That the government was planning such a move was reported in Mint on 6 December. New Delhi: To reduce dependence on fossil fuels, India will spend at least Rs 22,500 crore in the next eight years to promote electric and hybrid vehicles, of which the gove
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With a rising burden of provisioning for bad loans amid pressure on interest margins, state-owned Bank of India [ Get Quote ] is working to reduce non-performing assets by Rs 2,600 crore (Rs 26 billion) by March 2014. The need to conserve profits to stre
New Delhi:CBI will soon begin its probeinto the alleged payment of Rs 362 crore bribe in India by anItalian aerospace firm to clear a Rs 3600 crore helicopterdeal for ferrying VVIPs. The agency today received a complaint from the DefenceMinistry seeking
Chennai-headquartered Metroplots Pvt Ltd, the company that owns and operates theÂ residentialÂ property transaction portal Metroplots.com, has recently revamped the site, introduced value-added features and launched mobile apps for Android and iOS platfo
Isuzu, the Japanese vehicle manufacturer, has launched two of their vehicles in Hyderabad, where their lone dealership in the country was recently announced. Both, MU-7 and D-Max are now available at a launch price of INR 23.75 lakhs and INR 6.87 lakhs.
NEW DELHI: The Finance Ministry today cleared four foreign direct investment (FDI) proposals in single brand retailing, including that of Decathlon and Fossil Inc, worth about Rs 750 crore, sources said. Foreign Investment Promotion Board (FIPB), headed
NEW DELHI: Sensing urgency to strengthen security infrastructure across the country to meet day-to-day law and order challenges, the Centre has approved the proposal for continuation of special schemes to modernize police forces in states and earmarked a
There will be incentives and subsidies for all the stakeholders ... While the customer may get some tax incentive, the manufacturers may also get some subsidies. The idea is to offer direct subsidies on EVs (electric vehicles) to make them attractive to customers....