Business

Railways passenger revenue plummets 87 pc compared to that of last year

Revenue from the passenger segment of the Indian Railways has shown a downward trend of  87  per cent as compared to that of last year on account of…

November sees 20 per cent growth in air traffic

The passenger load factor (PLF) of major scheduled commercial airlines was between 66 to 77 per cent in the month of November.

Indian airlines…

Honda to close down car unit in Greater Noida

Hit hard by stiff competition and difficult enterprise surroundings, Honda Motor Cars has decided to close down its manufacturing unit at Greater Noida in…

FM promises support for business sectors tattered by pandemic

Finance minister Nirmala Sitharaman has promised to invest more to strengthen India’s health infrastructure and support industries in the coming Union…

SIDBI Inks MoU with Assam Govt. to Develop MSME Ecosystem

Small Industries Development Bank of India has inked a MoU with the Assam government to develop the MSME ecosystem in the State.

The MoU was…

Rise in Indian auto loan arrears to lag due to economic slowdown

According to Fitch Ratings, the net cumulative in over 90 days of arrears of Indian auto loan securitisations would rise 1.25 to 1.50 times from pre-pandemic…

Fiat Chrysler Automobiles to set up $150mn Global Digital Hub in Hyderabad

Automotive major Fiat Chrysler Automobiles (FCA) has said that it is setting up a Global Digital Hub in Hyderabad with an investment of $150 million.

Gadkari fumes at hike in prices of steel and cement

Concerned over the steep hikes in the prices of steel and cement, the minister for Ministry of micro, small and medium enterprises (MSME) and highways,…