Hotel industry to see modest 6% growth in FY16: ICRA

Last Updated: Tuesday, June 30, 2015, 19:26

The revenue growth for the industry is expected to remain weak in the first half of 2015 with a growth rate of just 3 to 4 per cent and operating margins are likely to be flat, it said.

IPDS to strengthen power transmission, distribution network

Last Updated: Sunday, June 28, 2015, 19:58

Highlighting the government's Domestic Efficient Lighting Programme (DELP) and LED-Based Smart Street Light programme, Goyal said for promoting energy efficiency in Varanasi nearly 36,000 street lights would be replaced with efficient and smart LED lights that would save around Rs 31 crore annually to municipal corporation here.

Suzlon to focus on domestic market, plans offshore mills in Gujrat

Last Updated: Sunday, June 28, 2015, 17:00

"We are growing aggressively in the domestic market and now we are going to introduce S11 turbines, which has 111 metre rottar blade. The energy production will go higher by 20 per cent once S111 turbines start working," Suzlon group Chairman and Managing Director Tulsi Tanti said here.

Government plans to set up Rs 500 cr VC fund for pharma industry

Last Updated: Sunday, June 28, 2015, 16:05

In the report, the task force has suggested that DoP may launch a scheme for giving financial assistance in form of soft loan or interest subsidy for upgradation of selected manufacturing facilities to the industry.

New scheme for supplying uninterrupted power to rural areas

Last Updated: Saturday, June 27, 2015, 18:05

The surcharge of consumers who pay the principal amount in five equal installments will be waived off, he added.

Indigo likely to file papers for Rs 2,500-cr IPO next week

Last Updated: Friday, June 26, 2015, 23:35

Leading airline IndiGo is likely to soon approach market regulator Sebi with its IPO plan to raise an estimated Rs 2,500 crore.

DGCA asked to analyse airfare movements in past 5 years

Last Updated: Friday, June 26, 2015, 19:16

The government has asked aviation watchdog DGCA to conduct a detailed study of airfares charged by domestic airlines in high density routes during the past five years, amid allegations that carriers steeply hike ticket prices during peak travel seasons.

'Passenger vehicles' domestic volumes may grow 5-7% in FY16'

Last Updated: Wednesday, June 24, 2015, 19:27

The domestic passenger vehicle (PV) industry's volumes are likely to grow by up to 7 percent this financial year, riding mainly on first-time buyers, according to a report by ICRA.

PNB cuts rate on FD on select maturities by up to 0.25%

Last Updated: Tuesday, June 23, 2015, 20:14

The bank has slashed the interest rate by 0.25 percent from 7.75 percent to 7.50 on term deposits with 180 days to one year tenure.

Only 0.35% domestic LPG users gave up subsidy

Last Updated: Sunday, June 21, 2015, 11:51

Three months after Prime Minister Narendra Modi launched the 'Give It Up' campaign, only 0.35 per cent of the domestic LPG consumers have so far given up using subsidised cooking gas.

RBI favours for calculation of FII G-Secs limit in Rupee terms

Last Updated: Friday, June 19, 2015, 22:51

The Reserve Bank of India has suggested Finance Ministry to set limits for investment in government securities in domestic currency instead of dollar as it would provide more headroom for investment by FIIs.

Propelled by summer bookings domestic air travel clocks profit

Last Updated: Friday, June 19, 2015, 17:36

All Indian carriers together ferried a total of 71.27 lakh passengers in May as compared to 60.22 lakh passengers during May 2014, according to Directorate General of Civil Aviation (DGCA) data for the month.