Engineering outsourcing company L&T Technology Services said it has agreed to acquire 100% of Bangalore-based semiconductor services firm Graphene for an undisclosed amount. The all-cash transaction is expected to be complete by October, it said. Graphene Semiconductor Services Private Limited is one of the fastest growing companies in the Semiconductor Services domain with a presence […]
The coal ministry said that there has been a 14% decline in the import of thermal coal by power plants in India in April-June, contrary to reports that the country’s import of thermal coal — used to drive steam turbines — increased during the three months. Media reports quoting American Fuels & Natural Resources, a […]
SpiceJet, one of India’s largest airlines, said it has started 18 new temporary flights to help deal with the cancellations of flights to and from Kerala due to the ongoing flights. Some of these flights were operational only today, while some will be there for three days, while others will be there daily for the […]
Credit rating agency India Ratings and Research has awarded its top AAA rating to Motherson Sumi Systems, the auto components manufacturer said. Ind-Ra, a unit of global rating agency Fitch, took into consideration the company’s strong trackrecord and diversified client-based to issue the rating. “MSSL’s diversified customer base and product profile, strong track record of […]
PVR Cinemas said it has opened its 137th multiplex at Phoenix United Mall in Bareilly, Uttar Pradesh. With this, said India’s largest cinema exhibitor, it now has 13 multiplexes in Uttar Pradesh. The company has also increased the total multiplexes in North India to 49. The latest property will have four screens, taking the total screens […]
Construction on Central Research Institute of Yoga and Naturopathy near Bhubaneswar in Orissa has been stuck for several years due to opposition from villagers surrounding the project, the AYUSH ministry said today. The institute, which would carry out research in Yoga and naturopathy as well as have a 100-bed attached hospital, was announced in eight years […]
The central government has denied that it has promised to set up an AIIMS (All India Institute of Medical Sciences) in Kerala, the country’s most lucrative medical market. Asked whether the Government in 2015 had promised to set up an All India Institute of Medical Sciences (AIIMS) in the State of Kerala, union minister for […]
Both the price and demand for spot power increased in India in July this year compared to the same month of 2017, but were down from June due to the arrival of monsoon, India’s largest power exchange said. The average price of power sold via Indian Energy Exchange in July was at Rs 3.46 per […]
Eros International Media, one of India’s leading content producers, said it has formed a joint venture company with V Vijayendra Prasad, the writer of popular movies like Baahubali, Magadheera and Bajrangi Bhaijaan. Eros International said Prasad has already penned down 10 stories that will be converted into films by the new company. “To bring these […]
Maruti Suzuki, India’s largest carmaker, said it will recall 1,279 units of new Swift and new Dzire cars to check for a defect in the airbag system. These vehicles were manufactured between 7th May 2018 and 5th July 2018, the company added. The suspected defect is in the Airbag Controller Unit. The company said the recall is […]
The central government has consulted the Union Public Service Commission on the plan to recruit private citizens into the higher judiciary. The UPSC is tasked with recruiting officer-level employees of the Union. The center seems to be trying to clarify whether there is a legal requirement to involve the UPSC the latest move. “Advice of […]
The annual rate of inflation, based on monthly WPI, stood at 5.77% (provisional) for the month of June, 2018 (over June, 2017) as compared to 4.43% (provisional) for the previous month and 0.90% during the corresponding month of the previous year. This is one of the highest rates of inflation in recent months, and could […]
GAIL, the government-owned pipeline company, said it will spend Rs 755 cr to put in place a gas pipeline grid in Varanasi, Narendra Modi’s Lok Sabha constituency. The grid, which has been inaugurated, will cover an area of 1,535 sq km, it added. About 1 lakh households are likely to be covered in the project. […]
Vehicle sales in India are on a strong growth curve in the new financial year, according to numbers released by the Society of Indian Automobile Manufacturers or SIAM — the apex body of automakers in India. A total of 53.79 lakh vehicles were produced in the two months, 15.16% higher than the 46.71 lakh vehicles […]
Maruti Suzuki said it has sold 3 lakh units of Vitara Brezza, the most popular SUV to have hit the Indian market ever. Given that the model was launched in March 2016, this works out to average sales of 10,700 units per month. The number of cars that sell above 10,000 units in India can […]
Congress party leader Ambika Soni said a meeting of 100 prominent political leaders from Jammu & Kashmir has been called tomorrow to decide on the party’s future course of action. “We have called 100 prominent people (of the party) from all five regions of the state, including MLAs, former MLAs, MLCs and others. We will […]
The National Green Tribunal, India’s top most environmental court, has issued notices to the central government, the New Delhi Municipal Corporation and the Delhi Development authority in a case filed by an NGO against the move to cut about 15,000 trees in residential areas. The issuing of notice indicates that the tribunal is seized of […]
The Delhi High Court has stayed the central government’s decision to cut 15,000 trees in Delhi to make space for quarters for bureaucrats. The stay will be in place till the next date of hearing — July 4. The National Green Tribunal will be hearing the case on July 2. Some trees have already been […]
Government of India will construct a new building near India Gate in Delhi to house the commerce department of the central government. The building, to be constructed at the junction of Akbar and Man Singh Roads, will remain true to the style of the other buildings in the area — also known as the Central […]
Career Launcher, which runs a host of test-preparation services, has announced a unique service to help and guide applicants to Delhi University colleges. Upon registering on the firm’s website, “students are redirected to a panel of expert counselors, who will analyze the individual’s profile and the options available, to help in deciding the best combination […]
