Automobile sales accelerate in 2016, but fall in December: SIAM

Tue, 01/10/2017 - 22:50

New Delhi, Jan 10 (IANS) The Indian automobile sector sold a total of 21,901,572 units across segments and categories to record a growth of 9.17 per cent during 2016, however, the negative impact of demonetisation was seen in December's sales numbers, industry data showed on Tuesday.


Railways eyes Rs 16,500 cr through non-fare revenue

Tue, 01/10/2017 - 21:50

New Delhi, Jan 10 (IANS) Railway Minister Suresh Prabhu on Tuesday announced several policy initiatives to increase the non-fare revenue of the Indian railways by around Rs 16,500 crore in the next ten years.


Air India seeks explanation from FlightStats

Tue, 01/10/2017 - 21:38

New Delhi, Jan 10 (IANS) National passenger carrier Air India on Tuesday sought explanation from data services company FlightStats for its report that ranked Air India as the third worst global performer in terms of on-time operations in 2016.


SpiceJet clocks highest December OTP in Delhi

Tue, 01/10/2017 - 21:34

New Delhi, Jan 10 (IANS) Budget passenger carrier SpiceJet on Tuesday reported that it clocked the highest industry on-time performance (OTP) for the key metro airport of New Delhi during December 2016.


ABB wins $640 mn contract from Power Grid for transmission link

Tue, 01/10/2017 - 21:04

New Delhi, Jan 10 (IANS) Multinational power equipment maker ABB's Indian arm on Tuesday announced it has won a contract worth over Rs 4,350 crore ($640 million) for a power transmission link of over 1,800 km that will bring electricity to more than 80 million people in India.


53 trains delayed, 14 cancelled due to fog

Tue, 01/10/2017 - 19:58

New Delhi, Jan 10 (IANS) Thousands of passengers were stranded as at least 53 trains were delayed and 14 cancelled due to dense fog in parts of north India on Tuesday, a railway official said.


Mauritius top source of FDI in India

Tue, 01/10/2017 - 19:46

Mumbai, Jan 10 (IANS) Mauritius provided the maximum inward foreign direct investment, accounting for 20.8 per cent of FDI in India, followed by the US, Britain, Singapore and Japan till the end of the last fiscal, the RBI said on Tuesday.


Two realty majors float entity with $50 mn investment

Tue, 01/10/2017 - 19:36

New Delhi, Jan 10 (IANS) Online real estate service providers and on Tuesday announced setting up Real Estate Agency (REA) Group Ltd with $50 million (Rs 341 crore) investment.


Hopes of positive Q3 results, budget sops lift equities (Roundup)

Tue, 01/10/2017 - 19:32

Mumbai, Jan 10 (IANS) Hopes of positive third quarter (Q3) results, along with expectations on more spending support from the upcoming Union Budget and a strengthened rupee lifted the key Indian equity markets to close at eight-week high levels on Tuesday.