Tenders worth Rs 88,000 crore for bullet train project by January next year: Report
NEW DELHI: The National High Speed Corporation Limited (NHSRCL) is gearing to float more than 20 tenders for the bullet train project by January next year, sources in the railway ministry said. The tenders amounting to Rs 88,000 crore will be for coaches, infrastructure, signalling, technology, among others, the source said. Amid local resistance against […]
Nitin Gadkari to lay foundation stone for Rs 1,224 crore NH projects in Uttar Pradesh
NEW DELHI: The Union Minister for Road Transport & Highways, Shipping, Water Resources, River Development and Ganga Rejuvenation Nitin Gadkari will lay the foundation stone for widening and improvement of Rs 1224 crore worth of National Highways (NH) works in Uttar Pradesh tomorrow. The projects include widening and improvement of Ramjanaki Marg (NH-227A) from Ayodhya […]
Amalgamation not on cards; focus on internal consolidation: PNB MD
NEW DELHI: Ruling out possibility of inorganic expansion, Punjab National Bank (PNB) Managing Director (MD) Sunil Mehta said the bank is currently focussed on internal consolidation and making it financially healthy. With Rs 14,000 crore Nirav Modi episode getting out of scene, the bank is focussing on growth and recovery of bad loans, he told […]
India plans to auction over 100 mineral blocks by March 2019
NEW DELHI: Having secured Rs 1.81 lakh crore in its kitty from e-auction of 50 mineral blocks, the government is looking to put on block another 100 mines in the next six months, according to the Ministry of Mines. The government so far has auctioned 50 mines, including 23 limestone, 17 iron ore, 4 gold, […]
First trial run of Ahmedabad-Gandhinagar metro planned in January
NEW DELHI: The first trial run of the Ahmedabad-Gandhinagar metro rail project will take place in the first week of January next year on a 6.5 km stretch within the city, Gujarat Chief Minister Vijay Rupani said on Saturday. He was speaking after unveiling the mock-up coach of the metro. The first trial run will […]
Aadhaar mandatory to get treatment under Ayushman Bharat for 2nd time
NEW DELHI: Aadhaar is not mandatory to avail benefits for the first time under the recently-launched Ayushman Bharat-Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) but will be compulsory for those seeking treatment under the scheme for the second time, according to a top official. In case the Aadhaar number is not available, beneficiaries have to at […]
India ideal investment destination, says Narendra Modi
NEW DELHI: Prime Minister of India Narendra Modi has inaugurated Uttarakhand’s first investors summit on Sunday, saying India is the ideal investment destination in the world today with major social and economic changes sweeping the country. Addressing the country’s top business leaders and industrial houses at ‘Destination Uttarakhand: Investors Summit 2018’, Modi said the country […]
Qualcomm plans to set up campus in Hyderabad—its largest outside USA
NEW DELHI:Tech major Qualcomm on Saturday announced plans to set up its largest campus outside the United States of America (USA) here. The company’s officials met Minister for IT in the Caretaker government K T Rama Rao on Saturday to discuss their growth plans in the city. “Qualcomm will be investing USD 400 million (Rs […]
Atal Innovation Mission & SIRIUS sign MoU for promotion of innovative cooperation between students of India, Russia
NEW DELHI: To promote innovative cooperation between students of India and Russia, a Memorandum of Understanding (MoU) was exchanged between India’s Atal Innovation Mission (AIM) and the Russian Federation’s SIRIUS Educational Foundation in the presence of the Prime Minister of India Narendra Modi and the President of Russia H.E. Vladimir Putin, in New Delhi on […]
S-400 deal shows highest level of trust between Russia and India: Russian official
MOSCOW: Russia’s decision to sell the sophisticated S-400 Triumf air defense missile system to India by 2020 testifies to the highest level of trust and understanding between the two strategic partners, a top official of a Russian industrial conglomerate said on Friday. India and Russia concluded the USD 5 billion S-400 air defence system deal, […]
OMCs to complete $10 billion overseas borrowing in 1-year: Finance Ministry
NEW DELHI: A day after relaxing overseas borrowing norms for oil companies, the government of India on Thursday said state-owned fuel retailers will have to complete $10 billion external commercial borrowing (ECBs) within a year and they would not be required to hedge the exposure. The Reserve Bank of India (RBI) on Wednesday relaxed policy […]
India, Russia sign USD 5 billion S-400 deal
NEW DELHI: India and Russia signed the USD 5 billion S-400 air defence system deal on Friday after wide-ranging talks between Prime Minister Narendra Modi and Russian President Vladimir Putin, official sources said. The agreement was signed in the presence of both the leaders at the 19th India-Russia annual bilateral summit. The S-400 missile defence […]
India , ADB sign $110 million loan to improve rural connectivity in Madhya Pradesh
NEW DELHI: Government of India and Asian Development Bank (ADB) have signed a $110 million loan to finance the upgrade of 2,800 kilometers all-weather rural roads in the State of Madhya Pradesh under the Prime Minister’s Rural Roads Program (PMGSY). Tranche 2 loan is part of the $500 million Second Rural Connectivity investment Program for […]
India, Russia ask countries to fully implement Paris pact; commit to promoting green development
NEW DELHI: India and Russia on Friday asked all countries to fully implement the Paris Agreement on climate change while committing to promote green development and low-carbon economy. In a joint statement issued after the 19th India-Russia annual summit between Prime Minister Narendra Modi and Russian President Vladimir Putin, both the nations also asked developed […]
Real estate: Industry reactions on RBI’s Bi-Monthly Policy Review
NEW DELHI: As Monitoring Policy Committee of Reserve Bank of India (RBI) today keeps key Policy Rate Unchanged. Lat’s go through realtors reaction on the RBI’s repo rate. Dhiraj Jain, Director, Mahagun Group The decision of RBI to keep the rates unchanged is a clear indication that the apex bank wants to maintain its vigilant […]
NGT asks Delhi govt, DU to submit list of buildings lacking rain water harvesting system
NEW DELHI: The National Green Tribunal (NGT) has directed the Aam Aadmi Party (AAP) government and the Delhi University (DU) to submit within two weeks a list of buildings which have not installed rain water harvesting system. A bench of Justice Raghuvendra S Rathore and expert member S S Garbyal passed the order noting that […]