Coming Lok Sabha polls could be world’s most expensive: US think tank
NEW DELHI: The upcoming general elections in India will be the most expensive in Indian history and perhaps one of the most expensive ever held in any democratic country, a US-based expert has said. The Election Commission of India is soon expected to announce its schedule for the polls to be held to elect 543 […]
Adani bags tender to set up solar power project in Gujarat
NEW DELHI: Adani Green Energy on Saturday said its subsidiary has been awarded a tender to set up a 150 MWac solar power project in Gujarat and the project is expected to be commissioned by October-December quarter of 2020-21 financial year. According to a regulatory filing, “Adani Renewable Energy Park (Gujarat), a wholly-owned subsidiary of Adani […]
Narendra Modi addresses Economic Times Global Business Summit
NEW DELHI: The Prime Minister of India Narendra Modi today addressed the Economic Times Global Business Summit. He said from the days of 2013-14, when India was beset with problems such as runaway inflation, high fiscal deficit and policy paralysis, change is clearly visible today. Hesitations have been replaced by hope, and obstacles have been […]
You have to blend good governance with clever politics: Arun Jaitley at Global Business Summit 2019
NEW DELHI: Debates and discussions on the unprecedented role and impact of technology in transforming businesses ruled day one of the 5th edition of The Global Business Summit being held on 22nd and 23rd February 2019 in New Delhi. Presented by The Economic Times and YES BANK and powered by Facebook, saw the presence of […]
India will stop share of its water flowing into Pakistan
NEW DELHI: Government of India has decided to stop the flow of its share of water to Pakistan from rivers under the Indus Water Treaty, a move seen as an immediate fallout of deadly terrorist attack that killed 40 paramilitary personnel in south Kashmir. Water Resources Minister Nitin Gadkari tweeted to convey the decision of […]
Suresh Prabhu inaugurates Aviation infrastructure Projects in seven States
NEW DELHI: India’s Civil Aviation Minister, Suresh Prabhu has inaugurated several infrastructure projects across the length and breadth of the country via video link in New Delhi today. This was done in order to make them world class and future ready. These airports include Trivandrum, Calicut airports in Kerala, Mangaluru airport in Karnataka, Madurai airport […]
JK Cement to set up grinding unit in Balasinor
NEW DELHI: JK Cement, India’s premier cement company today laid the foundation of a grinding unit in Balasinor, Gujarat. Once fully operational, the unit will have a total output capacity of 0.7 MT annually. Balasinor is a small township, 87 kms from Ahmedabad, and marks the Company’s foray into Gujarat. The plant, which will be […]
Aero India 2019: Rafale steals the show
BENGALURU: Political row hit Rafale jet was the cynosure of all eyes as the breathtaking display of manoeuvres by military aircraft and the aerobatic team cast a spell at Aero India, Asia’s premier air show here on Wednesday. The city’s skies dazzled with somersaults and stunts by the metal birds, which also paid tributes to […]
France court orders UBS to pay $5.1 billion for Swiss accounts scandal
By Gaspard Sebag UBS Group AG was ordered to pay more than 4.5 billion euros ($5.1 billion) by a Paris court that found the bank guilty of helping wealthy French clients stash funds in undeclared Swiss accounts. The Paris criminal court ruled on Wednesday that UBS illegally provided French customers with banking services to hide […]
Narendra Modi arrives in South Korea on two-day visit to bolster strategic ties
NEW DELHI: Prime Minister Narendra Modi arrived here on Thursday on a two-day visit to strengthen India’s strategic ties with South Korea and seek to enhance bilateral cooperation in diverse areas, including trade and investment. Ahead of his visit, the prime minister described South Korea as an important partner for India’s key initiatives such as […]
IL&FS crisis: ED files PMLA case, conducts raids in Delhi-NCR, Mumbai
NEW DELHI: The Enforcement Directorate (ED) on Wednesday conducted raids on at least six locations in Mumbai and Delhi-NCR region in connection with the multi-crore IL&FS payment default crisis, officials said. They said the action by the central probe agency came after it registered a criminal complaint under the Prevention of Money Laundering Act (PMLA) […]
Saudi Aramco in talks with Reliance Industries for possible investments
NEW DELHI: Saudi Aramco’s Chief Executive Officer Amin Nassar said on Wednesday that the company is in talks with India’s Reliance Industries Ltd for possible investments and is seeking other opportunities in the country. Saudi Aramco signed an agreement in April with a consortium of state-owned Indian refiners to participate in a $44 billion refinery […]
India drives big bang reforms in Oil and Gas Sector
NEW DELHI: The Union Cabinet chaired by Prime Minister Narendra Modi on Tuesday approved the Policy framework on reforms in exploration and licensing sector for enhancing domestic exploration and production of oil and gas. The Cabinet decision was based on the recommendations of a High-powered Committee on Enhancing Domestic Oil and Gas Exploration chaired by […]
Pay Ericsson Rs 453 crore or face jail: Supreme Court to Anil Ambani
NEW DELHI: Observing there was a ‘wilful default’, the Supreme Court on Wednesday held Anil Ambani, chairman of Reliance Communication(RCom), guilty of contempt of court and ordered the debt-laden company to clear the Rs 453 crore dues to Swedish telecom equipment maker Ericsson within four weeks or face a 3-month jail term. In a verdict […]
Ericsson to deploy 5G-ready LTE equipment for Vodafone Idea
NEW DELHI: Ericsson today announced that it has been selected by Vodafone Idea Limited (VIL), India’s leading telecom service provider, to deploy 5G-ready equipment across select markets in India. Vodafone India and Idea Cellular merged in August 2018, with the merger leading to one of the biggest telecom network integration and consolidation projects in the […]
TerraPay expands footprint in Asia, partners with Pan Asia Bank
NEW DELHI: TerraPay, the world’s first mobile payments switch for international remittance has partnered with Pan Asia Bank which enables TerraPay’s network partners to make instant cross-border money transfer to all bank accounts in Sri Lanka. This means, Sri Lankan migrants worldwide through TerraPay’s partner outlets/website/mobile-app can send money to their family and friends back […]