Beijing, Mar 8 (PTI) Terming the war in Ukraine as “worrisome”, Chinese President Xi Jinping in his virtual summit with his French counterpart and German Chancellor on Tuesday criticised the US and EU sanctions against Russia, saying such measures would create a global crisis which is in the “interest of no one”.The US, EU and [...]
New Delhi, Mar 8 (PTI) Embattled DTH player Dish TV on Tuesday disclosed that its shareholders have rejected all three proposals, including the adoption of financial statements and reappointment of Ashok Mathai Kurien as director, at its AGM held on December 30, 2021.The Essel group firm is currently locked in a legal battle with its [...]
New Delhi, Mar 8 (PTI) Zydus Lifesciences on Tuesday said its subsidiary has inked a pact to acquire a brand from the US-based BridgeBio Pharma. Sentynl Therapeutics, Inc -- a US-based wholly owned subsidiary of Zydus Lifesciences -- and BridgeBio Pharma, Inc have executed an asset purchase agreement for the sale of Nulibry (Fosdenopterin) for [...]
New Delhi, Mar 8 (PTI) Adani Ports and Special Economic Zone Ltd (APSEZ) on Tuesday said it has incorporated a wholly-owned subsidiary 'HDC Bulk Terminal Limited'. "The Company has incorporated a wholly owned subsidiary company 'HDC Bulk Terminal Limited (HDCBTL)' on March 7, 2022," APSEZ said [...]
New Delhi, Mar 8 (PTI) For most women, cash is still the king when it comes to making payments at retail outlets, even as those in age group of 21-30 years are the most adept digitally, according to a survey. Cash continues to dominate the payment space among women as more than 60 per cent [...]
Raipur, Mar 8 (PTI) Chhattisgarh's gross state domestic product (GSDP) at constant prices is estimated to grow by 11.54 per cent and the per capita income is expected to reach Rs 1,18,401 in the financial year 2021-22, the state's economic survey report revealed on Tuesday. The state's Economic Survey Report for the year 2021-22 was [...]
Mumbai, Mar 8 (PTI) There has been a significant recovery in the property market as the established realtors reported sale of Rs 34,000 crore in the first nine months of FY22, equalling the amount achieved in the entire FY21, a report said on Tuesday.The established residential realtors' topline is expected to rise by 35 per [...]
Mumbai, Mar 8 (PTI) As it winds down its retail bank in the country, American lender Citi on Tuesday said it will be hiring 80 bankers in India over the next three years for its commercial banking vertical. The move is part of a plan to hire 350 bankers in Citi Commercial Bank Asia Pacific [...]
Guwahati, Mar 8 (PTI) Assam Chief Minister Himanta Biswa Sarma on Tuesday met a delegation of Asian Development Bank, led by its Country Director Takeo Konishi and discussed matters related to the completion of ADB projects in the state.Discussion were also held on ways to make Assam the gateway to ASEAN and the northeast as [...]
New Delhi, Mar 8 (PTI) Adani Ports and Special Economic Zone (APSEZ) on Tuesday said it has signed an agreement with Indian Oil towards augmentation of the latter's crude oil volumes at Mundra. APSEZ in a statement said Indian Oil Corp Ltd (IOCL) shall expand its existing crude oil tank farm at APSEZ's Mundra Port, thus [...]
Foreign Portfolio Investors (FPIs) have pulled out ₹14,721 crores from the Indian equities in the last two days, in just the last three trading sessions, as per depositories data. The Russia-Ukraine conflict and rising crude oil prices dented investors’ sentiments and the markets have shown a downward trend since. However, for many, it is a [...]
Mumbai, Mar 8 (PTI) Sliding for the fifth consecutive day, the rupee depreciated by 7 paise to close at a lifetime low of 77 against the US dollar on Tuesday, weighed by surging crude oil prices amid the Russia-Ukraine war. Heavy foreign fund outflows and prevailing risk aversion globally added to the woes, forex traders [...]
Itanagar, Mar 8 (PTI) The greenfield airport at Hollongi, near here, is likely to be made operational on August 15 this year, with the Arunachal Pradesh government asking the executing agencies to finish the project at the earliest.Developed by the Airports Authority of India (AAI) with an estimated cost of Rs 645 crore, it is [...]
New Delhi, Mar 8 (PTI) IT major TCS is planning to revamp the organisation structure to align with customers more closely, as it aims to achieve USD 50 billion (about Rs 3.89 lakh crore) revenue by 2030, a source aware of the development said on Tuesday.The company had garnered USD 25 billion in revenue in [...]
Chandigarh, Mar 8 (PTI) The Haryana government on Tuesday presented a Rs 1.77 lakh crore Budget for 2022-23 with a focus on economic growth, ease of living for citizens and initiatives for women, while proposing no fresh taxes. Presenting the Budget in the state assembly, Haryana Chief Minister Manohar Lal Khattar said it lays emphasis [...]
New Delhi, Mar 8 (PTI) Google Cloud and Flipkart have entered into a multi-year strategic alliance to help fast-track the e-commerce company's innovation and cloud strategy.The partnership will drive Flipkart into its next phase of growth and advance its vision of onboarding India’s next 200 million shoppers and lakhs of sellers, according to a statement."Flipkart [...]
Puri, Mar 8 (PTI) A seven-member technical team of the Airports Authority of India (AAI) Tuesday undertook an on-the spot verification of Sipasarubali area in the outskirt of the pilgrim town, for the proposed international airport in Puri.The technical team’s visit came after Union Civil Aviation Minister Jyotiraditya Scindia during his visit to Jharsuguda said [...]
New Delhi, Mar 8 (PTI) Embattled DTH player Dish TV on Tuesday disclosed that its shareholders have rejected all three proposals, including the adoption of financial statements and reappointment of Ashok Mathai Kurien as director, at its AGM held on December 30, 2021.The company -- which did not declare the outcome of voting at its [...]
Mumbai, Mar 8 (PTI) Rating agency Icra has warned of serious downside risks to the economy next fiscal with runaway current account deficit, steep fall in the rupee and a hardening yields on government bonds, as a result of the Russian-Ukraine crisis and the resultant spike in crude and other commodity prices.International crude oil prices [...]
New Delhi, Mar 8 (PTI) Technology firm Continental on Tuesday said it has formed a joint venture with Japanese firm Nisshinbo Holdings to locally produce a component meant for electronic brake systems (EBS) in India. The new JV will localise machining for valve block meant for the EBS portfolio which includes electronic stability control (ESC) [...]
