UAE plans to offer citizenship to select group of foreigners in a rare move
NEW DELHI: The United Arab Emirates (UAE) on Saturday announced plans to grant some foreigners citizenship to this oil-rich nation home to Abu Dhabi and Dubai, part of efforts to stimulate its economy amid the coronavirus pandemic. The UAE previously gave citizenship to Palestinians and others who helped form the country’s government after its formation […]
UPL’s Rajnikant Devidas Shroff, Lijjat Papad founder among 6 Padma winners from Maharashtra
NEW DELHI: Six prominent personalities from Maharashtra, including two inspiring women, have been named for this year’s Padma awards, on the occasion of the country’s Republic Day. Industrialist Rajnikant Devidas Shroff, the legendary founder and Chairman-cum-Managing Director of United Phosphorus Ltd, an Indian MNC founded in 1969, has been honoured with the country’s third-highest civilian […]
Finance ministry releases instalment of Rs 6,000 crore to states to meet GST compensation shortfall
NEW DELHI: The Ministry of Finance, Department of Expenditure has released the 13th weekly instalment of Rs. 6,000 crore to the States today to meet the GST compensation shortfall. Out of this, an amount of Rs. 5,516.60 crore has been released to 23 States and an amount of Rs. 483.40 crore has been released to […]
Adani Group says being targeted through false propaganda, online campaign
NEW DELHI: Billionaire Gautam Adani’s Adani Group on Saturday said it is being targeted through false propaganda and a manufactured online campaign of malicious lies about its operations and will take actions such as filing court cases to protect its interests. Without referring to any particular allegation, the Adani Group in a statement posted on […]
India should have four capitals on a rotation basis: Mamata Banerjee
KOLKATA: West Bengal Chief Minister Mamata Banerjee on Saturday said India should have four capitals on a rotation basis and sessions of Parliament should be held in different locations in the country. She also slammed the Narendra Modi government (Centre) for its decision to observe January 23 as ‘Parakram Diwas’ to commemorate the birth anniversary […]
Vijay Mallya applies for ‘another route’ to stay in UK, says his lawyer
LONDON: Vijay Mallya, who is due to be extradited to India, has applied for “another route” to be able to stay in the UK, the embattled liquor tycoon’s barrister representing him in bankruptcy proceedings in the High Court here confirmed in the court for the first time. The 65-year-old businessman, whose legal challenge to the […]
Reliance Jio net profit rises 15.5% to Rs 3,489 crore in December quarter
NEW DELHI: Reliance Jio posted 15.5 per cent growth in net profit to Rs 3,489 crore in December-end quarter on a sequential basis. While the company saw 5.3 per cent quarter-on-quarter growth in revenue, net customer additions remained subdued for second consecutive quarter partly impacted by farmer agitations in Punjab. In the third quarter, Jio […]
Modi government-farmers talks hit roadblock; Unions threaten to intensify agitation
NEW DELHI: The Narendra Modi government’s negotiations with protesting farm unions hit a roadblock on Friday as the farmer leaders stuck to their demands for a complete repeal of three farm laws they find pro-corporate and a legal guarantee for MSP, even as the Centre asked them to reconsider its proposal for putting the Acts […]
Air taxi start-up Joby explores deal to go public
By Joshua Franklin, Anirban Sen Electric passenger aircraft developer Joby Aero Inc is exploring a deal to go public through a merger with a blank-check acquisition firm at a valuation of around $5 billion, according to people familiar with the matter. Joby has hired investment banks to solicit interest from so-called special purpose acquisition companies […]
Migsun to develop 103 acre township in Greater Noida; to invest Rs 250 crore on 1st phase
NEW DELHI: Realty firm Migsun group has formed a joint venture with another builder to develop a 103-acre township in Greater Noida and will invest around Rs 250 crore to construct the first phase of the project. Last month, Migsun had bought 37.5 acre IT SEZ project in Greater Noida from Ansal Properties & Infrastructure […]
ILC Group appoints Nihit Kumar as General Manager & Head – Marketing
NEW DELHI: An emerging leader in Delhi NCR’s real estate leader, ILC Group, has announced the appointment of Nihit Kumar as the General Manager & Head – Marketing. Backed by a full-stack experience of over 15 years in brand strategy, events, promotions, product launch and digital amplification, Nihit’s role will be aimed at implementing a […]
Emaar accuses MGF, Shravan Gupta of fraudulent transfer of land parcels
NEW DELHI: Emaar India Limited, a subsidiary of world renowned global real estate company Emaar Properties, Dubai, recently cautioned public against dealing with MGF Group, its promoter Mr. Shravan Gupta, and associates, in respect of a land parcel in Okhla, Delhi. This land was valued at nearly INR 5 billion in 2008 and may be […]
Ministry of Road Transport & Highways joins hands with Roorkee to develop indigenous and apt technologies
NEW DELHI: Minister of Road Transport & Highways, Nitin Gadkari has taken an initiative to develop indigenous and apt technologies to bring down the cost of construction and reduce the construction period of Road/ Bridge/Tunnel projects and to fulfill this objective the expertise available in the country with Research Institutes and Academia is being harnessed. […]
Google threatens to block Australians over media law
By Andrew LEESON Google threatened Friday to block Australians from using its search service unless the government changed landmark legislation to make the internet giant pay news outlets for their content. Google Australia managing director Mel Silva warned a Senate committee in Canberra that the world-first media law was “unworkable” and would undermine the functioning […]
Farmers body rejects Modi government proposal to suspend farm laws
NEW DELHI: Farmer leaders on Thursday rejected the Narendra Modi government’s offer to suspend the three farm laws for 12 to 16 months. At a full general body meeting of the Sanyukta Kisan Morcha, a complete repeal of three central farm laws and enacting a legislation for remunerative MSP for every farmer were again reiterated […]
Sensex over 50K mark as Joe Biden, Budget fuel fast recovery hopes
NEW DELHI: Positive global cues and expectations of healthy quarterly results, along with that of a supportive Union Budget FY22, powered the ascent of India’s barometer index — the S&P BSE Sensex — to cross the 50,000 mark on Thursday. However, the barometer index dipped below the psychologically important mark due to profit booking at […]