Mumbai, Mar 11 (PTI) Japanese investor SoftBank Investment Advisers is in talks with Tatas and Mahindras for a stake buy in one of their subsidiaries, a top official said on Friday. The talks have been on for the last six months and both the conglomerates represent an interesting opportunity to invest, courtesy strong brand presence [...]
Mumbai, Mar 11 (PTI) Bookings in the travel industry are picking up pace, and 2022 will be another recovery year for the sector, Booking Holdings President and CEO Glenn Fogel said on Friday."It's been a difficult time for the travel industry for the last two years...But the interesting thing is that people always want to [...]
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) impersonated as a “Himalayan Yogi” and influenced the decision making of former managing director and chief executive officer Chitra [...]
Mumbai, Mar 11 (PTI) Comprehensive Economic Partnership Agreement (CEPA) between India and the United Arab Emirates will enhance the exports between the countries and help create jobs and new businesses, UAE Minister of State for Foreign Trade Thani bin Ahmed Al Zeyoudi said on Friday."The signing of CEPA between India and UAE is going to [...]
Mumbai, Mar 11 (PTI) The RBI on Friday asked Vijay Shekhar Sharma- promoted Paytm Payments Bank to stop opening new accounts amid "material supervisory concerns" observed in the bank. This is the third time that Paytm Payments Bank is facing action from the banking regulator since its inception in May 2017. It has been prohibited [...]
New Delhi, Mar 11 (PTI) Telecom operator Bharti Airtel has selected three startups - Nuronics Labs, Enthu.Ai and Chimes Radio - for its accelerator programme, the company said on Friday.The startups were declared winners of the 'Airtel India Startup Innovation Challenge', organised in partnership with Invest India."The three winners of the competition will get access [...]
Mumbai, Mar 11 (PTI) The country's merchandise exports are likely to be at USD 111.3 billion in the fourth quarter of the current fiscal, according to a forecast by India Exim Bank.Non-oil exports are expected to be at USD 95.2 billion in Q4 FY22, with total merchandise outbound shipment exceeding USD 414 billion for FY [...]
New Delhi, Mar 11 (PTI) Implementation of QR-code based Geographical Indication (GI) tag for Kashmiri hand-knotted carpets will discourage their counterfeit production and enable buyers to identify authenticity of carpets produced in the union territory, an official said on Friday. The QR-code based mechanism has recently been introduced for the purpose of testing and certification [...]
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 [...]
