Day: February 14, 2021

Labour Ministry finalises rules under 4 codes, reform to be a reality soon

NEW DELHI: The Ministry of Labour and Employment has finalised rules under the four labour codes paving the way for making reforms a reality by notifying those for implementation soon. The four broad codes on wages, industrial relations, social security and occupational safety, health & working conditions (OSH) have already been notified after getting the […]

Market capitalisation of seven of top-10 most valuable firms jump over Rs 1.40 lakh crore

NEW DELHI: Seven of the top-10 most valuable companies together added Rs 1,40,430.45 crore in market capitalisation last week, in line with a bullish broader market trend with Reliance Industries emerging as the biggest gainer. During the week, the BSE benchmark surged 812.67 points or 1.60 per cent. The companies that witnessed gain in their […]

All steel to be allowed to be used for Highway construction

NEW DELHI: The Ministry of Road Transport and Highways has issued orders that all steel – whether produced from ore, billets, pellets or melting of scrap – would be allowed to be used for National Highway construction, as long as it meets the standards required for specific grades of steel. The steel proposed to be […]

Narendra Modi inaugurates and lays foundation stones of key projects in Tamil Nadu

NEW DELHI: The Prime Minister Narendra Modi inaugurated and laid the foundation stones for several key projects and handed over the Arjun Main Battle Tank (MK-1A) to the Army, at Chennai today. Speaking in the occasion, the Prime Minister said “these projects are symbols ofInnovation and Indigenous development. These projects will further the growth of […]

Tesla to set up electric car manufacturing unit in Karnataka

BANGALURU: Billionaire Elon Musk’s Tesla Inc will set up an electric-car manufacturing unit in the southern Indian state of Karnataka, according to a government document seen by Reuters on Saturday. “The U.S. firm Tesla will be opening an electric car manufacturing unit in Karnataka,” the state government said in a brief statement. The statement was […]

Finance Bill proposes amendments for enabling FPIs to subscribe to listed debt of REITs

NEW DELHI: The finance ministry on Thursday said the Finance Bill has proposed amendments permitting foreign portfolio investors (FPIs) an entry into debt financing of emerging investment vehicles REITs and InvITs. In the Union Budget for 2021-22, Finance Minister Nirmala Sitharaman proposed to permit FPIs to invest in listed debt securities issued by REITs and […]

Karnataka Chief Minister directs banks to speed up loan approval under PMAY scheme

BENGALURU: Karnataka Chief Minister B S Yediyurappa on Thursday directed the banks not to delay disbursement of loans to eligible beneficiaries under central schemes such as Pradhan Mantri Awas Yojana (PMAY) and Pradhan Mantri Swanidhi Yojana (PMSY). Reviewing the progress of the schemes with bankers and officials at a meeting in Vidhana Soudha here, the […]

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