EY to hire 9,000 skilled people in AI, ML in India next year
NEW DELHI: Leading global professional services organisation EY on Thursday said that it will hire 9,000 professionals in India in 2021 who have skills across Artificial Intelligence (AI), Machine Learning (ML), cyber security, analytics and other emerging technologies. The hiring from the STEM background will be done across all member firms including the global delivery […]
Essar Projects wins over $62 million contract in Papua New Guinea
NEW DELHI :Essar Projects Ltd, a part of Essar Capital’s technology and services portfolio, on Wednesday said its subsidiary Essar Projects PNG (EPPNG) has won a contract worth over $62 million from the national government of Papua New Guinea to construct a provincial headquarters and associated works in the Jiwaka province. The contract was won […]
Bajaj Auto signs MoU with Maharashtra to set up facility in state
MUMBAI: Two-and-three-wheeler manufacturer Bajaj Auto has entered into an MoU with the Maharashtra government to set up a manufacturing facility in the state. The MoU envisages a proposed investment of Rs 650 crore in the state’s Chakan. “The facility is expected to commence production in 2023. This facility will be utilised for manufacturing high end […]
Despite Covid-19 pandemic, Maharashtra proves ‘magnetic’ for investors
NEW DELHI: Amid the Covid-19 pandemic, Maharashtra remains the biggest magnet for investors, attracting a whopping Rs 1.12 lakh crore plus worth of industrial investments in the past six months, Chief Minister Uddhav Thackeray said on Tuesday. The state signed 25 fresh MoUs with investment commitments of Rs 61,000 crore spanning 15 different sectors, with […]
Ban steel exports as high domestic prices harming forging industry: AIFI
NEW DELHI: The Association Of Indian Forging Industry (AIFI) has urged the Centre to ban exports of steel and iron ore due to high prices which are hampering the growth of India’s forging industry. The association cited the Covid-19 disruption as a major factor that has affected the automobile industry, thereby the component suppliers and […]
Private equity investment in Indian real estate likely to revive in 2021
NEW DELHI: Private equity investment in the Indian real estate sector is likely to recover and hit the $6 billion-mark next year, registering a year-on-year growth of 30 per cent, according to a report by Savills India. The report noted that the growth may come on the back of an improving economic sentiment supported by […]
Economic Offences Wing files FIR on Religare Finvest’s complaint of Rs 793 crore fraud
NEW DELHI: The Economic Offences Wing of Delhi Police has filed an FIR against Strategic Credit Capital Private Ltd (SCCPL) along with other associated entities and individuals Mohnish Mukkar over an alleged fraud of over Rs 793 crore based on a complaint by Religare Finvest Ltd (RFL). RFL had filed a criminal complaint in August […]
India’s foreign exchange reserves swell by $2.56 billion
NEW DELHI: India’s foreign exchange reserves rose by $2.563 billion during the week ended December 18. According to the Reserve Bank of India’s weekly statistical supplement, the reserves increased to $581.131 billion from $578.568 billion reported for the week ended December 11. India’s forex reserves comprise of foreign currency assets (FCAs), gold reserves, special drawing […]
Payment of 1% GST in cash only for 45,000 taxpayers: DoR sources
NEW DELHI:The mandatory requirement of 1 per cent cash payment of GST liability with effect from January 1 would be applicable to about 45,000 taxpayers, which is only 0.37 per cent of the total businesses registered in the Goods and Services Tax system, Revenue Department sources said on Saturday. To curb tax evasion by way […]
Will meet operating expenditure from earnings: Rail Board Chairman assesses pandemic-hit year
NEW DELHI: The Railways will meet its operating expenditure from its earnings despite the coronavirus pandemic, Railway Board Chairman VK Yadav said on Saturday, assessing a year that saw the national transporter scale down its passenger services to an unprecedented level to contain the spread of the virus. Addressing a Year-ender press meet, Yadav said […]
Income Tax Department searches in Delhi, Assam unearth Rs 100 crore in undisclosed income
NEW DELHI: The Income Tax Department’s search and survey action against three leading contractors of north-eastern India has led to the alleged unearthing of undisclosed income of nearly Rs 100 crore so far. One of the groups is into hospitality business. The searches have been carried out at 14 locations in Delhi, and Guwahati, Silapathar, […]
User fee collection through FASTag crosses Rs 80 crore per day with record 50 lakh transactions: NHAI
NEW DELHI: The National Highways Authority of India (NHAI) on Friday said the electronic toll collection through FASTag has crossed Rs 80 crore a day with record 50 lakh transactions per day. Over 2.20 crore FASTag have been issued so far. “The toll collection through FASTag first time crossed Rs 80 crore per day on […]
TRP scam: Mumbai Police say ex-BARC CEO was ‘mastermind’
MUMBAI: The Mumbai Police on Friday asserted that ex-BARC CEO Partho Dasgupta – who was arrested on Thursday – was the ‘mastermind’ of the alleged multi-crore rupees TRP scam, unearthed last October. Addressing the media, Police Commissioner Param Bir Singh and other officers said that the former CEO of Broadcast Audience Research Council (BARC) had […]
BJP starts assembly election exercise in Assam
NEW DELHI :The Congress on Friday hit back at Prime Minister Narendra Modi, saying he is busy in giving clarifications on television on the three farm laws against which thousands of farmers are protesting for the last one month on the borders of the national capital, braving chilly winter conditions. In a statement, Congress spokesperson […]
Nitin Gadkari inaugurates and lays foundation stone for 27 highway projects in Assam
NEW DELHI: India’s Road Transport, Highways and MSMEs Minister Nitin Gadkari inaugurated and laid foundation stone for 27 highway projects in Assam today. Chief Minister of the State Sarbanand Sonowal presided over the function. These projects carry a road length of nearly 439 kilometers, involving construction value of Rs. 2,366 crore. These projects will ease […]
Government willing to talk to all on farm issues: Narendra Modi
NEW DELHI: Prime Minister Narendra Modi on Friday squarely blamed those with political agenda for the deadlock in the Narendra Modi government’s (Centre’s) talks with protesting farmers and asserted that his government is willing to hold dialogues with all, including those staunchly opposed to it, as long as talks are based on farm issues, facts […]