JK Cement lays foundation stone of its upcoming grinding unit in Madhya Pradesh
NEW DELHI: JK Cement Ltd said that it has laid the foundation stone of its greenfield Grinding Unit in Madhya Pradesh’s Ujjain District. The ceremony was presided over by Dr. Raghavpat Singhania, Managing Director – JK Cement Ltd., Dy. MD & CEO Madhavkrishna Singhania and the Senior leadership team. Construction and installation activities have begun […]
Mumbai-Nagpur Samruddhi Expressway a game-changer project: Eknath Shinde
NAGPUR: Maharashtra Chief Minister Eknath Shinde on Sunday said the Mumbai-Nagpur Samruddhi Expressway will be a game changer project, which will bring the two cities closer and increase trade. Deputy Chief Minister Devendra Fadnavis had on Saturday announced that Nagpur to Shirdi stretch of the project will be inaugurated by Prime Minister Narendra Modi on […]
Godrej Properties adds 8 new projects worth Rs 16,500 cr so far in FY23
NEW DELHI: Enthused by strong housing demand, Godrej Properties is aggressively acquiring land for future development and has added eight new projects so far this fiscal with an estimated revenue potential of Rs 16,500 crore. With four months still left in 2022-23 financial year, Godrej Properties Executive Chairman Pirojsha Godrej is hopeful that the company […]
Abu Dhabi seeks Indian investments, invites start-ups to establish hubs
ABU DHABI: In its bid to diversify Abu Dhabi’s business activity beyond hydrocarbons, the UAE’s capital city is seeking more investments from India which will not only benefit the local economy but also allow Indian firms to use it as a platform to grow their footprints around the world. Abu Dhabi has identified priority sectors […]
Adani poised to be largest shareholder in NDTV as open offer subscribed 32%
NEW DELHI: Billionaire Gautam Adani’s group has found investors willing to sell over 53 lakh shares of NDTV despite the deep discount to the stock’s current trading price, giving it the rights – which it may or may not exercise – to nominate a chairman of the broadcaster. The open offer, made after Adani group […]
SRAM & MRAM to invest Rs 2 trillion in Odisha, set up semiconductor unit
BHUBANESWAR: United Kingdom-based SRAM & MRAM Group vice-chairman Gurujee Kumaran Swami on Saturday announced that the group will invest Rs 2 lakh crore in Odisha to set up semiconductor unit in the state. The announcement was made at the Make in Odisha (MIO) Conclave, 2022 here. Swami and the company’s Odisha in-charge Debadutta Singh Deo […]
Odisha bags investment proposals worth Rs 8.90 lakh crore so far in biz summit
BHUBANESWAR: The Odisha government said that it has bagged 325 investment proposals valued at over Rs 8.90 lakh crore till the fourth day of the ongoing business summit. Four new projects were inaugurated during the five-day ‘Make In Odisha Conclave 2022’ that began on November 30, and the groundbreaking of four others was also done, […]
Hyderabad well placed to become hub for 3D printing industry: K T Rama Rao
HYDERABAD: Hyderabad is uniquely positioned to emerge as a hub for the 3D printing industry with the presence of the relevant ecosystem and the state government’s push to emerging technologies, Telangana Industries Minister K T Rama Rao said on Friday. He was speaking at the inauguration of AMTECH Expo, which is said to be the […]
Assocham asks RBI to moderate rate hikes to avoid impact on recovery
NEW DELHI: Industry body Assocham on Friday asked the Reserve Bank, which has hiked the key policy rate by 190 basis points since May, to moderate the interest rate hikes so that it does not have adverse impact on nascent economic recovery. Reserve Bank of India (RBI) Governor Shaktikanta Das headed six-member rate setting panel […]
Uttar Pradesh becoming top choice of investors due to safe environment: Yogi Adityanath
MORADABAD: Chief Minister Yogi Adityanath on Friday claimed that under the BJP rule, Uttar Pradesh has transformed into a “safe” and “riot-free” state, and is set to become the first choice of investors. Addressing a ‘Prabuddha Jan Sammelan’ (meeting of intellectuals) here, Adityanath said Uttar Pradesh will soon turn into the country’s leading economy. “There […]
Godrej Properties acquires 18-acre land parcel in Mumbai
MUMBAI: Godrej Properties Ltd. (GPL), one of India’s leading real estate developers, today announced that it has, on an outright basis, acquired an ~18.6-acre land parcel in Kandivali, Mumbai. The project will have a developable potential of approximately 3.72 million square feet with an estimated revenue potential of approximately Rs 7,000 crore. The development will […]
Aparna Constructions launches 4 new residential projects with investment of 800 crore
NEW DELHI: Aparna Constructions and Estates Private Limited said that it has announced the launch of four new residential projects in Hyderabad with an investment of 800 crore. Located at Osman Nagar, Aparna CyberStar, Aparna CyberShine, Aparna CyberOn and Aparna CyberHeights are spread across 15+ Acres. With this announcement, Aparna Constructions has successfully launched 7 […]
Gujarat records 60 per cent turnout in Phase 1 covering 83 Assembly seats; Congress alleges booth capturing, bogus voting
AHMEDABAD: A moderate voter turnout of 60.23 per cent was recorded in the first phase of the Gujarat Assembly elections covering 89 seats across 19 districts of Saurashtra-Kutch and southern regions of the state on Thursday with the polling ending on by and large peaceful note, officials said. The electoral fate of 788 candidates who […]
Over Rs 1,45,000 crore gross GST revenue collected for November
NEW DELHI: The gross GST revenue collected in the month of November 2022 is Rs 1,45,867 crore of which CGST is Rs 25,681 crore, SGST is Rs 32,651 crore, IGST is Rs 77,103 crore (including Rs 38,635 crore collected on import of goods) and Cess is Rs 10,433 crore (including Rs 817 crore collected on […]
Sanjay Malhotra takes charge as Revenue Secretary in Finance Ministry
NEW DELHI: Senior bureaucrat Sanjay Malhotra on Thursday took charge as the secretary in Department of Revenue, Ministry of Finance. Malhotra replaced Tarun Bajaj, who superannuated on November 30. A 1990-batch IAS officer of the Rajasthan cadre, Malhotra was working as an officer on special duty (OSD) in the revenue department since October this year. […]
Farmers get Rs 1.25 trillion as claims till October 31 under Pradhan Mantri Fasal Bima Yojana since 2016
NEW DELHI: Farmers have been paid claims worth Rs 1,25,662 crore under the Pradhan Mantri Fasal Bima Yojana since its inception in 2016, the government said on Thursday. Crop insurance premium totalling Rs 25,186 crore have been paid by the farmers under the scheme till October 31, 2022. Under the Pradhan Mantri Fasal Bima Yojana […]