3 PSUs to bid for building submarines

Hindustan Shipyard Limited (HSL) and two other public sector undertakings have come together to float a consortium for building submarines. The two other PSUs are Bharat Heavy Electricals Limited (BHEL) and Mishra Dhatu Nigam Ltd (Midhani). Continue Reading

Chinese goods imported through hawala route might fund terrorists: CAIT

Traders’ body Confederation of All India Traders Sunday urged the government to probe Chinese goods imported through hawala channels, which is resulting in huge revenue loss to the exchequer. CAIT, in a statement, also claimed that “such hawala money might be transferred to Pakistan for conducting terrorist activities”. Continue Reading

Toyota roots for Make in India initiative

Japanese auto giant Toyota is gearing up to launch its version of Suzuki’s premium hatchback Baleno in the Indian market in the second half of next fiscal. The company has been working on incorporating its own unique features to the model that has been a runaway success for Suzuki’s Indian arm, Maruti Suzuki. Continue Reading