New Delhi, Feb 6 (PTI) Terming the recent budget a "development oriented" exercise, Union Road Transport and Highways Secretary Giridhar Aramane on Sunday said the pace of road construction will be further increased to achieve the target of expansion of national highways in the next fiscal. In the ongoing fiscal so far, he said, the [...]
New Delhi, Feb 6 (PTI) Godrej Properties expects record sales bookings during this quarter, beating the previous high of Rs 2,632 crore, driven by new launches of around 10 housing projects amid the strong revival of demand. In an interview with PTI, Godrej Properties Ltd (GPL) Executive Chairman Pirojsha Godrej said the residential market has [...]
New Delhi, Feb 6 (PTI) Bayer Cropscience Ltd has reported a net profit of Rs 84.8 crore in the third quarter ended December 2021, despite unseasonal rains, crop infestations and a challenging corn season. The company had posted a net loss of Rs 45.1 crore in the corresponding quarter last fiscal. Net revenues rose to [...]
New Delhi, Feb 6 (PTI) NHPC's 2,880-megawatt (MW) Dibang hydropower project in Arunachal Pradesh is expected to kick-off in the first quarter of 2022-23 "with in-hand forest and environment clearances", its Chairman and Managing Director Abhay Kumar Singh said. The company is waiting for the financial approval of the government which is expected soon, Singh [...]
New Delhi, Feb 6 (PTI) The government's massive capital spending programme outlined in the Budget 2022 will help crowd-in private investment by reinvigorating economic activities and creating demand, Finance Secretary T V Somanathan said. Finance Minister Nirmala Sitharaman raised capital expenditure (capex) by 35.4 per cent for the financial year 2022-23 to Rs 7.5 lakh [...]
New Delhi, Feb 6 (PTI) Ahead of initial public offering (IPO), Life Insurance Corporation (LIC) has last month appointed six independent directors on its board to meet regulatory norms of corporate governance. LIC appointed former financial services secretary Anjuly Chib Duggal, ex-Sebi member G Mahalingam, former SBI Life managing director Sanjeev Nautiyal, sources said. Besides, [...]
New Delhi, Feb 6 (PTI) More than 75 years ago, an opinion poll among Tata employees to choose from four names resulted in the country's first airline company being named as 'Air India'. Little over 10 days after formally taking control of Air India, Tata Group on Sunday shared nuggets of information about the history [...]
Industry leaders on Sunday mourned the death of singing legend Lata Mangeshkar, saying her demise is the loss of one of the greatest Indians. Sanjiv Goenka, Chairman RP Sanjiv Goenka Group that owns the country's oldest music label Saregama, said her music will continue to enthral for years to come. "Lata Ji and my mother [...]
New Delhi, Feb 6 (PTI) Drug major Dr Reddy's Laboratories has submitted a proposal to the Drugs Controller General of India (DCGI) to register Sputnik Light vaccine as a booster dose against COVID-19, a top company official has said. The Hyderabad-based drug major had partnered with the Russian Direct Investment Fund (RDIF) to conduct the [...]
New Delhi, Feb 6 (PTI) The implementation framework for PM GatiShakti national master plan is taking its final shape at a faster pace and after April 1 this year, every infrastructure project is expected to route through the network planning group (NPG) constituted under this initiative, a top government official said. The PM GatiShakti plan [...]
