New Delhi, Apr 15 (PTI) The country's leading cement maker UltraTech Cement on Friday announced investing USD 101.10 million (around Rs 839.52 crore) for a 29.39 per cent equity stake in the UAE-based RAK Cement Co for White Cement and Construction Materials PSC (RAKWCT). This is a "strategic investment" for the company, Aditya Birla Group [...]
New Delhi, Apr 15 (PTI) The government is planning to mandate installation of telecom infrastructure inside housing projects and premises by making changes in the national building code and model building bye-laws, according to draft Right of Way guidelines issued by the Department of Telecom. The Department of Telecom (DoT) has come up with the [...]
Colombo, Apr 15 (PTI) Sri Lanka has started a process to import cooking gas through a credit line arrangement with India, the chair of the country’s state-run gas company Litro Gas said on Friday as he resigned from his post alleging that a gas mafia was engaged in corruption amidst the country’s worst economic crisis. [...]
New Delhi, Apr 15 (PTI) Housing Development Finance Corporation Ltd (HDFC) has moved insolvency tribunal NCLT against the country's leading multi-system operator SITI Networks Ltd for an alleged default of Rs 296 crore. SITI Networks has received a notice issued by the Mumbai bench of the National Company Law Tribunal over the petition filed by [...]
New Delhi, Apr 15 (PTI) The commerce ministry has relaxed various procedures under the Export Promotion Capital Goods (EPCG) scheme in order to reduce compliance requirements and facilitate ease of doing business. Under the scheme, imports of capital goods are allowed duty free, subject to an export obligation. The authorisation holder (or exporter) under the [...]
Rishikesh, Apr 15 (PTI) THDC India Limited on Friday signed an MoU with the Rajasthan government to produce 10,000 MW of renewable energy. The project will be completed in five years at a cost of Rs 40,000 crore. The memorandum of understanding (MoU) was signed by THDC CMD Rajiv Vishnoi and Rajasthan Renewable Corporation Ltd [...]
New Delhi, Apr 15 (PTI) Retail tech startup Daalchini Technologies is expecting to grow multi-fold and clock a revenue of Rs 50 crore during the current fiscal with offices and institutions reopening in the country, a senior official of the company said on Friday.The company sources vending machines from third party manufacturers and adds Internet-of-Things [...]
New Delhi, Apr 15 (PTI) Olectra Greentech Ltd, a part of industrial conglomerate MEIL, on Friday said it has begun trials of a 6x4 heavy-duty electric tipper as part of an expansion into the electric truck segment. "Pioneer and market leader in electric bus manufacturing, Olectra now entered into truck manufacturing and this prototype is [...]
Kolkata, April 15 (PTI) Eastern India's leading jewellery retail chain, Senco Gold Limited has filed a draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise Rs 525 crore through an initial public offering, sources in the company said. The IPO of Senco Gold comprises fresh issue of equity shares aggregating up to [...]
New Delhi, Apr 15 (PTI) The Finance Ministry has invited applications for the post of managing director of Central Registry of Securities Asset Reconstruction and Security Interest of India (CERSAI). The Central Registry of Securities Asset Reconstruction and Security Interest of India (Central Registry) has been incorporated in 2011 as a government company under Section [...]
