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Electric vehicles are still a low volume segment with only 1.3 per cent market penetration in India and about 3 per cent globally.

Auto LPG body says govt missing out on low-hanging fruits amid EV-push

A Rs 10,000 crore scheme to subsidise sale of electric and hybrid vehicles as part of efforts to curb pollution is...

22 March 2019 2:25 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Govt extends IGST, compensation cess exemption under various export...

These exemptions have been extended for exporters buying inputs domestically or importing for export purpose.

22 March 2019 2:24 PM IST

Nearly 44 per cent of Alto sales contribution comes from young customers less than 35 years of age.

Alto best selling PV model in Feb; Maruti makes clean sweep of top six...

According to the latest data by SIAM, Alto had sold 19,941 units.

22 March 2019 2:15 PM IST

Tata Power Solar is also planning to launch a dealer network to better take on its myriad of competitors.

Tata Power SED bags Rs 1,200 cr contract from defence ministry

The contract will be executed by Tata Power SED as the prime contractor with foreign OEM.

22 March 2019 2:10 PM IST

The debt crisis at the infrastructure lender came to light following a series of defaults by its group companies beginning September 2018.

IL&FS Transportation Networks defaults on NCD payments due to...

The group's total debt stood at over Rs 90,000 crore as of October 2018.

22 March 2019 1:26 PM IST

Market indices opened sharply higher on Thursday, with the Sensex rising 383.96 points to 33,403.03 and the Nifty gaining 124.10 points at 10,252.50.

Sensex edges lower as investors pocket gains

The NSE Nifty has risen 6.75 per cent while the BSE index climbed 7.02 per cent this month until Wednesday's close.

22 March 2019 1:19 PM IST

PNB scam exposes gaps in Indian banking sector

Rs 14,000 crore, fraud nearly brought India's second biggest state-run bank on its knees.

22 March 2019 1:06 PM IST

Rahul Gandhi claimed that Anil Ambani had not manufactured even a single aircraft but was awarded a contract of Rs 30,000-crore after snatching the work from state-owned HAL. (Photo: ANI)

Traders are not annoyed with GST, don't use us for political points:...

Domestic traders' body CAIT on Wednesday criticised Congress chief Rahul Gandhi for his repeated statements on GST.

22 March 2019 11:51 AM IST

Global rating agency Fitch on Monday slashed its GDP forecast for India for FY18 saying growth has repeatedly disappointed in recent quarters.

Fitch cuts India GDP growth forecast for FY20 to 6.8 pc

Fitch Ratings cut India's FY19 GDP growth forecast to 7.2 per cent from 7.8 per cent on December 6.

22 March 2019 11:03 AM IST

The global economy is expected to grow at a solid pace through next year, boosted by faster expansion in the United States and Europe.

India one of world's fastest growing large economies: IMF

Details about the Indian economy would be revealed in upcoming WEO survey report to be released by IMF next month.

22 March 2019 10:46 AM IST

The Redmi Go is a dual-SIM handset that runs on Android 8.1 Oreo (Go Edition) and comes with a 5-inch HD display.

Chinese smartphone firms jazz up products, seize turf in home market...

People are more attached to their phone than ever and have higher expectations, said Alen Wu, global vice president at...

22 March 2019 10:43 AM IST

China could have a larger share of the Indian market than earlier, provided it plays fair.

Tariff on China to continue till deal is reached

Trump imposed tariff hikes of up to 25 per cent on USD 250 billion of Chinese goods.

22 March 2019 10:30 AM IST