Flipkart co-founder Sachin Bansal invests Rs 650 crore in Ola
NEW DELHI: Flipkart co-founder Sachin Bansal has invested about Rs 650 crore in Ola, giving the Indian ride-hailing company more ammunition to compete with rival Uber. The investment is in Sachin’s personal capacity and is also the largest financing by an individual in Ola till date, Ola said in a statement. In January, Ola had […]
KCR expands cabinet,retains key portfolios including Finance
HYDERABAD :Telangana Chief Minister K Chandrasekhar Rao Tuesday retained key portfolios such as finance, information technology and industries with him while allotting others to the newly appointed Cabinet ministers. After a gap of over two months, Rao expanded his cabinet by inducting 10 members taking the total size of the cabinet to 12. According to […]
SpiceJet to start 12 new domestic flights from March 31
NEW DELHI: SpiceJet on Tuesday stated that it will start 12 new direct flights on its domestic network from March 31, 2019. “SpiceJet is the first Indian carrier to introduce daily direct flights on the Bhopal-Surat-Bhopal, Gorakhpur-Mumbai-Gorakhpur and Jaipur-Dharamshala-Jaipur sectors,” the airline said in its statement. The airline also announced on Tuesday that it will […]
Mahagun to invest over 600 crore in developing retail park in Greater Noida West
NEW DELHI: Delhi based Realty firm, Mahagun Group has announced the launch of its new commercial project called Mahagun Marina Wwalk, at Greater Noida West. The retail park would be developed with an Investment of over 600 crores. The retail project would comprise shopping area, multiplex, hotel and office spaces. Marina Wwalk, the new retail […]
SBI to waive loans of CRPF personnel killed in Pulwama terror attack
NEW DELHI: State Bank of India (SBI) on Monday said it would waive all outstanding loans taken by 23 CRPF personnel who were killed in the Pulwama terror attack. The state-owned lender would also expedite payment of insurance amount of Rs 30 lakh each to the families of CRPF personnel killed. In a release, the […]
Pakistan has potential to become one among top 20 economies: Saudi Crown Prince
By Sajjad Hussain ISLAMABAD: Pakistan has the potential to become one the top 20 economies of the world, Saudi Crown Prince Mohammad bin Salman said on Monday as he concluded his two-day visit to Islamabad. The Crown Prince briefly interacted with the media along with Prime Minister Imran Khan at Nur Khan air base at […]
RBI to pay Rs 28,000 crore as interim dividend to government
NEW DELHI: The Reserve Bank of India (RBI) on Monday said it will give Rs 28,000 crore to the government as interim dividend. The decision was taken at the meeting of the RBI’s Central Board here. “Based on a limited audit review and after applying the extant economic capital framework, the Board decided to transfer […]
HDFC Bank has no plans to cut down branch expansion to focus on tech
NEW DELHI: Largest domestic lender from the private sector space, HDFC Bank, does not intend to cut down on branch expansion, a top official said on Monday. It can be noted many banks globally are focusing on technology more than the physical presence in recent times. “Absolutely not,” HDFC Bank’s managing director and chief executive […]
Gold imports dip 5% to $26.93 billion in April-January period on weak global cues
NEW DELHI: The country’s gold imports dipped about 5 per cent in value terms to $26.93 billion during April-January 2018-19, which is expected to keep a lid on the current account deficit. According to commerce ministry data, total imports of the precious metal in the corresponding period of 2017-18 stood at $28.23 billion. Industry experts […]
Narendra Modi dedicates to nation the Medical Colleges at Hazaribagh, Dumka and Palamu
NEW DELHI: Prime Minister Narendra Modi visited Hazaribagh in Jharkhand on 17 February,2019. He unveiled several Development Projects for Jharkhand. Governor of Jharkhand Draupadi Murmu, Union Minister Jayant Sinha and CM of Jharkhand Shri Raghuvar Das was also present among other dignitaries. Addressing the gathering the PM said “I pay homage to Vijay Soreng, the […]
PM unveils development projects worth Rs.33,000 crore for Bihar
NEW DELHI: In a significant boost to development of infrastructure, connectivity, energy security and health care services in Bihar, Prime Minister (PM) Narendra Modi unveiled projects worth Rs 33,000 crores in Barauni today. Governor of Bihar, Laljee Tandon, Chief Minister Nitish Kumar, Deputy Chief Minister Sushil Modi Union Minister of Food and Consumer Affairs Ramvilas […]
Reliance Industries m-cap falls below Rs 8 lakh crore: 9 of top-10 firms lose Rs 98,863 crore m-cap in 1 week
NEW DELHI: Nine of the top-10 most-valued companies suffered a combined erosion of Rs 98,862.63 crore in market valuation last week, with Reliance Industries Ltd (RIL) and SBI taking the steepest hit. ITC was the only gainer from the top-10 list. RIL, Tata Consultancy Services (TCS), HDFC Bank, HUL, Infosys, HDFC, Kotak Mahindra Bank, State […]
Rajinikanth will not contest 2019 Lok Sabha polls
NEW DELHI: Ending months of speculation, Tamil superstar Rajinikanth, who floated his outfit Rajini Makkal Mandram as a precursor to launching a political party, Sunday made it clear he would neither contest the forthcoming Lok Sabha polls nor support any party. He appealed to the people of Tamil Nadu to vote for a party who […]
Surat gets first direct international flight, AI Express flies from Sharjah
SURAT: Gujarat’s ‘diamond city’ Surat has made it to the international aviation map with the first Air India Express flight arriving here carrying 75 passengers from Sharjah, the airline said on Sunday. The maiden Air India Express flight IX 172 from Sharjah touched down at the Surat airport at 11.30 pm on Saturday with 75 […]
Tripura approves Rs 6000 assistance to farmers
AGARTALA: The BJP-IPFT government in Tripura has approved the Rs 6000 financial assistance to farmers having upto two hectares of cultivable lands under the Pradhanmantri Kissan Samman Nidhi Yojana (PMKSNY), state Agriculture minister Pranajit Singha Roy said on Friday. The decision was taken in a meeting of the council of ministers held here on Thursday […]
India revokes Most-Favoured Nation status to Pakistan after Pulwama attack
NEW DELHI: Following the Pulwama terror attack, India Friday withdrew the ‘most-favoured nation’ status to Pakistan, a move which would impact USD 488.5 million worth of goods that the neighbouring country exports to India. After the withdrawal of most-favoured nation (MFN) status, India can raise customs duties on several goods being imported from Pakistan. The […]