The new set will be manufactured at the Integral Coach Factory (ICF) in Chennai and fitted with India-made electrical and software systems
The government is also looking at containing import of gold as it is the second highest commodity imported into the country, after crude oil
These recommendations are aimed at revamping the Payment and Settlement Systems Act, 2007, which was the first dedicated law to regulate and supervise payment systems in India
Representing the six-month outlook of 104 firms, the Thomson Reuters/INSEAD Asian Business Sentiment Index fell to 58 for the July-September quarter, its lowest since the fourth quarter of 2015, from 74 three months before.
The government's latest measures to support the rupee announced last week were particularly underwhelming for market participants who have since increased bearish positioning on the currency.
The negative interest rate policy, however, cut margins in half, and it became more difficult for banks to make money.
The People's Daily newspaper, which is published by the ruling Communist Party, made the comments in a front-page article in its overseas edition on Wednesday.
The project objective is to improve the quality and relevance of training at priority Industrial Training Institutes (ITIs) and to increase the number of labour-market-relevant workers through short term training
In an interview to CNBC-TV18, Ridham Desai, India equity strategist, said that over the next two years, Indian stocks would move higher.
The payments bank will sell insurance products of Bajaj Allianz Life through its 3,250 access points
Reliance General Insurance had filed draft papers with SEBI in FY18
Technology is now being increasingly utilised to make the insurance claims simpler, faster and more cost effective
Tendulkar said that the insurer's approach towards building a nation's physical fitness and not just financial fitness is a vision that he identifies with.
Prabhu stated this at the G-20 Trade Ministers Meeting held at Mar del Plata, Argentina last week.
The merged entity will have a combined business of Rs 14.82 lakh crore and a market share of about 6.8 percent by loans.
The rupee had fallen more than 11 percent against the dollar this year and is the worst performing Asian currency. It was trading at 72.40 to the dollar, compared with Monday's close of 72.51.
Though the aggregate revenue receipt-to-GDP ratio has been budgeted at 22 percent for FY19, Pant said achieving a nominal GDP growth of about 14 percent looks difficult.
"There is lot of formalisation of economy taking place in several other sectors. We can see visible results, and it is leading to additional resources in the hands of the government. I don't think this process will now be reversed," he said.
A portfolio manager is a person or group that advises or directs or undertakes on behalf of a client, the management of a portfolio of securities or the funds of the client.
From consumer tech to health tech, and logistics to hospitality, these 25 companies represent the thriving startup landscape in India, the third largest startup ecosystem in the world
India harvested a record 284.83 MT of foodgrain in the 2017-18 crop year (July-June).
Rising crude oil prices have impacted both domestic and global markets. The S&P BSE Oil and Gas Index has lost nearly 11 percent YTD
But what's clear is that the latest fight in the escalating trade war is likely, one way or another, to affect consumers, companies, markets, the economy and the political landscape.
In response to Washington's refusal to exempt it from its new steel and aluminium tariffs, New Delhi decided in June to raise the import tax from Aug. 4 on some US products, including almonds, walnuts and apples.
This blog will keep track of breaking news and important developments through the day