Mumbai, Mar 11 (PTI) The nation's largest container port JNPT on Friday said it will invest around Rs 4,300 crore under the PM Gati Shakti project to develop the second phase of the fourth terminal and an SEZ. Addressing the media here, port trust chairman Sanjay Sethi said these projects will go a long way [...]
New Delhi, Mar 11 (PTI) The government on Friday appointed former financial services secretary Debasish Panda as chairman of the Insurance Regulatory and Development Authority of India (IRDAI). The Appointments Committee of the Cabinet has approved Panda's appointment as chairperson of the insurance regulator initially for a period of three years from the assumption of [...]
New Delhi, Mar 11 (PTI) Power Finance Corporation on Friday said it has paid Rs 886.97 crore as an interim dividend to the government for the financial year 2021-22.This is in addition to Rs 333 crore and Rs 370 crore paid as first and second interim dividend, respectively, earlier, Power Finance Corporation (PFC) said in [...]
Jammu, Mar 11 (PTI) The Jammu and Kashmir government has set up a honey processing unit in the winter capital of the Union Territory and registered 340 beekeepers of the Jammu division for the facility.KK Sharma, Director, Agriculture Production & Farmers Welfare, Jammu, inaugurated a 100 kilograms capacity unit established under the apiculture development scheme at [...]
New Delhi, Mar 11 (PTI) Edtech firm Unacademy expects to go public in the next couple of years and is looking to make its core business of test preparation profitable in the next 12 months, a top company official said on Friday. Unacademy Group co-founder and CEO Gaurav Munjal also said the company is looking [...]
New Delhi, Mar 11 (PTI) The Indian Renewable Energy Development Agency Ltd (IREDA) on Friday signed a pact with the Central Institute of Petrochemicals Engineering & Technology (CIPET) to provide techno-financial expertise for solarisation of its campuses. IREDA and CIPET function under the Ministry of New and Renewable Energy (MNRE) and the Ministry of Chemicals [...]
New Delhi, Mar 11 (PTI) Torrent Power on Friday said it has completed the acquisition of wind energy firm Surya Vidyut Limited from CESC Limited.Surya Vidyut was a wholly-owned subsidiary of CESC Limited with a total capacity of 156 megawatts (MW)."Pursuant to share purchase agreement between Torrent Power Limited and CESC Limited, Haldia Energy Limited [...]
New Delhi, Mar 11 (PTI) Finance Minister Nirmala Sitharaman on Friday invited Canadian pension funds to invest in the National Monetization Pipeline and National Infrastructure Pipeline. The finance minister exchanged views on cooperation for promoting bilateral investment and trade during a meeting with Mary Ng, Canadian Minister of International Trade, Export, Small Business & Economic [...]
New Delhi, Mar 11 (PTI) Offices of the income tax department across the country will remain open on all Saturdays this month after Union Finance Minister Nirmala Sitharaman directed them to do so in order to resolve taxpayers' issues and grievances, a senior official said on Friday. Sitharaman early this week rapped the policy-making boards [...]
New Delhi, Mar 11 (PTI) State-owned Indian Bank on Friday said it has declared NPA account Topsgrup Services as fraud for diversion of funds worth Rs 34.08 crore. The non-performing asset (NPA) Topsgrup Services and Solutions Ltd has been declared as fraud and reported to the RBI as per regulatory requirement, Indian Bank said in [...]
New Delhi, Mar 11 (PTI) The government has earmarked Rs 500 crore for a scheme to provide support to the existing pharma clusters and MSMEs across the country to improve their productivity and sustainability, an official release said on Friday.The Department of Pharmaceuticals, Ministry of Chemicals and Fertilizers, released the guidelines for the scheme -- [...]
Mumbai, Mar 11 (PTI) Amid a massive spike in crude oil prices following Russia's invasion of Ukraine, Reserve Bank Deputy Governor Michael Patra on Friday said the government can slash duties on crude and thus prevent the pass-through effect on inflation and sustain the economic recovery as "our growth story remains as weak as it [...]
New Delhi, Mar 11 (PTI) The government in 2021 eased 79 "burdensome" compliances of the power sector under the EoDB-RCB programme, which were affecting individual consumers and industry, an official statement said Friday.Ease of Doing Business-Reducing Compliance Burden (EoDB-RCB) is a programme of the government to reduce the regulatory compliance burden on citizens and businesses.It [...]
New Delhi, Mar 11 (PTI) The CBI on Friday opposed before a Delhi Court the bail application by Anand Subramanian in National Stock Exchange (NSE) co-location scam case, saying that the former group operating officer (GOO) influenced the decision making of former managing director and chief executive officer Chitra Ramakrishna.CBI counsel said that Subramanian, who [...]
New Delhi, Mar 11 (PTI) Consumers can now get the purity of their un-hallmarked gold jewellery tested at assaying facilities recognised by the Bureau of Indian Standard (BIS)."The charges for testing of gold jewellery upto 4 articles is Rs 200. For 5 or more articles, the charges are Rs 45 per article," an official statement [...]
ICICI Bank on Friday said it has raised Rs 8,000 crore by issuing debt securities on a private placement basis. The board of directors of the bank on April 24, 2021, had approved fund raising through issuance of debt securities. Pursuant to this, the bank has allotted 80,000 senior unsecured redeemable long-term bonds in the [...]
New Delhi, Mar 11 (PTI) India's digital economy is expected to witness exponential growth to USD 800 billion by 2030 on the back of rising internet penetration and increasing income, Finance Minister Nirmala Sitharaman said on Friday. Addressing the IIT Bombay Alumni Association virtually, she said India has over 6,300 fintechs, of which 28 per [...]
New Delhi, Mar 11 (PTI) Apple premium reseller Unicorn Infosolutions is planning to set up 75 stores in the next three years, a senior company official said on Friday.Unicorn Infosolutions director Baljinder Paul Singh said the company is planning to open stores in the north and west India, and if iPhone maker Apple recommends then [...]
Kochi, Mar 11 (PTI) The industry in Kerala on Friday welcomed the first complete budget of the second term of the Pinarayi Vijayan-headed government for the fiscal 2022-23 and said the financial allocation focussed on key engines of growth for an integrated development of the state. The Cochin Chamber of Commerce and Industry said it [...]
New Delhi, Mar 11 (PTI) India and Canada on Friday agreed to formally re-launch the negotiations for a proposed free trade agreement, which aims at boosting economic ties between the two countries.This issue was discussed during the fifth Ministerial Dialogue on Trade and Investment (MDTI). Commerce and Industry Minister Piyush Goyal and Canadian Minister of [...]
