JLR opens bookings for Discovery Metropolitan Edition
NEW DELHI: Jaguar Land Rover India (JLR) has opened bookings for the all-new Discovery Metropolitan Edition with prices starting from Rs 1.26 crore (ex-showroom), the company said on Monday. The latest seven-seater SUV comes with many upgrades and enhanced new age features, JLR said in a statement. Available with the P360 Ingenium petrol engine and […]
Will respond strongly to frauds: Sequoia on controversy-hit BharatPe
NEW DELHI: Breaking its silence over controversy at fintech firm BharatPe, Sequoia Capital India on Sunday said it has zero tolerance towards proven wrongdoing and will continue to respond strongly to wilful misconduct or fraud so that a few errant founders do not create big setbacks for startup ecosystem. Sequoia, which is the largest shareholder […]
About 61 applicants approved under PLI scheme for textiles out of 67 applications received
NEW DELHI: The Selection Committee chaired by Secretary, Ministry of Textiles, Upendra Prasad Singh has selected 61 applicants under Production Linked Incentive (PLI) Scheme for Textiles. A total of 67 applications were received for the PLI scheme out of which 15 applications are under Part-1 and 52 applications are under Part-2. Addressing the media in […]
Oberoi Realty appoints Sameep Pathak as Chief Executive Officer-Mall
NEW DELHI: Oberoi Realty, India’s leading real estate brand today announced the appointment of Sameep Pathak – Chief Executive Officer – Mall. Pathak will play an instrumental role in charting the growth trajectory of Oberoi Realty’s retail business in India which also includes Oberoi Mall located in Goregaon, Mumbai. Sameep comes with over two decades […]
India’s finance ministry waives customs duty on cotton imports till September 30
NEW DELHI: The finance ministry on Wednesday waived customs duty on cotton imports till September 30, a move which will benefit the textile industry and lower prices for consumers. Currently, cotton imports attract 5 per cent Basic Customs Duty (BCD) and 5 per cent Agriculture Infrastructure Development Cess (AIDC). The industry has been demanding waiver […]
India, US to restart commercial dialogue, CEO forum later this year: Blinken
By Lalit K Jha WASHINGTON: India and the US are restarting their bilateral commercial dialogue and the CEO’s forum later this year to deepen their bilateral trade and investment relationship, US Secretary of State Antony Blinken has announced. Blinken made this announcement at a joint news conference with Defence Secretary Lloyd Austin along with their […]
India probably buys less oil from Russia in a month that what Europe does in an afternoon: Jaishankar
NEW DELHI: India’s total purchase of oil from Russia in a month is probably less than what Europe does in an afternoon, External Affairs Minister S Jaishankar has said. “I noticed you refer to oil purchases. If you are looking at energy purchases from Russia, I would suggest that your attention should be focused on […]
CORFAC International enters India with RPZ
NEW DELHI: CORFAC International, the premier global network for independently owned commercial real estate firms, has announced today that New Delhi-based RPZ has joined CORFAC International as a new global affiliate. “CORFAC is pleased to announce RPZ/CORFAC International in New Delhi, India, is the newest affiliate to join our growing global network. RPZ is the […]
Tata Housing plans Rs 1,200 crore investment to acquire land for premium housing, plotted development
NEW DELHI: Tata group’s real estate arm Tata Housing plans to invest around Rs 1,200 crore over the next two years to acquire land outright and through joint ventures across major cities to develop group housing projects as well as for plotted development, which has gained traction amid the COVID pandemic. In an interview with […]
It is not in India’s interest to ‘accelerate or increase’ imports of Russian energy: White House
By Lalit K Jha WASHINGTON: The White House has reiterated that it is not in India’s interest to “accelerate or increase” imports of Russian energy and other commodities, while offering to work with New Delhi to help it reduce its reliance on imports from Moscow. Responding to questions on the visit of top Indian-American US […]
Jio Institute appoints Dr. Guruswami Ravichandran as the Provost
NEW DELHI: Jio Institute today announced the appointment of Prof. Guruswami Ravichandran from California Institute of Technology (Caltech) as the Provost to further strengthen its academic leadership. Prof. Ravichandran will join Jio Institute as its founding Provost and Professor of Engineering, on July 1, 2022. From 2015 to 2021, he served as the Otis Booth […]