India has no immediate plan to further cut factory gate tax on petrol and diesel due to its tight fiscal situation, a finance ministry source said on Tuesday. India had cut factory gate tax on the two fuels by Rs 2 ($0.0311) a litre each last week while presenting the Union Budget, but it did […]
One of China’s biggest makers of solar panels said Tuesday it will invest $309 million to expand manufacturing in India in a move to guard against what it complained is a rising threat of import controls in the United States and other markets. Longi Solar Technology Ltd’s announcement follows the Trump administration’s Jan 24 decision […]
BP’s profits more than doubled in 2017 to $6.2 billion powered by higher prices and output of oil and gas, allowing the company to resume share buybacks as it recovers from a three-year downturn. The London-listed company saw one of the strongest production increases in its history last year, lifting output to levels not seen […]
Vistara, the Indian affiliate of Singapore Airlines Ltd., is in talks with Airbus SE and Boeing Co. to buy jets worth as much as $8.5 billion as the carrier seeks to tap India’s growing middle class, according to people familiar with the plans. Vistara, a joint venture with majority owner Tata Group, is seeking to […]
More than 15 years ago, the Bharatiya Janta Party (BJP) -led National Democratic Alliance (NDA) government of the time made an incumbent’s election pitch around the so-called ‘India Shining’. Key to this pitch was the ‘Golden Quadrilateral’ project of National Highway Authority of India (NHAI). Today, a decade and a half later, under another BJP-led […]
Malaysian budget carrier AirAsia today said it will operate direct flight from Kuala Lumpur to the city four times a week. The airline is also offering a promotional scheme of all-in-fares of Rs 3,555 (one-way), beginning February 5 until February 11 for travel period between February 5 and July 31. The premium flatbed is also […]
A curved stretch on the Pathankot-Mandi National Highway (NH)-154 between Dhakki and Chogan bus stopages in the town has become accident-prone. The National Highways Authority of India (NHAI) has failed to fix a crash barrier and build parapets to avoid road mishaps.
Abohar: The Joint Action Committee of the Punjab State Power Corporation Limited Employees Union organised a rally for the sixth consecutive day at the divisional office here on Monday to express resentment over delay in payment of salary for the last month. Committee secretary Jarnail Singh said the PSPCL management had accepted the demand to […]
Rourkela: The Odisha State Pollution Control Board has slapped a fine of Rs 5 lakh on public sector unit Mahanadi Coalfield Limited (MCL) for alleged violation of the pollution norms.
Guwahati: Oil industry players on Sunday asked the Assam government to do more in getting environmental clearances faster as it is a challenge in implementing projects in the state.
Patna: GAIL India Ltd has identified five spots in Patna from where it will start providing CNG refilling services in the state.
Aizawl: Hundreds of activists belonging to Opposition Mizo National Front (MNF) on Saturday staged a protest against the prevailing cooking gas crisis in Mizoram.