Karnataka wants to become the electric vehicle capital of India

Bengaluru: The state of Karnataka aims to become the electric vehicle (EV) capital of India with investments worth Rs 31,000 crore (US$ 4.85 billion) from companies focusing on res...

PMI manufacturing rebounds in Aug

New Delhi: Purchasing Managers' Index (PMI) for August 2017 increased to 51.2 points from 47.9 points in July 2017, on the back of improvement in economic growth for FY18.

Natural rubber output up 11% in July; imports down 14%

New Delhi: India's natural rubber production grew 11 per cent year-on-year to 58,000 tonnes and imports reduced by 14 per cent year-on-year to 35,560 tonnes in July 2017.

After IPO success, Cochin Shipyard lines up Rs 2,800-cr expansion projects

Chennai: Cochin Shipyard Ltd, which recently completed its initial public offer (IPO), will utilize the funds from the issue to implement expansion projects worth Rs 2,800 crore (U...

Economists expect GVA to grow higher at 6.3-6.5% in Q1FY18

New Delhi: India's gross value added (GVA) is expected to rise by 6.3-6.5 per cent during the April-June 2017 quarter, driven by agriculture and government spending.

Ceramic industry to double turnover to Rs 50,000 crore by 2020

New Delhi: The ceramic industry in India is expected to witness a 100 per cent rise in its turnover by 2020 to reach Rs 50,000 crore (US$ 7.79 billion), on the back of growing dome...

Britannia to build ~1,000-cr plant in Maharashtra

Kolkata: Indian biscuits giant, Britannia Industries Ltd (BIL), is setting up its largest plant ever, in Ranjangaon, Maharashtra, with an investment of Rs 1,000 crore (US$ 156.89 m...

UPI transactions cross 11 million mark in July, says NPCI

Unified Payments Interface's (UPI) transaction volume rose above 10 per cent to 11.63 million in July 2017, as per National Payments Corp. of India (NPCI).