MSEDCL to set up 500 electric vehicle charging stations
NEW DELHI: State-run power utility MSEDCL plans to set up 500 electric vehicle charging stations across Maharashtra to encourage use of green energy by automobiles, an official said on Thursday. In the first phase of the project, 50 such stations will soon come up in Mumbai, Navi Mumbai, Panvel (four each) Thane (six), Pune, Nagpur […]
Lender banks cannot be left hanging for forever: Supreme Court of India
NEW DELHI: “Lenders cannot be left hanging for forever”, the Supreme Court today observed and made it clear that the Insolvency and Bankruptcy Code (IBC) was brought to ensure that the dues of the companies, declared non-performing assets (NPAs), are recovered by the banks. A bench of Justices R F Nariman and Indu Malhotra also […]
India appoints MDs, CEOs in ten nationalised banks
NEW DELHI: Mrutyunjay Mahapatra and Padmaja Chundru, both deputy managing directors in State Bank of India, have been appointed as managing director and chief executive officer of Syndicate Bank and Indian Bank respectively, according to an official order issued on Wednesday. They are among 10 MDs and CEOs of state-owned banks whose appointments were approved […]
Cabinet approves funds to Jammu and Kashmir under Deendayal Antyodaya Yojana
NEW DELHI: The Union Cabinet, chaired by the Prime Minister of India Narendra Modi has approved the extension of timeline for implementation of the Special Package under Deendayal Antyodaya Yojana (DAY) – National Rural Livelihoods Mission (DAY-NRLM) for Jammu & Kashmir for another period of one year during 2018-19. The Cabinet also approved allocation of […]
India signs air services agreement with Morocco
NEW DELHI: India and Morocco have signed the revised Air Services Agreement between the two countries enabling greater connectivity through a modernized agreement. The delegation of the two countries have met three times in the past years wherein they have worked towards liberalization of markets between the two countries and updating of the existing Air […]
Narendra Modi approves new railway line between Indore to Budni with electrification
NEW DELHI: The Cabinet Committee on Economic Affairs, chaired by the Prime Minister of India Narendra Modi has approved to construct new line between Budni to Indore (Mangaliyagaon) with approximate length of 205.5 Km. Total estimated cost of this project is Rs. 3261.82 crore. The main purpose of this project is the development of backward […]
Gujarat plans more RoRo ferry services, some upto Mumbai
GANDHINAGAR: Gujarat Chief Minister Vijay Rupani has announced in the Legislative Assembly on Wednesday that his government is planning to start seven or eight new RoRo ferry services. Some of these ‘Roll On Roll Off’ (RoRo) services could be extended upto Mumbai, he said, while responding to a question about Ghogha-Dahej ferry service. RoRo ferry […]
BCG names Alpesh Shah as Managing Director of India
NEW DELHI: Neeraj Aggarwal, Regional Chairman of Asia Pacific, The Boston Consulting Group (BCG), has announced the appointment of Alpesh Shah as Managing Director of India. “Alpesh is an outstanding BCG leader,” he remarked. “With his strong focus on capability-building, dedication to client service and passion for developing teams and championing diversity, I am very […]
NBCC joins hands with Construction Skill Development Council of India
NEW DELHI: NBCC (India) Ltd, has signed a Memorandum of Understanding (MoU) with Construction Skill Development Council of India (CSDCI) to train and empower 20,000 youth in the next six months and promote Skill Development in the construction sector. Through the association, NBCC and CSDCI, which is a non-profit organisation under National Skill Development Corporation […]
About 1,000 farmers oppose bullet train project in Gujarat High Court
AHMEDABAD: As many as 1,000 farmers affected by the proposed Mumbai-Ahmedabad bullet train submitted affidavits in the Gujarat High Court Tuesday, voicing their opposition to the project. A division bench of Chief Justice R Subhash Reddy and Justice V M Pancholi is hearing five petitions challenging the land acquisition process for the high speed rail […]
Mastercard, Mahendra Singh Dhoni team up to accelerate digital payments in India
NEW DELHI: Cricketer Mahendra Singh Dhoni (MSD) has joined Mastercard’s ongoing efforts to build a Less-Cash India. Under this partnership, MSD, along with Mastercard will build awareness about digital payments through a Cash-to-Digital campaign. The campaign will aim to educate consumers and merchants about the convenience, wide acceptance, and safety and security features of debit […]
Nuvoco appoints Jayakumar Krishnaswamy as new Managing Director
NEW DELHI: Jayakumar Krishnaswamy was recently appointed as Managing Director for Nuvoco Vistas Corp. Ltd. (formerly Lafarge India Limited). He will be responsible for its three business divisions; cement, ready-mix concrete and aggregates. Krishnaswamy’s approach to doing business coupled with his expertise in integrated supply chain management and transforming organisations make him an ideal fit […]
Aye Finance to double its employees to 1800 by end of 2018
NEW DELHI: Online lending startup Aye Finance said that it will be doubling its team size in the current financial year, taking its number of employees to 1800. The company has its branches in 100 cities across the sub-continent and with this expansion in the team size it plans to further strengthen its position of […]
Prime Minister to lay foundation stone of world class Convention centre in New Delhi
NEW DELHI: Prime Minister of India Narendra Modi will lay the foundation stone of India International Convention and Expo Centre (IICC) in New Delhi tomorrow. The IICC is being developed as a state of the art centre to promoteMeetings, incentives, conferences and exhibitions (MICE) activities to attract and promote business and industry for growth of […]
Real estate developers in Telangana asked to register projects
HYDERABAD: The Telangana government on Tuesday asked all builders and developers who have obtained permission for real estate projects on or after January 1, 2017 to get their projects registered with the concerned authority, immediately. “All the builders/developers who have taken permission for real estate projects on or after January 1, 2017 having about 500 […]
Congress demands probe into role of PMO, Arun Jaitley in Vijay Mallya escape
NEW DELHI: Congress on Monday demanded a “comprehensive probe” into the alleged role of the Prime Minister’s Office and Finance Minister Arun Jaitley in helping embattled business tycoon Vijay Mallya flee the country. The trinity of Mallya, the Central Bureau of Investigation (CBI) and the Bharatiya Janata Party have cheated the country and now it […]