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Indian Railway to soon link all Northeast state capitals, Bangladesh: Piyush Goyal

NEW DELHI: The Indian Railways are working on connecting capitals of all eight northeastern states and also executing a project to link up with Bangladesh’s railway networks to facilitate communication with other parts of India via the neighbouring country, Railways Minister Piyush Goyal said on Friday. With the Centre’s focus on all-round development of the […]

Punjab seeks over Rs 80,000 crore aid from Modi government

NEW DELHI: Stressing that the coronavirus challenge is likely to stay for long, the Punjab government sought a fiscal aid of over Rs 80,000 crore from the Centre (Narendra Modi government) to save lives and secure lovelihoods’. Chief Minister Amarinder Singh in a memorandum to Prime Minister Narendra Modi pointed towards a ‘large-scale devastation and […]

Vista Equity to invest $1.5 billion in Reliance’s digital arm

NEW DELHI: India’s Reliance Industries Ltd (RIL) on Friday announced a $1.5 billion (Rs 11,367) stake sale in digital unit Jio Platforms, a third deal in a little over two weeks that will inject a combined $8 billion in the telecoms-to-energy group to help it pare debt. Private equity firm Vista Equity Partners is buying […]

Devendra Fadnavis back as Maharashtra Chief Minister,Ajit Pawar Deputy Chief Minister

NEW DELHI: The month-long political impasse in Maharashtra ended dramatically on Saturday with Devendra Fadnavis returning as the chief minister, backed by the Sharad Pawar-led NCP. NCP’s Ajit Pawar was sworn-in as the deputy chief minister. Governor Bhagat Singh Koshyari administered the oath at the Raj Bhavan here at around 7.30 am Blaming the Shiv […]

Indiabulls expect RBI nod for merger with Lakshmi Vilas Bank by October

MUMBAI: Exuding confidence of getting the regulatory nod for merger with Lakshmi Vilas Bank in two months and the merged entity to be operational by next March, Indiabulls Housing Finance Tuesday said it will turn itself into an SME-focused bank if the merger goes through. The promoters exiting the real estate business or at least […]

Over Rs 9,500 crore can be recovered from Amrapali: Forensic auditors to Supreme Court

NEW DELHI: Forensic auditors on Thursday told the Supreme Court that Rs 9,590 crore could be recovered from the embattled Amrapali group, which had diverted Rs 3,523 crore of home buyers’ money. Of the money diverted, as much as Rs 455 crore could be recovered from persons, including directors of the realty firm, their family […]

25 US lawmakers urge Trump admin not to cancel GSP trade benefits to India

WASHINGTON: A group of 25 influential American lawmakers has urged the US Trade Representative not to terminate the GSP programme with India after the expiry of the 60-day notice on Friday, saying the country’s companies seeking to expand their exports to India could be affected. The Generalized System of Preference (GSP) is the largest and […]

MEA will help textiles ministry to promote silk in global markets

NEW DELHI: External Affairs Minister Sushma Swaraj on Saturday assured that the textiles ministry to provide all support for promoting silk in global markets. Swaraj said that silk is a strong commodity and there is huge demand for it in the international markets. “I assure you that the ministry of external affairs will become a […]

India mulling farm package ahead of 2019 general polls

NEW DELHI: Under attack for the agrarian crisis, the government is contemplating several incentives, including a big financial package, to woo farmers ahead of the 2019 Lok Sabha elections, according to sources. The government’s likely announcement of incentives to boost rural income will come following feedback given by BJP leaders and MPs, besides other stakeholders, […]

Indigo signs codeshare agreement with Turkish Airlines

NEW DELHI: To expand its international footprint, IndiGo announced Friday that it has entered into its first codeshare agreement with Turkish Airlines, allowing either of the airlines to book seats for its passengers on each other’s flight. Moreover, Indigo — which is the largest airline in India by market share — also signed a “mutual […]

Reliance Industries to buy majority stakes in Den Networks, Hathway Cable for Rs 5,230 crore

NEW DELHI: Mukesh Ambani-helmed Reliance Industries on Wednesday said it will buy majority stakes in Den Networks Ltd and Hathway Cable and Datacom Ltd for Rs 5,230 crore. The company has announced the following strategic investments: a) Primary investment of Rs. 2,045 crore through a preferential issue under SEBI regulations and secondary purchase of Rs. […]

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