Category: NEWS

Closure of some mines, inundation due to monsoon led to coal crisis: Pralhad Joshi

NEW DELHI:  India’s Coal Minister Pralhad Joshi on Thursday said closure of some mines, and inundation of a few others due to monsoon led to the crisis but there is no need to panic as the situation is improving. Visiting the Ashoka mine of the Central Coalfields Ltd (CCL) at Piparwar in Chatra district of […]

Ampere Electric launches electric scooter Magnus EX at Rs 68,999

NEW DELHI: Ampere Electric on Friday expanded its Magnus e-scooter range with the addition of Magnus EX with a host of improved and innovative features, priced at Rs 68,999 (ex-showroom Pune). With additional state government incentives, the overall price of the new offering will reduce further making it lucrative for the electric vehicle buyers amid […]

Norah Fatehi appears before ED in ‘conman’ money laundering case

NEW DELHI: Actor Norah Fatehi on Thursday appeared before the Enforcement Directorate (ED) here for recording her statement in connection with a money laundering case filed against alleged conman Sukesh Chandrashekar, officials said. Fatehi, 29, appeared before the investigating officer of the case at the agency office here. Sources said her statement is being recorded […]

Reliance to invest in NexWafe as strategic lead investor

NEW DELHI: Billionaire Mukesh Ambani’s Reliance Industries has invested EUR 25 million in German solar wafer maker NexWafe GmbH to use the firm’s technology to set up giga-scale wafer manufacturing facilities in India. “NexWafe GmbH (NexWafe) today announced the induction of Reliance New Energy Solar Limited (RNESL), a wholly-owned subsidiary of Reliance Industries Limited (Reliance) […]

India launches PM Gati Shakti

NEW DELHI: Prime Minister Shri Narendra Modi launched PM Gati Shakti – National Master Plan for multi-modal connectivity here today. He also inaugurated the New Exhibition Complex at Pragati Maidan. Union Ministers, Nitin Gadkari, Piyush Goyal, Hardeep Singh Puri, Shri Sarbananda Sonowal, Shri Jyotiraditya Scindia and Ashwini Vaishnaw, R K Singh, Chiefs Minister, Lieutenant Governors, […]

Danfoss signs MoU with IISc Bangalore

CHENNAI: Danfoss India, a leader in heating, ventilation and air-conditioning (HVAC), has signed a memorandum of understanding with Indian Institute of Science, Bengaluru, with an aim to create a research and training centre on use of Low GWP (Global Warming Potential) refrigerants, the company said on Sunday. The Memorandum of Understanding signed for a duration […]

Work to monetise Alliance Air, 3 other Air India subsidiaries to start: DIPAM Secretary

NEW DELHI: After the historic Air India privatisation, the government will now start work on monetising its four other subsidiaries, including Alliance Air, and over Rs 14,700 crore worth non-core assets like land and building, DIPAM Secretary Tuhin Kanta Pandey said. The government on October 8 had announced that salt-to-software conglomerate Tatas have won the […]

Modi government starts process for filling posts of independent directors in PSBs, FIs

NEW DELHI: The Narendra Modi government has initiated the process of filling about 100 vacancies of independent directors in public sector banks and financial institutions to meet regulatory norms of corporate governance. There have been vacancies at the independent director level across the public sector space leading to regulatory non-compliance, sources said. As per the […]

Revenue Department report calls for breaking down circle rate categories in city

NEW DELHI: The Delhi government’s Revenue Department has prepared a report to revise circle rates of properties in the city by breaking it down down into sub categories within eight existing categories to reflect the prevailing market rates, officials said. A committee of the Revenue Department, after evaluation of circle rates of different kinds of […]

Ultratech emerges as preferred bidder for limestone block in Madhya Pradesh

NEW DELHI: Ultratech Ltd has emerged as preferred bidder for a limestone block in Madhya Pradesh.Ramstahn Ghunchihai limestone mine, which has reserves of 209.77 million tonnes, was auctioned in the current fiscal. The limestone mine is among five mineral blocks that have been successfully put for sale in 2021-22, according to the mines ministry. Sree […]

India Inc’s revenue likely grew 18-20% on-year to Rs 8.2 trillion in 2nd quarter

NEW DELHI: Higher commodity prices and continued revival in demand for consumer discretionary products likely lifted corporate revenue 18-20 per cent on-year to Rs 8.2 lakh crore in the second quarter of this fiscal, indicates a CRISIL Research study of 300 companies (excluding from the financial services and oil sectors) that account for 55-60 per […]

PM Narendra Modi holds talks with Danish counterpart

NEW DELHI: Prime Minister Narendra Modi on Saturday held talks with his Danish counterpart Mette Frederiksen with a focus on expanding overall bilateral cooperation in a range of areas including renewable energy and trade and investment. Frederiksen arrived here early this morning on a three-day state visit. “Towards nurturing India-Denmark Green Strategic Partnership!PM @narendramodi welcomes […]

Most PSUs on government’s privatisation list created by private sector: Sanjeev Sanyal

NEW DELHI: Defending privatisation policy, Principal Economic Adviser Sanjeev Sanyal on Saturday said most of the public sector undertakings (PSUs) that the government intends to sell were actually created by the private sector. Stressing that this government is unapologetic about privatisation, he said “you (Opposition) made the point that this (PSUs) has been built through […]

India, US discuss Indo-Pacific, regional issues ahead of 2+2 dialogue

NEW DELHI: India and the US have discussed their flourishing defence partnership and opportunities for enhanced cooperation with like-minded partners to sustain a free and open Indo-Pacific as officials from the two countries held a meeting to lay the groundwork for the key 2+2 Ministerial Dialogue later this year, the Pentagon has said. The meeting […]

Income Tax Department detects Rs 550 crore hidden income after raids on Hetero pharma group

NEW DELHI: The Income Tax Department detected “unaccounted” income of Rs 550 crore and seized over Rs 142 crore cash after it recently raided Hyderabad-based Hetero pharmaceutical group, official sources claimed on Saturday. Company officials were not immediately available for comments. The raids were carried out by the tax department on October 6 at about […]

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