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Industrial production slows to 2.7% in May

Last Updated: Friday, July 10, 2015, 17:57

The factory output, measured by the Index of Industrial Production (IIP), slowed to 2.7 percent in May, compared with a revised 3.36 percent in April, according to the government data released on Friday.

Tata Motors says to double defence revenues over next three years

Last Updated: Friday, July 10, 2015, 16:07

Tata Motors Ltd plans to double the revenue from its defence business over the next three years to $600 million, betting on the government`s push for more local defence manufacturing, a top company official said on Friday.