Month: September 2022

Prime Minister to launch 5G Services in India

NEW DELHI: The Prime Minister, Narendra Modi will launch 5G Services in India on October 01, 2022 and also inaugurate the 6th Edition of India Mobile Congress 2022 (IMC-2022) to be held from October 1-4, 2022, at Pragati Maidan, New Delhi. The launch of 5G services follows years of intense preparation. Recently, 5G spectrum auctions […]

Gujarat has country’s longest coastline, but not efforts made for decades to develop it: Narendra Modi

BHAVNAGAR: Prime Minister Narendra Modi on Thursday said although Gujarat has the longest coastline in the country, no attention was paid for its development for decades post-Independence, but ”honest attempts” were made in the last 20 years by the BJP government to turn it into the country’s ”door of prosperity”. He said the Bharatiya Janata […]

Arrested businessman made Rs 50 crore by violating Delhi excise policy: ED

NEW DELHI: Liquor businessman Sameer Mahandru, arrested by the Enforcement Directorate (ED) in connection with the Delhi excise policy money laundering case, earned Rs 50 crore as “proceeds of crime” in less than a year by violating the provisions of the liquor scheme, the agency told a local court. Mahandru, the managing director of an […]

ED gets 8 days custody of liquor businessman Sameer Mahendru in money laundering case

NEW DELHI: A Delhi court Wednesday remanded liquor businessman Sameer Mahendru in eight days custody of the of the Enforcement Directorate for alleged money laundering. Mahendru, the managing director of Indospirit, a liquor distributor, was arrested by ED in connection with a money laundering investigation linked to alleged irregularities in the now-scrapped Delhi excise policy. […]

Share of industrial loans in bank credit on decline, personal loans up: RBI

NEW DELHI: The share of industrial loans in total credit has been gradually declining over the last decade while that of personal loans is on the rise, the Reserve Bank of India (RBI)  said on Wednesday. Both industrial and personal loans had nearly 27 per cent credit share each in March 2022, as per the […]

Toyota Urban Cruiser Hyryder price starts at Rs 10.48 lakh

NEW DELHI: Toyota Kirloskar Motor on Wednesday said the prices of its sports utility vehicle Urban Cruiser Hyryder would range between Rs 10.48 lakh and Rs 18.99 lakh (ex-showroom). The trims with 1.5 litre-petrol powertrain mated with mild hybrid technology are priced between Rs 10.48 lakh and Rs 17.09 lakh, while the all-wheel drive variant […]

Senior advocate R Venkataramani appointed next Attorney General of India

NEW DELHI: Senior advocate R Venkataramani was appointed as the Attorney General of India on Wednesday for a term of three years, according to a notification. He will succeed K K Venugopal, whose term will end on September 30. Venugopal, 91, was appointed to the post in July 2017. He was reappointed as the top […]

India approves Rs 10,000-crore plan to modernise three major railway stations

NEW DELHI: India’s Prime Minister, Narendra Modi has approved Indian Railways’ proposal for redevelopment of 3 major railway stations with an approximate total investment of nearly Rs 10,000 crore during the cabinet meeting today. a) New Delhi Railway Station; b) Ahmedabad Railway Station; and c) Chhatrapati Shivaji Maharaj Terminus (CSMT) Mumbai Railway Station is an […]

Supreme Court to consider on October 12 pleas challenging Modi government’s decision on note ban

NEW DELHI: The Supreme Court said on Wednesday it will examine if the challenge to the Narendra Modi government’s (Centre’s) 2016 demonetisation decision has become a mere “academic exercise”, and posted it for consideration on October 12. As the hearing commenced, a constitution bench headed by Justice S A Nazeer wondered if the matter survives […]

Reliance Retail launches fashion & lifestyle departmental store format Reliance Centro

NEW DELHI: Reliance Retail, India’s largest retailer, has announced the launch of its fashion & lifestyle departmental store format, Reliance Centro. The first Reliance Centro store was launched today in Vasant Kunj, Delhi. Reliance Centro is aimed at democratizing fashion in India, by strengthening its reach & connect with consumers in India – right from […]

Godrej Properties acquires 7-acres land parcel in Bengaluru’s Indiranagar extension

NEW DELHI: Godrej Properties Ltd. (GPL),one of India’s leading real estate developers, today announced that it has acquired a land parcel that is strategically located in the immediate vicinity of Indiranagar and is close to the Old Airport Road and within the Outer Ring Road limits. Spread across approximately 7-acres, the project is estimated to […]

Net direct tax mop up rises 23% to Rs 7.04 trillion so far in FY23: CBDT chief

NEW DELHI: The net direct tax collection has increased 23 per cent to Rs 7.04 lakh crore so far this fiscal, the income tax department said on Tuesday. Central Board of Direct Taxes (CBDT) Chairman Nitin Gupta said the income and corporate tax collections were at a record high of Rs 14.09 lakh crore in […]

Motovolt Mobility plans to invest Rs 200 crore next year for expansion

NEW DELHI: Electric two-wheeler maker Motovolt Mobility on Tuesday said it plans to invest Rs 200 crore next year on new products and to expand its manufacturing footprint and sales network. The company, which on Tuesday launched its electric bike URBN in two variants priced at Rs 49,999 and Rs 54,999, is looking to set […]

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