New Delhi, Jan 15 (PTI) The CBI has booked E S Ranganathan, director (marketing) of public sector undertaking GAIL, and others in connection with an alleged bribery case, officials said Saturday. Following the registration of the case, CBI teams carried out searches at several locations in Delhi-NCR including the residence of Ranganathan, they said. PTI [...]
New Delhi, Jan 15 (PTI) Brilloca, a wholly-owned subsidiary of Somany Home Innovation Ltd (SHIL), on Saturday said it will acquire building products manufacturing business of HSIL Ltd in a slump sale for a cash consideration of Rs 630 crore. Currently engaged in marketing and distribution of building products such as sanitaryware, faucets, plastic pipes [...]
Colombo, Jan 15 (PTI) India’s financial package has prevented Sri Lanka from spiralling into a major economic tailspin for the time being, top economist WA Wijewardena said on Saturday, but warned that the Gotabaya Rajapaksa regime would need to seek an immediate bailout from the IMF to tide over the foreign exchange shortage grappling the [...]
New Delhi, Jan 15 (PTI) The power ministry has unveiled revised norms to support creation of electric vehicle charging infrastructure, with an aim to enable a faster adoption of EVs in the country by ensuring safe, reliable ecosystem. The revised guidelines include allowing EV owners to charge them at their residence/offices using their existing electricity [...]
New Delhi, Jan 15 (PTI) RIL subsidiary Reliance New Energy Solar, Hyundai Global Motors, Ola Electric, Mahindra & Mahindra and Larsen & Toubro are among the 10 firms that have submitted bids under the Rs 18,100 crore production linked incentive (PLI) scheme for Advanced Chemistry Cell (ACC) battery storage, the government said on Saturday. A [...]
New Delhi, Jan 15 (PTI) The country's largest private sector HDFC Bank on Saturday reported an 18.1 per cent rise in its standalone net profit at Rs 10,342.20 crore for the quarter ended December 2021, helped by healthy non-interest income and fall in bad loans provisioning. The bank had registered a net profit of Rs [...]
Kolkata, Jan 15 (PTI) Engineering Export Promotion Council of India has expressed concern that the spread of Omicron, the new variant of coronavirus, may once again disrupt the global supply chain, which could lead to a slowdown in trading activities. Exports of engineering goods registered a 38 per cent year-on-year growth in December, 2021 to [...]
New Delhi, Jan 15 (PTI) Future group's stake in Amar Chitra Katha Pvt Ltd (ACKPL) has increased to 68.72 per cent post conversion of debentures into equity. After the conversion, Future Consumer Ltd holds a majority stake in ACKPL, the publishers of Amar Chitra Katha comics, said a regulatory filing by the Future group firm. [...]
New Delhi, Jan 15 (PTI) Leasing of industrial and warehousing spaces across eight major cities went up by 35 per cent during 2021 to 35.1 million square feet, driven by higher demand from third-party logistics and e-commerce players, according to Savills India. The leasing stood at 26 million square feet in the previous calendar year. [...]
