by PTI News | Feb 17, 2022 | 10:57 pm | News
Kathmandu, Feb 17 (PTI) Nepal's ruling coalition on Thursday failed to reach consensus on whether to present in Parliament the Millennium Corporation Challenge (MCC), a contentious USD-500 million infrastructure grants programme by the US. The tabling of the MCC was discussed by Prime Minister Sher Bahadur Deuba, CPN-Maoist Centre leader Pushpakamal Dahal "Prachanda" and CPN-Unified [...]
by PTI News | Feb 17, 2022 | 10:46 pm | Economy, News
New Delhi, Feb 17 (PTI) Amid tense situation in Ukraine, the Ministry of Civil Aviation has removed the curbs on the number of flights that can be operated between India and the Eastern European nation under the bilateral air bubble arrangement to facilitate travel of Indians from that country. Besides, the cap on the number [...]
by PTI News | Feb 17, 2022 | 10:40 pm | Corporate Action, News
New Delhi, Feb 17 (PTI) B2B e-commerce platform Elasticrun has raised USD 330 million from Softbank and others and looks to achieve a gross merchandise value in the next four years, a top company official said on Thursday. SoftBank Vision Fund 2 led the investment round by infusing USD 200 million in Elasticrun while Naspers, [...]
by PTI News | Feb 17, 2022 | 10:38 pm | Corporate Action, News
New Delhi, Feb 17 (PTI) The transition of digital ecosystem to metaverse, where a person will feel immersed in a virtual world, will push data usage by 20 times across the globe by 2032 and telecom operators Bharti Airtel and Reliance Jio are suitably placed to benefit from the surge in India, Credit Suisse said [...]
by PTI News | Feb 17, 2022 | 10:28 pm | News
Nagpur, Feb 17 (PTI) Union minister and Nagpur MP Nitin Gadkari has pitched for the establishment of a refinery and petro chemical complex (RPC) project in Vidarbha region which was planned in Ratnagiri in Maharashtra and is stalled for various reasons. Gadkari has written a letter to Petroleum Minister Hardeep Singh Puri on February 14 [...]
by PTI News | Feb 17, 2022 | 9:44 pm | Corporate Action, News
New Delhi, Feb 17 (PTI) Ambuja Cements Ltd, part of Swiss building material major Holcim group (earlier LafargeHolcim), on Thursday announced an investment of Rs 3,500 crore for expansion of its cement grinding capacity. "The board has approved in principle an investment of Rs 3,500 crore for a cement grinding expansion plan of potential 7.0 [...]
by PTI News | Feb 17, 2022 | 9:30 pm | Economy, News
New Delhi, Feb 17 (PTI) Indian IT companies are expected to hire about 3.6 lakh freshers in the services industry during the current financial year, market intelligence firm Unearthinsight said on Thursday. The report on IT industry insights and forecast said that the IT sector continues to witness an uptrend in attrition with 22.3 per [...]
by PTI News | Feb 17, 2022 | 9:24 pm | Corporate Action, News
New Delhi, Feb 17 (PTI) The mobile user count in India fell by staggering 1.28 crore in December 2021 compared to the previous month, with Reliance Jio and Vodafone Idea suffering subscriber losses, even as Bharti Airtel added customers, Trai data showed on Thursday. Loss of mobile subscribers by Jio (1.29 crore users in the [...]
by PTI News | Feb 17, 2022 | 9:23 pm | Economy, News
New Delhi, Feb 17 (PTI) India Inc has raised concerns over some of the new related party transaction (RPT) rules prescribed by market regulator Sebi which will come into effect from April this year. According to documents accessed by PTI, industry chambers Ficci and CII have suggested that the provisions be relaxed/clarified, observing that the [...]
by PTI News | Feb 17, 2022 | 9:18 pm | News
New Delhi, Feb 17 (PTI) An Amritsar-bound Vistara plane, carrying 146 passengers, on Thursday made an emergency landing at the airport in the national capital soon after take off due to a technical snag and aviation regulator DGCA is probing the incident, according to officials. The officials said the aircraft suffered hydraulic power failure and [...]
