India is gradually moving towards an Economy based on Clean Energy

New Delhi (IANS) As part of reforms oriented towards providing cleaner auto fuels in the country, government will soon launch a pilot on hydrogen CNG or HCNG soon, a senior government official said on Saturday.

Petroleum secretary Tarun Kapoor…

Jalan-Fritsch resolution proposal wins bid for Jet Airways

New Delhi (IANS) Jet Airways on Saturday said that the resolution plan submitted by Murari Lal Jalan and Florian Fritsch has won the bid to acquire the airline.

The announcement was made by the resolution professional (RP) of Jet Airways, which…

Samsung now top smartphone seller in India, globally: Report

New Delhi (IANS) Samsung took the top spot in the global smartphone market in August driven by sales growth in India as the market recovered from a nationwide lockdown, a Counterpoint Research report said on Friday.

The South Korean tech giant…

Air India facing a very challenging financial situation: Hardeep Puri

New Delhi (IANS) Civil Aviation Minister Hardeep Puri has called Air India's leave without pay (LWP) scheme a "win-win for employees and management", and pointed out that Air India has not laid off a single employee even as international and domestic…

Covid fiscal support 'modest', direct govt spending at 1.2% of GDP: Moody's

New Delhi (IANS) Centre's latest measures aimed at inducing consumer demand have been termed as too less and also quite late given the impact the pandemic had on the economy.

Moody's Investors Service has said that even if the latest…

JLR India hopeful of festive cheer, goes for product offensive

New Delhi (IANS) After witnessing a gradual recovery in sales, Jaguar Land Rover India is hopeful yet guarded about the festive season response.

In a conversation with IANS, the company's President and MD Rohit Suri said that a gradual…

Housing sales may jump 35% in Oct-Dec on festive demand

New Delhi (IANS) The coming festive season is likely to witness a surge in demand for residential properties and the housing sales may rise 35 per cent across the top seven cities during the October-December period on a quarter-on-quarter (QoQ) basis,…

India's Sep WPI rises on high food prices

New Delhi (IANS) High food, primary articles and manufactured goods' prices accelerated India's September wholesale inflation.

Consequently, the annual rate of inflation based on wholesale prices rose to 1.32 per cent in September from…

India's FY21 GDP outlook worsens, IMF sees 10.3% contraction

New Delhi (IANS) With the coronavirus pandemic still to be contained and the central government's stimulus measures having limited impact on economic activities and consumer demand, the outlook for the Indian economy for the current financial…

No consensus on GST compensation, willing states can approach Centre for borrowing

New Delhi (IANS) The GST Council's meeting on Monday, which was held exclusively to discuss the issue of borrowing in lieu of GST compensation, ended without any consensus.

Addressing the media after the meeting, Finance Minister Nirmala…