China to connect Tibet with high-speed bullet trains before July: Official
BEIJING: China will operate bullet trains to Tibet, close to the Indian border in Arunachal Pradesh before July this year, marking the opening of high-speed train services to all Chinese mainland provincial-level regions, a senior official has said. A 435-km rail link to the regional capital of Lhasa will run Fuxing high-speed trains powered by […]
PVR to invest Rs 150 crore to add 30-40 screens next fiscal
NEW DELHI: Multiplex major PVR plans to invest Rs 150 crore to open up to 40 screens across the country in the next fiscal. The company’s target of having 1,000 operational screens has been pushed by a year due to the outbreak of the COVID-19 pandemic to the end of fiscal 2022-23, a top company […]
India’s forex reserves increase by USD 689 million to USD 584.55 billion
NEW DELHI: India’s forex reserves increased for the second consecutive week, touching USD 584.554 billion as of February 26, up by USD 689 million, the Reserve Bank said on Friday. The overall reserves had increased by USD 169 million to USD 583.865 billion in the previous reporting week. The reserves, which have been steadily increasing […]
ArcelorMittal Nippon Steel India inks pact with Odisha to set up steel plant; Pradhan congratulates ArcelorMittal
NEW DELHI: Steelmaker ArcelorMittal Nippon Steel India (AM/NS India) on Thursday inked an agreement with the Odisha government for setting up a 12 million tonnes per annum (MTPA) greenfield integrated steel plant in Kendrapada district with an investment of Rs 50,000 crore, officials said. Chief Minister Naveen Patnaik and steel tycoon Lakshmi N Mittal were […]
PLI scheme to boost India’s manufacturing output by $520 billion in 5 years: Narendra Modi
NEW DELHI: The Prime Minister, Narendra Modi addressed a webinar on Production Linked Incentives scheme organized by Department for Promotion of Industry and International Trade and NITI Aayog through video conference. Speaking on the steps taken to boost trade and industry in this year’s Union Budget, the Prime Minister said that over the past 6-7 […]
PNB Housing Finance, Yes Bank sign strategic co-lending pact for retail home loans
NEW DELHI: PNB Housing Finance on Friday said it has tied up with Yes Bank for a strategic co-lending service that will facilitate retail home loans at competitive rates. PNB Housing and Yes Bank will synergise capabilities to provide an efficient and seamless experience to existing and new retail home loan customers, PNB Housing Finance […]
India attracted total FDI inflow of US$ 67.54 billion during April to December 2020
NEW DELHI: Foreign Direct Investment (FDI) is a major driver of economic growth and an important source of non-debt finance for the economic development of India. It has been the endeavor of the Government to put in place an enabling and investor friendly FDI policy. The intent all this while has been to make the […]
Wipro to buy Capco for $1.45 billion
NEW DELHI: IT services major Wipro on Thursday said it has signed an agreement to acquire London-headquartered Capco, a global management and technology consultancy, in a USD 1.45 billion (over Rs 10,500 crore) deal. London-headquartered Capco’s clients include many marquee names in the global financial services industry. Over the past 20 years, the company has […]
Successful trial run of double stacked dwarf container train to Jawaharlal Nehru Port
NEW DELHI: In a Railways undertook a successful trial run of double stacked dwarf container train from Mehsana (Gujarat) to Jawaharlal Nehru Port (JN Port) today on 3rd March, 2021. The train with five wagons of double stacked dwarf containers arrived at 11:30 hours and departed at 13:00 hours. The ‘dwarf’ containers provides 67% increase […]
GBP Group announces 500 plots in Mohali with investment of Rs 100 crore
CHANDIGARH: GBP Group, one of the top builders in Punjab, announced residential plots at GBP Smart City in Mohali. It spread over 23 acres, the project will have 500 plots ranging from 80 sq yard to 137 sq yards and are priced at 17,990 per sq yard. The project located at NH 205-A, near upcoming Aerocity […]
Tips to invest in ready to move in property
By Dhiraj Bora One of the first options to make if you are looking to buy a home is whether to go for a ready to move in property or a flat in under construction properties in India. The option will primarily rely on the condition and level of your finances and needs. Both property […]
Narendra Modi says USD 82 billion being invested in Indian ports
NEW DELHI: India will invest USD 82 billion in port projects by 2035, raise share of clean renewable energy source in maritime sector, develop waterways and boost tourism around lighthouses as part of port-led development, Prime Minister Narendra Modi said on Tuesday Speaking at the Maritime India Summit, he invited global investors to invest in […]
Sebi to auction Arise Bhoomi Developers’ properties on April 1
NEW DELHI: Capital markets regulator Sebi will auction properties of Arise Bhoomi Developers and its directors on April 1 for a reserve price of Rs 4.8 crore. The move is a part of Sebi’s effort to recover investors’ money. Arise Bhoomi Developers had mobilised over Rs 8 crore during 2013-14 from the public in the […]
STL appoints Chris Rice as CEO for Access Solutions Business
NEW DELHI: STL – Sterlite Technologies Ltd today announced the appointment of Christopher Rice as the Chief Executive Officer for its Access Solutions Business. Chris’s appointment reflects STL’s strong focus on driving growth and innovation in the access segment. Leveraging 25 years of experience in optical communications and system integration, STL is now expanding its […]
Piramal appoints Saurabh Mittal as CTO
NEW DELHI: Piramal Capital and Housing Finance Ltd. (PCHFL), a subsidiary of Piramal Enterprises Limited today announced the appointment of Saurabh Mittal as Chief Technology Officer (CTO) of its Retail Finance business. In this role, Saurabh will lead technology strategy towards building a world-class Tech and Artificial Intelligence (AI)-led lending business, creating a cloud-native cutting-edge […]
Spectrum auction: India receives bids amounting to Rs 77,146 crore in Day 1
NEW DELHI: India’s first auction of spectrum in five years attracted Rs 77,146 crore of bids on the opening day on Monday with Reliance Jio, Bharti Airtel, and Vodafone Idea participating in the bidding process – a response that the government said was better than expected. There were, however, no takers for spectrum in 700 […]