ED slaps Mallya with money-laundering case

New Delhi/Mumbai, March 7 (IANS): The Enforcement Director (ED) on Monday registered a money-laundering case against founder of now defunct Kingfisher Airlines and liquor baron Vijay Mallya, official sources said.   “We have filed a case against Mallya on Monday. The case is specifically based on the case registered by the CBI against him and […]

Electrification of 6,000 out of 18,500 villages completed: Govt

New Delhi, March 5 (PTI): Electrification has been done in 6,000 of the 18,500 unelectrified villages and the renewable energy capacity has reached 39.5 Giga Watts, a meeting chaired by Prime Minister Narendra Modi was told.   At the two-and-a-half hour meeting to review the progress of key infrastructure sectors here on Friday, Modi also […]

More trouble for ‘Freedom 251,’ Adcom to sue Ringing Bells

New Delhi, March 5 (IANS): In a yet another blow to Noida-based startup Ringing Bells Pvt. Ltd. that last month launched with much fanfare the world’s cheapest Rs.251 (less that $4) smartphone, domestic feature phone brand Advantage Computers’ (Adcom) on Friday announced it would take legal action against Ringing Bells.   During the launch last […]

BMW sees radical new future in world of driverless cars

BMW sees radical new future in world of driverless cars

Geneva, March 4 (REUTERS): After a century building what it calls the “ultimate driving machine”, BMW is preparing for a world in which its customers will be mere passengers, and the cars will do the driving themselves.   Days before BMW’s 100th birthday, its board member for research and development described plans for a completely […]

126 drugs cheaper by over 40% as govt fixes ceiling

New delhi, March 4 (PTI): Government has fixed the ceiling price of 530 essential medicines that has resulted in price reduction of over 40% in case of 126 drugs, Parliament was informed today.   “National Pharmaceutical Pricing Authority (NPPA) has fixed the ceiling price of 530 medicines, out of 680 NLEM medicines (628 net medicines) […]

Govt to hike natural gas price by about 60%; ONGC, Reliance to gain

Govt to hike natural gas price by about 60%; ONGC, Reliance to gain

New Delhi, March 3 (PTI): Since this rate is not enough to incentivise exploration, the government plans to price undeveloped gas discoveries in deep-sea, ultra-deep sea and high-temperature, high-pressure areas using an average of landed price of naphtha, fuel oil and liquefied natural gas (LNG), Economic Affairs Secretary Shaktikanta Das told PTI in an interview. […]

Maruti Suzuki to hike car prices

NEW DELHI, March 3 (Reuters): Maruti Suzuki India Ltd, India’s top-selling carmaker, will raise the prices of its passenger vehicles by up to 34,494 rupees ($512), after the government imposed a new ‘green’ tax on all cars sold in the country.   The price of its smart hybrid models, which are exempt from the new […]

India at 90th rank in terms of energy security, access: WEF

Geneva/New Delhi, March 2 (PTI): India has been ranked at the 90th place in a list of 126 countries compiled by WEF on the basis of their ability to deliver secure, affordable and sustainable energy, which was topped by Switzerland.   The latest Global Energy Architecture Performance Index Report, explored the energy architecture of 126 […]

Mukesh Ambani again tops 84 Indian billionaires in Forbes list

Washington, March 2 (IANS): Reliance Industries chairman Mukesh Ambani again topped 84 Indian billionaires in Forbes 2016 list of the world’s richest people once again headed by Bill Gates with a net worth of $75 billion.   Mukesh Ambani with a net worth of $19.3 billion was ranked 36th among world’s 1,810 billionaires with an […]

Less than half of notified SEZ area utilised

New Delhi, March 2 (PTI): Of the total notified area of 45,883 hectares covering 347 special economic zones (SEZ), only 18,913 hectares has been utilised for their development, Parliament was informed today.   “The reasons for delay in operationalisation of SEZs may, inter alia, be attributed to downward trend in the industries during the recent […]