DLF’s Q1 sales bookings jump nearly 7-fold to Rs 1,014 crore despite Covid-19
NEW DELHI: Realty major DLF Ltd’s sales bookings jumped nearly 7-fold year-on-year to Rs 1,014 crore during the April-June quarter of this fiscal, on strong demand for its independent floors and luxury homes in Gurugram. The company’s sales booking stood at Rs 152 crore in the April-June quarter of the 2020-21 fiscal year because of […]
Mansukh Mandaviya takes charge as Union Minister of Health & Family Welfare; Bharati Pravin Pawar takes charge as MoS
NEW DELHI: Mansukh Mandaviya took charge as the Union Minister of Health & Family Welfare, here today.Dr. Bharati Pravin Pawar took charge as the Union Minister of State for Health & Family Welfare. They were received by senior officers of the ministry including Rajesh Bhushan, Health Secretary, Vandana Gurnani, Additional Secretary and Mission Director, NHM […]
MoD signs contract with GSL for construction of two Pollution Control Vessels for Indian Coast Guard
NEW DELHI: Ministry of Defence (MoD) signed a contract with Goa Shipyard Ltd (GSL) for construction of two Pollution Control Vessels (PCVs) for Indian Coast Guard (ICG) at a cost of about Rs 583 crore, on June 22, 2021. These Special Role ships will be indigenously designed, developed and built by GSL. The acquisition is […]
Sequoia-backed Stanza Living in talks to raise funds at $600 valuation
BENGALURU: Stanza Living, a managed accommodation provider in India, is in the final stages of sealing a deal to raise up to $120 million in a Series D funding round led by an Abu Dhabi based investor, two sources with knowledge of the matter have told Reuters. The latest fundraising round had participation from some […]
Kalpataru to invest Rs 300 crore on new housing project in Mumbai
NEW DELHI: Real estate firm Kalpataru Ltd will invest Rs 300 crore to develop a housing project in Mumbai as part of its plan to expand the business and tap rising demand for residential properties. The 2.4-acre project ”Kalpataru Park Riviera” at Panvel comprises over 400 apartment units. In the first phase, the company has […]
Narendra Modi announces Rs 1000 crore Startup India seed fund
NEW DELHI: The Prime Minister Narendra Modi interacted with startups and addressed ‘Prarambh: Startup India International Summit’ via video conferencing. Ministers from BIMSTEC countries and Union Ministers Prakash Javadekar, Piyush Goyal and Som Parkash were present on the occasion. Speaking on the occasion, the Prime Minister said that the start-ups are changing the demographic characteristics of […]
Kapil Wadhawan’s fresh offer for DHFL, ‘100% refund’ to creditors
NEW DELHI: Kapil Wadhawan, the erstwhile promoter of Dewan Housing Finance Corporation Ltd (DHFL), has written to the administrator of the bankrupt company with a fresh proposal to repay 100 per cent of the principal debt to the creditors. In a letter which has also been marked to the Reserve Bank of India (RBI), the […]
GHMC polls: TRS emerges as single largest party, but BJP makes electoral inroads with a ‘saffron strike’
HYDERABAD: Backed by a high-octane campaign involving its top guns, the BJP on Friday made significant electoral inroads here in the fiercely contested GHMC polls, almost giving a scare to the ruling TRS, which just managed to retain control of the civic body it won four years ago. BJP’s resurgent performance prompted the state leadership […]
Pharma firm in India to make Russia’s Sputnik V COVID-19 vaccine
MOSCOW:Indian pharmaceutical company Hetero will manufacture over 100 million doses of the Russian Sputnik V COVID-19 vaccine per year under the terms of a deal unveiled on Friday between it and Russia’s RDIF sovereign wealth fund. The move, which RDIF cast as another step in its efforts to scale up international manufacturing of its flagship […]
Hyderabad – Nashik SpiceJet Flight Flagged off under UDAN
NEW DELHI: Taking the next stride in boosting regional aerial connectivity in India under RCS-UDAN (Regional Connectivity Scheme – Ude Desh Ka Aam Nagrik) of the Government of India, the second direct flight commenced operations today from Hyderabad, Telangana to Nashik, Maharashtra. Chhagan Bhujbal, Guardian Minister, Nashik, Hemant Godse, Member of Parliament, Nashik, Surah Mandhare, […]
Odisha’s Soyeb Aftab tops NEET 2020 gets cent per cent score
NEW DELHI: The National Testing Agency (NTA) has released the result of NEET 2020 examination on its official website, along with the final Q&A score. Soyeb Aftab of Odisha has topped the examination with a perfect score of 720 out of 720. Shoaib’s parents are over the moon that their son’s hard work has got […]
Indiabulls Housing sells additional stake in OakNorth to raise Rs 441 crore
NEW DELHI: Indiabulls Housing Finance on Friday said it has sold its additional stake in OakNorth Bank for Rs 441 crore. The sale proceeds will be accretive to the regulatory net worth and the CRAR (Capital to Risk-weighted Assets Ratio) of the company, it said. The company has further sold a portion of its stake […]
Having property ownership rights big step towards making country ‘Aatmanirbhar’: Narendra Modi
NEW DELHI: Prime Minister of India Narendra Modi on Sunday launched the physical distribution of property cards under the ‘SVAMITVA’ (ownership) scheme via video conferencing, and asserted that it is a “historic move” that will transform rural India. This will pave the way for villagers to use property as a financial asset for taking loans […]
Yogi Adityanath announces to set up country’s ‘biggest’ film city in Uttar Pradesh
NEW DELHI: Uttar Pradesh Chief Minister Yogi Adityanath on Friday announced to set up the country’s “biggest” film city in the state’s Gautam Buddh Nagar, officials said here. “The CM, while addressing a review meeting, announced to set up the biggest and most beautiful film city of the country in Gautam Buddh Nagar. He instructed […]
Global economic recovery may take five years, says World Bank chief economist
MADRID:The global economic recovery from the crisis originated by the coronavirus pandemic may take as much as five years, the World Bank’s chief economist Carmen Reinhart said on Thursday. “There will probably be a quick rebound as all the restriction measures linked to lockdowns are lifted, but a full recovery will take as much as […]
Coronavirus: Saudi Arabia to lift travel restrictions from January 2021
NEW DELHI: Saudi Arabia has announced that it will lift travel restrictions from January 2021. In a statement on Sunday, the Interior Ministry attributed the delay in lifting the restrictions due to the severe Covid-19 situation in some countriesm reports Xinhua news agency. The Health Ministry said it has the right, according to the situation, […]