NEW DELHI: Debt-ridden telecom firm Reliance Communications Wednesday said it will not be paying the fourth installment of Rs 375 crore principal amount on non-convertible debenture, which is due on February 7. In a regulatory filing, the company said it is working expeditiously to complete the process of asset sale, which is likely to be […]
NEW DELHI: Telecom tower firm Bharti Infratel on Thursday said it has reached a settlement with four operators, including Vodafone Idea, that exited from its cell sites before the expiry of their contracts at a payment of around Rs 3,800 crore. The payments include one-time charge of Rs 2,000 crore and rental of around Rs […]
NEW DELHI: Dr Reddy’s Laboratories Thursday announced the launch of Propofol Injectable Emulsion, used for induction of general anesthesia and sedation in intensive care units, in the US market. Propofol Injectable Emulsion is a therapeutic equivalent generic version of Diprivan (Propofol) Injectable Emulsion,” the company said in a BSE filing. Dr Reddy’s said it uses […]
CHENNAI: The Tamil Nadu government is eyeing investments worth $15 billion in the aerospace and defence sectors in the next 15 years to make the state a preferred hub for the two industries. This was revealed in the ambitious aerospace and defence policy unveiled by Defence Minister Nirmala Sitharaman on the inaugural day of the […]
DUBAI: Air India Express will launch its first direct flight service from Surat to Sharjah on February 16 and will also expand services from Gulf to Kannur in Kerala. The carrier, the international budget arm of Air India, will deploy Boeing 737-800 NG aircraft on this route. The flight will depart from Sharjah at 7:35 […]
NEW DELHI: The CBI has registered an FIR in connection with alleged irregularities in the Rs 3,250 crore ICICI Bank-Videocon loan case and is carrying out searches Thursday at the group headquarters in Mumbai and offices in Aurangabad, officials said. The search operation started Thursday morning and also covered offices of Nupower, a company operated […]
NEW DELHI: German auto major Mercedes-Benz on Thursday made a foray into the luxury multi-purpose vehicles segment in India with the launch of its V-Class at a starting price of Rs 68.40 lakh. The V-Class will be available in both six-seater long-wheelbase (Exclusive) and seven-seater extra-long-wheelbase (Expression) variants, Mercedes-Benz India said in a statement. While […]
NEW DELHI: Markets watchdog Sebi on Thursday said it has not received any reference on relaxation in rules regarding Jet Airways. The regulator’s statement comes amid reports that relaxations have been sought by Gulf carrier Etihad for infusing additional funds into crisis-hit Jet Airways, which is listed on the exchanges. In its brief statement issued […]
NEW DELHI: Employment generation in the formal sector increased by 48 per cent to touch a 15-month high of 7.32 lakh in November 2018 as compared to 4.93 lakh in the year ago month, according to the latest Employees’ Provident Fund Organisation (EPFO) payroll data. Around 73.50 lakh new subscribers were added to social security […]
NEW DELHI: Anil D. Ambani owned Reliance Entertainment today announced the elevation of Shibasish Sarkar as Group CEO – Content, Digital & Gaming. Shibasish is a Chartered Accountant by training and an entertainment industry professional with over 25 years of experience. He joined Reliance Entertainment in 2007 as CFO, and thereafter took on a larger […]
NEW DELHI: Deutsche Bank India CEO Ravneet Singh Gill has been named the new MD and CEO of Yes Bank with effect from March 1. The Reserve Bank of India (RBI) gave its approval to replace current MD and CEO Rana Kapoor, whose term ends on January 31, with Gill, Yes Bank said in a […]
NEW DELHI: The Union Cabinet chaired by Prime Minister of India Narendra Modi has approved the extension of Delhi Metro corridor from Dilshad Garden to New Bus Adda Ghaziabad. The total distance of the extended line will be 9.41 km. The Cabinet has also approved contribution of Rs.324.87 crore as central financial assistance for extension […]
NEW DELHI: Civil engineering and construction firm JMC Projects (India) on Wednesday said it had secured orders worth Rs 507 crore in the domestic market. The company has received residential and commercial projects in South India totalling Rs 507 crore, JMC Projects said in a BSE filing. “With these new orders, our total order inflow […]
NEW DELHI: The Jawaharlal Nehru Port Trust (JNPT), India’s premiere container portgot listed amongst the top 30 container ports globally, as per the latest Lloyds Report. JNPT notched up five spots, to be 28th on the list, compared to its previous ranking.This is a validation of all the efforts and strategic initiatives being implemented at […]
NEW DELHI: The India’s largest carmaker Maruti Suzuki India (MSI) Wednesday launched a new version of its hatchback WagonR priced between Rs 4.19 lakh and Rs 5.69 lakh (ex-showroom). The new WagonR comes with a new 1.2 litre petrol engine option along with another choice of 1 litre powertrain. It also comes with an automatic […]
NEW DELHI: Debt-ridden national carrier Air India is planning to enter the holiday packages business to enhance its share in the fast-growing leisure travel segment. The airline has floated global bids for selecting a service provider for this purpose. Besides international carriers, most domestic airlines, including the budget carriers, also offer tailor- made holiday packages […]
