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To scale to 10 per cent rate is "very challenging" and it will not depend on domestic factors only but on how the world is moving, he said. "Also, the government should look at further consolidating its reform agenda in the Union Budget to be announced two months from now to give further boost to investment".
  • An 8th Child Has Reportedly Been Killed By Recalled Ikea Dresser

    An 8th Child Has Reportedly Been Killed By Recalled Ikea Dresser

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    A coalition comprised of the American Academy of Pediactrics, Consumers Union , Consumer Federation of America , Kids in Danger, the National Center for Health Research, Public Citizen, Shane's Foundation, and U.S. "We took our responsibility to communicate this recall very seriously and went to great lengths to get the word out", the company's statement read.
  • Oil rises on demand signs after Goldman flags geopolitical risks

    Oil rises on demand signs after Goldman flags geopolitical risks

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    Brent crude advanced by 20 cents to $58.02 a barrel (bbl) by 6:35 a.m. CST (11:35 GMT), up by about a third from its mid-year levels. If prices remain high the outlook may be positive for breakbulk operators serving the oil sector as the higher price point supports renewed investment in offshore development.
  • Ford recalling 1.3 million F-series pickups

    Ford recalling 1.3 million F-series pickups

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    The majority of the trucks are in the United States, but some are located in Canada and Mexico as well. According to the recall from Ford, a frozen door latch or bent or kinked actuation in the affected trucks is causing the issue. The F-Series has been the company's best-selling vehicle, and the Super Duty, made exclusively at Kentucky Truck Plant , has helped prop up profits because consumers increasingly are opting for higher-end models of the work truck.
  • LaMarcus Aldridge, Spurs reach three-year contract extension

    LaMarcus Aldridge, Spurs reach three-year contract extension

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    Gregg Popovich and Aldridge cleared the air during camp after he was involved in trade rumors in the offseason. Maybe, that's why San Antonio is engaging in extension conversations. The 32-year-old Dallas native is set to make $21.4 million in the 2016-17 season. The dialogue helped strengthen their relationship, made Aldridge feel open to staying in San Antonio and gave the Spurs the peace of mind that they could continue to feature him as a much-needed supporting star for Leonard.
  • Canada police probe car and knife attack as terrorism

    Canada police probe car and knife attack as terrorism

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    Charges are pending against a suspect in a knife-and-vehicle attack outside a football game in the Canadian city of Edmonton that left a police officer and four pedestrians injured last Saturday. Knecht said the truck deliberately hit four pedestrians. Hours later, police stopped a U-Haul truck at a Checkstop on Wayne Gretzky Drive, and checked the driver's licence.
  • Czech Manufacturing Growth Accelerates In September

    Czech Manufacturing Growth Accelerates In September

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    The Australian PMI® is now leading the ABS manufacturing output data by about three months. "This is also happening alongside rising commodities prices, which are contributing to inflationary pressures across the supply chain". Suppliers' delivery times continued to lengthen, albeit to the least extent in the current eight-month sequence of longer lead times. Planned overseas expansion is contributing to a positive outlook for the sector, as manufacturers look to increase their global ...
  • GM Joins Growing List of Carmakers Going Electric

    GM Joins Growing List of Carmakers Going Electric

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    Not all of GM's electric vehicles will use batteries - some will use hydrogen gas for power instead, GM said. The biggest United States automaker said it will introduce within 18 months two new models built on the learnings of the all-electric Chevrolet Bolt, which was launched in December 2016.
  • Air France A380 in emergency diversion after engine parts detach

    Air France A380 in emergency diversion after engine parts detach

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    Air France said it is now working to re-route passengers to Los Angeles via the airline's connecting platforms in North America. Passengers were horrified when the engine fell apart following a "loud thud" and "vibration". The plane was about an hour off the coast of Canada when the incident occurred, Miguel Amador, a passenger on the flight, said. Shocking photos show the engine badly damaged as it flew at a height of 38,000 feet.
  • VW announces loss of another $3B in USA diesel scandal

    VW announces loss of another $3B in USA diesel scandal

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    Its shares dropped after the statement and were down 3.1 per cent at the bottom of the German blue-chip DAX index which was up 0.2 per cent. VW's diesel emissions scandal bill is set to reach $30 billion as the German vehicle manufacturer faces another $3 bill to fix affected engines in the United States.
  • London Transport Authority Rejects Uber's Operating License

    London Transport Authority Rejects Uber's Operating License

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    Mr Khan took to the field today despite being embroiled in a huge political row over the Transport for London decision to cancel Uber's licence to operate in London. "Four months ago they were told to get their act together and they didn't". Based in San Francisco, Uber has always been criticised for its business practices, including the background checks it implements on potential drivers and for allegedly exploiting drivers once they have been hired.