tie-ups

In a bid to offer more choices to customers, regulator Irdai has allowed all general insurers to sell motor cover policies through auto dealer networks by offering differential pricing, reported PTI. The move, under the new guidelines will offer customers choices in terms of pricing apart from increase competition among insurers to offer best price to customers. Earlier, it was mandatory for a

CCI to study pricing, biz practices in healthcare sector

Fair trade regulator CCI plans to carry out a detailed study on pharmaceutical and healthcare segments, including differential pricing ways, as it looks to identify areas that pose competition concerns, reported PTI. The proposal, mooted by the regulator, comes amid concerns over anti-competitive practices in the pharmaceutical and healthcare sectors.

Continuing with efforts to ensure

Hotels to see 11-13% growth in room revenue over 5 years: CARE

The domestic hotel industry is expected to see room revenue rising at about 11-13 per cent CAGR over the next five years, mainly on the back of economic growth, a survey said. According to the study by CARE Ratings, the industry is expected to register an overall healthy increase in revenue on back of economic growth and consistently growing middle-class along with rising disposable income. &qu

Reduction in GST on supply of scrips to boost exports: FIEO

Welcoming the decision of the GST Council of reducing the rate on supply of various scrips from 12 per cent to 5 per cent, the Federation of Indian Export Organizations (FIEO) said the move will give a boost to the exports sector.

"Reduction of the GST rate on supply of scrips like merchandise exports from India scheme (MEIS), service exports from India scheme (SEIS), duty free i

India`s auto industry gears up for government`s electric vehicles push

By Aditi Shah

NEW DELHI  - India's aggressive push to electrify all new vehicles by 2030 is compelling auto part manufacturers and carmakers to draw up early plans for electrification, company executives said.

A new auto policy is in the works and will include a roadmap for electric vehicles, a government official said, adding that this is likely to

GST cess hike in cars to take effect from today

The increased GST cess on mid- sized, luxury and SUV cars will come into effect from today, reported PTI. The GST Council on September 9 decided to hike cess on mid-sized cars by 2 per cent, taking the effective GST rate to 45 per cent. Also, cess on large cars has been hiked by 5 per cent, taking the total GST incidence to 48 per cent while that of SUVs by 7 per cent to 50 per cent.

India expected to produce excess power this fiscal: Fitch

According to the latest report by Fitch Ratings, subdued demand growth, consistent capacity additions and better networks may result in India producing surplus power in the current fiscal, although sporadic outages continue and 24 per cent households are yet to be electrified.

Commenting on the issue, a Fitch rating official told the media, “India could actually produce a power

India pulls off cheaper LNG price from Australia

 India has renegotiated the price of liquefied natural gas (LNG) it imports from Gorgon project in Australia that will result in savings of more than Rs 10,000 crore, according to Petroleum Ministry sources here on Sunday.

"Happy to share good news that India has, yet again, been able to address the long-term price issue of LNG from Gorgon to suit Indian market," Petrol

Bridging the gap: E-commerce platforms pave way for SMEs to sell products

Aiming to ease hurdles faced by small sellers to showcase products online, many e-commerce platforms are offering incentives to bridge the gap by removing intermediaries and delivering products from the small and medium enterprises (SMEs) to consumers.

The country's customer-to-customer (C2C) market, which is sized at around $5 billion annually, has been largely facilitated by the

India Inc. averse to professional boards, promoters in background

The Indian industry is still not ready to hand over complete management control of companies to independent boards and professional managers, business chamber Assocham said on Sunday.

"An overwhelming majority of 78 per cent of the 155 CEOs both from professional and promoter-driven firms, answered in the negative when asked whether the promoters are willing to cede complete cont

India renegotiates LNG deal with Exxon - oil minister

By Nidhi Verma

NEW DELHI - India has renegotiated the pricing of liquefied natural gas (LNG) imported from Australia’s Gorgon project to make the imported fuel affordable to price-sensitive domestic customers, oil minister Dharmendra Pradhan said on Saturday.

India has been trying to leverage its position as one of the biggest energy consumers to

Unmanned railways crossings to go within a year: Piyush Goyal

 Railway Minister Piyush Goyal on Saturday said the railway authorities have been asked to remove unmanned level crossings within a year.

The newly-appointed minister also emphasised on leveraging technology to improve Indian Railways' efficiency and claimed to have mooted the idea of floating global tenders for laying new railway tracks.

"Initially, the railwa