Raise solar capacity additions by 10 GW to reach 2022 target: Study

In order to meet the target of increasing solar power capacity to 100 gigawatt (GW) by 2022, India will need to significantly ramp up the pace of solar capacity additions by 10 GW this year and over 15 GW per year, a recent joint survey said on Monday.

According to an Assocham-NEC Technologies study, India's installed solar capacity fell short of the target of 17 GW by the en

Transactions of Rs 1,500 cr on BHIM app so far: Ravi Shankar Prasad

The BHIM app, that aims to make payments through mobiles, has logged 2 crore downloads and close to Rs 1,500 crore worth of transactions have taken place through it, IT Minister Ravi Shankar Prasad said today. Responding to a mention made by SP member Jaya Bachchan during the Zero Hour in the House, Prasad also said more than 2 crore people have been trained by common service centres on digital

New bond norms reduce Indian Inc funding options : Fitch Rating

New, tighter regulations on foreign holdings of Indian rupee-denominated corporate bonds and offshore issuance will reduce options for companies to diversify their funding sources, at least temporarily, says Fitch Ratings. According to Fitch Ratings, the rules will also prevent the use of certain complex transaction structures, which have recently gained popularity among corporate issuers.

Investors, intermediaries confident of India`s 6.5-7.5% GDP growth: Moody`s

Some of the largest investors, intermediaries and issuers in Asia Pacific are confident of India's stable economic growth in the region of 6.5 per cent and 7.5 per cent over the next 12-18 months, Moody's Investors Service said in a statement on Monday.

According to the global credit rating agency Moody's, the views were gathered in a poll conducted jointly with its I

Government to invest Rs 1000 cr for world class bus terminals: Minister

The Union road transport ministry has said that it is planning to invest to the tune of Rs 1,000 crore to its state counterparts to set up large world-class bus terminals in as many as 2,000 cities and towns. Commenting on the issue, Union road transport minister Nitin Gadkari told the media, "We have a Rs 1,000-crore funding plan to assist states in setting up of world class busports (lar

Train accidents on decline due to new safety measures: Data

According to Railway Ministry data, there has been a slight decline in the number of train accidents after implementation of a series of safety measures, including use of modern technology. As per reports, in 2014-15, the number of accidents was 135 which decreased to 107 in 2015-16 and further to 104 in 2016-17.

This year, train accidents decreased from 29 to 15 during April-June in

Committed to development of Railways: Suresh Prabhu

Railway minister Suresh Prabhu has said that his ministry was committed for overall development of the railways. As per reports, Prabhu flagged off the weekly super-fast express from Sainagar railway station to Dadar (Mumbai) in presence of Union minister Subhash Bhamare and Maharashtra minister Jaykumar Rawal.

Commenting on the issue, Rail Minister Suresh Prabhu told the media, "

FPIs prefer India over emerging markets, pump in $4 bn in July

Overseas investors have pumped a staggering $4 billion into the Indian capital market this month, primarily due to "better prospects" of economic growth as compared to other emerging markets. The latest inflow follows net infusion of Rs 1.6 lakh crore in the previous five months (February-June). In January, they had pulled out Rs 3,496 crore.

"FPI inflow could be attrib

Agra activists sail paper boats to remind Gadkari of ferry

Scores of ship models and boats made of thermocol, plywood, and iron, were set sail Sunday evening on the Yamuna here to remind Union Minister Nitin Gadkiri of his promise of starting a ferry service and steamers for tourists travelling to Agra.

Members of the River Connect Campaign gathered in large numbers at the Etmauddauala view point park to launch their boats. A large model of a

Sahara to move court against IRDAI`s decision on life insurance business

The Sahara group on Sunday said it would approach the court against insurance regulator's order of transferring life insurance policies of Sahara India Life Insurance Company Ltd to ICICI Prudential Life Insurance Company Ltd.

In a statement, the group said: "Sahara will pursue its remedy, against such approach of IRDAI, in the court of law."

"IRDAI (Insur

IRDAI decision against Sahara India Life raises several questions

The IRDAI's latest order against private life insurer Sahara India Life Insurance Company Ltd., which in effect shuts down the company's business, has raised many questions for which there are not many answers, say senior industry officials and experts.

The Insurance Regulatory and Development Authority of India (IRDAI) in its July 28 order has said: "The promoters of the

RBI needs to cut interest rate by 25 basis points: Assocham

Ahead of the Reserve Bank of India's (RBI) forthcoming monetary policy review next week, industry chamber Assocham has on Sunday urged the apex bank to cut interest rates in view of latest data that shows inflation at a five-year low and deceleration in the factory output.

"Citing inflation at a five-year low and deceleration in the factory output, the Assocham has written to

12 National Highways to double up as emergency landing airstrips

The Indian Air force (IAF) has cleared 12 National Highways (NHs) as emergency landing airstrips that will enable rescue operation teams to reach affected areas easily, an official responsible for executing the project said.

Although there was initially a proposal to develop a total of 21 NHs into airstrips, for now 12 highways have been cleared, with three of those connecting Odisha,

IRDAI says Sahara insurance siphoned off Rs 78 cr, transfers business to ICICI Pru

The Indian insurance regulator has said that Rs 78 crore was siphoned off by Sahara India Life Insurance Ltd in the name of security deposits.

The Insurance Regulatory and Development Authority of India (IRDAI) late on Friday also said the promoters of Sahara India Life Insurance Company were no more "fit and proper" persons, and ordered transfer of all policies to ICIC

Railways to add 15,000 upgraded coaches to fleet by 2022-23: Rajen Gohain

Railways will add 15,000 coaches with upgraded interiors and exteriors by 2022-23 and also plans to upgrade 25,000 more coaches, parliamant was informed on Friday.

"It has been decided that around 15,000 coaches having upgraded interiors and exteriors would be added to the fleet of the Indian Railways by 2022-23," Minister of State for Railways Rajen Gohain told the Raj

Government to bring new telecom policy soon

The government may bring in a new telecom policy in less than a year's time in sync with "rapid technological advancement" that would address issues pertaining to consumers interests and security and also encourage innovation.

The Department of Telecom is already working on a new National Telecom Policy and the draft policy would be ready by this financial year end,

India to have 600 mn broadband connections by 2020: Minister

 There were 422.19 million broadband subscribers and the internet penetration (internet subscriber per 100 populations) was 32.86 per cent in the country as on March 31, 2017, Communications Minister Manoj Sinha informed Parliament on Friday.

In a written reply to a question in the Rajya Sabha, Sinha said the National Telecom Policy-2012 envisages 600 million broadband conne

RP-Sanjiv Goenka Group acquires 70% stake of Gujarat-based snack company

 RP-Sanjiv Goenka Group on Friday announced acquisition of 70 percent stake in a Gujarat-based snacks company with an investment of Rs 440 crore, terming it as the group's entry point product in the FMCG market.

"We have acquired 70 percent stake in Apricot Foods Pvt Ltd based in Gujrat's Rajkot with an investment of Rs 440 crore. The brand E Vita is going to be

15 insurers offer products covering AYUSH treatment

At least 15 insurance companies are offering products that cover various systems of AYUSH treatment, the government said as per the PTI report. Finance Minister Arun Jaitley told the Lok Sabha that the defined health packages under the Rashtriya Swasthya Bima Yojana (RSBY) and Senior Citizen Health Insurance Scheme (SCHIS) do not cover AYUSH treatment or medication.

These two are the

Draft of new telecom policy by Dec-end: Telecom secretary

The government has got down to the job of framing the new telecom policy and a draft one should be ready by the end of December, Telecom Secretary Aruna Sundararajan said. "Working groups to draft the policy are being set up as we speak," she said. The Department of Telecom (DoT) last week kickstarted the consultation process by meeting operators, infrastructure providers, industry as

Government to offer 20 airports in 2nd round of bidding under RCS

The Indian Government has said that it is likely to offer only 20 airports in the second round of the bidding for flights under the regional connectivity scheme (RCS). Commenting on the issue, Civil Aviation Secretary R N Choubey told the media, “In the first round, in which five air operators including government-run Air India and budget carrier SpiceJet got permission to fly on 128 rout

Xiaomi secures $1bn loan for global expansion

 Chinese smartphone manufacturer Xiaomi has secured a $1 billion loan to expand its footprints globally and increase its retail opportunities, the company said on Friday.

The smartphone manufacturer has secured a three-year term $1 billion syndicated loan agreement from a total of 18 banks across India, Europe, the Middle East, China, Hong Kong and Taiwan.

Xia

Government approves setting up of new airport in Rajkot: Reports

The Indian Government has said that it has given its approval for setting up of a new international airport at Rajkot in Gujarat, Commenting on the issue, Minister of state for civil aviation Jayant Sinha told the media, "Site clearance approval (was granted) to the government of Gujarat for setting up of Rajkot International Greenfield Airport at Hirasar, District Rajkot, Gujarat in May,

Gold trades in red ahead of US Quarterly result GDP data

Gold futures were trading in the red in the domestic market on Friday as market participants are looking for cues on the health of the US economy from second-quarter gross domestic product numbers due later in the day. Meanwhile, subdued demand from jewellers, investors and industries further affected precious metals in Friday’s trading session.

At the MCX, gold futures for Augu

Government not to make Aadhaar mandatory for air tickets: Reports

The Indian Government has said that it has no plans to make Aadhaar number mandatory for booking air tickets. Commenting on the issue, a Government Official told the media, “No decision has been taken by the government in this regard. The parliamentarians were assured by the officials, led by Union home secretary-designate Rajiv Gauba, that Aadhaar data is safe and there is no chance of i