On August 15 last year, Prime Minister Narendra Modi announced from the ramparts of the Red Fort that the Indian Railways would launch 75 Vande Bharat Express trains by August 2023. Later, in her 2022 Budget speech, Finance Minister Nirmala Sitharaman announced that 400 Vande Bharat trains will be manufactured in the next three years, which are expected to cost between Rs 40,000 crore and Rs 50,000 crore. Those upbeat announcements come after a series of cancelled tenders, vigilance actions against officials and interdepartmental rivalry that delayed the addition of these iconic trains developed entirely indigenously by the Integral Coach Factory (ICF) in Chennai.
The foreign minister acknowledged that he spoke with Hurriyat leader Mirwaiz and India should not make it an issue.
Finmin wants higher advance tax from India Inc, interim dividend from PSUs.
Finance Minister P Chidambaram on Thursday ruled out changes in tax laws for micro-finance institutions and allowing foreign equity in the sector, but kept options open for a separate fund for them.
The indices opened on a positive note with a gap of 26 points at 4,974 ahead of the FM's clarification regarding transaction tax.
Ten out of the 16 sponsors will appear on team's apparel.
Seeking to dispel the perception of gloom and pessimism, Finance Minister P Chidambaram on asserted in the Lok Sabha that rupee will correct itself and the growth will bounce back.
The Sensex opened 35 points higher at 17,051. Nervousness in morning trades saw the index slip marginally into red to a low of 17,012. It finally ended with a gain of 362 points at 17,378. Financial stocks ended with smart gains after the RBI left repo and reverse repo rates unchanged. The central bank, however, hiked CRR by 25 bps. HDFC soared 6% to Rs 2,881. SBI rallied 3.3% to Rs 1,794, and HDFC Bank added 2% to Rs 1,548. Grasim plunged over 6% to Rs 2,472.
Entertainment Network (India) Ltd, a Bennet Coleman and Co promoted company, which operates FM radio channel 'Radio Mirchi' is planning to enter the capital market through an Initial Public Offering.
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The minister also promised more policy decisions in the coming days saying 'reforms is a work in progress'.
Robin van Persie may have handed in a transfer request at Manchester United, according to ex-Liverpool player and pundit Mark Lawrenson.
After talks between the King and President Kovind, the two sides inked three pacts providing for cooperation in polar science, innovation and research and in maritime spheres.
It is a tribute to India's democracy, however flawed, that the very same MPs who had harangued her intermittently from Opposition benches now surged towards her, anxiety writ large on their faces. One offered her some homoeopathic tablets, another advised her to stay seated, another grasped her hand wishing her good health... the crowd parted as Prime Minister Narendra Modi strode up to congratulate her. But it was mostly well-wishers from the Opposition and the NDA that kept the finance minister cocooned with good wishes until it was time to leave, reports Aditi Phadnis.
In a marathon address to the nation from the ramparts of the Red Fort, Prime Minister Narendra Modi on Saturday underlined India's unity and diversity and the progress of his 15-month-old government's policies.
P Chidambaram says all options are on the table.
The truth can no longer be hidden despite 'headline management' by the ruling dispensation, the opposition party said.
Finance Minister Arun Jaitley on his maiden visit as minister to Washington, DC, addresses two think thanks, leaves American Establishment impressed, reports Aziz Haniffa/Rediff.com.
The sentiment got support from better-than-expected earning results by select companies and continuous buying by domestic financial institutions.
Do we have to say more? An icon of a phone for many, this retro phone is back with a bang, says Ashish Narsale.
There has been a welcome focus on fundamental reforms, time-bound programmes that fix accountability and the use of technology. The upcoming Budget could build on these initiatives, says Abhas Jha.
Mohandas Pai took part in an hour-long chat on rediff.com
'Chidambaram, lots of people argue not without justification, is all about bluff and bluster without any concrete achievement on the ground. His record in the finance ministry fully endorses that view,' argues Virendra Kapoor.
Decline in the rupee coupled with a slide in the crude oil prices have dented the sentiments.
The Honor carries good features all around itself. But it is not without its quirks either. Thankfully, these are few and not likely to dent its prospects hugely
A fleet of eight JF-17 Thunder fighter jets -- jointly made by the two countries -- will escort the Chinese president once his plane enters the Pakistani airspace.
The handset delivers on build quality, battery, design, ergonomics and a pretty decent display. The camera performance is not exactly ground breaking, but the price tag covers up for that slight blip, says Himanshu Juneja
The Redmi 3S boasts of a fantastic built quality, brilliant battery back up, and a pretty good display
Himanshu Juneja reviews the latest flagship from Chinese company LeEco
The ZenFone 2 Laser has turned out to be a solid option in the sub-Rs 10,000 category, says Himanshu Juneja.
A finely crafted phone, a brilliant display, a very impressive low light camera performance, and the polished OS with guaranteed updates makes the One A9 an option for those who value quality all around.
'The AAP is likely to take root in some metropolises -- although it won't be easy to replicate the small-scale Delhi model with equal intensity or cadre-strength in a large state,' says Praful Bidwai.
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