Supreme Court of India asks Greater NOIDA to deposit Rs 66 crore received from Unitech to refund buyers
NEW DELHI: The Supreme Court of India on Monday asked a local authority in Uttar Pradesh to deposit Rs 66.82 crore, received from realty firm Unitech Ltd, with its registry to refund those who have opted out of one of its housing schemes in the Greater Noida area. A bench headed by Chief Justice Dipak […]
Chhattisgarh can become bio-fuel production hub: Nitin Gadkari
NEW DELHI: India’s Road Transport Minister Nitin Gadkari said Monday that Chhattisgarh has immense potential for production of bio-fuel. Addressing a gathering at Charoda in Durg district of the state, he said use of alternative fuels will cut down our dependence on petrol and diesel. Gadkari laid foundation stones of or dedicated total of eight […]
NITI Aayog, Intel and TIFR collaborate to set up a Model International Center for Transformative AI
NEW DELHI: NITI Aayog, Intel, and Tata Institute of Fundamental Research (TIFR) announced on 7th September that they are collaborating to set up a Model International Center for Transformative Artificial Intelligence (ICTAI) towards developing and deploying AI-led application-based research projects. This initiative is part of NITI Aayog’s ‘National Strategy for Artificial Intelligence’ Discussion Paper that […]
Google ready to comply with RBI norms for payment services, says official
NEW DELHI: Internet major Google is learnt to have agreed to follow the RBI’s local data storage norm for payment services but wants time until December to comply with, according to a government source. “Google during the US visit of Law and IT minister Ravi Shankar Prasad conveyed to him that they are ready to […]
Finance Ministry in touch with RBI for market intervention to contain rupee value
NEW DELHI: The finance ministry is in touch with the Reserve Bank for market intervention to check declining value of rupee, which has weakened to a low of 72.45 to a dollar, an official said Monday. The RBI has been selling dollars to arrest declining rupee, which led to decline in forex reserves from USD […]
China promises retaliation if USA imposes more tariffs
BEIJING:China on Monday promised retaliation if United States of America (USA) President Donald Trump escalates their tariff battle, raising the risk Beijing might target operations of American companies as it runs out of imports for penalties. The threat came after Trump said Friday he was considering extending penalties to an additional USD 267 billion of […]
First 2+2 Dialogue consequential and a strategic milestone, says US official
By Lalit K Jha WASHINGTON: The first India-US 2+2 Dialogue in New Delhi was “consequential and a strategic milestone”, a senior Trump administration official said Monday, asserting that the decisions taken during the talks is generational in nature and propelled the bilateral relationship to a new level. External Affairs Minister Sushma Swaraj and Defence Minister […]
Rahul Gandhi, Manmohan Singh hit out at Narendra Modi over rising fuel prices, Congress claims bandh a big success
NEW DELHI: The Congress and other opposition parties observed a country-wide ‘Bharat Bandh’ on Monday to protest rising petrol and diesel prices and claimed it was a “grand success” due to the participation of people who have sent a message to the Narendra Modi government rejecting its policies. Top Congress leaders including party chief Rahul […]
Bharat Bandh call given to divert people’s attention from Herald case: BJP
NEW DELHI: The BJP Monday claimed that the ‘Bharat Bandh’ call given by the Congress was to divert the people’s attention from the hearing in the Delhi High Court on a matter related to the National Herald case involving its “corrupt” leaders. Welcoming the Delhi High Court’s order to dismiss pleas of Congress leaders Sonia […]
Sporadic incidents of violence during oppn-sponsored ‘Bharat Bandh’ against fuel price hike
NEW DELHI: Sporadic incidents of violence were reported Monday during a Congress-led opposition sponsored ‘Bharat Bandh’ against spiralling fuel prices that disrupted normal life mainly in Bihar, Kerala, Karnataka, Assam and Odisha. As the Congress top brass including party chief Rahul Gandhi targeted the Modi government at a protest rally in Ramlila maidan in Delhi, […]
Two independent directors of Jaypee Infratech resign
NEW DELHI: Jaypee Infratech Ltd, which is facing insolvency proceedings, Monday said that the company’s two independent directors — Keshav Prasad Rau and Basant Kumar Goswami — have resigned. While Rau has cited personal reasons for the resignation, Goswami resigned because of his growing age and indifferent health, the debt-ridden firm said in a regulatory […]
Property mapping via drones to boost transparency: Experts
MUMBAI: India’s new drone regulations are set to change the landscape of the real estate sector from December, as the 3-D mapping of properties will not just become powerful tool for marketing but will further boost transparency and accountability, industry experts say. The commercial use of drones under the recently announced DGCA norms has been […]
About 13 SEZ developers, units seek more time to implement projects
NEW DELHI: As many as 13 special economic zone (SEZ) developers and units including G P Realtors, JBF Petrochemicals and Aurobindo Pharma have sought more time from the commerce ministry to implement their projects. Decision on these proposals would be taken by the Board of Approval (BoA) for Special Economic Zones (SEZs) in its meeting […]
Aadhar Housing Finance to raise up to Rs 1,400 crore via NCDs
NEW DELHI: Aadhar Housing Finance (AHFL) Monday said it is planning to raise up to Rs 1,400 crore through non-convertible debentures (NCDs), maturing in three, five and 10 years. The base size of the issue is Rs 500 crore, with an option to retain over subscription up to Rs 900 crore. The company is offering […]
Pakistan plans to renegotiate agreements reached under China’s Belt and Road Initiative
ISLAMABAD: Pakistan Prime Minister Imran Khan’s newly elected government plans to renegotiate the agreements reached under China’s ambitious Belt and Road Initiative (BRI) as it “unfairly benefits Chinese companies”, according to a media report. The projects concerned are part of the multi-billion China-Pakistan Economic Corridor (CPEC) plan – the most ambitious part of the BRI, […]
CBI moves extradition request against Nirav Modi’s brother Nishal
NEW DELHI:The CBI has moved an extradition request to bring back Nishal Modi, the brother of fugitive billionaire Nirav Modi who is accused in USD 2-billion banking fraud case in Punjab National Bank, officials said Monday. The request was sent to the Home Ministry on Friday. The Home Minister will send it to Belgium, where […]