Day: January 1, 2021

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]

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