For India to be atmanirbhar, domestic manufacturers cannot remain merely assemblers of imported parts. Manufacturing in India cannot survive on support of imports forever.
Tehran plans to lift exports by 500,000 barrels per day
'BPCL has always been spoken about as a multinational company though it is State-run... this sets our work culture also apart.'
The core stir issues of remunerative prices and a basic income for farmers has taken a political turn with three major agrarian states of Madhya Pradesh, Rajasthan and Chhattisgarh going to the polls in the next few months
Two in every five Celerios being sold by Maruti are now equipped with the AMT technology.
The company scrapped a proposal to import coal this year as it dipped into high inventory to meet requirement of power plants.
The world, he said, needs to move towards a transparent and flexible market for both oil and gas.
Mobility company Ola's chief financial officer Swayam Saurabh and chief operating officer Gaurav Porwal are leaving the company. These developments come at a time when the SoftBank-backed company's core ride-hailing unit is planning to go public and for which it raised $500 million from Warburg Pincus and Temasek in July this year. These investment firms had partnered with the company founder Bhavish Aggarwal for this round.
Uber India has readied itself for another $500 million (Rs 3,300 crore) investment in the next three months.
Both the countries have increased prices of gas recently.
The minister, in an eight-page open letter to farmers, said the Modi-government was committed to their welfare and stressed that the new legislations were aimed at benefitting small and marginal farmers.
The uncertainty created by the jump in COVID-19 infections and localised lockdowns prompted RBI Governor Shaktikanta Das and other members of the rating setting panel MPC to unanimously vote for status quo in interest rates and an accommodative policy stance to support growth, as per minutes of the meeting released on Thursday. "The need of the hour is to effectively secure the economic recovery underway so that it becomes broad-based and durable," the Governor said during the three-day meeting of the Monetary Policy Committee (MPC) which ended on April 7. The renewed jump in COVID-19 infections in several parts of the country and the associated localised and regional lockdowns add uncertainty to the growth outlook, he observed, as per the minutes of the meeting released by the central bank.
The Koodankulam Nuclear Power Project has been jinxed ever since it was thought of. It was first talked about in 1988 when the Soviet Union agreed to build a plant in India and also supply it fuel. The Soviet Union broke up soon after. Rediff.com's A Ganesh Nadar spoke with Swapnesh Kumar Malhotra.
Maruti being the market leader with a disproportionately high share of the passenger car market helped its component makers grow as an industry all these years and hence, the exit from a segment is a jolt if not a big setback.
The cess levied on top of the maximum 28 per cent tax rate on petrol vehicles with capacity to carry 10-13 persons has been reduced to 1 per cent and the same for diesel vehicles has been cut to 3 per cent.
Three Indians were on Wednesday killed in a Taliban suicide attack on a NATO supply company's compound in Kabul.
Retail inflation remained above the RBI's comfort level for the second consecutive month despite slipping slightly to 6.26 per cent in June while the factory output recorded a growth of 29.3 per cent in May, mainly on account of the base effect, the government data showed. The marginal slippage in the Consumer Price Index (CPI)-based inflation was noticed despite little firmness witnessed in the food inflation which inched up to 5.15 per cent in June from 5.01 per cent a month ago. Retail inflation based on Consumer Price Index (CPI) was 6.3 per cent in May 2021 and 6.23 per cent in June 2020.
By 2025, natural gas will comprise 20% of the Indian primary energy basket. Natural gas will substitute crude oil for a host of applications due to its non-polluting and economic nature.
India must formulate a new growth path to become a top Asian economy.
CARE Ratings, in a report, said it foresees an increase in the retail prices of petrol and diesel in the coming few days, depending on how the oil markets react in the reduction in supply from the cartel.
A weaker rupee might stimulate Indian exports and nullify some of the effects of Chinese devaluation.
Amid controversies, claims and counter-claims, the Centre has unveiled the text of safeguards agreement reached with IAEA. Under the agreement India will place its civilian nuclear facilities under IAEA safeguards to facilitate full civil nuclear cooperation between India and members of IAEA.
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