Maruti Suzuki 1st automaker to send 2 mn vehicles via Indian Railways towards 'green logistics'

New Delhi (IANS) In a bid to help the government towards its net zero emissions target by 2070, Maruti Suzuki India on Monday said it surpassed 2 million cumulative vehicle dispatches using Railways as part of its ‘green logistics’ goals. 

The…

India's security market expected to exceed $15 bn by 2029: Industry experts

New Delhi (IANS) India's security market, with biometrics and surveillance emerging as major segments, is predicted to surpass $15 billion by 2029, industry officials said. 

Speaking at the Security and Fire Expo organised by Informa Markets…

More foreign firms enlist to invest in India as infra projects fuel growth

New Delhi (IANS) More large foreign manufacturers of heavy machinery used in the infrastructure sector figure in the list of more than 15,000 companies that have registered to set up units in the country during June, according to data compiled by…

FM Sitharaman to present Union Budget on July 23

New Delhi (IANS) Finance Minister Nirmala Sitharaman will present the Union Budget 2024-25 on July 23, Parliamentary Affairs Minister Kiren Rijiju announced on Saturday. 

The Budget Session of Parliament will start on July 22 and extend till…

Govt tells auto firms to liberalise repair services for consumers’ benefit

New Delhi (IANS) The Centre’s Department of Consumer Affairs has asked automobile manufacturers to enhance efforts towards democratisation of repair manuals and videos accessible to all, fostering a robust ecosystem for third-party repair services…

Mobile tariff hike: Centre responds to misleading claims

New Delhi (IANS) The government has responded to misleading claims regarding recent mobile services tariff hike, saying with three private and one public sector players, the current mobile services market operates through the market forces of demand…

Budget likely to see cut in fiscal deficit target to 4.9-5 pc on higher revenue receipts: ICRA

New Delhi (IANS) Credit rating agency ICRA estimates the Central government’s revenue receipts will witness an upward revision of Rs 1.2 lakh crore in the forthcoming Revised Budget for 2024-25 over the Interim Budget Estimate, while pegging a relatively…

India sees 501 deals worth $21.4 bn in April-June quarter, political stability a booster

New Delhi (IANS) India saw 501 deals valued at $21.4 billion in the April-June period -- highest quarterly volumes since Q2 2022 -- as an anticipated policy clarity from the upcoming budget and political stability is expected to boost investor confidence…

Total employment in MSMEs crosses 20.2 crore mark, up 66 pc

New Delhi (IANS) The total employment reported by the country’s micro, small and medium enterprises (MSMEs) has crossed the 20.2 crore mark, as per data from MSME Ministry’s Udyam registration portal.

The number of workers employed…

RBI shuts Banaras Merchantile Co-op Bank citing inadequate capital, earning prospects

Mumbai (IANS) The Reserve Bank of India (RBI) has cancelled the licence of Banaras Merchantile Co-operative Bank Limited, Varanasi.  

The Reserve Bank said the licence of the bank has been cancelled as it does not have adequate capital and…