India launches PLI scheme to become hub of global telecom manufacturing
NEW DELHI: The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved Production Linked Incentive (PLI) Scheme for Telecom and Networking Products with a budgetary outlay of Rs. 12,195 crore. The Production Linked Incentive (PLI) Scheme intends to promote manufacture of Telecom and Networking Products in India and proposes a financial incentive to […]
Narendra Modi dedicates to nation, lays foundation stone of key projects of oil and gas sector in Tamil Nadu
NEW DELHI: The Prime Minister Narendra Modi dedicated to the nation and laid the foundation of key projects of the oil and gas sector in Tamil Nadu today via video conferencing. Prime Minister dedicated to the nation the Ramanathapuram – Thoothukudi natural gas pipeline and Gasoline Desulphurisation Unit at Chennai Petroleum Corporation Limited, Manali. He […]
Narendra Modi addresses NASSCOM Technology and Leadership Forum
NEW DELHI: The Prime Minister Narendra Modi addressed the NASSCOM Technology and Leadership Forum (NTLF) today via video conferencing. Speaking on the occasion, the Prime Minister lauded the IT industry for their resilience during the Corona period. “When the chips were down, your code kept things running” said the Prime Minister. He noted 2 percent […]
Kalpataru to invest Rs 300 crore on new housing project in Mumbai
NEW DELHI: Real estate firm Kalpataru Ltd will invest Rs 300 crore to develop a housing project in Mumbai as part of its plan to expand the business and tap rising demand for residential properties. The 2.4-acre project ”Kalpataru Park Riviera” at Panvel comprises over 400 apartment units. In the first phase, the company has […]
DHFL posts consolidated net loss of Rs 13,095 crore in Q3 FY21
NEW DELHI: Dewan Housing Finance Corporation (DHFL) on Saturday posted a consolidated net loss of Rs 13,095.38 crore in the third quarter ended December 2020 against a net profit of Rs 934.31 crore in the year ago quarter. Sequentially, the company witnessed widening of net loss from Rs 2,122.65 crore in the second quarter ended […]
ED arrests businessman in PMLA case against Omkar Realtors
MUMBAI: The Enforcement Directorate (ED) has arrested a businessman in connection with a money laundering case against city-based realty group Omkar Realtors and Developers, official sources said on Monday. They said Sachin Joshi was arrested under various sections of the Prevention of Money Laundering Act (PMLA) on Sunday after he was questioned here in connection […]
Ascendas India Trust to acquire IT-SEZ building in Hyderabad for Rs 506 crore
NEW DELHI: Ascendas India Trust on Tuesday said it will acquire an IT-SEZ building in Hyderabad from Phoenix group for Rs 506 crore. Ascendas Property Fund Trustee, in its capacity as Trustee-Manager of Ascendas India Trust, has entered into definitive agreements for the proposed acquisition of aVance 6 at HITEC City, Hyderabad. “The agreements were […]