New Delhi: Electric vehicle sales in India crossed 14.08 lakh units in 2024, achieving a market penetration rate of 5.59 per cent, up from 4.44 percent in the previous year, Union Minister H D Kumaraswamy said on Saturday. The minister asserted that the upward trend in EV adoption underscores the growing public trust in electric…
New Delhi: The first part of the Parliament’s Budget session is set to be held between January 31 and February 13, with Union Finance Minister Nirmala Sitharaman likely to table her eighth straight budget on February 1. Parliament budget session will start with President Droupadi Murmu’s address to a joint sitting of the Lok Sabha…
New Delhi: Commerce and Industry Minister Piyush Goyal will hold discussions in Brussels with Commissioner of the European Commission for Trade and Economic Security Maros Sefcovic from January 18-20 on the proposed free trade agreement between the two, an official statement said on Friday. On the sidelines, the minister is also expected to meet World…
Indian Single-malts are making in roads in the global travel retail sector– a space traditionally dominated by Scotch. In recent years the Indian single-malt whisky industry has undergone a lot of transformation and challenged a long-held consumer perception with power brands like the award-winning ‘Kadamba Indian Single-malt whisky’ which carved out a distinct identity and…
New Delhi: State-owned Bharat Petroleum Corporation Ltd (BPCL) on Friday said it has achieved financial closure for its Bina refinery expansion cum petrochemical project with the signing of a loan agreement of Rs 31,802 crore with a consortium of six lenders led by the State Bank of India. The project, estimated to cost Rs 48,926…
Mumbai: The Reserve Bank of India (RBI) on Thursday announced liberalised norms to encourage use of Indian Rupee and local/ national currencies to settle cross-border transactions. The decision comes at a time when the domestic currency is sliding and touched an all-time low of 86.70 per US dollar on Monday. The Reserve Bank has already…
New Delhi: In a major decision, the government on Thursday decided to set up the 8th Pay Commission to revise salaries of central government employees and allowances of pensioners. The decision to set up the 8th Pay Commission was taken by Prime Minister Narendra Modi, I&B Minister Ashwini Vaishnaw said. The term of the 7th…
Washington: Hindenburg Research, a US investment research firm known for short-selling, and whose reports resulted in wiping out billions of dollars of Indian billionaire Gautam Adani and his companies, has been shut down, its founder Nate Anderson announced Wednesday. “As I’ve shared with family, friends and our team since late last year, I have decided…
Mumbai: Aviation watchdog DGCA has issued a warning letter to Akasa Air’s accountable manager Vinay Dube, who is also its founder and CEO, for regulatory lapses, days after the airline was warned for violating norms related to handling dangerous goods. Sources on Tuesday told PTI that the regulator has warned the airline’s Accountable Manager to…
Chennai: Union Minister of Commerce and Industry, Piyush Goyal on Tuesday said that by 2027, India will be the world’s third-largest economy, ahead of Japan and Germany. Addressing the annual meeting of Tamil magazine ‘Thuglak’ here, Goyal said, “What did Mr Modi do in ten years? He took India from the 11th-largest GDP to the…
