Shuddhi Wellness & HIIMS support UN’s International Year of Millets
New Delhi : The United Nations General Assembly (UNGA) has declared 2023 as the “International Year of Coarse Cereals.” India sponsored the resolution to express the Year of Coarse Cereals or Millets. The resolution was later adopted unanimously and with the support of more than 70 countries out of 193 members. Shuddhi Wellness Clinics, a chain of 150+ […]
Congress, BJP trade charges over ABG Shipyard bank fraud
NEW DELHI: The Congress on Sunday targeted the Modi government over the Rs 22,842-crore bank loan fraud case of Gujarat-based ABG Shipyard, alleging complicity of those sitting in the highest echelons of power, but the BJP hit back saying the loans were given to the accused company during the UPA rule. On February 7, the […]
CBI books ABG shipyard for biggest bank loan fraud
NEW DELHI: In its biggest bank fraud case, the CBI has booked ABG Shipyard Ltd and its former chairman and managing director Rishi Kamlesh Agarwal along with others for allegedly cheating a consortium of banks led by State Bank of India of over Rs 22,842 crore, officials said on Saturday. Besides Agarwal, the agency has […]
IPL 2022 mega auction in numbers
BENGALURU: Following is a summarised lowdown of the two-day IPL 2022 mega auction that concluded here on Sunday: Total money spent by 10 franchises: Rs 5,51,70,00,000 (Rs 5.52 billion approximately) Total players sold: 204 (Overseas 67) Biggest buy at auction: Ishan Kishan (India, Mumbai Indians) Rs 15.25 crore; biggest overseas buy: Liam Livingstone (England, Punjab […]
Forex reserves rise to USD 631.953 billion
NEW DELHI: The country’s foreign exchange reserves increased by USD 2.198 billion to USD 631.953 billion in the week ended February 4, RBI data showed. In the previous week ended January 28, the reserves had declined by USD 4.531 billion to USD 629.755 billion. It touched a lifetime high of USD 642.453 billion in the […]
Industrial production grows 0.4 per cent in December
NEW DELHI: India’s industrial production rose by 0.4 per cent in December 2021, according to official data released on Friday. According to the Index of Industrial Production (IIP) data by the National Statistical Office (NSO), the manufacturing sector’s output contracted by 0.1 per cent in December 2021. In December 2021, the mining output climbed 2.6 […]
Hero Electric ties up with State Bank of India for retail finance
NEW DELHI: Hero Electric on Friday said it has tied up with State Bank of India (SBI) for retail finance for its customers. The customers can now ride home their favourite company scooter at the lowest interest rates across India for a hassle-free experience, Hero Electric said in a statement. “There is strong demand for […]
‘As $35 billion flows into start-ups, total deals soar 40% to $115 billion in 2021’
NEW DELHI: Led by a 50 per cent jump in private equity funding to an all-time of over USD 66 billion, the overall deal activity soared nearly 40 per cent to reach about USD 115 billion in 2021 across 2,064 transactions, according to a report that expects the momentum to continue this year. The Deal […]
Jindal Steel and Power, Hindalco bag coal mines in Odisha in auction
NEW DELHI: The second and third days of auction of coal blocks for commercial use saw Jindal Steel and Power bagging Utkal-C coal mine in Odisha, while Hindalco Industries made the highest bid for Meenakshi mine in the eastern state. While BS Ispat Ltd emerged as the highest bidder for Majra mine in Maharashtra, Assam […]
N Chandrasekaran reappointed Tata Sons chairman
NEW DELHI: N Chandrasekaran was on Friday reappointment as the chairman of Tata Sons – the holding company of the salt-to-software Tata Group – for a second five-year term. His reappointment was backed by Ratan Tata, chairman of Tata Trusts, the majority owners of Tata Sons. Tata Sons board met on Friday to review the […]
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 […]