Government eyes about Rs 7,000 crore from Air India sale
NEW DELHI: The government of India is eyeing around $1 billion (about Rs 7,000 crore) from the sale of national carrier Air India in the next financial year, a government official said. The government will initiate the process of strategic disinvestment of Air India in the second half of 2019-20 and in between it would […]
IRCTC offering free Rs 50 lakh travel insurance with flight ticket
NEW DELHI: Air passengers can now avail free-of-cost travel insurance of Rs 50 lakh if they book their tickets through the IRCTC, the catering and tourism arm of the railways, an official statement said. This facility will be available for passengers irrespective of the class of tickets and for both domestic and international flights. The […]
Alok Verma revokes transfer orders issued by Nageswara Rao
NEW DELHI: Hours after re-joining office after nearly two-and-half months, CBI Director Alok Verma on Wednesday revoked most of the transfer orders issued by agency’s interim chief M. Nageswara Rao. The Central Bureau of Investigation (CBI) Director’s order came a day after the Supreme Court reinstated him as the agency’s head, though with limited powers. […]
Donald Trump demands USD 5.7 billion funding for USA-Mexico border wall
By Lalit K Jha WASHINGTON: President Donald Trump on Wednesday asked the Democrats to allocate a whopping USD 5.7 billion funding for his controversial USA-Mexico border wall plan to halt a “growing humanitarian and security crisis” and cited the cold-blooded murder of an Indian-origin police officer by an illegal immigrant to implement his signature campaign […]
SoftBank plans to invest $2 billion more in WeWork
BY: Shira Ovide Two people believe fervently, wholeheartedly in WeWork Cos., which leases real estate to commercial tenants and also bathes in self-parody. They are Adam Neumann, WeWork’s co-founder and CEO, and Masayoshi Son, the boss of SoftBank Group Corp. Let those two have each other. The rest of us should get on with our […]
India’s GDP expected to grow at 7.3 per cent in 2018-19: World Bank
By Lalit K Jha WASHINGTON: India’s GDP is expected to grow at 7.3 per cent in the fiscal year 2018-19, and 7.5 per cent in the following two years, the World Bank has forecast, attributing it to an upswing in consumption and investment. The bank said India will continue to be the fastest growing major […]
Alok Verma resumes office after 77-day forced leave
NEW DELHI: CBI Director Alok Verma joined office on Wednesday, 77 days after he was sent on forced leave by the central government through a much-criticised late-night order on October 23, 2018, which was set aside by the Supreme Court of India. The October order sent Verma and his deputy Special Director Rakesh Asthana, booked […]
IPL to stay in India but to have March start this year
NEW DELHI: The Indian Premier League (IPL) will stay in the country despite a speculated clash of dates with the general elections but the glitzy T20 extravaganza will start earlier than usual, from March 23, the Committee of Administrators announced on Tuesday. The two-member CoA, comprising chairman Vinod Rai and former women’s captain Diana Edulji, […]
UDAN 3 auction: Government not to open financial bids of Air Deccan, Air Odisha for now
NEW DELHI: The government of India has decided to not open for now the financial bids submitted by Air Deccan and Air Odisha for eight routes currently being auctioned under the third phase of the UDAN scheme, a senior Civil Aviation Ministry official said on Tuesday. Six networks that had been awarded to the two […]
Saya Homes to invest Rs 450 crore on high-street retail project in Greater Noida
NEW DELHI: Ghaziabad-based realty firm Saya Homes said it will invest RS 450 crore in its first retail project at Greater Noida. The project ‘Saya South X’ would be primarily a high street retail development on a total plot area of 12,000 square metre with a saleable area of 6.85 lakh sq ft, the Ghaziabad-based […]
Narendra Modi to dedicate to nation NH-211 stretch in Maharashtra
NEW DELHI: Prime Minister of India Narendra Modi will dedicate to the nation the 58 kms, four laned, Solapur – Tuljapur – Osmanabad section of NH-211 (New NH-52) in Solapur in Maharashtra tomorrow. The project is part of a larger project for four laning of 98.717 kms. Solapur – Yedashi section of NH-211 at a […]
Honor 10 Lite is all set for a Flipkart Exclusive launch in India
NEW DELHI: Honor, the leading smartphone e-brand under the Huawei Group, today announced the brand’s upcoming smartphone – Honor 10 Lite, will be exclusively available on Flipkart. The company has scheduled an event on 15th Jan, 2019 in New Delhi where it will unveil the latest product for the Indian market. Honor has been one […]
Indian Army signs MoU with and PNB
NEW DELHI: On 08 Jan 2019, a Memorandum of Understanding (MoU) was signed between the Indian Army and PNB on the Defence Salary Package. The signing ceremony was chaired by the Adjutant General, Lt Gen Ashwani Kumar and was attended by top dignitaries of PNB headed by Mr Naveen Kumar. A number of additional facilities […]
India introduces quota bill in Lok Sabha
NEW DELHI: The government on Tuesday introduced a Bill in the Lok Sabha for 10% reservation in jobs and educational institutions for the economically backward section in the general category. The Bill, approved by the Cabinet on Monday, was brought in on the last day of the Winter Session of the Lok Sabha. Union Minister […]
Home Minister introduces Citizenship Amendment Bill, 2019 in Lok Sabha
NEW DELHI: India’s Home Minister Rajnath Singh introduced the Citizenship Amendment Bill, 2019 in Lok Sabha today. The Bill seeks to facilitate acquisition of citizenship by six identified minority communities namely Hindus, Sikhs, Jains, Buddhists, Christians and Parsis from Afghanistan, Pakistan and Bangladesh who came to India before 31st Dec., 2014. Moving the Bill, the […]
Supreme Court of India reinstates Alok Verma as CBI director, but ‘without powers’
NEW DELHI: The Supreme Court of India on Tuesday reinstated CBI Director Alok Kumar Verma, setting aside the Narendra Modi government’s decision to divest him of his powers, but restrained him from taking any major policy decision till the CVC probe into corruption charges against him is over. The apex court said any further decision […]