Gaurs Group acquires Rs 200 crore worth of land from IndusInd Bank
NEW DELHI: Realty firm Gaurs Group on Wednesday said it has acquired a land parcel in Jaypee Greens township in Greater Noida for Rs 200 crore to develop a luxury housing project. The land amidst the luxurious golf-centric township has been bought from IndusInd Bank. The transaction has already been done and the payments have […]
Finance ministry invites applications for CVOs in PSU banks, insurers
NEW DELHI: The finance ministry has invited applications from eligible candidates for the position of Chief Vigilance Officers (CVOs) in various public sector banks and insurance companies. Applications have been called for CVO positions in five lenders, including Canara Bank, Indian Bank and Bank of India. Besides, CVO position would also fall vacant in New […]
NCLAT asks Jet Airways to vacate office from Mack Star Marketing’s premises
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has directed Jet Airways, which is preparing to resume flight services in the coming months, to vacate its office from the premises of Mack Star Marketing in Mumbai. While passing an order on May 6, a three-member bench of the NCLAT also said that no monthly […]
Delhiites may soon have home delivery of liquor, say officials
NEW DELHI: Home delivery of liquor in the national capital is likely to see the light of the day soon, as a group of ministers (GoM) of the Delhi government has given a go ahead to it, officials said on Tuesday. The GoM has also viewed that there should not be any restriction on the […]
Book ‘End of Transplant’ unveiled: Showcases tested method to reverse chronic kidney disease
New Delhi: A book ‘End of Transplant’ was unveiled here by Dr. Om Prakash Gupta, Registrar, Shridhar University, Rajasthan, renowned Ayurveda and Meditation Grru – Acharya Manish who is also Chairman of Hospital and Institute of Integrated Medical Sciences(HIIMS) & Dr. Biswaroop Roy Chowdhury – who is the inventor of the Gravitational Resistance & Diet […]
Former ONGC chairman Shashi Shanker joins Adani Total Gas Ltd board
NEW DELHI: Shashi Shanker, former chairman and managing director of Oil and Natural Gas Corporation, has been appointed as an independent director on the board of Adani Total Gas Ltd (ATGL), the company said in a regulatory filing. Shanker, who superannuated as the head of India’s largest oil and gas producer on March 31, 2021, […]
L&T Construction to build part of Mumbai-Ahmedabad bullet train track
NEW DELHI: L&T on Thursday said its construction arm has won a large contract for the bullet train project. L&T Construction has bagged the project from National High-Speed Rail Corporation Ltd (NHSRCL). “The railways business of L&T Construction has secured acontract from NHSRCL to construct 116 route km of High-Speed ballastless track works for Mumbai-Ahmedabad […]
Steel giant ArcelorMittal’s Q1 net income jumps over 80% to $4,125 million
NEW DELHI: Global steel giant ArcelorMittal on Thursday posted 80.52 per cent growth in net income at USD 4,125 million (about Rs 31,350 crore) for the first quarter ended March 31, 2022. It had posted a net income of USD 2,285 million for the year-ago quarter, the company said in a statement. “ArcelorMittal recorded net […]
Audi commences bookings for new flagship sedan A8 L priced at Rs 10 lakh
NEW DELHI: German luxury carmaker Audi on Thursday said it has commenced bookings for its flagship sedan, the new Audi A8 L in India. With a combination of the 3-litre petrol powertrain, 48V mild-hybrid system and quattro all-wheel drive, the new Audi A8 L delivers exhilarating driving dynamics, the automaker said in a statement. The […]
Inland Road Network to JNPT at a cost of Rs 3,500 crore: Nitin Gadkari
NEW DELHI: Union Minister for Road Transport and Highways Nitin Gadkari has said guided by vision of Prime Minister Narendra Modi to provide enhanced connectivity between the ports and the domestic production and consumption centres across the country, our government is committed for port led development through construction of world class road network. In a […]
US announces 1.5-year extension for some expiring immigrant work permits
By Lalit K Jha WASHINGTON: The Biden administration has announced that certain categories of immigrants, including those seeking green cards and spouses of H-1B visa holders, would be permitted to use their expired work permits for an additional 18 months, offering a reprieve to thousands of Indians working in this country and prevent further disruption […]
RBI hikes interest rate by 40 bps to 4.40%
NEW DELHI: The Reserve Bank of India (RBI) on Wednesday increased the benchmark lending rate by 40 basis points (bps) to 4.40 per cent in a bid to contain inflation, which has remained stubbornly above the target zone of 6 per cent for the last three months. The decision follows an unscheduled meeting of the […]
Piramal Enterprises appoints Yesh Nadkarni
NEW DELHI: Piramal Enterprises Limited (‘PEL’) said that it has appointed Yesh Nadkarni as CEO of Wholesale lending, in Piramal Capital & Housing Finance Limited (PCHFL), a wholly owned subsidiary of PEL, with a primary focus on real estate lending business. In his role, Yesh will be responsible for further expanding PCHFL’s wholesale lending business, […]
Germany pledges additional 10 billion euros for India’s climate action targets
NEW DELHI: Germany on Monday committed an additional 10 billion euros assistance to India to help achieve climate action targets set for 2030 which include sourcing 50 per cent energy requirement from renewables and installing 500 GW of non-fossil fuel electricity capacity. “Germany intends to strengthen its financial and technical cooperation and other assistance to […]
Gyanesh Kumar named co-op Secretary Alkesh Sharma to be MeitY Secretary
NEW DELHI: Senior IAS officer Gyanesh Kumar has been appointed as Secretary, Ministry of Cooperation as part of a top-level bureaucratic reshuffle effected by the Centre on Monday. Kumar, a 1988-batch IAS officer of the Kerala cadre, is currently Secretary, Ministry of Parliamentary Affairs. He has been appointed as the Cooperation Secretary in place of […]
India’s unemployment rate rose to 7.83% in April, shows CMIE data
NEW DELHI: The unemployment rate in the country grew to 7.83 per cent in April from 7.60 per cent in March, according to the Centre for Monitoring Indian Economy (CMIE) data. The unemployment rate in urban areas was higher at 9.22 per cent compared to 8.28 per cent in March, the data released on Monday […]