Discoms’ dues to generators rise 48% to Rs 1.27 lakh crore
NEW DELHI: The Covid-19 pandemic continues to have a wider impact on the country’s power sector in the current financial year with the acute slowdown witnessed in the first quarter period carrying on further, albeit at a lot lower levels, affecting both demand and supply and hiking the stress levels of state discoms. According to […]
Supreme Court tells Airtel, Vodafone to give TRAI details of segmented offers
NEW DELHI: The Supreme Court on Friday directed Bharti Airtel and Vodafone Idea to disclose details sought by the Telecom Regulatory Authority of India (TRAI) in connection with segmented offers. A bench headed by Chief Justice S.A. Bobde and comprising Justices A.S. Bopanna and V. Ramasubramanian said: “In the light of the above historical background, […]
Tracks blocked at 22 locations in Punjab: Railway Board Chairman
NEW DELHI: The Railways could not resume train services in Punjab on Friday as 22 of the 31 locations were still blocked by farmers. The Railways, however, said that it was ready to resume train services once the tracks are cleared. Addressing a virtual press conference here, Railway Board Chairman and CEO V.K. Yadav said, […]
Reliance Retail Ventures raised more than $6 billion since September
NEW DELHI: Public Investment Fund (PIF) Saudi Arabia has invested in Reliance Retail Ventures Limited (RRVL) at a pre-money valuation of Rs 4.59 trillion ($62.4 billion), which is 7-9 per cent higher than earlier investments in RRVL. According to a research by financial services firm Bernstein, Silver Lake’s initial $1 billion investment and the KKR […]
Linking Aadhaar to property will lead to major reduction in black money: Survey
NEW DELHI: A majority of respondents in a survey want the government to make “mandatory linking of all property ownerships with Aadhaar” and “mandatory disclosure of all assets of all ministers and government employees and their direct families” as a way forward to curb black money. The recommendation from people about disclosures applies not just […]
Amazon Web Services to invest Rs 20,761 crore in Hyderabad
NEW DELHI: Amazon Web Services (AWS) will invest Rs 20,761 crore to set up multiple data centres in Hyderabad, the Telangana government announced on Friday. Telangana’s Minister for Information Technology and Industry K.T. Rama Rao said this would be the largest foreign direct investment in the history of Telangana. AWS will set up Asia Pacific […]
Combination of factors enabled Indian Overseas Bank to post Rs 148 crore profit in Q2
NEW DELHI: A combination of increased income, boosted by profits on sale of investments, reduced interest outgo, expenses and provisions, has enabled the Indian Overseas Bank (IOB) to post a net profit of Rs 148 crore for the second quarter of the FY21, its Managing Director and CEO P.P. Sengupta said on Friday. He also […]
Problems between Nepal, India would be resolved through dialogue: PM K P Sharma Oli to Indian Army chief
By Shirish B Pradhan KATHMANDU: Problems between Nepal and India would be resolved through dialogue, Prime Minister K P Sharma Oli said on Friday during a meeting here with Indian Army chief Gen. M M Naravane who paid a courtesy call on him. Gen Naravane’s three-day visit to Nepal was largely aimed at resetting bilateral […]
Starbucks found guilty of not passing GST cut benefits to consumers
NEW DELHI: The National Anti-profiteering Authority (NAA) has found Starbucks guilty of profiteering as it did not transfer the benefits of lower GST rates to the consumers. Investigation by the Director General of Anti-Profiteering (DGAP) showed that the company profiteered a total of over Rs 1.04 crore as it did not pass on the benefits […]
Royal Enfield launches ‘Meteor 350’ starting at over Rs 1.75 lakh
NEW DELHI :Mid-size motorcycle segment major Royal Enfield on Friday launched the ‘Meteor 350’ at a starting price of Rs 175,817 (ex-showroom Chennai). According to the company, the ‘Meteor 350’ inherits its name from another Royal Enfield motorcycle of the 1950’s. “Launched at the end of 1952, the Meteor was a magnificent touring motorcycle with […]
China successfully launches 13 satellites into orbit with a single rocket
NEW DELHI: China on Friday successfully sent 13 satellites, including 10 from Argentina, into the orbit in what was stated to be the biggest launch of foreign satellites by the country that could fetch hundreds of millions of dollars to the communist nation. The satellites, including 10 commercial remote sensing satellites developed by Argentinian company […]
Tata launches special-edition SUV Harrier CAMO in India at Rs 16.50 lakh
NEW DELHI: Tata Motors on Friday launched a special edition of its flagship SUV Harrier, at a starting price of Rs 16.50 lakh (ex-Delhi showroom) amid the ongoing festive season. The Harrier CAMO edition will be available in manual transmission from XT variant onwards, and in the automatic transmission from XZ variant onwards, the automaker […]
Uttar Pradesh committed to becoming favourite investment destination globally: Yogi Adityanath
NEW DELHI: The Uttar Pradesh government is committed to promoting the state as a favourite investment destination across the globe, Chief Minister Yogi Adityanath said on Friday. “Under able guidance of Prime Minister Narendra Modiji, UP is committed to become a favourite investment destination across the globe. The Ease of Doing Business ranking and single […]
Steel maker Micky Metals holds back expansion project over high power cost
NEW DELHI: TMT bar manufacturer Micky Metals Ltd is holding back an expansion plan at its steel making plant in West Bengal’s in Birbhum district as “high power tariff” of the state-run electricity distribution company is making the project “unviable”, an official said on Friday. The power cost in areas under the West Bengal State […]
M M Kutty appointed chairman of commission on Delhi air quality management
NEW DELHI: Former Chief Secretary of Delhi M M Kutty was on Thursday appointed chairperson of the Commission for Air Quality Management in National Capital Region and Adjoining Areas, according to a Personnel Ministry order. Besides him, Professor Mukesh Khare, Indian Institute of Technology (IIT), Delhi and Ramesh K J, Ex-Director General, India Meteorological Department […]
Direct-to-home company Dish TV posts Rs 64.5 crore net profit for September quarter
NEW DELHI: Direct-to-home company DishTV India Ltd on Thursday reported a consolidated net profit of Rs 64.51 crore for the second quarter ended September 30. The company had reported a net loss of Rs 96.37 crore in the July-September quarter a year ago, Dish TV said in a BSE filing. Its revenue from operations during […]