Adani Green Energy acquires 100% stake in Spinel Energy and Infrastructure
NEW DELHI: Adani Green Energy has acquired 100 per cent equity stake in Spinel Energy and Infrastructure from Hindustan Cleanenergy and Peridot Power Ventures. “Adani Green Energy Ltd (AGEL) has completed acquisition of 100 per cent of the share capital and all the securities of Spinel Energy & Infrastructure Ltd from Hindustan Cleanenergy Limited and […]
Gajendra Singh Sekhawat approves 465 crore as performance incentive fund for 7 states under Jal Jeevan Mission
NEW DELHI: Seven States viz. Arunachal Pradesh, Manipur, Meghalaya, Mizoram, Sikkim, Gujarat and Himachal Pradesh qualified for performance incentive grantfor 2020-21 under Jal Jeevan Mission(JJM) – Har Ghar Jal to provide assured tap water supply to every rural home by 2024. For performance incentive grant, the criteria include physical and financial progress under JJM, functionality […]
Rajasthan government to roll out health insurance coverage scheme on May 1
JAIPUR: Rajasthan will roll out its ambitious universal health insurance coverage scheme on May 1, the registration process for which will start from April 1, Chief Minister Ashok Gehlot said on Saturday. Under the scheme, announced in the state budget for 2021-22 by Gehlot, every family will get an insurance cover of Rs five lakh […]
JNPT inaugurates inter terminal route
NEW DELHI: In a major push and with a vision to achieve seamless trade, new Inter Terminal Route connecting BMCT Terminal with all the other four Container Terminals of JNPT was inaugurated at Jawaharlal Nehru Port Trust (JNPT), India’s premier container port today. The Inter Terminal Route was inaugurated by Shri Sanjay Sethi, IAS, Chairman, […]
India supplied more Covid-19 vaccines globally than vaccinated its own people
By Yoshita Singh UNITED NATIONS: India has supplied more COVID-19 vaccines globally than vaccinated its own people, the country has told the UN General Assembly and cautioned that vaccine inequity will defeat the collective global resolve to contain the coronavirus as the disparity in the accessibility of vaccines will affect the poorest nations the most. […]
Saurabh Garg appointed UIDAI CEO, Sanjeev Kumar to be Airports Authority of India chief
NEW DELHI: Senior bureaucrat Saurbah Garg has been appointed as the Chief Executive Officer (CEO) of Unique Identification Authority of India (UIDAI) as part of a bureaucratic reshuffle effected by the Centre on Thursday. Garg is at present serving in his cadre state Odisha. He is a 1991 batch IAS officer. The Appointments Committee of […]
GMR Hyderabad Air Cargo signs pact with StaTwig for vaccine shipments
NEW DELHI: GMR Hyderabad Air Cargo (GHAC) on Thursday said it has signed an initial pact with Singapore-based startup StaTwigto roll out a new tech solution for tracking and monitoring vaccine shipments at the airport’s cargo terminal. The airport serves as a major pharma hub for air cargo and is one of the primary gateways […]
GoAir plans Rs 2,500 crore IPO early FY22; may file preliminary papers in April
NEW DELHI: Wadia group-owned GoAir plans to come out with a Rs 2,500 crore-initial share sale early next fiscal, according to sources. The no-frills airline has been working on expansion plans and an Initial Public Offer (IPO) will help in raising funds. In recent months, many companies have hit the capital market with their IPOs […]
Realty firm DLF raises Rs 500 crore through NCD issue to investors
NEW DELHI: Realty firm DLF on Thursday said it has raised Rs 500 crore through the issue of non-convertible debentures (NCD) to investors. In a regulatory filing, DLF informed that the allotment committee has allotted 5000 senior, secured rated listed redeemable non-convertible debentures (NCDs) with a face value of Rs 10 lakh each. The tenure […]
Uttar Pradesh approves scheme offering affordable rental housing for urban poor
LUCKNOW: The Uttar Pradesh government will start a scheme offering affordable rental housing for poor people living in cities and a proposal to this effect was approved by the state cabinet presided over by Chief Minister Yogi Adityanath, an official release issued here on Friday said. Under the Affordable Rental Housing and Complexes (ARHC) scheme, […]
Godrej Properties sells 275 flats worth Rs 475 crore in a day in Noida
NEW DELHI: Realty firm Godrej Properties Ltd on Friday said it has sold over 275 flats worth Rs 475 crore within one day at its new housing project at Noida. Mumbai-based Godrej Properties entered the NCR market in 2010 and has so far added 17 projects across five cities. Six projects have already been delivered. […]
Sensex rallies 568 points; Nifty reclaims 14,500 level
NEW DELHI: Equity benchmark Sensex rallied 568 points and Nifty reclaimed the 14,500 mark on Friday, tracking gains in index majors HDFC twins, HUL and ICICI Bank amid a positive trend in global markets. The 30-share BSE index ended 568.38 points or 1.17 per cent higher at 49,008.50. The broader NSE Nifty surged 182.40 points […]
ED raids ex United Bank of India CMD Archana Bhargava
NEW DELHI: The Enforcement Directorate (ED) on Friday said it has searched two premises of former United Bank of India (UBI) CMD Archana Bhargava in connection with a money laundering investigation. It said the action against the banker, also a former executive director of Canara Bank, was undertaken in Delhi under provisions of the Prevention […]
Gaurs Group to complete 10,964 Amrapali units, NBCC awards tender worth 2124 crores
NEW DELHI: NCR-based developers Gaurs group said that it has been awarded four tenders from state-run NBCC worth Rs 2,124 crore for stuck Amrapali Projects – Verona Heights, Heartbeat City and Amrapali Centurian Park with a total inventory of 10,964 flats. “Having invested in construction over the years, we are increasing our presence in the […]
CBI books DHFL over fictitious home-loan accounts
NEW DELHI: The CBI has booked the DHFL and its directors for allegedly creating over 2.60 lakh fictitious home-loan accounts, some of which were used to claim interest subsidies in the Pradhan Mantri Awas Yojna (PMAY), officials said on Wednesday. The irregularities were pointed out in the report of auditor Grant Thornton, appointed by the […]
CBI searches 100 locations across India in 30 bank fraud cases
NEW DELHI: The Central Bureau of Investigation (CBI) on Thursday conducted searches at more than 100 places across India in connection with more than 30 cases of bank fraud amounting to over Rs 3,700 crore, officials said. A CBI spokesperson here said that the searches are part of a special drive to book the fraudusters […]