Month: November 2021

Khadi and Village Industries Commission to begin Pashmina production soon in Varanasi

NEW DELHI: The globally acclaimed Pashmina wool products, which are indigenous to the high altitude regions of Leh-Ladakh and Jammu & Kashmir, will now be made in Varanasi also. In a path breaking initiative, Khadi and Village Industries Commission (KVIC) has roped in 4 Khadi Institutions from Varanasi & Ghazipur districts in Uttar Pradesh for […]

Shapoorji Pallonji’s Joyville to invest Rs 300 crore to build 750 apartments

NEW DELHI: Shapoorji Pallonji’s housing platform Joyville will invest around Rs 300 crore to develop new phases, comprising around 750 flats, at its three residential projects in Pune, Mumbai and Kolkata to encash rise in demand. Joyville, which is a Rs 1,240-crore platform established by business conglomerate Shapoorji Pallonji, ADB, IFC and Actis, has so […]

Investors’ wealth tumble over Rs 4.48 lakh crore as markets plummet

NEW DELHI: Investors’ wealth tumbled Rs 4.48 lakh crore during day trade on Friday with the BSE benchmark plummeting 1,488 points tracking weak global trends. The 30-share benchmark index tumbled 1,488.01 points during the day to 57,307.08. The market capitalization of BSE-listed tanked Rs 4,48,223.31 crore to Rs 2,61,18,730.57 crore during the day. “Equity markets […]

India’s forex kitty increases by $289 million to $640.40 billion

NEW DELHI: India’s forex exchange reserves increased by USD 289 million to USD 640.401 billion for the week ended November 19, the Reserve Bank said on Friday. The overall reserves had declined by USD 763 million to USD 640.112 billion in the previous reporting week. They had touched a life time high of USD 642.453 […]

Airports to attract Rs 90,000 crore in investments over five years: India’s Civil Aviation Secretary

NEW DELHI: India’s airports sector is expected to see an investment of Rs 90,000 crore in a five-year period, with nearly Rs 68,000 crore coming from the private players, a senior official said on Wednesday. The civil aviation sector, which was battered by the coronavirus pandemic that had also resulted in the suspension of domestic […]

Narendra Modi lays the foundation Stone of Noida International Airport

NEW DELHI: Prime Minister Narendra Modi laid the foundation Stone of Noida International Airport, Uttar Pradesh today. The airport is spread across an area of 5,000 acres and is being developed by Zurich International Airport AG at an estimated cost of Rs 29,560 crores. The Swiss Airport company had won the bid in November, 2019 […]

Mamata Banerjee inviting PM Narendra Modi to business meet in Bengal triggers war of words between TMC, Congress

NEW DELHI: A war of words broke out between the Congress and the Trinamool Congress (TMC) on Wednesday after West Bengal Chief Minister Mamata Banerjee invited Prime Minister Narendra Modi to inaugurate a global business meet to be hosted by her government, with the grand old party claiming that the “understanding” between the two parties is […]

India, ADB sign $300 million loan to improve primary health care in India

NEW DELHI: The Government of India and the Asian Development Bank (ADB) have signed a $300 million loan to strengthen and improve access to comprehensive primary health care in urban areas of 13 states that will benefit over 256 million urban dwellers including 51 million from slum areas. Rajat Kumar Mishra, Additional Secretary, Department of […]

Magenta signs MoU with Tamil Nadu to invest over Rs. 250 crores to set up an EV manufacturing plant

NEW DELHI: Magenta, a leading Indian Charge Point Operator (CPO) company, signed a Memorandum of Understanding (MoU) with the State Government of Tamil Nadu to invest in building the EV charging infrastructure in the state. Maxson Lewis, CEO and MD, Magenta, signed the MoU in the presence of the  Chief Minister of Tamil Nadu, Thiru. […]

India records close to 15% rise in export of agricultural and processed food products in April-October

NEW DELHI: In a major boost to export prospects of agricultural produce, India registered a significant surge in export of agricultural and processed food products in April-October period of current Financial Year, 2021-22, in comparison to the corresponding seven month period of last fiscal, 2020-21. According to the Quick Estimates released by the Directorate General […]

Nirmala Sitharaman to lead a team of Secretaries for discussions at GIFT City

NEW DELHI: Union Minister for Finance & Corporate Affairs, Nirmala Sitharaman will lead a team of seven Secretaries from the Ministry of Finance and Ministry of Corporate Affairs to discuss matters of development and growth of India’s maiden International Financial Services Centre (IFSC) at GIFT City, Gandhinagar on 20th November, 2021. The Ministers of State […]

Axon Developers acquire 2 stress projects, to invest Rs 350 crore

NEW DELHI: Axon Developers, new age Real Estate development company, has kick-started its operations by acquiring two stress asset projects in Delhi NCR. The company said that it would invest Rs 350 crore for the completion of around 750 units in the two residential projects. The investment will be through internal accrual and sales. The […]

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