Narendra Modi launches development projects worth Rs. 1500 crore for Odisha
NEW DELHI: Prime Minister of India Narendra Modi visited Balangir in Odisha today. He launched several development projects worth Rs. 1500 crores and laid foundation stones of various Projects. The Prime Minister arrived at the Swami Vivekanand Airport in Raipur this morning and then left for Balangir. In Balangir, he dedicated Multi-Modal Logistics Park (MMLP) […]
Jammu & Kashmir Bank Q3 net profit up 43% at Rs 104 crore
NEW DELHI: Jammu & Kashmir Bank has reported 43% increase in its net profit at Rs 103.75 crore for the third quarter ended December 2018. The bank had earned a profit of Rs 72.47 crore in the October-December quarter of previous fiscal, the bank said in a statement. Total income of the bank rose to […]
India seeks better flight connectivity with Central Asia
NEW DELHI: India on Sunday proposed a dialogue on air corridors with the countries of landlocked Central Asia in an attempt to boost trade languishing below $2 billion for years, as foreign minister Sushma Swaraj stressed on the need for connectivity initiatives to follow the principles of financial responsibility. In a speech at the first […]
India re-promulgates ordinance to amend companies law
NEW DELHI: The government of India has re-promulgated an ordinance to amend the companies law to further improve the ease of doing business as well as ensure better compliance levels. Since the Bill to make amendments to the Companies Act, 2013, is pending in the Rajya Sabha, the ordinance has been re-promulgated. The Lok Sabha […]
Muthoot Microfin raises Rs 562 crore via securitisation
MUMBAI: Muthoot Pappachan group’s micro-lending arm raised Rs 561.7 crore through asset securitisation in the December quarter, when the non-bank lending segment was facing huge troubles with liquidity. With this, the total amount raised through securitisation by the IPO-bound Muthoot Microfin has crossed Rs 1,300 crore during the first nine months of the fiscal. “Securitisation […]
India’s largest startup ecosystem inaugurated in Kerala
KOCHI: India got its largest startup ecosystem on Sunday when Kerala Chief Minister Pinarayi Vijayan inaugurated here a 1.8-lakh-square-feet facility housing incubation set-ups across a string of segments in modern technology. The Integrated Startup Complex under the Kerala Startup Mission (KSUM) includes the ultra modern facilities of Maker Village that promotes hardware startups, the BioNest […]
Digital platform helps Maharashtra save Rs 12,000 crore in farm loan waiver
MUMBAI: Maharashtra has managed to save Rs 12,000 crore in farm loan waiver alone by adopting a digital platform that helped eliminate bogus claimants, Chief Minister Devendra Fadnavis said here on Sunday. The state had, in June 2017, announced a farm loan waiver worth Rs 34,022 crore amid rising incidents of farmer suicides due to […]
No light at the end of the tunnel for Meghalaya miners
SHILLONG: It is exactly a month after 15 miners have been trapped in an illegal rat hole coal mine in Meghalaya’s East Jaintia Hills district. The chances of their rescue continue to remain bleak as dewatering the mine has so far been a futile effort. Scientists and top notch agencies, known for their work in […]
Madras High Court grants Nalini Chidambaram interim protection from arrest
CHENNAI: In a breather for former finance minister P Chidambaram’s wife Nalini, the Madras High Court on Saturday granted her interim protection from arrest by the CBI in the Saradha chit fund case till she obtained regular anticipatory bail from a jurisdictional court in West Bengal. Justice G K Illanthiraiyan passed the interim order at […]
IDFC Bank re-named IDFC First Bank
NEW DELHI:Private sector lender IDFC Bank said its name has been changed to IDFC First Bank Ltd with effect from Saturday. “…the name of the Bank has been changed from IDFC Bank Ltd to ‘IDFC First Bank Limited’ with effect from January 12, 2019 by virtue of ‘Certificate of Incorporation pursuant to change of name’ […]
Toyota plans to launch its version of Maruti Suzuki Baleno in India next fiscal
NEW DELHI: Japanese auto major Toyota is gearing up to launch its version of Suzuki’s premium hatchback Baleno in the Indian market in the second half of next fiscal, according to sources. Toyota has been working on incorporating its own unique features to the model that has been a runaway success for Suzuki’s Indian arm […]
Finance ministry considers steps to prevent composition dealers from charging GST from buyers
NEW DELHI: In a consumer-friendly measure, the revenue department is planning to make it mandatory for composition dealers and service providers to declare their GST registration status in invoices to ensure that they do not charge any tax from buyers. The measure, once implemented, would check the widespread practice of composition dealers of charging GST […]
Andhra Pradesh signs MoU with Adani Group
NEW DELHI: The Andhra Pradesh government has signed an ambitious memorandum of understanding with the Adani group to build data centre parks in port city Visakhapatnam with a staggering investment of Rs 70,000 crore. With this, the integrated infrastructure conglomerate will make its foray into the digital infrastructure sector. The data centre parks, which will […]
Shapoorji Pallonji enters Delhi-NCR realty market with Rs 1200 crore housing project
NEW DELHI: Business conglomerate Shapoorji Pallonji on Wednesday announced its entry into the Delhi-NCR market and said it will develop a housing project here with an estimated investment of Rs 1,200 crore. The project ‘Joyville Gurugram’, spread over 18 acre land on Dwarka Expressway, will be developed by a USD 200 million platform established by […]
Train 18 is will soon start its journey on Delhi-Varanasi route: Piyush Goyal
NEW DELHI: Train 18 is will soon start its journey on the Delhi-Varanasi route, confirmed Railway Minister Piyush Goyal on Thursday, according to a PTI report. Prime Minister Narendra Modi will flag off the country’s fastest train. Train 18 will cover the 750-km route at a maximum speed of 160 kmph. The estimated run-time would […]
BEST bus strike to continue in Mumbai for the fourth day today
NEW DELHI: The indefinite strike by employees of the city’s civic transport undertaking Brihanmumbai Electric Supply and Transport (BEST) will continue Friday, as talks between union leaders and officials remained inconclusive. Shiv Sena president Uddhav Thackeray, whose party controls the Brihanmumbai Municipal Corporation (BMC), met the BEST union leaders in the presence of Mayor Vishwanath […]