New Delhi: The declaration of National Startup Day by Prime Minister Narendra Modi comes as a big boost to the ever-growing startup industry in India. PR & Advocacy firm, SPAG, works closely with startups, and welcomes this move as it will add tremendously to the existing growth trajectory of the sector. Already pegged to be […]
NEW DELHI: Indian Oil Corporation (IOC), the nation’s largest oil firm, on Sunday said it will invest over Rs 7,000 crore in setting up city gas distribution networks in the cities for which it has secured a licence in the latest bidding round. IOC secured 33 per cent of the demand potential that was up […]
NEW DELHI: Investors are taking huge interest in the country’s startup ecosystem and in the last one year, annual fundings into startups have increased from USD 11 billion to USD 36 billion, a top government official said on Saturday. Anurag Jain, Secretary in the Department for Promotion of Industry and Internal Trade (DPIIT), said the […]
NEW DELHI: The Enforcement Directorate (ED) on Saturday said that they have attached properties worth Rs 380 crore of a company belonging to Sachin Joshi under Prevention of Money Laundering Act (PMLA). The ED said that they attached two properties out of which one is in Worli and second is in Pune. Initially, a case […]
NEW DELHI: The Prime Minister Narendra Modi interacted with Startups today via video conferencing. The Startups gave presentations to the Prime Minister on six themes viz. Growing from Roots; Nudging the DNA; From Local to Global; Technology of Future; Building Champions in Manufacturing; and Sustainable Development. More than 150 startups were divided into six working groups […]
NEW DELHI: The Budget Session of Indian Parliament will commence on January 31 with the address of the president to both the Houses, and conclude on April 8, sources said on Friday citing recommendation of the Cabinet Committee on Parliamentary Affairs. The Union Budget will be presented on February 1. The Economic Survey is likely […]
NEW DELHI: Megha Engineering and Infrastructures Ltd (MEIL) walked away with the most 15 licences to retail CNG to automobiles and piped cooking gas to households in the latest city gas bidding round, while a joint venture of billionaire Gautam Adani’s gas arm and Total of France got 14 licences. According to the results of […]
NEW DELHI: Billionaire Mukesh Ambani-led Reliance Industries will invest Rs 5.95 lakh crore in green energy and other projects in Gujarat over the next 10-15 years as it looks to accelerate the clean energy business by building giga-factories. The oil-to-telecom conglomerate will invest Rs 5 lakh crore in the state to set up 100 gigawatts […]
New Delhi: The government will launch the mega public offer of LIC by March and file draft papers with market regulator Sebi by the end of this month, an official said. Finance Minister Nirmala Sitharaman had last week reviewed the progress of the initial public offering (IPO) of Life Insurance Corporation (LIC) in a meeting […]
Lucknow/ New Delhi: RattanIndia backed Revolt Motors, India’s next gen-mobility company announced the expansion of its retail presence in Uttar Pradesh. The company opened its first store in Lucknow, Uttar Pradesh region and it is the 20th dealership store across the country. Last month Revolt Motors opened three retail stores in Kolkata, Madurai and Coimbatore. […]
NEW DELHI: Vedanta Group is willing to spend $12 billion to acquire India’s state-owned refiner Bharat Petroleum Corp., an asset sale that’s among the nation’s biggest and which has faced delays in completion. “We’re not going to bid aggressively, but we will put the right price,” billionaire chairman Anil Agarwal said in an interview in […]
NEW DELHI: The income tax department on Thursday said it has issued refunds of over Rs 1.54 lakh crore to more than 1.59 crore taxpayers so far this fiscal. This includes 1.20 crore refunds of Assessment Year 2021-22 (fiscal ended March 31, 2021), amounting to Rs 23,406.28 crore. “CBDT issues refunds of over Rs 1,54,302 […]
NEW DELHI: The UK government on Thursday announced the launch of free trade agreement (FTA) negotiations with India, describing it as a “golden opportunity” to put British businesses at the “front of the queue” of the Indian economy. British Prime Minister Boris Johnson said an FTA would take the country’s historic partnership with India to […]
NEW DELHI: Industrialist Gautam Adani-led Adani Group has signed a pact with South Korea’s POSCO to explore business opportunities in sectors like steel, renewable energy among others. Both the entities have signed a memorandum of understanding (MoU) to this effect. In a statement, Adani Group said the investment under the MoU is estimated to be […]
NEW DELHI: Pune-based Kolte-Patil Developers Ltd on Wednesday reported a 77 per cent jump in its sales bookings to Rs 561 crore for the quarter ended December. Its sales bookings stood at Rs 317 crore in the year-ago period. In a statement, the company said its sales bookings rose 83 per cent to Rs 1,238 […]
NEW DELHI: As local authorities impose restrictions in view of Omicron, industry bodies have asked the government to link restrictions to hospitalisation and not the overall case count. India Inc is worried about the impact the restrictions, ranging from asking employees of private offices to work from home to shutting down cinema halls and dining […]
