Kolkata, Feb 18 (PTI) Plantation growers' body Tea Association of India (TAI) has requested the Tea Board to include bought leaf factories as stakeholders in the new law that will replace the existing Tea Act.A draft Tea (Promotion and Development) Bill, 2022, has been sent to the stakeholders for their feedback.The Bill has included blenders, [...]
Mumbai, Feb 18 (PTI) The Mahindra group, Tiger Global and Sequoia-backed Porter, an on-demand intra-city last-mile logistics aggregator, is entering the long distance, inter-city segment as well as offering packers & movers service. It also plans to expand to 25 cities this year from 15 cities now. The Uber of last-mile logistics was founded by [...]
New Delhi, Feb 18 (PTI) Indian conglomerate Vedanta has earmarked USD 15 billion for foray into the electronic chip and display manufacturing space, and plans to scale up the investment to as much as USD 20 billion (about Rs 1.5 lakh crore), a senior company official said. It expects to roll out display units, for [...]
New Delhi, Feb 18 (PTI) Markets watchdog Sebi on Friday proposed that loss-making new age technology companies planning to list their shares should make disclosures about their key performance indicators considered for arriving at the basis of issue price in offer documents. Besides, such companies should make disclosures about their valuations based on issuance of new [...]
Three contract workers died in an accident in Durgapur Steel Plant (DSP) while working on a maintenance job in a part of the unit in West Bengal's Paschim Bardhaman district on Friday, the plant authorities said. Union leaders alleged that they died after inhaling toxic gas. The three fall unconscious while working at the basic [...]
Mumbai, Feb 18 (PTI) Prime Minister Narendra Modi on Friday pushed for early completion of the Mumbai-Ahmedabad high-speed rail project and said his government's focus is on creating infrastructure for the 21st century in the financial capital.He said the ambitious project (also called bullet train) is the need of the hour as it will strength [...]
New Delhi, Feb 18 (PTI) CSB Bank on Friday said the Reserve Bank has approved appointment of Pralay Mondal as the deputy managing director of the private sector lender for three years. "Pralay Mondal has been appointed as Deputy Managing Director of CSB Bank post RBI's approval in terms of Section 35B of the Banking [...]
New Delhi, Feb 18 (PTI) As the Pradhan Mantri Fasal Bima Yojana (PMFBY) enters the seventh year of implementation with the upcoming Kharif season, the government on Friday said it will launch a doorstep distribution drive to deliver crop insurance policies to farmers. The doorstep campaign 'Meri Policy Mere Hath' aims to ensure all farmers [...]
IndiGo's co-promoter Rakesh Gangwal on Friday resigned from the board of directors of parent company InterGlobe Aviation, stating that he will gradually reduce his equity stake in the airline over the next five years. Gangwal and his related entities own around 37 per cent stake in this company. Rahul Bhatia and his related entities own [...]
Mumbai, Feb 18 (PTI) Healthcare industry veteran Kapil Khandelwal's Toro Finserve has announced the launch of its maiden healthcare fund with a USD 1 billion (about Rs 7,450 crore) commitment from investors, primarily hedge funds and healthcare industry players. Khandelwal, who launched the country's first quant (algo-based) hedge fund -- EquNev-K1t Capital -- which he [...]
