New Delhi, Mar 27 (PTI) Realty major DLF will invest around Rs 2,000 crore to construct two new shopping malls in Gurugram and Goa, as it sees huge growth potential in organised retail with opening up of the economy after significant reduction in COVID-19 cases. In an interview with PTI, Sriram Khattar, Managing Director, DLF [...]
Colombo, Mar 27 (PTI) Sri Lanka’s oldest and first international airport was relaunched on Sunday with its first international flight landing in 54 years, aviation officials said. A flight from the Maldives landed at the Ratmalana International Airport here. The 50-seater Maldivian flight would operate three flights a week to Colombo which would be later [...]
New Delhi, Mar 27 (PTI) To improve the ease of living for the common man, the government is working on a proposal to launch a common portal for various schemes run by different ministries and departments.As part of the Narendra Modi government's vision of minimum government maximum governance, the new portal will initially onboard 15 [...]
Singapore, Mar 27 (PTI) Acknowledging that labour-intensive industries in the country continue to face manpower shortage, the Singapore government on Sunday again extended foreign worker levy rebate for three months, a move which will help companies dependent on imported workers.The levy rebate extension is part of several support measures that were put in place to [...]
Jabalpur, Mar 27 (PTI) The state-owned Madhya Pradesh Power Transmission Company Limited (MPPTCL) has hired drones to detect faults in the high voltage transmission lines, officials said on Sunday. The drones are being used on an experimental basis for a year in dense forests, hilly terrains and plains in and around Jabalpur, doing away with [...]
New Delhi, Mar 27 (PTI) Bank of Maharashtra (BoM) has received the best bank award at national level under the public sector category from State Forum of Bankers' Clubs Kerala (SFBCK). Kerala's Industries and Commerce Minister P Rajeeve handed over the award to BoM Managing Director A S Rajeev, the bank said in a statement [...]
Mumbai, Mar 27 (PTI) The lenders have approved IL&FS Group's proposal to restructure the Rs 5,500 crore debt of its subsidiary Chenani Nashri Tunnelway (CNTL), which offers almost full repayment to them.The move comes after the company has revalued itself at Rs 5,257 crore now after the deal with Cube Highways of Singapore failed last [...]
New Delhi, Mar 27 (PTI) The West Bengal government will intensify its investor outreach efforts, and is betting big on a planned deep-sea port, coal mine and industrial corridor being developed in the state to attract entrepreneurs, a top official has said. West Bengal Industrial Development Corporation (WBIDC) Chairman Rajiva Sinha said there is a [...]
BSE’s benchmark India Sensex gave a return of 14.41% last year amid the pandemic and global war crisis. Investors looking to get multi-bagger returns generally turned towards riskier smallcap and penny stocks to get higher returns. However, during this same time period, four Tata stocks belonging to a reputable parent brand have more than doubled [...]
New Delhi, Mar 27 (PTI) With Covid cases declining, Santacruz Electronic Export Processing Zone Special Economic Zone (SEEPZ SEZ) Mumbai has directed its units to start functioning from office with 100 per cent capacity from September 1 this year.According to a communication of the office of the development commissioner SEEPZ SEZ, it is decided that [...]
The Indian Stock Market witnessed flat movements in the fourth week of March with Sensex moving -301.60 (-0.52%) in the last five trading sessions and closing at 57,362.20 points on Friday. NSE benchmark index Nifty50 also moved sluggishly –180.65 (-1.04%) and ended at 17,153.00 points last week. Market events last week included Anil Ambani resigning [...]
New Delhi, Mar 27 (PTI) To promote ease of doing business and growth of the sector, the draft rubber bill has proposed a series of steps, including replacement of periodic licensing with one-time registration, removal of permission requirement for possession of natural rubber and laying down clear procedures for inspection.The commerce ministry has proposed the [...]
New Delhi, Mar 27 (PTI) Carbon-based taxation system has taken precedent across developed nations and it should be considered in India as well to promote electrification and other technologies that aim to reduce vehicular emissions in the long run, as per a top executive of Toyota's luxury car arm Lexus.The luxury carmaker, which sells seven [...]
Tata Elxsi, the IT and Software company of Tata Group, also working in the Artificial Intelligence industry, has given a return of over 1,200 % in the last two years. The Tata Elxsi stock has surged to Rs 8,450 in March 22 from a share price of Rs 639 in March’20 two years back. In the [...]
India's largest gas utility GAIL (India) Ltd continues to pay for the LNG it imports from Russia's Gazprom in US dollars and will seek exchange rate neutrality in case payments are sought in any other currency such as Euro, two sources said. GAIL has a deal to receive 2.5 million tonnes of liquefied natural gas [...]
Essentially, trading is nothing but an art to be able to foresee the future. There is joy (of profits) if we can foresee it right, and a sense of grief (losses) if our views and conviction go wrong. In simple terms, a trader is an individual or entity who buys or sells financial instruments like [...]
Shareholders of Vodafone Idea have approved a proposal to raise Rs 14,500 crore, the debt-ridden telecom operator said in a filing on Saturday. Shareholders approved the proposal at the extraordinary general meeting held on Saturday, the filing said. Vodafone Idea (VIL) had placed special resolution of issue of equity shares worth Rs 4,500 crore to [...]
Ola Electric on Saturday said it is investigating the incident of its electric scooter catching fire in Pune and will take appropriate action. A video of the company's electric scooter catching fire has been widely circulated on social media with users raising questions over the safety standards of the vehicle. Reacting to the incident, Ola [...]
Male, Mar 26 (PTI) Describing the "time-tested" relationship between India and the Maldives as a "force for stability" in the region, External Affairs Minister S Jaishankar said on Saturday that the shared responsibility of the two countries is to nurture and strengthen it.Speaking at a joint press appearance alongside Maldives Foreign Minister Abdulla Shahid after [...]
Hyderabad, Mar 26 (PTI) The Technology Development Board (TDB) of the Union Ministry of Science and Technology and Sapigen Biologix Private Limited, Hyderabad on Saturday entered into an agreement for development and commercialisation of two novel vaccines -- "Intranasal COVID-19 Vaccine and RTS, S Malaria Vaccine". Sapigen Biologix is helmed by Krishna Ella of Bharat [...]
