Housing sales fall 35% in 8 cities; supply dips 83%

Housing sales fell by 35 per cent across eight major cities in the July-September quarter this year as demand slowdown continued in the property market, says research firm PropEquity. Housing sales stood at 22,699 units during third quarter of 2017 in eight major cities as against 34,809 units in the previous quarter.

These eight cities are Gurgaon, Noida, Mumbai, Kolkata, Pune, Hyder

Tourism ministry initiative to promote India to Indians

The tourism ministry has launched an initiative to promote India to Indians, days after Prime Minister Narendra Modi exhorted people to explore the country and understand its diversity. In his 'Mann ki Baat' radio address on September 24, Modi said, "It is a matter of concern when we do not see our own country, we do not know about its diversities nor do we understand them...You tr

Centre urges states to cut VAT on petrol, diesel

Finance Minister Arun Jaitley will soon write to all state Chief Ministers urging them to cut sales tax, or value added tax (VAT), on petrol an diesel, Petroleum Minister Dharmendra Pradhan said on Wednesday.

"We have proactively cut excise duty. Now it is the turn of states to reduce VAT," he said.

Noting that states impose VAT ranging from 26 per cent t

States told to check food adulteration : Ram Vilas Paswan

Union Consumer Affairs Minister Ram Vilas Paswan on Wednesday said he has written to Chief Ministers of all states asking them to take measures to check food adulteration and sale of substandard jewellery during the festive season.

"This is festive season and people buy a lot of sweets as well as jewellery. But in these days, cases of food adulteration and selling of substan

Government to dispose 7 lakh tonne pulses from buffer stock

The government will soon dispose seven lakh tonnes of pulses from its buffer stock of 18 lakh tonnes, Union Food and Consumer Affairs Minister Ram Vilas Paswan said here on Wednesday.

"We have asked the states to buy pulses from us at market rate. So far, we have received demand from three states (Gujarat, Karnataka, and Tamil Nadu). We will dispose 3.5 lakh tonnes of pulses

Delhi Assembly to discuss metro fare hike on Monday

A special one-day Delhi Assembly session on Wednesday was extended for a sitting on Monday to discuss the proposed Metro fare hike.

The Aam Aadmi Party government has locked horns with the Delhi Metro Rail Corporation over the proposed hike to be enforced from October 10 -- the second this year. The last hike was effected in May.

Transport Minister Kailash Gahlot on Wednesda

India, Bhutan discuss bilateral ties

India and Bhutan discussed their complete range of bilateral relations during the course of Foreign Secretary S. Jaishankar's ongoing visit to the Himalayan kingdom, the External Affairs Ministry said on Wednesday.

Apart from meeting his Bhutanese counterpart Dasho Sonam Tshong, Jaishankar had an audience with King Jigme Khesar Namgyel Wangchuck and former King Jigme Singye Wangch

DoT approaches TRAI on review of spectrum caps for telcos

The Telecom Department has approached the sector regulator TRAI on review of existing spectrum caps - 50 per cent within a band and 25 per cent overall across all bands - applicable on the operators, reported PTI. The department's letter to Telecom Regulatory Authority of India (TRAI) in this regard follows the recommendations made by the inter-ministerial group (IMG) tasked with examining

India`s oil ministry seeks 5 percent cut in value added tax from states on petrol, diesel

NEW DELHI - India's oil minister Dharmendra Pradhan said on Wednesday his ministry has asked for a 5 percent cut in additional state levy, a day after the federal government cut factory gate tax on petrol and diesel to protect retail consumers from high global crude oil prices.

The finance ministry had earlier ruled out lowering factory gate duties on petroleum pr

MobiKwik partners IRCTC for ticket bookings

Digital payments firm MobiKwik has said that it has partnered with IRCTC Rail connect app, which will allow customers book railway tickets using the former's payment gateway. As per report, Mobikwik's Payment Gateway currently powers payments for more than 3,000 ecommerce websites and apps.

As per reports, the tie-up is aimed at simplifying payment systems by introducing MobiK

Cabinet apprised of Swiss tilting trains for Indian Railways

The Union cabinet was today apprised of a Memorandum of Understanding (MoU) signed by the railways ministry with Switzerland which would help the two countries in developing tilting trains. Tilting trains tilt on approaching a bend, just like a motorbike on a winding road. Such trains are operational in 11 countries namely Italy, Portugal, Slovenia, Finland, Russia, the Czech Republic, the UK,

Global IT spending to hit $3.7 trillion in 2018

Global IT spending is projected to hit $3.7 trillion in 2018 -- a 4.3 per cent increase from 2017, market research firm Gartner said on Wednesday.

Enterprise software and IT services are expected to exhibit strongest growth with 9.4 per cent ($387 billion) and 5.3 per cent ($980 billion) respectively.

The Devices segment, Data Centre Systems and Communications Serv

Cabinet approves renaming of Kandla Port as Deendayal Port

The Union Cabinet today gave its ex-post facto approval to the renaming of Kandla Port in Gujarat as Deendayal Port. The Kandla port, one of the top 12 major ports in the country, had been rechristened as Deendayal Port in the name of Hindutva icon Pandit Deendayal Upadhyaya, the government had said last week.

"The Union Cabinet chaired by Prime Minister Narendra Modi has given i

India, emerging economies can attract billions of dollars for solar, wind power

As world energy markets transform at an unprecedented rate, India is at the forefront of the shift towards profitable renewables given that the countrys solar belt has the potential of 749 GW for power generation. As shown by a new IEEFA (Institute for Energy Economics and Financial Analysis) analysis, accelerating this trend will allow India avoid the costly mistakes made by slow-moving, late-

Hyderabad airport`s second runway to be ready in three years

The second runway at the Rajiv Gandhi International Airport here will be developed in three years, officials said on Tuesday.

GMR Hyderabad International Airport Limited (GHIAL), which operates the airport, on Tuesday sought the Telangana government's cooperation for building the second runway.

GHIAL officials told Chief Minister K. Chandrasekhar Rao that the e

Naidu lays foundation stone for waterway, 6 highways in Andhra

Vice President M. Venkaiah Naidu on Tuesday laid the foundation stones for six national highway projects and an inland waterway in Andhra Pradesh.

He also dedicated seven other national highway projects. The total cost of all 13 highway projects is Rs 4,153 crore.

Naidu also laid the foundation stone for development of an inland waterway in the Krishna River betwee

Excise duty on petrol, diesel cut by Rs 2 per litre

 Under all round attack on rising fuel prices, the government on Tuesday decided to slash the excise duty on petrol and diesel by Rs 2 per litre -- effective Wednesday -- to cushion the impact of rise in international crude prices, in a decision that will cost the exchequer Rs 13,000 crore during the remaining part of the fiscal.

In effect, the government decision could act

Maharashtra to probe 18 farmers deaths due to toxic pesticides

 With the deaths of at least 18 farmers in Maharashtra from inhaling toxic insecticide fumes sprayed in farmlands, Chief Minister Devendra Fadnavis on Tuesday ordered ordered a high-level probe to ascertain the causes and initiate remedial measures.

Besides 18 deaths, another 600 persons have been injured and undergoing treatment in Yavatmal district and surroundings due to inhal

Data of over 6,000 key Indian organisations up for sale on Internet: Quick Heal

Global IT security firm Quick Heal's Enterprise Security brand Seqrite has discovered an advertisement on DarkNet forum that claims to have access to data of over 6,000 Indian businesses that include Internet Service Providers (ISPs), some of the key government organisations, banks and enterprises.

Seqrite Cyber Intelligence Labs, along with its partner seQtree InfoServices, track

Gas price hike will benefit producers by Rs 1,300 cr: India Ratings and Research

The increase in natural gas prices from this month would benefit domestic gas producers by around Rs 1,300 crore during the second half of the current fiscal, India Ratings and Research (Ind-Ra) said on Tuesday.

"The recent gas price increase would lead to an increase in revenue for domestic gas producers by around Rs 13 billion during 2HFY18," an Ind-Ra statement here said.

NCA approves Airtel-Tigo merger in Ghana

Bharti Ghana (Airtel) on Tuesday said the Ghana's National Communications Authority has given approval for its merger with Millicom Ghana (Tigo) to proceed, subject to some conditions.

According to the company, the merger will result in an entity which will be the second largest mobile network operations in the west African country.

The company said the merger

India`s infrastructure output grows 4.9 percent in August: government

NEW DELHI - India's annual infrastructure output grew at its fastest pace in five months in August, driven by higher coal and electricity production, government data showed on Tuesday.

The output grew 4.9 percent in August compared with a revised 2.6 percent year-on-year growth in July.

During April-August, the annual output growth was 3.0 percent, data

Output of eight core industries rises in August

Output of India's eight major industries expanded exponentially in August by 4.9 per cent from a rise of 2.6 per cent during the previous month, official data showed on Tuesday.

The Index of Eight Core Industries (ECI), representing the output of major industrial sectors like coal, steel, cement and electricity, had risen by 3.1 per cent in the corresponding month of the prev

Sustained energy demand recovery absent, says ICRA

A sustained energy demand recovery is still absent and the stressed thermal assets are sizeable at about 60 GW, credit rating firm ICRA said today. The recent uptrend in the electricity demand growth has led to a marginal improvement in the all India thermal PLF (plant load factor or capacity utilisation) to 59.9 per cent for the first five months of 2017-18 as against 59 per cent in the April-

CWC sign MoU with IIT Roorkee and MNNIT Allahabad

Central Water Commission (CWC) has signed MoUs with IIT Roorkee and MNNIT Allahabad to support dam rehabilitation efforts of various implementing agencies and CWC. Ministry of Water Resources, River Development and Ganga Rejuvenation has taken on board selected premier academic and research institutes, for capacity building in the areas of dam safety through World Bank assisted Dam Rehabilitati