Promoter Vodafone plans to infuse up to Rs 3,375 crore into debt-ridden Vodafone Idea Ltd as part of the company's proposed raising of funds worth Rs 14,200 crore. Besides Vodafone, Aditya Birla Group plans to pump in up to Rs 1,125 crore, according to a regulatory filing on Friday. The telecom operator will seek shareholders' [...]
New Delhi, Mar 4 (PTI) The government's plan to monetise railway assets by allowing private players to run trains did not attract enough investors due to lack of proper structuring and the railway ministry is looking at it afresh, NITI Aayog CEO Amitabh Kant said on Friday. Kant said the private sector will come to [...]
New Delhi, Mar 4 (PTI) Sachin Bansal-backed Navi Mutual Fund on Friday announced that its fund manager Hari Shyamsunder will take charge as the Chief Executive Officer (CEO). This is subject to the requisite corporate approvals being obtained, Navi Mutual Fund said in a statement. He will take over from Saurabh Jain, who resigned from [...]
Mumbai, Mar 4 (PTI) Singapore on Friday said it has extended the vaccinated travel lane for flights from all Indian cities. Under the Vaccinated Travel Lane (VTL), eligible travellers are allowed into Singapore without quarantine requirement. Earlier, the service, launched on November 29, 2021, was applicable only for flights from Delhi, Mumbai and Chennai. Now, [...]
New Delhi, Mar 4 (PTI) Mortgage lender PNB Housing Finance's board would take a call on raising capital, including through rights issue, next week after a failed attempt to garner Rs 4,000 crore by selling stake to Carlyle Group last year. A meeting of the Board of Directors of PNB Housing Finance Limited is scheduled [...]
New Delhi, Mar 4 (PTI) The Competition Commission has directed its investigation arm to initiate a probe into alleged abuse of dominant position by Star India Pvt Ltd. The order came on a complaint filed by Asianet Digital Network (P) Ltd against Star India, Disney Broadcasting (India) Ltd and Asianet Star Communications Pvt Ltd. According [...]
New Delhi, Mar 4 (PT) Global steel giant ArcelorMittal has stopped production at its Kryvyi Rih facility in Ukraine amid the ongoing conflict between the eastern European country and Russia. In a statement, ArcelorMittal, which is owned by Indian-origin industrialist Lakshmi N Mittal, said "the decision to idle its steelmaking operations in Kryvyi Rih, Ukraine [...]
New Delhi, Mar 4 (PTI) The edible oil industry has assured the government that it will ensure smooth supply of sunflower and other cooking oils for the next two months, amid concerns over possible disruption in supplies due to the Russia-Ukraine war, sources said on Friday. India imports a large quantity of sunflower oil from [...]
Kolkata, Mar 4 (PTI) The Ambassador of Mexico to India, Federico Salas Lotfe on Friday said that the association between India and Mexico is more than a decade old and the two countries intend to take their trade relationship to a new level after the pandemic, during which everything came to a halt. Lotfe said [...]
Shimla, Mar 4 (PTI) Himachal Pradesh Chief Minister Jai Ram Thakur announced no new tax proposal and increased the old-age pension to Rs 1,500 per month while bringing down the age limit to 60 years in the Rs 51,365-crore budget for 2022-23 presented in the Assembly on Friday. The budget focuses on social security and [...]
