Magenta signs MoU with Tamil Nadu to invest over Rs. 250 crores to set up an EV manufacturing plant
NEW DELHI: Magenta, a leading Indian Charge Point Operator (CPO) company, signed a Memorandum of Understanding (MoU) with the State Government of Tamil Nadu to invest in building the EV charging infrastructure in the state. Maxson Lewis, CEO and MD, Magenta, signed the MoU in the presence of the Chief Minister of Tamil Nadu, Thiru. […]
India records close to 15% rise in export of agricultural and processed food products in April-October
NEW DELHI: In a major boost to export prospects of agricultural produce, India registered a significant surge in export of agricultural and processed food products in April-October period of current Financial Year, 2021-22, in comparison to the corresponding seven month period of last fiscal, 2020-21. According to the Quick Estimates released by the Directorate General […]
Nirmala Sitharaman to lead a team of Secretaries for discussions at GIFT City
NEW DELHI: Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman will lead a team of seven Secretaries from the Ministry of Finance and Ministry of Corporate Affairs to discuss matters of development and growth of India’s maiden International Financial Services Centre (IFSC) at GIFT City, Gandhinagar on 20th November, 2021. The Ministers of State […]
Axon Developers acquire 2 stress projects, to invest Rs 350 crore
NEW DELHI: Axon Developers, new age Real Estate development company, has kick-started its operations by acquiring two stress asset projects in Delhi NCR. The company said that it would invest Rs 350 crore for the completion of around 750 units in the two residential projects. The investment will be through internal accrual and sales. The […]
Narendra Modi announces repeal of 3 farm laws
NEW DELHI: Prime Minister Narendra Modi on Friday announced that the Centre has decided to repeal all three farm laws. In an address to the nation, he said, “We have decided to repeal all three farm laws, will begin the procedure at the Parliament session that begins this month.” He urged the protesting farmers to […]
Bihar will soon have its own Khadi policy
Patna: Bihar Industries Minister Shahnawaz Hussain on Thursday said the state government would soon come out with a Khadi policy to create maximum employment in the state. Talking to reporters here, Hussain said the policy will be finalised after taking suggestions from Khadi Committees in the state. The minister announced the formation of a core […]
JMM blockades Tata factories to protest shifting of TCPL HQ to Maharashtra
JAMSHEDPUR: Jharkhand Mukti Morcha (JMM), on Wednesday blockaded the main entrances of Tata group of companies here as well as Tata-run mines in West Singhbum district, to protest shifting of the head office of a few Tata group companies including Tata Cummins. JMM MLA from Ghatsila, Ramdas Soren, who is also the East Singhbhum district […]
Vedanta mulls group restructuring; separate listing of businesses
NEW DELHI: Billionaire Anil Agarwal’s Vedanta Ltd on Wednesday said it is mulling restructuring of the mining behemoth that may include demerger and listing of the aluminium, iron & steel, and oil and gas businesses as standalone entities. Under the restructuring being evaluated, Vedanta Ltd and three businesses will operate parallelly, chairman Agarwal told PTI. […]
Airtel institutes ESG Committee of Board of Directors
NEW DELHI: Bharti Airtel Limited (“Airtel”), India’s premier communications solutions provider, today announced that it has formed a Committee of Board of Directors (“ESG Committee”) to sharpen its focus towards its Environmental, Sustainability and Governance (ESG) agenda. Manish Kejriwal, Lead Independent Director on the Board will be the Chairman of the ESG Committee. Other Board […]
India’s Defence Ministry issues new list of firms with whom dealings have been suspended
NEW DELHI: The Ministry of Defence on Sunday issued a new list of firms with whom dealings have been suspended or put on hold or restricted procurements. The fresh list has excluded AgustaWestland and its parent firm Leonardo. The Defence Ministry had lifted the ban on them with conditions earlier this month. “There are a […]
TATA Projects’ secures 120-km Transmission Line project in Bangladesh
NEW DELHI: TATA Projects Limited, one of India’s fastest growing and most admired infrastructure companies, today announced that the company has forayed into Bangladesh’s T&D sector by securing a 400 KV Double Circuit Transmission Line project valued at approximately Rs 900 crore (USD 120 million) from Power Grid Company of Bangladesh Limited (PGCB). This 120-km […]
L&T’s construction arm bags significant orders for various businesses
NEW DELHI: Larsen & Toubro (L&T) on Monday said its construction arm has bagged significant orders for its various businesses in the country. “The construction arm of L&T has secured orders for its businesses in India,” the company said in a statement. The company’s metallurgical and material handling (MMH) business has bagged an engineering, procurement […]
Bihar has made extensive use of technology to combat pandemic: Jibesh Kumar
NEW DELHI: The COVID-19 pandemic was one of the worst times in many decades, but one silver lining is that the COVID-19 crisis pushed companies and governments over the technology tipping point—and forever changed business. It has brought about 5 years of change in digitization in just over a year. During the COVID-19 pandemic, technology […]
India’s foreign exchange reserves increase $1.9 billion to $642 billion: RBI
NEW DELHI: India’s forex reserves have increased by USD 1.919 billion to USD 642.019 billion for the week ended October 29 on a healthy increase in the currency assets and value of gold, the Reserve Bank said on Friday. The overall reserves had declined by USD 908 million to USD 640.1 billion at the end […]
India approves proposals worth Rs 7,965 crore for Armed Forces modernisation
NEW DELHI: India’s Defence Ministry on Tuesday approved proposals worth Rs 7,965 crore for modernisation of the Armed Forces under ‘Make in India’. The Defence Acquisition Council chaired by Defence Minister Rajnath Singh, accorded Acceptance of Necessity (AoN) for capital acquisition proposals for modernisation and operational needs of the Armed Forces amounting to Rs 7,965 […]
Zydus Cadila agrees to reduce price of each dose of its Covid-19 vaccine to Rs 265
NEW DELHI: Zydus Cadila has agreed to bring down the price of its COVID-19 vaccine to Rs 265 a dose following persistent negotiations by the government but a final deal is yet to be reached, sources said on Sunday. To administer the needle-free ZyCov-D vaccine, a disposable painless jet applicator costing Rs 93 is required […]