Road Transport and Highways Minister Nitin Gadkari on Wednesday announced grant of Rs 200 crore as first instalment for immediate repair of National Highways damaged due to heavy rains in Assam.
Gadkari said that, if needed, further financial assistance will be given after a final report is submitted by an expert-team of the National Highways Authority of India (NHAI).
India Ratings (Ind-Ra) has said that state discoms reluctance to sign long-term purchase agreements at higher feed in tariffs is likely to affect wind power generation as only 1,000-1,500 MW of capacity is likely to be added in this financial year. According to the rating agency, there could be a substantial dip in capacity addition in FY18 to 1000-1,500 MW from about 5,400 MW in FY17.
Domestic smartphone maker Intex on Wednesday launched its budget phone Aqua Power IV at Rs 5,499 that features a 4,000mAh battery and runs on latest Android Nougat OS.
Intex Aqua Power IV comes with a 5-inch FWVGA display and is powered by a 1.3GHz quad-core processor coupled with 1GB RAM.
"We at Intex work to provide adept and smart products that meet the mos
The Goa Government has said that the first phase of Goa's upcoming Mopa international airport will be operational by May 2020. Commenting on the issue, Chief Minister Manohar Parrikar told the media, "GMR Goa International Airport Limited (GGIAL) has already started pre-construction work and, as per concession agreement, the first phase of the project is likely to be commissioned by Ma
Government has so far recovered an amount of Rs 238.84 crore as fine from pharmaceutical companies for overcharging, Parliament was informed. In a written reply to the Lok Sabha, Minister of State for Chemicals and Fertilisers Mansukh L Mandaviya said that as of June 30, Rs 238.84 crore has been recovered from the drug firms for non-compliance of provisions of DPCO, 2013.
The Indian Government has said that Niti Aayog has given Air India's fragile finances as the main reason for recommending the airline's disinvestment. As per reports, the Cabinet Committee on Economic Affairs (CCEA), on June 28, gave in-principle nod for the strategic disinvestment of Air India and its five subsidiaries. Commenting on the issue, Union Minister Jayant Sinha told the medi
Domestic scheduled carriers are likely to induct as many as 384 aircraft in their fleet by March 2020, according to information available with the government, reported PTI. Out of the total, budget carrier IndiGo is expected to add 136 aircraft while full service airline Vistara is likely to induct at least 5 planes during the period, as per details given by civil aviation minister Ashok Gajapa
DuPont's quarterly profit and revenue beat estimates on Tuesday, driven by strength in its agriculture business, its biggest, sending its shares to a record high.
DuPont, which is merging with Dow Chemical, rose as much as 2.4 percent to $86.36 in morning trading. Dow, which will report quarterly earnings on Thursday, was up 1.7 percent.
Sales in DuPont's agric
The government on Tuesday said GST (Goods and Services Tax) has mitigated "ill-effects of cascading taxes on prices across all sectors including civil aviation".
According to Minister of State for Civil Aviation Jayant Sinha, GST was introduced with the intention to reduce the overall tax burden on the consumer.
"The GST regime amalgamates a large number of ce
Several steps like organic farming, crop insurance, and market reforms have been taken to enhance the income of Indian farmers, the government told the Lok Sabha on Tuesday.
Union Minister of State for Agriculture Parshottam Rupala said other schemes aimed at increasing the income of farmers included soil health cards, neem-coated urea, Paramparagat Krishi Vikas Yojana, and Pradhan Ma
The Supreme Court on Tuesday asked Sahara chief Subrata Roy to deposit Rs 1,500 crore - a part payment of Rs 24,000 crore that two group companies had raised from the investors - with market regulator Sebi to stall the auction of its lands in Aamby valley.
Directing the sum be deposited by September 7, the bench of Justice Dipak Misra, Justice Ranjan Gogoi and Justice A.K. Sikri permi
The telecom tribunal will hear on August 18 the petition of Bharti Airtel and Idea Cellular challenging the decision of Trai to allow free offers of Reliance Jio to continue beyond the stipulated 90 days, reported PTI. The two offers in reference are 'Jio Welcome Offer' and the 'Happy New Year offer'. The petition by Bharti Airtel and Idea Cellular against the Telecom Regulatory
The Indian Government has said that it will cost around Rs 7 lakh crore for development of national highways and other roads under various government schemes and proposed Phase-I of Bharatmala programme upto 2021-22. Commenting on the issue, Minister of State for Road Transport and Highways Mansukh Lal Mandaviya told the media, "The estimated fund requirement for development of national hi
As growth rate slows down, Indian IT companies need to learn to manage expectations of their employees, says a senior industry figure as he pitched for retraining of staff, in the era of rapid technology transition, reported PTI. When growth rate slows down, one has to manage the expectations of the employees within the company, former CEO of Bengaluru-headquartered IT major, Infosys, Kris Gopa
The Indian Government has said that around fourteen under construction hydro power projects of above 25 mw have been stalled due to various reasons, leading to cost overrun of Rs 25,593.78 crore. Commenting on the issue, Power Minister Piyush Goyal told the media, "As of July 1, 2017, there are 14 under construction hydro power projects (above 25 mw), totalling 5,055 mw, which are stalled
Bharti Airtel Chairman Sunil Mittal has urged the Indian telecom regulator to reject the 'Bill and Keep' (BAK) method and said it should continue with the interconnection usage charge (IUC) regime.
"The current IUC at 14 paisa is already well below cost and it will be in fitness of things that while taking a final decision, the Authority (Telecom Regulatory Authority
The Ministry of Road Transport & Highways has estimated a fund requirement of about Rs. 6.92 lakh crore for the development of National Highways in the country during the next five years. This requirement will be met from the Gross Budgetary Support of the Ministry, the Central Road Fund, Toll remittance, Monetization of National Highways through Toll-Operate-Transfer (TOT) model, external