Cash-for-Clunkers: Auto industry bets big on scrappage policy

New Delhi/Mumbai (IANS) Faced with a massive sales downturn, India's automobile industry is betting big on a scrappage policy to revive demand for the already dented sector.

Accordingly, automobile industry's representatives have sought…

Sectoral policy intervention in works, no fiscal stimulus

New Delhi (IANS) The Finance Ministry is holding back-to-back discussions with the Prime Minister's office and the Reserve Bank of India to come out with a sectoral policy package at the earliest but sources rule out any fiscal stimulus having…

Goa should have more beach shacks: Association

Panaji (IANS) Goa's beach shack owners have demanded an increase in the number of shacks dotting Goa's beaches, while also urging the state government to create a separate policy for traditional shack owners, Cruz Cardozo, President of the…

PM reviews economy with Sitharaman

New Delhi (IANS) Prime Minister Narendra Modi on Thursday took stock of the prevailing economic situation of the country with Finance Minister Nirmala Sitharaman on Thursday.

Official sources, however, said such meetings are routine, emphasising…

Hero MotoCorp stops production for 4 days

Mumbai (IANS) Hero MotoCorp, the country's largest two-wheeler manufacturer, on Friday said that their manufacturing facilities will be closed for four days (August 15 to 18) owing to "demand scenario".

Hero MotoCorp indicated…

Massive decline in India in coal power project lending: Report

New Delhi : A financial assessment on Friday revealed a massive 90 per cent decline in coal power investment in India in 2018 compared to the previous year.

The report looks at coal and renewable energy project finance made in 2018 and compares…

Gold near record high on recession warnings

Mumbai (IANS) Gold prices surged to near-record high levels yet again on Friday as renewed fears of a possible recession led investors to run for safe-haven assets like gold.

Gold prices had earlier fell sharply from its record highs…

'India needs $500-700 billion in renewable energy'

New Delhi (IANS) India will require $500-700 billion in renewable energy and supporting grid investment over the coming decade in order to meet its renewable energy targets, the US-based Institute for Energy Economics and Financial Analysis…

Markets open on a positive note

Mumbai (IANS) The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a positive note.

The Sensex of the BSE opened at 37,233.50 and touched a high of 37,250.07 and a low of 36,043.73 after closing at 36,958.16 on Saturday. 

It…

Jalan panel report suggests RBI surplus transfer over 3-5 years

New Delhi (IANS) The Bimal Jalan committee tasked to recommend the formula to be adopted for transfer of the RBI's surplus to the government has finalised its report, official sources said here on Wednesday.

According to the sources, the…