What is India’s first hydrogen train announced by Rail minister

New Delhi: Railways Minister Ashwini Vaishnaw on Wednesday announced that India will have its first hydrogen train designed and manufactured locally by December 2023 on the Kalka-Shimla historic circuit. Although hydrogen-powered train technology is still in its infancy with only a few countries using it on a limited basis, India’s early adoption is regarded as […]

Adani Group shares nosedive again, day after scrapping of FPO

New Delhi: The shares of Adani Group of companies continued to plunge on Wednesday, a day after it announced scrapping of the Rs 20,000 crore FPO of Adani Enterprises and said that it would refund the money to the investors. While shares of Adani Enterprises were down 8 per cent, the shares of Adani Transmission, […]

India’s economy resilient to Adani stock rout, says Vaishnaw

New Delhi: India’s economy will withstand the stock rout caused by allegations against Adani Group, while any impact on the broader equity markets is set to be short-lived, a top minister said. “India has a very broad spectrum of infrastructure companies,” Ashwini Vaishnaw, India’s minister for tech and railways, told Bloomberg TV’s Rishaad Salamat and […]

Opposition demands JPC or CJI-designated committee probe into Adani Group

New Delhi: Congress president Mallikarjun Kharge Thursday demanded an investigation into forced investments made by the Life Insurance Corporation, State Bank of India and other public institutions in the Adani Group. Addressing a press conference outside Parliament, Kharge sought a probe either by a Joint Parliamentary Committee or a team constituted by the Chief Justice […]

FPOs help farmers get benefit from shared resource: Dir Agri

SRINAGAR: A divisional level training cum orientation programme on the ‘Formulation of 300 FPOs’ (Farmers Producers Organization) was on Wednesday held at Agriculture Complex Lalmandi, Srinagar. The programme was inaugurated by the Director Agriculture Kashmir, Chowdhury Mohammad Iqbal. Addressing the inaugural session of the divisional level training programme, the Director Agriculture highlighted the importance of […]

Fully imported cars, including EVs, to cost more

New Delhi: Luxury carmakers Mercedes-Benz, BMW and Lexus on Wednesday said prices of some of their luxury vehicle models will go up following a hike in customs duty on certain fully imported vehicles in the Budget 2023-24. Prices of imported vehicles with invoice value less than USD 40,000 are expected to go up by around […]

Hospitality industry welcomes tourism promotion on mission mode move

New Delhi: Hospitality industry on Wednesday welcomed Finance Minister Nirmala Sitharaman’s announcement to promote tourism on mission mode but were left disappointed with the lack of direct benefits for the sector, including granting of its long pending request for infrastructure status, in the Budget 2023-24. The Budget has recognised and highlighted the importance of the […]

Weather based insurance for crops: Dulloo reviews implementation

JAMMU: Additional Chief Secretary (ACS), Agriculture Production Department (APD), Atal Dulloo, chaired a meeting to review implementation of Restructured Weather Based Crop Insurance Scheme (RWBCIS) in Jammu and Kashmir here on Tuesday. The meeting focused on the response from various insurance companies to the tender document. During the meeting, discussion was held on several technical […]

Gautam Adani drops off list of world’s top 10 richest people

New Delhi: Gautam Adani has slipped out of the list of the world’s top 10 richest people and could soon be supplanted as Asia’s wealthiest person if shares in his conglomerate continue to slide. The tycoon has fallen from fourth place to 11th on the Bloomberg Billionaires Index, with a personal wealth wipeout of $34 […]

Inflation in India expected to come down to 5 pc in 2023, 4 pc in 2024: IMF

Washington: Inflation in India is expected to come down from 6.8 percent in the current fiscal year ending March 31 to 5 percent the next fiscal, and then drop further to 4 percent in 2024, the International Monetary Fund (IMF) said on Tuesday. “Inflation in India as in other countries is expected to come down […]