The Indian Government has said that it is doing "detailed review" of the snags faced by Pratt & Whitney engines that power Airbus 320 neo planes operated by IndiGo and GoAir. As per reports, against the backdrop of recent incidents of these engines facing technical snags that also resulted in some emergency landings, aviation regulator DGCA has asked P&W to address the issues
The Indian Government has said that it is planning to sell off non-operational units of Cement Corporation of India (CCI) as part of strategic sale of loss-making companies. Commenting on the issue, Minister of State for Heavy Industries and Public Enterprises Babul Supriyo told the media, "As far as CCI is concerned, non-operating units of CCI are to be disinvested first as a part of stra
With Indian big pharma companies getting bogged down due to regulatory issues, mid-cap companies based in Hyderabad may provide opportunities for investors, said HDFC Securities on Wednesday in a research report.
The report broadly classifies the Hyderabad based mid-caps into three categories viz., (a) Established formulations players, (b) Emerging formulations players and (c) C
By Manoj Kumar
NEW DELHI - India's exports rose in February for the sixth straight month, helped by a pick-up in engineering sales despite fears of protectionist and anti-trade sentiment in the United States and Europe.
Merchandise exports grew 17.48 percent year-on-year to $24.49 billion last month while imports rose 21.76 percent to $33.39 billion, the
Enterprise solutions provider SAP is betting big on the growth of the SME sector in India which accounts for nearly 80 per cent of the client base in the country, an official of the company said. "The growth of SAP lies in the growth of the SME sector in the country", head (marketing), Indian sub-continent of SAP India Krishnan Chatterjee said.
He said that out of the compan
The government today launched a new scheme - TIES - for developing export linked infrastructure in states with a view to promote outbound shipments. Launched by Commerce and Industry Minister Nirmala Sitharaman, the Trade Infrastructure for Export Scheme (TIES) seeks to bridge the infrastructure gap and provide forward and backward linkages to units engaged in trade activities.
Railway Minister Suresh Prabhu today pitched for rail connectivity with neighbouring countries to boost trade and eliminate poverty in the region. Highlighting the need for physical connectivity with neighbours for trade growth, he advocated work on rail link from Kathmandu to Delhi and Kolkata shortly. "Asia is going to be the next futre growth centre of the world.
Asia being th
As more and more Indian CIOs look forward to embrace digital technologies, lack of skilled IT talent in the country has become a viable threat to their dreams, a new report said on Wednesday.
According to Gartner's annual global survey of CIOs that received responses from 65 Indian CIOs, average IT budgets in India are expected to grow 10.7 per cent in 2017 -- nearly five times fa
Aviation sector will now be a part of multi-modal logistics hubs in India to promote holistic logistics solutions, union minister Nitin Gadkari said. So far, highways, ports, inland waterways and railways were part of the multi-modal logistics hubs in India. Development of integrated logistics solutions will be part of Prime Minister's Flagship 'Make in India' programme.
Investments in domestic capital markets through participatory notes (P-notes) rose to Rs 1.75 lakh crore at the end of January, after hitting a 43-month low in the preceding month, reported PTI. P-notes are issued by registered foreign portfolio investors (FPIs) to overseas ones who wish to participate in Indian markets without registering themselves directly. But they still need to go through
The Indian Government has said that there is no shortage of coronary stents in the market after substantial reduction of its price and the government is closely monitoring their availability. Commenting on the issue, Minister of State for Chemicals and Fertilisers Mansukh L Mandaviya told the media, "No actionable complaint regarding shortage of Coronary Stents in the market has been recei
The Indian Government has said that drug pricing regulator NPPA has received Rs 672.28 crore fine till date from pharmaceutical companies for overcharging. As per reports, since inception, the National Pharmaceutical Pricing Authority (NPPA) has issued 1,527 demand notices to companies for overcharging on sales of formulations at prices above the notified ceiling price.
Cellular operators' body COAI hoped that Trai's review of bottlenecks in the telecom sector will help iron out the outstanding issue of computation of gross revenue and streamline multiple audits that companies face, reported PTI. "Multiple agencies conduct audits...Trai of billing systems and tariffs, the Telecom Department conducts audit on Adjusted Gross Revenue (AGR) and eKYC..
International SIM card and global calling card companies have caught the attention of the Telecom Regulatory Authority of India over instances of unsatisfactory service quality provided to consumers when they are travelling abroad, reported PTI. The TRAI, last week, called a meeting of 8-9 players and asked them to explain the reason for the poor service, which causes huge inconvenience to cust
Union Agriculture Minister Radha Mohan Singh will on Wednesday inaugurate a three-day 'Krishi Unnati Mela' at the Pusa Institute here.
Latest advancements in agricultural research and technology development in farm sector, animal husbandry and horticulture will be on display at the fair, where over 350 stalls will be put up from March 15 to 17.
Dr Trilochan Moh
India ranks the second highest in Internet of Things (IoT)-enabled customer maturity compared with other Asia-Pacific (APAC) markets, a new report revealed on Tuesday.
The report "IoT-Enabled Customer Experience (CX) Report 2016", released by Customer experience company Genesys, found that across APAC, businesses are realising the wide reaching benefits of implementing IoT.&
By Mayank Bhardwaj
NEW DELHI - India has no plans to cut the sugar import tax for now, the food minister said on Tuesday, citing ample domestic stocks and criticising the Indian Sugar Mills Association (ISMA) for projecting output forecasts below the government estimate.
Mills in India, the world's biggest sugar producer, will churn out 20.3 millio
Global spending on information security is expected to reach $90 billion in 2017 -- an increase of 7.6 per cent over 2016 -- to top $113 billion by 2020, market research firm Gartner said on Tuesday.
According to Gartner, spending on enhancing detection and response capabilities is expected to be a key priority for security buyers through 2020.
"The shift to detection a
The two-wheeler industry, which has been vrooming with high double-digit growth till October, is likely to shrug off the note ban shocks and close the outgoing financial year with a 7-8 per cent growth, according to a report. The note ban-induced liquidity crisis has resulted in sales falling 11.3 per cent between November and January. The conversion to BS-IV emission norms, which is coming int
The DMRC Principal Advisor has said that a 13 km stretch of Kochi Metro will be opened in April this year. Commenting o the issue, E Sreedharan, DMRC Principal Advisor told the media, "The inguration of the 13 km stretch from Aluva-Palarivattom will be held in April this year'.” As per reports, normally only a 6-7 km stretch is inaugurated in the first phase. However, as far as t
The Indian Government has said that as many as 287 infrastructure projects worth Rs 150 crore or above each, including those delayed due to various issues, have seen a cost overrun of Rs 1.66 lakh crore. Commenting on the issue, a Statistics Ministry Official told the media, “Total original cost of implementation of 1,186 projects was Rs 14,60,099.70 crore and their anticipated completion
According to EY India digital mediums are likely to surpass traditional ones by 2021-22, when smart phone and broadband penetration increases in the country. Commenting on the issue, EY India media and entertainment advisory leader Ashish Pherwani said, "When does digital overtake physical? When smartphone penetration becomes 50 per cent of the population, which in our case will happen in
Aviation regulator DGCA has said that it has asked airlines to disallow oversized hand baggage on flights operating to airports having operational limitations as part of safety norms. As per reports, airports having runway length limitation and other aspects such as higher elevation and reduced air density are considered as performance limited aerodromes.
To reiterate the need for air
While the effective rate of indirect taxes under the new Goods and Services Tax (GST) regime still remains unclear, as fitment in tax slabs is under way, the Central Board of Excise and Customs (CBEC) has said that taxes were likely to "increase a bit" from the current level.
"That is our belief (that the current level of taxation will not lessen at least for first five
India Ratings (Ind-Ra) has maintained a stable outlook for cotton textiles for the next financial year following steady input prices, healthy capacity utilisation and healthy domestic demand. The agency has revised its cotton outlook to stable for FY18 from negative for FY17, in view of stable input prices, healthy capacity utilisation and steady domestic demand scenario. It will emanate throug