Demonetization of 500- and 1000-rupee notes hurt the real estate sector in North India, while its impact on the sector in South India was negligible, according to Magicbricks’ PropIndex for Jan-March 2017. The report, brought out by the eponymous real estate classifieds site, also found that the builders were more willing to reduce prices in the aftermath of […]
India today announced among the biggest civil nuclear programs anywhere in the world, saying it will set up 7,700 MW of indigenously developed nuclear power plans. It is the first time that the country is creating so much capacity using local technology. Nearly all Indian nuclear plants are based on imported technology. Typically, India relies […]
Engineering conglomerate Larsen & Toubro entered into a contract with the Ministry of Defence, Government of India to supply of 100 units of 155mm, 52 calibre Tracked Self-Propelled Gun systems to the Indian Army. The contract valued at about ₹ 4500 crore, is the largest order placed by MoD on an Indian private company. This […]
India’s largest bank, State Bank of India, denied reports that it had scrapped the facility of providing free ATM transactions. The bank was responding to media reports that said that all transactions will be chargeable from now on. Under the Reserve Bank of India’s instructions issued in 2014, all banks must offer a certain number […]
Delhi Airport Metro Express Private Ltd, an associate company of Reliance Infrastructure, said it was awarded compensation of Rs 2,950 crore by a three member Arbitration Tribunal in a dispute with Delhi Metro Rail Corporation or DMRC. The tribunal was constituted from a panel nominated by DMRC. The Award to RInfra has been granted on […]
The Tata Motors Group global wholesales in April 2017, including Jaguar Land Rover, were at 73,691 nos., lower by 4%, over April 2016, the automaker said. Within this, commercial vehicle wholesales including Tata Daewoo were at 18,844, lower by 36%, over April 2016. Global wholesales of all passenger vehicles in April 2017 were at 54,847, […]
Government of India is yet to say ‘no’ to a request by Bharat Sanchar Nigam Ltd for the allocation of one block of spectrum in the precious 700 MHz band to enable it to launch 4G services in rural areas. The company had sought one block of 700 MHz spectrum in return for issuing new shares […]
A total of 579 Indians without valid visa were detected in and deported from the United States to India since 2014, according to the records of the ministry of external affairs. The number indicates a rise compared to previous years, when the such cases were much rarer. Many Indians choose to overstay their visas in […]
The Supreme Court has upheld the death sentence for the four adults convicted in the infamous ‘Nirbhaya’ rape case of Delhi. A three-judge bench said the act falls ‘beyond any doubt’ in the ‘rarest of rare’ cases that is suitable for death penalty. There were two judgements between the three judges, both of which agreed […]
The Anti-terror Squad of the Uttar Pradesh police has arrested a person on suspicions of being a spy for Pakistan’s Inter-Services Intelligence or ISI spy agency. Aftab Ali was nabbed from Faizabad. An official announcement giving details of the case is expected in a few minutes. The arrest comes in the background of a Pakistani […]
BJP spokesperson Ravi Shankar Prasad today attacked West Bengal chief minister Mamata Bannerjee using very sharp words for what he said was the pressure brought on the adivasi family to renege its connection with his party and become supporters of Bannerjee’s Trinamool Congress. “It is a matter of concern that the West Bengal, which used […]
Indian Railways saw an increase of 3.91% in the total number of reserved bookings in the financial year ended March 2017, according to data from the ministry of railways. A total of 52.35 cr (523 mln) passengers were booked in the reserved category during the year, reflecting the continued demand for long-distance rail travel. In comparison, […]
Fitch Ratings has upgraded its rating on Tata Motors by one notch, pointing to the automaker’s improving business performance. “The upgrade reflects the sustained improvement in TML’s Indian automotive business over the last two years, supported by growing commercial vehicle volumes, successful new product launches in the passenger vehicle segment, as well as the management’s […]
The Supreme Court has dismissed the government of India’s stand that it cannot appoint the Lokpal as there was no leader of the opposition. The court’s decision came on a bunch of petitions seeking the appointment of a Lokpal is likely to lead to the first ever appointment of an anti-corruption ombudsman in the country. […]
BJP 181 CONGRESS 31 AAP 46 OTHERS 12 The initial trends from the Delhi Municipal Corporation (MCD) elections indicate that the prediction of exit polls of a demise for the Aam Aadmi Party have turned out to be correct. The BJP is all set to come to power in the municipal corporation for the third […]
The Madras High Court has asked the government of Tamil Nadu not to open any liquor shops for three months after complaints that it did not comply with the Supreme Court order on relocating roadside liquor shops. Unlike in most states in India, alchohol shops in Tamil Nadu are run directly by the state government under a […]
The Bombay High Court has given bail to Pragya Singh Thakur in the 2008 Malegaon blasts that targeted Muslims in a ‘revenge attack’ for blasts carried out by Islamist terrorists in India. Pragya was given a bail even though she was refused the same by the trial court. The High Court decided to give her […]
After making the National Anthem mandatory in movie halls, the Supreme Court has moved on to the question of whether or not to make Vande Mataram, the national song of India, mandatory in schools. Taking up a petition on the matter, the Supreme Court today issued notice to the central government asking it for its […]
SpiceJet has chosen HSBC Bank as its partner for receiving UPI payments on its website. UPI or Unified Payments Interface is an advanced, easy-to-use, cheap and real-time payment platform designed by the National Payments Corporation of India. Unlike more expensive payment options such as Visa and Mastercard, UPI is available to most banking users in […]
SpiceJet added 19 new domestic and 3 new international flights under its revised summer schedule, taking its total daily flights to 360. New flights have been introduced in sectors like Surat-Jaipur, Surat-Hyderabad, Surat-Goa, Jammu-Dehradun, Jaipur- Chandigarh-Jammu, and Bengaluru-Thiruvananthapuram and Delhi- Thiruvananthapuram. It said flight frequencies have been enhanced on sectors including Dehradun-Delhi and Bengaluru-Vijayawada — […]
