AIE Board grants approval to codeshare pact with Air India

The AIE board, which met today, permitted the airline to launch air services to Iranian capital Tehran from early next fiscal. Read more »

Fertiliser subsidy arrear seen at Rs 40,000 crore by next March

The government sets the maximum retail price of urea. The difference between the cost of production and the retail price is reimbursed to manufacturers as subsidy. Read more »

Railways’ Rolling Stock Component unit to come up in Ratnagiri

For the project, 50 acres land has been acquired from the MIDC in Lote Parshuram area in Ratnagiri district. Read more »

Volkswagen offers ABS, dual airbags as standard fitment in Polo, Vento

With the introduction of these features as standard fitments, the company once again adheres to its commitment towards India, Volkswagen India said in a statement. Read more »

Ducati India slashes price of Scrambler range by Rs 90,000

The price cut is valid on all the four variants including the Scrambler Icon, Classic, Urban Enduro and Full Throttle, until December 31, 2016, Ducati India said in a statement. Read more »

Tata Steel, Thyssenkrupp looking at reducing Port Talbot’s capacity

An industry source close to Thyssenkrupp's board said the German group expected the struggling plant to be downsized in the event of a merger, without specifying by how much. Read more »

Government may cut subsidy to P&K fertilisers if MRP is unreasonable

The government has been implementing Nutrient Based Subsidy policy for decontrolled phosphate and potash (P&K) fertilisers since April 2010. Read more »

IFAPA voices concern about government’s anti dumping duty on imported low ash metallurgical coke

While the government imposed a duty of US $ 25 per tonne on low ash coke from China it imposed a duty of $16.2 per tonne on coke from Australia as per... Read more »

No impact of demonetisation on railways: Suresh Prabhu

Suresh Prabhu said there would hardly be any interface between the tax administration and the tax-payer and most of the work will happen through online channels. Read more »

Sell domestic LPG only to PSU oil firms: Government to producers

The Ministry of Petroleum and Natural Gas, in an order issued this month, stated that "sale of indigenously produced LPG is not permitted to the entities other than government oil companies." Read more »