Adani Group launches its luxury residential project in Pune
NEW DELHI: Ahmedabad-based conglomerate Adani Group said that it has launched its luxury residential project in Pune’s Koregaon Park NX. The project named Atelier Greens, focuses on offering lifestyle beyond the carpet area, drawing inspiration from making spaces where art of living grows naturally. Nestled in the city center, yet amidst abundant greenery and open […]
Narendra Modi launches development projects worth Rs. 1500 crore for Odisha
NEW DELHI: Prime Minister of India Narendra Modi visited Balangir in Odisha today. He launched several development projects worth Rs. 1500 crores and laid foundation stones of various Projects. The Prime Minister arrived at the Swami Vivekanand Airport in Raipur this morning and then left for Balangir. In Balangir, he dedicated Multi-Modal Logistics Park (MMLP) […]
Dr TCA Anant assumes charge as UPSC member
NEW DELHI: Dr. T.C.A Anant, former Chief Statistician of India & Secretary, Ministry of Statistics and Programme Implementation, took the Oath of Office and Secrecy as Member, Union Public Service Commission (UPSC) here. The Oath was administered by Shri Arvind Saxena, Chairman, UPSC. Dr. Anant’s academic background includes Ph. D from Cornell University and Masters […]
Finance Secretary AN Jha gets one-month extension, named Finance Commission member
NEW DELHI: India’s Finance Secretary Ajay Narayan Jha has been given one-month extension in service and appointed as the member of the 15th Finance Commission, according to a Personnel Ministry order. He is a 1982 batch Indian Administrative Service officer of Manipur cadre. The Appointments Committee of the Cabinet has approved extension in service of […]
Jammu & Kashmir Bank Q3 net profit up 43% at Rs 104 crore
NEW DELHI: Jammu & Kashmir Bank has reported 43% increase in its net profit at Rs 103.75 crore for the third quarter ended December 2018. The bank had earned a profit of Rs 72.47 crore in the October-December quarter of previous fiscal, the bank said in a statement. Total income of the bank rose to […]
India seeks better flight connectivity with Central Asia
NEW DELHI: India on Sunday proposed a dialogue on air corridors with the countries of landlocked Central Asia in an attempt to boost trade languishing below $2 billion for years, as foreign minister Sushma Swaraj stressed on the need for connectivity initiatives to follow the principles of financial responsibility. In a speech at the first […]
India re-promulgates ordinance to amend companies law
NEW DELHI: The government of India has re-promulgated an ordinance to amend the companies law to further improve the ease of doing business as well as ensure better compliance levels. Since the Bill to make amendments to the Companies Act, 2013, is pending in the Rajya Sabha, the ordinance has been re-promulgated. The Lok Sabha […]
Muthoot Microfin raises Rs 562 crore via securitisation
MUMBAI: Muthoot Pappachan group’s micro-lending arm raised Rs 561.7 crore through asset securitisation in the December quarter, when the non-bank lending segment was facing huge troubles with liquidity. With this, the total amount raised through securitisation by the IPO-bound Muthoot Microfin has crossed Rs 1,300 crore during the first nine months of the fiscal. “Securitisation […]
India’s largest startup ecosystem inaugurated in Kerala
KOCHI: India got its largest startup ecosystem on Sunday when Kerala Chief Minister Pinarayi Vijayan inaugurated here a 1.8-lakh-square-feet facility housing incubation set-ups across a string of segments in modern technology. The Integrated Startup Complex under the Kerala Startup Mission (KSUM) includes the ultra modern facilities of Maker Village that promotes hardware startups, the BioNest […]
Digital platform helps Maharashtra save Rs 12,000 crore in farm loan waiver
MUMBAI: Maharashtra has managed to save Rs 12,000 crore in farm loan waiver alone by adopting a digital platform that helped eliminate bogus claimants, Chief Minister Devendra Fadnavis said here on Sunday. The state had, in June 2017, announced a farm loan waiver worth Rs 34,022 crore amid rising incidents of farmer suicides due to […]
Supreme Court nod to construction of ongoing projects under Chardham development plan
NEW DELHI: The Supreme Court of India on Friday lifted its stay on certain stalled projects under the government’s ambitious Chardham development plan, which proposes to provide all-weather connectivity to the four holy towns of Uttarakhand. The court said the stay will however continue on those projects which are yet to begin under the plan […]
No light at the end of the tunnel for Meghalaya miners
SHILLONG: It is exactly a month after 15 miners have been trapped in an illegal rat hole coal mine in Meghalaya’s East Jaintia Hills district. The chances of their rescue continue to remain bleak as dewatering the mine has so far been a futile effort. Scientists and top notch agencies, known for their work in […]
Madras High Court grants Nalini Chidambaram interim protection from arrest
CHENNAI: In a breather for former finance minister P Chidambaram’s wife Nalini, the Madras High Court on Saturday granted her interim protection from arrest by the CBI in the Saradha chit fund case till she obtained regular anticipatory bail from a jurisdictional court in West Bengal. Justice G K Illanthiraiyan passed the interim order at […]
IDFC Bank re-named IDFC First Bank
NEW DELHI:Private sector lender IDFC Bank said its name has been changed to IDFC First Bank Ltd with effect from Saturday. “…the name of the Bank has been changed from IDFC Bank Ltd to ‘IDFC First Bank Limited’ with effect from January 12, 2019 by virtue of ‘Certificate of Incorporation pursuant to change of name’ […]
Toyota plans to launch its version of Maruti Suzuki Baleno in India next fiscal
NEW DELHI: Japanese auto major Toyota is gearing up to launch its version of Suzuki’s premium hatchback Baleno in the Indian market in the second half of next fiscal, according to sources. Toyota has been working on incorporating its own unique features to the model that has been a runaway success for Suzuki’s Indian arm […]
Finance ministry considers steps to prevent composition dealers from charging GST from buyers
NEW DELHI: In a consumer-friendly measure, the revenue department is planning to make it mandatory for composition dealers and service providers to declare their GST registration status in invoices to ensure that they do not charge any tax from buyers. The measure, once implemented, would check the widespread practice of composition dealers of charging GST […]