Steel Authority of India (SAIL) would adopt several steps to increase operational efficiency and thereby save Rs 5,000 crore in cost over the next three years. The state-run steel maker said in a statement after a ‘Strategic Confluence on Cost Control and Cost Competitiveness’ at its Management Training Institute in Ranc
FlashNews:
Alpex Solar to Commission 2.2 GW G12R TOPCon Cell Facility in Strategic Technology Pivot
IndiGo Adds Bengaluru-Riyadh Direct Flights to Expand Middle East Connectivity
Honeywell Unveils Biocrude Technology to Power Maritime and Aviation Decarbonisation
GREW Solar Unveils G12R Modules for Large-Scale Solar Projects
Inox Solar-LONGi Sign 5 GW Module Deal to Accelerate India’s Solar Manufacturing Push
India Crosses 500 GW Power Capacity; Renewable Generation Tops 50% on Record Day
IMW 2025: Strategic Fleet Ownership Key to India’s Energy Future
POWERGRID, NEA Ink Cross-Border Transmission Pact to Strengthen India-Nepal Power Ties
Rahul Jain Appointed as Suzlon CFO as RE Major Seeks to Expand Footprint
Gadkari Calls for Accountability and Innovation to Build World-Class Roads
India’s Solar Diplomacy Gains Momentum as Minister Joshi Calls for Equitable Energy Transition at ISA Plenary
Solar for All: President Murmu Urges Inclusive Energy Revolution at ISA Plenary
From Code to Concrete: Why the Smart Infrastructure Boom Needs Bobs to Become Tech Builders
Toll Revenues Surge to ₹491.9 Billion in Jan-Sept 2025, Driven by Higher Traffic and Revised User Fees: ICRA Analytics
IMW 2025: India positions itself as maritime bridge between Indo-Pacific and Global South, says Amit Shah
IMW 2025: Gadkari Calls for Private Innovation in Ship Financing, Launches Maritime Vision Report
IndiGo Reconnects with China, Crosses Long-Haul Milestone with Non-Stop London Service
India to Host Asia-Pacific Aircraft Accident Investigation Meet for the First Time
Nithia Capital Acquires Topworth Urja for ₹3 Billion, Expands Long Steel Portfolio
RBI expects fall in corporate investment
Corporate investments, which stood at Rs 263,400 crore in 2012-13, may fall in the current financial year, Reserve Bank of India (RBI) said in its monthly bulletin for September. The capital expenditure intentions of the companies in private and joint business sectors were captured in the repo
RBI wams about inflationary pressures from food, fuel articles
In its Annual Report 2012-13, Reserve Bank of India (RBI) raised concern about rising food and fuel prices, which may put upward pressure on Wholesale Price Index (WPI) and Consumer Price Index (CPI). Owing to the rise in food and fuel inflation, WPI rose to 5.8 percent in July 2013
Economic growth may recover later in FY14: RBI
In its Annual Report 2012-13, Reserve Bank of India (RBI) said the economic growth may recover later in 2013-14 if government delivers better administration, eases supply constraints and maintain stability. Economic growth in the country slipped to a decade-low level of 5 percent in 2012-13 and this year the RBI expects growth to be
SAIL invests Rs 421 bn on capacity expansion plan
Till July 2013, state-run firm Steel Authority of India (SAIL) invested Rs 42,101 crore out of the proposed Rs 61,870 crore it plans to spend on modernisation and expansion of its existing facilities. Through this investment, the company plans to raise its crude steel production capacity to 21.4 million tonne per annum (mn tpa) from 12.8 mn tpa now
Rupee weakness puts upward pressure on interest rates
Interest rate in India is rising on the back of the steep decline in the value of rupee against the dollar in recent months. Experts feel that the depreciating rupee raises domestic interest rate through three ways. First, in order to discourage speculation in the currency market, Reserve Bank of India (RBI) tightens liquidity and raises shor
Govt aims to limit CAD at 3.7% of GDP
In a bid to tackle volatility in the currency market, Finance Minister P Chidambaram said the government would work towards limiting the current account deficit (CAD) to 3.7 percent of GDP, or $70 billion in 2013-14.
Further, he said the deficit would be financed fully and safely. In order to restrict the current account deficit to 3.7 percent of GDP, government plans to control demand for impo
RBI study favours anti-inflation policy
Citing a study, Reserve Bank India (RBI) said it cannot pursue a policy of higher inflation tolerance as the means to lower real rates because beyond a threshold, the negative impact of inflation on growth outweighs its positive impact. Although the study points to empirical evidence that lower real interest rates can stimulate growth and investment, it does not recommend a policy of higher infla
RBI study favours anti-inflation policy
Citing a study, Reserve Bank India (RBI) said it cannot pursue a policy of higher inflation tolerance as the means to lower real rates because beyond a threshold, the negative impact of inflation on growth outweighs its positive impact. Although the study points to empirical evidence that lower real interest rates can stimulate growth and investment, it does not recommend a policy of higher infla
S&P expects banks’ performance to be under stress
A report from Standard & Poor’s (S&P) warned that the declining asset quality of banks in India would affect their performance adversely. Recently, the global credit rating agency released the report titled “Slack Economic Growth Dents Recovery Prospects for Indian Bank. In the next 18-24 months, the Indian banking sector may not recover because of sluggish economic activity and
 

