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 […]
Day: February 6, 2018
China solar supplier grows in India to avoid trade controls
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 surge as it leaves downturn behind
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 $8.5 billion order said to pit Airbus against Boeing
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 […]
Border, Northeast push take ministry ahead of NHAI in road project awards
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 […]
AirAsia starts Kuala Lumpur-Jaipur direct flight
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 […]