India’s Finance Minister to leave for US on Tuesday to attend IMF, World Bank meetings
NEW DELHI: India’s Finance & Corporate Affairs Smt. Nirmala Sitharaman will be traveling to the USA on an official visit beginning October 11, 2022. During her visit, Sitharaman will be attending the Annual Meetings of the International Monetary Fund (IMF) and the World Bank, the G20 Finance Ministers and Central Bank Governor (FMCBG) Meetings. The […]
India’s space economy expected to be worth $12.8 billion by 2025: Report
NEW DELHI: India’s space economy is likely to be worth nearly USD 13 billion by 2025, with the satellite launch services segment set to witness the fastest growth spurred by increasing private participation, according to a report released on Monday. The growing demand for smaller satellites is set to boost satellite manufacturing in the country […]
Bank of Maharashtra raises lending rate by 20 bps; EMIs to become costlier
NEW DELHI: State-owned Bank of Maharashtra (BoM) on Monday raised the marginal cost of funds-based lending rates (MCLR) by 0.20 per cent or 20 basis points across tenors. The revision will make loans linked to MCLR benchmark costlier. The benchmark one-year MCLR will be 7.80 per cent from Monday, as against 7.60 per cent. The […]
CBI arrests Hyderabad-based businessman in Delhi excise policy case
NEW DELHI: The CBI has arrested a Hyderabad-based businessman in connection with the alleged Delhi excise policy scam in which Deputy Chief Minister Manish Sisodia is also an accused, officials said on Monday. Abhishek Boinpally, who was allegedly lobbying for certain liquor businessmen based in southern India, was called for questioning on Sunday. The agency […]
India, Taiwan should consider finalising FTA very soon: Taiwanese Envoy
NEW DELHI: India and Taiwan should firm up the proposed free trade agreement (FTA) at the earliest as it will remove all barriers to trade and investment and help create a resilient supply chain, Taipei’s de-facto Ambassador Baushuan Ger said. The Taiwanese representative said Taiwan is keen to share its expertise with India in critical […]
Road and highways sector has maximum number of delayed projects: Report
NEW DELHI: The road transport and highways sector has the maximum number of delayed projects at 248, followed by railways at 116 and petroleum sector at 88, showed a government report. In the road transport and highways sector, 248 projects are delayed with respect to their original schedule out of the 831 monitored, as per […]
Andersen Global sees extraordinary mkt opportunities in India: CEO Vorsatz
NEW DELHI: Tax firm Andersen Global sees ‘extraordinary’ market opportunities in India and will continue to add quality manpower and focus on training, its Chairman and CEO Mark L Vorsatz said. The global tax firm is looking to expand its practice in Japan and China and also offer its tax and legal services in several […]
Direct tax collection jumps 24% in first half of FY23
NEW DELHI: Gross collection of tax on corporate and individual earnings jumped nearly 24 per cent so far in the current fiscal year that started on April 1, the tax department said on Sunday. The gross collection of taxes on corporate earnings rose 16.74 per cent during April 1 to October 8, while personal income […]
SBI lines up NPAs over Rs 746 crore including Sintex BAPL for sale in October-November
NEW DELHI: The State Bank of India (SBI) has lined up various non-performing assets up for sale this month and the next, including the fraud account of Sintex BAPL, to recover over Rs 746 crore. In an auction scheduled for November 4, SBI will put up NPAs for sale to asset reconstruction companies (ARCs)/ financial […]
Nitin Gadkari announces projects worth Rs 7,000 crore for Uttar Pradesh
NEW DELHI: Union Road Transport and Highways Minister Nitin Gadkari on Saturday announced projects worth Rs 7,000 crore for Uttar Pradesh and said that by 2024, the road infrastructure of the state will be at par with that of the US. After the inauguration of the 81st session of the Indian Road Congress (IRC), Gadkari […]
G-20 summit 2023: Delhi civic body begins beautification of over 370 places
NEW DELHI: Over 370 public places in Delhi have been identified for beautification in view of the G-20 summit next year, civic officials said on Saturday. The Municipal Corporation of Delhi has earmarked 375 public places for planting exotic flowering species, including gazania and pansy, in all its 12 zones, it said in a statement. […]
Be it Adani, Ambani or Jay Shah, we welcome all in Rajasthan: Ashok Gehlot
JAIPUR: Condemning the BJP for mocking the Congress after he lavished praise on industrialist Gautam Adani during the Invest Rajasthan summit, Chief Minister Ashok Gehlot on Saturday said it was not a private programme and 3,000 delegates attended it. Be it Adani or Union Home Minister Amit Shah’s son Jay Shah, Rajasthan will welcome all […]
HCLTech to hire 1,300 people in Mexico over next 2 years, to open 6th centre
NEW DELHI: HCLTech, a leading global technology company, today announced expansion plans in Mexico at its 14-year anniversary celebration in Guadalajara. The company expects to hire 1,300 people in the next two years to strengthen its current employee base of 2,400 people in the country. HCLTech, a certified top employer in Mexico, will also be […]
Rajasthan government hasn’t given any preferential treatment to Adani: Rahul Gandhi
TURUVEKERE: A day after Gautam Adani pledged huge investments in Rajasthan, Rahul Gandhi said on Saturday the Congress government in the state has not given any preferential treatment to the industrialist and asserted that he is not against corporates but monopolies. Addressing a press conference here, Gandhi also said if the Rajasthan government gives business […]
Yogi Adityanath invites Tata group to participate in investor summit
NEW DELHI: Uttar Pradesh Chief Minister Yogi Adityanath on Friday invited Tata group to participate in the Global Investors Summit slated for February next year while highlighting the environment created by the state for attracting investment. According to an official release, the chairman of industrial group Tata Sons, N. Chandrasekaran made a courtesy call on […]
PNB Housing Finance appoints Vinay Gupta as CFO, to succeed Kapish Jain
NEW DELHI: PNB Housing Finance on Friday announced the appointment of Vinay Gupta as the Chief Financial Officer. The appointment will be effective from October 26, it said in a regulatory filing. Gupta’s appointment follows the resignation of Kapish Jain as the CFO in April this year. The interim CFO Kaushal Mithani had resigned in […]