Bajaj Auto reports sale of 3,69,448 units in March
NEW DELHI: Bajaj Auto on Friday said its total sales stood at 3,69,448 units in March.The Pune-based company had dispatched 2,42,575 units in March 2020, amid COVID-19 led disruptions. The company’s total domestic sales last month stood at 1,98,551 units while the same was at 1,16,541 units in the year-ago period, Bajaj Auto said in […]
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 […]
Egypt may seek $1 billion in compensation for Suez Canal crisis
Egypt said it may seek around $1 billion in compensation after a giant container vessel blocked the Suez Canal for almost a week and roiled shipping markets. The figure is a rough estimate of losses linked to transit fees, damages incurred during the dredging and salvage efforts, the cost of the equipment, and labor, Suez […]
Amit Chadha takes charge as CEO & MD of L&T Technology Services
NEW DELHI: Amit Chadha has taken over as CEO & Managing Director of L&T Technology Services, effective April 1, in line with previous disclosures made to stock exchanges dated October 19, 2020. Prior to his elevation, he was serving the company as Deputy CEO & Whole-Time Board Member. Amit joined LTTS in 2009 and has […]
DTC inks agreement with IGL for the supply of CNG
NEW DELHI: The Delhi Transport Corporation (DTC) on Wednesday signed an agreement with Indraprastha Gas Limited (IGL) for the supply of CNG to DTC buses and also to private vehicles in the national capital, government officials said. The agreement signed by Vijay Kumar Bidhuri, Managing Director of DTC, and A K Jana, Managing Director of […]
SpiceJet ties up with Avenue Capital for sales & lease-back of up to 50 new aircraft
NEW DELHI: Budget carrier SpiceJet on Wednesday said it has signed an initial pact with New York-based global investment firm Avenue Capital Group for financing, acquisition and sales & lease-back of up to 50 new aircraft to be ordered by the airline. The memorandum of understanding, signed between the two partners, sets out the next […]
China’s liquor company starts beer production in Balochistan; to cater to Chinese workers in Pakistan
By Sajjad Hussia ISLAMABAD: A Chinese liquor company which was granted a licence in 2018 for making beer has formally started production at its plant in Pakistan’s Balochistan province, the first such alcohol firm from China to establish its unit in the Islamic nation, according to media reports on Wednesday. Hui Coastal Brewery and Distillery […]
Volkswagen starts bookings for SUV T-Roc in India priced at Rs 21.35 lakh
NEW DELHI: German auto major Volkswagen on Wednesday commenced bookings for the second batch of its SUV T-Roc in India priced at Rs 21.35 lakh (ex-showroom) as part of its plans to launch four SUVs in the country this year. Volkswagen Passenger Cars India said customer deliveries of the T-Roc will start from May 2021. […]
Maruti Suzuki partners Karnataka Bank for vehicle financing solutions
NEW DELHI: India’s largest carmaker Maruti Suzuki India on Wednesday said it has partnered with Karnataka Bank to offer vehicle financing options for potential car buyers. The company said it has signed a Memorandum of Understanding (MoU) with the Mangaluru-headquartered private sector lender. Customers can avail the benefits across 858 branches of Karnataka Bank at […]
Andhra Pradesh government seeking new partner for steel plant
AMARAVATI: Andhra Pradesh government is scouting for a new joint venture partner to take forward the proposed steel plant in Kadapa district of the state as the UK-based Liberty Steel, supposed to be the partner, was now, according to the government, bankrupt. After one of the major lenders of the UK company went bankrupt, the […]
Farmers to march on foot to Parliament in May: SKM
NEW DELHI: The Samyukt Kisan Morcha (SKM) on Wednesday announced a slew of plans for upcoming two months to strengthen the ongoing agitation against the new farm laws, including a proposed march to Parliament on foot in May. “The Sanyukt Kisan Morcha met yesterday, and decided that the farmers will be undertaking a march to […]