Sales in rural areas to pick up soon: HUL

FMCG major HUL has said that some pockets in wholesale trade and rural areas are yet to return to normal level after taking a hit from demonetisation and pre-GST destocking, and the sales in these areas are expected to pick up soon.

A good monsoon and government's increased spending on rural areas will be major contributing factors in the growth of FMCG sector, it added. Commentin

Government finalizing cyber security standards for phones: Minister

The Government is finalising cyber security standards for telephones, union minister for IT & electronics and law & justice, Ravi Shankar Prasad said at an ASSOCHAM event held in New Delhi on Thursday. “Let me tell all mobile manufacturing units that your product must be security-compliant, there shall be no compromise on that,” said Prasad while addressing an ASSOCHAM confe

Railways to run various Onam special trains

In view of the continued emphasis by Minister of Railways Suresh Prabhakar Prabhu on improving passenger services & amenities, Ministry of Railways has decided to run Onam Special Trains for convenience of the people attending Onam festival in Kerala between September 1 to September 10, 2017.

“These special trains are being run in keeping in view the pattern of traffic, comm

DERC hikes fixed charge component for high end power users

The Delhi Electricity Regulatory Commission (DERC) has said that it has hiked the fixed charge component of the electricity tariff for hi-end users, while maintaining that the usage charges will remain same as before. As per reports, the electricity tariff is constituted of two components -- fixed charge and energy charge.

The fixed charge remains constant irrespective of the energy c

Government ready to fully finance carbon capture technology: Piyush Goyal

People’sparticipation, holistic approach to sustainable lifestyle, better allocation of resources and engagement amongst nations were imperative for climate change reduction, said Piyush Goyal, Minister of State, Ministry of Power, Coal, New & Renewable Energy, and Mines, Government of India. Addressing a plenary session on ‘Milestones to 2020, & Beyond under the Paris Agree

Coal India Ltd, unions fail to reach consensus, wage deal not signed

The coal workers' unions and management of Coal India Ltd (CIL) could not reach consensus to sign a wage agreement, a union leader said on Thursday.

"The National Coal Wage Agreement-X, (NCWA-X) was not signed today (Thursday) as a consensus was not reached. There are points of diferences regarding the wage on rest days and compensation to contractual workers in case of any f

ABB to install solar inverters at 750 railway stations

 Swedish-Swiss company Asea Brown Boveri (ABB) will install solar invertors at 750 railway stations across the northern region to reduce carbon footprint and energy bills, its Indian arm said on Thursday.

"We have won the order from the Indian Railways to provide solar invertors in north India to reduce dependence on conventional energy sources," the firm said in a stat

India needs to fully utilise existing power infrastructure

India needs to utilise fully existing power assets and revive stranded energy projects before making new investment, a senior official of Srei Infrastructure said as per the PTI report. "The power sector has huge surplus capacity, you need to sweat that asset ... It's heavily under-utilised. Projects are stuck. You need to eliminate that, remove the bottlenecks," Srei Infrastructu

India`s auto components industry rises 14% in FY17

The Indian auto components industry expanded by 14.3 per cent to Rs 2.92 lakh crore last fiscal on the back of robust growth in after market sales. According to the latest data by Automotive Component Manufacturers Association of India (ACMA), the after market segment grew by 25.6 per cent to Rs 56,096 crore last fiscal from Rs 44,660 crore in the preceding year. Exports in 2016-17 were at Rs 7

MFs tapping retail savings on slashed bank savings deposits

With many lenders cutting interest rates on their savings account deposits, mutual fund houses have been able to sell low-risk products and tap into retail savings, says ICRA as per the PTI report. Last month, State Bank of India reduced it's interest rates by 50 basis points to 3.5 per cent for savings deposits of less than Rs one crore. Subsequently, several other public and private secto

Analysts do not see more FPI pullout going forward

Even as overseas investors pulled out funds after almost seven straight months of pumping in dollars, the stock markets may not see too much of a downside as domestic liquidity remains resilient, said experts as per the PTI reports. "We are in the first leg of a correction, and this could extend a while longer, but with limited downsides, as investors remain optimistic about the implementa

Trai views on net neutrality in a month;telcos, net firms spar

Telecom regulator Trai said it is likely to finalise recommendations on net neutrality, which calls for access to internet content without any discrimination in data speed and cost with telecom and internet firms sparring over the controversial issue, reported PTI. Telecom operators have been pushing for their right to charge for content like video and commercial websites as per the business ca

Government working on plans to boost airport in small towns: Jayant Sinha

The Civil Aviation Ministry is working on a four-pronged strategy to enhance capacity of airports across India, union minister, Jayant Sinha said at an ASSOCHAM event held in New Delhi on Wednesday. “We have been spending a lot of time thinking and planning about what we should do about airport capacity, we are working on four different aspects,” said Sinha while inaugurating an ASS

Air Force allows Hindon air base for regional connectivity

Indian Air Force has allowed Hindon air force base to be used for regional connectivity in winter, Secretary, Ministry of Civil Aviation, R. N. Chaubey said at an ASSOCHAM event held in New Delhi on Wednesday. He further said that Indian Air Force has gone out of its way to cooperate with us and to make it available, said R. N. Chaubey said while inaugurating an ASSOCHAM 10th International Conf

Government to connect all state capitals to Delhi by rail: Minister

The Union Minister of State for Railways Rajen Gohain has said that the Centre has fixed a target to connect all state capitals to Delhi by rail to help farmers sell their products. Commenting on the issue, Union Minister of State for Railways Rajen Gohain told the media, "We have already fixed the target to connect all state capitals to Delhi through rail. It(railways) will not only help

Railways sacks 13 employees for Kalinga train derailment

Indian Railways has said that it has terminated the services of 13 employees, including a Junior Engineer and 11 track maintenance personnel, for negligence of duty in connection with the derailment of Kalinga Utkal Express on August 19.

Commenting on the issue, Railway Ministry spokesperson Anil Saxena told the media, "Thirteen people have been removed from job under section 14/

DoPT to set up tariff regulatory body for railways: Reports

A Railways Official has said that the Department of Personnel and Training (DoPT) has finally laid down the terms and conditions for setting up the long-awaited tariff regulatory body for the railways. As per reports, the Union cabinet had approved the setting up of the tariff regulator for the Indian Railways, the Rail Development Authority (RDA), and with the DoPT's approval, it can now i

BS VI will be introduced by April 2020, says Minister

The Minister of State for Petroleum and Natural Gas, Dharmendra Pradhan has said that India has a long history of imposing taxes on petroleum products viz petrol and diesel and these duties have been rationalised from time to time to insulate the domestic consumers for increase in price or to increase the revenue of the Government for developmental projects.

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Over 500 new FPIs registered with Sebi in April-June

More than 500 fresh foreign portfolio investors (FPIs) were registered with Sebi in April-June quarter of this year, indicating that India remains an attractive destination, as per the latest data from the markets regulator. This comes on top of close to 3,500 new foreign FPIs registering with Sebi last fiscal year (206-17). According to Sebi data, the number of FPIs with the regulator's ap

Apparel industry remains under pressure: Report

India's apparel and fabric industry continues to remain under pressure due to temporary disruptions caused by demonetisation and transition to GST regime, says a report by Icra. The highly fragmented fabric segment in the country saw the production declining by 1 per cent in Q1 FY 2018 and a de-growth of 2 per cent in FY 2017, as per the report. Besides, the report said India's apparel

CWC joins hands with NITs for rehabilitation, safety of dams

The Central Water Commission (CWC) has joined hands with the National Institutes of Technology, in Calicut and Rourkela, for capacity building of the dams and their safety and rehabilitation. The CWC has signed memorandums of understanding (MoUs) with the NIT-Calicut and NIT-Rourkela, as part of the Union Water Resources Ministrys effort to take onboard selected premier academic and research in

IMG concludes report on telecom woes, some relief on plate

The inter-ministerial group looking into telecom companies' financial stress has finalised its report, outlining recommendations for providing relief to the debt-ridden sector, according to the PTI. The finalisation of the report comes after a three-month long deliberation by the high-powered committee. The inter-ministerial group or IMG is learnt to have favoured increasing the timeline fo

CPWD goes digital, enables e-payment for works done

The government's construction major Central Public Works Department (CPWD) has gone digital, enabling payments of Rs 20,000 crore per year electronically, an official release said today. It executes a large number of works involving annual payments of over Rs 20,000 crore every year by its 400 field offices across the country, including in remote, hilly and northeastern parts. The digital p

30% agriculture budget to be spent on women farmers

Union Agriculture and Farmers Welfare Minister Radha Mohan Singh on Wednesday said that 30 per cent of his ministry's budget would be invested on the country's women farmers.

"There will be at least 30 per cent of the budget allocation for women beneficiaries in all ongoing schemes, programmes and development activities," he said in his address at the National Consul

India Inc disappointed over increase in cess limit on automobiles

India Inc on Wednesday expressed its disappointment over Union Cabinet's clearance of an ordinance to increase the state compensation cess limit under GST on automobiles.

The ordinance raises the ceiling on GST cess for luxury vehicles and SUVs from the current 15 per cent to 25 per cent. This can lead to a hike in prices of high-end cars.

"This will increase the po