Colombo, May 1 (PTI) Sri Lanka's beleaguered President Gotabaya Rajapaksa on Sunday urged all political parties to set aside their differences and appealed to the protesting citizens to join hands to steer a "pro-people struggle" to meet the challenges, amidst growing demands for his government's immediate resignation over its failure to tackle the country’s worst [...]
New Delhi, May 1 (PTI) The dream of a 'Healthy India Prosperous India' cannot be realised without ensuring the good health of women workers, Union Labour Minister Bhupender Yadav said on Sunday. Yadav visited ESIC Hospital, Faridabad on the occasion of International Labour Day where a health and nutrition check-up camp was organised for female [...]
New Delhi, May 1 (PTI) Union Power Minister R K Singh has said the Delhi government is misleading the public with incorrect information about the electricity situation in the national capital. In a letter shot off to the Delhi power minister, Singh has expressed displeasure at the Delhi government misleading the public, a source said. [...]
Kolkata, May 1 (PTI) The merger of Tata Coffee Ltd with Tata Consumer Products Ltd (TCPL) will be completed in 12-14 months and the companies are in the early stages of filing the regulatory process, an official said. Tata Coffee Ltd officials do not foresee any roadblocks in the process of merger. "It would take [...]
New Delhi, May 1 (PTI) The government on Sunday said the country has sufficient stock of edible oils and it is keeping a close watch on the price as well as supply situation. "India has optimum stock of all edible oils. As per the industry sources, the present stock of all edible oils in the [...]
Bengaluru, May 1 (PTI) Giving the analogy of chip major Intel's famous slogan "Intel Inside", Minister of State for Communications and IT Rajeev Chandrasekhar on Sunday said all efforts of the government in the semiconductor domain should make the world hear "Digital India Inside". The minister also said industry players like Dell, Sony as well [...]
Panaji, May 1 (PTI) Sudhakar T N on Sunday took over the additional charge of Chairman and Managing Director at Goa Shipyard Limited. He took over the additional charge of CMD after Cmde B B Nagpal demitted the office, the company said in a press release. Goa Shipyard Limited (GSL) spokesman said that Sudhakar started [...]
New Delhi, May 1 (PTI) Software-as-a-service firm Securonix on Sunday said it raised fresh investments from Capital One Ventures, Snowflake Ventures, Verizon Ventures and Wipro Ventures. These strategic investments will allow Securonix to build and expand relationships with existing customers and partners as it continues to set the standard for cloud-native security analytics and operations, [...]
Facing production issues due to supply chain challenges, leading carmakers Maruti Suzuki (MSI) and Hyundai Motor reported a dip in vehicle dispatches from factories to dealers in April this year. Tata Motors, Toyota Kirloskar Motor and Skoda Auto on the other hand witnessed a robust growth in vehicle dispatches last month. The country's largest carmaker [...]
New Delhi, May 1 (PTI) The price of 19-kg commercial LPG cylinder was on Sunday hiked by Rs 102.50, the third straight monthly increase. With this, the 19-kg commercial cooking gas cylinder will now cost Rs 2,355.50, according to a price notification of state-owned fuel retailers. The commercial LPG price was increased by Rs 105 [...]
New Delhi, May 1 (PTI) Bodhi Tree Systems, led by James Murdoch and Uday Shankar, will buy a strategic stake in Kota-based Allen Career Institute for USD 600 million (around Rs 4,590 core), a joint statement said on Sunday. Allen Career Institute Managing Director Keshav Maheshwari said the majority of the investment will be utilised [...]
Mumbai, May 1 (PTI) French third-party logistics company FM Logistic has said India is a significant growth engine for the company and it is expecting its business here to account for 20-25 per cent of the overall topline in the next five years. The company also said FM Logistic India has grown three times in [...]
Mumbai, May 1 (PTI) With the economic activities growing gradually after two years of COVID-related disruptions, jewellers are upbeat about this Akshaya Tritiya, expecting sales to surpass the 2019 levels. However, some of them feel that the recent surge in gold prices could become a hindrance. Akshaya Tritiya will be celebrated across the country on [...]
Bengaluru, May 1 (PTI) The Karnataka government has approved 60 industrial projects worth Rs 2,465.94 crore that would generate jobs for over 8,575 people in the State. The 131st State-level single-window clearance committee (SLSWCC) meeting held under the chairmanship of Minister for Large and Medium Scale Industries Murugesh R Nirani on Saturday cleared the projects. [...]
New Delhi, May 1 (PTI) Honda Cars India Ltd (HCIL) on Sunday reported a 13 per cent decline in domestic sales to 7,874 units for April.The company had sold 9,072 units in the domestic market during April 2021, HCIL said in a statement.Exports last month stood at 2,042 units against 970 units in April 2021."The [...]
Chennai, May 1 (PTI) Japanese car-maker Nissan has decided to reduce the production of Datsun brand of cars in its facility near here and introduce a new model as part of its market-restructuring strategy, the Tamil Nadu government said on Sunday. Auto major Renault-Nissan has set up a joint manufacturing facility at Oragadam, about 45 [...]
New Delhi, May 1 (PTI) Indian FMCG players, particularly food and snacks manufacturers, have said they are concerned about Indonesia's move to ban exports of crude palm oil, though some of them expect the decision is likely to have only transitory impacts on a short-term basis. Several industry leaders hint that they will reduce their [...]
Mumbai, May 1 (PTI) The primary objective of the Insolvency and Bankruptcy Code (IBC) process is resolution of a distressed firm, but the recovery percentage also needs to be kept in mind, SBI Managing Director J Swaminathan said on Sunday. Financial and operational creditors owe money to companies facing insolvency proceedings and so recovery has [...]
New Delhi, May 1 (PTI) The GST collection in April touched the highest ever level of about Rs 1.68 lakh crore, up 20 per cent from the year-ago period, on improved compliance and recovery in business activity, the Finance Ministry said on Sunday. During the month, 1.06 crore GST returns from GSTR-3B were filed, of which 97 [...]
New Delhi, May 1 (PTI) State-run power giant NTPC has invited bids from the country's startups for the production of torrefied biomass pellets. Through its research and development wing NETRA, the NTPC intends to provide a platform to startups to enable them develop an advanced technology for producing torrefied biomass pellets that are well-suited for [...]
