MOIL to double manganese ore production to 2 MT by 2020-21

A day before his superannuation Kundergi told reporters yesterday that the Centre is planning to increase the production which will help to reduce import. Read more »

‘Stable regulatory framework important for investment in auto sector’

Small and affordable vehicles would continue to drive the growth of the industry, said General Motors India President and MD Kaher Kazem. Read more »

Oil ministry seeks uniform taxes on LPG for domestic, commercial use

About 90% of total LPG consumed in the country is used by households,some subsidised cylinders meant for household use are diverted for commercial purpose. Read more »

RBI gives nod to CPPIB to double its holding in Kotak Mahindra Bank

A year later it bought 3.24 per cent stake in the lender for Rs 2,200 crore. This deal was to reduce promoter holding in the firm as per a diktat from the... Read more »

Steel minister Chaudhary Birender Singh meets top ArcelorMittal officials in London

ArcelorMittal and SAIL signed a MoU in May 2015 to explore the possibility of setting up a state-of-the-art automotive steel manufacturing facility. Read more »

Mahindra & Mahindra to continue selling 1.99 ltr engine SUVs in Delhi/NCR

One per cent cess is not going to make any difference either way as it will not deter the customers from buying a vehicle nor it will help take on pollution in... Read more »

Further drop in steel imports to help domestic mills regain lost market share

Domestic hot-rolled coil (HRC) prices witnessed a drop in July 2016 on account of weak demand and subdued Chinese export prices. Read more »

ICICI Bank goes live on Play Store with its UPI app

UPI enables bank account holders to send and receive money using a Virtual Payment Address (VPA) without entering additional bank account details. Read more »

Everything is not ‘hunky-dory’ in retail lending: RBI

The government has set up a committee, with four sub-groups, to formulate detailed regulations and rules to operationalise the code within short time span, he said. Read more »

IOC raises oil import from Iran to 5 MT for FY 2017

India has steadily raised crude oil imports from Iran after US sanctions were lifted in January this year. Iran today is India's fourth biggest crude oil supplier. Read more »