Category: NEWS

In boost for Indian IT, US to conduct rare 2nd lottery for H-1B applicants

NEW DELHI: The US Citizenship and Immigration Services (USCIS) said that a decision was taken after determining that the computerised draw of lots for H-1B visas conducted early this year did not give them enough number of Congressional mandated H-1B visas. The H-1B visa, most sought-after among Indian IT professionals, is a non-immigrant visa that allows […]

ArcelorMittal posts $4 billion net income in April-June quarter

NEW DELHI: Global steel giant ArcelorMittal on Thursday posted a net income of USD 4,005 million for the second quarter ended June 30, 2021. The world’s largest steelmaker had clocked a net loss of USD 559 million in the year-ago quarter, the company said in a statement. The Luxembourg-headquartered integrated steel and mining company follows […]

Rakesh Jhunjhunwala plans 70 planes for new ultra-low cost airline

NEW DELHI:Billionaire investor Rakesh Jhunjhunwala is planning on having 70 aircraft within four years for a new airline he wants to set up in India on optimism more people will travel by air. Jhunjhunwala, who is considering investing $35 million and would own 40% of the carrier, expects to get a no-objection certificate from India’s […]

Sundaram Home Finance seeks to raise Rs 2,500 crore to fund growth plans

NEW DELHI: Sundaram Home Finance Ltd, the subsidiary of non-banking finance company Sundaram Finance Ltd, reported a net profit at Rs 40.04 crore for the quarter ending June 30, 2021, the company said on Wednesday. The city-based company had registered net profits at Rs 33.94 crore during correpsonding quarter previous year, Sundaram Home Finance said […]

Yes Bank, Indiabulls Housing Finance enter co-lending setup for home loans

NEW DELHI: Yes Bank and Indiabulls Housing Finance have come forward for a strategic co-lending tie-up to source and service home loans. Under this strategic co-lending agreement, they will offer home loans to homebuyers at competitive interest rates, Yes Bank and Indiabulls Housing Finance said in a joint release on Wednesday. The partnership aims at […]

Basavaraj Bommai to take oath as Karnataka Chief Minister at 11 am on Wednesday

NEW DELHI: Newly appointed leader of the BJP legislature party Basavaraj Bommai on Tuesday said Governor Thaawarchand Gehlot has invited him to form the government and he will take oath as Chief Minister at 11 AM on July 28. “I have informed the Governor about my election as the leader of the legislature party. He has […]

Lok Sabha sees repeated adjournments amid Opposition protests over Pegasus, farm laws

NEW DELHI: Lok Sabha on Tuesday witnessed a series of brief adjournments amid uproar created by opposition members over various issues, including the Pegasus spying controversy and the three contentious agri laws. While no legislative business could be transacted, the House for the first time in the Monsoon session took up “matters of urgent public […]

HDFC Bank’s Aditya Puri highest paid, ICICI Bank Sandeep Bakshi forgoes salary in Covid-19 year

NEW DELHI: HDFC Bank’s Aditya Puri emerged as the highest grossing banker among the top three private sector lenders in his retirement year with total emoluments of Rs 13.82 crore. His successor Sashidhar Jagdishan, who took over as the chief executive and managing director of the largest private sector lender on October 27, 2020 grossed […]

Found Rs 2,200 crore fictitious transactions: CBDT after raids on media group

NEW DELHI: The CBDT on Saturday claimed to have detected “fictitious transactions” of Rs 2,200 crore after the Income Tax Department carried out multi-city raids against the Dainik Bhaskar media group early this week. It said the searches that were launched on July 22 in nine cities like Bhopal, Indore, Delhi, Ahmedabad, Noida and some […]

Gorakhpur most favoured industrial destination after Noida

LUCKNOW:Gorakhpur is now emerging as the most favoured destination in Uttar Pradesh for industrialists after Noida. Gorakhpur, which is the home of Chief Minister Yogi Adityanath, has seen 259 small and big industrialists of the country acquiring land from Gorakhpur Industrial Development Authority (GIDA) to set up their factories in the district. According to the […]

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