It is Congress Party’s “to be or not to be” moment : Will Priyanka Gandhi contest election from Varanasi or not? Rahul Gandhi’s evasive answer to the question has further deepened the suspense. With two phases of elections already over, how long can the grand old party of India play the waiting game? What might […]
SpiceJet, the most aggressive of India’s low-cost carriers, launched 10 new flights under the government-supported UDAN scheme, including eight to Gwalior and four connecting Bhopal. Gwalior will be SpiceJet’s 52nd domestic destination. The move will make the airline the only one to offer daily direct flights on several sectors, such as Gwalior-Hyderabad, Gwalior-Jammu, Gwalior-Bengaluru and Gwalior-Kolkata. […]
Public sector company Bharat Electronics Ltd said it will manufacture and export $33 million (Rs 230 cr) worth of optical and infrared imaging systems to Israel’s Elbit Systems Electro-Optics Elop Ltd (ELOP). The systems are being manufactured under license from, and using the technology supplied by, the Israeli company. “With this, BEL is in a […]
The government has cut the Goods and Services Tax rate on under-construction estate properties to 1% from 8% for affordable housing, and to 5% from 12% on non-affordable housing projects. In both cases, the buyer cannot take advantage of input tax credits — the GST already paid by the builder on various expenses incurred in […]
Consumers planning to purchase a vehicle towards the end of this year may consider postponing their purchase as automakers may offer big discounts in February and March in an attempt to flush out old stock ahead of the shift to BS-VI fuel standards. According to a judgement by the Supreme Court, no automaker can sell […]
Mahindra Jawa, the reincarnation of an old Polish motorcycle popular in the 1960s through the 80s, has been sold out till September 2019, company officials said, promising that the bike will be launched “soon”. “We are sold out till September 2019 based on the production capacity we have planned and the bookings we have had,” […]
The number of Indians going to the Gulf region for employment has seen a sharp decline in the last three years, according to statistics from the ministry of external affairs. A total of 3.4 lakh Indians obtained emigration clearance in 2018 to go to the 18 countries that require such clearance, a fall of 35% […]
Strides Pharma said the US Food & Drug Administration completed an inspection of the company’s primary manufacturing facility in India with zero adverse observations. The company’s formulations facility at KRSG Gardens in Bangalore was inspected by the USFDA for good manufacturing practices in August 2018 and November 2018. Strides Pharma said it received the Establishment […]
Booking has started for the 550 flats at Swaminarayan City, a 148-acre complex built around the upcoming Swaminarayan temple in the Mumbai suburb of Dombivali, real estate consultant ANAROCK said. Built by the Swaminarayan religious group via Swaminarayan Life Space LLP, the project will primarily cater to devotees of Swaminarayan, the 19th century ascetic with […]
India-based telecom equipment maker Tejas Networks said it has signed an agreement to set up a ‘center of excellence’ in Kerala to mentor students and start-ups in the state. The center will focus on training, skills development and mentoring of college students, young entrepreneurs and high-potential electronics startups in the state. “Senior technologists from Tejas […]
The NDA government has given a major sop to tax payers by doubling the exemption limit for GST payment and compliance from Rs 20 lakhs per year to Rs 40 lakh. Under the earlier law, people and establishment providing goods and services worth more than Rs 20 lakh had to get registered and comply with […]
Justice UU Lalit, who was part of a constitutional bench that was set up to hear the controversial Ram Temple Babri Masjid matter today, today recused himself from the bench hearing the matter. The judge withdrew himself after one of the advocates RK Dhawan pointed out that Justice Lalit had represented one of the implicated […]
Following the intimation given last month, Maruti Suzuki increased the prices of its cars by up to Rs 10,000 with effect from today. The price change is applicable “for select models owing to increase in commodity prices and foreign exchange rates etc,” said the automaker, which accounts for about 50% of the cars sold in […]
A five-judge bench headed by the chief justice Ranjan Gogoi will start hearing the Ayodhya Ram Temple dispute from day after tomorrow. The constitutional bench will also comprise judges NV Ramana and DY Chandrachud. It is not clear yet whether the hearing will done on a day-to-day basis. The Ayodhya debate centres around the land […]
Marine products, especially shrimps, are among the most restricted items of import from India, according to data released by the ministry of commerce and industry today. Four of India’s major export markets — Saudi Arabia, Kuwait, Canada and Australia — have restrictions on shrimp import from India, according to the ministry. Saudi Arabia and Kuwait […]
Last Week’s clarification by the Union Finance Ministry that GST exemption is available only for properties with completion certificate is likely to hit real estate developers, a prominent consultancy firm said. The ministry had last week said that buyers have to pay Goods & Services Tax on any new flat that did not come with […]
The Kaiga Atomic Power Station in Karnataka, developed using Indian technology, has set the world record for the longest uninterrupted operation. The 220 megawatt unit, operated by Nuclear Power Corporation of India Ltd, has produced power continuously for 941 days, breaking the world record of 940 days held by Heysham-Unit 2 of the United Kingdom. The record is […]
Pharma major Lupin said it got approval from the US Food & Drug administration to sell a generic equivalent to Biogen’s big-selling multiple sclerosis drug Tecfidera. Tecfidera has annual sales of $3.55 billion in the US, making it one of the biggest drugs in the market. The generic form of the drug is called Dimethyl Fumarate Delayed […]
Jain Irrigation said it won a Rs 584 cr order to set up an integrated micro irrigation project in Karnataka. The Singatalur Lift irrigation project is being implemented for irrigating drought prone areas of Huvinahadagali Taluk of Bellary district, Gadag and Mundargi taluks of Gadag district, Koppal and Yelaburga taluks of Koppal District Karnataka. Jain […]
The Tata Motors said global wholesales for the group for the month of November 2018, including Jaguar Land Rover, fell 7% on year to 104,964. Within this, commercial vehicle numbers fell by 6% and passenger vehicle numbers by 7%. Total CV wholesales, including Tata Daewoo, were at 38,535 nos. Passenger vehicles sales were at 66,429, […]
