Finance Ministry allows additional Rs 7,106 crore borrowing by Uttar Pradesh, Andhra Pradesh
NEW DELHI: The government of India (Centre) on Friday permitted Uttar Pradesh and Andhra Pradesh to go for an additional borrowing of Rs 7,106 crore, to meet their expenditure requirements amid falling revenues due to the COVID-19 crisis. “The Ministry of Finance has granted additional borrowing permission to two more states, Uttar Pradesh and Andhra […]
India’s forex reserves decline by over $3 billion
NEW DELHI: India’s foreign exchange reserves plunged by $3.017 billion during the week ended September 25. According to the Reserve Bank of India’s weekly statistical supplement, the reserves decreased to $542.021 billion from $545.038 billion reported for the week ended September 18. India’s forex reserves comprise of foreign currency assets (FCAs), gold reserves, special drawing […]
Goldman Sachs to set up operations in Hyderabad
NEW DELHI: Leading global investment bank and financial services company Goldman Sachs will be expanding its presence in India, by setting up in Hyderabad too. The US-headquartered firm said it has identified Hyderabad as a new location for its global shared services footprint in India. This is a part of the firm’s India location strategy […]
Gregg Albert Saretsky appointed non-executive director on IndiGo board
NEW DELHI: The InterGlobe Aviation has appointed Gregg Albert Saretsky, who was the former CEO of a Canadian airline, as a non-executive non-independent director on the board of IndiGo, according to a statement. Saretsky is a nominee of Rahul Bhatia’s InterGlobe Enterprises (IGE) group, which holds around 38-per-cent share in the budget carrier. He has […]
M&M launches all-new Thar SUV
NEW DELHI: Automobile major Mahindra & Mahindra (M&M) on Friday launched the all-new Thar SUV. According to the company, the all-new Thar will be available in two trims, “AX” and “LX”, with prices starting at Rs 9.80 lakh for the AX series and Rs 12.49 lakh for the LX series. It comes with two engine […]
Tesla coming to India next year: Elon Musk
NEW DELHI: Tesla CEO Elon Musk said on Friday that the electric car maker is finally ready to enter the India market in 2021. Musk revealed his plans to bring Tesla cars to India in his response to a Twitter post that asked about the progress on Tesla’s planned entry into India. “Next year for […]
Telangana seeks Rs 500 crore from Centre for Hyderabad-Vijayawada highway
HYDERABAD: Telangana’s minister for municipal administration and urban development K. T. Rama Rao has urged the Narendra Modi government (Centre) to provide Rs 500 crore for development works on Hyderabad – Vijayawada section of National Highway 65. In a letter to Union Minister for Road Transport and Highways, Nitin Gadkari, he sought the assistance to […]
‘Gannavaram airport has nothing to do with actors’ claims’
By Sharon Thambala GANNAVARAM: The Gannavaram Airports Authority of India (AAI) airport has nothing to do with the claims being made by veteran Telugu film industry personalities Krishnam Raju and Chalasani Ashwini Dutt, and the airport has already started construction on the land pooled and transferred to it by the state government, a source said. […]
Telangana to make registration of migrant workers compulsory
NEW DELHI: Drawing lessons from the Covid-19 induced lockdown, Telangana is well on course to become the first state in the country to make registration of migrant workers compulsory and eliminate the role of contractors or middlemen. The state government is working on a new policy which is expected to streamline the system to hire […]
Navneet Sehgal to head Uttar Pradesh Information Department
LUCKNOW: In a major administrative reshuffle in the state bureaucracy on Thursday night, Uttar Pradesh Chief Minister Yogi Adityanath took away the charge of information department from additional chief secretary Avanish Awasthi. Navneet Sehgal, additional chief secretary MSME, has been given charge of the Information Department. The reshuffle, sources said, was because of the poor […]