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INDUSTRY NEWS

Headlines:

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

Auto component aftermarket size to touch Rs 75,705 cr by FY20  -   23/03/2017 15:59
T he Indian automotive component aftermarket segment is expected to reach Rs 75,705 crore (USD 13 billion) by 2019-20, growing at a rate of 10.5 per cent, according to a study by ACMA, reported PTI. The Automotive Component Manufacturers Association of India (ACMA), the apex body of the auto compon...
Taking steps to reduce dependence on API imports: Govt  -   23/03/2017 14:22
T he government said it was working on steps to reduce India's dependence on large scale import of active pharmaceutical ingredients (APIs), as members in Rajya Sabha expressed concern over the issue, reported PTI. Responding to the concerns during the Zero Hour, Commerce Minister Nirmala Sitha...
Rupee trades higher against greenback  -   23/03/2017 13:08
T he Indian Rupee was trading higher against the greenback on Thursday amid fresh selling of dollar by banks and exporters, while fresh fund inflows amid hopes of aggressive policy reforms following BJP’s strong win in the recently-concluded State elections also boosted rupee’s rally....
Govt clears Rs 2,029-cr project for JNPT channel expansion  -   23/03/2017 11:50
T he government has approved a Rs 2,029-crore project for widening of Mumbai harbour channel at the Jawaharlal Nehru Port in Mumbai. "The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved fresh estimates of the project Deepening and Widening of Mumbai Har...
To check NPAs, CVC favours change in loan processes  -   23/03/2017 11:50
B ankers should know as much as borrowers know about the business for which they are seeking loan, Central Vigilance Commissioner K V Chowdary said, as he suggested change in some processes to check bad loans, reported PTI. Referring to the problem of non-performing assets (NPAs) of the banks, he f...
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