95 companies have set up mobile plants in India: IT minister Ravi Shankar Prasad

95 companies have set up mobile plants in India: IT minister Ravi Shankar Prasad

Information technology minister Ravi Shankar Prasad said on Sunday that 95 mobile manufacturing companies have set up their plants under the new government. “Today, 95 mobile manufacturing factories have come in India and India is becoming a big hub of...
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US defence firms want control over technology in Make in India plan

US defence firms want control over technology in Make in India plan

US defence firms offering to set up production lines in India to win deals worth billions of dollars want stronger assurances they won’t have to part with proprietary technology, according to a business lobby group’s letter to India’s defence minister......
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India to buy 1 million tonnes Australian liquefied natural gas after new price maths

India to buy 1 million tonnes Australian liquefied natural gas after new price maths

India will buy an additional one million tonnes (mt) per annum of liquefied natural gas (LNG) from Australia’s Gorgon project after it got Exxon Mobil Corp to cut price agreed to eight years ago. Exxon will charge 12.5% of prevailing Brent...
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India may produce surplus power this fiscal: Fitch Ratings

India may produce surplus power this fiscal: Fitch Ratings

Subdued demand growth, consistent capacity additions and better networks may result in India producing surplus power in the current fiscal, although sporadic outages continue and 24 per cent households are yet to be electrified, according to the latest report ...
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Raghuram Rajan: For high growth, India must resolve problem of bad loans, revive stalled infra projects

Raghuram Rajan: For high growth, India must resolve problem of bad loans, revive stalled infra projects

India must fix the balance sheets of its banks and debt-ridden companies, work to revive the stalled infrastructure projects, especially in the power sector, and focus on exports, if it is serious about getting its economy back on track, former...
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AirAsia India adds one A320 aircraft, to launch 3 new routes

AirAsia India adds one A320 aircraft, to launch 3 new routes

Domestic budget carrier AirAsia India on Friday said it has inducted a new Airbus A320 aircraft in its fleet and will commence flight services to three new routes from Ranchi from next month. AirAsia India will introduce flights from Ranchi...
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