Business News Headlines

CAG has full right to audit discoms: Delhi government to HC

New Delhi , March 2

The city government told the Delhi High Court on Monday that the Comptroller and Auditor General (CAG) has "full right" to carry out comprehensive audit of private discoms as the issue involves "public interest".

LIC ups its Reliance Industries holding to 9.084 percent

Chennai , March 2

Insurance giant Life Insurance Corporation of India (LIC) on Monday said it has increased its holding in Reliance Industries by 2.097 percent to 9.084 percent.

February automobile sales a mixed bag

New Delhi/Chennai , March 2

Dented by high fuel and interest costs, automobile manufacturers on Monday reported mixed sales for February.

Mahindra's February sales down 10 percent

Mumbai , March 2

Automobile manufacturer Mahindra and Mahindra on Monday reported a decline of 10 percent in its overall sales including exports for February which stood at 38,033 units from 42,166 units sold during the corresponding period of last year.

Google partners MyGov to build PMO mobile app

New Delhi , March 2

Online search giant Google will help MyGov, the citizen engagement platform of the government of India, to launch a nationwide contest to build a mobile app for the Prime Minister's Office (PMO), a company statement said here on Monday.

India's fiscal deficit exceeds budget estimates in 10 months

New Delhi , March 2

India's fiscal deficit continued to exceed the budget estimates in the first 10 months of the current fiscal, data showed Monday, at a time when the government has recovered ground somewhat by earning around Rs.28,000 crore from its disinvestments till date.

Core industries grew at 3.9 percent in January

New Delhi , March 2

India's eight core industries such as coal, electricity, crude oil, cement and steel, grew at 3.9 percent in January 2015 compared to a growth of 6.5 percent during the corresponding month of last year, official data showed Monday.

Government pushes legislation on auction of coal, other minerals

New Delhi , March 2

Amid protests by the opposition, the government on Monday pushed in the Lok Sabha for the enactment of two legislations, replacing ordinances, promulgated earlier, that call for auctions for coal blocks and mines for prospecting.

No plan to privatise airports: Minister

New Delhi , March 2

The government Monday said that currently there is no proposal to privatise airports in the country.

A budget for the United Federation of India

New Delhi

Finance Minister Arun Jaitley on February 28 delivered a budget that will go down as one of the best since liberalization began in 1991. It took stock of India's present set of challenges and accordingly adjusted the priorities and solutions. Six salient points reflect the government's economic thinking and strategy.