Work to monetise Alliance Air, 3 other Air India subsidiaries to start: DIPAM Secretary

NEW DELHI: After the historic Air India privatisation, the government will now start work on monetising its four other subsidiaries, including Alliance Air, and over Rs 14,700 crore worth non-core assets like land and building, DIPAM Secretary Tuhin Kanta Pandey said. The government on October 8 had announced that salt-to-software conglomerate Tatas have won the […]

Modi government starts process for filling posts of independent directors in PSBs, FIs

NEW DELHI: The Narendra Modi government has initiated the process of filling about 100 vacancies of independent directors in public sector banks and financial institutions to meet regulatory norms of corporate governance. There have been vacancies at the independent director level across the public sector space leading to regulatory non-compliance, sources said. As per the […]

Revenue Department report calls for breaking down circle rate categories in city

NEW DELHI: The Delhi government’s Revenue Department has prepared a report to revise circle rates of properties in the city by breaking it down down into sub categories within eight existing categories to reflect the prevailing market rates, officials said. A committee of the Revenue Department, after evaluation of circle rates of different kinds of […]

Ultratech emerges as preferred bidder for limestone block in Madhya Pradesh

NEW DELHI: Ultratech Ltd has emerged as preferred bidder for a limestone block in Madhya Pradesh.Ramstahn Ghunchihai limestone mine, which has reserves of 209.77 million tonnes, was auctioned in the current fiscal. The limestone mine is among five mineral blocks that have been successfully put for sale in 2021-22, according to the mines ministry. Sree […]

India Inc’s revenue likely grew 18-20% on-year to Rs 8.2 trillion in 2nd quarter

NEW DELHI: Higher commodity prices and continued revival in demand for consumer discretionary products likely lifted corporate revenue 18-20 per cent on-year to Rs 8.2 lakh crore in the second quarter of this fiscal, indicates a CRISIL Research study of 300 companies (excluding from the financial services and oil sectors) that account for 55-60 per […]

PM Narendra Modi holds talks with Danish counterpart

NEW DELHI: Prime Minister Narendra Modi on Saturday held talks with his Danish counterpart Mette Frederiksen with a focus on expanding overall bilateral cooperation in a range of areas including renewable energy and trade and investment. Frederiksen arrived here early this morning on a three-day state visit. “Towards nurturing India-Denmark Green Strategic Partnership!PM @narendramodi welcomes […]

Most PSUs on government’s privatisation list created by private sector: Sanjeev Sanyal

NEW DELHI: Defending privatisation policy, Principal Economic Adviser Sanjeev Sanyal on Saturday said most of the public sector undertakings (PSUs) that the government intends to sell were actually created by the private sector. Stressing that this government is unapologetic about privatisation, he said “you (Opposition) made the point that this (PSUs) has been built through […]

India, US discuss Indo-Pacific, regional issues ahead of 2+2 dialogue

NEW DELHI: India and the US have discussed their flourishing defence partnership and opportunities for enhanced cooperation with like-minded partners to sustain a free and open Indo-Pacific as officials from the two countries held a meeting to lay the groundwork for the key 2+2 Ministerial Dialogue later this year, the Pentagon has said. The meeting […]

Income Tax Department detects Rs 550 crore hidden income after raids on Hetero pharma group

NEW DELHI: The Income Tax Department detected “unaccounted” income of Rs 550 crore and seized over Rs 142 crore cash after it recently raided Hyderabad-based Hetero pharmaceutical group, official sources claimed on Saturday. Company officials were not immediately available for comments. The raids were carried out by the tax department on October 6 at about […]

Agri export activities pick up in Jammu & Kashmir and Ladakh

NEW DELHI: With the mandate to promote agri export of Union Territories (UTs) of Jammu & Kashmir and Ladakh, APEDA has scripted new success stories by taking several initiatives to sensitise growers, exporters, state government officials and other stakeholders on the export potential of agricultural products and requirements under the National Programme for Organic Production […]

India to allow foreign tourists travelling by chartered flights from October 15, rest from November 15

NEW DELHI: India has decided to allow foreign tourists into the country, beginning with granting tourist visas to those travelling by chartered flights from October 15 and those by regular planes from November 15. The Union Home Ministry on Thursday announced that with this, the restrictions placed on visa and international travel since March 2020 […]

Panasonic India expands its Home Appliances portfolio ahead of this festive season

NEW DELHI: Panasonic India has announced the expansion of its home appliance segment, with the launch of 43 new models of refrigerator and 24 new models of washing machine ahead of the festive season. Loaded with technology rich features, the new models extend enhanced comfort and convenience to the everyday lives of consumers. The washing […]

Welspun One Logistics Parks forays into North India

NEW DELHI: Welspun One Logistics Parks (WOLP), a pan-India integrated fund, development, and asset management platform backed by the USD 2.7 billion Welspun Group; forays into North India with the acquisition of two strategically located land parcels spread across Lucknow in Uttar Pradesh and Farukhnagar in Haryana. The development that entails a cost of Rs […]

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