Prime Minister visits One District, One Product Exhibition
NEW DELHI: The Prime Minister of India Narendra Modi visited Varanasi today and dedicated the campus of the International Rice Research Institute, at Varanasi, to the nation. He visited various laboratories of the Institute. At the Deendayal Hastkala Sankul, the Prime Minister visited the One District, One Product (ODOP) Exhibition. He launched a Comprehensive Pension […]
Narendra Modi lays foundation stone of medical college in Ghazipur
NEW DELHI: The Prime Minister of India Narendra Modi visited Ghazipur in Uttar Pradesh and released a commemorative postage stamp on Maharaja Suheldev. He also laid the Foundation Stone of a Medical College in Ghazipur. Speaking on the occasion, the Prime Minister said that the projects being unveiled at various events today, would go a […]
India announces Rs 4,500 crore assistance to Bhutan
NEW DELHI: Prime Minister Narendra Modi on Friday announced a Rs 4,500 crore financial assistance to Bhutan for its 12th five-year plan after holding wide-ranging talks with his Bhutanese counterpart Lotay Tshering In his media statement, Modi said hydro power cooperation with Bhutan is a key aspect of bilateral ties and that work on the […]
Sanjay Sethi appointed JNPT chairman
NEW DELHI: Senior bureaucrat Sanjay Sethi has been appointed as the chairman of the Navi Mumbai-based Jawaharlal Nehru Port Trust (JNPT), according to a government order. The 1992-batch IAS officer of the Maharashtra cadre has been appointed to the post for a period of five years, the order issued by the Personnel Ministry said. In […]
Piramal Enterprises to raise Rs 590 crore via allotment of bonds
NEW DELHI: Piramal Enterprises on Friday said it would raise Rs 590 crore through allotment of secured redeemable non-convertible bonds on a private placement basis. At the meeting of the Administrative Committee of the Board, the committee approved the allotment of 5,900 secured redeemable non-convertible bonds having the face value of Rs 10 lakh only […]
ICICI Bank raises Rs1,140 crore via bonds
NEW DELHI: Private sector lender ICICI Bank on Friday said it has raised Rs1,140 crore by issuing Basel III compliant bonds on private placement basis. “The Bank has allotted 11,400 Basel III compliant unsecured subordinated perpetual Additional Tier 1 bonds in the nature of debentures aggregating Rs1,140 crore on private placement basis,” ICICI Bank said […]
Nirav Modi located in UK, British authorities inform India
NEW DELHI: British authorities have informed India that bank fraud fugitive Nirav Modi is living in the UK, the government has said. Replying to a question, Minister of State for External Affairs V.K. Singh told Rajya Sabha that National Central Bureau of Manchester conveyed to Indian agencies that their investigations have led to the location […]
Traffic soared on low fares as airlines bled on high fuel prices
NEW DELHI: Even as strong headwinds — soaring jet fuel prices and low yields — induced financial turbulence, the country’s civil aviation sector maintained robust traffic growth rate during 2018. The double-whammy of high fuel cost and low fares necessitated by extreme competition magnified as the rupee depreciated and interest-rates remained high. On an average, […]
PVR to raise Rs 750 crore, seeks shareholders’ nod
NEW DELHI: Multiplex chain operator PVR on Friday said it is planning to raise up to Rs 750 crore through issue of securities to qualified institutional buyers, for which it is seeking shareholders’ nod. In a regulatory filing, PVR said its board had on December 21 approved issue of equity shares of the company with […]
Telugu film star Mahesh Babu’s bank accounts frozen over tax dues
NEW DELHI: The Goods and Services Tax (GST) department on Thursday said it has attached the bank accounts of Telugu superstar Mahesh Babu to recover service tax dues from him. According to a press release issued by the Hyderabad GST Commissionarate, Mahesh Babu has not paid the Service Tax during 2007-08 for the taxable services he rendered […]
India mulling farm package ahead of 2019 general polls
NEW DELHI: Under attack for the agrarian crisis, the government is contemplating several incentives, including a big financial package, to woo farmers ahead of the 2019 Lok Sabha elections, according to sources. The government’s likely announcement of incentives to boost rural income will come following feedback given by BJP leaders and MPs, besides other stakeholders, […]
Rajasthan ministers allocated portfolios
JAIPUR: Newly inducted Rajasthan ministers have been allocated portfolios, with Chief Minister Ashok Gehlot assigning nine departments, including the key finance and home, to himself. According to the orders issued by the Cabinet Secretariat here, Deputy Chief Minister Sachin Pilot has been given the charge of public works, rural development, panchayati raj, science and technology […]
Kerala government can bid for Thiruvananthapuram airport: Jayant Sinha
NEW DELHI: The Kerala government can bid for operating and managing the Thiruvananthapuram airport at the time of leasing out the aerodrome, the Civil Aviation Ministry said on Thursday. The Centre’s decision to lease out the Thiruvananthapuram airport on public private partnership basis has been opposed by the Kerala government. In November, the central government […]
About 36 lakh houses grounded,more than 12 lakh houses completed
NEW DELHI: The Ministry of Housing & Urban Affairs has embarked upon one of the most ambitious programmes undertaken in the world for Urban renaissance for rejuvenating and transforming Indian cities through a number of initiatives including sanctioning of 68.5 lakh houses for construction under the Pradhan Mantri Awas Yojana in urban areas. PRADHAN MANTRI […]
Andhra Pradesh Chief Minister lays foundation stone for government offices complex
AMARAVATI: Andhra Pradesh Chief Minister N Chandrababu Naidu Thursday laid the foundation-stone for the government offices complex here, designed by London-based world-renowned architect Foster and Partners. The AP State Secretariat and HoD Buildings Complex would have four towers of 40 floors each and a fifth tower of 50 floors with a rooftop helipad for the […]
Inspection of six companies linked to ICICI Bank controversy at ‘advanced stage’: Report
NEW DELHI: The Corporate Affairs Ministry’s inspection of the books of six companies linked to the ICICI Bank controversy is at an “advanced stage”, according to a senior official. On April 23, the ministry ordered inspection of six companies, including NuPower Renewables. There are allegations of involvement of former ICICI Bank chief Chanda Kochhar and […]