Home Business Railways To Offer ‘One India-One Ticket’ For Delhi-Ghaziabad Namo Bharat Trains; 120 Days Advance Booking Allowed Passengers can reserve an IRCTC train e-ticket and include Namo Bharat train tickets for up to eight travelers in a single booking under ‘One India-One Ticket’. Namo Bharat Train (File Photo/Wiki) The Indian Railway and the National … Read more
NEW DELHI: Government expects a good monsoon to spur farm sector activity and help sustain the growth momentum, while projecting a GDP expansion of around 7% during current financial year.Government’s estimate, which is in line with RBI’s projection, is based on an assessment that domestic economic activity remains resilient on the back of strong investment … Read more
NEW DELHI: Higher than estimated nominal GDP, helped the Centre close 2023-24 with a fiscal deficit of 5.6% of GDP, compared with govt’s projection of 5.8% in revised estimates (RE), providing further cheer to mandarins in North Block.Latest data released by the Controller General of Accounts pegged the fiscal deficit at Rs 16.5 lakh crore, … Read more
NEW DELHI: Finance minister Nirmala Sitharaman on Friday said there has been no leniency in recovering bad loans, especially from large defaulters, and banks have turned around, reporting record profit of over Rs 3 lakh crore last year, from being a “cesspool of bad loans, vested interests, corruption and mismanagement” during UPA regime.On the day … Read more
NEW DELHI: After paving the way for joint ventures, such as, JSW-MG Motor India, govt is willing to give green light to Chinese companies to dilute their stakes in Indian ventures.While the decision will still be on “case-by-case” basis, with security concerns being paramount, it could also lead to Xiaomi and some of the other … Read more
NEW DELHI: FM Nirmala Sitharaman on Thursday said that the seven-year-old Insolvency & Bankruptcy Code (IBC) has helped rescue 3,171 distressed companies and assisted in the closure of unviable ones — a sharp contrast to less than 3,500 cases being resolved by the erstwhile Board of Industrial and Financial Reconstruction (BIFR) during its life of … Read more
NEW DELHI: Sun Pharma — India’s largest drugmaker — has reached a milestone as global sales of its innovative drugs crossed $1 billion in FY24, marking substantial growth for the company since it established its presence in the fast-growing US speciality market over a decade ago. Spurred by the huge potential, the company plans to … Read more
NEW DELHI: Country’s sole surviving homegrown mobile phone brand Lava has recast its board after its co-founder Hari Om Rai resigned, months after his arrest by ED on money laundering charges, and is looking to tap private equity player to raise around Rs 600 crore for launching new smartphones.Former BSNL chairman Anupam Srivastava and former … Read more
NEW DELHI: In a first for Indian airlines, IndiGo clocked nearly $1 billion in annual profit last fiscal. The airline is also planning to get comfortable for premium passengers by introducing a “tailor-made” business class on “India’s busiest and business” routes by the year-end — a major evolution in its 18-year-old no frills policy.The Rahul … Read more
NEW DELHI: Growth in the country’s core sector rose to a three-month high in Feb, led by double-digit expansion in three of eight segments but the fertiliser sector contracted for second consecutive month.Data released by the commerce and industry ministry on Thursday showed the infrastructure sector, spanning coal, crude oil, natural gas, refinery products, fertilisers, … Read more