HAL signs Rs 5375 crores deal with GE Aviation
NEW DELHI: Hindustan Aeronautics Limited (HAL) has placed an order of for USD 716 million (Rs 5375 crores) for 99 F404-GE-IN20 engines and support services with GE Aviation, USA to power the Tejas Light Combat Aircraft. The contract was signed here today at HAL Corporate Office. “This is largest ever deal and the purchase order […]
Jammu and Kashmir expecting investment proposals worth Rs 50,000 crore
SRINAGAR: Jammu and Kashmir is expecting investment proposals worth Rs 50,000 core which have the capacity to provide employment opportunities to 10 lakh persons, Lieutenant Governor Manoj Sinha said here on Sunday. “So far, proposals worth Rs 23,500 crores have been received. Investment proposals of Rs 35,000 crore by December 2021 and Rs 50,000 crore […]
Over 50 lakh new investor registrations came into equity fold since April 2021: NSE’s Vikram Limaye
NEW DELHI: Leading stock exchange NSE, which helped transform country’s deep-rooted savings tradition into equity culture, has witnessed over 50 lakh new investor registrations in the current fiscal, its chief Vikram Limaye said on Sunday. This is equal to 62.5 per cent of the total number of new investor registrations, at around 80 lakh, that […]
IRB Infra achieves full commercial operation date for six-laning highway project in Rajasthan
NEW DELHI: IRB Infrastructure Developers SPV CG Tollway Ltd on Sunday said it has achieved full commercial operation date (COD) for Chittorgarh-Gulabpura six-laning highway project in Rajasthan. The National Highway Authority of India (NHAI) has issued completion certificate to IRB Infrastructure Developers Ltd. On receipt of this, the company has now become eligible for collecting […]
Eros Group to invest Rs. 200 crore in Greater Noida
NEW DELHI: The real estate developer EROS Group said that it has launched 6 more towers (2BHK and 3BHK) at its ongoing project Sampoornam. The towers, comprising 378 units and 14000 sq. meters in area, would be completed by early 2025. The total sales value of these towers will be around Rs 200 crore. An […]
SWAMIH Fund invests Rs. 150 crore in Tridhaatu Realty’s Chembur project
NEW DELHI: Special Window for Completion of Construction of Affordable and Mid-Income Housing Projects (SWAMIH I), the government-backed last-mile financing platform has made an investment of over Rs 150 crore to complete a residential project of realty developer Tridhaatu Realty & Infra located in Chembur, Mumbai. As per the terms, SWAMIH’s investment will hold senior […]
Twitter transfers India head Manish Maheshwari to US
NEW DELHI: Twitter has transferred to the US its India head Manish Maheshwari, against whom an FIR was registered in Uttar Pradesh in connection with a probe related to a video of an alleged hate crime. While the company did not specify any reason for the change, it said Maheshwari will move to the US […]
Jio concludes spectrum trading agreement with Bharti Airtel
NEW DELHI: Reliance Jio Infocomm Ltd (RJIL) announced today that it has concluded the definitive Agreement entered with Bharti Airtel Limited for acquisition of right to use spectrum in the 800MHz band in Andhra Pradesh (2 x 3.75 MHz), Delhi (2 x 1.25 MHz) and Mumbai (2 x 2.5 MHz) circles through spectrum trading, which […]
Maharashtra sets up IT award in Rajiv Gandhi’s name
NEW DELHI: Days after former prime minister Rajiv Gandhi’s name was removed from the country’s top sports award Khel Ratna, the Maharashtra government, of which Congress is a constituent, on Tuesday set up an award in his name to felicitate information technology (IT) organizations helping society. A government order said the award commemorates the contribution […]
Rajasthan government to provide interest-free loan to street vendors
JAIPUR: The Rajasthan government has introduced a scheme to provide interest-free loan up to Rs 50,000 to street vendors, people in the age group of 18-40 years working in the service sector and unemployed of urban areas hit by Covid-19-induced financial crisis. In compliance with the budget announcement made by Chief Minister Ashok Gehlot, the […]
IT majors propose to set up units at cost of Rs 20,000 crore in Uttar Pradesh
NEW DELHI: The Yogi Adityanath Uttar Pradesh government in Uttar Pradesh would develop a data centre park spread over 200 acres of land in Sector 28 of Yamuna Expressway Industrial Development Authority (YEIDA) in Gautam Budh Nagar district. The implementation of this plan gets underway towards the end of this month. The Yogi Government believes […]
After 5G equipment, Tata Group looking to enter semiconductor manufacturing
NEW DELHI: Tata Group is looking to make a foray into semiconductor manufacturing, Chairman N Chandrasekaran said on Monday. Pegging the market opportunity of high-tech manufacturing of electronics at USD 1 trillion, Chandrasekaran said Tata Group has already set up a business to seize the opportunity. His remarks come days after the USD 100-billion group […]
Modi government could withdraw new farm laws considering upcoming Uttar Pradesh polls: BJP leader
NEW DELHI: A BJP leader has supported farmers’ agitation against the three new farm laws and said that the BJP-led Narendra Modi government (central government) could withdraw them keeping in mind Uttar Pradesh assembly polls. “The demands made by the farmers are right. Keeping in mind the assembly polls and anger among the farmers, the […]
Tata to market Odisha’s Koraput Coffee
BHUBANESWAR: Tata Coffee has decided to market the beans produced in tribal-dominated Koraput district of Odisha across the country and abroad, Chief Minister Naveen Patnaik has said. Appreciating the effort of Tribal Development Co-operative Corporation of Odisha Ltd (TDCCOL), Patnaik said that Tata Coffee will procure the produce from Koraput and market it by maintaining […]
Supreme Court refuses to entertain pleas of Amazon, Flipkart against CCI probe
NEW DELHI: The Supreme Court Monday refused to entertain pleas of e-commerce firms, Amazon and Flipkart, challenging an order permitting the Competition Commission of India (CCI) to carry out a preliminary investigation into the alleged violation of the competition law. A three-judge bench headed by Chief Justice N V Ramana said that challenging the enquiry […]
Sebi enforces amendments to empower independent directors
NEW DELHI: Capital markets regulator Sebi has overhauled the rules pertaining to the appointment, removal and remuneration of independent directors to ensure their independence and effectiveness. The development assumes significance in the backdrop of the role of independent directors coming under scrutiny for their failure in detecting and preventing corporate frauds and promoter mismanagement. The […]