Uttar Pradesh Chief Secretary Anup Chandra Pandey gets six-month extension
LUCKNOW: Uttar Pradesh Chief Secretary Anup Chandra Pandey, who was due to retire in February, has got an extension for six months, an official said on Wednesday. Pandey, a 1984-batch IAS officer, was due to retire on February 28. “The Centre has approved the extension of the chief secretary,” Principal Secretary (Information) Avanish Awasthi said […]
Oppo’s new F11 Pro with a power packed camera coming to India soon
NEW DELHI: Chinese smartphone maker Oppo said that that it is expected to launch its upcoming smartphone OPPO F11 Pro in India that will come with a stellar camera. Oppo’s new F11 Pro will be coming with a 48 MP dual rear camera, reaching a level of overall performance that exceeds the expectations of even […]
Reliance Home Finance’s net profit up 37% at Rs 55 crore in Q3 FY19
NEW DELHI: Reliance Home Finance, part of Reliance Capital, on Tuesday posted a 37.5 increase in net profit after tax at Rs 55 crore in three months ended December 31, 2018. In comparison, the company had reported a net profit after tax of Rs 40 crore in October-December quarter of 2017, Reliance Home Finance Ltd […]
I-T dept seeks explanation from DHFL on “suspicious” deals, company says no reference
NEW DELHI: The Income-Tax Department has sent notices to crisis-ridden NBFC, Dewan Housing Finance Corporation Ltd (DHFL), seeking its books of accounts and asked it to clarify the “unexplained transactions” which the firm has denied saying there is no reference to any “any suspicious transactions”. Sources said the department’s Mumbai tax office has learnt of […]
NDA’s Rafale deal 2.86 per cent cheaper than UPA’s 2007 offer CAG
NEW DELHI: The Rafale deal negotiated by the NDA government to procure 36 fighter jets was 2.86 per cent cheaper than the UPA’s 2007 offer, the Comptroller and Auditor General said in its report. With regard to India specific enhancements, the deal was 17.08 per cent cheaper, said the CAG report, which was tabled in […]
Don’t have firms to establish helicopters business in India: Jayant Sinha
NEW DELHI: Minister of State for Civil Aviation Jayant Sinha on Wednesday said there are not many “sufficient well-capitalised companies that can really take a long-term view” to establish helicopter business in India. “The challenge right now with helicopters is that we don’t have sufficient well capitalised companies that can really take a long-term view […]
Gaurs Group sells over 10,000 units for a gross sales revenue of more than half a billion dollars
NEW DELHI :Gaurs Group clocked possibly the biggest ever sale in real estate in the Delhi NCR region in 2018, selling close to 10,000 property units for a gross sales revenue of more than half a billion dollars. The year 2018 has been incredible for the Gaurs Group. The group clocked a sale of nearly […]
UDAN a game changer for aviation sector
NEW DELHI: The regional air connectivity scheme has been a game changer for the aviation sector and 1 crore people will be travelling under the scheme after one year, a senior civil aviation ministry official said on Tuesday. The scheme — Ude Desh ka Aam Nagrik (UDAN) — seeks to connect unserved and underserved airports […]
Oil price, infra constraints key challenges for airlines: SpiceJet CMD
NEW DELHI: Fluctuation in oil prices, yield indiscipline and airport infrastructure constraints remain three main challenges for Indian aviation market, SpiceJet Chairman and MD Ajay Singh said. Yield is the measure of average revenue paid by each passenger per mile. “The largest risk, of course, is oil…From an airlines perspective, what we can do and […]
India, Maldives to implement liberalised visa regime
NEW DELHI: India and Maldives on Tuesday exchanged diplomatic notes for the implementation of a visa facilitation agreement to boost people to people contacts between the two countries. The agreement was signed during Maldivian President Ibrahim Solih’s visit to India in December within a month after taking charge of the high office. The visit was […]
Amrapali 5-star hotel unsold in auction, Supreme Court suspects cartelisation
NEW DELHI: Taking strong exception to two prime properties including a five-star hotel of the embattled Amrapali Group finding no bidders, the Supreme Court on Monday said that prima facie it looks like “cartelisation is at work” and sought to know whether “banks are part of cartels”. The top court said that it is “shocking […]
India-UK trade not to be affected by Brexit: Simon
KOLKATA: Trade relations between India and the UK is not likely to be affected after Brexit, British trade commissioner to South Asia Crispin Simon has said. “Bilateral trade between Britain and India stands at USD 25 billion. India is an important trading partner and after Brexit, it is not to be affected”, Simon told PTI. […]
Badrinath to reopen on May 10
DEHRADUN: The sacred portals of Badrinath will be thrown open to public in the wee hours on May 10. The gates of the Himalayan shrine will be reopened after the annual winter break at 4:15 am on May 10. The auspicious hour for reopening the gates of the famous temple were announced on the occasion […]
India to continue growing at fastest pace; could be second-largest economy by 2030: PM
GREATER NOIDA: Prime Minister Narendra Modi exuded confidence on Monday that India would continue to be the fastest-growing large economy, and could be the second-largest economy in the world by 2030. “Leading agencies such as IMF and World Bank project the same trend to continue in the coming years. In an uncertain global economic environment, […]
Finance Commission notifies panel to resolve Rs 31,000 crore food account
NEW DELHI: The 15th Finance Commission has notified the committee to examine and resolve the food account of Rs 31,000 crore which the Congress government inherited from previous SAD-BJP regime. Commission chairman N K Singh gave approval to the issuance of the notification for the constitution of the committee on Monday, an official release of […]
Analjit Singh set to take over as chairman of Max Life, Max India
NEW DELHI: Max Group on Monday said its Founder and Chairman Emeritus Analjit Singh will take over as Chairman of Max India and Max Life. He would be taking over the chairmanship of the two companies from Group President Rahul Khosla, who would be moving to a non-executive role as group advisor from April 1, […]