Through a fog of data, air of Indian cities' looks dirtiest
should follow China's example and clean up the air in its cities, which
are among the world's worst for outdoor pollution, the World Health
Organization said on Wednesday. The WHO's database of more than 4,300
cities showed Indian cities such as New Delhi, Varanasi and Patna were
among the most polluted, based on the amount of particulate matter under
2.5 micrograms found in every cubic metre of air.
India rejects US request on price caps on medical devices
has told the United States it won't abstain from capping prices for
more medical devices, regardless of pressure to rethink its stance after
price controls on heart stents and knee implants spoilt the market for
some US firms, sources familiar with the matter said. India's drug
pricing authority is also pushing to bring three more devices used while
treating heart ailments under the ambit of price controls as they are
sometimes more expensive than the stent itself, showed a government
letter reviewed by Reuters.
RBI allows foreign investors to invest in treasury bills
Reserve Bank of India on Tuesday permitted foreign portfolio investors
or FPIs to invest in treasury bills issued by the Central government.
However, the investors will have to ensure that their exposure in
government securities as well as corporate bonds of less than one year
maturity shall not exceed 20 per cent of total investment.
India infrastructure output growth slows to three-year low in 2017-18
infrastructure growth slowed to a three-year low of 4.2 per cent in the
fiscal year ending in March, indicating Prime Minister Narendra Modi
faces a tough challenge to boost investment ahead of general elections
due early next year. Annual output growth was 4.2 per cent during the
2017-18 fiscal year that ended in March, lower than 4.8 per cent in the
previous year, and dragged down by slower growth in the production of
coal, steel and electricity, according to data released on Tuesday by
the Ministry of Commerce and Industry.
HCL Tech fourth-quarter profit falls nearly 10 percent, misses estimates
Technologies Ltd posted a 9.9 percent fall in its fourth-quarter net
profit on Wednesday, hurt by higher expenses. Net profit fell to 22.28
billion rupees ($333.58 million) in the three months ended March 31,
from 24.73 billion rupees in the same period a year earlier, HCL said.
Analysts on average had expected the company to post a net profit of
22.60 billion rupees, according to Thomson Reuters data.
Govt unveils new telecom policy: 5G, robotics, artificial intelligence, 4 million jobs on agenda
Department of Telecommunications on Tuesday unveiled new draft for the
National Digital Communications Policy- 2018. The draft lays out the
government's plans to bring investments worth $100 billion in the
telecom sector, create 40 lakh new jobs, setup high-speed broadband and
WiFi hotspot services across the country by year 2022. The government
also plans to harness latest technologies like Artificial Intelligence,
5G network, machine to machine communication and cloud computing.