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  • Govt to infuse Rs 83,000 cr in PSBs in next few months: Jaitley

    21 December, 2018 1:17 AM 110

    New Delhi: Finance Minister Arun Jaitley Thursday said the government will infuse Rs 83,000 crore in public sector banks in the next few months of the current fiscal. Earlier in the day, the government sought Parliament's approval for infusion of an additional Rs 41,000 crore in the state-owned banks through the second batch of Supplementary Demands

  • ICICI Lombard launches AI-based solution for motor policies

    20 December, 2018 12:35 PM 107

    Mumbai: Non-life insurer ICICI Lombard has launched an artificial intelligence-based solution to facilitate instant renewals of expired or lapsed motor insurance policies. The AI-based solution has been developed by ICICI Lombard in collaboration with Microsoft. The feature will allow the user to capture images of his/her car (the insurance for which

  • RCom, Jio officials meet telecom secy to resolve issues around spectrum trading deal

    20 December, 2018 6:07 AM 145

    Total debt on RCom is estimated to be around Rs 46,000 crore. New Delhi: Senior officials of debt-ridden Reliance Communications and new telecom operator Reliance Jio Wednesday met Telecom Secretary Aruna Sundararajan to resolve issues flagged by the Department of Telecom (DoT) around payment related to the spectrum sale deal between the two firms

  • India becoming world's fastest growing economy, Rajya Sabha informed

    20 December, 2018 4:59 AM 97

    This is borne by GDP growth of 7.6 percent in the first half of 2018-19. New Delhi: Indian economy is projected to be the fastest growing major economy in 2018-19 and 2019-20 as per International Monetary Fund October 2018 database. The figure was stated by Minister of State for Finance Pon Radhakrishnan in a written reply to a question raised in Rajya

  • Karnataka records highest per capita NSDP among major states, Delhi tops overall

    19 December, 2018 1:02 PM 156

    New Delhi: Karnataka had the highest per capita Net State Domestic Product (NSDP) at Rs 1,81,788 in FY 2017-18 followed by Telangana at Rs 1,81,034 and Maharashtra at Rs 1,80,596 among major Indian states, at current prices, a government data showed on Wednesday. Country's capital territory Delhi recorded the highest per capita income among all states

  • Cabinet approves expansion of beneficiaries list under Pradhan Mantri Ujjwala Yojana

    18 December, 2018 7:38 PM 119

    It may be recalled that PMUY was launched in May 2016. New Delhi: The Cabinet Committee on Economic Affairs (CCEA) cleared the proposal of Ministry of Petroleum and Natural Gas to release deposit free LPG connections to poor families, who have not been considered earlier for release of LPG connections under Pradhan Mantri Ujjwala Yojana (PMUY)

  • Ola to invest $100mn in scooter sharing startup Vogo

    18 December, 2018 10:16 AM 156

    New Delhi: Ride hailing platform Ola Tuesday said it is investing USD 100 million in scooter-sharing platform Vogo. “As part of this partnership, Ola will boost Vogo’s supply by investing in 100,000 scooters on the Vogo platform, worth $100Mn,” a company statement said. The company said that this infusion will give Vogo a strategic supply advantage without

  • Industrial output sets tone for robust economic growth: India Inc on IIP data

    13 December, 2018 9:18 PM 136

    New Delhi: India Inc on Wednesday cheered the encouraging October industrial production and said it sets the tone for a robust economic growth in the second half of the fiscal. India's industrial output grew at an 11-month high of 8.1 percent in October mainly on the back of mining, power and manufacturing sectors coupled with higher offtake of capital

  • Govt mulls additional Rs 30,000 crore capital infusion in PSU banks

    13 December, 2018 1:54 PM 181

    Due to subdued market conditions, banks have been unable to raise enough funds from the markets so far. New Delhi: The government is considering additional capital infusion of up to Rs 30,000 crore in public sector banks as they have been unable to raise required funds from the markets, sources said. As part of the capital infusion plan announced by the Finance

  • Indian Railways to install aircraft-like black box systems in trains

    13 December, 2018 7:32 AM 141

    Rs 100 crore has been allocated by the railways for installing it. New Delhi: The Indian Railways is soon going to install aircraft-like black box systems in trains. Minister of State of Railways, Shri Rajen Gohain in a written reply to a question in Lok Sabha has informed. “Similar to Black Box, Indian Railway has started installing Loco cab audio video