The government proposes to end the cross-holding structure existing in the oil sector as it looks to further consolidate operations of public sector enterprises.
Plan and Policy
Plan & Policy
Dassault Aviation said it picked India’s Reliance Defence as a partner for a big military combat deal on its own, countering a French online media report that said the Indian government insisted on the firm as a condition of the contract. Interestingly, the French company’s statement came while Defence minister Nirmala Sitharaman is on a three-day visit to France.
The Income Tax Department searched media baron Raghav Bahl’s home and office on Thursday in connection with a case of alleged tax evasion, officials said.
Karnataka this year, until July 2018, has attr-acted Rs 77,807 crore industrial investment proposals, marking a 28.88 per cent increase in quantum of investment offers compared with same period last year.
As per the department of industrial policy and promotion (DIPP) data, Karnataka topped the list of investment offers, followed by Gujarat which received Rs 49,209 crore proposals, Rajasthan Rs 32,970 crore, Maharas-htra Rs 25,411 crore and Punjab at 5th position received Rs 19,522 crore investments proposals.
Cyclone ‘Titli’ made landfall on the eastern coast of the country early on Thursday claiming eight lives and wrecking havoc in Srikakulam and Vizianagaram districts of Andhra Pradesh, while causing widespread damage in neighbouring Odisha.
While no loss of lives were reported in Odisha, the very severe cyclonic storm left a trail of destruction in Gajapati and Ganjam districts of state, uprooting trees, electric poles and damaging hutments.
The IT Ministry has received more than 400 responses from companies, industry bodies and government departments on the draft personal data protection bill, and will take stock of suggestions before its proposed introduction in Parliament, according to a senior official. The deadline to submit suggestions on the government’s draft personal data protection bill closed on Wednesday.
The 15th finance commission on Thursday said there was no intention to penalise, in terms of devolution of funds, states that achieved better performance.
The Swedish home furnishing major, IKEA, held a ground-breaking ceremony of its third India store in Bangalore on Thursday. The 500,000 sqft store that will come up in 2020 near Nagasandra on Tumkur Road will be logistically connected to the Metro station.
Allaying concerns about the return of fuel subsidy regime, a top finance ministry official on Thursday said the government asking oil PSUs to subsidise petrol and diesel prices by Re 1 per litre was a one-time thing and it does not intend to ask them to do it again.
Mahindra & Mahindra, manufacturer of commercial vehicles on Thursday introduced new Mahindra Bolero pick-up with attractive features with a starting price of Rs 6.66 lakh to boost sales in the festive season.
The Mumbai-headquartered automaker is the market leader with 62 per cent market share led by Mahindra Bolero pick-up range in the small commercial vehicle segment. It competes with rivals Dost pick-up range from Ashok Leyland and Zenon pick-up series from Tata Motors.