NEW DELHI: Organised theft of power in Delhi for charging of e-rickshaws has assumed serious proportions with discom sources putting the annual losses due to it at nearly Rs 150 crore. There are three power distribution companies — BYPL and BRPL of BSES and Tata Power Delhi Dsitribution (TPDDL) — that supply electricity to the […]
NEW DELHI: The country’s largest carmaker Maruti Suzuki India (MSI) should aim for up to 25 per cent of its production to be exported although it expects overseas shipments to touch 2 lakh units by 2020, according to company MD and CEO Kenichi Ayukawa. The company’s total production combined with that of parent Suzuki will […]
MADURAI: Prime Minister Narendra Modi on Sunday said the Centre’s aim is to make Tamil Nadu a preferred hub for aerospace and defence industries in the country. Tamil Nadu was among the country’s most progressive industrial states and also one of the pioneering states for the Defence Industrial Corridor and leading player in the Centre’s […]
NEW DELHI: Today, Railways & Coal, Minister Piyush Goyal announced the name Vande Bharat Express for Train 18, acknowledging its made-in-India status. He called it a ‘vandaniya’ step towards realisation of New India vision. This train set has been manufactured by Integral Coach Factory (ICF) in the period of 18 months under ‘Make in India’ […]
NEW DELHI: Indian-origin retail brothers — Simon, Bobby and Robin Arora — have been ranked Britain’s 24th highest taxpayers, according to a new top 50 list compiled by ‘The Sunday Times’. The Arora family, behind the B&M chain of discount stores, paid 25.6 million pounds towards their 2017-18 tax bill against wealth estimated at 2,300 […]
NEW DELHI: The CBI officer-in-charge who lodged FIR in the alleged irregularities pertaining to the sanctioning of loans by the ICICI bank, has been transferred out. Two days later, Union Minister Arun Jaitley went on social media against the CBI FIR suggesting it was “investigative adventurism” and a “journey to nowhere.” On Friday, Finance Minister […]
NEW DELHI: The Anti-Corruption Bureau (ACB) raided the residence of an Indian Revenue Service (IRS) officer Sahi Ram Meena in Rajasthan’s Jaipur on January 26 and seized Rs 5 lakh in cash. Sahi Ram Meena is currently posted as Deputy Commissioner (Narcotics) in Rajasthan’s Kota. Around Rs 2,26,00,098 in cash, jewellery worth Rs 6 lakh, […]
NEW DELHI: Foreign investors have pulled out close to Rs 6,000 crore so far from the Indian stock markets in January and experts believe this trend will continue in the coming months as well. This comes following a collective net inflow of Rs 8,584 crore in the equity markets by Foreign Portfolio Investors (FPIs) during […]
NEW DELHI: Even if a single drug in a batch is found substandard the manufacturer may have to pay a penalty equal to the MRP of the entire batch shipped, according to a new government proposal. There are usually 10,00 to 100,000 units in a batch, but the number of drugs – which can be […]
NEW DELHI: In a major boost to healthcare facilities and services in Madurai and adjoining areas of Tamil Nadu, the Prime Minister, Narendra Modi today laid foundation stone for AIIMS Madurai and inaugurated several projects. The new AIIMS will come up at Thoppur in Madurai. It will provide leadership in advanced healthcare, medical education and […]
NEW DELHI: Confident of growth with an ambitious fleet and route expansion plan underway, airline major SpiceJet’s head Ajay Singh has said the focus is also on keeping costs low to ensure profitability. Singh, who was here to participate in the World Economic Forum Annual Meeting that ended Friday, also hoped that the airline would […]
NEW DELHI: The Indian media and entertainment industry is estimated to touch $52,683 million (around Rs 3.73 lakh crore) by 2022 led by increasing disposable income, population and content consumption across the formats, according to a survey. Besides the traditional media such as TV and cinema, new-age digital platforms such as over-the-top (OTT) services would […]
DAVOS: The Indian IT sector faces global headwinds like Brexit but developments around Globalisation 4.0 and 5G technology will bring growth for the industry this year, Tech Mahindra’s MD and CEO C P Gurnani said. He also flagged currency risks, but added that the domestic IT sector will benefit from investments in digital. “Uncertainty and […]
NEW DELHI: State-owned Oil and Natural Gas Corp (ONGC) is mulling on a vision document for 2040 that will lay the strategic roadmap for the nation’s largest oil and gas producer for the next two decades. ONGC Chairman and Managing Director Shashi Shanker, in his speech after hoisting the national flag at the company headquarters […]
NEW DELHI: India’s Road Transport & Highways, Shipping and Water Resources, River Development and Ganga Rejuvenation Minister Nitin Gadkari has said that works worth Rs 50,000 crore have been sanctioned for road projects around Delhi. He said, these will immensely improve the air pollution in the Capital city generated due to traffic congestion. He said, […]
NEW DELHI: The Enforcement Directorate (ED) has arrested lawyer Gautam Khaitan, accused in the AgustaWestland VVIP chopper case, in connection with a fresh case of possession of black money and money laundering, officials said on Saturday. They said Khaitan was placed under arrest Friday night by the agency sleuths under the Prevention of Money Laundering […]
