Infra status for logistics sector
Uploading Date : 21-11-2017The Centre has granted infrastructure status to the logistics sector, allowing it to avail loans at competitive terms that come along with the status.
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Jaitley’s fiscal math will be tested by oil-price rally
Uploading Date : 21-11-2017With four months to go for the close of the fiscal year and $60 a barrel seen as the new normal for crude oil prices, Finance Minister Arun Jaitley and his team may have to work hard on their fiscal math for Union Budget 2018-19.
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L&T Construction bags Rs 8,650-cr order to build Mumbai Trans Harbour Link
Uploading Date : 18-11-2017Larsen & Toubro announced that the heavy civil infrastructure business vertical of L&T Construction bagged an order worth Rs 8,650 crore from Mumbai Metropolitan Region Development Authority (MMRDA) for the construction of Mumbai Trans Harbour Link, Package 01 & 03. The project involves the construction of a 21.8 km bridge connecting Mumbai mainland with Navi Mumbai.
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Toyota, Suzuki to introduce electric vehicles in India in 2020
Uploading Date : 17-11-2017In what would be a major push towards making widespread use of electric vehicles in the country, Japan’s Suzuki Motor Corporation (SMC) Friday said it has finalised an agreement with compatriot Toyota Motor Corporation (TMC) to introduce electric vehicles in India around 2020.
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Deutsche Bank bullish on shares of Jubilant FoodWorks on stellar Q2 results
Uploading Date : 16-11-2017Global research firm Deutsche Bank has raised its target price on the shares on Jubilant FoodWorks, after the exclusive India franchisee of Domino’s Pizza announced a two-fold rise in net profit in the latest quarter
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Ministry asks Apple to come up with new plan to make in India
Uploading Date : 15-11-2017The government has asked US tech major Apple Inc to come back with a fresh approach to its demands for manufacturing in India since the nodal Ministry has changed. The Ministry of Electronics and Information Technology (MeitY) is now mandated to assess the proposals that were earlier being looked into by the Ministry of Commerce and Industry.
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What ails India’s household economy?
Uploading Date : 14-11-2017The household sector is the largest segment of the Indian economy. In 2015-16, it accounted for 43.6% of gross value added (GVA) in the economy, while the private non-financial corporate sector, the second largest segment, accounted for 34.9%.
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New India Assurance tanks 10% on trading debut
Uploading Date : 13-11-2017State-run New India Assurance Co Ltd's shares fell as much as 10 per cent on their trading debut on Monday after a $1.5 billion initial public offering (IPO), as market participants baulked over the insurer's high valuation. The IPO of the country's biggest non-life insurer by premium, which saw the government and company raise a combined Rs. 9,600 crore ($1.47 billion), was subscribed 1.2 times the number of shares on offer, indicating low demand compared with other Indian IPOs this year.
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