INDUSTRY NEWS

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Indian stocks edge higher in lackluster trade; ITC up 3%

India committed to clean energy targets: C K Mishra  -   17/11/2017 16:25
I ndia is committed to its renewable energy target of having 175 GW capacity by 2022 to provide equitable sustainable development, a senior official has said as per the PTI report. India has been pursuing its goals of setting up renewable energy capacities and changing its energy mix, and will cont...
Rupee surges against greenback on Moody’s rating upgrade  -   17/11/2017 15:51
T he Indian Rupee was trading higher against the US dollar on Friday amid weak dollar demand by exporters and banks after global rating agency Moody's Investors Service upgraded India’s sovereign rating to Baa2. Moody's has revised India’s sovereign rating to Baa2 from Baa3 wit...
Govt approves one-time waiver of Railways' dividend payout  -   17/11/2017 10:41
T he Union Cabinet approved a proposal for a one-time waiver of the Indian Railways' dividend payout of around Rs 9,000 crore to the general exchequer for 2016-17, reported PTI. With this, the railways can now approach the Parliament for its approval to the waiver. After the merger of the ra...
Cabinet approves MoU with Poland to boost ties in aviation sector  -   17/11/2017 10:04
T he Union Cabinet has given its approval for signing the Memorandum of Understanding (MoU) between India and Poland for the Promotion of Civil Aviation Cooperation. “The MoU will be signed on behalf of the two countries after its approval by the two Governments which would be valid for a te...
Govt allocates additional power to J&K to meet winter demand  -   17/11/2017 09:13
I n view of increase in the power requirement in State of Jammu & Kashmir with the onset of winter, Government of India has decided to allocate an additional 792 Megawatts for Jammu and Kashmir. If the State requires more power, the Government of India will consider allocating additional power to the...
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