NGT directs DPCC to stop polluting activities at Ghazipur Murga Mandi
NEW DELHI: The National Green Tribunal has directed the Delhi Pollution Control Committee to identify, initiate prosecution and stop polluting activities and recover compensation from violators at Ghazipur Murga Mandi. A bench headed by NGT chairperson Justice Adarsh Kumar Goel also asked the Delhi Pollution Control Committee (DPCC) to take steps to prevent slaughtering of […]
Kumar Mangalam Birla tells government he is willing to give up promoter stake in Vodafone Idea
NEW DELHI: Kumar Mangalam Birla has told the government of India he his willing to offer his stake in Vodafone Idea Limited (VIL) to any state-owned or “domestic financial entity” to keep the stressed telecom company afloat. Birla, VIL’s promoter and chairman of the Aditya Birla Group, made the suggestion in a letter to union […]
Signature Global launches to invest Rs 700 crore to build new housing project ‘Signature Global City 37D’ in Gurugram
NEW DELHI: NCR-based realty developer Signature Global said that it will invest Rs 700 crore to develop 1296 independent premium floors in 324 plots spread across 20.6 acre under DeenDayal Jan AwasYojana (DDJAY) in Gurgaon. The company is majorly supported by IFC, an arm of World Bank and HDFC CAPITAL. For now, 648 floors are […]
Haryana government issues transfer orders of 26 IAS officers
CHANDIGARH: In a major administrative reshuffle, the Haryana government has issued transfer and posting orders of 26 IAS officers with immediate effect, according to a statement issued here on Sunday. Among those transferred include Pankaj Yadav, Commissioner, Ambala Division. He has been posted as Commissioner, Rohtak Division. P C Meena, Director General and Secretary, Skill […]
India’s GST revenue at over Rs 1.16 lakh crore in July
NEW DELHI: GST revenue for the month of July stood at over Rs 1.16 lakh crore, 33 per cent higher than the collection in the same month of 2020, indicating that the economy is recovering at a fast pace, the finance ministry said on Sunday. Goods and Services Tax (GST) collection in July 2020 was […]
Maldives style water villas soon in Lakshadweep
India’s popular island destination Lakshadweep will soon have three premium Maldives style water villas, claimed to be the first of its kind in the country. The three premium projects will come up in Minicoy, Kadmat and Suheli islands at a cost of Rs 800 crore, for which the administration floated global tenders on Saturday With […]
Hindalco Industries plans to invest Rs 8,000-10,000 crore in three plants
NEW DELHI: Aditya Birla group firm Hindalco Industries is planning to invest around Rs 8,000-10,000 crore in Hirakud, Silvassa and Mundra plants. The investment will be for expanding flat rolling capacity at Hirakud, Odisha, new extrusion plant at Silvassa in Dadra and Nagar Haveli, and in a greenfield site at Mundra in Gujarat with a […]
479 infrastructure projects show cost overruns worth Rs 4.4 trillion
NEW DELHI: As many as 479 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.4 lakh crore, according to a report. The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above. Of the 1,770 such projects, 479 reported […]
Noida Airport land handed over to private developer, construction soon
NEW DELHI: In a stepping stone for the development of Noida International Airport, a pact was signed between the Uttar Pradesh government’s joint venture company and Swiss developer Zurich International Airport AG’s special purpose vehicle on Saturday for handing over of the 1,334 hectare land at the project site in Jewar. The “license memorandum” was […]
India extends suspension on international passenger flights till August 31
NEW DELHI: The coronavirus-induced suspension of scheduled international passenger flights has been extended till August 31, aviation regulator DGCA said on Friday. “However, international scheduled flights may be allowed on selected routes by the competent authority on a case-to-case basis,” the Directorate General of Civil Aviation added. Scheduled international passenger services have been suspended in […]
ED arrests Ambience group promoter Raj Gehlot in money-laundering case
NEW DELHI: The ED has arrested Raj Singh Gehlot, promoter of the Ambience group, in a money-laundering case linked to an alleged bank loan fraud of Rs 800 crore, officials said on Thursday. They said Gehlot was arrested on Wednesday under the provisions of the Prevention of Money Laundering Act (PMLA). He was produced before […]
In boost for Indian IT, US to conduct rare 2nd lottery for H-1B applicants
NEW DELHI: The US Citizenship and Immigration Services (USCIS) said that a decision was taken after determining that the computerised draw of lots for H-1B visas conducted early this year did not give them enough number of Congressional mandated H-1B visas. The H-1B visa, most sought-after among Indian IT professionals, is a non-immigrant visa that allows […]
Supreme Court reserves verdict on Amazon’s pleas against Future-Reliance deal
NEW DELHI: The Supreme Court Thursday reserved verdict on the pleas of e-commerce giant Amazon against the Rs 24,713 crore deal for merger of Future Retail Ltd (FRL) with Reliance Retail. Amazon.com NV Investment Holdings LLC and FRL are embroiled in a bitter legal fight over the deal and the US-based firm has sought in […]
ArcelorMittal posts $4 billion net income in April-June quarter
NEW DELHI: Global steel giant ArcelorMittal on Thursday posted a net income of USD 4,005 million for the second quarter ended June 30, 2021. The world’s largest steelmaker had clocked a net loss of USD 559 million in the year-ago quarter, the company said in a statement. The Luxembourg-headquartered integrated steel and mining company follows […]
Rakesh Jhunjhunwala plans 70 planes for new ultra-low cost airline
NEW DELHI:Billionaire investor Rakesh Jhunjhunwala is planning on having 70 aircraft within four years for a new airline he wants to set up in India on optimism more people will travel by air. Jhunjhunwala, who is considering investing $35 million and would own 40% of the carrier, expects to get a no-objection certificate from India’s […]
Sundaram Home Finance seeks to raise Rs 2,500 crore to fund growth plans
NEW DELHI: Sundaram Home Finance Ltd, the subsidiary of non-banking finance company Sundaram Finance Ltd, reported a net profit at Rs 40.04 crore for the quarter ending June 30, 2021, the company said on Wednesday. The city-based company had registered net profits at Rs 33.94 crore during correpsonding quarter previous year, Sundaram Home Finance said […]