Air India to fly Boeing 747-400 aircraft on Kabul route

NEW DELHI: Air India will operate Boeing 747-400 planes to Kabul for select days in the coming weeks, primarily to ferry cargo. For at least seven days, the national carrier would fly the bigger Boeing aircraft instead of Airbus 320 plane.
Read More: Air India to fly Boeing 747-400 aircraft on Kabul route

Yes Bank under-reported NPAs by over Rs 4,000 crore in FY16

MUMBAI: Mid-sized private sector lender Yes Bank has disclosed the RBI has found a divergence of over Rs 4,000 crore in the non performing assets reported by it and the same assessed by the Reserve Bank for 2015-16. As against the Rs 748.
Read More: Yes Bank under-reported NPAs by over Rs 4,000 crore in FY16

Solar power tariff drops to historic low at Rs 2.44 per unit

NEW DELHI: Solar power tariff dropped further to hit a new low of Rs 2.44 per unit in the auction conducted for Bhadla solar park. The official added that ACME Solar Holdings emerged as the lowest bidder by quoting Rs 2.44 per unit tariff for 200 MW followed by SBG Cleantech One at Rs 2.
Read More: Solar power tariff drops to historic low at Rs 2.44 per unit

Oil ministry warns against fake websites on free-LPG scheme

NEW DELHI: The oil ministry today warned citizens to be wary of fake websites on free-LPG scheme Pradhan Mantri Ujjwala Yojana saying they should not respond to advertisements for dealers being issued by such portals.
Read More: Oil ministry warns against fake websites on free-LPG scheme

Kathrein opens first customer experience centre in Bengaluru

BENGALURU: Germany-based antennas and broadcast equipment manufacturer Kathrein today opened its first regional customer experience centre in Bengaluru in a move to expand its activities in the Asia-Pacific region.
Read More: Kathrein opens first customer experience centre in Bengaluru

EHT Visits the Home Depot Testing Lab

I recently spent a few days at the Home Depot headquarters in Atlanta, Georgia. I toured the facility, explored the company’s Product Quality and Engineering Laboratory, and got a peek at the latest in tools and equipment from the premiere brands that will stock store shelves this year.
Read More: EHT Visits the Home Depot Testing Lab

Solar power, hormones added in India factory data overhaul

India is dragging its factory data into the modern era, adding production figures for hormones and renewable energy as it ramps up efforts to provide a more accurate picture of Asia’s third-largest economy.
Read More: Solar power, hormones added in India factory data overhaul

RBI puts restriction on Uco Bank's business, asks board to take corrective action

KOLKATA: Reserve Bank of India has put restriction on Uco Bank’s lending and branch expansion plans as the state-run lender made net losses for the two successive fiscal amid severe stress on asset quality.
Read More: RBI puts restriction on Uco Bank's business, asks board to take corrective action

Air India plane overshoots Pune Airport runway

MUMBAI: An Air India flight AI 849 from Delhi to Pune overshot the runway while landing at the destination airport. "An emergency evacuation was carried out.All 152 passengers are safe," said a statement from the airline. The runway has been closed.
Read More: Air India plane overshoots Pune Airport runway

Bench Chisel Basics

For most of the history of woodworking, if you were going to make two of the three main woodworking joints (mortise-and-tenon and dovetail), it would have been impossible to do so without a chisel.
Read More: Bench Chisel Basics

Anheuser-Busch InBev appoints new India head

MUMBAI: World's largest brewing company Anheuser-Busch InBev has appointed Ben Verhaert as the new head of its India operations, replacing Pedro Aidar, who became the business unit president for India and South Asia seven months ago.
Read More: Anheuser-Busch InBev appoints new India head

Edible oil industry cheers GEAC nod for GM mustard

PUNE: India's edible oil industry has welcomed the clearance given by Genetic Engineering Appraisal Committee (GEAC) for commercial cultivation of genetically modified mustard seeds.
Read More: Edible oil industry cheers GEAC nod for GM mustard

JSPL to commission 6 mtpa steel plant in Odisha by May end

BHUBANESWAR: Jindal Steel and Power Plant's (JSPL) six million tonne per annum (mtpa) steel plant in Odisha's Angul would be commissioned by the end of May, JSPL Chairman Naveen Jindal said on Friday.
Read More: JSPL to commission 6 mtpa steel plant in Odisha by May end

SoftBank and Foxconn are bringing India some of world's cheapest solar power

Companies led by Group Corp. of Japan and Taiwan’s Foxconn Technology Co. Ltd. are bringing India some of the cheapest solar power in the world, helping Prime Minister Narendra Modi reach his ambitious clean-energy goals.
Read More: SoftBank and Foxconn are bringing India some of world's cheapest solar power

UDAN: Trust set up to disburse viability gap funds

NEW DELHI: With the ambitious regional air connectivity scheme taking wings, authorities have set up a trust for disbursing viability gap funds to the participating airlines.
Read More: UDAN: Trust set up to disburse viability gap funds

Need to eliminate ad hocism in auditor selection at PSBs: ICAI

NEW DELHI: A centralised system for auditor selection at public sector banks will help do away with "ad hocism", chartered accountants' apex body ICAI has said amid concerns over alleged malpractices in the whole process.
Read More: Need to eliminate ad hocism in auditor selection at PSBs: ICAI

India concerned about NPAs of Indian banks too: Ashok Lavasa

An amendment to the Banking Regulation Act will create an environment that will make it possible for banks to address some of the stressed assets, Finance Secretary Ashok Lavasa has said. "The government has been concerned about the Non- Performing Assets (NPAs) of the banks as well.
Read More: India concerned about NPAs of Indian banks too: Ashok Lavasa

Government considering winding up unsafe coal mines: Piyush Goyal

VIENNA: The government is planning to soon shut some of the mines of the state-owned Coal India that are relatively unsafe and produce small quantity of coal.
Read More: Government considering winding up unsafe coal mines: Piyush Goyal

UNO MINDA & Microsoft enters into partnership to bring connected vehicle technologies

MUMBAI: Uno Minda Group a leading automotive component maker from North India has tied up with software giant Microsoft to bring connected vehicle technologies in the automotive industry.
Read More: UNO MINDA & Microsoft enters into partnership to bring connected vehicle technologies

Fuel demand in April up 3 per cent from last year

India's fuel demand rose more than 3 percent in April compared with the same month last year. Consumption of fuel, a proxy for oil demand, totalled 16.79 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Friday.
Read More: Fuel demand in April up 3 per cent from last year