Bihar lacking basic infrastructures to attract investors
NEW DELHI: Despite the NDA government claiming significant development in the state, the Bihar Chamber of Commerce (BCC) feels the eastern state lacks basic infrastructure to attract investors. Speaking to IANS, Amit Mukherjee, Secretary General of BCC, said: “The overall industrial environment is not impressive in Bihar. Developing industrial corridors requires wide roads not less […]
By Nikhila Natarajan NEW YORK: Pfizer and its German partner BioNTech released a second batch of interim results on Wednesday, saying their two-dose coronavirus vaccine candidate is 95 per cent effective and also protects the most vulnerable people in older age groups from the risk of falling prey to the virus. The company said that […]
2 lakh private school students in Aandhra Pradesh shift to government schools
AMARAVATI: More than 2 lakh students have left private schools in Andhra Pradesh to join government schools in 2020, propelled by the myriad schemes introduced to encourage public education. “A total of 42.46 lakh students have enrolled themselves in government and government aided schools this year, which is 2.68 lakh more than the enrolment figure […]
Vedanta submits preliminary EoI for BPCL, terms bid as ‘exploratory’
NEW DELHI: Anil Agarwal-led Vedanta has said that it has submitted an expression of interest (EoI) for the privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) and termed the bid as “exploratory” in nature. Vedanta is among the three to four companies which have submitted bids for the state-run oil major. “Vedanta’s EoI for BPCL is to […]
JSW Infrastructure acquires Chettinad Group’s port business
NEW DELHI: JSW Infrastructure, part of the US$ 12 billion JSW Group on Wednesday said it has completed the acquisition of Chettinad Group’s port business. JSW Infrastructure is investing more than Rs 1,000 crore to acquire as well as modernise these port assets which has a combined cargo handling capacity of 17 million tonne per […]
West Bengal to introduce single-window system for allotting industrial land
By Soudhriti Bhabani KOLKATA: As the Mamata Banerjee-led West Bengal government gears up for the high-voltage Assembly polls in 2021, the state government has decided to introduce a single-window system to allot land for industries across various districts. The single-window system for land allotment will facilitate all big, small and medium-scale industries to set up […]
Denmark’s Danfoss to invest Rs 70-Rs 100 crore in Tamil Nadu plant
NEW DELHI: Danish company Danfoss A/S has decided to expand its Indian plant near here with an investment of Rs 70-Rs 100 crore to manufacture low voltage drives, a top company official said. He said that Danfoss, which is worth 5.8 billion euros, has started supplying power module solutions for an Indian automotive manufacturer. “India […]
Traders’ body opposes Arvind Kejriwal’s move to close Delhi markets
By Mohammad Suaib Khan NEW DELHI: The Confederation of All India Traders (CAIT) has slammed Delhi Chief Minister Arvind Kejriwal for not consulting the traders of the national Capital before sending a proposal seeking permission from the Centre to close markets here in a bid to curb the sudden surge in Covid-19 cases since last […]
Apparel exports request Narendra Modi government for pre-FTA deal with UK
NEW DELHI: Apparel Export Promotion Council (AEPC) Chairman A. Sakthivel, has urged the Narendra Modi government to strike a pre-FTA preferential trade deal to remove the tariff disadvantage faced by Indian apparels in the UK. In a letter to Commerce and Industry Minister Piyush Goyal, the APEC Chairman wrote: “It has been learnt that after […]
Jammu and Kashmir dedicates land bank for industries
NEW DELHI: The Jammu and Kashmir Department of Industries has dedicated land bank for new industries and existing industries planning expansion, officials said on Tuesday. An official statement said the Industrial Policy 2016 envisaged creation of land bank of 20,000 Kanals over a period of ten years across J&K, with emphasis on locations outside urban […]
L&T gets largest-ever order for construction and mining equipment
NEW DELHI: The construction and mining equipment business of infrastructure major Larsen & Toubro (L&T) has secured one of its biggest ever order for supplying 46 units of Komatsu Mining Equipment to Tata Steel. The order comprises 41 units of Komatsu HD785-7 (100 ton dump truck), three units of Komatsu WA900-3E0 (nine cum wheel loader) […]
20 lakh Lakshmi Vilas Bank depositors have no need to panic: Administrator
CHENNAI: Assuring about 20 lakh depositors of the Lakshmi Vilas Bank (LVB) now under moratorium that there is no need to panic and all glitches in withdrawal of deposits – subject to a maximum of Rs 25,000 – will be sorted out, the RBI appointed Administrator T.N. Manoharan on Wednesday said ATM machines will start […]
Sumitomo Mitsui Banking infuses $600 million capital, opens branch in Chennai
NEW DELHI: Japanese multinational bank Sumitomo Mitsui Banking Corporation on Wednesday said it will infuse fresh capital of $600 million in its Indian operations in 2020 and also announced the opening of a branch here. In a statement issued here, it said that the Chennai branch will be its third foothold in India after its […]
Punjab modifies telecom policy
NEW DELHI: With a view to create robust telecommunication infrastructure with adequate bandwidth to promote information technology, e-governance and e-commerce, the Punjab Cabinet on Wednesday approved a set of new guidelines under a single-window policy to replace the existing norms, but with strict directives by Chief Minister Amarinder Singh to ensure timely restoration of roads […]
Andhra Pradesh credits Rs 510 crore to farmers as part of zero interest scheme
AMARAVATI: Andhra Pradesh Chief Minister Y. S. Jagan Mohan Reddy credited Rs 510 crore into the unencumbered bank accounts of 14.5 lakh eligible farmers as part of ‘YSR Sunna Vaddi Panta Runalu’ (zero interest crop loans scheme) on Tuesday. The move is aimed at reducing input cost and thereby decreasing the financial burden of farmers. […]
BRICS unveils new counter-terrorism strategy
NEW DELHI: Five-nation grouping BRICS on Tuesday unveiled a counter-terrorism strategy to strengthen bilateral and multilateral cooperation among the member countries for effectively combating the threat through a range of measures including choking financial channels of terror networks. The new strategy was adopted at the bloc’s annual summit which was held in the virtual format. […]