Indian real estate sector is undergoing consolidation. Real estate developers are extra careful after inventory pile-up in the recent years.

Indian public sector banks have been suffering for last few years due to high non-performing assets. The banking sector needs government's support and strong reforms for its revival.

Indian government has been planning consolidation of public sector banks for quite some time.

Indian government will need to take bigger steps in order to promote electric vehicles in India. Automobile companies are suffering from lower sales as many consumers are waiting for new launches in electric vehicles segment. However, the companies have failed to launch any mass market vehicle in the Indian market.

For Indian consumers, electric vehicles in price range of 8-12 lakh will be ideal. However, Hyundai has launched Kona electric in Indian market with a price tag of 24 lakh. It will be difficult for this vehicle to reach enough of sales volume to make viable case for Hyundai.

New Delhi  - Intense heat wave conditions persisted in large parts of northern, eastern and western India Thursday with temperatures shooting up to 47 degrees Centigrade in some places in the western state of Maharashtra.

At least two persons died in the eastern state of Orissa over the past 24 hours, raising the heat wave toll in the state over the past month to 67, IANS news agency reported.

The mercury has hovered around 45 degrees Centigrade in Orissa for over a week.

New Delhi, Apr 30 : A SU-30 MK-I aircraft of the Indian Air Force on a routine training mission crashed 70 kms southeast of Jaisalmer in Rajasthan, today.

The aircraft had taken off from aircraft had taken off from the Lohegaon air base in Pune.

"The crash took place around 10:30 a. m. Both the pilots ejected out of the aircraft. While Wing Commander SV Munje survived the crash, Wing Commander PS Nara succumbed to his injuries," the IAF said in a statement released today.