Unilever’s Leena Nair joins French luxury fashion house Chanel as global chief executive
NEW DELHI: Leena Nair, the first female and youngest-ever Chief Human Resources Officer of Anglo-Dutch FMCG major Unilever has stepped down to join French luxury group Chanel as its Global Chief Executive. She was a member of the Unilever Leadership Executive (ULE), which is responsible for delivering Unilever’s business and financial performance. “Leena Nair, CHRO, […]
Neither PM nor finance minister know economics: BJP MP
MATHURA: BJP MP Subramanian Swamy here on Monday criticised his party’s government at the Centre, saying neither the PM nor the finance minister know economics. He also held the Union finance minister responsible for the price rise it the country, saying she does not consult anyone. “The government does not understand economics, neither the PM […]
Banks lost Rs 2.85 trillion due to loan default of 13 firms, alleges UBFU
NEW DELHI: Public sector banks have lost nearly Rs 2.85 lakh crore on account of loan dues of 13 corporates even as the banks are used to bail out ailing financial institutions such as Yes Bank and IL&FS, United Forum of Bank Unions alleged on Monday. In press release, UFBU’s Convener B Rambabu said the […]
Airports Authority of India to spend around Rs 25,000 crores for expansion and modification of existing terminals
NEW DELHI: The aviation sector in India has been affected due to severe disruption caused by the COVID-19 pandemic. The estimated losses incurred by airlines and airports in India in the financial year 2020-21 is approximately Rs.19,564 crore and Rs. 5,116 crore respectively. Due to the outbreak of COVID 19, scheduled domestic operations were suspended […]
Narendra Modi inaugurates, lays foundation stone of various projects worth around Rs 18,000 crore in Dehradun
NEW DELHI: Prime Minister Narendra Modi inaugurated and laid the foundation stone of various projects worth around Rs 18,000 crore in Dehradun. This includes the Delhi-Dehradun Economic Corridor (from Eastern Peripheral Expressway Junction to Dehradun), the greenfield alignment project from Delhi-Dehradun Economic Corridor, connecting Halgoa, Saharanpur to Bhadrabad, Haridwar, Haridwar Ring Road Project, Dehradun – […]
Modi government releases over Rs 1,666 crore to Maharashtra under Jal Jeevan Mission
NEW DELHI: Union Government led by Prime Minister Narendra Modi accords top priority to make provision of tap water connection in every rural household across the country. With a focus to expedite the implementation of Jal Jeevan Mission in Maharashtra, the Government of India (Narendra Modi government ) released 1,666.64 Crore to the State. Central […]
IREDA and THDCIL sign MoU for Green Energy collaborations
NEW DELHI: To provide its techno-financial expertise in developing Renewable Energy projects, Indian Renewable Energy Development Agency Ltd. (IREDA) today signed a Memorandum of Understanding (MoU) with THDC India Ltd (THDCIL). The MoU was signed by Pradip Kumar Das, Chairman & Managing Director (CMD), IREDA and Rajeev Kumar Vishnoi, CMD, THDCIL Under the MoU, IREDA […]
ONGC inks MoU with SECI to develop renewable, ESG projects
NEW DELHI: To realize its green energy objectives, Oil and Natural Gas Corporation Ltd (ONGC) has signed a Memorandum of Understanding (MoU) with Solar Energy Corporation of India (SECI). The MoU was signed by ONGC CMD Subhash Kumar and SECI MD Suman Sharma on behalf of the two national energy companies today, 2 December 2021, […]
Jet Airways in ‘advanced discussions’ with Boeing, Airbus for buying aircraft
NEW DELHI: Jet Airways, which is preparing to relaunch operations next year, on Friday said it is in “advanced discussions” with Boeing and Airbus for buying and leasing planes. The grounded airline has been acquired by Murarilal Jalan-Kalrock Capital consortium under the insolvency resolution process. The ongoing discussions are part of the grounded airline’s revival […]
India hasn’t imposed travel curbs like some other countries: MEA on Omicron
NEW DELHI: India has not imposed any travel curbs like some other countries that have stopped flights from regions or nations they relate to Omicron but has intensified surveillance mechanisms and protocol for those who happen to come from ‘at risk’ countries, the Ministry of External Affairs (MEA) said on Thursday. Asked about the ‘at […]
Microfinance.AI raises a pre-seed round of Rs 1.5 crore led by We Founder Circle
NEW DELHI: We Founder Circle (WFC) – a founder backing founder based early-stage start-up investor has led the $200,000 (Rs 1.5 crore) worth pre-seed investment round raised by Microfinance.ai, a digital mobile platform for local-language preferred users to avail micro-financial services. The round also witnessed participation by an array of esteemed investors including – FAAD […]
Madhya Pradesh to attract global investment from India Pavilion at EXPO2020 Dubai
NEW DELHI: The state of Madhya Pradesh will showcase its business attractiveness to global investors, along with the plethora of opportunities it has to offer across sectors such as textiles, food processing, pharmaceuticals, garments, tourism, FMCG, and automobiles at the India Pavilion of EXPO2020 Dubai, which prepares to organise the Madhya Pradesh Week from December […]
India, EU decide to expand clean energy cooperation
NEW DELHI: India and the European Union (EU) have vowed to scale up cooperation in areas of clean energy with a focus on offshore wind, green hydrogen and solar power besides deciding to encourage investments in the field of energy efficiency. Various aspects of deepening clean energy cooperation were discussed at a meeting of the […]
Karnataka government to enter into pact with German varsities
BENGALURU:The Karnataka Department of Higher Education and Bavarian Universities of Germany on Thursday decided to join hands together under National Education Policy (NEP-2020) and a schedule of proposed activities have been charted out. A meeting was held at Vidhana Soudha on Thursday between Minister for Higher Education C N Ashwath Narayan, representatives of the German […]
India will have nine nuclear reactors by 2024
NEW DELHI: The nation will have nine nuclear reactors by 2024 and a new nuclear project, the first in northern India, will come up 150 kms away from Delhi in Gorakhpur of Haryana, the government informed the Rajya Sabha. Minister of State for Personnel, Public Grievances and Pensions Jitendra Singh said, “By 2024 you will […]
India’s GST collections in November cross Rs 1.3 lakh crore, second highest ever
NEW DELHI: India’s gross GST revenue collected in the month of November 2021 is Rs 1,31,526 crore of which CGST is Rs 23,978 crore, SGST is Rs 31,127 crore, IGST is Rs 66,815 crore (including Rs 32,165 crore collected on import of goods) and Cess is Rs 9,606 crore (including Rs 653 crore collected on […]