Category: NEWS

Innovations for festive sales help build capabilities for future: Flipkart

NEW DELHI: Flipkart has significantly expanded its infrastructure and delivery operations ahead of the festive sale, an investment that the Walmart-backed company believes will help further strengthen its capabilities in the long-term. Flipkart, which will host its Big Billion Days (BBD) sale from October 10-14 this year, has doubled its warehousing capacity and now has […]

Vatika group to invest Rs 8000 crore on township project at Gurugram

NEW DELHI: Realty firm Vatika group said that the company will invest about Rs 8,000 crore to develop a 224-acre township project in Gurugram over the next seven years. The company will develop 15,000 housing units and 6.5 million sq ft of commercial space in this township project ‘Vatika India NEXT2’. The units to be […]

Narendra Modi inaugurates modern food processing facilities in Anand

NEW DELHI: The Prime Minister of India Narendra Modi, inaugurated modern food processing facilities, including Amul’s ultra-modern Chocolate Plant, at Anand today. He also visited the chocolate plant and was briefed on the various technologies used, and products being made there. Speaking on the occasion, he thanked the people of Anand for turning out in […]

E-commerce companies will have to register in every state for collecting TCS

NEW DELHI: E-commerce operators will have to register themselves in every state where their suppliers are located for collection of tax collected at source (TCS) and foreign companies can appoint an ‘agent’ on their behalf for securing such registration, the Central Board of Indirect Taxes and Customs (CBIC) has said. From October 1, e-commerce companies […]

LIC, SBI, and Orix to subscribe to Rs 4500 crore IL&FS rights issue

NEW DELHI: In a major breather to debt-laden Infrastructure Leasing & Finance Services (IL&FS), its largest shareholders Life Insurance Corp (LIC) and Orix Corp, and State Bank of India (SBI), on Saturday announced they would subscribe to the proposed Rs 4,500 crore rights issue of the company. The announcement came during the company’s annual general […]

OVL, partners to pay $230 million in out of court settlement with Rosneft

NEW DELHI: ONGC Videsh Ltd (OVL) and its partners in Russia’s Sakhalin-1 project have agreed to pay Russian giant Rosneft $230 million to settle an oil production dispute out-of-court, its Managing Director N K Verma said. Rosneft had dragged the Sakhalin-1 consortium to court alleging “unjust enrichment and interest gained by using other people’s money” […]

5G launch to enhance possibilities of affordable telecom services across sectors: Akhil Gupta

NEW DELHI: The launch of 5G services will enhance the possibilities of affordable telecom services across sectors, thereby paving the way to achieve the objectives set by the recently announced National Digital Communications Policy 2018, said Akhil Gupta, Vice Chairman, Bharti Group & Executive Chairman, Bharti Infratel. Gupta was addressing the 6th Edition of CII […]

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