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ADB or Asian Development Bank to lend 500 Million Dollars to improve large scale power transmission from Nothern India to Southern Indian region. It also includes integrating renewable energy to the power grid in India. The integration of inter-regional connectibvity enables bulkpower transmission to southern region, where the power consumption drastically increases during summer. This project definetly bridges the void in generation of power and consumption in the southern states like Tamil Nadu, Kerala.
Feb 24, 2017
Feb 21, 2017
E-commerce giant Snapdeal has come out with a novel 'Cash@Home' service, which allows users to order Rs 2,000 cash and get it delivered at their doorstep. "The launch of the cash on demand service is intended to further help our consumers tide over any cash crunch that they might face in addressing their daily needs," Snapdeal Co-founder Rohit Bansal said in a statement. Snapdeal will be using the cash that it receives through Cash on Delivery (CoD) to operate this facility.
Dec 23, 2016
After the demonetisation new notes of 500 and 1000 are being printed.The new notes are entirely different from the scrapped ones,with less thickness and small size.RBI governor Urjit Patel said that the reason for the difference in thickness and size is, "People have asked about this.This is because the new currency has been designed to make it hard to counterfeit. When you are going to make a change of this magnitude, you need to get the best standards in place," Patel said.
Nov 28, 2016
Bajaj Chetak was easily the most common two wheeler in Indian streets during the 70 s and 80 s. The company stopped the production of the Chetak in 2006. Bajaj in 2002, updated the scooter, which was then available with a four-stroke engine.Now seeing the rising demand of scooters in the country in the recent past, Bajaj is reportedly planning to relaunch the Chetak.Rumoured to be launched sometime in 2017, the Chetak is expected to an all-new design and modern features to attract the customers and give competition to the already powerful Honda Activa 125 and TVS Jupiter in the market.
Nov 25, 2016
Indian currency has hit a record low of 68.86 per dollar on Thursday. The low surpassed the rupee's previous all-time low of 68.85 hit in August 2013, when the country was mired in its worst currency crisis in more than two decades.The Reserve Bank of India (RBI) is likely to intervene after the rupee , pressured by broad strength in the U.S. dollar, capital outflows from emerging markets, and worries about India's demonetisation drive. The intervention from the RBI sparked a slight rebound in the rupee to 68.83, traders said.
Nov 25, 2016
NEW DELHI: Gold prices continued to move up in the domestic bullion market on Tuesday on fresh demand from jewellery stockists supported by firm global cues and a weak dollar.
Nov 23, 2016
The bolt from the blue that the decision to demonetise 500 and 1000 rupee notes is,has made people absolutely frantic.After the announcement of the govt. people who had stashed black money,have looked for ways to convert their unaccounted money into white. Investing in Gold has always been one of the safest and easiest options.Now reports suggest that tons of gold were sold in just two days after the big demonetization announcement by the govt. on 8th November.
Nov 22, 2016
In response to global prices and currency fluctuations, the three state-owned oil marketing companies (OMCs) have decided to lower the prices of petrol and diesel from midnight Tuesday.According to the Indian Oil Corporation (IOC), retail petrol price will be decreased by Rs 1.46 per litre and diesel would become cheaper by Rs 1.53 per litre, excluding state levies. The new prices of non-branded petrol in metros like New Delhi would come to Rs 65.93 per litre, Kolkata Rs 68.67, Mumbai Rs 72.29 and Chennai Rs 65.41.
Nov 16, 2016
As fossil fuels become depleted by the day,alternative energy sources have to be found.According to a new report electric vehicles could account for two-thirds of all cars on the road by 2030 in wealthy cities such as London and Singapore due to stricter emissions regulations, falling technology costs and more consumer interest.The research report was presented at the Future of Energy Summit in London on Tuesday by consultancy McKinsey & Co.
Nov 7, 2016