Day: October 10, 2021

Danfoss signs MoU with IISc Bangalore

CHENNAI: Danfoss India, a leader in heating, ventilation and air-conditioning (HVAC), has signed a memorandum of understanding with Indian Institute of Science, Bengaluru, with an aim to create a research and training centre on use of Low GWP (Global Warming Potential) refrigerants, the company said on Sunday. The Memorandum of Understanding signed for a duration […]

Work to monetise Alliance Air, 3 other Air India subsidiaries to start: DIPAM Secretary

NEW DELHI: After the historic Air India privatisation, the government will now start work on monetising its four other subsidiaries, including Alliance Air, and over Rs 14,700 crore worth non-core assets like land and building, DIPAM Secretary Tuhin Kanta Pandey said. The government on October 8 had announced that salt-to-software conglomerate Tatas have won the […]

Modi government starts process for filling posts of independent directors in PSBs, FIs

NEW DELHI: The Narendra Modi government has initiated the process of filling about 100 vacancies of independent directors in public sector banks and financial institutions to meet regulatory norms of corporate governance. There have been vacancies at the independent director level across the public sector space leading to regulatory non-compliance, sources said. As per the […]

Revenue Department report calls for breaking down circle rate categories in city

NEW DELHI: The Delhi government’s Revenue Department has prepared a report to revise circle rates of properties in the city by breaking it down down into sub categories within eight existing categories to reflect the prevailing market rates, officials said. A committee of the Revenue Department, after evaluation of circle rates of different kinds of […]

Ultratech emerges as preferred bidder for limestone block in Madhya Pradesh

NEW DELHI: Ultratech Ltd has emerged as preferred bidder for a limestone block in Madhya Pradesh.Ramstahn Ghunchihai limestone mine, which has reserves of 209.77 million tonnes, was auctioned in the current fiscal. The limestone mine is among five mineral blocks that have been successfully put for sale in 2021-22, according to the mines ministry. Sree […]

India Inc’s revenue likely grew 18-20% on-year to Rs 8.2 trillion in 2nd quarter

NEW DELHI: Higher commodity prices and continued revival in demand for consumer discretionary products likely lifted corporate revenue 18-20 per cent on-year to Rs 8.2 lakh crore in the second quarter of this fiscal, indicates a CRISIL Research study of 300 companies (excluding from the financial services and oil sectors) that account for 55-60 per […]

PM Narendra Modi holds talks with Danish counterpart

NEW DELHI: Prime Minister Narendra Modi on Saturday held talks with his Danish counterpart Mette Frederiksen with a focus on expanding overall bilateral cooperation in a range of areas including renewable energy and trade and investment. Frederiksen arrived here early this morning on a three-day state visit. “Towards nurturing India-Denmark Green Strategic Partnership!PM @narendramodi welcomes […]

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