NEW DELHI: The government is not considering any cut in import duty on rubber as of now as the differential between the local and international prices is maintained, a senior official said on Monday. “We have a differential already maintained for the imports that we are getting vis-a-vis the...
NEW DELHI: State-owned India Tourism Development Corporation Ltd is looking for new business opportunities besides strengthening its existing verticals as it seeks to carry forward the momentum of record financial performance of last fiscal, according to its Managing Director M R Synrem. The company which offers hospitality, travel and...
DUBAI: India emerged at the top spot for the highest number of passengers flying through the Dubai International Airport, the world’s busiest for international travel, with traffic totalling 11.9 million guests, the airport announced on Monday. According to a statement, the Dubai airport, known as DXB, surpassed not only...
BENGALURU: Tata Group companies Air India and Tata Advanced Systems Limited (TASL) plan to invest Rs 2,300 crore in Karnataka in multiple projects which will provide employment to about 1,650 people, an official statement here on Monday said. Karnataka Chief Minister Siddaramaiah and Large and Medium Industries Minister M...
NEW DELHI: As trade ministers head to Abu Dhabi for a crucial meeting of WTO next week amid a lack of consensus in key areas, India is seeking to get the over 160 member nations to acknowledge that high cost of remittances are a drain, especially on poor countries,...
NEW DELHI: Corporate donations to political parties may slow down a bit as a result of the scrapping of the electoral bonds scheme by the Supreme Court, but Indian companies may revert to electoral trusts, lawyers and analysts said. Lawyers said electoral trusts allow companies to maintain an arm’s...
NEW DELHI: India’s telecom sector revenues are expected to surge 63% between FY16 and FY25 despite a broader consolidation that shrank the field from more than 10 private mobile operators to just three. Revenues stood at ₹1.7 lakh crore in FY16 with the sector having more than 10 private...
NEW DELHI: The government has begun talks with a host of capital-rich countries to explore ways to route larger portions of their abundant pool of patient capital to India to support the country’s economic growth on a durable basis. The move comes in the backdrop of a moderation of...
NEW DELHI: Two full-fledged semiconductor fabrication plants are going to come up in India very soon entailing multi-billion dollar investment besides several chip assembly and packaging units, Minister of Electronics and IT Rajeev Chandrasekhar said. In an interview with PTI, the minister confirmed that the two projects include a...
MUMBAI: CRISIL’s Financial Conditions Index (FCI) shows India’s overall financial conditions tightened in January compared with December. The FCI fell to 0.5 in January from 0.7 in December. “Liquidity went into deeper deficit, putting upward pressure on short-term rates. Financial conditions were also affected by foreign portfolio investors (FPIs)...