India:Nearly 12,900 companies struck off in 2020-21
NEW DELHI: As many as 12,889 companies were struck off from official records in the financial year ended March 2021 and 87 companies dissolved during the same period, according to official data. As per the data provided by the corporate affairs ministry to Rajya Sabha on Tuesday, a total of 2,38,223 companies were struck off […]
Over $157 billion deployed in last 15 months to fight Covid-19 pandemic: World Bank
NEW DELHI: In its largest-ever crisis response, the World Bank has deployed over USD 157 billion to fight the impact of the COVID-19 pandemic on health, economic and social fronts over the last 15 months. This represents an increase of more than 60 per cent over the 15-month period prior to the pandemic, the bank […]
Ericsson signs $8.3 billion 5G deal with Verizon
NEW DELHI:Ericsson said that it has signed $8.3 billion agreement with Verizon to provide its industry-leading 5G solutions to accelerate the deployment of Verizon’s world-class next-generation 5G network in the U.S. Niklas Heuveldop, President and Head of Ericsson North America, says: “This is a significant strategic partnership for both companies and what we’re most excited […]
Opposition should ask difficult, stinging questions but should also give opportunity to reply in peaceful environment: Narendra Modi
NEW DELHI: Prime Minister Narendra Modi on Monday siad that I hope all of you have been vaccinated at least once. But even then, I pray to all of you and my colleagues in the House to cooperate in following the Corona protocols. Vaccine is given in ‘baahu’ (arms), and those who take it become ‘Baahubali’. […]
L&T construction arm bags significant orders in overseas, domestic market
NEW DELHI: Infrastructure company Larsen & Toubro (L&T) on Monday said its construction arm has received orders in India and abroad for its various businesses. But The company did not provide the value of the contracts as orders fall under the ‘significant’ category, which ranges between Rs 1,000 crore and Rs 2,500 crore, according to […]
Modi government to take up 31 Bills during Monsoon session beginning Monday
NEW DELHI: As many as 31 Bills, including two related to finance, six on Ordinances are likely to be taken up by the Narendra Modi government (Centre) during the Monsoon Session of Parliament that will commence from Monday while the Opposition has demanded discussions on a host of issues including the Covid-19 situation and threat […]
Bajaj Auto begins booking for electric scooter Chetak in Nagpur
NEW DELHI: Bajaj Auto on Saturday said it has commenced bookings for its electric scooter Chetak in Nagpur from July 16. With the aim of providing a seamless and convenient booking experience, customers can book the vehicle exclusively online on www.chetak.com for Rs 2,000, the company said in a statement. Earlier, the booking slots available […]
Ola says it got 100,000 bookings for electric scooter within 24 hours
NEW DELHI: Ola Electric on Saturday said it has received around 1 lakh bookings for its upcoming scooter within the first 24 hours of initiating the process. The company had opened booking for its electric scooter in the evening of July 15. “I am thrilled by the tremendous response from customers across India for our […]
Zurich airport signs agreement with NIAL for development of Noida airport
NEW DELHI: The Zurich Airport International on Saturday signed a shareholder agreement with the Uttar Pradesh government’s entity NIAL in Lucknow for the development of the Noida International Airport, a statement said. Arun Vir Singh, CEO, Noida International Airport Limited (NIAL), and Christoph Schnellmann, CEO, Yamuna International Airport Pvt Ltd (YIAPL), signed the agreement in […]
Foundation of Dibrugarh airport’s runway extension laid
DIBRUGARH: The foundation of Dibrugarh Airport’s runway extension project was laid by the Airports Auhority of India to mark the 75th anniversary of Indian Independence (Azadi ka Amrit Mahotsav), officials said on Saturday. The foundation stone ceremony on Friday was attended by Dibrugarh Deputy Commissioner Pallav Gopal Jha as chief guest, Airport Director Ramjee Awasthi […]
Delhi airport’s T2 terminal to reopen from July 22
NEW DELHI: The T2 terminal of the Delhi international airport will resume operations from July 22, two months after it was shut down due to significant drop in domestic air traffic owing to the COVID-19 pandemic’s second wave, a statement said on Saturday. The resumption of operations at T2 from July 22 onwards will be […]
Jharkhand DGP Neeraj Sinha to continue till February 2023
RANCHI: Jharkhand’s Director-General of Police (DGP) Neeraj Sinha will continue to remain in his post till February 12, 2023. Sinha, a 1987-batch IPS officer, was named Jharkhand’s DGP, replacing incumbent MV Rao, on February 11 this year. He was appointed to the post without the mention of any specific tenure in the notification. Sinha will […]
ED conducts searches against Videocon group, promoters
NEW DELHI: The ED conducted searches against the promoters of the Videocon group in Mumbai on Friday in connection with its probe against the business house linked to some overseas businesses, official sources said. They said the searches were being conducted at multiple premises. Further details about the latest action were not available immediately. The […]
Reduction in NPAs for PSBs due to write-offs at Rs 1,31,894 crore in FY21: RTI
NEW DELHI: Reduction in non-performing assets (NPAs) due to write-offs for public sector banks (PSBs) stood at Rs 1,31,894 crore during fiscal 2020-21, according to an RTI response. The RTI query was filed by Nagpur-based Sanjay Thul seeking information on non-performing assets (NPAs) of state-run banks and bad loans write-off by PSBs in the last […]
Banks consortium gets over Rs 792 crore in Vijay Mallya loan default case: ED
NEW DELHI: The State Bank of India-led consortium that lent loans to fugitive businessman Vijay Mallya on Friday received Rs 792.11 crore in its accounts after some shares, earlier attached under the anti-money laundering law, were sold, the Enforcement Directorate said. With this, the Enforcement Directorate (ED) claimed that the banks and the government exchequer […]
Bharat Biotech’s partner Ocugen seeks approval for Covaxin in Canada
HYDERABAD: Ocugen Inc., Bharat Biotech’s partner for USA and Canada for COVID-19 vaccine Covaxin has initiated a rolling submission to Health Canada for the jab, the US company said in a regulatory filing. The move follows the release by Bharat Biotech of Phase 3 clinical trial results, which demonstrated efficacy and safety in nearly 25,800 […]