Category: NEWS

Prime Minister Narendra Modi will do his best to avert Adani issue in Parliament: Rahul Gandhi

NEW DELHI: Congress leader Rahul Gandhi on Monday said Prime Minister Narendra Modi will do his best to avert a discussion on the Adani issue in Parliament, asserting that the country should know what power is behind the billionare businessman. “Modi ji will do his best to avert a discussion on Adani ji in Parliament. […]

Ahead of maturity in September 2024, Adani Group to pre-pay $1.1 billion

NEW DELHI: Adani Group on Monday said that the promoters will pre-pay USD 1,114 million for the release of pledged shares of its firms ahead of the maturity in September 2024. These shares belong to Adani Ports & Special Economic Zones, Adani Green Energy and Adani Transmission, a statement said. “This is in continuation of […]

Relax paddy procurement norms to help farmers in Cauvery delta: Stalin

CHENNAI: Ready for harvest paddy crops spread over one lakh hectares in Cauvery delta region has submerged following unseasonal rainfall, Tamil Nadu Chief Minister M K Stalin apprised Prime Minister Narendra Modi on Sunday and urged relaxation of paddy procurement norms including stipulation on moisture content. When paddy (Samba) is all set for harvest this […]

Mumbai: Civic budget on February 4; exercise for the first time since 1985 under administrator

NEW DELHI:The budget of Brihanmumbai Municipal Corporation (BMC) for the fiscal 2023-24 will be presented on February 4, the first time since 1985 that the exercise is being undertaken when the term of the corporators have ended and the financial capital’s civic body is under an administrator. The polls to BMC are pending due to […]

Andhra Pradesh capital to be shifted to Visakhapatnam;Kicks-off Global Investors’ Summit 2023 with diplomatic meet

NEW DELHI: Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Tuesday said the State capital would be shifted to Visakhapatnam. Addressing the preparatory meeting for the Global Investors Summit to be held in Visakhapatnam in March, Jagan said he would be shifting his office to the port city in the months to come. ”Here […]

Fraud cannot be obfuscated by nationalism: Hindenburg on Adani ‘loot’

NEW DELHI: US short seller Hindenburg Research has rejected Adani Group’s charge that its report was an attack on India, saying a “fraud” cannot be obfuscated by nationalism or a bloated response that ignored response to key allegations. Commenting on the 413-page response Adani Group released late on Sunday evening in response to its report, […]

Adani’s market loss swells to $70 billion as its fight with short-seller escalates

By Chris Thomas and Aditya Kalra NEW DELHI:Adani group shares extended their sharp falls on Monday as the Indian conglomerate’s rebuttal of a U.S. short-seller’s criticism failed to pacify investors, driving stock market losses for the companies to almost $70 billion over three days. Flagship Adani Enterprises (ADEL.NS), which is facing a crucial test this […]

Airbus to hire more than 13,000 people globally in 2023

NEW DELHI: To support its commercial aircraft ramp-up, meet challenges in defence, space and helicopters, Airbus intends to recruit more than 13,000 people globally in 2023. Around 7,000 of these will be newly created posts across the company. The new hires will be instrumental in supporting our industrial ramp-up and Airbus’ ambitious decarbonisation roadmap and […]

Indian Rupee closes at 81.53 against US dollar amid heavy selling pressure

NEW DELHI: The rupee appreciated 8 paise to close at 81.53 (provisional) against the US dollar on Friday amid a firm American currency against major rivals overseas. However, heavy selling pressure in the domestic equity markets and unabated foreign fund outflows restricted the gains in the local currency, forex traders said. At the interbank foreign […]

Tata Motors to hike prices of passenger vehicles by 1.2% from February

NEW DELHI: Tata Motors on Friday said it will increase prices of its internal combustion engine-powered passenger vehicle range by 1.2 per cent on a weighted average basis from February 1. The company has been absorbing a significant portion of the increased costs on account of regulatory changes and a rise in overall input costs, […]

DLF plans to launch in February Rs 7500 crore worth premium housing project in Gurugram

NEW DELHI: Realty major DLF Ltd plans to launch a luxury housing project in Gurugram next month with an estimated sales revenue of around Rs 7,500 crore as it seeks to tap strong demand for high-end apartments. The company plans to develop around 1,100 apartments in this residential project, DLF Group Executive Director and Chief […]

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