Michelin brings Scorcher tyre range for Harley bikes to India

Tyre major Michelin launched its co-branded Scorcher tyre range for Harley Davidson bikes in the Indian replacement market, reported PTI. The six Scorcher range tyres would be sold across the country through all Michelin authorised dealers in addition to the Harley Davidson network in India, Michelin said in a statement.

The Michelin Scorcher 11 and the Michelin Scorcher 31 are fitted

E-tailers not making much progress in India: Adi Godrej

E-tailers and modern retail have not made much progress in India, says veteran industrialist Adi B Godrej, who finds 'Kirana' merchants to be efficient, particularly in the fast moving consumer goods (FMCG) space, reported PTI. "They (e-tailers in India) are not making much progress, even modern retail in India is not making much progress," the Chairman of the Godrej Group tol

Waiver scheme may raise Indian tractor loan delinquencies, says Fitch Ratings

Delinquencies on tractor loans could rise in several Indian states as a result of political pressure for farmers to be granted waivers on agricultural loans, says Fitch Ratings. According to the rating agency, the media reports that farmers' loans may be waived are likely to create moral hazard and credit discipline issues, given that there will be an incentive for farmers to skip loan repa

Railways announces measures to facilitate travel for summer season

In an endeavor to provide smooth travel experience to the railway travelers, Indian Railways have taken various initiatives for improved passenger experience, such as finalization of first reservation chart at least 4 hours before the scheduled departure of the train, while waitlisted passengers given the option of accommodation in any other train without payment of any difference of fare or gr

Modi launches SAUNI Yojana projects at Botad

The Prime Minister Narendra Modi has dedicated phase-1 (Link 2) of the SAUNI (Saurashtra Narmada Avtaran Irrigation) Yojana at Botad to the nation, as per the government release. The release from the Prime Minister's Office further stated that, PM Modi also laid the foundation stone of phase 2 (Link 2) of the SAUNI Yojana.

Earlier, Prime Minister welcomed Narmada water into the Kr

Rays Power commissions 78 MW solar project in Uttarakhand

Solar solutions provider Rays Power Infra said that it has commissioned 78 MW of solar PV project in Uttarakhand. The 78 MW project comes under Uttarakhand Renewable Energy Development Agency's (UREDA) competitive bidding for 2015-16 and will supply energy to the industrial areas of Bhagwanpur and Roorkee, the company said in a statement.

Commenting on the development, Rays Power

Delhi Metro and MPPMC sign agreement for Rewa solar power

Delhi Metro Railways Corporation (DMRC) and Madhya Pradesh Power Management Company (MPPMC) signed power purchase agreement with Rewa Ultra Mega Solar Limited, the implementing agency for the ‘world’s largest single¬site solar power project’, the Rewa Ultra Mega Solar Power Project (UMSPP, 750MW) in Bhopal on Monday.

Dignitaries present on the occasion were Union

FDA remains key issue for investors in healthcare

The US Food and Drug Administration (FDA) remains the key issue for investors in the pharmaceuticals and healthcare sector, according to a report released on Tuesday by global investment banking firm Jefferies.

The investment firm's officials met investors in Asia to discuss healthcare sector - pharma and services.

"The FDA remains the key issue for investors. FDA i

Agriculture can be very profitable, says new book

Contrary to popular opinion, agriculture can be a hugely profitable venture provided one has the right knowledge, says an agriculturist from Kerala.

"Agriculture can be transformed into a new generation agri-business by making available in the market, uncontaminated fruits and vegetables free of hazardous chemical insecticides and pesticides," says C. Hariharan in "Make

RBI inaugurates new ombudsman office at Raipur

The Reserve Bank has opened a new office at Raipur to look into the grievances of residents and entities in Chhattisgarh, while relieving the Bhopal office of the job of the state's banking ombudsman. The Bhopal office so far had the jurisdiction for both Madhya Pradesh and Chhattisgarh.

"Considering...Large jurisdiction being covered by the current Office of the Banking Ombu

Carriers should be permitted the overbooking practice: IATA

Global airlines body IATA has said that carriers should be permitted to continue with the overbooking practice as seats in a flight are a time sensitive and perishable product. The International Air Transport Association's (IATA) also said that the practice of overbooking flights was an important tool for managing inventory.

Commenting on the issue, an IATA Official told the media

TRAI to clear out obsolete regulations soon: Reports

Telecom regulator, TRAI has said that it has constituted three subgroups in areas like licencing, tariff and service quality, to identify and clear out obsolete regulations and order. Commenting on the issue, a senior TRAI official told the media, “The entire exercise is likely to be completed in next 2-3 months. The three advisors of TRAI -- Sanjeev Banzal (Networks, Spectrum and Licensi

Government awarded 49 port projects in previous fiscal: Reports

The Indian Government has said that it has awarded 49 port projects with an investment of Rs 8,341 crore in the previous fiscal, which will result in capacity addition of 104 MT. As per reports, this was against a target of 102 million tonnes per annum (MTPA) capacity augmentation.

Commenting on the issue, Shipping, Road Transport and Highways Minister Nitin Gadkari told the media, &q

Indian services should profit from Industrial Revolution 4.0

Noting that India has relaxed its visa regime from April to facilitate movement of tourists and businesses, Union Commerce Minister Nirmala Sitharaman said on Monday that the Indian services sector must gear up to take advantage of Industrial Revolution 4.0 ushered in by high-tech manufacturing.

"There is a servicification of manufacturing globally and there is so much opportunit

Government awards 49 port projects worth Rs 8.3K cr in FY17

The government awarded 49 port projects with an investment of Rs 8,341 crore in the previous fiscal, which will result in capacity addition of 104 MT. This was against a target of 102 million tonnes per annum (MTPA) capacity augmentation. "In respect of development of port infrastructure, 49 projects have been awarded with a capacity of 103.52 MTPA against a target of 102 MTPA with an inve

Equity mutual funds log Rs 70,000 cr inflow in 2016-17

Investors put in more than Rs 70,000 crore in equity-oriented mutual fund schemes in 2016- 17, making it the third successive year of net inflows. The strong inflows have pushed the asset base of equity MFs by an impressive 41 per cent during the period under review. Market players attributed the phenomenon to continuous participation from retail investors through systematic investment plans (S

Suresh Prabhu unveils first-ever train with glass roof, GPS on Vizag-Araku route

Railway Minister Suresh Prabhu has inaugurated the new Vistadome coach which has glass roof, LED lights, GPS-based info system and rotating seats among other features. While flagging off the train with Vistadome coaches between Visakhapatnam and Araku through video conferencing from Rail Sadan, he said that the Vistadome coaches' features will enable tourists to enjoy scenic beauty along th

Railways to reduce travel time on Delhi-Chandigarh route

The Indian railways has said that it is aiming at reaching the speed up to 200 kmph on Delhi-Chandigarh route with the French help to reduce the travel time.

As per reports, the 245 km long Delhi-Chandigarh corridor, one of the busiest routes in northern India, is slated to be first semi- high speed project being taken up by railways to run train at maximum speed of 200 kmph. As per r

Railways framing policy to promote tourism: Reports

The Indian Railways has said that it is formulating a policy to promote tourism by connecting tourist spots across the country through trains. As per reports, the policy, a first-of-its-kind exercise by the Railways, aims at hassle-free and seamless movement of people across different tourist places.

Commenting on the issue, a railway Official told the media, "Tourism will be one

Lodha group sales up 30% at Rs 8,500 crore in FY17

Realty major Lodha group's sales bookings rose by 30 per cent last fiscal to about Rs 8,500 crore driven by growth in the domestic market and foray into London. Mumbai-based developer achieved a modest 10 per cent rise in sales bookings from projects in India at about Rs 7,000 crore during the last fiscal with demand getting affected for three months post demonetisation. "Our new sales

Liquor ban on highways to affect 30% premium hotels: Crisil

The ban on alcohol sale within 500 metres of highways will impact up to 30 per cent of premium hotels, with Pune being the most affected city, domestic ratings agency Crisil has said as per the PTI. In a report, its research wing said it studied 12 top cities to analyse the impact of the Supreme Court's ruling, and found that nearly 30 per cent of premium hotels will be affected.

Piyush Goyal inaugurates four wind power plants

Union Power and Coal Minister Piyush Goyal has dedicated to the nation four wind power plants built by Nalco and announced an expansion plan for the aluminium major to raise its capacity to 1 mpta. "We are taking concrete steps to increase production of Nalco.

There is a major expansion programme to raise its capacity to 1 million tonne per annum," Goyal said while dedicatin

Finance Minister expects 6 PSU banks to raise funds via FPO

The Finance Ministry will nudge at least 6 public sector lenders to hit markets to raise funds and ease the pressure on the exchequer of pumping in capital as per the Indradhanush plan, said the PTI report. Commenting on the development, a senior finance ministry official told PTI that, “Time has come for banks to tap capital market and we think that at least half a dozen banks would take

India`s major ports to raise loans worth Rs 50,000 cr: Minister

The Indian Government has said that India's 12 major ports as well as some shipping entities may raise loans amounting to Rs 50,000 crore in US dollars at nominal interest rates to provide fillip to infrastructure. Commenting on the issue, Union Minister Nitin Gadkari told the media, “After Jawaharlal Nehru Port Trust's (JNPT's) USD 400 million foreign denominated loan, anothe

Government to replace 7.7 GW old power projs with efficient plants

The Government of India has identified old power units totalling 7,738 MW capacity owned by the Centre and states for replacement with energy-efficient supercritical plants, which will generate a gross 18,560 MW, as per the media reports. Commenting on the development, a senior official said, quoted PTI that, “The government has identified 7,738 MW inefficient thermal plants, which would