Odisha government to spend Rs 200 crore to revamp Kalinga Studio
BHUBANESWAR:The Odisha government has decided to invest Rs 200 crore to renovate Kalinga Studio here to boost the Odisa film industry and create employment opportunities in the sector, an official said on Thursday. During a meeting held on Wednesday, Chief Secretary S C Mohapatra directed the authorities to develop the facility as a film hub […]
India issues new guidelines for international arrivals
Miss Jiya Rai, a 12 year old daughter of a Naval sailor Madan Rai, created history by swimming from Bandra-Worli Sea Link to Gateway of India, a distance of 36 Km in 08 hrs and 40 minutes on 17 Feb 21. She is a known case of Autism Spectrum Disorder (ASD) and dedicated the swimming […]
L&T bags contract to build two units of Kudankulam Nuclear Power Project
NEW DELHI: The construction arm of L&T has secured a significant order in the Nuclear sector from Nuclear Power Corporation of India Limited (NPCIL) for its Heavy Civil Infrastructure business in India to construct the Main Plant Civil Works of the Kudankulam 5&6 units (KKNPP 5&6 – 2X1000 MWe). The Kudankulam Nuclear Power Plant is […]
Modi government clears 20 food processing projects worth Rs 363.4 crore
NEW DELHI: India’s Food Processing Industries Ministry on Wednesday said it has cleared 20 projects worth Rs 363.4 crore under two central government schemes. The Narendra Modi government will provide a grant-in-aid of Rs 102.91 crore for these projects, which together are expected to generate nearly 12,000 jobs and benefit 42,800 farmers, it said in […]
Financial powers delegated below vice-chief level for capital procurement in armed forces
NEW DELHI: India’s Union Cabinet approved enhanced delegation of Financial Powers under Capital Procurement to levels below Vice-Chief of Armed Forces. As per the approval, under Other Capital Procurement Procedure (OCPP) of Defence Acquisition Procedure-2020, financial powers up to Rs.100 crore has been delegated to General Officer Commanding-in-Chief (GOC-in-C), Flag Officer Commanding-in-Chief (FOC-in-C), Air Officer […]
India launches PLI scheme to become hub of global telecom manufacturing
NEW DELHI: The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved Production Linked Incentive (PLI) Scheme for Telecom and Networking Products with a budgetary outlay of Rs. 12,195 crore. The Production Linked Incentive (PLI) Scheme intends to promote manufacture of Telecom and Networking Products in India and proposes a financial incentive to […]
Narendra Modi dedicates to nation, lays foundation stone of key projects of oil and gas sector in Tamil Nadu
NEW DELHI: The Prime Minister Narendra Modi dedicated to the nation and laid the foundation of key projects of the oil and gas sector in Tamil Nadu today via video conferencing. Prime Minister dedicated to the nation the Ramanathapuram – Thoothukudi natural gas pipeline and Gasoline Desulphurisation Unit at Chennai Petroleum Corporation Limited, Manali. He […]
Narendra Modi addresses NASSCOM Technology and Leadership Forum
NEW DELHI: The Prime Minister Narendra Modi addressed the NASSCOM Technology and Leadership Forum (NTLF) today via video conferencing. Speaking on the occasion, the Prime Minister lauded the IT industry for their resilience during the Corona period. “When the chips were down, your code kept things running” said the Prime Minister. He noted 2 percent […]
Kalpataru to invest Rs 300 crore on new housing project in Mumbai
NEW DELHI: Real estate firm Kalpataru Ltd will invest Rs 300 crore to develop a housing project in Mumbai as part of its plan to expand the business and tap rising demand for residential properties. The 2.4-acre project ”Kalpataru Park Riviera” at Panvel comprises over 400 apartment units. In the first phase, the company has […]
DHFL posts consolidated net loss of Rs 13,095 crore in Q3 FY21
NEW DELHI: Dewan Housing Finance Corporation (DHFL) on Saturday posted a consolidated net loss of Rs 13,095.38 crore in the third quarter ended December 2020 against a net profit of Rs 934.31 crore in the year ago quarter. Sequentially, the company witnessed widening of net loss from Rs 2,122.65 crore in the second quarter ended […]
ED arrests businessman in PMLA case against Omkar Realtors
MUMBAI: The Enforcement Directorate (ED) has arrested a businessman in connection with a money laundering case against city-based realty group Omkar Realtors and Developers, official sources said on Monday. They said Sachin Joshi was arrested under various sections of the Prevention of Money Laundering Act (PMLA) on Sunday after he was questioned here in connection […]
Ascendas India Trust to acquire IT-SEZ building in Hyderabad for Rs 506 crore
NEW DELHI: Ascendas India Trust on Tuesday said it will acquire an IT-SEZ building in Hyderabad from Phoenix group for Rs 506 crore. Ascendas Property Fund Trustee, in its capacity as Trustee-Manager of Ascendas India Trust, has entered into definitive agreements for the proposed acquisition of aVance 6 at HITEC City, Hyderabad. “The agreements were […]
Amazon India to commence electronic devices manufacturing in India
NEW DELHI: India’s Electronics & Information Technology, Communications and Law &Justice Minister Ravi Shankar Prasad today held a virtual meeting with Amit Agarwal, Amazon’s Global Senior Vice President and Country Head for India. Range of issues related to digital sector were discussed during this meeting. After this meeting Amazon India has made an announcement to […]
Indian-origin Preeti Sinha to lead United Nations Capital Development Fund
UNITED NATIONS: The United Nations (UN) Capital Development Fund has appointed Indian-origin investment and development banker Preeti Sinha as its Executive Secretary, whose focus will be on providing micro-finance assistance to women, youth, small and medium-sized enterprises in under-served communities. Sinha commenced her tenure as UNCDF Executive Secretary, the highest leadership rank in the institution, […]
Supreme Court notice to Modi government, WhatsApp on plea alleging low privacy standards
NEW DELHI: The Supreme Court on Monday sought responses from the Narendra Modi government (Centre) and WhatsApp within four weeks on a fresh plea alleging lower standards of privacy for Indians in comparison to European users of the messaging app. The top court said that people have grave apprehensions that they will lose their privacy, […]
IT industry to grow by 2.3% in FY21 despite dip in tech spends: Nasscom
NEW DELHI: The Indian IT industry revenues are set to grow by 2.3 per cent to USD 194 billion in FY2020-21 and the exports will go up by 1.9 per cent to USD 150 billion, industry lobby Nasscom said on Monday. The industry remained a net hirer in the fiscal year, which saw a major […]