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Prime Minister Narendra Modi

PM Modi's divestment plans hit rough waters with AI

India's civil aviation secretary, R.N. Choubey, said on Wednesday the government was unlikely to further extend the May...

1 Jun 2018 12:59 AM IST

For FY 18, the fiscal deficit target was supposed to be 3 per cent but it may choose the upper band of 3.5 percent in the Union Budget.

Govt meets fiscal deficit target of 3.5 per cent for FY 2018

According to the data released by the Controller General of Accounts, the revenue deficit was 2.65 per cent of the GDP.

31 May 2018 7:17 PM IST

Disinvestment-bound Air India has approached aviation regulator DGCA for renewal of its flying permit, expiring in June.

No bids received for Air India stake sale, says govt

The government has proposed to offload 76 per cent equity share capital of the national carrier.

31 May 2018 7:09 PM IST

80% of bank accounts and 60% of mobile connections have been linked with Aadhaar, according to a UIDAI official .

UIDAI relaxes daily Aadhaar updation target for bank branches

Bank Aadhaar Kendras are being set up with a view to make the Aadhaar verification process of bank accounts convenient...

31 May 2018 7:00 PM IST

RBI kept interest rates unchanged despite calls for lowering it while it slashed the economic growth projection by half a per cent to 7.1 in the first policy review post demonetisation.

Indian economy expands 7.7 per cent in Q4, 6.7 per cent in FY18

However, the economic growth slows to 6.7 per cent in 2017-18 compared to 7.1 per cent in 2016-17.

31 May 2018 6:52 PM IST

India has the potential to innovate on the lines of Silicon Valley but it needs to do more for expanding the innovation ecosystem as it aspires to become a middle income country, World Bank India head Junaid Kamal Ahmad said today.

India, World Bank sign USD 500 mn loan pact for rural roads

It has built and improved about 35,000 km of rural roads and benefited about eight million people with access to...

31 May 2018 6:39 PM IST

Last month Idea announced plans to raise a total 67.5 billion rupees ahead of proposed merger

Idea completes sale of 9,900 mobile towers to ATC for Rs 4,000 crore

ATC has already completed acquisition of Vodafone India's mobile tower for Rs 3,850 crore.

31 May 2018 6:22 PM IST

Maruti Suzuki India

Maruti aims to sell over 2 lakh units with AGS tech this fiscal

The company, which introduced the first model with AGS technology five years ago, has already crossed three lakh...

31 May 2018 6:00 PM IST

CAIT demanded immediate action against policy defaulter e-commerce companies and impose ban on working of their portal.

E-commerce policy: First meeting of subgroups expected by June-end

These groups will submit their recommendations to a task force, which would finalise the national policy on e-commerce.

31 May 2018 5:38 PM IST

These chargers would facilitate electric car users to charge their cars (battery electric vehicles such as the Mahindra e2o, Nissan Leaf, etc) at any time safely and conveniently. The chargers can also monitor the car battery charging status and units consumed while charging a car.

EESL in talks with Telangana, MP, Rajasthan to supply electric...

Tata Motors and Mahindra & Mahindra had emerged as successful bidders in the first tender of the EESL for 10,000 cars.

31 May 2018 5:26 PM IST

State-owned Bharat Sanchar Nigam Ltd (BSNL) has approached the Communications Ministry for recovery of its outstanding dues from the troubled telecom firm Aircel, which recently filed for bankruptcy.

BSNL inks partnership with Call2Action Communication

After a telecom subscriber gives consent and indicates his areas of interest, advertisements will be pushed to the...

31 May 2018 5:07 PM IST

Philippines national carrier Philippines Airlines has appointed Bird Travels as its general sales agent.

Surging oil prices to hurt airlines' profits, says IATA

The aviation sector was likely to be at the peak of its profitability cycle after nine years of gains.

31 May 2018 4:44 PM IST