Month: February 2023

Nine Adani firms end lower; group’s combined market capitalisation falls to Rs 6.81 trillion

NEW DELHI: Stocks of nine out of ten listed firms of the Adani Group closed in the red on Monday, with the flagship Adani Enterprises tumbling over 9 per cent as investors continued to desert the counters. The conglomerate, whose business interests span from sea-ports to airports, edible oil and commodities, energy, and cement to […]

Gautam Adani isn’t the only Indian tycoon in trouble. Look at Vedanta

By Andy Mukherjee | Bloomberg NEW DELHI: Highly leveraged Indian tycoons are having a rough time. Gautam Adani’s $236 billion infrastructure empire has shrunk by more than three-fifths in a month. But while his relentless rise and spectacular fall hog headlines, a smaller storm may be brewing for another well-known magnate. Anil Agarwal’s once-London-listed Vedanta […]

I will get personally involved: German Chancellor on India-EU FTA

NEW DELHI: German Chancellor Olaf Scholz on Saturday underlined the importance of the proposed free trade agreement (FTA) between India and the European Union for boosting two-way trade and said he will personally get involved to see its early fruition. After holding wide-ranging talks with Prime Minister Narendra Modi, Scholz said the finalisation of the […]

Narendra Modi reviews 9 infrastructure projects worth over Rs 41,500 crore

NEW DELHI: Prime Minister Narendra Modi chaired the meeting of 41st edition of PRAGATI, the ICT based multi-modal platform for Pro-Active Governance and Timely Implementation, involving Centre and State governments, earlier today. In the meeting, nine key infrastructure projects were reviewed. Among the nine projects, three projects were from the Ministry of Road Transport & […]

Japan to give Ukraine $5.5 billion, host online G-7 plus Volodymyr Zelenskyy

TOKYO: Japan’s Prime Minister Fumio Kishida on Monday announced a new $5.5 billion financial aid for Ukraine and will mark the first anniversary of the war by hosting an online Group of Seven summit with Ukrainian President Volodymyr Zelenskyy. Kishida, speaking at a global forum in Tokyo organised by a Japanese think tank, said Ukraine […]

Jagdish Capoor appointed chairman of West End Housing Finance

NEW DELHI: Mumbai-based affordable housing finance company, West End Housing Finance Ltd., has appointed reputed banker Mr. Jagdish Capoor as its Chairman. The appointment was made by the board at its meeting held in Mumbai on the 10th of February, 2023. Capoor has had an illustrious career in the finance sector, having served as the […]

Hindustan Aeronautics Limited has order book of Rs 84,000 crore, another Rs 50,000 crore in pipeline: CMD

NEW DELHI: The Hindustan Aeronautics Limited (HAL) has an order book position of Rs 84,000 crore and another Rs 50,000 crore worth of orders are in the pipeline, its Chairman and Managing Director C B Ananthakrishnan said on Tuesday. He also said Argentina and Egypt have evinced interest in buying the HAL-built Light Combat Aircraft […]

Congress takes dig at Narendra Modi over Aero India, accuses him of taking credit for event started in 1996

NEW DELHI: Taking a swipe at Prime Minister Narendra Modi, the Congress on Monday said ”the man in fancy dress” has claimed credit for Aero India when the truth is that it started in 1996 and is held in Bengaluru because of the presence of organisations there tracing their origins to the Nehruvian era. The […]

India’s Defence Secretary meets delegations from Saudi Arabia, USA and Oman

NEW DELHI: India’s Defence Secretary Giridhar Aramane held bilateral meetings on 12 February 2023 with three defence delegations on the sidelines of Aero India 2023 at Bengaluru. Defence Secretary met Engr Turki Saad, General Manager Industrial Relations, Kingdom of Saudi Arabia, and discussed a number of bilateral defence cooperation issues. A US delegation led by […]

Narendra Modi inaugurates Aero India 2023 in India’s Bengaluru

NEW DELHI: Prime Minister Narendra Modi inaugurated the 14th edition of Asia’s biggest aero show – Aero India 2023 – at Air Force Station, Yelahanka in Bengaluru on February 13, 2023. A commemorative stamp was also released by the Prime Minister on the occasion. The five-day event, on the theme ‘The runway to a billion […]

Narendra Modi dedicates to the nation Delhi – Dausa – Lalsot section of Delhi Mumbai Expressway

NEW DELHI: The Prime Minister, Narendra Modi dedicated to the nation, the 246 km Delhi – Dausa – Lalsot section of the Delhi Mumbai Expressway today. He also laid the foundation stone for 247 kilometres of National Highway projects to be developed at a cost of more than Rs 5940 crore. The Prime Minister’s emphasis […]

Congress poses series of questions to Narendra Modi government on Adani issue

NEW DELHI: Congress asked the Narendra Modi government on Saturday if it is prudent from a national security perspective for a firm facing serious accusations of money laundering to be allowed to dominate a strategic sector like ports. Congress general secretary Jairam Ramesh, in his series of “Hum Adanike Hain Kaun” questions to Prime Minister […]

In India’s well-being lies world prosperity: Narendra Modi at investors’ summit

NEW DELHI: Prime Minister Narendra Modi said the guarantee to world’s prosperity lies with India, as he pitched Uttar Pradesh as a major destination for foreign investment. Welcoming foreign delegates and Indian industry leaders to the three-day Uttar Pradesh Global Investors Summit, Modi linked the world’s economic well-being to that of India. The world’s prosperity […]

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