Chandrayaan-2 launch rescheduled for July 22: ISRO
BENGALURU: India’s second mission to the Moon Chandrayaan-2, which was called off due to a technical snag, has been rescheduled for launch on July 22, the Indian Space Research Organisation (ISRO) said on Thursday. On July 15, the launch was aborted 56 minutes and 24 seconds before lift-off at 1.55 am following a technical problem […]
Amit Shah to head ministerial panel on Air India sale
NEW DELHI: India’s Home Minister Amit Shah will head a reconstituted group of ministers (GoM) on Air India disinvestment and Road Transport Minister Nitin Gadkari has been dropped from the panel, sources said. The panel, which is to work out modalities for sale of Air India, will now have four ministers – Shah, Finance Minister […]
Ebix to acquire Yatra for USD 338 million
NEW DELHI: US-based software firm Ebix Inc has signed a definitive agreement with Yatra Online Inc to acquire the online travel agency through a merger deal at an enterprise value of USD 337.8 million (around Rs 2,325 crore), according to a statement. Following the completion of the transaction, Yatra will become part of Ebix’s travel […]
Russia to deliver S-400 missiles in 2023
NEW DELHI: Russia is likely to deliver the S-400 missile systems to India by April 2023, the government said on Wednesday. Asked about the US pressure to scrap the missile deal with Russia, the government said it takes sovereign decisions based on security challenges facing the country. “A contract has been signed on October 5, […]
Air India to restart Delhi-Amritsar-Birmingham flight
NEW DELHI: The tri-weekly Delhi-Amritsar-Birmingham Air India flight would resume services on August 15, said Civil Aviation Minister Hardeep Singh Puri on Wednesday after Pakistan opened its airspace for civilian planes. Pakistan had shut its airspace in February after the Balakot strike by the Indian Air Force, resulting in a significant rise of Air India’s […]
Lenders to DHFL ready for haircut in rescue: Sources
BY: Swati Bhat and Nupur Anand MUMBAI: Lenders to India’s Dewan Housing Finance Ltd (DHFL) are ready to accept limited haircuts in a restructuring plan being worked out for the troubled firm, sources said. The country’s fourth largest housing finance company, which warned on Saturday that its financial situation was grim and business had ground […]
Air India launches non-stop flight to Dubai from Kolkata
NEW DELHI: Air India (AI) on Tuesday launched its non-stop flight service to Dubai from Kolkata, responding to a long-standing demand for direct flights to the Gulf city. Inaugurating the flight at the NSC Bose International Airport here, AI Regional Director Sanjay Mishra said the new service has evoked a lot of enthusiasm among the […]
For MSME, Maharashtra govt gives Ramdev land reserved for BHEL Plant
NEW DELHI: The BJP-led Maharashtra government has invited Yoga guru Ramdev, the promoter of Patanjali group, to set up a unit on an unused chunk of land in Latur district, originally reserved for a BHEL plant, for which a stamp duty waiver is being offered, according to sources. It is likely that a soybean processing […]
In new video, IMA Jewels chief Mohammed Mansoor Khan says will return in 24 hours
NEW DELHI: Fugitive I Monetary Advisory (IMA) Group of Companies managing director Mohammed Mansoor Khan uploaded a fresh video message on Monday, contending that he would come back to India within 24 hours to refund money to the investors. Khan, who is accused of cheating 40,000 investors to the tune of Rs2,000 crore, fled India […]
Indian-Americans thrilled over Narendra Modi’s possible community address in Houston
NEW DELHI: The Indian diaspora in Houston are thrilled over reports that Prime Minister Narendra Modi could visit America’s energy capital to address them during his planned trip to the US to attend the annual United Nations General Assembly (UNGA) meeting in September. Community leaders said the dates for the prime minister’s address has not […]
Odisha per capita loan burden Rs 18,228
NEW DELHI: Odisha’s per capita loan burden touched Rs 18,228 as the state incurred a total debt of Rs 82,570.68 crore as of May, Finance Minister Niranjan Pujari said on Monday. The finance minister said this while replying to a written question of Congress MLA Narasingha Mishra in the Assembly. He said, the state has […]
Goa plans to set up Fisheries Corporation
PANAJI: Goa Chief Minister Pramod Sawant on Monday said his government is planning to set up a Fisheries Corporation to keep a check on the prices of fish, the key kitchen staple in the coastal state. He was responding in the state Assembly to Congress MLA Aleixo Reginaldo Lourenco, who asked why a price control […]
Infosys Q1 net grows 5.2 per cent to Rs 3,802 crore; ups revenue guidance to 8.5-10%
NEW DELHI: IT behemoth Infosys Ltd posted better-than-expected 5.3 per cent rise in its June quarter net profit as it bagged more orders, and raised revenue growth forecast for the current fiscal to 8.5-10 per cent range. The country’s No 2 IT services firm posted a net profit of Rs 3,802 crore, or Rs 8.83 […]
RBI to come out with mobile app for currency notes identification
NEW DELHI: The Reserve Bank of India (RBI) will come out with a mobile application to help visually challenged people in identifying currency notes as cash still remains a dominant mode of transaction. At present, banknotes in the denominations of Rs 10, 20, 50, 100, 200, 500 and 2,000 are in circulation, besides Re 1 […]
PVR Pictures expands its footprint in distribution of Indian films
NEW DELHI: PVR Ltd is expanding in the distribution business of Indian films and expects a substantial jump in the operations of its arm PVR Pictures, said a top company official. PVR Pictures, which was earlier focusing on distribution of foreign films only, is now also working with leading producers for Hindi and regional movies. […]
Delhi to give ownership rights to 7,200 families allotted land under 20-point programme
NEW DELHI: The Aam Aadmi Party (AAP) government has decided to grant ownership rights to around 7,200 families that got agricultural land in the mid-70s under a programme for landless people. Under the “20-point programme”, launched during former prime minister Indira Gandhi’s tenure in 1975-76, around 12,500 landless families in Delhi got land for cultivation, […]