Ashok Leyland considering new EV manufacturing plant: Report
Feb 21, 2022, at 06:17 am
Ashok Leyland, a flagship company of Hinduja Group, is planning a new EV manufacturing unit in India to expand its portfolio in the segment amid a potential rise in demand for electronic vehicles in domestic and international markets, PTI reported.
MHA to do thorough background check of newly appointed Turkish national Air India CEO Ilker Ayci
Feb 21, 2022, at 03:27 am
The Ministry of Home Affairs (MHA) will carry out a thorough background check of newly appointed Air India CEO and MD, Ilker Ayci, a national of Turkey, a country with which India’s relations have soured over its overt support to Kashmir separatists, media reports said citing sources.
Hinduja Global Solutions wins contract from UK health security agency to provide critical services
Feb 21, 2022, at 12:38 am
Bangalore/ London: Hinduja Global Solutions (HGS) (listed on BSE & NSE) today announced that its subsidiary HGS UK Limited has been selected by the UK Health Security Agency (UKHSA) to provide critical customer support to UK citizens for an initial period of two years, with an option to extend further.
FedFina to raise Rs 900 cr via IPO
Feb 21, 2022, at 12:12 am
Mumbai/UNI: Private sector lender Federal Bank on Sunday said its subsidiary Fedbank Financial Services (FedFina) has filed draft papers with market regulator SEBI to raise Rs 900 crore through initial public offer.
Creation of employment will be driven by startups during next 25 yrs : Rajeev Chandrasekhar
Feb 20, 2022, at 10:50 pm
New Delhi/UNI: Union Minister of State for Electronics and Information Technology, Skill Development and Entrepreneurship Rajeev Chandrasekhar on Saturday said that during the next 25 years, the Indian economy's growth and expansion, as well as the creation of employment and investments, will largely be driven by the country's startup and entrepreneurial ecosystem.
India looking at professional & educational tie-ups in UAE: Goyal
Feb 20, 2022, at 09:44 pm
Mumbai/UNI: Union Minister for Commerce and Industry Piyush Goyal on Saturday said that India is looking at entering into partnership agreements with professional bodies and educational institutions in the UAE, which is facing a shortage of skilled manpower.
Debt-ridden Future Retail pays $14 million as interest on USD notes
Feb 20, 2022, at 06:45 am
Mumbai/IBNS: Future Retail has paid $14 million (around Rs 104.55 crore) in interest due on the dollar-denominated notes (USD Notes) listed on the Singapore Stock Exchange.
India-UAE CEPA has provided base to fast track negotiations with GCC: Goyal
Feb 20, 2022, at 04:37 am
Mumbai/UNI: Union commerce minister Piyush Goyal on Saturday expressed confidence in entering into a partnership agreement with the Gulf Cooperation Council (GCC) countries in 2022 itself saying that the India-UAE CEPA agreement has provided the base to fast track negotiations.
BigBasket acquires Kerala startup Agrima Infotech
Feb 20, 2022, at 01:40 am
Thiruvananthapuram/UNI: India's largest online grocery seller BigBasket has acquired the enterprise business unit of a deep-tech company incubated by Kerala Startup Mission (KSUM) with a view to revolutionizing offline retail in the country.
India-UAE Summit: Cooperation in education, renewable energy, dedicated investment zones announced
Feb 19, 2022, at 08:40 am
New elhi/IBNS: India and UAE Friday issued a statement establishing a roadmap for a future-oriented collaborations including critical technologies such as e-businesses and e-payment solutions and green hydrogen among a slew of cooperation agreements in the India-UAE joint summit.
Ex-NSE chief Chitra Ramakrishna interrogated over sharing information with Himalayan guru
Feb 19, 2022, at 08:00 am
New Delhi/IBNS: Former National Stock Exchange (NSE) head Chitra Ramkrishna was questioned for 12 hours by the Central Bureau of Investigation (CBI) in connection with the infamous 'tick by tick' market manipulation case.
India to get $115 million World Bank loan for REWARD project
Feb 19, 2022, at 06:28 am
World Bank will grant a $115 million (Rs 869 crore) loan to India for Programme (Rejuvenating Watersheds for Agricultural Resilience through Innovative Development Programme), Ministry of Finance said Friday.
Gems & Jewellery sector expected to achieve export target of $40 billion this year: Piyush Goyal
Feb 19, 2022, at 05:58 am
New Delhi/IBNS: Gems & Jewellery sector is expected to achieve export target of $40 billion this year with exports expected to grow 6.5 percent over the pre-Covid levels, Commerce and Industry Minister Piyush Goyal said Friday.
India and UAE sign free trade agreement
Feb 19, 2022, at 04:08 am
New Delhi/IBNS: India on Friday signed a Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates (UAE) that will cut down the import duties on the majority of Indian exports to the Middle Eastern country.
IndiGo director Rakesh Gangwal resigns
Feb 19, 2022, at 01:34 am
New Delhi/IBNS: InterGlobe Aviation-owned airline IndiGo, on February 18 said co-founder Rakesh Gangwal has tendered his resignation as a director with immediate effect, media reports said.
IndiGo takes delivery of its first ever SAF aircraft
Feb 18, 2022, at 11:19 pm
New Delhi/UNI: Budget airline carrier IndiGo on Friday announced that it has taken delivery of its first aircraft operating on Sustainable Aviation Fuel (SAF) from Airbus. This is the first international flight operated by any Indian carrier using SAF.
SpiceJet adds Khajuraho to its domestic network
Feb 18, 2022, at 10:55 pm
Gurugram/UNI: SpiceJet on Friday announced on Friday the addition of Khajuraho – a UNESCO World Heritage Site – to its network as its 15th UDAN destination.
India's GDP to grow by 8.8 pc in FY 22: SBI report
Feb 18, 2022, at 10:19 pm
Kolkata/UNI: The country's gross domestic product (GDP) for the full year (FY22) would grow by 8.8 percent, 0.5 percentage point down than the earlier estimate, a State Bank of India research report said on Friday.
Delhi HC sets up arbitration tribunal to settle Hero trademark dispute
Feb 18, 2022, at 09:29 pm
New Delhi: The Delhi High Court has set up arbitration tribunal of three retired judge to settle a trademark dispute between Hero Electric and Hero Moto Corp Hero.
OSM signs MoU with Israel's EVR Motors to manufacture electric motor in India
Feb 18, 2022, at 07:22 am
New Delhi: Omega Seiki Mobility (OSM) and EVR Motors, an Israeli start-up designing a new and patented motor topology, Thursday announced a strategic partnership to manufacture electric motors in India.
Nestle India Q4 net profit down by 20 pc YoY to Rs Rs 387 cr
Feb 18, 2022, at 05:26 am
Nestlé India Ltd on Thursday reported a net profit of Rs 386.6 crore for the quarter ended December 2021, down 20 percent from Rs 483 crore recorded in the same quarter the year before.
Honda H’ness CB350 & CB350RS now available at CSD Stores
Feb 18, 2022, at 01:38 am
New Delhi/IBNS: Honda H’ness CB350 & CB350RS will be available at Canteen Store Departments (CSD) across the country, Honda Motorcycle & Scooter India said today.
Uniform manufacturers witness high demand as schools reopen after drop in Covid cases: Report
Feb 17, 2022, at 10:08 pm
Mumbai/IBNS: As schools across the country get back to life with students coming back for physical classes, uniform manufacturers are witnessing a significant uptick in demand for school uniforms, reports the latest JD Mart Consumer Insights.
ED files money laundering case against ABG Shipyard Ltd
Feb 17, 2022, at 07:06 am
The Enforcement Directorate (ED) has registered a criminal case of money laundering against ABG Shipyard Ltd, its former promoters along with others for cheating a consortium of banks of over Rs 22,842 crore, media reports said.
Jio Platforms to invest $200 million in Google-backed consumer internet company Glance
Feb 17, 2022, at 05:34 am
Jio Platforms (JPL), the digital unit of Reliance Industries (RIL), has agreed to invest $200 million (about Rs 1,500 crore) for a roughly 17 percent stake in Glance, a Google-backed consumer internet company, which allows users to consume personalized content even with a locked smartphone screen.
Ratan Tata honoured with Assam's highest civilian award 'Assam Baibhav'
Feb 17, 2022, at 05:12 am
Guwahati/IBNS: Assam Chief Minister Dr Himanta Biswa Sarma on Wednesday conferred the "Assam Baibhav", the state's highest civilian award, on legendary businessman and philanthropist Ratan Naval Tata at a function held in Taj Wellington Mews in Mumbai.
Singapore Airlines firms up order for seven Airbus A350F freight aircraft
Feb 17, 2022, at 03:04 am
Singapore Airlines (SIA) has firmed up an order for seven Airbus A350F freighters, with options for five more aircraft, the company said in a statement.
JSL and ISM Dhanbad ink MoU for joint R&D projects
Feb 17, 2022, at 02:28 am
Jajpur: Jindal Stainless Limited (JSL) and Indian Institute of Technology (ISM) Dhanbad today signed an MoU to jointly carry out research and development on various projects.
PNB MetLife launches Guaranteed Goal Plan
Feb 17, 2022, at 02:05 am
New Delhi: With an aim to assist customers using need-based products & solutions, PNB MetLife has launched their PNB MetLife Guaranteed Goal Plan, a savings-oriented life insurance plan that offers guaranteed returns and allows for customization to customers’ savings schedules.
Fisdom partners with Bank of Maharashtra to offer Wealth Management services
Feb 17, 2022, at 02:01 am
New Delhi: Fisdom, India’s leading wealth-tech company has joined hands with Bank of Maharashtra (BoM), to offer a comprehensive suite of wealth management products and services to over 29 million customers of the bank.