Day: April 2, 2021

Pakistan’s textile industry upset on move to not import cotton from India

KARACHI: Pakistan’s struggling textile industry has voiced its disappointment after the Imran Khan government rejected a proposal to import cotton from India, the world’s biggest producer, saying it is the need of the hour to avoid a massive slump in the country’s exports. The Cabinet headed by Prime Minister Khan on Thursday rejected the proposal […]

RBI deputy governor BP Kanungo retires after completing 1-year extension

NEW DELHI: Against expectations of getting a second extension, the senior-most deputy governor BP Kanungo retired from the Reserve Bank of India  (RBI) on completion of his one-year extension on Friday. Kanungo joined the RBI in 1982 and was in charge of currency management, external investments, operations, payment, and settlement system, among others, during the […]

Adani Enterprises bags Rs 1,169 crore highway project from NHAI in Odisha

NEW DELHI: Adani Enterprises on Friday said it has won a Rs 1,169.10 crore highway project in Odisha from the National Highways Authority of India (NHAI). The contract has been won by Adani Enterprises’ wholly-owned subsidiary Adani Road Transport Ltd (ARTL). “ARTL has received a letter of award (LOA) for …development of Six Lane Badakumari […]

Franklin Templeton Mutual Fund has no plans to exit its operations in India

NEW DELHI: Franklin Templeton Mutual Fund on Friday said its commitment to India remains ‘steadfast’ and the fund house has no plans to exit its operations in the country. This comes following media reports suggesting intervention by the fund house’s US-headquartered parent seeking the diplomatic route for a “just and fair” hearing by market regulator […]

Reliance Retail extends deadline to complete Rs 24,713 crore deal with Future Group

NEW DELHI: Reliance Retail Ventures, the retail arm of Reliance Industries, has extended the timeline for six months to complete its Rs 24,713 crore deal with Kishore Biyani-led future group to buy its retail and wholesale business. Reliance Retail Ventures Ltd (RRVL) has extended the timeline for the “Long Stop Date” from March 31, 2021 […]

National Highways construction touches record 37 km per day

NEW DELHI: Tremendous progress has been achieved in building of National Highways across the country in the last few years by the Ministry of Road Transport and Highways. The Ministry has achieved the record-breaking milestone of constructing 37 kilometres highways per day in year 2020-21, which is unprecedented. Minister for Road Transport & Highways and […]

Total grant of Rs. 60,750 crore for rural and Rs. 26,710 crore for urban local bodies released in 2020-21

NEW DELHI: The Department of Expenditure, Ministry of Finance on Wednesday released an amount of Rs. 4,608 crore to States for providing grant-in-aid to the local bodies.  The grants are both for the Rural Local Bodies (RLBs) and Urban Local Bodies (ULBs). Out of this, RLBs will get Rs. 2,660 crore and ULBs will get […]

Indian Railways use Covid-19 as an opportunity to accelerate the speed of projects

NEW DELHI: Indian Railways has logged highest ever electrification of sections covering 6,015 Route Kilometer (RKM)in single year during 2020-21. Despite COVID pandemic, It has surpassed the previous highest of 5,276 RKM achieved in 2018-19. It is a proud moment for Indian Railways for achieving target of 6000 km plus electrification project completion during tough […]

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