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Railways to Link Auto Hubs, Says Gowda

Railways to Link Auto Hubs, Says Gowda

VELLORE: Soon, automobile hubs in the country will be lined through an automobile freight train to decongest traffic on road, reduce the carbon footprint and shorten the duration of transport of the finished cars. Flagging of South India’s first automobile double-deck train at Melpakkam near... read more »

One-time income helps Jet Airways sniff ...

One-time income helps Jet Airways sniff profit, loss narrows by 96%

MIn the same period a year ago, the company reported a net loss of Rs 891 crore. The airline, however, said the better set of numbers is on account of operational restructuring, higher yield and expansion of code-share agreements with other carriers. The airline had earlier this week said from 1... read more »

Gold, silver at multi-year lows on overs...

Gold, silver at multi-year lows on overseas cues

NEW DELHI: Gold and silver prices slumped to their multi-year lows to trade at Rs 25,800 per 10 grams and Rs 34,900 per kg, respectively in the national capital today amid weak cues from global markets as strengthening dollar curbed demand for the precious metals. In addition, absence of buying by... read more »

Hope to make India power surplus by 2019...

Hope to make India power surplus by 2019: Piyush Goyal

NEW DELHI: The government is working towards making India a power surplus country by 2019, minister of state for power, coal and renewable energy Piyush Goyal said on Thursday. He said that ensuring the availability of power on a 24×7 basis was one of the most pressing challenges the Narendra... read more »

More from Business

Records tumble as Sensex, Nifty hit at new highs on inflows

Riding high on capital inflows, the benchmark Sensex on Thursday rose 77.96 points to end at new peak of 26,638.11 and logged the seventh straight month of gains in August as investors... read more »

HC rejects Kingfisher’s plea against move by banks

UBI files caveat in SC against Kingfisher

State-owned United Bank of India (UBI) has filed a caveat in the Supreme Court against Kingfisher Airlines (KFA). “We filed the caveat today against KFA,” Executive Director of UBI D.... read more »

ADB to provide up to $9 bn loan to India over 3 years

Committing to support infrastructure development in India, Asian Development Bank on Wednesday said it will provide up to $7-9 billion loan to the country over the next three... read more »

Kal cables challenges licence cancellation

The Union Information and Broadcasting Ministry has cancelled the provisional and permanent registration of the multi-system operator, part of Kalanithi Maran-headed Sun Group. Even as the... read more »

12 Indian firms among Forbes Asia’s Fabulous 50

A dozen Indian firms figure in this year’s Forbes Asia’s Fabulous 50 list of the region’s best big publicly traded companies. China boasts the most companies on the list, as it has for the last... read more »