IRCTC partners with KTDC to promote domestic tourism
NEW DELHI: The Indian Railway Catering and Tourism Corporation limited(IRCTC) has joined hands with Kerala Tourism Corporation Ltd (KTDC), which operates hotels and restaurants across the southern state and other places, to promote domestic tourism. IRCTC in a statement said that it has launched a bouquet of tour package with KTDC within Kerala starting from […]
Finance Minister announces new employment scheme with EPFO support for 2 years
NEW DELHI: India’s Finance Minister Nirmala Sitharaman on Thursday announced ‘Atmanirbhar Bharat Rozgar Yojana’ to incentivise creation of new employment opportunities during the Covid-recovery phase. The employment scheme effective from October 1 will be applicable to eligible new employees joining the EPFO-registered establishments and for those who exited these concerns during the COVID pandemic (March […]
Reliance Industries to invest up to $50 million in Breakthrough Energy
NEW DELHI:Reliance Industries Limited (RIL) announced on Thursday that it has entered into a definitive agreement for making capital contribution of up to $50 million in Breakthrough Energy Ventures II, L.P. (BEV), a limited partnership, newly incorporated under the Delaware State Laws, the US. The capital contribution commitment of $50 million constitutes 5.75 per cent […]
Finance Ministry approves MEIS allocation of Rs 39K crore for FY20
NEW DELHI: The Finance Ministry has approved the allocation of Rs 39,097 crore under the Merchandise Exports from India Scheme (MEIS) for the exports made during FY 2019-20. In an office memorandum, the Central Board of Indirect Taxes and Customs (CBIC), which comes under the Ministry’s Department of Revenue, said that the MEIS allocation of […]
Arvind Fashions appoints Shailesh Chaturvedi as CEO
NEW DELHI: Arvind Fashions Ltd on Thursday said it has appointed Shailesh Chaturvedi as the Managing Director and Chief Executive Officer of the company with effect from February 1, 2021. Chaturvedi, previously the Managing Director (MD) and CEO, PVH -Arvind brands — a joint venture that houses eminent brands Tommy Hilfiger and Calvin Klein — […]
SpiceJet to operate flights between Delhi-Ras Al Khaimah
NEW DELHI: Airline major SpiceJet will commence flight operations between New Delhi and Ras Al Khaimah, the fourth-largest emirate of the UAE from November 26. The station will become the airline’s 12th international destination. It will operate flights between Delhi and Ras Al Khaimah twice a week. Besides, the airline also announced the launch of […]
Groundwater levels go up in all 8 Marathwada districts
AURNAGABAD: Though farmers in Marathwada are facing crop losses due to excess rainfall this year, the above average downpour had one positive fallout – rise in groundwater levels in the drought-prone central Maharashtra region. The region, where excess rainfall has replenished groundwater levels, consists of eight districts. Aurangabad district has seen the highest increase of […]
Arunachal Pradesh to resettle 190 tribal families, acquire land to set up Greenfield airport
NEW DELHI: The Arunachal Pradesh government is resettling around 190 displaced Chakma tribal families elsewhere and to acquire some land from neighbouring Assam to develop a Greenfield airport at Hollongi for which the Airports Authority of India (AAI) has undertaken a Rs 650 crore project, officials said on Friday. Chief Minister Pema Khandu visited the under […]
PVR Cinemas reopen its theatres in Maharashtra
NEW DELHI: PVR Cinemas reopened the doors of its cinema halls for the general public in Maharashtra from Thursday amid stringent precautionary measures. The Maharashtra government had on November 5 allowed cinema halls, multiplexes and drama theatres outside containment zones to restart operation with 50 per cent seating capacity and a host of dos and […]
Narendra Modi government working on short, medium-term measures to control price rise
NEW DELHI: India’s Finance Minister Nirmala Sitharaman on Thursday said perishable goods are putting upward pressure on inflation and the Narendra Modi government is working on both short and medium-term measures for controlling price rise. The wholesale price index (WPI) based inflation rose to a seven-month high of 1.32 per cent in September, while retail […]
India announces Rs 900 crore grant for coronavirus vaccine research
NEW DELHI: India’s Finance Minister Nirmala Sitharman on Thursday announced a Rs 900 crore grant to the Department of Biotechnology for COVID-19 vaccine research. She said the grant does not cover the actual cost of vaccine and distribution expenses, which will be made separately as and when the vaccine is available. She also said that […]
India announces Rs 18,000 crore additional outlay for urban housing scheme
NEW DELHI: India’s Finance Minister Nirmala Sitharaman on Thursday announced a Rs 18,000 crore additonal outlay for the urban housing scheme to help complete real estate projects that would create jobs and boost the economy. She said the Rs 18,000 crore would be provided over and above the Budget Estimates for 2020-21 for the Prime […]
India announces Rs 65,000-crore fertiliser subsidy for farmers
NEW DELHI: India’s Finance Minister Nirmala Sitharaman on Thursday announced a Rs 65,000-crore fertilizer subsidy for farmers as part of her stimulus package to boost the economy. She said Rs 65,000 crore is being provided to ensure adequate availability of fertilisers to farmers and to enable timely accessibility of fertilisers in the upcoming crop season. […]
Power Finance Corporation net profit up 72% to Rs 4,290 crore in September quarter
NEW DELHI: State-run Power Finance Corporation (PFC) on Thursday reported a 72 per cent jump in its consolidated net profit at Rs 4,290 crore in the July-September quarter on account of higher revenues. Its net profit was Rs 2,497 crore in the quarter ended September 30, 2019, a BSE filing said. Total income of the […]
Natco Pharma Q2 net profit rises 73% to Rs 204 crore on robust sales
NEW DELHI: Drug firm Natco Pharma on Thursday reported a 73.23 per cent increase in its consolidated net profit to Rs 203.9 crore for the quarter ended September mainly on account of robust sales. The company had posted a net profit of Rs 117.7 crore for the corresponding period of the previous fiscal, Natco Pharma […]
Grasim Industries Q2 net profit increased 3.30% at Rs 1,521.40 crore
NEW DELHI: Aditya Birla Group firm Grasim Industries Ltd on Thursday reported a 3.30 per cent increase in consolidated net profit at Rs 1,521.40 crore for the second quarter ended September 2020. The company had posted a net profit of Rs 1,472.77 crore during the July-September quarter of the previous fiscal,GrasimIndustries said in a regulatory […]