State-owned NBCC has signed an MoU to cooperate in the construction of 1,00,000 housing units in Zambia. NBCC, the Navratna CPSE of the Government of India, signed the MOU for cooperation with Scirocco Enterprises Ltd of Zambia for the construction of 1 lakh low and medium-cost houses to mitigate an acute shortage of housing in [...]
Hinduja Group flagship Ashok Leyland has inaugurated its new light commercial vehicle retail outlet in Tamil Nadu under its move towards strengthening presence, the company said on Tuesday. The company inaugurated its 11th light commercial vehicle dealership at Thiruparankundram Main Road, Pasumalai in Madurai on Tuesday offering sales, service and spares facility to customers. "...this [...]
The government on Tuesday extended the deadline for linking PAN and Aadhaar by three months to June 30, 2023, to provide some more time to taxpayers, an official statement said. The earlier deadline was ending on March 31. Persons can intimate their Aadhaar to the prescribed authority for Aadhaar-PAN linking without facing repercussions, it added. [...]
The government on Tuesday said it is too early to predict any damage to the wheat crop due to heat stress in February. In a written reply to Lok Sabha, Union Agriculture Minister Narendra Singh Tomar said, "In the month of February 2023, though the maximum temperature was hovering around 32-33°C in most of the [...]
Benchmark equity indices Sensex and Nifty ended marginally lower in highly volatile trade on Tuesday as losses in IT and auto stocks were largely offset by gains in banking and oil shares amid mixed global trends. The 30-share BSE Sensex ended 40.14 points or 0.07 per cent lower at 57,613.72 as 19 of its stocks [...]
India and China will contribute to half of the world's growth this year, China's top think tank said on Tuesday, highlighting that Asia will remain a crucial growth engine with an estimated 4.5 per cent GDP expansion, making it a "standout performer" amidst the global economic slowdown. The Boao Forum for Asia (BFA), Beijing’s prominent [...]
Air India Express and AirAsia India have moved to a unified reservation system, whereby passengers can make bookings for both airlines through an integrated website. The move is part of the ongoing process of merging AirAsia India with Air India Express. The combined entity will focus on leisure-oriented and price-sensitive markets. On March 27, the [...]
The telecom industry's financial health needs to improve if India's dream of digital connectivity across the country has to be fulfilled, Bharti Enterprises Vice-Chairman Akhil Gupta said on Tuesday. Very poor return on capital is a big hindrance in telecom development in India today and unless it changes, investments will dry up at some point [...]
As many as 11 companies, including Indosol, Reliance and First Solar, have bagged solar photovoltaic manufacturing projects of a total 39,600 MW capacity under the second tranche of the production-linked incentive scheme of the government. The government has allocated a total capacity of 39,600 MW of domestic Solar PV module manufacturing capacity to 11 companies, [...]
Embassy Office Parks REIT on Tuesday said it has agreed to acquire a 1.4 million square feet office property in Bengaluru for an enterprise value of Rs 334.8 crore. The acquiree, Embassy Business Hub is a 59-acre business park situated in North Bengaluru and is close to both the airport and Embassy REIT's flagship property [...]
