eWheelers Mobility Opens New EV Fulfillment Centre in Bangalore
Bangalore: eWheelers Mobility, the largest marketplace for electric vehicles in India, has accelerated its journey towards EVs by unveiling a new EV Fulfillment Centre in Bangalore. The Fulfillment Centre is located at VGP Layout road, Kudlu, and is well equipped. The eWheelers EV Fulfillment Centre makes it easier for electric vehicle manufacturers to overcome the […]
Public wifi hotspots can generate 20-30 million jobs this year
NEW DELHI: Setting up of 1 crore public wifi hotspots across the country by this year as envisaged under the present telecom policy has the potential to create 2-3 crore job opportunities, a senior government official said on Saturday. Telecom Secretary K Rajaraman while speaking at Broadband India Forum (BIF) event called upon wifi equipment […]
India’s forex reserves up by $2.229 billion to $634.965 billion
NEW DELHI: The country’s foreign exchange reserves grew by USD 2.229 billion to USD 634.965 billion in the week ended January 14, Reserve Bank of India (RBI) data showed. In the previous week ended January 7, the reserves had declined by USD 878 million to USD 632.736 billion. It touched a lifetime high of USD […]
There will be fair inquiry into alleged governance issues at PFS: Promoter
NEW DELHI: PTC India Chairman and Managing Director Rajib K Mishra on Friday said there will be a fair inquiry into alleged corporate governance issues at its subsidiary PFS where all independent directors resigned enmasse over the issues. In an unusual development, all three independent directors of PTC India Financial Services (PFS), which is a […]
India no longer signs FTAs just to be part of a group: Piyush Goyal
NEW DELHI: India is no longer signing free trade agreements (FTAs) just to join a group and instead it is looking at reciprocal access, good market conditions, and fair play in trade in both goods and services, Commerce and Industry Minister Piyush Goyal said on Friday. However, he added that FTA is a two-way traffic […]
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 […]
FDI flows to India slip 26 pc in 2021: UN report
UNITED NATIONS: Foreign Direct Investment (FDI) flows to India in 2021 were 26 per cent lower, mainly because large M&A deals recorded in 2020 were not repeated, the UN trade body has said. The UN Conference on Trade and Development (UNCTAD) Investment Trends Monitor published on Wednesday said global foreign direct investment flows showed a […]
Maker Village signs MoU with Cochin Shipyard Ltd
KOCHI: Maker Village, one of the largest electronic hardware incubators in the country, has signed a memorandum of understanding with Cochin Shipyard Ltd (CSL) for the development of indigenised technology and related aspects in the marine engineering sector. The MoU was signed here by Deepu Surendran, General Manager of CSL, and Nizam Mohammed, CEO of […]
Economy needs nursing; Budget shouldn’t focus on fiscal consolidation: SBI
NEW DELHI: House economists at the nation’s largest lender State Bank of India (SBI) have urged the government to budget for nursing the pandemic-ravaged economy and not to focus too much on fiscal consolidation as there is a need for more stabilisation measures to sustain the fledgling recovery. And one of the best way to […]
Brilloca to acquire building products manufacturing biz of HSIL for Rs 630 crore
NEW DELHI: Brilloca, a wholly-owned subsidiary of Somany Home Innovation Ltd (SHIL), on Saturday said it will acquire building products manufacturing business of HSIL Ltd in a slump sale for a cash consideration of Rs 630 crore. Currently engaged in marketing and distribution of building products such as sanitaryware, faucets, plastic pipes and fittings, Brilloca […]
SPAG Welcomes Government’s move to declare National Startup Day
New Delhi: The declaration of National Startup Day by Prime Minister Narendra Modi comes as a big boost to the ever-growing startup industry in India. PR & Advocacy firm, SPAG, works closely with startups, and welcomes this move as it will add tremendously to the existing growth trajectory of the sector. Already pegged to be […]
IOC to invest Rs 7,000 crore in city gas after it secures 33% market areas
NEW DELHI: Indian Oil Corporation (IOC), the nation’s largest oil firm, on Sunday said it will invest over Rs 7,000 crore in setting up city gas distribution networks in the cities for which it has secured a licence in the latest bidding round. IOC secured 33 per cent of the demand potential that was up […]