Andhra Pradesh signs MoU with Adani Group
NEW DELHI: The Andhra Pradesh government has signed an ambitious memorandum of understanding with the Adani group to build data centre parks in port city Visakhapatnam with a staggering investment of Rs 70,000 crore. With this, the integrated infrastructure conglomerate will make its foray into the digital infrastructure sector. The data centre parks, which will […]
Shapoorji Pallonji enters Delhi-NCR realty market with Rs 1200 crore housing project
NEW DELHI: Business conglomerate Shapoorji Pallonji on Wednesday announced its entry into the Delhi-NCR market and said it will develop a housing project here with an estimated investment of Rs 1,200 crore. The project ‘Joyville Gurugram’, spread over 18 acre land on Dwarka Expressway, will be developed by a USD 200 million platform established by […]
Train 18 is will soon start its journey on Delhi-Varanasi route: Piyush Goyal
NEW DELHI: Train 18 is will soon start its journey on the Delhi-Varanasi route, confirmed Railway Minister Piyush Goyal on Thursday, according to a PTI report. Prime Minister Narendra Modi will flag off the country’s fastest train. Train 18 will cover the 750-km route at a maximum speed of 160 kmph. The estimated run-time would […]
BEST bus strike to continue in Mumbai for the fourth day today
NEW DELHI: The indefinite strike by employees of the city’s civic transport undertaking Brihanmumbai Electric Supply and Transport (BEST) will continue Friday, as talks between union leaders and officials remained inconclusive. Shiv Sena president Uddhav Thackeray, whose party controls the Brihanmumbai Municipal Corporation (BMC), met the BEST union leaders in the presence of Mayor Vishwanath […]
Boycott of bookings by hotels will invite legal action: OYO
NEW DELHI: Hospitality firm OYO on Thursday said it would take strict legal action for breach of contract against any hotel on its platform that boycotts bookings under the influence of small vested interest groups. Most of the boycott threats are being made by small groups of people who have no property associated with OYO, […]
Consular access granted to Christian Michel: MEA
NEW DELHI: India has granted consular access to Christian Michel, a British national who was brought here from the UAE last month in connection with the Rs 3,600-crore AgustaWestland chopper deal scam. The British High Commission had sought consular access to Michel after he was arrested in the first week of December. “Consular access has […]
Former CBI chief Alok Verma resigns from service
NEW DELHI: Former CBI chief Alok Verma submitted his resignation from service on Friday, a day after he was removed from his post by a high powered committee. Verma said in his resignation letter, accessed by PTI, that it was a moment of “collective introspection”. “Also, it may be noted that the undersigned already superannuated […]
North-South corridor of Lucknow metro to become operational by February
LUCKNOW: The Lucknow Metro on Wednesday successfully completed a trial run on the remaining section of its North-South corridor and it is likely to become operational by February, two months ahead of the April deadline. “We today completed the successful trial run of the remaining section of the North-South corridor. The work is likely to […]
Bombay High Court restrains SEBI from auctioning Pancard Clubs’ properties
MUMBAI: The Bombay High Court in an interim order on Wednesday restrained the Securities and Exchange Board of India (SEBI) from auctioning off private properties of the Pancard Clubs, a company. A bench of justices B P Dharmadhikari and Revati Mohite-Dere also directed the SEBI to file its reply to a petition filed by the […]
Punjab and Haryana High Court stays Dhingra Commission report on Gurugram land scam
NEW DELHI: In a relief to former Haryana Chief Minister and senior Congress leader Bhupinder Singh Hooda, the Punjab and Haryana High Court on Thursday stayed the report of the Justice Dhingra Commission of Inquiry into the land scam in Gurugram. A division bench, which saw the sealed copy of the report, said that the Commission’s […]
Arvind SmartSpaces to invest Rs 250 crore in 2019
MUMBAI: Arvind SmartSpaces, the realty arm of fashion and apparel brand Arvind, on Thursday said it plans to invest Rs 250 crore this year for acquiring and developing new projects across the country. The company is also exploring and evaluating other markets such as Hyderabad for potential opportunities, its CEO and managing director Kamal Singal […]
Audi India sales decline 18% to 6,463 units in 2018
NEW DELHI: German luxury car maker Audi reported an 18% decline in total sales in India to 6,463 units during 2018, hit by closure of its largest dealership in the country besides phase-out of some of the models during the year. The company had sold 7,876 units in the country in 2017. “We at Audi […]
RBI defers capital buffer norms by a year, leaves Rs 37,000 crore in hands of banks
NEW DELHI: The Reserve Bank of India (RBI) on Thursday deferred the implementation of the last tranche of the capital conservation buffer (CCB) by a year, a move that would leave about an estimated Rs 37,000 crore in the hands of banks. This would help banks increase lending by over Rs 3.5 lakh crore. “It […]
Alok Verma shunted out as CBI chief
NEW DELHI: Alok Verma was shunted out as the CBI chief after a marathon meeting of high-powered selection committee led by Prime Minister Narendra Modi on Thursday, officials said. Verma, a 1979-batch AGMUT cadre IPS officer, has been removed from the high-profile post on the charges of corruption and dereliction of duty making him the […]
Amaravati Development Partners commences development of the Welcome Gallery
NEW DELHI: Amaravati Development Partners (ADP), the joint venture between Singapore Amaravati Investment Holdings (SAIH) and Amaravati Development Corporation, have announced that it will commence development of an exhibition-cum-community centre called the “Welcome Gallery” within the Amaravati Capital City Start-Up Area in the state of Andhra Pradesh, India. SAIH is a wholly-owned joint venture company […]
Narendra Modi inaugurates Rs. 2900 crore projects in Agra
NEW DELHI: Giving a major push to develop and enhance Tourism infrastructure in Agra, the Prime Minister Narendra Modi launched a series of development projects worth Rs. 2900 crore for the Agra city and the adjoining areas. The Prime Minister dedicated to the nation, Gangajal project, which will provide Agra with better and more assured […]