NEW DELHI: The securitisation market volumes in the country touched a life-time high of Rs 1.44 trillion in the nine months of the current fiscal, with around Rs 78,000 crore generated in the third quarter, says a report. The securitisation market remained buoyant in the third quarter driven by the prevailing liquidity crisis, following defaults […]
NEW DELHI: Fugitive diamond merchant Nirav Modi, a prime accused in the PNB fraud case, told a court here Saturday that he cannot return to India due to safety concerns and also because his case has been politicised. Modi’s lawyer filed his reply to the Enforcement Directorate’s (ED) plea seeking to declare the diamond merchant […]
NEW DELHI: The Competition Commission of India (CCI) on Tuesday said it has appointed Pramod Kumar Singh as its secretary. Prior to this, P K Singh was adviser (law) to the competition watchdog, said a CCI official. In September, the fair trade regulator had invited applications for appointment to the post of secretary from eligible […]
NEW DELHI: In a bureaucratic reshuffle, Chhattisgarh government has appointed Sunil Kumar Kujur as new Chief Secretary of the State. Kujur is the States first Chief Secretary with a tribal background. He is the State’s 10th Chief Secretary. He is an IAS officer of Chhattisgarh cadre 1983 batch. He is replacing 1983 batch IAS officer Ajay […]
NEW DELHI: India’s Housing and Urban Affairs Ministry initiated several schemes in 2018 and plans to sanction construction of one crore houses before 2020 under the Pradhan Mantri Awas Yojana (urban), a move aimed at ensuring ‘housing for all by 2022’. The ministry is mandated to implement a number of flagship programmes – Swachh Bharat Mission, […]
NEW DELHI: Infrastructure projects worth Rs 2,881 crore, including elevated roads, underpasses and a new district hospital building, would be inaugurated or works for them started in Noida in 2019, officials said on Tuesday. The projects to be opened for the public, include a Dada-Dadi Park in Sector 62 at a cost of Rs 14.57 […]
NEW DELHI: Despite higher housing credit growth and better bank lending rates, house prices in the country have been cooling in the last five years, a Reserve Bank of India (RBI) report said. According to the Financial Stability Report released by the RBI Monday, the all-India housing price index reduced to 5.3 per cent during […]
NEW DELHI: Lucknow-based businessman has alleged that he was abducted from the city last week and taken to Deoria jail, where imprisoned gangster Atiq Ahmed and his accomplices assaulted him and forced him to sign away property worth Rs 40 crore. In his police complaint, real estate businessman Mohit Jaiswal also alleged that Ahmed, a […]
NEW DELHI: At a time when modernisation of the Army’s armoured corp is moving at a “snail’s pace”, Pakistan has drawn up an ambitious plan to procure close to 600 battle tanks including T-90 tanks from Russia, primarily to bolster its combat prowess along the border with India, military and intelligence sources said Sunday. Most […]
NEW DELHI: Reliance Industries Limited (RIL) and its partner BP plc of the UK have brought a deepsea pipeline laying ship to their Bay of Bengal block KG-D6 to help bring newer gas finds to production by 2020-21, the British firm said. Reliance-BP are targeting to bring to production the R-Series and satellite fields in […]
NEW DELHI: The government of India plans to rope in professionals for top positions at Air India through a global search process, as part of efforts to revive the national carrier, according to Civil Aviation Minister Suresh Prabhu. With the proposed strategic stake sale of the Air India failing to take off in May this […]
MUMBAI: Budget carrier IndiGo has become the first domestic airline to have longer range Airbus A321neo plane in its fleet with the first aircraft arriving Saturday morning in New Delhi from the European aviation major Airbus’ Hamburg facility in Germany, an airline source said. The maiden A321neo (new engine option), VT-IUA, landed at 9.06 am […]
NEW DELHI: Loss-making carrier Jet Airways is in discussions with the State Bank of India for raising Rs 1,500 crore short-term loan to meet its working capital requirement and some payment obligations, a source said. Jet Airways strategic partner and Middle-east carrier Etihad, which holds 24 % stake in the Indian full service carrier, is […]
NEW DELHI: It was saddled with many stuck projects and several big players faced the risk of getting blacklisted amid a big financial quagmire, but the mess got cleared eventually as the year 2018 progressed and the minister at the helm says it also helped banks save over Rs 3 lakh crore from becoming NPAs. […]
WASHINGTON: Expressing concern over India tightening restrictions on foreign e-commerce companies operating in the country, leading American industry advocacy groups have said that such a move would have a long-term negative impact on the foreign direct investment as well as consumers. Earlier this week, the government announced changes to the foreign direct investment policy for […]
SHILLONG: A group of Indian Navy divers arrived from Vishakhapatnam on Saturday to join operations underway to rescue 15 miners trapped in a flooded rat-hole coal mine in Meghalaya since December 13, a senior official said. The 15-member team, equipped with specialised diving equipment including a re-compression chamber and remotely operated vehicles capable of searching […]
