India has conveyed its concern over H-1B to US: Ravi Shankar Prasad

India has already conveyed its concerns to the US over its move to curb H-1B visa processing, IT Minister Ravi Shankar Prasad said here on Tuesday.

"Our concerns had been conveyed to the US government. Indian IT companies are giving very good value addition to the American companies. They are servicing more than 75 per cent of the Fortune 500 companies. They are making them more

General Motors India to stop production at Gujarat plant

Carmaker General Motors India on Tuesday confirmed it will stop production at its plant in Halol in Gujarat next month and consolidate production at its Talegaon plant in Maharashtra.

A company statement said production will cease at Halol plant from April 28.

"We will support our employees at the Halol plant throughout this transition," President and Managing Dire

Water level in 91 major reservoirs dips to 41 per cent: Centre

The water level in 91 major reservoirs in the country has dipped to 41 per cent of their total capacity, the government said. According to the Union Water Resources Ministry, 64.55 billion cubic metres (BCM) of water was available in these reservoirs for the week ending on March 2. On February 23, the storage was 44 per cent or 68.741 BCM of the total capacity of 157.799 BCM.

The Marc

Make public MRP of each pay channels : TRAI to distributors

Customers will now be able to see the price of the pay channels on their television screens as the broadcasting watchdog TRAI has made it mandatory to bring in transparency, reported PTI. According to a new Telecom Regulatory Authority of India (TRAI) tariff order, every distributor of the channels should declare retail price of each pay channel and bouquet of pay channels payable by a subscrib

India's industry body cuts 2016/17 sugar output forecast by 5 percent

NEW DELHI  - India will produce 20.3 million tonnes of sugar in the year to September 2017, a leading industry body said on Tuesday, 5 percent lower than a previous forecast.

Lower sugar output in India, the world's biggest producer behind Brazil, could exacerbate shortages and further push up prices of the sweetener.

Sugar output would fall after t

Tariff-free Brexit 'really important' for Ford's UK jobs

By Costas Pitas

GENEVA  - Tariff-free trade after Brexit is vitally important to maintaining jobs at Ford's British sites, its European boss told Reuters on Tuesday, amid growing concerns among unions about jobs losses at the U.S. carmaker's Welsh engine plant.

Ford, Britain's biggest automotive engine builder, said last year it was scaling

Cabinet revises cost of Koteshwar Hydro project at Rs 2,717.35 cr

The Cabinet approved the revised cost estimate of Rs 2,717.35 crore for the 400 MW Koteshwar Hydro Electric Project in Uttarakhand. "The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the revised cost estimate-I of 400 MW Koteshwar Hydro Electric Project (HEP) in Uttarakhand at an estimated completion cost of Rs 2,717.35 crore," an officia

Cabinet gives thumbs up to cadre review of Central Eng Service

The government has approved the cadre review of Central Engineering Service (Roads) of the Road Transport and Highways Ministry. "Union Cabinet chaired by Prime Minister Narendra Modi has approved the Cadre Review of Central Engineering Service(CES)(Roads) of the Ministry of Road Transport and Highways," an official statement said.

The proposal will be implemented immediatel

Cabinet okays India-Portugal MoU on renewable energy

The Indian cabinet has given post facto approval to the memorandum of understanding (MoU) on renewable energy between India and Portugal. "The MoU was signed on January 6, 2017," a New and Renewable Energy Ministry statement said. The MoU aims to promote bilateral technical cooperation on new and renewable issues.

"The MoU envisages constitution of a Joint Working Group

Cabinet approves MoU on energy efficiency between India, UAE

The Union Cabinet, chaired by Prime Minister Narendra Modi, has given ex-post facto approval to the MoU between India's National Productivity Council and UAE's Al Etihad Energy Services for various services in the field of energy management and conservation. Under the MoU, the NPC, an autonomous body under the Commerce and Industry Ministry's Department of Industrial Policy and Prom

Sunil Bharti Mittal's call to end roaming charges finds support in China

GSM Association Chairman Sunil Bharti Mittal's call to end roaming charges has found support from Chinese telecom operators who reportedly plan to eliminate domestic roaming fees, reported PTI. "We are extremely delighted that GSMA's call to bring an end to domestic roaming fees has received resounding support from the leading operators in China, the largest telecom market in the w

Government to revive 50 unserved airports: Reports

The Indian Government has said that it has approved a proposal to revive 50 unserved and under-served airports as well as airstrips at an estimated cost of Rs 4,500 crore. As per reports, with this plan, the government is looking to enhance air connectivity to small cities and towns while the revival of such airports and airstrips would be "demand driven". The proposal was approved by

India moving into spotlight of global energy market: IEA

A top official of the International Energy Agency has said that India is moving to the centre stage of global energy market and by the early 2020s it will replace Russia as the world's third largest refiner. Commenting on the issue, Dr Fatih Birol, Executive Director of IEA told the media, "That India is moving to the centre stage of global oil and energy markets. It is not only oil. I

Minister reviews performance of Central, Western Railways: Reports

The Indian Railways has said that Union Minister Rajen Gohain has reviewed the performance of Central, Western and Konkan Railway. Commenting on the issue, a senior Official told the media, “The Minister of State for Railways was given a guard of honour by the RPF contingent at the foyer of Chhatrapati Shivaji Terminus.” "Gohain held a meeting with the Central Railway (CR) Gene

TRAI takes measures to provide fair deal to TV channel subscribers

 Aimed at protecting consumers' interest, the Telecom Regulatory Authority of India (TRAI) on Monday launched a slew of measures to provide them with fair deal to watch TV channels, ensuring transparency and orderly growth of the broadcasting sector.

The major features include mandatory display of all channels and their rates, choice of subscription to a-la-carte channels (ca

India's soymeal exports to climb to 2 million tonnes in 2016/17 - industry officials

By Naveen Thukral

KUALA LUMPUR  - India's soymeal exports are expected to climb to about 2 million tonnes in the year to October 2017, the most in two years, as higher domestic production boosts supplies and drags down prices.

India's soybean production, harvested in October 2016, rose to 11.5 million tonnes, compared with 7 million tonnes a yea

Ind-Ra maintains stable outlook for fertiliser industry for FY18

India Ratings and Research (Ind-Ra) has maintained a stable outlook for the fertiliser industry for FY18, citing that lower dependence on government subsidies, due to lower international prices of raw materials and finished products, to be a positive driver for the sector. The agency said that additional debt to fund capacity upgrade and expansion projects would be a key negative driver.

Irdai proposes up to 50% hike in motor insurance premium

India’s insurance regulator has proposed up to 50 per cent increase in insurance premium for cars, motorcycles as well commercial vehicles from 1 April. However, there is no proposal to increase the third-party motor insurance premium for small cars (up to 1,000cc) from Rs 2,055 currently. The Insurance Regulatory and Development Authority of India (Irdai) has released exposure draft on p

Imports like electronics, machinery go against Make in India

The government’s “Make in India” programme to boost manufacturing should target on priority basis high import-intensive items like electronics, machinery, steel and transport equipment, industry chamber Assocham said. “There are other major import items like crude oil, gold and precious stones which cannot be produced indigenously or are used for re-exports,” the A

Mutual fund managers invest over Rs 2,000 cr in stocks in February

Mutual fund managers purchased stocks worth a little over Rs 2,000 crore in February — making it the seventh straight month of positive inflow in equities — on sustained participation by retail investors. Fund managers have been investing aggressively in money in the stock market since August 2016 due to a sharp plunge in equities and pumped in Rs 46,000 crore during the period.

FPIs back in buying mode, pump in Rs 15,862 crore in February

After four months of selling frenzy, overseas investors turned net buyers in February and pumped in a staggering Rs 15,862 crore into the Indian capital markets, enthused by clarity on FPI taxation. Going ahead, the outcome of the US Federal Reserve meeting on March 15-16, and sustainability of recovery in Indian corporate earnings will be key factors in deciding the course of Foreign Portfolio

India added 268.9 mn new Internet users since 2014: Adobe

India accounted for more than half of the 500-million new Internet users globally who have come on board in the last three years, a report by software firm Adobe said. According to Mobile Adobe Digital Insights (ADI) Report, India has a strong position in driving momentum of smartphones and number of new internet users globally and in the Asia-Pacific region. "The report, based on the glob

Banks using RPOs for hiring to focus on core business: Experts

As the banking industry expands in India, lenders are gradually entrusting recruitment tasks in the hands of a professional organisation to focus more on core business, industry experts said. "The scope of outsourcing the hiring practice has been thought about and implemented in fragments till the year 2012. Organisations have realised that they are essentially investing on manpower for re

Labour ministry to call CBT meet to raise EPFO's market exposure

The labour ministry will soon convene a meeting of the Central Board of Trustees (CBT) to secure its nod to increase EPFO's stock market exposure to 15 per cent, from 10 per cent as of now, said the media report. "So far, we have put in 10 per cent, investing Rs 17,000 crore in exchange traded funds (ETFs). Now, we are thinking of raising it to 15 per cent. I want to talk to the Centra

Slash taxes and support aviation to drive growth: IATA

Global airlines' body IATA has asked governments across the world to slash taxes and support the aviation sector through improved infrastructure to drive economic growth, generate employment and connect people, reported PTI. "Our world has grown much wealthier through trade and travel. Air travel liberates people to live better lives and makes our world a better place... Aviation is th