Author: By NBM Team

Car sales flat in October, passenger vehicles increase 1.6%

NEW DELHI: Domestic passenger vehicle sales rose 1.55% to 2,84,224 units in October, against 2,79,877 units in the same month last year. Car sales grew marginally by 0.38% to 1,85,400 units last month, compared with 1,84,706 units in October last year, according to data released by the Society of Indian Automobile Manufacturers (SIAM) Friday. Motorcycle […]

Trump’s new plan : No H-1B visas for lower-skilled outsourcing types of jobs

WASHINGTON: The Donald Trump administration wants to make changes in the existing H-1B provisions for it to play a better role in attracting highly skilled foreign workers as opposed to what it has now evolved into an “outsourcing” role, the White House said. “The president’s overall instinct – and he said this publicly a number […]

India approves leasing out 6 airports through PPP

NEW DELHI: The chaired by the Prime Minister of India Narendra Modi has approved the leasing out of six airports — Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru — for operation, management and development under the Public Private Partnership (PPP). “In-principle” approval for leasing out six airports of AAI viz. Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram […]

Himachal Pradesh seeks early launch of UDAN-2 Project in state

SHIMLA: Himachal Pradesh Chief Minister Jai Ram Thakur on Thursday requested Civil Aviation Minister Suresh Prabhu to expedite the implementation of the second step of the Centre’s regional connectivity scheme UDAN-2, aimed at addressing the problem of poor air links to difficult areas across the country. The chief minister made the request in a meeting […]

Walmart surpasses Amazon as online shoppers’ most popular grocer

NEW YORK: Look out, Amazon: Walmart is coming to steal your lunch —and maybe dinner too. The world’s largest retailer has surpassed the e-commerce giant in a survey of online food shoppers, more of whom said they most recently visited Walmart’s site for groceries. Local supermarkets were in third place, fuelled in part by logistics […]

Higher demand pushes up power prices in September

NEW DELHI: After three months of decline, short-term power prices increased in September, mainly driven by higher demand and lower generation from renewables, said India Ratings and Research (Ind-Ra) in its report on Tuesday. Ind-Ra in its October edition of credit news digest on India’s power sector highlighted the trends in the sector, with a […]

USA exempts India from certain sanctions for development of Chabahar port in Iran

WASHINGTON: The United States of America (USA) has exempted India from the imposition of certain sanctions for the development of the strategically-located Chabahar port in Iran, along with the construction of the railway line connecting it with Afghanistan. The decision by the Trump administration, which a day earlier imposed the toughest ever sanctions on Iran […]

Flipkart, Amazon not violating competition norms: CCI

NEW DELHI: Fair trade watchdog CCI has concluded that the business practices of Flipkart and Amazon are not in violation of competition norms and rejected allegations of abuse of market dominance made by a grouping of online vendors. Amid concerns expressed in various quarters about alleged unfair business ways in the fast-growing online market place, […]

OPEC considers 2019 oil production cuts in yet another U-turn

The wind changed again in a stormy oil market as Organization of Petroleum Exporting Countries (OPEC) signaled it will consider a return to cutting output next year, potentially making the second production U-turn this year. Amid a summer of rising prices and unprecedented political pressure from President Donald Trump, Saudi Arabia, Russia and other producers […]

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