New Delhi: The Centre has notified the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet (REPM) with an outlay of Rs 7,280 crore. The initiative aims to reduce dependence on China for critical inputs and secure supply chains for EVs, electronics, aerospace, and green energy. The scheme, approved earlier by the Union Cabinet,…
New Delhi: IndiGo’s widespread flight cancellations in early this month resulted in aviation turbine fuel (ATF) sales falling by over 4 per cent in the first fortnight of December, according to preliminary industry data on Tuesday. Jet fuel or ATF demand had been consistently rising for the past two years as India’s aviation sector rebounded…
Kolkata: The All India Reserve Bank Employees’ Association (AIRBEA) on Monday flagged an “acute shortage” of small denomination currency notes across the country, causing widespread hardship to common people and hurting small businesses. In a letter to the Reserve Bank of India, the AIRBEA claimed that small denomination notes – Rs 10, Rs 20 and…
Mumbai: The Indian economy is poised to grow at 7.0 per cent in the current fiscal 2025-26, Crisil said as it raised projections by 50 basis points soon after the country registered robust growth in the first half. Crisil has revised its GDP forecast for this fiscal with the first-half growth printing at a street-beating…
New Delhi: Industry lobby CII has proposed a comprehensive set of reforms for the forthcoming Union Budget 2026-27 to drive sustained investment growth spanning public, private, and foreign investments and maintain India’s momentum as one of the world’s fastest-growing major economies. The Confederation of Indian Industry (CII) suggested increasing central capital expenditure by 12 per…
Kolkata: Chief Minister Mamata Banerjee’s Bhabanipur constituency has recorded nearly four times more deletions from electoral rolls as against opposition leader Suvendu Adhikari’s Nandigram, according to constituency-wise data released by the Election Commission on Friday that highlighted significant variations across West Bengal. According to a poll panel official, Bhabanipur (Kolkata), which had 1,61,509 voters in…
Mumbai: IndiGo’s board on Friday announced the appointment of an external aviation expert to carry out a root-cause analysis of recent flight disruptions. “Chief Aviation Advisors LLC, led by Captain John Illson, veteran aviation expert, to conduct an independent expert review and assessment of the recent operational disruption and the contributing factors,” the airline said…
New Delhi: India’s imports of Russian crude oil rose 4 per cent in November to a five-month high of Euro 2.6 billion, with a large part of the refined fuels produced from it being exported to Australia, a European think tank said. India remained the second-largest buyer of Russian fossil fuels in November behind China,…
New Delhi: India and New Zealand on Friday discussed ways to fast-track negotiations for the proposed free trade agreement (FTA) between the two countries. New Zealand Trade Minister Todd McClay is here to review the progress of negotiations with Commerce and Industry Minister Piyush Goyal. After the bilateral meeting, Goyal said in a social media…
New Delhi: A decision of Mexico to increase tariffs will severely hit India’s exports of automobiles, auto components, electronics, metals and chemicals to the South American country, experts say. For India, the measures affect nearly three-quarters of its USD 5.75 billion exports to Mexico in FY 2025, fundamentally altering the commercial logic of accessing the…
