Skywalk and FOB at ‘W’ Point, ITO inaugurated
NEW DELHI: Housing and Urban Affairs Minister Hardeep S Puri has inaugurated and dedicated to people of Delhi a skywalk and FOB at the junction of Sikandra Road, Mathura Road, Tilak Marg and Bahadur Shah Zafar Marg at ‘W’ point near Hans Bhavan. Lieutenant Governor of Delhi Anil Baijal, Member of Parliament Meenakshi Lekhi, Secretary […]
India invites bids for international Udan flights
NEW DELHI: The government of India has invited proposals from interested air operators for the international version of its ‘Udan’ (Ude Desk Ka Aam Nagrik) scheme as it seeks to enhance air connectivity from India to select overseas destinations. This is despite the domestic format of the scheme failing to yield desired results with almost […]
MSME Ministry refocuses schemes to support small enterprises: Official
NEW DELHI: The Micro, Small and Medium Enterprises Ministry has re-oriented its various schemes to support small businesses and would roll them out very soon, a senior official said on Friday. “So we have re-oriented our schemes and very soon we will roll them out one by one and in this entire ecosystem we should […]
Narendra Modi reviews oil, gas production profile of ONGC, OIL
NEW DELHI: The Prime Minister of India Narendra Modi on Friday reviewed the oil and gas production profile of state-owned ONGC and OIL over the near to medium term to assess how his target to cut oil imports by 10 per cent would be met. Sources with direct knowledge of the meeting said Oil and […]
Centre approves land pooling policy for Delhi
NEW DELHI: The Centre has approved a land pooling policy for Delhi, which will allow the city to get 17 lakh housing units capable of accommodating 76 lakh people. Last month, the policy was approved by the Delhi Development Authority (DDA) under the chairmanship of Lt Governor Anil Baijal. “Yes, I have signed it (land […]
New industrial policy to transform India into global leader in fourth industrial revolution technologies
NEW DELHI: The New Industrial Policy framed by the Ministry of Commerce in consultation with all Ministries of Government of India, State Governments, Industry and all stakeholders embodies the Government’s intention to align India with the emerging technologies of drones, artificial intelligence and block chain. This was stated by the Union Minister of Commerce & […]
India, Azerbaijan sign protocol on trade and economic, science and technology cooperation
NEW DELHI: The 5th meeting of India-Azerbaijan Inter-Governmental Commission on Trade and Economic, Science and Technology Cooperation (IA-IGC) was held on 11-12 October, 2018 in New Delhi. The meeting was co-chaired by Union Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu and Minister of Ecology and Natural Resources of the Government of Republic […]
Delhi court orders attachment of Vijay Mallya’s properties in Bengaluru
NEW DELHI: A Delhi court on Thursday ordered attachment of liquor baron Vijay Mallya’s properties in Bengaluru in a case relating to FERA violations. Chief Metropolitan Magistrate Deepak Sherawat issued fresh directions after the Bengaluru Police, through ED’s special public prosecutor N K Matta and advocate Samvedna Verma, sought more time to execute its earlier […]
LIC’s open offer for 26% stake in IDBI Bank to begin from 3 December
NEW DELHI: LIC’s open offer to purchase shares from the minority shareholders of IDBI Bank will kick-start from 3 December, IDBI Bank said on Thursday. The open offer, at Rs 61.73 per equity share, will close on 14 December. LIC has offered to acquire 2,04,15,12,929 equity shares, representing 26% of the fully paid-up equity capital […]
Delhi High Court directs Shivinder Singh to pay up Daiichi money
NEW DELHI: The Delhi high court on Thursday directed former Ranbaxy Laboratories Ltd promoter Shivinder Singh to pay the money owed to Japanese pharma major Daiichi Sankyo Inc. under an arbitral award won by it in 2016. The court also asked Shinvinder Singh to form by 30 October a “viable” plan of payment of his […]
INX Media case: ED attaches Karti Chidambaram’s assets worth Rs 54 crore in India, abroad
NEW DELHI: The Enforcement Directorate (ED) on Thursday said it has attached assets worth Rs 54 crore of Karti Chidambaram, son of former Finance Minister P Chidambaram, in India, UK and Spain in connection with the INX Media money laundering case, an action termed “bizarre and outlandish” by him. The central probe agency issued a […]
PMLA tribunal asks ED to maintain status quo on properties of Vijay Mallya
NEW DELHI: The appellate tribunal against money laundering on Wednesday directed Enforcement Directorate (ED) to maintain “status quo” with regard to the properties of fugitive liquor baron Vijay Mallya till 26 November. Justice Manmohan Singh, chairman of Appellate Tribunal on Prevention of Money Laundering Act, restrained Mallya from dealing with his movable and immovable properties […]
Narendra Modi approves permanent campuses of Indian Institutes of Science Education & Research at Tirupati and Berhampur
NEW DELHI: The Union Cabinet chaired by the Prime Minister of India Narendra Modi has approved establishment and operationalistion of permanent campuses of the two new Indian Institutes of Science Education & Research (IISERs) at Tirupati (Andhra Pradesh) and Berhampur (Odisha). The total cost likely to be incurred is Rs. 3074.12 crore (Non-Recurring: Rs.2366.48 crore […]
Supreme Court of India orders sealing on 9 properties at Noida, Greater Noida
NEW DELHI: The Supreme Court on Wednesday ordered the sealing of nine properties of embattled real estate company Amrapali after its three directors, who are in police custody, said that the documents related to the group’s 46 firms were stored there. The three directors moved an application before a bench comprising Justices U U Lalit […]
Dividend cut from oil marketing companies unlikely; disinvestment target to be met: Finance ministry
NEW DELHI: The finance ministry on Tuesday said it does not expect a cut in dividend from oil marketing companies despite these retailers absorbing Re 1 per litre from last week. Economic Affairs Secretary in a tweet said there is no plan for reduction in subsidy and disinvestment target will also be met. He was […]
Steel Minister urges tech giants to invest in minerals and metals sector in India
NEW DELHI: India’s steel Minister Chaudhary Birender Singh has urged international investors and technology giants to invest in the minerals and metals sector in India. Speaking at the International Conference, on Minerals and Metals – Outlook 2030, being held in New Delhi, he saidIndia’s mining sector offers tremendous potential and presents a vast opportunity for […]