Tata Sons and Singapore Airlines to merge Air India and Vistara
NEW DELHI: In a major consolidation in the Indian aviation space, Tata group on Tuesday announced the merger of Vistara with Air India, and pursuant to the deal, Singapore Airlines will have a 25.1 per cent stake in Air India. The proposed deal is expected to be complete by March 2024, subject to regulatory approvals. […]
Tork Motors inaugurates first-ever experience centre in Pune
NEW DELHI: India’s first and fast-growing electric motorcycle manufacturer, Tork Motors today introduced its first-ever experience centre in India. The new centre will display the revolutionary KRATOS of all the available colours, along with multiple test-ride options. Located near Law College in Pune, the centre will cater to a growing customer base for unmatched sales […]
Adani Group bags Dharavi redevelop project with a Rs 5,069 crore bid
NEW DELHI: The Adani Group has emerged as the highest bidder for the 259-hectare Dharavi Redevelopment Project, a top official said on Tuesday. The group has put in a Rs 5,069 crore bid for the redevelopment of one of the largest slum sprawls in the world, outbidding DLF, which had quoted Rs 2,025 crore, chief […]
Naveen Patnaik inaugurates Happiest Minds Development Centre at Bhubaneswar
NEW DELHI: Happiest Minds Technologies Limited, a ‘Born Digital. Born Agile’, Mindful IT Company, announced the inauguration of a new Development Centre at Fortune Towers (5th Floor) in Bhubaneswar, taking forward its long-term investment plans for further expansion in the state in alignment with the Make in Odisha focus of the state government. Under the […]
Narendra Modi inaugurates first greenfield airport ‘Donyi Polo Airport in Arunachal Pradesh
NEW DELHI: Prime Minister of India Narendra Modi inaugurated Donyi Polo Airport, Itanagar and dedicated 600 MW Kameng Hydro Power Station to the nation today. The foundation stone for this airport was laid by the Prime Minister himself in February 2019. Work on the airport has been completed within a short span of time, despite […]
Nirmala Sitharaman to kick-start pre-Budget meetings from Monday
NEW DELHI: Finance Minister Nirmala Sitharaman will kick-start the customary pre-budget meetings beginning Monday with a special focus on issues concerning climate change and infrastructure. The minister would hold virtual meetings on November 21 in three groups with industry chambers, infrastructure sector and environment experts seeking suggestions for the 2023-24 Budget making from stakeholders. On […]
Demonetisation enforced after extensive talks with RBI: Modi government tells Supreme Court
NEW DELHI: The 2016 demonetisation was a “well-considered” decision and part of a larger strategy to combat the menace of fake money, terror financing, black money and tax evasion, the Union government has told the Supreme Court. Defending its decision to demonetise currency notes of Rs 500 and Rs 1,000 denominations, the Centre told the […]
Inflation, unemployment have broken backs of people, says Ashok Gehlot
JAIPUR: Rajasthan Chief Minister Ashok Gehlot on Thursday alleged that skyrocketing inflation and rising unemployment had broken the back of the people of India. Gehlot was addressing a public meeting in support of Anil Sharma, the Congress candidate in Sardarshahar where Assembly bypolls are to be held on December 5. Targeting the BJP-ruled central government, […]
Elon Musk says he was focused on reviving Tesla, defends $56 billion pay
Elon Musk said he was completely focused on Tesla in 2017 when the electric car maker was in “crisis,” in testimony on Wednesday to rebut claims that his $56 billion pay package was based on easy performance targets and approved by a compliant board of directors. Tesla shareholder Richard Tornetta sued Musk and the board […]
Blackstone’s Stephen Schwarzman says he won’t back Donald Trump in 2024
Blackstone Inc Chief Executive Stephen Schwarzman, who has been one of Wall Street’s biggest donors to Donald Trump’s election campaigns, said on Wednesday he will not back the former president in 2024. Trump announced he would run in the 2024 U.S. presidential election on Tuesday, launching an early bid to become the Republican nominee in […]
M3M enters Noida property market, to invest Rs 2,400 crore in mixed-use project
NEW DELHI: Realty firm M3M India has bagged a 13-acre land parcel in Noida through e-auctions and plans to invest around Rs 2,400 crore to develop a mixed-use project, its director Pankaj Bansal said on Wednesday. M3M India, which has a major presence in Gurugram, will be foraying into Noida property market through this project. […]
Orchid Pharma Q2 EBIDTA rises 104%, revenue up 36% on increasing sales
NEW DELHI: Orchid Pharma today announced their Q2’22 results. Fuelled by increasing sales and a laser sharp focus on costs, Orchid Pharma reported a 36% surge in total revenue from operations while the EBIDTA has jumped by 104% over the quarter ending September 2021. Dhanuka Group, through its pharmaceutical arm, Dhanuka Laboratories Ltd, had taken […]
Aurobindo Pharma receives EIR from USFDA for its Andhra Pradesh facility
NEW DELHI: Aurobindo Pharma Ltd on Wednesday said it has received an Establishment Inspection Report (EIR) from the US health regulator for its manufacturing facility at Pydibhimavaram in Andhra Pradesh. The company’s Unit XI at Pydibhimavaram is an API non-antibiotic manufacturing facility. It was inspected by the US Food and Drug Administration (USFDA) in February […]
Ashok Gehlot asks officials to ensure timely supply of fertilisers to farmers
JAIPUR: Rajasthan Chief Minister Ashok Gehlot on Monday directed officials to ensure time-bound supply and distribution of DAP and urea to farmers for sowing rabi crops, according to an official release. Gehlot issued the directions at a meeting held to review the supply of fertilisers and electricity. The chief minister asked officials to make sure […]
India reviews progress of National Monetisation Pipeline
NEW DELHI: India’s Finance Minister Nirmala Sitharaman on Monday reviewed the progress of the National Monetisation Pipeline (NMP) in a meeting here with top officials from various ministries and NITI Aayog. The finance minister in August last year had announced a Rs 6 lakh crore NMP aimed to unlock value in infrastructure assets across sectors […]
Noida airport: Proposal for second phase land acquisition sent to Uttar Pradesh government
NOIDA: The Gautam Buddh Nagar administration has sent a proposal to the Uttar Pradesh government for the acquisition of land for the second phase of the Noida International Airport in Jewar, officials said Monday. The second phase of the greenfield airport is planned in an area of 1,365 hectares, of which around 1,185 hectares are […]