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) [...]
Mumbai, May 1 (PTI) Maharashtra is all set to become a one trillion-dollar economy and it will be the first state in the country to do so, Governor Bhagat Singh Koshyari said here on Sunday on the occasion of 62nd anniversary of the state's formation. Koshyari addressed an event held at the Shivaji Park in [...]
The US Fed interest rate decision, domestic macroeconomic data announcements and ongoing quarterly earnings are some of the major factors that will drive the stock markets in a holiday-shortened week, analysts said. Besides, monthly auto sales numbers and the LIC IPO will also remain in focus, they added. Equity markets will remain closed on Tuesday [...]
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 worried citizens to join hands to steer a "pro-people struggle", amidst growing demands for his government's immediate resignation over its failure to tackle the country’s worst economic crisis. His message [...]
New Delhi, May 1 (PTI) Nuts and dried fruits player VKC Nuts Pvt Ltd is targeting sales of USD 1 billion (over Rs 7,650 crore) in the next five years, riding on the growth of the category propelled by increasing health awareness and expansion of its offerings, according to a top company official. The company, [...]
New Delhi, May 1 (PTI) Peak power shortage rose swiftly this week from single digit of 5.24 GW on Monday to touch double digit of 10.77 GW on Thursday showing affects of various factors like low coal stocks at generation plants, heatwave and other issues on deepening electricity crisis. The latest data of national grid [...]
New Delhi, May 1 (PTI) The CBIC has asked field offices not to deny Customs duty exemptions to importers of oxygen-related equipment merely for not adhering to import procedures during the second wave of the Covid-19 pandemic last year.The Central Board of Indirect Taxes and Customs (CBIC) said the issue of non-observance of conditions of [...]
New Delhi, May 1 (PTI) The Income Tax department has notified a new form for filing updated I-T returns in which taxpayers will have to give the exact reason for filing it along with the amount of income to be offered to tax.The new form (ITR-U) will be available to taxpayers for filing updated income [...]
New Delhi, May 1 (PTI) India-Mauritius trade agreement may include safeguard mechanism related provisions to protect the domestic industry from a sudden or unusual surge in imports of goods, according to sources.The agreement between the two countries came into force on April 1, 2021. After the implementation of such pacts, provisions can be added to [...]
New Delhi, May 1 (PTI) MG Motor India on Sunday said its retail sales declined 22 per cent to 2,008 units last month compared to 2,565 in April 2021.The production remained volatile and immensely impacted by the global supply chain constraints due to the sudden and new COVID-19 lockdowns in different parts of the world, the [...]
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, May 1 (PTI) Jet fuel prices on Sunday were hiked by 3.22 per cent -- the ninth straight increase this year -- to an all-time high, reflecting a surge in global energy prices.The price of aviation turbine fuel (ATF) -- the fuel that helps aeroplanes fly -- was hiked by Rs 3,649.13 per [...]
Gurugram, Apr 30 (PTI) The Gurugram police has indicted three people, including a ‘resolution professional’ appointed by the National Company Law Tribunal for the revival of Educomp Infrastructure & Schools Management Limited as a corporate debtor amid its insolvency process, for cheating it instead. Police filed a chargesheet in a court here indicting Resolution Professional [...]
Kochi, Apr 30 (PTI) Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal, on Saturday laid the foundation for a Roll-On-Roll-Off (Ro-Ro) facility at Cochin Port. The new Ro-Ro facility, under the 'Sagarmala' scheme of the Union government, will be developed between Q1 berth and South Coal Berth on the Mattancherry Channel in Cochin Port. [...]
Chennai, Apr 30 (PTI) Expressing concern over the reported move by Japanese carmaker Nissan Motor to halt the production of Datsun redi-GO car models at its Chennai plant, AIADMK co-ordinator O Panneerselvam urged Tamil Nadu Chief Minister M K Stalin to immediately intervene and ensure steps to sustain the operations. The future of thousands of [...]
New Delhi, Apr 30 (PTI) The government has restricted the imports of certain waste and scrap of precious metals, according to a notification of the commerce ministry.Imports of these items were free earlier. Now, it has been put under a restricted category, which means an importer will have to seek a license or permission from [...]
New Delhi, Apr 30 (PTI) State-run power generating companies of Maharashtra, West Bengal, Jharkhand, Tamil Nadu, Rajashthan and Madhya Pradesh owe Rs 6,477.5 crore to Coal India Ltd amid the country grappling with coal shortages.At present, the country is witnessing a power crisis on account of coal shortages.While Maharashtra State Power Generation Company owes the [...]
Kochi, Apr 30 (PTI) Unveiling the startup engagement framework of the Cochin Shipyard Limited (CSL), Union Minister for Ports, Shipping and Waterways, Sarbananda Sonowal on Saturday announced an initial corpus fund of Rs 50 crore as investment in startup companies in the maritime sector. Inaugurating the golden jubilee celebrations of the CSL here, the Union [...]
Purnea (Bihar), Apr 30 (PTI) Bihar Chief Minister Nitish Kumar on Saturday claimed that the state is witnessing a rapid industrial growth for the last few years and asserted it will soon become one of the leading ethanol producers in the country. Inaugurating a greenfield grain-based ethanol plant in Parora in Purnea district, Kumar said [...]
