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Submarine project goes to Mazagon Dock; L&T raises 'Make in India' concerns
Posted on 20th June 2018
Engineering conglomerate Larsen & Toubro (L&T) has written to the NITI Aayog raising concerns over the recent submarine project award to public sector owned Mazagon Dock Shipbuilders on a nomination basis, according to people with direct knowledge of the development.

BHEL bags orders worth Rs 10 bn from Telangana State Power Generation Corp
Posted on 20th June 2018
State-run power equipment maker BHEL has bagged two orders worth Rs 10 billion from Telangana.

The orders from Telangana State Power Generation Corporation (TSGENCO) are for supply and installation of emission control equipment at Kothagudem and Bhadradri thermal power stations, BHEL said in a statement.


Indian Oil to set up Rs 9 bn ethanol plant in Adityanath's pocket borough
Posted on 20th June 2018
Public sector behemoth Indian Oil is looking to invest almost Rs 9 billion in a greenfield second-generation ethanol plant in Uttar Pradesh.

The plant has been proposed in Gorakhpur, the pocket borough of chief minister Yogi Adityanath, who is keenly following up on the project.


Maruti dominates PV segment in May with 7 models in top 10 list
Posted on 20th June 2018
New Delhi, June 20 () Maruti Suzuki India (MSI) maintained its leadership position in the domestic passenger vehicle (PV) market in May as seven of its models featured in the top 10 selling brands.

According to the latest data from Society of Indian Automobile Manufacturers (SIAM), in the top 10 best selling PVs, Maruti's Alto retained the top position in May with the sales of 21,890 units as against 23,618 units a year ago.


No pure GST on petrol, diesel; 28% tax plus VAT on anvil under GST
Posted on 20th June 2018
New Delhi, June 20 () A peak tax rate of 28 per cent plus states levying some amount of local sales tax or VAT on petrol and diesel is likely to be the tax structure when the two auto fuels are covered under the GST regime, a top government official said.

The peak GST rate plus VAT will be equal to the present tax incidence, which is made up of excise duty, levied by the central government, and VAT charged by the states.


Narendra Modi govt planning National Electricity Distribution Company
Posted on 20th June 2018
New Delhi: In what may be a game changer for India’s beleaguered electricity distribution sector, the National Democratic Alliance (NDA) government is considering setting up a pan-India power distribution company, said two people aware of the development.

The idea to set up a National Electricity Distribution Company is being explored, given that the segment will be key to the long-term fortunes of the power sector.


Volvo-Eicher JV plans to widen its medium-duty CNG trucks range
Posted on 20th June 2018
Mumbai: India’s fourth-largest commercial vehicle maker, Volvo Eicher Commercial Vehicles (VECV) Ltd, a joint venture between Eicher Motors Ltd and Volvo AB, plans to widen its range of medium-duty trucks that run on compressed natural gas (CNG), according to a senior executive.

During the quarter ending September, VECV will launch a CNG truck with a gross vehicle weight (GVW) up to 14 tonnes, said Shyam Maller, executive vice president, light and medium-duty trucks and buses.


Made-in-India electric cars from Mercedes-Benz soon as it bets big on EVs
Posted on 20th June 2018
German automaker, Mercedes-Benz is betting big on electric cars globally and also believes that electric cars will play a crucial role as India gets ready to adapt to future of mobility. A report on TOI confirmes that Mercedes-Benz has plans to manufacture electric cars from its plant in Chakan, Pune. The company has already confirmed that it will launch on BSVI compliant diesel engine cars and SUVs in India and now expect many a range of hybrid and electric cars from Mercedes-Benz in India soon.

India shelves Air India sale plan after failing to attract buyers – reports
Posted on 20th June 2018
India has shelved its sale of Air India after failing to attract buyers, local media quoted a government minister as saying – a decision that could exacerbate the carrier’s financial woes and representing a setback for government efforts to cut debt. Civil Aviation Minister Suresh Prabhu said plans to privatise the carrier have been dropped for now due to factors such as the looming election and high oil prices, according to Times of India which cited news agency PTI.

Merger-bound Idea Cellular completes VoLTE expansion
Posted on 20th June 2018
Idea Cellular on Tuesday said it has completed the rollout of VoLTE services in all its 20 4G circles with the country’s third largest telecom operator announcing the launch of VoLTE in five circles — Himachal Pradesh, Odisha, Assam, North East Service Area (NESA) and Jammu & Kashmir.

“With the completion of the last phase of VoLTE rollout, Idea is now the only operator to offer pan India integrated 2G, 3G, 4G and VoLTE services.


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