NEW DELHI: Gujarat Chief Minister Vijay Rupani on Sunday said 28,360 Memorandums of Understanding were signed during the Vibrant Gujarat Global Summit 2019 and it was expected to generate over 21 lakh jobs. Rupani, however, did not specify the amount of investment that would come into the state by way of these MOUs. Speaking at […]
NEW DELHI: Reliance Industries Limited (RIL) has asked its partner Niko Resources to withdraw from eastern offshore KG-D6 gas block over default in payments for field development cost, but the Canadian firm has sought to stall the move by invoking arbitration, the companies said. Niko, which defaulted on payment of loans to its lenders, has […]
NEW DELHI: Jet Airways chairman Naresh Goyal is ready to invest up to Rs 700 crore in Jet Airways on the condition that his stake does not fall below 25%. Goyal’s offer comes against the backdrop of strategic partner Etihad reportedly putting forward strict conditions, including that Goyal should give up control, for infusing funds […]
PRAYAGRAJ: The mega Kumbh Mela, which began on January 15 and will continue till March 4, is expected to generate a revenue of Rs 1.2 lakh crore for Uttar Pradesh, says apex industry body Confederation of Indian Industry. Although the Kumbh Mela is spiritual and religious in nature, the economic activities associated with it generate […]
NEW DELHI: Private lender HDFC Bank on Saturday reported a 20.3% growth in net profit to Rs 5,585.9 crore for the third quarter ended December 31, mainly on higher net interest income. The bank had posted a net profit of ₹4,642.6 crore in the October-December quarter of the last financial year. Total income rose to […]
NEW DELHI: The India’s largest lender, State Bank of India (SBI), on Saturday said it has raised $1.25 billion through bonds from overseas market. The bank is glad to announce that the issue received an overwhelming response and saw strong interest from investors across geographies with a final order book in excess of $3.2 billion […]
NEW DELHI: The Gujarat government signed around 130 Memorandum of Understandings (MoUs) with investment commitments worth over Rs 56,000 crore in various sectors on the first day of the Vibrant Gujarat Global Summit here on Friday, said officials. A majority of the MoUs, also called Investment Intentions (IIs), were signed in the port and transport […]
NEW DELHI: The Prime Minister of India Narendra Modi has inaugurated and laid the Foundation Stone for several development projects at Silvassa in Dadra and Nagar Haveli. He laid foundation Stone of Medical College in Sayli, Dadra and Nagar Haveli. Prime Minister released IT policy for Dadra and Nagar Haveli. M-Aarogya mobile app and door […]
NEW DELHI: Total liabilities of the government has increased 49 per cent to Rs 82 lakh crore in the last four-and-half years during the Narendra Modi government, as per the 8th Edition of the Status Paper on Government Debt released on Friday. Compared to the latest data available till September 2018 when the total debt […]
AHMEDABAD: Billionaire Gautam Adani Friday announced over Rs 55,000 crore investment in next five years in a clutch of projects in Gujarat including the world’s largest solar park, a copper plant, a cement unit, and a lithium battery manufacturing complex. Adani Group, which operates Mundra port in the state, had Thursday announced plans to foray […]
NEW DELHI: India’s richest person Mukesh Ambani today committed to invest Rs 3 lakh crore in various projects in the next 10 years in Gujarat, ranging from energy and petrochemical to new technology and digital business. Reliance Industries Limited (RIL) operates the world’s largest oil refining complex at Jamnagar in Gujarat as well as petrochemical […]
NEW DELHI: Fossil Group announced its plan to sell to Google for $40 million, intellectual property (IP) related to a smartwatch technology currently under development by the Fossil Group. As part of the transaction, a portion of Fossil Group’s research and development (R&D) team currently supporting the transferring IP will join Google. Fossil Group retains […]
NEW DELHI: The Prime Minister of India Narendra Modi will visit Silvassa the capital of Dadra and Nagar Haveli tomorrow on 19 January 2019. During the visit, he will lay the foundation stone of Medical College in Sayli, Dadra & Nagar Haveli. Prime Minister will also unveil plaque to inaugurate various development projects in Daman […]
NEW DELHI: The Prime Minister of India Narendra Modi will visit Hazira in Surat tomorrow on 19 January 2019. At Hazira, He will visit L& T Armoured Systems Complex and will unveil a plaque to dedicate it to the nation. He will also lay the foundation stone of Nirali Cancer hospital at Navsari. The ultra-modern […]
NEW DELHI: Prime Minister of India Narendra Modi inaugurated the 9th edition of Vibrant Gujarat Summit at Mahatma Mandir Exhibition cum Convention Centre in Gandhinagar today. Nearly 5 Heads of States from Uzbekistan, Rwanda, Denmark, Czech Republic and Malta along with the captains of industry from various sectors & over 30,000 delegates from India and […]
NEW DELHI: State-owned UCO Bank on Thursday said it has got board approval for raising Rs1,000 crore through sale of shares on private placement basis to fund business growth. The board of the bank, in its meeting held on Thursday, also approved raising Rs500 crore from tier-II bonds. The equity capital of Rs1,000 crore would […]
