Urjit Patel resigns as RBI Governor
NEW DELHI: Reserve Bank of India (RBI) Governor Urjit Patel, who had a run in with the government over autonomy of the central bank, Monday resigned from his post. In a brief statement, Patel said he has decided to step down with immediate effect. He, however, did not specify the reason for the decision. Patel […]
Madras High Court grants interim relief to Tamil Nadu schools from property tax
CHENNAI: The Madras High Court on Friday issued an interim stay on amendments to state legislations that brought educational institutions in Tamil Nadu’s municipal areas under the property tax ambit of local authorities. A division bench comprising Justices S Manikumar and Subramonium Prasad, after hearing a Public Interest Litigation plea from All India Private Educational […]
Embassy to invest Rs 2,000-crore on ongoing housing projects
NEW DELHI: Realty firm Embassy Group will invest about Rs 2,000 crore to complete its ongoing housing projects and is looking to buy land or form joint ventures for expanding its presence in Bengaluru as well as other major cities, a senior company official said. Bengaluru-based Embassy Group’s President (Residential Business) Reeza Sebastian said the […]
All villages to be connected through broadband by 2019: Manoj Sinha
NEW DELHI: Telecom minister Manoj Sinha said on Sunday that high-speed broadband will reach each and every village of the country by 2019. He said the government targets to link 2.5 lakh village panchayats with the broadband under the BharatNet project. “By 2019, there will not be a single village left in the country, which […]
Ranchi-Raipur inaugural flight takes off
RANCHI: Air India subsidiary Alliance Air on Friday started the Ranchi-Raipur flight as part of the Centre’s regional connectivity scheme from the Birsa Munda Airport here. The inaugural flight was flagged off by Jharkhand Chief Minister Raghubar Das and Union Minister of State for Civil Aviation Jayant Sinha. We flagged off the Ranchi-Raipur flight. The […]
Qualcomm hopeful of faster 5G deployment in India
NEW DELHI: Mobile chipmaker Qualcomm is hopeful that 5G technology would be deployed in India at the same pace 4G networks were rolled out and noted the new-age technology offered great potential for consumers and enterprises alike. Speaking to PTI, Qualcomm Incorporated President Cristiano Amon said he is extremely happy with the pace at which […]
NPCCL to develop residential quarters for officials of Central Board of Indirect Taxes and Customs
NEW DELHI: The National Projects Construction Corporation Limited (NPCCL) is constructing 256 residential quarters for officials of Central Board of Indirect Taxes and Customs in Sector 9 in Delhi’s Dwarka. The residential project costing Rs 211 crore will be completed within 34 months. The department of revenue got the land measuring 17832 square meters for […]
Alstom successfully delivers last train for Sydney Metro
NEW DELHI: French company achieved a significant milestone by completing the last of the 22 Metropolis trains for Sydney Metro, currently being delivered on schedule from its Alstom’s Sricity facility in Andhra Pradesh. The flag-off ceremony at Sricity took place in the presence of Ling Fang, Alstom Senior Vice President Asia Pacific, Alain Spohr, Managing […]
SpiceJet offers special fares on new flights from Hyderabad
NEW DELHI: Budget carrier SpiceJet has announced the launch of eight new direct flights from Hyderabad connecting Kolkata, Pune and Coimbatore, starting 1 January next year. The Gurugram-based airline will also add another six new seasonal flights and frequencies from Bengaluru to Kochi, Port Blair as well as Bagdogra in West Bengal, SpiceJet said in […]
Jet Airways cuts base fares by up to 30% for 7 days
NEW DELHI: Private carrier Jet Airways has reduced its base fares by up to 30% for both domestic and international travel across its network under a limited period offer, the airline said on Wednesday. The seven-day offer, which commenced on Wednesday, is applicable to both business and economy class bookings as well as for some […]
Fugitive liquor tycoon Vijay Mallya offers to return 100% of public money
NEW DELHI: Fugitive liquor tycoon Vijay Mallya on Wednesday said his extradition from the UK to India will take its own legal course, while offering to pay back 100 per cent of “public money”. Mallya, who has been fighting a legal battle against his extradition to India, claimed that he has been falsely dubbed as […]
New train reservation rules: These many seats will now be reserved for women
NEW DELHI: Indian Railways has decided to reserve for women six berths in AC 3-tier of Rajdhani, Duronto and all fully air-conditioned trains, according to a circular issued by the Railway Board. This quota is in addition to a combined quota of four lower berths per coach allotted in AC 3-tier for senior citizens, female […]
L&T construction wins orders valued Rs 4562 crore
NEW DELHI: Larsen & Toubro (L&T) said its construction arm has bagged orders worth Rs 2106 crore across various business segments in the domestic market. Water and Effluent Treatment Business: The business has secured orders worth Rs 1954 Crore. A Design & Build order has been received from the Andhra Pradesh Capital Region Development Authority (AP CRDA) […]
AAI employees protest against government move to privatise 6 airports
NEW DELHI: Hundreds of employees of state-owned AAI on Tuesday staged protests across the country against the government’s decision to privatise six profit-making airports, according to a union representative. The protests were organised by the Airports Authority Employees Union. Last month, the government cleared a proposal to manage six AAI airports under public private partnership. […]
IPL player auction to be held in Jaipur on December 18: BCCI
NEW DELHI: The player auction ahead of the 2019 Indian Premier League (IPL) will be held in Jaipur on December 18, the Board of Control for Cricket in India (BCCI) announced on Monday. The auction will be a one-day affair and there is also a change in venue with the event moving to the Pink […]
Gaurs Group gives exit to Indiabulls, pays Rs 340 crores debt
NEW DELHI: NCR-based real estate developer Gaurs Group has provided an exit to Indiabulls by paying back a debt of Rs 340 crores. The debt was raised 1.5 years back and was used for the construction of Gaur City Mall in Greater Noida West. Gaurs Group in recent times has done tremendous sales in most […]