Naveen Patnaik writes to Narendra Modi, urges him to set up airport in Puri
NEW DELHI: Odisha Chief Minister Naveen Patnaik on Friday wrote to Prime Minister Narendra Modi, requesting him to set up an airport in Puri for promotion of tourism in the state. The state government has identified land for the proposed Sri Jagannath International Airport in the coastal town, he said. Patnaik said the Rath Yatra […]
Ford, Mahindra to scrap previously announced automotive joint venture
NEW DELHI:US auto major Ford Motor Co on Friday said it and India’s Mahindra & Mahindra have decided to scrap their previously announced automotive joint venture and it will continue its independent operations in India as it is. The two companies determined that they will not complete a previously announced automotive joint venture between their […]
Reliance Infrastructure completes sale of Delhi-Agra toll road to Cube Highways for Rs 3,600 crore
NEW DELHI: Reliance Infra on Friday announced completion of sale of its Delhi-Agra (DA) toll road to Cube Highways and Infrastructure for Rs 3,600 crore. In a regulatory filing, Reliance Infrastructure Ltd said it has completed the sale of its 100 per cent stake in DA Toll Road to Cube Highways and Infrastructure III Pte […]
GST collections at all-time high of over Rs 1.15 lakh crore in December
NEW DELHI: GST collections touched a record high of over Rs 1.15 lakh crore in December, reflecting festive demand and reflating economy. The gross GST revenue collected in the month of December 2020 is Rs 1,15,174 crore and is the highest since the introduction of Goods and Services Tax from July 1, 2017, the Finance […]
Noida 2020: Biggest airport, film city and new police system
By Kishor Dwivedi NOIDA: Development work on India’s biggest airport and a new film city made sure Gautam Buddh Nagar district in Uttar Pradesh stayed in the limelight in a year headlined by a pandemic and lockdown. Chief Minister Yogi Adityanath, in his multiple visits to the district in 2020, dubbed Noida and Greater Noida […]
Markets begin 2021 with a bang; Nifty closes above 14k
NEW DELHI: The BSE Sensex surged to record highs while the NSE Nifty closed above the 14,000-mark for the first time on Friday as markets continued their record run in the new year amid robust buying in IT, auto and FMCG stocks. Extending its record-setting streak for the fifth day, the 30-share BSE Sensex rose […]
India allows import/export of COVID-19 vaccine without any value limitation
NEW DELHI: The government of India has allowed import and export of COVID-19 vaccines without any value limitation, in order to ensure speedy clearance and distribution. The Central Board of Indirect Taxes and Customs (CBIC) has amended the regulations to facilitate the import/export of COVID-19 vaccines through courier, at locations where the Express Cargo Clearance […]
Modi government directs ED, RBI to act against Amazon, Flipkart for violation of FDI, FEMA
NEW DELHI: The Narendra Modi government (Centre) has taken strong cognizance of various complaints made by the Confederation of All India Traders (CAIT) for blatant violation of FDI Policy and Foreign Exchange Management Act, 1999 (FEMA) by these companies. CAIT National President B.C. Bhartia and Secretary General Praveen Khandelwal informed that on several complaints made […]
Tata Trusts must introspect on more scrutiny by government bodies: Cyrus Mistry
NEW DELHI: SP Group chief Cyrus Mistry on Thursday said that instead of seeking to blame him at every turn, the Trustees of the Tata Trusts must introspect why they have deviated, leading to a greater scrutiny on their operations by the various government bodies. “We note that the Income Tax Appellate Tribunal has issued […]
63 Moons moves NCLT seeking to ensure recovery from DHFL benefit creditors
NEW DELHI: 63 Moons Technologies, formerly Financial Technologies, on Thursday said it has moved the National Company Law Tribunal (NCLT) seeking to ensure that recovery from DHFL benefit all creditors, including NCD-holders. The company holds over Rs 200 crore of NCD (non-convertible debentures) of the crippled mortgage player. “We have filed an application with the […]
India’s YoY FDI inflow rises over 11% in April-October to $46.8 billion
NEW DELHI: Foreign direct investments (FDI) into India have increased by over 11 per cent during the ongoing fiscal on a year-on-year basis, showed data from the Department for Promotion of Industry & Internal Trade (DPIIT). Total FDI worth $46.82 billion came in during April-October this fiscal, compared to $42.06 billion of inflow during the […]
BHEL bags order from Nuclear Power Corp
NEW DELHI: State-owned engineering firm BHEL on Wednesday said it has won an order from the Nuclear Power Corporation of India Ltd (NPCIL). It has bagged the order for supply of 32 Reactor Header Assemblies to NPCIL, a company statement said. The order has been won under NPCIL’s Fleet Mode Procurement for India’s highest rated […]
Auld lang syne: New Year brings final UK-EU Brexit split
By JILL LAWLESS LONDON: Like a separated couple still living together, Britain and the European Union spent 2020 wrangling and wondering whether they can remain friends. On Thursday, the U.K. is finally moving out. At 11 p.m. London time — midnight at EU headquarters in Brussels — Britain will economically and practically leave the 27-nation […]
China’s Zhong Shanshan replaces Mukesh Ambani as Asia’s richest
NEW DELHI: Zhong Shanshan, founder of bottled water company Nongfu Spring has overtaken Reliance Industries Chairman Mukesh Ambani as the richest person in Asia, with a net worth of $77.8 billion. The Bloomberg Billionaires Index showed that Zhong’s net worth has surged $70.9 billion making him the richest man in Asian above both Mukesh Ambani […]