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Business Economy


India needs to reduce its dependence on import of oil: Gadkari

India needs to reduce its dependence on import of oil: Gadkari

New Delhi, July 12 (UNI) Road Transport and Highways Minister Nitin Gadkari on Friday said the country needs to reduce its dependence on import of oil and advocated for use of ethanol to make environment pollution free.

"We need import substitute. Ethanol is available in the country and is commercially successful. There is a need to diversify energy," said the Minister here at the launch of country's first TVS Motor Company ethanol based bike TVS Apache RTR 200 Fi E100.

"The Government is giving lot of priority to the use of alternative fuel such as Bio CNG, LNG, electric vehicles, use of Butane," he added.

"Today's launch is the breakthrough in the two-wheeler space that will set the trend for a green future in India,' he said and congratulated TVS Motor company chairman Venu Srinivasan and his son Sudarshan for this environment-friendly initiative.

"Delighted to join Minister at the launch of India’s first Ethanol based Motorcycle- TVS Apache RTR 200. This is a green & sustainable technological breakthrough in the 2W segment. Will reduce dependence on petrol," said NITI Aayog CEO Amitabh Kant at the launch and congratulated TVS Motor Company for this innovation.

UNI DJK SB 1707

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Dumont to set up its ice cream unit in Hyderabad

18 Jul 2019 | 9:10 PM

Hyderabad, Jul 18 (UNI) Dumont, which manufactures frozen desserts, in its factory in Vijayawada in Andhra Pradesh, was planning to set up its another manufacturing facility in Hyderabad of Telangana with an estimated capital of Rs 15 crores within the next year or two, Managing Director Vivek Inampudi said on Thursday.

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Sandra Wijnberg appointed as new independent Director to Cognizant Board

18 Jul 2019 | 7:18 PM

Hyderabad, Jul 18 (UNI) Cognizant, one of the World’s leading professional services companies, on Thursday announced that Ms Sandra Wijnberg has been appointed as a new Independent Director to its Board , with effect from July 16.

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Sensex slumps 318 18 pts on negative global cues

Sensex slumps 318 18 pts on negative global cues

18 Jul 2019 | 7:17 PM

Mumbai, Jul 18 (UNI) The benchmark index of Bombay Stock Exchange (BSE) on Thursday declined by 318.

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Rupee loses 11 paise against USD

Rupee loses 11 paise against USD

18 Jul 2019 | 7:15 PM

Mumbai, Jul 18 (UNI) The Rupee on Thursday lost another 11 paise to end negative at 68.

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Roposo launches new 'Padosan' filter

18 Jul 2019 | 7:12 PM

New Delhi, Jul 18 (UNI) Bollywood fans are in for a treat as short video app Roposo has launched new ‘Padosan Filter’. Taking inspiration from the popular Kishore Kumar and RD Burman’s song, the new filter enables its users to relive the track ‘Saamne Vaali Khidhki’ by acting in it, replacing lead actress Saira Banu.

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