New Delhi, Mar 17 (PTI) Realty firm Hiranandani Developers co-founders and brothers Niranjan Hiranandani and Surendra Hiranandani have divided some of the joint real estate projects in Mumbai Metropolitan Region (MMR), sources said. As per the settlement between the two brothers, Niranjan Hiranandani will own 250-acre township in Powai, while Surendra Hiranandani has received 350-acre [...]
London, Mar 17 (PTI) The UK government said internet users are closer to a safer online environment across websites and social media platforms as its “world-first” online safety law was tabled in Parliament on Thursday. The Online Safety Bill has been dubbed a milestone in the fight for a new digital age, which will hand [...]
Washington, Mar 17 (PTI) The global economic fallout of the war in Ukraine is expected to negatively impact India's economy, while the immediate impact of the conflict on China is likely to be relatively small, the IMF said on Thursday.“The global economic fallout of the war is expected to negatively impact India's economy through a [...]
New Delhi, Mar 17 (PTI) Leading drug makers Cadila Pharmaceuticals, Aurobindo Pharma and Torrent Pharmaceuticals on Thursday said they have received a licence to manufacture a generic version of Pfizer's oral antiviral COVID-19 medication PAXLOVID and sell it in 95 countries, including India. The companies have received the nod after inking a sub-licensing pact with [...]
New Delhi, Mar 17 (PTI) Biolexis, a division of Stelis Biopharma, and Akston Biosciences have inked a licensing, manufacturing and commercialisation agreement regarding a COVID-19 vaccine. In a joint statement, the two companies said they will collaborate for the production and sales of Akston’s AKS-452, a protein subunit COVID-19 vaccine. Under the agreement, Biolexis gained [...]
RIL subsidiary Reliance New Energy Solar, Ola Electric, Hyundai Global Motors Company and Rajesh Exports have been approved for receiving incentives under the Rs 18,100 crore Production Linked Incentive (PLI) scheme for battery manufacturing in India, sources said on Thursday. "The ministry had received bids from 10 companies with a capacity of 130 GWh. Reliance, [...]
New Delhi, Mar 17 (PTI) The implementation of the goods and services tax and subsequent changes in the indirect taxation regime have benefitted traders and manufacturers by significantly reducing the inter-state transaction costs and the incidence of multiple indirect taxation, PHDCCI President Pradeep Multani said on Friday. "There has been substantial shifting of goods from [...]
New Delhi, Mar 17 (PTI) Corrtech International, a pipeline laying solutions provider, has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The public issue comprises fresh issuance of equity shares worth Rs 350 crore and an offer for sale of 40 lakh shares by promoters, draft [...]
New Delhi, Mar 17 (PTI) Markets regulator Sebi has imposed penalties totalling Rs 25 lakh on five entities for indulging in non-genuine trades in illiquid stock options at the BSE. In five separate orders, the regulator levied a fine of Rs 5 lakh each on Aruna Devi, Sanjay KR Agarwal and Oth HUF, Sanjay Kumar [...]
Beijing, Mar 17 (PTI) China on Thursday defended its judge at the International Court of Justice (ICJ) in Hague who dissented against the majority order of asking Russia to immediately suspend its military operations in Ukraine, saying that four other judges also expressed “separate opinions”. The ICJ ruled on Wednesday that Russia "shall immediately suspend [...]
New Delhi, Mar 17 (PTI) Korean electronics major Samsung re-entered the personal computing segment in India with flagship PC line-up of Galaxy Book series eyeing to capture double-digit market share in this year. The company will start pre-booking six models of Galaxy Book notebooks from March 18. The notebooks will be available in the market [...]
New Delhi, Mar 17 (PTI) Private sector RBL Bank on Thursday said the Reserve Bank has granted an extension of three months to its interim MD and CEO Rajeev Ahuja. "We wish to further inform that on request of the Bank, RBI vide its letter dated March 17, 2022, has approved the extension of term [...]
New Delhi, Mar 17 (PTI) Securities and Exchange Board of India (Sebi) Chairperson Madhabi Puri Buch on Thursday called on Finance Minister Nirmala Sitharaman. Buch is the first woman chief of Sebi. "Smt Madhabi Puri Buch, chairperson - Securities and Exchange Board of India (Sebi), calls on Smt @nsitharaman," Sitharaman's office said in a tweet. [...]
New Delhi, Mar 17 (PTI) IT major TCS has bagged a multi-year contract from Western Power, an Australian government entity, for digital transformation of its software system for delivery of cleaner and resilient energy supply to western Australia, the company said on Thursday. It did not provide any financial details about the deal.Under the multi-year [...]
New Delhi, Mar 17 (PTI) Indiabulls Housing Finance on Thursday said it has allotted over 30 lakh shares at Rs 234.05 apiece to the holders of foreign currency convertible bonds (FCCBs) worth USD 10 million. Pursuant to the receipt of notice for conversion of FCCBs, for a principle value of USD 10 million, the company [...]
New Delhi, Mar 17 (PTI) India's collection from tax on personal and corporate income jumped over 48 per cent in the current fiscal after a 41 per cent surge in advance tax payments, mirroring sustained economic recovery in a year that witnessed two waves of coronavirus infections. Net collections of direct taxes until March 16, [...]
Mumbai, Mar 17 (PTI) The rupee spurted by 37 paise to close at 75.84 against the US dollar on Thursday, supported by positive domestic equities and broad dollar weakness after the US Federal Reserve hiked rates. At the interbank forex market, the local unit opened at 75.96 against the greenback and witnessed an intra-day high [...]
New Delhi, Mar 17 (PTI) Hospitality firm EIH Ltd, part of the Oberoi group, on Thursday said its broad has approved the sale of its entire stake in wholly-owned arm EIH Flight Services Ltd, Mauritius, for Rs 55.2 crore to France-based catering service provider Newrest Group International. The share purchase agreement will be executed in [...]
New Delhi, Mar 17 (PTI) IT company IBM has expanded the footprint of its Client Innovation Centers to 10 cities in India with the opening of new centres in Kochi and Coimbatore. IBM already has Client Innovation Centers (CICs) located in Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai, National Capital Region, Pune and Mysuru. "India is at [...]
