Aurobindo Pharma net profit dips 22% to Rs 604 crore in December quarter
NEW DELHI: Aurobindo Pharma on Wednesday said its consolidated net profit declined by 22.3 per cent to Rs 604.29 crore for the third quarter ended December 31, 2021, hit by high input and freight costs. The Hyderabad-based drug maker had reported a consolidated net profit of Rs 777.3 crore in the same period of previous […]
India received total FDI of $54.1 billion during April-Nov 2021-22
NEW DELHI: India has received total foreign direct investment (FDI) of USD 54.1 billion during April-November 2021-22, as against USD 81.97 billion in 2020-21, Parliament was informed on Wednesday. Total FDI comprises equity inflows, reinvested earnings and other capital. FDI inflows serve an important role in augmenting domestic capital and help to promote industrial development […]
Can’t have a situation where jobs are in China: Modi government on Tesla’s India entry
NEW DELHI: Making it clear that relaxations will not be provided to US-based electric vehicles major Tesla unless it participates in manufacturing activities in India, Union Minister Krishan Pal Gurjar on Tuesday said there cannot be a situation where the market is India but jobs are created in China. The minister of state for heavy […]
Ace investor Rakesh Jhunjhunwala, others to pick up stake in D B Realty
NEW DELHI: Real estate developer D B Realty will allot 5 crore warrants to investors, including Rakesh Jhunjhunwala and his wife, within days of Godrej Properties cancelling its plans to invest Rs 700 crore in the company to pick up 10 per cent stake and set up a joint platform. The company will raise Rs […]
Highway projects worth Rs 3.36 trillion sanctioned in 3 years to FY21
NEW DELHI: The Road Transport and Highways Ministry has sanctioned highway projects of about Rs 3,36,661 crore during the three years to 2020-21, Union minister Nitin Gadkari said on Wednesday. In a written reply to the Rajya Sabha, the Road Transport and Highways Minister said that time for the completion of a project is generally […]
Sarbananda Sonowal reviews EoDB measures and OETT of Major Ports and IWAI under PM Gati Shakti National Plan
NEW DELHI: Union Minister of Ports, Shipping and Waterways Sarbananda Sonowal today took a comprehensive review of initiatives taken by the various ports for facilitating Ease of Doing Business (EoDB) and Operational Efficiency Through Technology (OETT) to boost growth under PM Gati Shakti National Plan in presence of Union MoS Shantanu Thakur and chairmen of […]
Ravi Mital takes charge as Chairperson of Insolvency and Bankruptcy Board of India
NEW DELHI: Ravi Mital took charge as Chairperson of Insolvency and Bankruptcy Board of India in New Delhi today. A 1986 batch Indian Administrative Service (IAS) officer of Bihar cadre, Mital holds degrees of B.E. in Mechanical Engineering and M.Phil. in Environmental Science. Prior to joining the IBBI as Chairperson, he superannuated from the position […]