Air India back under Tatas wings
NEW DELHI: Salt-to-software conglomerate Tata Group on Thursday took over Air India and vowed to turn the loss-making carrier, it had founded but had lost control nearly seven decades back, into a world-class airline. N Chandrasekaran, Chairman of Tata Sons, which in October last year beat a consortium led by rival SpiceJet promoter to win […]
Global pharmas misleading Indian consumers in guise of Green Light
By Khalid Raza Khan At a time while the nation feels pride in India earning global trust in the healthcare sector, which had led to the country being called the world’s pharmacy, at a time when the global human race was on threat and looking towards India with a great hope which was earnestly fulfilled […]
Naina Lal Kidwai resigns from Cipla board
NEW DELHI :Drug major Cipla on Wednesday said Naina Lal Kidwai has resigned as independent director on its board, with effect from March 31, 2022. In a letter shared by the Mumbai-based drug firm, the veteran banker noted that she has put in her papers to fulfil several other responsibilities and professional commitments. “I further […]
Elan Group acquires 40-acre land in Gurugram for Rs 580 crore from Indiabulls
NEW DELHI: In a big-ticket land deal, Elan Group has bought around 40-acre land in Gurugram for Rs 580 crore from Indiabulls Real Estate to develop housing and commercial projects. With the purchase of this land parcel, located on Dwarka Expressway, Elan Group will make an entry into the housing segment with the total development […]
STL wins Rs 170 crore deal from PGCIL
NEW DELHI: STL, an industry-leading integrator of digital networks, announced a partnership with India’s largest power distribution company, Power Grid Corporation of India Limited (PGCIL). Through this collaboration, STL will fulfil PGCIL’s requirement for high performance, integrated network management systems across their regional communications networks. With this multi-year deal worth Rs 170 crore STL further […]
Aparna Constructions launches Aparna Zenon in Puppalaguda, invests Rs 2550 crores into project
NEW DELHI: Aparna Constructions and Estates Private Limited has announced that they are launching their 60th residential project – Aparna Zenon, a gated community located at Puppalaguda, Nanakramguda, Telangana. With an estimated 2550Crores infused into this project, AparnaZenon is one of the much awaited upcoming projects from the brand. Situated in Puppalaguda, Nanakramguda, a bustling […]
India engineering goods exports jump to $82 billion during April-December 2021
NEW DELHI: Exports of Engineering Goods jumped to USD 81.8 billion during April-December 2021 (Provisional) as compared to USD 52.9 billion during same period in the previous year (2020), registering a stupendous growth of 54%. Engineering Goods sector constitutes the largest, more than 27%, share of India’s total exports basket during the period. As compared […]
India releases 2nd volume of vision document on electronics manufacturing
NEW DELHI: Ministry of Electronics and Information Technology, in association with ICEA, released a 5-year roadmap and Vision Document for the electronics sector today, titled “$300 billion Sustainable Electronics Manufacturing & Exports by 2026.” This roadmap is the second volume of a two-part Vision Document – the first of which titled “Increasing India’s Electronics Exports […]
Tata Technologies plans to hire 3,000 innovators in next 12 months
NEW DELHI: Global engineering and product development digital services firm Tata Technologies on Monday said it will hire over 3,000 innovators over the next 12 months under its expanded talent acquisition programme. The company plans to ramp up its workforce in all major markets globally and India, which includes Maharashtra, Karnataka, Tamil Nadu, among others, […]
Ola Electric raises USD 200 million in funding at a valuation of USD 5 billion
NEW DELHI: Ola Electric on Monday said it has raised over USD 200 million (about Rs 1,490.5 crore) from Tekne Private Ventures, Alpine Opportunity Fund, Edelweiss and others, valuing the electric vehicle maker at USD 5 billion. In September last year, Ola Electric had announced raising a similar amount in funding from Falcon Edge, Softbank […]
eWheelers Mobility Opens New EV Fulfillment Centre in Bangalore
Bangalore: eWheelers Mobility, the largest marketplace for electric vehicles in India, has accelerated its journey towards EVs by unveiling a new EV Fulfillment Centre in Bangalore. The Fulfillment Centre is located at VGP Layout road, Kudlu, and is well equipped. The eWheelers EV Fulfillment Centre makes it easier for electric vehicle manufacturers to overcome the […]
Public wifi hotspots can generate 20-30 million jobs this year
NEW DELHI: Setting up of 1 crore public wifi hotspots across the country by this year as envisaged under the present telecom policy has the potential to create 2-3 crore job opportunities, a senior government official said on Saturday. Telecom Secretary K Rajaraman while speaking at Broadband India Forum (BIF) event called upon wifi equipment […]
India’s forex reserves up by $2.229 billion to $634.965 billion
NEW DELHI: The country’s foreign exchange reserves grew by USD 2.229 billion to USD 634.965 billion in the week ended January 14, Reserve Bank of India (RBI) data showed. In the previous week ended January 7, the reserves had declined by USD 878 million to USD 632.736 billion. It touched a lifetime high of USD […]
There will be fair inquiry into alleged governance issues at PFS: Promoter
NEW DELHI: PTC India Chairman and Managing Director Rajib K Mishra on Friday said there will be a fair inquiry into alleged corporate governance issues at its subsidiary PFS where all independent directors resigned enmasse over the issues. In an unusual development, all three independent directors of PTC India Financial Services (PFS), which is a […]
India no longer signs FTAs just to be part of a group: Piyush Goyal
NEW DELHI: India is no longer signing free trade agreements (FTAs) just to join a group and instead it is looking at reciprocal access, good market conditions, and fair play in trade in both goods and services, Commerce and Industry Minister Piyush Goyal said on Friday. However, he added that FTA is a two-way traffic […]
FRL independent directors ask Amazon to confirm Rs 3,500 crore infusion by Saturday
NEW DELHI: Independent directors of Future Retail Ltd (FRL) have asked Amazon to confirm by Saturday that it will infuse Rs 3,500 crore into the cash-strapped retailer in order to repay FRL’s lenders by January 29, 2022, according to sources. Responding to Amazon’s letter, the independent directors of FRL said while they are willing to […]