Author: By NBM Team

McDonald’s plans Rs 100 crore investment to open 30 outlets this fiscal

NEW DELHI: Westlife Development, which operates McDonald’s restaurants in southern and western region in India, plans to invest Rs 100 crore to open up to 30 outlets of the quick service restaurant brand in the current financial year. The company, which now witnesses more than half of its sales from convenience channels such as delivery, […]

Macrotech to invest Rs 2,800 crore in FY22 on construction of realty units

NEW DELHI: Realty firm Macrotech Developers will double its investment on construction to Rs 2,800 crore in this fiscal to speed up works at various projects which were hampered last year due to the COVID-19 pandemic and a nationwide lockdown. Mumbai-based Macrotech Developer, earlier known as Lodha Developers, is one of the leading real estate […]

Dr Reddy’s rolls out Sputnik V Covid-19 vaccine in India at Rs 995 per dose

NEW DELHI: Dr. Reddy’s Laboratories has announced that the first consignment of imported doses of the Sputnik V vaccine that landed in India on 1st May, 2021, received regulatory clearance from the Central Drugs Laboratory, Kasauli, on 13th May, 2021. As part of a limited pilot, the soft launch of the vaccine has commenced and […]

L&T Construction gets ‘Large’ orders worth up to Rs 5,000 crore from Chennai Metro Rail Corporation Limited

NEW DELHI: The construction arm of L&T has secured large orders from a prestigious Client for its Heavy Civil Infrastructure business in India. Though the company has not revealed the exact value of the orders, the contracts falls under ‘large’ category which ranges between Rs 2,500 crore to Rs 5,000 crore. The Business has secured […]

Shriram Housing Finance Limited to get Rs. 500 crore

NEW DELHI: In a very strong reaffirmation of its belief in the affordable and mid segment housing, Shriram City Union Finance has invested Rs. 200 crore in its housing finance subsidiary, Shriram Housing Finance Limited (SHFL). The board of Shriram City Union Finance has also approved an investment of upto Rs. 500 Cr into SHFL […]

Reliance O2C, Indian Oil Corporation bag supplies in intense bidding for KG-D6 gas

NEW DELHI: As many as 14 users across sectors slugged it on a third party electronic platform for seven-and-half hours to secure natural gas supplies from the eastern offshore KG-D6 block before the oil-to-chemical (O2C) unit of Reliance Industries bagged most of the supplies, sources said. RIL and its partner BP of the UK, who […]

Wadia Group-owned GoAir rebrands as Go First after 15 years of flying

NEW DELHI: After being in the skies for 15 years, Wadia Group-owned GoAir has rebranded itself as ‘Go First’ as the airline focuses on ultra-low-cost business model amid the aviation industry grappling with pandemic headwinds. The announcement on Thursday also comes amid reports that the airline was preparing for an initial share sale to raise […]

Narendra Modi releases 8th installment worth over Rs 20,000 crore for PM-Kisan scheme

NEW DELHI:Prime Minister Narendra Modi on Friday released the eighth installment of over Rs 20,000 crore to more than 9.5 crore farmer beneficiaries under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on Friday via video-conferencing. Agriculture Minister Narendra Singh Tomar, who was present on the occasion, said West bengal has joined the scheme with […]

Narendra Modi government will provide assistance to companies willing to manufacture Covid-19 vaccines

NEW DELHI: Amid a political war of words between the Narendra Modi government (Centre) and the Delhi government over the availability of sufficient vaccines to inoculate all adults in the national capital, the central government on Thursday said it will provide all possible assistance to all companies willing to manufacture the vaccine to ramp up […]

US Covid-19 guidance: Great day for America as fully vaccinated people do not need masks outside

By ZEKE MILLER and MICHAEL BALSAMO  WASHINGTON:In a major step toward returning to pre-pandemic life, the Centers for Disease Control and Prevention eased mask-wearing guidance for fully vaccinated people on Thursday, allowing them to stop wearing masks outdoors in crowds and in most indoor settings. “Today is a great day for America,” President Joe Biden […]

Nirmala Sitharaman hands over possession to homebuyers through virtual meet

NEW DELHI: India’s Finance & Corporate Affairs Smt. Nirmala Sitharaman today handed over possession to homebuyers virtually as the Government of India’s Special Window for Affordable & Mid-Income Housing (SWAMIH) completed its first residential project. The residential project – Rivali Park, located in suburban Mumbai, was the first housing project in India to have received […]

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