Ministry of Finance describing some proposals as “excessive” and “without economic rationale” India’s plan to tighten rules on its fast-growing e-commerce market has run into internal government dissent, memos reviewed by Reuters show, with the Ministry of Finance describing some proposals as "excessive" and "without economic rationale". The memos offer a rare glimpse of high-stakes policy-making governing a market already […]

‘T.N., A.P., Telangana channelling funds into irrigation, road, housing projects’ Cement consumption in the country is expected to go up with the Centre raising investments in infrastructure and State governments also spending on housing, irrigation and roads, among other projects, said N. Srinivasan, vice-chairman and MD, The India Cements Ltd. (ICL). At the firm’s 75th AGM on Wednesday, he said […]

The recall will impact units of these models manufactured between May 4, 2018 to October 27, 2020 The country’s largest car maker Maruti Suzuki on September 3 announced recall of 1,81,754 units of some petrol variants of Ciaz, Ertiga, Vitara Brezza, S-Cross and XL6 models to inspect for a possible defect related to the motor generator unit. “…keeping in mind […]

Festivals to spur demand: TVS Motor A majority of vehicle manufacturers posted strong growth in wholesales during August, and are betting on the festival season to help spur sales further. However, the shortage of semiconductors continues to impact production even as customer sentiment remains positive, they cautioned. Maruti Suzuki said its domestic passenger vehicle (PV) sales rose to 1.13 lakh […]

The Industrial and warehousing sector captured the second highest inflows with a share of 27% India witnessed $2.4 billion inflows into built realty assets in H1 2021, a 52% increase over the same period last year, said investment management firm Colliers. During H1 2021, China garnered the highest inflows in the Asia Pacific region, followed by Japan and Australia, as […]

This pilot on hydrogen blending with natural gas would explore the viability of decarbonising India’s natural gas grid. State-run NTPC has invited global ‘expression of interest’ to set up a pilot project on hydrogen blending with natural gas in city gas distribution. The Expression of Interest (EoI) follows the recent tenders floated by NTPC REL for green hydrogen fuelling station […]

For two-wheeler makers, the exports more than doubled to over 3.77 lakh units. The wholesale dispatches of passenger vehicles in the domestic market were up 44.6% in July 2021 amid a challenging and uncertain business environment, the Society of Indian Automobile Manufacturers (SIAM) said on Thursday. As per the data shared by the industry body, the passenger vehicle (PV) sales […]

Stress seen in home, gold and SME loan segments, observes chairman Khara State Bank of India (SBI) on Wednesday said first-quarter, standalone net profit rose 55.3% to ₹6,504 crore due to lower loan loss provisioning and sizeable recovery from a bad loan account. This is its highest-ever quarterly net profit, the bank said in a filing. This record profit was […]