Germany to finance strategic infrastructure projects in India
Uploading Date : 25-01-2017Germany is set to finance long-term strategic projects in India particularly in the railway, infrastructure and smart cities sectors as part of efforts to support India's "growth story", a top German official has said..............
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Budget 2017: FM may give sops to PoS, micro ATM makers
Uploading Date : 25-01-2017To promote digital payments, the upcoming budget may offer incentives to companies which manufacture equipment like PoS machines and micro ATMs...........
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Government invites bids from advisers for selling 26% in BEML
Uploading Date : 24-01-2017Government has kick-started the process of strategic sale of 26 per cent equity in BEMLBSE 0.59 %, inviting bids from advisers on the issue. The selected adviser would be required to manage the bidding process and assist government in fixing the range of the fair reserve price while considering the valuation of BEML -- the heavy equipment maker with presence in various sectors including defence........
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HDFC Bank Q3 profit up 15 per cent, beats estimates
Uploading Date : 24-01-2017Net profit was Rs 3870 crore ($567.91 million) for the three months to December 31, compared with Rs 3357 crore reported a year ago, said HDFC Bank, the most valuable bank in the sector.............
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Chinese entry into power sector raises security fears
Uploading Date : 21-01-2017Indian power equipment manufacturers have raised alarm over vulnerability of the country's transmission networks to hacking as Chinese companies make steady inroads into SCADA (supervisory control and data acquisition) systems being added to smarten up city grids...........
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'Indian banks will boost low interest rate funding for businesses'
Uploading Date : 21-01-2017Lower interest rate funds from local banks will boost lending for businesses in India, following the demonetisation which has bloated deposits, a senior business consultancy executive said here today.......
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Modi government's new power plan: Heavy electricity users will now pay lower tariffs
Uploading Date : 14-01-2017Major reforms of power tariffs are on the horizon as an official committee has recommended lower tariffs for heavy users to encourage electricity consumption as the country moves from a deficit to surplus situation. In India, power consumers have always been paying higher bills for higher consumption.........
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Oil prices drop on OPEC deal concern
Uploading Date : 14-01-2017Oil prices have ended lower on rising concerns over the extent to which the OPEC (Organization of the Petroleum Exporting Countries) member countries would implement the output cut deal.........
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