DIPAM, NITI Aayog agree to proposal of incorporating BEML subsidiary
NEW DELHI: BEML Ltd on Saturday said DIPAM and NITI Aayog have agreed to the proposal of incorporation of a wholly-owned arm for demerger of surplus land and asset as part of BEML’s strategic disinvestment process. “Ministry of Defence…conveyed that Department of Investment and Public Asset Management (DIPAM) and NITI Aayog have concurred to the […]
Realty major DLF sale bookings up 24% at Rs 3,084 crore in FY21
NEW DELHI: Realty major DLF sold residential properties worth Rs 3,084 crore in the last fiscal year, registering a growth of 24 per cent from 2019-20, as it saw better demand for completed and new inventories despite the pandemic. The company’s sale bookings stood at Rs 2,485 crore in 2019-20, according to an investors’ presentation. […]
Mehul Choksi denied bail by Dominica High Court
NEW DELHI: The Dominica High Court has denied bail to fugitive diamantaire Mehul Choksi in the case of illegal entry into the island country after his mysterious disappearance from neighbouring Antigua and Barbuda where he is staying as a citizen since 2018, local Caribbean media reported. The high court on Friday (local time) gave the […]
EOW arrests former IL&FS chairman Ravi Parthasarathy
NEW DELHI: Former chairman of the bankrupt Infrastructure Leasing and Financial Services (IL&FS) Ravi Parthasarathy has been arrested by the Economic Offences Wing-II, here, following a complaint given by 63 Moons Technologies. “The kingpin and the mastermind of the several crore IL&FS and ITNL (IL&FS Transportation Networks Ltd) financial scam Ravi Parthasarathy has been arrested […]
Aurangabad needs international airport, convention centre: Niti Aayog CEO
NEW DELHI: Niti Aayog CEO Amitabh Kant on Saturday said for its overall growth, Maharashtra’s Aurangabad needs an international airport facility and an international convention centre, which will boost tourism and industries in the region. Kant is on a two-day visit to survey the work at Aurangabad Industrial city (AURIC), established under the Delhi Mumbai […]
India refuses to exempt mainstream media from new IT rules, asks to comply
NEW DELHI: The government of India has refused to exempt the digital news content of mainstream television channels and print media from the ambit of the the IT Rules, 2021 and asked them to take “urgent steps” to comply with the provisions of the digital media rules immediately. The rationale for bringing the websites of […]
Forex reserves cross USD 600 billion mark for first time
NEW DELHI: India’s foreign exchange reserves crossed the USD 600 billion mark for the first time after increasing by USD 6.842 billion in the week ended June 4, RBI data showed on Friday. The reserves surged to a record USD 605.008 billion in the reporting week, helped by a rise in foreign currency assets (FCA), […]