TCS to recruit 1,500 tech staff in UK
NEW DELHI: Tata Consultancy Services (TCS), has announced that it will recruit 1,500 technology employees across the UK over the next year. The announcement followed Monday’s meeting in Mumbai between visiting UK Trade Secretary Liz Truss and TCS CEO, Rajesh Gopinathan, where they discussed the company’s commitment to continue investing in the UK’s economy, innovation, […]
Amazon moves Supreme Court in Future-Reliance deal dispute
NEW DELHI: E-commerce major Amazon has moved the Supreme Court in a bid to block Future group’s Rs 24,713-crore deal with Reliance, according to sources. The development comes after a recent Delhi High Court’s ruling that stayed a previous order on status quo of the deal and ruling that statutory authorities cannot be restrained from […]
L&T Construction awarded contracts for its Transportation Infrastructure Business
NEW DELHI: The Transportation Infrastructure business of L&T Construction has secured about Rs 2,500 order to extend the mainline corridor of the Mauritius Metro by 3.4 km from Metro Express Limited (MEL), Mauritius. The project involves the construction of a fully integrated light rail based Urban Transit System from Rose Hill Interchange towards Ebene reaching […]
Projects amounting to Rs 78,910 crore grounded under AMRUT
NEW DELHI: Atal Mission for Rejuvenation and Urban Transformation (AMRUT) was launched on 25 June 2015 in 500 selected cities across the country. The Mission focuses on the development of basic urban infrastructure in the sectors of water supply; sewerage and septage management; storm water drainage; non-motorised urban transport and development of green spaces and […]
SpiceJet to start 24 new domestic flights
NEW DELHI: SpiceJet said on Thursday that it will start 24 new domestic flights in February from various cities including Ajmer, Jaisalmer, Ahmedabad and Bengaluru. The airline said it would be the only airline to start flights on the Ajmer-Mumbai route and Ahmedabad-Amritsar route. The new flights also include four new seasonal flights connecting Jaisalmer, […]
DDA unveils budget with an outlay of Rs 6,738 crore
NEW DELHI: The Delhi Development Authority (DDA) on Wednesday unveiled its annual budget with an outlay of Rs 6,738 crore, while the receipts have been projected at Rs 6,749 crore. DDA Chairman and Delhi Lieutenant Governor Anil Baijal approved the budget during a meeting held at the Vikas Sadan here. In the budget, the DDA […]
Prestige, Awfis to set up six co-working spaces with Rs 40 crore investment
NEW DELHI: Realty firm Prestige Group has tied up with co-working operator Awfis to set up six centres, comprising around 4,000 desks, in Bengaluru, Hyderabad and Chennai with an investment of about Rs 40 crore. Bengaluru-based Prestige Group and Awfis will jointly invest to set up these centres and also share revenues. These six centres, […]
SBI crosses Rs 5 trillion-mark in home loan business;plans to double its home loan portfolio to Rs 10 trillion
MUMBAI: State Bank of India (SBI) on Wednesday said it has crossed the Rs 5 trillion-mark in its home loan business. The real estate and housing business (REHBU) unit of the bank has grown five times in the last 10 years with an asset under management (AUM) of Rs 89,000 crore in 2011 to Rs […]
Cabinet approves Grant-in-aid of Rs.100 crore to Brahmaputra Valley Fertilizer
NEW DELHI: The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi accorded approval to the proposal of the Department of Fertilizers for Grant-in-aid of Rs.100 crore to Brahmaputra Valley Fertilizers Corporation Limited (BVFCL), Namrup (Assam) to sustain operations of it’s urea manufacturing units. BVFCL, Namrup is a Public Sector Undertaking formed as […]