NTPC signs MoU with Siemens Limited
NEW DELHI: NTPC and Siemens Ltd. signed a Memorandum of Understanding (MoU) to demonstrate the feasibility for hydrogen co-firing blended with natural gas in Siemens V94.2 gas turbines installed at NTPC Faridabad gas power plant. The total installed capacity of Faridabad gas power plant is 432 megawatt (MW) with two V94.2 gas turbines operating in […]
Expanding India-US union for knowledge-based economy valuable: Vivek Lall
WASHINGTON: There is great merit in expanding the partnership between India and the United States towards a knowledge-based economy, a top Indian American corporate leader said on Tuesday, asserting that a successful collaboration would result in a number of joint efforts in matters of mutual interest. With India and US demographics, industrial might, and technological […]
Adani Data Networks gets unified licence for full fledge telecom services
NEW DELHI: Adani Data Network has been granted unified licence for access services, which enables it to provide all telecom services in the country, according to two official sources. Adani Group entered the telecom sector after buying spectrum in the recent auction. “Adani Data Networks has been granted UL (AS),” an official source said. Another […]
When everyone is slowing, India in relatively bright spot than others: IMF
WASHINGTON: When everyone is slowing down in terms of economic growth, India has not remained unimpacted, but is doing better and is in a relatively bright spot compared to other countries, a top International Monetary Fund (IMF) official said on Tuesday. Just look at the global conjuncture right now, which is the overarching problem, IMF […]
Aware of “Lakshman Rekha” but will examine demonetisation: Supreme Court
NEW DELHI: The Supreme Court said on Wednesday it is aware of the “Lakshman Rekha” on judicial review of government policy decisions but will have to examine the 2016 demonetisation decision to decide whether the issue has become a mere “academic” exercise. A five-judge bench headed by Justice S A Nazeer said when an issue […]
Karnataka eyes Rs 5 trillion investment at Global Investor Meet next month
NEW DELHI: The Karnataka government expects over Rs 5 lakh crore investment during the Global Investors Meet 2022 to be held next month in Bengaluru, state’s large and medium industries minister Murugesh R Nirani said on Tuesday. The global investors meet is scheduled on November 2-4 after a hiatus of six years. “The state is […]
US Treasury Secretary Janet Yellen to travel to India
WASHINGTON: US Treasury Secretary Janet Yellen here on Tuesday announced to travel to India next month to attend the ninth edition of US India Economic and Financial Partnership, asserting that the US-India relationship is critical to addressing the world’s most important global economic challenges. I am glad to announce today that in November ahead of […]
Tata Group has no plans to enter 5G consumer space, says N Chandrasekaran
NEW DELHI: Tata Sons Chairman N Chandrasekaran on Tuesday said the conglomerate does not have any plans to have a 5G offering for consumers. He said the group, which exited its consumer-facing telecom service due to losses a few years ago, has concentrated its efforts on building modern technology infrastructure for 4G and 5G and […]
TCS launches solution to help central banks
NEW DELHI: Tata Consultancy Services (TCS) has announced that it has enhanced its award-winning Quartz solution to enable central and commercial banks to support the entire lifecycle of Central Bank Digital Currency (CBDC) issuance, book-keeping and transactions. The digital equivalent of government-issued bank notes, a CBDC can help a central bank move towards a globalized, […]
Google takes on lease 464,000 sq ft space at Adani data centre in Noida
NEW DELHI: Adani Enterprises has given on lease 4.64 lakh square feet of space at its data centre in Noida to Raiden Infotech, an entity of Google, for Rs 11 crore monthly rent, according to documents accessed by CRE Matrix. The documents, accessed by the data analytics firm, showed that D C Development Noida Ltd, […]
Infosys says Ravi Kumar S resigns
NEW DELHI: IT services major Infosys on Tuesday said its president Ravi Kumar S has resigned from his post. The company did not give any reason for the move which comes just days ahead of its second quarter earnings announcement. “The board of directors placed on record their deep sense of appreciation for the services […]
Suzlon secures 144.9 MW wind power order from Aditya Birla Group
NEW DELHI: Suzlon Group on Tuesday announced that it has bagged an order for the development of 144.9 MW of wind power projects for Aditya Birla Group. “Suzlon Group, which has India’s largest wind energy installed base, today announced its new order win for the development of 144.9 MW wind power projects for the Aditya […]
Marksans Pharma to acquire Tevapharm’s bulk formulations business
NEW DELHI: Drug firm Marksans Pharma on Tuesday said it has inked a pact with Tevapharm India to acquire its Goa-based bulk pharmaceutical formulations business. The company has entered into a business transfer agreement with Tevapharm to acquire its business relating to the manufacture and supply of bulk pharmaceutical formulations as a going concern on […]
Apartments sales in 7 cities at 161,604 units in January-September; highest since 2015
NEW DELHI: Sales of only apartments in January-September this year across seven cities stood at 1,61,604 units, surpassing the annual numbers achieved in the last seven years, according to JLL India. Property consultant JLL India on Tuesday released the residential sales data of Delhi-NCR, Mumbai, Pune, Kolkata, Bengaluru, Hyderabad, and Chennai markets. The data includes […]