NEW DELHI: The Reserve Bank of India (RBI) on Tuesday announced it will inject Rs 12,000 crore into the system through purchase of government securities on 15 November. “Based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward, the RBI has decided to conduct purchase of the following […]
NEW DELHI: Jet Airways (India) Ltd on Tuesday termed media reports of Tata Group carrying out due diligence to acquire the airline as “speculative”. “…The subject news is speculative in nature and that there is no discussion or decision in the board which would require a disclosure…,” Jet Airways said in a response to a […]
NEW DELHI: Indian IT giant Infosys today announced that it will open its next Technology and Innovation Hub in the State of Texas and hire 500 American workers in the state by 2020. The Hub will be located in Richardson, Texas and have a special focus on the telecommunications, retail and banking sectors. Infosys’ investment in […]
By Jeffrey Dastin & David Shepardson SAN FRANCISCO/ WASHINGTON: Amazon.com Inc. picked America’s financial and political capitals for massive new offices on Tuesday, branching out from its home base in Seattle with plans to create more than 25,000 jobs in both New York City and an area just outside Washington, D.C. The world’s largest online […]
NEW DELHI: In a fillip to Apple CEO Tim Cook’s big future plans for the Indian market, Apple has appointed Ashish Chowdhary, Chief Customer Operations Officer at Nokia Networks, as its India operation head, reliable industry sources told IANS on Tuesday. Chowdhary will join as Apple India head from January next year, the sources confirmed. […]
NEW DELHI: In a massive crackdown on Amrapali Group for “wilful disobedience” of its orders, the Supreme Court of India on Tuesday attached the company’s 100-bed multi-speciality hospital, bank accounts, the building which houses its office, certain firms and a “benami” villa in Goa. The top court asked the chief financial officer Chander Wadhwa to […]
NEW DELHI: Construction activities will be permitted only during the daytime from 6 am to 6 pm, the Supreme Court-appointed EPCA has directed authorities. It also said heavy vehicles stationed at the Delhi border will not be charged any toll tax till Tuesday. Environment Pollution Control Authority Chairperson Bhure Lal responded to the viability of […]
NEW DELHI: Dewan Housing Finance Corporation Ltd (DHFL) said Monday the company plans to raise Rs 1,500 crore through an issue of bonds. The company proposes to issue secured redeemable non-convertible debentures amounting to Rs 1,500 crore on private placement basis, the company said in a regulatory filing. The issue will open on Thursday and […]
NEW DELHI: Odisha Chief Minister Naveen Patnaik on Tuesday said the state has secured investment intents worth over Rs 4.19 lakh crore at the second edition of the investors’ meet. “The total investment intents received by the state as a lead upto the event and during the event are to the tune of Rs 4,19,574 […]
NEW DELHI: United States of America (USA) President Donald Trump on Tuesday launched another attack against Emmanuel Macron over the French president’s call for a European army, a proposal the US leader earlier had dubbed “insulting.” “Emmanuel Macron suggests building its own army to protect Europe against the US, China and Russia. But it was […]
NEW DELHI: Buoyed by a good response for the first tender of mid-term (3 years) power purchase agreement auction, the power ministry will bring its second round for 2,500 MW capacities to give relief to stressed power assets, India’s Power Secretary A K Bhalla said on Tuesday. A power purchase agreement (PPA) is a prerequisite […]
THIRUVANANTHAPURAM: Kerala Chief Minister Pinarayi Vijayan said though the Supreme Court has not stayed its September 28 decision, permitting all women to offer prayers at the hill shrine at Sabarimala, his government would take a final call on the issue after consulting legal experts. Speaking to reporters here, Vijayan said the state government would take […]
NEW DELHI: Fortis Healthcare on Tuesday said it had issued 23.53 crore equity shares through preferential allotment to IHH Healthcare Berhad for around Rs 4,000 crore, helping the Malaysian firm take 31.1% stake in the company. The allotment has been done at Rs 170 per share. IHH has now become the controlling shareholder in the […]
NEW DELHI: Mahindra & Mahindra has announced on Monday launch of a new variant of its popular SUV Scorpio priced at Rs 13.99 lakh (ex-showroom Delhi). The ‘feature-packed’ S9 will be available pan India across Mahindra dealerships with immediate effect, the company said in a statement. The new variant will be powered by the mHAWK […]
NEW DELHI: Flipkart Group CEO Binny Bansal on Tuesday resigned following an allegation of ‘serious personal miscount’, the firm’s new parent Walmart said. Bansal, who along with Sachin Bansal had co-founded the India’s biggest online retailer Flipkart, “strongly denies the allegation”, Walmart said in a statement. Binny, it said, has resigned as the CEO of […]
NEW DELHI: Odisha on Monday received investment commitments totalling over Rs 1,38,000 crore as RIL chairman Mukesh Ambani, Aditya Birla Group chairman Kumar Mangalam Birla and other industry captains pledged to pump in additional funds into existing projects in the state. On the first day of the ‘Make in Odisha Conclave’ here, Ambani said he […]
