Gujarat’s public debt crosses Rs 3 trillion; amount within norms
NEW DELHI: Gujarat’s public debt stood at Rs 3,00,963 crore as per the revised estimates of 2020-21, the state Assembly was informed on Tuesday. The information was given by state Finance Minister Kanu Desai in response to a written query raised by Congress MLA Punja Vansh during Question Hour. In a written reply to a […]
Flipkart strengthens distribution infra in east with growing grocery demand
NEW DELHI: E-commerce major Flipkart on Tuesday said it has expanded its network of fulfilment centres here as demand for online grocery services grew by a whopping 75 per cent since June last year. The company has launched its third grocery fulfilment centre in Amta in West Bengal’s Howrah district to meet the growing demand […]
Reliance acquires assets of Lithium Werks
NEW DELHI: Reliance New Energy Limited (“Reliance”), a wholly owned subsidiary of Reliance Industries Ltd, has today signed definitive agreements to acquire substantially all of the assets of Lithium Werks BV (“Lithium Werks”) for a total transaction value of US$ 61 Million including funding for future growth. The assets include the entire patent portfolio of […]
Grip joins hands with AUS
NEW DELHI: Grip, an alternative investment platform, has announced that it has become India’s first company to provide lease financing opportunities in drones, to retail investors. Grip and Aarav Unmanned Systems (AUS) entered into a first-of-its-kind unique lease financial deal worth Rs 3.75 crore that paves the way for retail investors to invest in the […]
Godrej Properties expands into NCR,buys 50 acres of land in Sonipat, Haryana
NEW DELHI: The Mumbai-based developer said that it has acquired approximately 50 acres of land in Sonipat, Haryana, which will offer approx. 1 million sq. ft. of plotted residential development, plot sizes and lifestyle amenities. This project will offer approximately 1 million sq. ft. of plotted residential development, offering attractive plot sizes along with exceptional […]
L&T Construction gets contracts under its water and effluent treatment biz
NEW DELHI: L&T Construction has received various contracts under its water and effluent treatment business. As per the company’s project classification, the value of contracts ranges between Rs 1000 crore to Rs 2500 crore. The Gujarat Water Infrastructure Limited (GWIL) has placed engineering, procurement and construction orders for the design and construction of the Dhanki […]
L&T Construction bags significant orders
NEW DELHI: The construction subsidiary of engineering behemoth Larsen & Toubro (L&T) has bagged “significant” orders for its power transmission & distribution business. The company classifies orders worth Rs 1,000 crore to Rs 2,500 crore as significant. The Power Transmission & Distribution Business of Larsen & Toubro has bagged orders in India and abroad. The […]
Tata Sons chief Chandrasekaran appointed Air India chairman
NEW DELHI: N Chandrasekaran, chairman of Tata Sons, has been appointed as the chairman of Air India by the airline’s board, aviation industry sources said on Monday. Salt-to-software conglomerate Tata Group had on October 8 last year won the bid to acquire debt-laden state-run Air India by offering Rs 18,000 crore for it. Tata Sons […]