by PTI News | Mar 22, 2022 | 10:01 pm | News
New Delhi, Mar 22 (PTI) A Parliamentary panel has suggested the power ministry to enhance the fund allocation for Revamped Distribution Sector Scheme (RDSS), which is aimed at revival of distribution companies, during 2022-23 at revised estimate stage. "They also express their concern over the less allocation of funds for this important scheme and recommend [...]
by PTI News | Mar 22, 2022 | 9:55 pm | Corporate Action, News
Kochi, Mar 22 (PTI) A Kochi-based educational startup has launched video solutions to mathematics questions for CBSE syllabus explaining how to solve each problem. Showans.com, the web portal, has initiated the service explaining answers to multiple-choice questions in video format. "In the first phase, the video service covers the mathematics syllabus of CBSE Class X, [...]
by PTI News | Mar 22, 2022 | 9:51 pm | News
New Delhi, Mar 22 (PTI) A Parliamentary panel on Tuesday suggested that the government should conduct a third-party audit of CSR spending by corporates.The Parliamentary Standing Committee on Finance, headed by BJP member Jayant Sinha, also expressed concerns over the monitoring mechanism in ensuring compliance with the provisions of CSR, saying that information regarding such [...]
by PTI News | Mar 22, 2022 | 9:50 pm | Corporate Action, News
Kochi, Mar 22 (PTI) Technisanct, a cybersecurity startup with its research centre in Kochi, has decided to increase its manpower as the firm has received an investment of Rs 2 crore. The company said it received the investment with participation from Shashidhar Pai (S3K Ventures), K T Chandy (Partner-EY) and Surabhi Marwah (Partner-EY). Technisanct, which [...]
by PTI News | Mar 22, 2022 | 9:46 pm | Corporate Action, News
New Delhi, Mar 22 (PTI) Hotel bookings for the March-May period this year have surpassed the pre-pandemic levels of the same period of 2019, led by strong domestic demand, Indian Hotels Co Ltd (IHCL) Managing Director & CEO Puneet Chhatwal said on Tuesday. The head of the Tata group hospitality firm said that the long-term [...]
by PTI News | Mar 22, 2022 | 9:44 pm | News
New Delhi, Mar 22 (PTI) Cutting across party lines, Lok Sabha members on Tuesday lauded the government's efforts to rescue students stranded in war-torn Ukraine even as opposition members slammed the sale of national carrier Air India and the move to privatise airports.Participating in the debate on the demand for grants of the civil aviation [...]
by PTI News | Mar 22, 2022 | 9:44 pm | Corporate Action, News
New Delhi, Mar 22 (PTI) IT company HCL Technologies has signed an agreement with Florida-based Neoris to jointly offer integrated IT solutions globally.As a result of this collaboration, both companies will be able to expand their operations and access new regions, making them better positioned to explore global markets.Neoris' global presence includes operations in Latin [...]
by PTI News | Mar 22, 2022 | 9:43 pm | News
New Delhi, Mar 22 (PTI) A Parliamentary panel on Tuesday suggested the Ministry of New and Renewable Energy (MNRE) to monitor RE projects and adhere to deadlines saying clean energy target of 175GW is unlikely to be achieved by 2022. "Because of continuous non-achievement of the assigned yearly physical targets, it is highly unlikely that [...]
by PTI News | Mar 22, 2022 | 9:30 pm | News
New Delhi, Mar 22 (PTI) Adani Power on Tuesday said its board has approved an amalgamation scheme for the merger of its six wholly-owned subsidiaries with itself."The Board of Directors of Adani Power Ltd at its Meeting held on March 22, 2022, approved, subject to requisite approvals/consents, the Scheme of Amalgamation of various wholly-owned subsidiaries [...]
by PTI News | Mar 22, 2022 | 9:27 pm | News
New Delhi, Mar 22 (PTI) The Serious Fraud Investigation Office (SFIO) has been ordered to probe 14 cases involving 95 companies in the current fiscal till March 17, the government informed Rajya Sabha on Tuesday. In a written reply, Minister of State for Corporate Affairs Rao Inderjit Singh also said the government has taken a [...]
by PTI News | Mar 22, 2022 | 9:21 pm | Economy, News
New Delhi, Mar 22 (PTI) Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday said it has achieved the milestone of handling 300 million metric tonnes (MMT) of cargo well ahead of the year end. Adani Ports said it has registered unprecedented growth since it started operations just over two decades ago, and continues [...]
by PTI News | Mar 22, 2022 | 9:20 pm | News
New Delhi, Mar 22 (PTI) IT major TCS is ready to put in place 5G network for any telecom operator across the globe on any given day and the company is working in India on a country-specific gears for the network, a senior company official said. TCS head for Communication, Media & Information Services Kamal [...]
by PTI News | Mar 22, 2022 | 9:14 pm | Commodities, News
New Delhi, Mar 22 (PTI) A Parliamentary panel on Tuesday asked the Consumer Affairs Ministry to devise a mechanism for controlling misleading and fake advertisements and suggested options such as hefty penalties and imposing a ban to prevent companies from publishing such advertisements in the future. The Standing Committee on Food, Consumer Affairs and Public [...]
by PTI News | Mar 22, 2022 | 9:05 pm | News
New Delhi, Mar 22 (PTI) Capital markets regulator Sebi has slapped fines totalling Rs 1.76 crore on 26 individuals for indulging in fraudulent trading activities in the shares of Gala Global Products Ltd (GGPL).The regulator has imposed penalties ranging from Rs 5 lakh to Rs 10 lakh.Securities and Exchange Board of India (Sebi) had conducted [...]
by PTI News | Mar 22, 2022 | 8:53 pm | News
New Delhi, Mar 22 (PTI) Opposition parties on Tuesday attacked the government over the rise in prices of cooking gas, petrol and diesel, alleging it had held back for the last few months only because of elections and had once again ''inflicted pain'' on the common man as the assembly polls were over.They also protested [...]
by PTI News | Mar 22, 2022 | 8:48 pm | News
Srinagar, Mar 22 (PTI) A visiting delegation of foreign investors on Tuesday said Jammu and Kashmir is a "big opportunity" to invest and its members will soon take forward their investment proposals. A business delegation from the Gulf countries is on a four-day visit to the valley to explore investment opportunities in the Union Territory. [...]
by PTI News | Mar 22, 2022 | 8:46 pm | News
New Delhi, Mar 22 (PTI) The Revenue Department should devise a concrete action plan and a road map to clear the backlog of over Rs 21 lakh crore of tax arrears, a Parliamentary panel said on Tuesday. The Standing Committee on Finance in its report also suggested that the department should exercise due diligence before [...]
by PTI News | Mar 22, 2022 | 8:42 pm | News
New Delhi, Mar 22 (PTI) Realtors' body CREDAI-NCR on Tuesday said its developer members are planning to stop construction works due to a significant rise in cost of raw materials like cement and steel. The construction cost has gone up by about Rs 500 per square feet and this could lead to an increase in [...]
by PTI News | Mar 22, 2022 | 8:38 pm | Commodities, Corporate Action, News
New Delhi, Mar 22 (PTI) Equity shares of GMR Power and Urban Infra Ltd, the non-airport business company of the GMR Group, will start trading on BSE and NSE from Wednesday onwards. "The scrip will trade under the script ID GMRP&UI," the company said in a statement. GMR Power and Urban Infra Limited (GPUIL) is [...]
by PTI News | Mar 22, 2022 | 8:30 pm | News
New Delhi, Mar 22 (PTI) As a Parliamentary panel examines proposed changes to a law governing chartered accountants, ICAI President Debashis Mitra on Tuesday pitched for maintaining the "status quo" on the constitution of the institute's disciplinary committee and asserted that the current system is working well.The corporate affairs ministry has introduced a bill in [...]
