New Delhi, May 2 (PTI ) Online travel services provider EaseMyTrip on Monday said it is planning to foray into currency exchange service for which it will be applying for a license to the Reserve Bank of India.The company is expanding its offerings and is now, planning to launch a currency exchange service. It will [...]
New Delhi, May 1 (PTI) Stating that ensuring adequate fuel supply to thermal power plants is its "priority", public sector miner Coal India has asked its employees to step up efforts and breach the production and offtake target of 700 million tonnes for FY23. In a letter to the employees of Coal India Limited (CIL), [...]
Tata Motors is looking to drive in a range of electric vehicles across various price points with multiple body styles and features in order to cater to a wide range of customers across segments, as per a top company official. The homegrown auto major, which currently leads the domestic electric passenger vehicle segment by a [...]
New Delhi, May 1 (PTI) Salasar Techno Engineering will invest Rs 100 crore to expand its business, the company's joint managing director Shashank Agarwal said. While Rs 50 crore is to be invested to set up a fabrication unit at Bhilai, another Rs 50 crore is to be utilised in putting up a galvanising plant, [...]
New Delhi, May 1 (PTI) IRS officer Sangeeta Singh has been given the additional charge of CBDT chairperson after incumbent J B Mohapatra retired as the head of the direct taxes administration body on April 30.An order issued by the Union Finance Ministry on Sunday said Singh, a 1986-batch officer of the Indian Revenue Service [...]
New Delhi, May 1 (PTI) Realty major Macrotech Developers is in an advanced stage of discussion with two global investors to set up a platform that will invest more than USD 1 billion to develop warehousing and industrial parks across India, a top company official said.In an interview with PTI, Macrotech Developers Managing Director (MD) [...]
New Delhi, May 1 (PTI) Eminent economist Suman Bery on Sunday took charge as the Vice Chairman of the government think tank Niti Aayog, according to an official statement.Bery has previously served as Director General (Chief Executive) of the National Council of Applied Economic Research (NCAER) and the global chief economist of Royal Dutch Shell.He [...]
New Delhi, May 1 (PTI) Fundraising through emerging investment instruments -- REITs and InvITs -- plunged 59 per cent to Rs 22,145 crore in 2021-22 primarily on account of uncertainty around the world and volatility in the stock market. In comparison, Rs 54,731 crore was raised in 2020-21. Prior to that, Rs 11,496 crore was [...]
New Delhi, Apr 30 (PTI) PVC pipes and plastic products maker Astral said it will acquire a majority 51 per cent stake in Gem Paints for Rs 194 crore, a move which will allow the Ahmedabad-based firm to expand its product portfolio into the paints segment. Astral has entered into a definitive agreement with Gem [...]
Mumbai, Apr 29 (PTI) IndusInd Bank on Friday reported a 51 per cent jump in consolidated net profit to Rs 1,401 crore in the March 2022 quarter, mainly due to lower provisioning.The private sector lender's post-tax profit was Rs 4,805 crore for fiscal 2021-22, up from the Rs 2,930 crore.The core net interest income rose [...]
