Taking billion dreams to Moon, Chandrayaan-2 to be launched today
India's second moon mission Chandrayaan-2 seeking to explore the unchartered Lunar south pole by landing a rover will be launched onboard its most powerful rocket GSLV-Mk0III-M1 today, a week after the lift-off was aborted due to a technical snag. The Rs 978 crore mission, which was rescheduled after scientists corrected the glitch in the rocket, will be launched at 2:43 pm from the second launchpad at Satish Dhawan Space Centre here, over 100 km from Chennai.
Reliance Jio to focus on subscriber numbers not tariffs: report
Reliance Industries plans to remain focused on subscriber additions rather than chase higher tariffs for its Jio telecoms business, a top company executive said. Its strategy is aimed at prolonging the pressure on rivals such as Bharti Airtel and Vodafone Idea, whose revenue and profits have plunged since the launch of Jio by Reliance boss Mukesh Ambani, India's richest man.
Inflation in India to fall with stronger rupee, lower GDP forecast, says ADB
The Asian Development Bank (ADB) has revised inflation outlook for India downwards by 0.2 percentage points to 4.1 per cent in FY2019 and 4.4 per cent in FY20. The development bank reduced the inflation forecast for India in the supplement to Asian Development Outlook (ADO) considering a strengthening rupee and a lower GDP growth forecast.
GST Council to decide on lowering rates for EVs next week
The GST Council, chaired by Finance Minister Nirmala Sitharaman, will meet on July 25 and decide on lowering tax rates for electric vehicles, officials said. The 36th meeting of the Council, which will happen through video conferencing, is also likely to decide the valuation of goods and services in solar power generating systems and wind turbine projects for the purposes of levying GST.
AI freezes promotions, new appointments amid stake sale preparations
Air India has stopped giving promotions for its employees and recruiting new personnel as the government prepares for the disinvesment of the debt-laden airline. The government is expected to soon start the disinvesment process for Air India, which has a debt burden of more than Rs 50,000 crore.
China asks New Delhi to join fight against unilateralism, protectionism amid trade war
China has said it values India's concerns on the bilateral trade imbalance and is willing to discuss new approaches to address the issue and asked New Delhi to join Beijing in its fight against "unilateralism and protectionism" amidst a bruising trade war with the US. Trump kicked off a trade war with China last year by slapping 25 per cent duties on more than USD 250 billion of Chinese imports.