Gorakhpur most favoured industrial destination after Noida
LUCKNOW:Gorakhpur is now emerging as the most favoured destination in Uttar Pradesh for industrialists after Noida. Gorakhpur, which is the home of Chief Minister Yogi Adityanath, has seen 259 small and big industrialists of the country acquiring land from Gorakhpur Industrial Development Authority (GIDA) to set up their factories in the district. According to the […]
Kisan Sansad: Farmers plan to carry on protest till August 13
NEW DELHI: Protesting farmer leaders said on Thursday that they intend to continue with the ‘Kisan Sansad’ at Jantar Mantar in the heart of the national capital till August 13, the day the ongoing Monsoon Session of the Parliament comes to an end. On Wednesday, Delhi Lieutenant Governor Anil Baijal had given permission to the […]
CCI accuses Amazon of concealing facts in deal for Future Group unit
By Aditya Kalra NEW DELHI: India’s antitrust regulator has accused Amazon.com Inc of concealing facts and making false submissions when it sought approval for a 2019 investment in a Future Group unit, a letter to the U.S. e-commerce giant seen by Reuters showed. The letter complicates Amazon’s bitter legal battle with Future Group over the […]
Byju’s acquires Epic for USD 500 million
NEW DELHI: Edtech major Byju’s on Wednesday said it has acquired Epic, a digital reading platform for kids, for USD 500 million (about Rs 3,729.8 crore). The company will invest an additional USD 1 billion in North America to accelerate its vision of “helping students fall in love with learning”, a statement said. The acquisition […]
Bajaj Finserv Q1 consolidated net profit declines 31% to Rs 833 crore
NEW DELHI: Bajaj Finserv Ltd on Wednesday reported an over 31 per cent decline in consolidated net profit at Rs 833 crore for the first quarter ended June 2021. The company had reported a net profit of Rs 1,215 crore in the same quarter of the preceding fiscal. The consolidated total income also fell to […]
AAI committees find Adani group in violation of branding, logo pacts
NEW DELHI: Three committees of the Centre-run Airports Authority of India (AAI) in January found the Adani group to be in violation of branding norms, prescribed in the concession agreements, at the airports in Ahmedabad, Mangaluru and Lucknow that the conglomerate took over last year. Consequently, the Adani group companies — which are operating these […]
US based Colliers appoints Ramesh Nair as CEO for India business
NEW DELHI: US-based property consultant Colliers on Wednesday announced the appointment of Ramesh Nair as the Chief Executive Officer (CEO) for India business, as part of its strategy to accelerate growth in the country. Nair, an industry veteran, will also be the Managing Director, Market Development for Asia, Colliers said in a statement. In January […]
India:Nearly 12,900 companies struck off in 2020-21
NEW DELHI: As many as 12,889 companies were struck off from official records in the financial year ended March 2021 and 87 companies dissolved during the same period, according to official data. As per the data provided by the corporate affairs ministry to Rajya Sabha on Tuesday, a total of 2,38,223 companies were struck off […]
Over $157 billion deployed in last 15 months to fight Covid-19 pandemic: World Bank
NEW DELHI: In its largest-ever crisis response, the World Bank has deployed over USD 157 billion to fight the impact of the COVID-19 pandemic on health, economic and social fronts over the last 15 months. This represents an increase of more than 60 per cent over the 15-month period prior to the pandemic, the bank […]
Ericsson signs $8.3 billion 5G deal with Verizon
NEW DELHI:Ericsson said that it has signed $8.3 billion agreement with Verizon to provide its industry-leading 5G solutions to accelerate the deployment of Verizon’s world-class next-generation 5G network in the U.S. Niklas Heuveldop, President and Head of Ericsson North America, says: “This is a significant strategic partnership for both companies and what we’re most excited […]
Opposition should ask difficult, stinging questions but should also give opportunity to reply in peaceful environment: Narendra Modi
NEW DELHI: Prime Minister Narendra Modi on Monday siad that I hope all of you have been vaccinated at least once. But even then, I pray to all of you and my colleagues in the House to cooperate in following the Corona protocols. Vaccine is given in ‘baahu’ (arms), and those who take it become ‘Baahubali’. […]
L&T construction arm bags significant orders in overseas, domestic market
NEW DELHI: Infrastructure company Larsen & Toubro (L&T) on Monday said its construction arm has received orders in India and abroad for its various businesses. But The company did not provide the value of the contracts as orders fall under the ‘significant’ category, which ranges between Rs 1,000 crore and Rs 2,500 crore, according to […]
Modi government to take up 31 Bills during Monsoon session beginning Monday
NEW DELHI: As many as 31 Bills, including two related to finance, six on Ordinances are likely to be taken up by the Narendra Modi government (Centre) during the Monsoon Session of Parliament that will commence from Monday while the Opposition has demanded discussions on a host of issues including the Covid-19 situation and threat […]
Bajaj Auto begins booking for electric scooter Chetak in Nagpur
NEW DELHI: Bajaj Auto on Saturday said it has commenced bookings for its electric scooter Chetak in Nagpur from July 16. With the aim of providing a seamless and convenient booking experience, customers can book the vehicle exclusively online on www.chetak.com for Rs 2,000, the company said in a statement. Earlier, the booking slots available […]
Ola says it got 100,000 bookings for electric scooter within 24 hours
NEW DELHI: Ola Electric on Saturday said it has received around 1 lakh bookings for its upcoming scooter within the first 24 hours of initiating the process. The company had opened booking for its electric scooter in the evening of July 15. “I am thrilled by the tremendous response from customers across India for our […]
Zurich airport signs agreement with NIAL for development of Noida airport
NEW DELHI: The Zurich Airport International on Saturday signed a shareholder agreement with the Uttar Pradesh government’s entity NIAL in Lucknow for the development of the Noida International Airport, a statement said. Arun Vir Singh, CEO, Noida International Airport Limited (NIAL), and Christoph Schnellmann, CEO, Yamuna International Airport Pvt Ltd (YIAPL), signed the agreement in […]