FRL independent directors ask Amazon to confirm Rs 3,500 crore infusion by Saturday
NEW DELHI: Independent directors of Future Retail Ltd (FRL) have asked Amazon to confirm by Saturday that it will infuse Rs 3,500 crore into the cash-strapped retailer in order to repay FRL’s lenders by January 29, 2022, according to sources. Responding to Amazon’s letter, the independent directors of FRL said while they are willing to […]
HAL signs contract for export of ALH to Mauritius
NEW DELHI: In-line with government of India’s vision to boost defence exports to friendly foreign countries, Hindustan Aeronautics Limited (HAL) has signed a contract with Govt. of Mauritius (GoM) for export of one Advanced Light Helicopter (ALH Mk III) for Mauritius Police Force. The government of Mauritius already operates HAL built ALH and Do-228 aircraft. […]
Microsoft to acquire Activision Blizzard
NEW DELHI: With three billion people actively playing games today, and fueled by a new generation steeped in the joys of interactive entertainment, gaming is now the largest and fastest-growing form of entertainment. Microsoft Corp. has announced plans to acquire Activision Blizzard Inc., a leader in game development and interactive entertainment content publisher. This acquisition […]
Jio pays Rs 30,791 crore to clear bulk of spectrum dues
NEW DELHI: Mukesh Ambani-led Reliance Jio Infocomm Ltd (RJIL), has announced that it has paid Rs.30,791 crore (including accrued interest) to the Department of Telecom (DoT) towards prepayment of the entire deferred liabilities pertaining to spectrum acquired in auctions of year 2014, 2015, 2016 and the spectrum acquired in year 2021 through trading of right […]
Delhi govt to deploy 1500 e-buses under DTC
NEW DELHI: The Delhi government will soon deploy 1,500 electric buses under the Delhi Transport Corporation(DTC) as it aims at 100 per cent electrification of public transport fleet, minister Kailash Gahlot said on Thursday. Earlier in the day, Central government agency Convergence Energy Services Ltd (CESL) launched the biggest ever tender worth about Rs 5,500 […]