Tata Consultancy Services to invest Rs 690 crore in Innovation Park in Kochi
NEW DELHI: In a big boost to the Kerala government’s bid to attract investment, leading IT services provider Tata Consultancy Services (TCS) has agreed to invest Rs 690 crore to set up an Innovation Park in Kochi. The state government has allotted 36.84 acres of land to TCS Ltd for setting up a unit for […]
India’s forex reserves down by USD 1.34 billion to USD 641.113 billion
NEW DELHI: After reaching a record high in the previous week, the country’s foreign exchange reserves declined by USD 1.34 billion to USD 641.113 billion in the week ended September 10, 2021, according to RBI data. In the previous week ended September 3, the reserves had surged by USD 8.895 billion to a life time […]
Apple to bring iPhone 13 lineup to India from September 24 with prices starting at Rs 69,900
NEW DELHI: Apple enthusiasts will be able to get their hands on the latest line-up of iPhones — iPhone 13, iPhone 13 mini, iPhone 13 Pro and iPhone 13 Pro Max — with prices starting at Rs 69,900 onwards later this month. “Customers in Australia, Canada, China, Germany, India, Japan, the UK, the US, and […]
SpiceJet to start 38 new flights during September 15-25
NEW DELHI: SpiceJet will start 38 new domestic and international flights during September 15-25, the airline said on Wednesday. In a statement, SpiceJet said it has launched flights on the Delhi-Surat-Delhi, Bengaluru-Varanasi-Bengaluru, Mumbai-Jaipur-Mumbai, Mumbai-Jharsuguda-Mumbai, Chennai-Pune-Chennai, Chennai-Jaipur-Chennai and the Chennai-Varanasi-Chennai routes. The airline said it will resume flights to and from Dubai, connecting it with Mumbai, […]
India allows 100 per cent FDI through automatic route in telecom reforms
NEW DELHI: In big bang reforms, the Union Cabinet on Wednesday approved a relief package for the telecom sector that includes a four-year moratorium on payment of statutory dues by telecom companies as well as allowing 100 per cent foreign investment through the automatic route. Briefing reporters on the decisions taken by the Cabinet, Telecom […]
Infosys, Microsoft ink multi-year deal with Ausgrid
NEW DELHI: Infosys, a global leader in next-generation digital services and consulting and Microsoft have entered into a multi-year strategic engagement with Ausgrid, the largest distributor of electricity on Australia’s east coast, to accelerate its cloud transformation journey and establish Ausgrid as a leading digital utility. This program will further Ausgrid’s vision to connect communities […]
Ola e-scooter factory to be largest all-women plant globally: Bhavish Aggarwal
NEW DELHI: Ola co-founder Bhavish Aggarwal on Monday said its electric scooter factory will be run entirely by women and employ over 10,000 women at full scale. “Aatmanirbhar Bharat requires Aatmanirbhar women! Proud to share that the Ola Futurefactory will be run ENTIRELY by women, 10,000+ at full scale! It’ll be the largest all-women factory […]
India to get 3rd set of Swiss bank details;real estate properties information included
NEW DELHI: India will get this month the third set of Swiss bank account details of its nationals under an automatic exchange of information pact with Switzerland and this will include for the first time the data about real estate properties owned by Indians there, officials said on Sunday. Marking a key milestone in the […]
Haryana government orders judicial probe into August 28 incident, farmers call off Karnal sit-in
CHANDIGARH: The Haryana government on Saturday ordered a judicial probe into last month’s clash between farmers and police and sent the IAS officer who is at the centre of a row over his remarks on leave. Following this, farmers called off their sit-in outside the Karnal district headquarters. Haryana Additional Chief Secretary Devender Singh said […]
Gujarat chief minister resigns; Congress says onus of Rupani’s failure on PM Modi
AHMEDABAD: Gujarat Chief Minister Vijay Rupani on Saturday resigned from the post, his sudden announcement coming over a year before the state goes to polls. It is not clear what prompted the development in Prime Minister Narendra Modi’s home state where elections to the 182-member Assembly are due in December 2022. Rupani (65), the fourth […]
Adobe appoints Prativa Mohapatra as Managing Director of India Business
NEW DELHI: Adobe has announced the appointment of Prativa Mohapatra as Vice President and Managing Director for Adobe India. In this role, Prativa will lead Adobe’s India business across Adobe Experience Cloud, Adobe Creative Cloud and Adobe Document Cloud, reporting to Simon Tate, Adobe’s President for Asia Pacific (APAC). Adobe’sstrategy for unleashing creativity, accelerating document […]
Forex reserves rise $8.895 billion to record high of $642.453 billion
NEW DELHI: The country’s foreign exchange reserves increased by USD 8.895 billion to reach a record high of USD 642.453 billion in the week ended September 3, RBI data showed. In the previous week ended August 27, the reserves had surged USD 16.663 billion to USD 633.558 billion, mainly due to a rise in Special […]
Ford’s manufacturing decision won’t reflect on Indian businesses: Report
NEW DELHI: A day after US auto major Ford made the surprise announcement of stopping vehicle manufacturing in India, a senior government source on Friday said the decision in no way reflects on the business environment in the country and is rather linked to operational issues. The source, a senior functionary in the government who […]
Modi government clears procurement of 56 transport aircraft for Indian Air Force
NEW DELHI: In a major decision, the Narendra Modi government-led Cabinet Committee on Security on Wednesday approved the procurement of 56 C-295 medium transport aircraft for the Indian Air Force (IAF) to replace its ageing Avro planes which were first inducted around 60 years ago. Sixteen aircraft will be delivered in a flyaway condition by […]
Supreme Court asks Amrapali home buyers to clear their dues as per payment plan
NEW DELHI: The Supreme Court on Friday warned that the flat buyers of Amrapali Group who are not clearing their dues as per the payment plan should not be in any kind of delusion as their units can be cancelled and will be considered as unsold inventory. A special bench of Justice U U Lalit […]
Karnataka cabinet decides to ban online gambling
BENGALURU: The Karnataka Cabinet on Saturday decided to impose a ban on online gambling or betting. However, lottery and horse racing have not been prohibited. “We are amending the Karnataka Police Act, with an intention to put an end to online gambling, on the basis of the High Court directions. The cabinet has approved the […]