SG Analytics appoints Amit Shanker as Advisory Board Member
NEW DELHI: SG Analytics, the market leader in research and data analytics services, has appointed Amit Shanker, based in the US, as an Advisory Board Member. “I am excited to welcome Amit as his entry will bolster our efforts to provide more value to our customers and deepen our relationships in Data Analytics and Investment […]
Panasonic launches industry’s truly smart Washing Machine this festive season
NEW DELHI: Panasonic Life Solutions India (PLSIND), a leading diversified technology company launched a new line-up of India’s truly smart washing machines this festive season. Powered by Panasonic’s connected living platform – Miraie, the new range of top-load smart washing machines come with unique smart features along with premium design. The new models come in […]
Kashmir’s first multiplex screens Lal Singh Chaddha on opening day
SRINAGAR: Jammu and Kashmir Lieutenant Governor Manoj Sinha on Tuesday inaugurated the valley’s first multiplex in Sonawar area of the city, ending the three-decade wait of the movie buffs to watch their favourite stars on the big screen. “Inaugurated INOX multiplex theatre in Srinagar. Congratulations to the people, Sh. Vijay Dhar & INOX Group. A […]
After Amazon, Apollo Global wades into India’s corporate governance jungle
NEW DELHI: After Amazon.com Inc., it’s the turn of Apollo Global Management Inc. to wade into the jungle that’s corporate governance in India. It has sued a Mumbai-based warehousing firm in which it owns a large stake. The cause of the dispute vanished on Monday when the company dropped a controversial plan to sell its […]
India would be $25 trillion economy in 25 years: NaBFID Chairman K V Kamath
NEW DELHI: India is expected to be a USD 25-trillion economy in 25 years, veteran banker and chairman of National Bank for Financing Infrastructure and Development K V Kamath said on Tuesday. NaBFID was set up by the government last year to support the development of long-term infrastructure financing in the country. Kamath also said […]
Essar to invest $4 billion in steel plant in Saudi Arabia in 3 years: Official
NEW DELHI: The Essar Group is looking to invest USD 4 billion in setting up an integrated flat steelworks plant in Saudi Arabia in the next three years, a senior company official said. The plant, which will cost Saudi Riyal 15 billion (USD 4 billion), is scheduled to break ground by this year-end and be […]
DPIIT planning multi-media campaign to promote over 400 GI products
NEW DELHI: The commerce and industry ministry is planning a multi-media campaign to promote over 400 GI (Geographical Indication) products such as Darjeeling Tea, Chanderi Fabric, Mysore Silk, and Kashmir Walnut Wood Carving. The Department for Promotion of Industry and Internal Trade (DPIIT) intends to empanel one or more audio-visual agencies to carry out various […]
OneWeb’s 36 satellites arrive in India ahead of planned launch
NEW DELHI: OneWeb, the low Earth orbit (LEO) satellite communications company, today announced the arrival of 36 satellites at the Satish Dhawan Space Centre (SDSC- SHAR) in advance of a planned launch from Sriharikota, India. With this launch, OneWeb will have over 70% of its planned Gen 1 LEO constellation in orbit as it progresses […]
India begins sale of erstwhile national carrier Air India’s 2 subsidiaries
NEW DELHI: The government of India has initiated the process of privatising 2 subsidiaries AIASL and AIESL of erstwhile national carrier Air India, an official said. The Department of Investment and Public Asset Management (DIPAM) has initiated investor meetings and roadshows to gauge interest in AIASL and AIESL. We will soon invite EoIs from interested […]
Bridgestone looks to scale up manufacturing capacity by 10% next year
NEW DELHI: Japanese tyre maker Bridgestone is looking to scale up its manufacturing capacity by over 10 per cent next year amid the demand surge in both OEM and aftermarket segments, the company’s India head, Parag Satpute has said. He also said that the company is working on rolling out its EV tyre technology in […]
India receives 75 applications under PLI scheme for specialty steel
NEW DELHI: The government of India has received around 75 applications from domestic players under the PLI Scheme for specialty steel, according to an official. Applicants include all major steel players like Tata Steel, JSW Steel, JSPL, AMNS India and SAIL, a senior steel ministry official said. “A significant number of applications have been received. […]
Mixed airfare trends after cap removal; passenger traffic on rise: Experts
MUMBAI/NEW DELHI: After the removal of airfare caps, there seems to be a mixed trend with lower ticket prices for routes having relatively lesser passenger loads, according to travel industry experts. More than two years after being put in place amid the coronavirus pandemic, the fare caps were removed with effect from August 31. The […]
Vedanta-Foxconn plant site in Gujarat to be finalised in 2 weeks: Official
NEW DELHI: Vedanta and Foxconn have hired experts who are evaluating possible locations for their upcoming semiconductor plant in Gujarat and a site may be finalised in the next couple of weeks, Gujarat Science and Technology Department Secretary Vijay Nehra said. So far, the joint venture company has not finalised the location as they are […]
Adani becomes India’s second-largest cement player after Ambuja, ACC deal
NEW DELHI: The Adani Family, through Endeavour Trade and Investment Ltd (“BidCo”), a special purpose vehicle, has successfully completed the acquisition of Ambuja Cements Ltd and ACC Ltd. The transaction involved the acquisition of Holcim’s stake in Ambuja and ACC along with an open offer in both entities as per SEBI Regulations. The value of […]
48th AGM: RITES approves final dividend of Rs 3.5 per share
NEW DELHI: RITES Limited, the leading transport infrastructure consultancy and engineering firm, today conducted its 48th Annual General Meeting (AGM) through video conferencing. During the AGM, the shareholders approved all resolutions, including the adoption of Audited Financial Statements of the company and approval of Rs 3.5 per share as a final dividend for FY2021-22. This […]
Adobe to acquire Figma for $20 billion
NEW DELHI: Adobe has announced it has entered into a definitive merger agreement to acquire Figma, a leading web-first collaborative design platform, for approximately $20 billion in cash and stock. The combination of Adobe and Figma will usher in a new era of collaborative creativity. Adobe’s mission is to change the world through digital experiences. […]