India Inc’s foreign commercial borrowings rise by 4.6% in August: RBI data

NEW DELHI: India Inc’s foreign commercial borrowings in August this year rose by nearly 4.6 per cent to USD 2.98 billion, according to the RBI data. In August 2021, the Indian businesses borrowed USD 2.85 billion in the form of external commercial borrowings. Of the total borrowings in August this year, over USD 2.47 billion […]

India’s finance ministry modifies ECLGS; raises loan limit to Rs 1,500 crore for aviation sector

NEW DELHI: India’s finance ministry has modified the Emergency Credit Line Guarantee Scheme (ECLGS) by raising loan limit under the scheme to Rs 1,500 crore from Rs 400 crore to help the COVID-hit industry tide over liquidity stress. Recognising that an efficient and strong civil aviation sector is vital for the economic development of the […]

India’s support to poor during Covid-19 remarkable, says World Bank president

WASHINGTON: India’s support to the poor and needy during the COVID-19 pandemic crisis is remarkable, and other nations should adopt the Indian move of targeted cash transfer instead of broad subsidies, World Bank President David Malpass said on Wednesday. COVID-19 marked the end of a phase of global progress in poverty reduction. During the three […]

Tata Value Homes sells over 100 residential units at New Haven

NEW DELHI: With an aim to address the growing demand for quality homes in Haryana – Bahadurgarh, Tata Value Homes- 100% subsidiary of Tata Housing Development Company, launched the new phase of New Haven in line with the company’s growth and expansion plans in the NCR region. The launch comes at an auspicious times marked […]

Reliance Jio launches beta trial of Jio True 5G services in Mumbai, Delhi, Kolkata, and Varanasi

NEW DELHI: Post the successful demonstration of its True-5G services at the India Mobile Congress 2022, Jio is announcing the Beta trial of its True-5G services on the auspicious occasion of Dussehra, for Jio users in 4 cities – Mumbai, Delhi, Kolkata, and Varanasi. Dussehra symbolizes the triumph over hurdles caused by legacy technologies such […]

Alliance Air launches flight on Bilaspur-Indore route

NEW DELHI: The Centre-run Alliance Air on Monday launched a flight between Bilaspur in Chhattisgarh and Indore in Madhya Pradesh, which will operate four days a week. Chief Minister Bhupesh Baghel, who was in Raipur, virtually launched the inaugural flight at Bilasa Devi Kevat Airport, Bilaspur, located around 125 km away from the capital. The […]

Skoda Auto Volkswagen begins export of SUV Kushaq to Arab Gulf countries

NEW DELHI: Skoda Auto Volkswagen India on Monday said it has commenced exports of mid-sized sports utility vehicle Kushaq. The company, which manages the Indian region of five Volkswagen Group brands Skoda, Volkswagen, Audi, Porsche, and Lamborghini – has started shipments of left-hand-drive Kushaq to Arab Gulf Cooperation Council (AGCC) countries. In September, Skoda Auto […]

Light Combat Helicopter inducted into Indian Air Force

NEW DELHI: In a big boost to Atmanirbhar Bharat in Defence, Raksha Mantri (Defence Minister) Rajnath Singh today presided over the formal induction of Light Combat Helicopter (LCH), designed and developed by Hindustan Aeronautics Limited (HAL), into the Indian Air Force (IAF) in Jodhpur. Naming LCH as “Prachanda”, Raksha Mantri said that its induction comes […]

Narendra Modi flags off new Vande Bharat Express in Gujarat

NEW DELHI: The Prime Minister, Shri Narendra Modi flagged off Gandhinagar- Mumbai Vande Bharat Express at Gandhinagar station and travelled on the train from there to Kalupur Railway Station. When he arrived at Gandhinagar station, the Prime Minister was accompanied by Chief Minister of Gujarat, Bhupendra Patel, Governor of Gujarat, Acharya Devvrat, Union Minister of […]

India launches 5G Services

NEW DELHI: Ushering in a new technological era, the Prime Minister,  Narendra Modi launched 5G services in Pragati Maidan, New Delhi today. The Prime Minister also inaugurated the sixth edition of the India Mobile Congress and also witnessed the IMC Exhibition that was put on the occasion. Industry leaders expressed their views on this historic […]

Prime Minister to launch 5G Services in India

NEW DELHI: The Prime Minister, Narendra Modi will launch 5G Services in India on October 01, 2022 and also inaugurate the 6th Edition of India Mobile Congress 2022 (IMC-2022) to be held from October 1-4, 2022, at Pragati Maidan, New Delhi. The launch of 5G services follows years of intense preparation. Recently, 5G spectrum auctions […]

Gujarat has country’s longest coastline, but not efforts made for decades to develop it: Narendra Modi

BHAVNAGAR: Prime Minister Narendra Modi on Thursday said although Gujarat has the longest coastline in the country, no attention was paid for its development for decades post-Independence, but ”honest attempts” were made in the last 20 years by the BJP government to turn it into the country’s ”door of prosperity”. He said the Bharatiya Janata […]

Arrested businessman made Rs 50 crore by violating Delhi excise policy: ED

NEW DELHI: Liquor businessman Sameer Mahandru, arrested by the Enforcement Directorate (ED) in connection with the Delhi excise policy money laundering case, earned Rs 50 crore as “proceeds of crime” in less than a year by violating the provisions of the liquor scheme, the agency told a local court. Mahandru, the managing director of an […]

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