New Delhi, Jan 26 (PTI) In a big-ticket land deal, Elan Group has bought around 40-acre land in Gurugram for Rs 580 crore from Indiabulls Real Estate to develop housing and commercial projects. With the purchase of this land parcel, located on Dwarka Expressway, Elan Group will make an entry into the housing segment with [...]
New Delhi, Jan 26 (PTI) The Indian Biogas Association (IBA) has urged the government to set up a 'Biogas Fertiliser Fund' with an initial provision of Rs 1.4 lakh crore for five years, as it has the potential to benefit five crore farmers and to reduce fossil fuel import bill. For materializing the envisaged target [...]
New Delhi, Jan 26 (PTI) A joint venture of billionaire Mukesh Ambani's Reliance Industries Ltd (RIL) and energy supermajor BP has opened one of the country's largest EV charging hubs in Delhi, as the duo scale up the fuel retail network, offering multiple fuel choices including EV charging infrastructure. Reliance BP Mobility Limited, operating under [...]
New Delhi, Jan 26 (PTI) The government should bring natural gas under the Goods and Services Tax (GST) regime to realise Prime Minister Narendra Modi's vision for a gas-based economy and raising the share of the environment-friendly fuel in India's energy basket, an industry body that represents the likes of Reliance Industries as well state-owned [...]
Pune, Jan 26 (PTI) The Central government should continue the financial assistance to states which it has been giving since the implementation of GST for at least two more years in view of the coronavirus pandemic, Maharashtra Deputy Chief Minister Ajit Pawar said here on Wednesday. Speaking to reporters after unfurling the National Flag on [...]
Mumbai, Jan 26 (PTI) Insurance companies are seeking a separate deduction limit of Rs 1 lakh for insurance premium payment under Section 80 C of the Income Tax Act in the upcoming Union Budget to bring in more people under the ambit of insurance. The insurers also want reduction in the goods and services tax [...]
Chennai, Jan 26 (PTI) Signaling a return to normalcy, India's largest truck lender, Shriram Transport Finance Company on Wednesday said its collection efficiency returned to 100 per cent in the second half of January after undergoing a brief blip in the first fortnight. Shriram Transport Finance Company Vice-Chairman and Managing Director Umesh Revankar said the [...]
Pune-based farm pipes major Finolex Industries on Tuesday reported a massive 30.5 per cent decline in net income to Rs 1,177.8 crore for the three months to December 2021 from Rs 255.9 crore a year ago, even though revenue declined only 5.7 per cent to Rs 1,005.25 crore. The bottomline (profit) was hit as the [...]
Indiabulls Real Estate Ltd (IBREL) on Tuesday reported a consolidated net loss of Rs 87.21 crore for the quarter ended December. Its net profit stood at Rs 80.58 crore in the year-ago period, according to a regulatory filing. Total income fell to Rs 355.59 crore in the third quarter of this fiscal, from Rs 756.81 [...]
