NEW DELHI: State-owned Indian Oil Corp (IOC) on Thursday said it will invest Rs 5,463 crore in setting up city gas distribution network for retailing CNG to automobiles and piped cooking gas to households in seven districts. IOC had in the recently concluded 9th bid round for city gas licences won permits for seven cities […]
NEW DELHI: Swedish furniture, kitchen appliances and home accessories retailer IKEA would invest Rs 2,000 crore in setting up and expanding its store in this tech hub in 2020, a top official said on Thursday. “As Karnataka is a priority for us, we are investing Rs 1,000 crore in setting up our popular store and […]
Our joint-venture with India’s Reliance will meet about 10% of Dassault Aviation’s offset (compensations) obligations required by the 36 Rafale fighters contract with New Delhi, said Thursday Eric Trappier, the CEO of Dassault Aviation, to AFP as the choice of this company is disputed in India. 1) The Rafale India contract makes provision for offsets […]
MUMBAI: As the BSE benchmark index plummeted over 1,000 points during the morning trade Thursday, investor wealth got eroded by over Rs 3 lakh crore. The BSE benchmark Sensex Thursday crashed over 1,000 points to slip below the key 34,000-mark in early trade, tracking a global sell-off. Led by the sharp carnage in equities, the […]
NEW DELHI: The country’s largest software exporter TCS on Thursday reported a 22.6 per cent jump in consolidated net profit at Rs 7,901 crore in the July-September 2018 quarter, buoyed by strong demand for digital services. Tata Consultancy Services (TCS) had posted a net profit of Rs 6,446 crore in the same period last fiscal, […]
NEW DELHI: After NationalBusinessMirror, billionaire industrialist Abhishek Verma and his wife Anca Verma have launched an another news portal called www.theaviationmirror.com for aviation sector in New Delhi in the presence of JKS Media Group Editor, Sanjeeb Kumar Sahoo. The news portal is available on computers, tablets and smart phones. It focuses on Indian and International […]
NEW DELHI: State-owned Oriental Bank of Commerce (OBC) has raised the marginal cost of funds based lending rate (MCLR) by 0.10 per cent for various tenors with effect from Thursday. “This is to inform that the bank has revised MCLR for different tenors with effect from October 11,” the bank said in a regulatory filing. […]
WASHINGTON: A severe recession would slash US public wealth by about USD 5 trillion, causing vastly more damage to Washington’s finances than just an increase in debt and deficits, the International Monetary Fund (IMF) has warned. Yet governments around the world, many of which face similar dangers, do not clearly publicise their overall net worths, […]
By K J M Varma BEIJING: Jack Ma, the founder of the e-commerce giant Alibaba, has regained the title of China’s richest man with he and his family having a total wealth of about USD 39 billion, according to the latest version of the Hurun China Rich List 2018. Ma, 54, who last month made […]
NEW DELHI: Continuing its success story in India, Honor, a sub brand of Huawei today announced the opening of its India device office located at Kaverappa Layout, Outer Ring Road in Bengaluru, the e-commerce hub of India. Spread over 6000 sq.ft, the new address is the dedicated device office in Bengaluru with state-of-the-art facilities and […]
NEW DELHI: The appellate tribunal against money laundering on Wednesday directed Enforcement Directorate (ED) to maintain “status quo” with regard to the properties of fugitive liquor baron Vijay Mallya till 26 November. Justice Manmohan Singh, chairman of Appellate Tribunal on Prevention of Money Laundering Act, restrained Mallya from dealing with his movable and immovable properties […]
NEW DELHI: The Union Cabinet chaired by the Prime Minister of India Narendra Modi has approved establishment and operationalistion of permanent campuses of the two new Indian Institutes of Science Education & Research (IISERs) at Tirupati (Andhra Pradesh) and Berhampur (Odisha). The total cost likely to be incurred is Rs. 3074.12 crore (Non-Recurring: Rs.2366.48 crore […]
NEW DELHI: The Supreme Court on Wednesday ordered the sealing of nine properties of embattled real estate company Amrapali after its three directors, who are in police custody, said that the documents related to the group’s 46 firms were stored there. The three directors moved an application before a bench comprising Justices U U Lalit […]
By Yoshita Singh NEW YORK: PepsiCo’s India-born former CEO Indra Nooyi has said she would cause a third World War if she joins politics as she is too outspoken . Asia Society, a non-profit organisation that focuses on educating the world about Asia, honoured 62-year-old Nooyi Tuesday with the ‘Game Changer of the Year Award’ […]
NEW DELHI: The finance ministry on Tuesday said it does not expect a cut in dividend from oil marketing companies despite these retailers absorbing Re 1 per litre from last week. Economic Affairs Secretary in a tweet said there is no plan for reduction in subsidy and disinvestment target will also be met. He was […]
NEW DELHI: India’s steel Minister Chaudhary Birender Singh has urged international investors and technology giants to invest in the minerals and metals sector in India. Speaking at the International Conference, on Minerals and Metals – Outlook 2030, being held in New Delhi, he saidIndia’s mining sector offers tremendous potential and presents a vast opportunity for […]
