SRINAGAR: The Jammu and Kashmir government on Monday approved J&K Single Window (Industrial Investment and Business Facilitation) Act, 2018, which aims to ease flow of investments into the state. “The governor’s administration approved the J&K Single Window Act, 2018. The act has been approved by the state administrative council (SAC), headed by governor Satya Pal […]
NEW DELHI: After rallying for two sessions, the BSE benchmark Sensex Monday tumbled over 505 points to slip below the 38,000-level as worries about global trade war and prevailing rupee crisis dampened investors mood despite the government announcing steps to stem a steep fall in the Indian currency. The broader Nifty too nosedived over 137 […]
NEW DELHI: Adani Capital, the financial services arm of diversified Adani group, is planning to raise around Rs 1,000 crore in debt, mostly in bank loans, this financial year to fund growth. The company began operations as an NBFC in April 2017 with a focus on MSME and corporate finance. The MSME finance mainly includes […]
By Shah Imran Ahmed CAIRO: Air Tanzania will soon resume services to India with direct flights to Mumbai from Tanzanian city Dar Es Salaam, an official said on Monday. Air India and Air Tanzania had direct flights between the two countries but the operations were stopped in mid-1990s due to commercial reasons. “Air Tanzania has […]
BREMERVORDE: Germany on Monday rolled out the world’s first hydrogen-powered train, signalling the start of a push to challenge the might of polluting diesel trains with costlier but more eco-friendly technology. Two bright blue Coradia iLint trains, built by French TGV-maker Alstom, began running a 100-kilometre route between the towns and cities of Cuxhaven, Bremerhaven, […]
ISLAMABAD: Pakistan and the UK signed a justice and accountability agreement on Monday, nearly a month after Imran Khan, who has vowed to bring back money stolen by corrupt Pakistani politicians and taken to Britain, assumed power. Law Minister Dr Farogh Naseem and British Home Secretary Sajid Javid jointly announced a justice and accountability agreement […]
NEW DELHI: Broadband technology provider Sterlite Tech is looking at commanding 10 per cent share of the global fibre market by June 2020, company’s chief executive Anand Agarwal said Monday. The company is also focussed on enhancing production capacity of optical fibre and optical fibre cables. “We are now looking to move fibre market share […]
NEW DELHI: Unfazed by the introduction of cheaper packaged cow milk by new entrant Patanjali group, market leader Mother Dairy Monday said the company will not reduce prices to match competition. Mother Dairy, which sells around 7 lakh litres of cow milk per day largely in Delhi-NCR market, also expressed confidence that its sales volume […]
NEW DELHI: The government of India will merge state-owned Vijaya Bank, Dena Bank and Bank of Baroda to create India’s third largest lender, a top government official said on Monday. Boards of the three banks will examine amalgamation proposal, the department of financial services secretary, Rajeev Kumar, told a news conference here. He said the […]
NEW DELHI: Aruba, a Hewlett Packard Enterprise company, today announced plans to initiate manufacturing of its diverse product portfolio in the fast-growing networking domain in India. The move, which aims to support the Make in India and Digital India initiatives, will also strengthen the Company’s existing R&D capabilities. Aruba is amongst the fastest growing providers […]
NEW DELHI: Infosys today announced that it has made an additional investment of US$1.5 million through the Infosys Innovation Fund in TidalScale Inc., the company at the heart of the Software-Defined Server revolution. Infosys has previously invested US$ 1.5 million in TidalScale Inc. in 2016 taking the cumulative investment as of date to US$ 3.0 […]
NEW DELHI: State-run Bank of India is looking to raise nearly Rs 1,000 crore through selling stake in some of its non-core assets and real estate properties. The bank expects to raise around Rs 800 crore through sale of its stake in non-banking finance company – STCI Finance – and in Sidbi, by the third […]
NEW DELHI: Realty major DLF is working towards making its housing business debt free by March next year and the cash flow from sales of completed inventories worth around Rs 14,000 crore would be utilised to fund new projects, its CEO Rajeev Talwar said. In an interview to , he reiterated that the company would […]
NEW DELHI: Over 200 land owners in Jewar agreed Saturday to give their lands for a proposed international airport in Gautam Buddh Nagar district, taking the overall consent of affected families to 71 per cent, local MLA Dhirendra Singh said. According to the provisions of Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation […]
KALBURGI: Karnataka Chief Minister H D Kumaraswamy on Monday announced the coalition government’s decision to cut petrol and diesel prices by Rs 2 per litre. The announcement comes in the wake of political pressure building against Kumaraswamy after Rajasthan, Andhra Pradesh and West Bengal governments reduced fuel prices. Andhra Pradesh Chief Minister N Chandrababu Naidu […]
NEW DELHI: Stock markets would continue to be guided by movement of the rupee, trade issues between the US and China and oil prices in a holiday-shortened week ahead, say experts. The equity market would remain closed Thursday for Muharram. With the rupee plumbing new lows against the dollar, the government Friday announced an array […]
