India drives big bang reforms in Oil and Gas Sector
NEW DELHI: The Union Cabinet chaired by Prime Minister Narendra Modi on Tuesday approved the Policy framework on reforms in exploration and licensing sector for enhancing domestic exploration and production of oil and gas. The Cabinet decision was based on the recommendations of a High-powered Committee on Enhancing Domestic Oil and Gas Exploration chaired by […]
Ericsson to deploy 5G-ready LTE equipment for Vodafone Idea
NEW DELHI: Ericsson today announced that it has been selected by Vodafone Idea Limited (VIL), India’s leading telecom service provider, to deploy 5G-ready equipment across select markets in India. Vodafone India and Idea Cellular merged in August 2018, with the merger leading to one of the biggest telecom network integration and consolidation projects in the […]
SpiceJet to start 12 new domestic flights from March 31
NEW DELHI: SpiceJet on Tuesday stated that it will start 12 new direct flights on its domestic network from March 31, 2019. “SpiceJet is the first Indian carrier to introduce daily direct flights on the Bhopal-Surat-Bhopal, Gorakhpur-Mumbai-Gorakhpur and Jaipur-Dharamshala-Jaipur sectors,” the airline said in its statement. The airline also announced on Tuesday that it will […]
Gold imports dip 5% to $26.93 billion in April-January period on weak global cues
NEW DELHI: The country’s gold imports dipped about 5 per cent in value terms to $26.93 billion during April-January 2018-19, which is expected to keep a lid on the current account deficit. According to commerce ministry data, total imports of the precious metal in the corresponding period of 2017-18 stood at $28.23 billion. Industry experts […]
India revokes Most-Favoured Nation status to Pakistan after Pulwama attack
NEW DELHI: Following the Pulwama terror attack, India Friday withdrew the ‘most-favoured nation’ status to Pakistan, a move which would impact USD 488.5 million worth of goods that the neighbouring country exports to India. After the withdrawal of most-favoured nation (MFN) status, India can raise customs duties on several goods being imported from Pakistan. The […]
Oppo’s new F11 Pro with a power packed camera coming to India soon
NEW DELHI: Chinese smartphone maker Oppo said that that it is expected to launch its upcoming smartphone OPPO F11 Pro in India that will come with a stellar camera. Oppo’s new F11 Pro will be coming with a 48 MP dual rear camera, reaching a level of overall performance that exceeds the expectations of even […]
Don’t have firms to establish helicopters business in India: Jayant Sinha
NEW DELHI: Minister of State for Civil Aviation Jayant Sinha on Wednesday said there are not many “sufficient well-capitalised companies that can really take a long-term view” to establish helicopter business in India. “The challenge right now with helicopters is that we don’t have sufficient well capitalised companies that can really take a long-term view […]
India, Maldives to implement liberalised visa regime
NEW DELHI: India and Maldives on Tuesday exchanged diplomatic notes for the implementation of a visa facilitation agreement to boost people to people contacts between the two countries. The agreement was signed during Maldivian President Ibrahim Solih’s visit to India in December within a month after taking charge of the high office. The visit was […]
India to continue growing at fastest pace; could be second-largest economy by 2030: PM
GREATER NOIDA: Prime Minister Narendra Modi exuded confidence on Monday that India would continue to be the fastest-growing large economy, and could be the second-largest economy in the world by 2030. “Leading agencies such as IMF and World Bank project the same trend to continue in the coming years. In an uncertain global economic environment, […]
Cement demand expected to grow 1.2 times of GDP growth rate: UltraTech
NEW DELHI: The average cement demand is expected to grow 1.2 times of the GDP growth rate in the country over the long term, according to UltraTech Cement. The growth of industry will be primarily driven by the government-led spending on big infrastructure projects and low cost housing, besides uptick in rural housing. India is […]
Manufacturing to see improved hiring, production outlook in Q3: Ficci
NEW DELHI: Hiring and production outlook is expected to be better, while exports will be affected due to global demand factors in the manufacturing sector in October-December this fiscal, said a Ficci survey. Ficci’s latest Quarterly Survey on Manufacturing presents a better outlook for hiring and production, the industry body said in a statement. The […]
Canon expands its retail footprint in India, unveils new destination for Inkjet printers
NEW DELHI: Canon India, a leading digital imaging organization in the country, has launched its second PIXMA Zone. The newly inaugurated concept store is designed and conceptualized to showcase the entire range of Canon Inkjet technology and its features. The PIXMA Concept stores have been introduced by Canon India to familiarize consumers with the range […]
India amends significant beneficial owners rules under companies law
NEW DELHI: The government of India has amended the significant beneficial ownership rules for companies, putting in place a more clear regulatory framework that would also help identify entities that might be controlled from outside the country, according to an official. The corporate affairs ministry has issued amendments to the significant beneficial owners rules under […]
India to soon announce a policy to introduce ITES-Enabled Intelligent Transport System: Niti Aayog
NEW DELHI: In India, a person dies every 3.5 minutes in road accidents, out of which people in the prime age group perish the most. Despite it reaching enormous proportion, there is still lack of precautionary measures taken on road safety, states a study conducted by industry body, ASSOCHAM. To address these issues, the government […]
India’s communication satellite GSAT-31 launched successfully from French Guiana
NEW DELHI: India’s latest communication satellite, GSAT-31 was successfully launched from the Spaceport in French Guiana during the early hours today. The launch vehicle Ariane 5 VA-247 lifted off from Kourou Launch Base, French Guiana at 2:31 am (IST) carrying India’s GSAT-31 and Saudi Geostationary Satellite 1/Hellas Sat 4 satellites, as scheduled. After a 42-min […]
India’s communication satellite GSAT-31 launched successfully from French Guiana
NEW DELHI: India’s latest communication satellite, GSAT-31 was successfully launched from the Spaceport in French Guiana during the early hours today. The launch vehicle Ariane 5 VA-247 lifted off from Kourou Launch Base, French Guiana at 2:31 am (IST) carrying India’s GSAT-31 and Saudi Geostationary Satellite 1/Hellas Sat 4 satellites, as scheduled. After a 42-min […]