Modi’s ‘Make in India’ push to depend on Chinese steel
NEW DELHI: India’s steel consumption is expected to grow at its fastest pace in five years next year on Prime Minister Narendra Modi’s infrastructure push, but a scarcity of raw materials means it will be at the expense of another key goal — curbing imports. In his triumphant election... read more »
Sensex, Nifty slip after hitting all-time highs
MUMBAI: Both the indices — Sensex and Nifty — slipped into negative zone after hitting all-time highs in early trade on fresh selling, mainly in capital goods and refinery stocks, despite buying in FMCG and healthcare counters. The sensex resumed higher at 27,919.45 and firmed up further to an... read more »
Domestic car sales decline 2.55% in October
NEW DELHI: Domestic passenger car sales declined 2.55 per cent to 1,59,036 units in October from 1,63,199 units in the year-ago month. Motorcycle sales last month also declined 8.73 per cent to 10,08,761 units from 11,05,269 units a year earlier, according to data released by the Society of Indian... read more »
Jayant Sinha Takes Charge as Minister of State in Finance Ministry
Indian Institute of Technology (IIT-Delhi) and Harvard Business School alumnus Jayant Sinha today took charge as Minister of State in the Finance Ministry. Mr Sinha was briefed by senior officials in the Ministry soon after taking charge. He assumes office at a time when the ministry is preparing... read more »
