Prime Minister inaugurates MSME Technology Centre at Puducherry
NEW DELHI: Prime Minister Narendra Modi inaugurated a Technology Centre of the MSME Ministry, established at Puducherry, on the occasion of National youth day today. This World Class Technology Centre set up with an investment of about Rs. 122 crore is spread across 10 acres, will train 20,000 youth, support 2000 MSMEs and incubate 200 […]
Maersk reports 43% growth in containerised rail export cargo in 2021
NEW DELHI: Global container logistics major Maersk India on Tuesday said it has posted 43 per cent growth in the movement of containerised export cargo on the rail in 2021. It has also launched 13 new weekly dedicated rail services during the period, the company added. These services were designed in such a way that […]
RattanIndia enterprises to drive e-commerce vertical via Rs. 350 cr investment
New Delhi: RattanIndia Enterprises (REL), a leading Company that is building businesses in new-age sectors including electric motorcycles, drone solutions and fintech on Wednesday announced that it has operationalized its e-commerce foray by approving an investment of Rs. 350 crore in its wholly owned subsidiary Cocoblu Retail Limited (Cocoblu). The investment in Cocoblu will further […]
Market capitalisation of BSE-listed companies at fresh lifetime high of over Rs 275.2 trillion
NEW DELHI: The market capitalisation of the BSE-listed companies reached a fresh lifetime high of over Rs 275.20 lakh crore on Tuesday, driven by a continuous rally in the equity market. The 30-share BSE benchmark continued its winning run for the third consecutive session on Tuesday. It gained 221.26 points or 0.37 per cent to […]
Maruti Suzuki India’s most favoured in 2021
NEW DELHI: Maruti Suzuki India Limited continues to be the most preferred car brand in the country. In 2021, 8 out of top 10 best-selling passenger vehicles were Maruti Suzuki, first time, in a calendar year. These eight vehicles include WagonR, Swift, Baleno, Alto 800, Dzire, Vitara Brezza, Eeco and Ertiga. Ertiga joined the top […]
CBDT extends FY21 ITR filing deadline for corporates till March 15
NEW DELHI: The government of India on Tuesday extended till March 15 the deadline for corporates to file Income Tax returns for the fiscal ended March 2021. The deadline to file tax audit report and transfer pricing audit report for 2020-21 fiscal too has been extended till February 15. This is the third extension given […]
Delhi: DLF sells properties worth Rs 1,500 crore in new luxury housing project
NEW DELHI: Realty major DLF Ltd on Tuesday said it has sold properties worth Rs 1,500 crore in its newly launched housing project at Moti Nagar in the national capital, reflecting strong demand for luxury apartments. On Friday, DLF launched its luxury housing project ‘ONE Midtown’ comprising 913 units, at Shivaji Marg in Moti Nagar, […]
Supreme Court of India reserves verdict on pleas of Future group firms
NEW DELHI: The Supreme Court of India on Tuesday reserved verdict on a batch of pleas filed by Future group firms against a Delhi High Court order declining stay on an arbitration tribunal decision refusing to interfere with the Emergency Award (EA) of the Singapore International Arbitration Centre (SIAC). We reserve the order. All the […]
Amazon writes to Future; confirms Samara Capital ready to invest Rs 7,000 crore
NEW DELHI: Amazon has written to independent directors of Future Retail Ltd (FRL), confirming that Samara Capital “remains interested and committed” to invest Rs 7,000 crore for buying all retail assets of the debt-ridden company and asked the retail firm to furnish existing due diligence reports to Samara by Sunday, according to sources. On January […]
India’s exports up 33 per cent to $7.63 billion during January 1-7 period
NEW DELHI: India’s exports grew 33.16 per cent to USD 7.63 billion during January 1-7 period on account of healthy performance by various sectors, including engineering, petroleum and gems and jewellery, according to preliminary data from the commerce ministry. Exports stood at USD 5.73 billion during the same period last year. During the first week […]
Foxconn to resume operations at Tamil Nadu plant; facility under probation by Apple
NEW DELHI: Apple supplier Foxconn Technology Group on Monday said it has implemented a range of corrective actions and will start bringing back team members gradually to the Sriperumbudur factory, which was shut down last month following a mass food-poisoning incident at the plant’s offsite dormitory facility. The factory located on the outskirts of Chennai […]
Skoda drives in all new Kodiaq at Rs 34.99 lakh
NEW DELHI: Czech automaker Skoda on Monday launched new version of its premium SUV Kodiaq in the country, priced between Rs 34.99 lakh and Rs 37.49 lakh (ex-showroom). The new Kodiaq comes equipped with 2-litre petrol engine mated to a seven-speed transmission sending power to all four wheels. The company said the all new version […]
Telcos’ gross revenues dip 1.36% in July-September 2021 to Rs 67k crore, AGR up 17%
NEW DELHI: Telecom service providers’ gross revenue declined by 1.36 per cent on a year-on-year basis to Rs 67,300 crore in the July-September 2021 quarter, according to a Trai report released on Monday. Telecom service providers (TSPs) had posted gross revenue of Rs 68,228 crore in the same quarter a year ago, according to the […]
ICT gets industry excellence Award for engineering services & consultancy
New Delhi: Intercontinental Consultants and Technocrats (ICT) a leading Infrastructure company having operations in more than 45 countries across the globe has been conferred with ‘Industry Excellence award for its engineering and consultancy services’ conferred by the Institute of Engineers, the apex body of engineers in the country . K K Kapila, chairman and Managing […]
Adani Group set up new subsidiary ANIL for new energy business
NEW DELHI: Billionaire Gautam Adani’s logistics-to-energy conglomerate has set up a new subsidiary, ANIL to undertake green hydrogen projects, generation of low carbon electricity and manufacture of wind turbines, solar modules and batteries as it looks to become the world’s largest renewable energy company and produce the cheapest hydrogen. Adani had in November last year […]
AMO Electric to raise $100 million to expand product range, sales infra
NEW DELHI: Electric two-wheeler maker AMO Electric is looking to raise about USD 100 million next fiscal as it looks to scale up R&D to introduce new products, expand manufacturing capacity and enhance sales infra across the country in order to consolidate its position in the sector. The Noida-based company currently sells four electric scooters […]