Category: NEWS

Vondom partners with P3 Architectural Solutions for exclusive distribution in India

NEW DELHI: Another feather in the cap of P3, wherein P3 and Vondom join hands to market their outdoor furniture on Exclusive Pan India tie up. Vondom produces sophisticated indoor and outdoor furniture made of polyethylene and polypropylene which includes chairs with or without illumination, tables, sofas, sun lounges and daybeds with simple – elegant […]

Surplus, liquidity issues likely to rock RBI’s November 19 board meeting

NEW DELHI: The RBI’s board meeting on November 19 is expected to be a stormy affair in the backdrop of the ongoing tussle between the government and the central bank, sources said, adding that some members are likely to raise issues concerning capital framework, management of surplus and liquidity measures for MSMEs. Tensions between the […]

FPIs infuse Rs 4,800 crore in just 5 trading sessions on cooling crude oil prices

NEW DELHI: Foreign investors have pumped in nearly Rs 4,800 crore into the Indian capital markets in the last five trading sessions, after pulling out hefty funds in October, amid cooling global crude oil prices and rising rupee. The recent infusion comes following a net outflow of more than Rs 38,900 crore in October, which […]

Reliance Communications pays Rs 62.4 lakh to settle case with Sebi

NEW DELHI: Reliance Communications (RCom) has settled a case with the Securities and Exchange board of India (Sebi) for alleged non-cooperation with credit rating agencies and debenture trustees in violation of listing norms. The company has also reached a settlement regarding non-compliance with listing norms, including failure to inform interest payment default on debentures, Sebi […]

Mphasis acquires US-based Stelligent for $25 million

MUMBAI: Mid-size information technology company Mphasis on Friday announced acquisition of a US-based technology services player Stelligent for $25 million in an all-cash deal. Established in 2007, the Reston, Virginia- headquartered Stelligent specialises in ‘DevOps automation’ on Amazon Web Services (AWS), the online retail giant’s cloud offering, an official statement said. Mphasis chief executive and […]

India inducts 3 major artillery gun systems

DEOLALI:  India’s Defence Minister Nirmala Sitharaman on Friday inducted three major artillery gun systems, including the M777 American Ultra Light Howitzers and the K-9 Vajra, into the Army. The third gun system inducted is the ‘Composite Gun Towing Vehicle’ for towing some of the existing guns in service with the country, while K-9 Vajra is […]

Hyderabad metro’s Hi-Tec City stretch to open by December end: Official

HYDERABAD: A 10km metro rail stretch between Ameerpet and Hi-Tec City will be opened by December end this year, a top official said on Monday. Work was going according to schedule, Hyderabad Metro Rail Limited (HMRL) managing director N V S Reddy told mediapersons here. “Metro work progress is pretty good and it is going […]

NCDRC directs Unitech to refund over Rs 18 crore to home buyers’ association

NEW DELHI: The National Consumer Disputes Redressal Commission (NCDRC) has asked real estate giant Unitech Limited to refund over Rs 18 crore to members of a home buyers’ union for failing to hand over the possession of apartments. The apex consumer commission has asked the company to refund within six weeks the amount of Rs […]

PNB scam: Enforcement Directorate attaches 11 properties worth Rs 56 crore of Nirav Modi in Dubai

NEW DELHI: The Enforcement Directorate (ED) said it had attached 11 properties worth over Rs 56 crore of fugitive diamond jeweller Nirav Modi in Dubai in connection with its money-laundering probe in the $2-billion Punjab National Bank (PNB) fraud case. The central probe agency said the assets were in the name of “Modi and his […]

PE, VC investments in real estate touch $2.99 billion in January-August: IEBF

NEW DELHI: The Indian real estate sector has attracted nearly USD 3 billion as private equity and venture capital investments during January-August 2018, according to Indo-European Business Forum (IEBF). IBEF, at its recently held 2018 summit in London, discussed the real estate sector’s potential to reach USD 1 trillion by 2030, becoming one of the […]

Back To Top