NEW DELHI: Reliance Industries Ltd will make a fresh investment of Rs 3,000 crore in Odisha, its chairman Mukhesh Ambani said in Bhubaneswar on Monday. RIL has emerged as one of the largest investors in the state having already invested Rs 6,000 crore there, he said. “We are committing to invest an additional Rs 3,000 […]
NEW DELHI: The government of India (Centre) on Monday complied with a Supreme Court order and handed over to petitioners, who sought a court-monitored CBI probe into the procurement of 36 Rafale fighter jets from France, the document detailing the decisions taken to procure the aircraft. The document titled “Details of the steps in the […]
NEW DELHI: Food and beverages major PepsiCo India Monday said it has become the first company to use the country’s inland waterways for container movement by transporting products from its plant in Kolkata to Varanasi. Prime Minister Narendra Modi Monday inaugurated India’s first multi-modal terminal on the Ganga river in his parliamentary constituency at Varanasi […]
BHUBANESWAR: Vedanta Resources Chairman Anil Agarwal on Monday announced the company’s plan to inject Rs 15,000 crore to raise the alumina refinery capacity at Lanjigarh three-fold to six mtpa and firm up downstream sector in Odisha in three years. The expansion of the Lanjigarh plant in phases would increase the capacity of the refinery from […]
By Rajesh Rai STOCKHOLM: A vast consumer market and government initiatives to promote manufacturing and digital penetration provide huge opportunities for Swedish companies to invest in India, an Indian official said on Monday. “India’s growth which is complemented by a large consumer market offers huge business opportunities for Swedish companies. There is a tremendous scope for […]
RAIPUR: Around 70 per cent voter turnout was registered in the first phase of the Chhattisgarh Assembly polls, the Election Commission (EC) said on Monday. The turnout was likely to go up as the final figures were yet to be received, Senior Deputy Election Commissioner Umesh Sinha said. In the first phase, voting was held […]
NEW DELHI: The government of India has cancelled ED’s chief investigating officer for 2G cases Rajeshwar Singh’s leave, granted to him last month for pursuing a masters in law, without citing any reason, officials said on Monday. Rajeshwar Singh, who was under investigation for writing a letter against Finance Secretary Hasmukh Adhia a few months […]
NEW DELHI: PNB Housing Finance on Monday said it has obtained refinance sanction of Rs 3,500 crore from the National Housing Bank (NHB) in October 2018. “The funds will be utilised for the specific sector wise disbursements/ end uses as per norms of the respective NHB refinance schemes,” PNB Housing Finance said in a regulatory […]
NEW DELHI: Prime Minister of India Narendra Modi has said that Varanasi and the whole country are witness to the fulfilment of a dream today. Expressing happiness at the way next generation transport infrastructure has grown in the last four years he said, airports in remote areas, train network expanding to the north eastern parts […]
PARIS: Europe should not spend higher defence budgets on US-made weapons, French President Emmanuel Macron said in an interview due to air on Sunday, after a defence row with President Donald Trump. One of dozens of world leaders attending World War I commemorations in France this weekend, Trump tweeted after landing in Paris that Macron’s […]
COIMBATORE: With industries from the country and abroad evincing interest to invest in Tamil Nadu, the forthcoming Global Investors Meet (GIM) is expected to attract more investment than the first meet in 2015, state Industries minister M C Sampath said on Sunday. He said that during his visit to foreign countries for conducting roadshows, industries […]
Up to Rs 650 billion has been approved for a host of rail infrastructure projects on the suburban network in Mumbai and its surrounding areas, said Railway Minister Piyush Goyal on Sunday. These projects, investment for which were proposed in this year’s Union budget, including new works and upgradation of existing facilities on the busy […]
NEW DELHI: Another feather in the cap of P3, wherein P3 and Vondom join hands to market their outdoor furniture on Exclusive Pan India tie up. Vondom produces sophisticated indoor and outdoor furniture made of polyethylene and polypropylene which includes chairs with or without illumination, tables, sofas, sun lounges and daybeds with simple – elegant […]
NEW DELHI: The RBI’s board meeting on November 19 is expected to be a stormy affair in the backdrop of the ongoing tussle between the government and the central bank, sources said, adding that some members are likely to raise issues concerning capital framework, management of surplus and liquidity measures for MSMEs. Tensions between the […]
NEW DELHI: As an unprecedented fight plays out between the Reserve Bank of India (RBI) and the Narendra Modi government, it is the central bank’s 18 board members who are being keenly watched for their next course of action — they are not only central bankers and government officials but also business leaders, economists and […]
NEW DELHI: Five of the 10 most valued Indian companies together added Rs 26,157.12 crore in market capitalisation last week, with Reliance Industries (RIL) emerging as the top gainer. The gainers list also included HDFC Bank, HUL, ICICI Bank and Maruti Suzuki India, while ITC, HDFC, Infosys and State Bank of India (SBI) suffered losses […]
