Business

Gadkari to inaugurate bridge over Ravi on Tuesday

Tuesday, 22 January 2019 10:46
Road Transport and Highways Minister Nitin Gadkari will on Tuesday inaugurate a 1,210-meter span-bridge over the Ravi river in Jammu and Kashmir which would reduce the distance between Kathua in Jammu and Patankot in Punjab by around 36 km. Constructed…

Sugar output up by 8% till January

Monday, 21 January 2019 16:16
India’s sugar production has increased by 8.32 per cent year-on-year to 14.6 million tonnes till January 15 but overall output at the end of the season will be lower than the previous year, the Indian Sugar Mills Association (ISMA) said…

Indian billionaires’ wealth grew daily by Rs 2,200 cr last year: Oxfam

Monday, 21 January 2019 16:13
The fortunes of Indian billionaires grew by an astronomical 35 per cent per day last year, or by Rs 2,200 crore daily, while the poorest 10 per cent of the country have continued to remain in debt since 2004, according…

Kotak Mahindra Bank’s Q3 standalone net profit up 22.6%

Monday, 21 January 2019 16:09
Kotak Mahindra Bank on Monday reported a 22.57 per cent increase in its standalone net profit during the October-December quarter on a year-on-year basis. Its standalone net profit stood at Rs 1,290.93 crore, up from Rs 1,053.21 crore recorded during…

Automated guided vehicle may cost just Rs 1 lakh

Monday, 21 January 2019 16:06
Here is good news for the micro small medium enterprise (MSME) sector in India. Under technology innovation, a move is on to bring down the price of automated guided vehicles (AGVs), which are used for moving materials in the industry,…

China’s economic growth rate slowest since 1990

Monday, 21 January 2019 15:43
China’s economy grew 6.6 per cent in 2018, the weakest annual performance since 1990, confirming a slowdown in the world’s second-largest economy that could threaten global growth, according to official data on Monday. China’s growth in 2018 was down from…

Uber exploring autonomous bikes, scooters option

Monday, 21 January 2019 15:34
Resuming its self-driving programme, global ride-sharing major Uber has hired a “micromobility robotics” team to work on autonomous bikes and scooters. The company is working to develop electric scooters and bicycles which can drive themselves around cities in order to…

Jaitley to be back to present Budget on Feb 1

Monday, 21 January 2019 15:33
Finance Minister Arun Jaitley, who is in the US for a medical check up, will return home on Friday, well ahead of the Budget presentation on February 1, official sources said. “The Finance Minister is set to return on the…

Railways fail on job front, reveals an RTI reply

Sunday, 20 January 2019 17:08
Consider these statistics:* Over the years, the Indian Railways is unable to fill vacancies * Till November, 2018, 266,790 Group C & D posts were vacant * Total No of railway employees during 2016-17 was 13,08,323 * Total No of…

Airbus delivers India’s first ACH145 helicopter

Thursday, 17 January 2019 20:22
Aerospace major Airbus’ ACH145 twin-engine helicopter has entered into India’s private and business aviation market, a fully customised version being developed to Adar Poonawalla, CEO and Executive Director of Serum Institute of India, the world’s largest vaccine manufacturer by doses.…