Domestic steel consumption expected to grow 5.3 % to 85.8 mt this fiscal

Construction and capital goods sectors are likely to see an upward trend in growth, supported by higher infrastructure spending: ISA Read more »

SAIL eyes sales of 14.52 MT in FY’17; production of 17.16 MT

Ramp-up of production from the new units is not only increasing production quantum and leading to better quality of products. Read more »

Country facing shortage of doctors: JP Nadda

The Health Minister urged the students not to forget the larger purpose of working to improve the health of the poor, the needy and the underprivileged. Read more »

Railways to have functional autonomy, bear salary burden

Railways will bear the burden of 7th Pay Commission, besides the regular salary and pension payments for its present and ex-employees. Read more »

Major ports to give 80% discount on vessel related charges

In order to make this discount sustainable for the shipping service providers, the major ports will also carry out intensive marketing for demand generation. Read more »

Government to fund major gas pipeline to boost eastern states

Pradhan said the government was hoping the new pipeline would help attract investment in the agro processing industry in the eastern region. Read more »

Future Group acquires Sangam Direct chain of grocery stores

Wadhawan operate the stores under Sangam Direct in Delhi NCR and in Bengaluru. The sources said Sangam Direct business has a revenue of about Rs 100-150 crore. Read more »

Kalyan Jewellers to invest Rs 900 crore for expansion

The two showrooms, to come up in Velacherry and Anna Nagar, would take the total number of outlets in city to five with total investments of Rs 430 crore till date, the... Read more »

IOC, GAIL to take 49% stake in Adani Group’s Dhamra LNG project

IOC will initially take 39 per cent and GAIL another 11 per cent equity in Dhamra LNG Terminal Pvt Ltd and the remaining 50 per cent will be with Adani Group. Read more »

India wants to add UAE, Saudi oil for strategic reserve

Dharmendra Pradhan told a news conference India is exploring two to three other models for sourcing oil to fill the remainder of the storage. Read more »