Mumbai, Feb 27 (PTI) Kalyan Jewellers is planning to enter the franchise model in the first half of the next financial year to accelerate expansion mainly in the non-southern India market, according to a top company executive. "We decided to make a foray into the franchise model to accelerate our expansion. Till date, all stores [...]
As Air India ferries hundreds of Indians stranded in Ukraine, the cost of operating a two-way evacuation flight will be more than Rs 1.10 crore and the amount will go up depending on the duration of the flights. The airline is operating the services with wide-body Boeing 787 plane, better known as Dreamliner, from neighbouring [...]
Jaipur, Feb 27 (PTI) HMT Machine Tools Ajmer, a wholly-owned subsidiary of state-run HMT Limited, has developed a highly-productive grinding machine for railway axles which would cost less than half of similar imported equipment, the company said on Sunday. Indian Railways was importing these machines from European countries as such equipment was not being manufactured [...]
Kochi, Feb 27 (PTI) The Cochin International Airport Limited (CIAL), the world's first airport fully powered by solar energy, is to become power-positive with the commissioning of its new solar power plant near Payyannur in Kannur district of Kerala. Chief Minister of the State Pinarayi Vijayan would inaugurate the 12 MWp solar power plant on [...]
New Delhi, Feb 27 (PTI) The commerce ministry has made it mandatory for exporters to file registration-cum-membership certificate (RCMC) applications through a common digital portal, a move aimed at promoting ease of doing business for the trading community. According to the Foreign Trade Policy, a Registration-cum-Membership Certificate (RCMC) is required for exporters in order to [...]
Mumbai, Feb 27 (PTI) The Reserve Bank of India (RBI) is proposing to assess the impact of the multi-media awareness campaigns launched by it to promote financial literacy and also safe banking practices. The RBI runs the 'RBI Kehta Hai' campaign to educate and empower the public about banking regulations, and also to make them [...]
New Delhi, Feb 27 (PTI) The government is looking to hire a person to manage and monetise land as well as other immovable properties of AI Assets Holding Ltd (AIAHL) that are estimated to be worth around Rs 14,000 crore. The designation of the person will be 'Chief of Properties and Monetisation Officer' and will [...]
New Delhi, Feb 27 (PTI) Jaipur Rugs aims to be a Rs 1,000-crore company in the next financial year, helped by expansion in the domestic and overseas markets, as the handmade rugs manufacturer has opened a new store in Europe and is looking at Southeast Asian markets also, said a company official. The firm has [...]
New Delhi, Feb 27 (PTI) Bengaluru-based realty firm Brigade Enterprises Ltd's sales bookings increased by 14 per cent to Rs 1,994.8 crore in the first nine months of this fiscal, mainly on the back of revival in housing demand. According to an investors presentation, the company sold properties worth Rs 1,994.8 crore during April-December period [...]
Kathmandu, Feb 27 (PTI) Nepal's ruling alliance is likely to back the USD 500 US-grant Millennium Corporation Challenge (MCC) programme during a discussion on the contentious issue in Parliament on Sunday.A meeting of the ruling coalition partners is underway at the Prime Minister Sher Bahadur Deuba's official residence here to discuss ways to ratify the [...]
