APSEZ forms JV with Gadot Chemical Terminals in Israel to buy Haifa Port
NEW DELHI: Adani Ports and Special Economic Zone (APSEZ) on Monday announced the setting up of a joint venture company with Gadot Chemical Terminals Ltd in Israel. “The company has incorporated a joint venture company with Gadot Chemical Terminals (1985) Ltd in Israel namely ‘Mediterranean International Ports A.D.G.D Ltd’ on November 13, 2022,” APSEZ said […]
GMR Airports Infra posts Rs 546 crore Q2 standalone loss on higher expenses
NEW DELHI: GMR Airports Infrastructure on Monday posted a standalone comprehensive loss of Rs 546.14 crore in the September quarter, mainly due to higher expenses. The company had a total comprehensive income of Rs 405.16 crore in the same period a year ago, according to a regulatory filing. These figures include net loss on fair […]
World population hits 8 billion, grows 1 billion in just 12 years
UNITED NATIONS: In a milestone for humanity, the global population hit 8 billion on Tuesday after having added a billion people in the last 12 years, with India on the cusp of overtaking China as the world’s most populous country next year. The United Nations said the global milestone signals major improvements in public health […]
Godrej Properties achieves sales of Rs 500 crore in Pune project launch
NEW DELHI: Godrej Properties said that it has achieved sales worth INR 500 crore through the launch of its new project, Godrej Woodsville in Hinjewadi, Pune. The company, till date has sold 675+ homes accounting for an area of over 6.90 lakh square feet for the project launched in September 2022. Mohit Malhotra, MD & […]
Supreme Universal launches luxury residential project -uber luxurious villas and townhouses in Pune
NEW DELHI: Maharashtra-based real estate company Supreme Universal said that it has launched its highly-awaited luxury residential project – Supreme Villagio, at Somatane, Pune. The project is home to exclusive townhouses and villas in one of Pune’s most green neighborhoods, close to key locations such as Baner, PCMC, Hinjewadi and Talegaon MIDC. The ease of accessibility […]
Delhi excise policy case: ED arrests AAP in-charge, Hyderabad businessman
NEW DELHI: The ED has arrested Aam Aadmi Party (AAP) communication in-charge Vijay Nair and businessman Abhishek Boinpally in connection with its ongoing money laundering probe into the Delhi Excise policy that was scraped following corruption allegations, official sources said Monday. The two are currently in judicial custody and lodged in jail here after the […]
Apple rolls out beta programme for iPhones to enable 5G services
NEW DELHI: Apple Inc has rolled out a beta programme to enable 5G on Apple devices as the upgrade lets users try out pre-release software. This software upgrade enables 5G access on Apple devices, as and when service providers Jio, Airtel and Vodafone enable 5G network access, sources said. Apple Users have to enrol […]
Indian economy fast-paced under PM Narendra Modi’s rule, says Amit Shah
CHENNAI: Union Home Minister Amit Shah on Saturday said the country witnessed fast-paced economic growth under the leadership of Prime Minister Narendra Modi and would achieve the USD 5-trillion economy goal by 2025. He said welfare schemes announced by the NDA government, including PM Awas Yojana for housing, and Swacch Bharat Abhiyan for construction of […]
Godrej Properties highest bidder for Noida land parcels with Rs 377 crore bid
NEW DELHI: Realty firm Godrej Properties Ltd on Saturday said it has been declared as the highest bidder for two adjacent land parcels in Noida with a bid of Rs 377 crore. The company said in a regulatory filing that it has been declared as highest bidder as per the e-tendering portal of SBI, which […]
Sembcorp to acquire Vector Green for Rs 2,780 crore
NEW DELHI: Sembcorp Industries will acquire Vector Green Energy for Rs 2,780 crore to expand its renewable energy footprint in India to 3 gigawatts (GW), the company said on Sunday. The completion of the acquisition will bring the Singapore-based group’s gross renewable energy capacity to 8.5 GW, closer to its 2025 target of 10 GW […]
Revised combination assessment timelines under competition law soon: MCA
NEW DELHI: The revised timelines proposed in the competition law will help in making the assessment of combinations swift and time-bound as well as provide certainty to businesses, according to the Ministry of Corporate Affairs (MCA). A bill to amend the Competition Act is now being examined by the Parliamentary Standing Committee on Finance. One […]
Narendra Modi government approved Rs 2 trillion for development projects in Maharashtra
NAGPUR: Maharashtra Chief Minister Eknath Shinde on Saturday said the Centre has approved Rs 2 lakh crore for 225 development projects in the state. He dismissed allegations that the state lost out the race to bag another project. Shiv Sena (Uddhav Balasaheb Thackeray) leader Aaditya Thackeray alleged that Maharashtra lost five projects due to the […]
Narendra Modi launches infra projects worth Rs 15,233 crore in Andhra Pradesh
VISAKHAPATNAM: Prime Minister Narendra Modi on Saturday dedicated to the nation the Rs 2,917 crore U-field Onshore Deepwater Block project of ONGC in Andhra Pradesh. It is the deepest gas discovery project with a production potential of about three million metric standard cubic metres per day (MMSCMD). On the second day of his two-day tour […]
India to be one of top three economic powers in next 10-15 years: Nirmala Sitharaman
NEW DELHI: India has emerged as one of the fastest-growing major economies in the world and is expected to be one of the top three economic powers globally over the next 10-15 years, Finance Minister Nirmala Sitharaman said on Friday. Speaking at the US-India Businesses and Investment Opportunities event here, Sitharaman said, the global economic […]
Jagan Mohan Reddy inaugurates ITC’s global spices processing facility in Palnadu district
AMARAVATI: Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy on Friday inaugurated ITC’s global spices processing facility at the Spices Park at Yedlapadu in Palnadu district. The state-of-the-art Rs 200 crore facility will have a capacity to process 20,400 tonnes of spices like turmeric, chilli and blended spices annually in the first phase. Speaking […]
India inaugurates swanky Terminal-2 of Kempegowda International Airport
NEW DELHI: India’s Prime Minister Narendra Modi inaugurated Terminal 2 of Kempegowda International Airport at Bengaluru. The Prime Minister also interacted with airport authorities where he was briefed on the model of the Terminal 2 building. The Prime Minister also inspected the facilities at the experience centre and took a walkthrough of Terminal 2 of […]