Larsen & Toubro, India’s largest construction company, and BHEL, India’s largest supplier of power plant equipment, are among those tapped by the Nuclear Power Corporation for the rollout of the first large-scale nuclear power plants developed using Indian technology. While L&T said it received a Rs 442 cr order to supply forgings for steam generators […]
The government of India today said was engaged in “discussions” to come up with a policy on domestic workers to them from exploitation and abuse. India currently has various laws to protect workers, but these tend to cover only those employed in the organized sectors such as those in industries, agriculture, shops and offices. The […]
Reliance Infrastructure, the construction and infrastructure arm of the Anil Ambani Group, said it got permission from the ministry of coal to increase its coal mining by about 6%. Sasan Power Project “has received permission from the ministry of coal, government of India.. to increase coal mining from 17 mln tonne per annum to 18 […]
Thomas Cook, India’s largest travel services company, said it was chosen as the hospitality partner for government of India’s national school games that was held as part of the ‘Khelo India’ (Play India) program last week. Without disclosing the financial details of the contract, Thomas Cook said it provided accommodation and meals for 5,000 students […]
Auto components maker Bharat Forge Ltd said it was buying a 45% stake in Tork Motorcycles at a cost of up to Rs 30 cr, taking yet another step towards adapting to the upcoming shift from internal combustion engines to electric vehicles. Tork has designed, developed and built a complete electric motorcycle, the company said. […]
World Is One News, the only India-based television news channel with correspondents across the world, said it has signed up its first distributor in the Middle East in the form of Etisalat for the cable markets of UAE and Qatar. Besides Etisalat, it said the channel is also being launched on Du and Ooredoo networks. […]
Jain Irrigation Systems, the country’s largest provider of drip irrigation and related equipment, said the budget for 2018-19 is likely to boost farmer incomes and benefit agricultural industries. It listed nine specific provisions in the budget that will have a benign effect on farmer incomes and spending, with the extension of minimum support price regime […]
India’s largest carmaker Maruti Suzuki India said it sold a total of 1.51 lakh vehicles in January 2018, up 4.8% over the same period of last fiscal. The overall growth rate, and that seen in individual segments, is below the average for the year so far. It had been reporting growth of around 14% so […]
Two- and three-wheeler maker TVS Motor Company reported strong top line growth for the Oct-Dec quarter riding on robust sales of its two-wheelers, but net profit growth failed to keep up due to higher taxes. The company’s third quarter revenue increased 23.5% on year to Rs 3684.95 crores, while net profit rose 16.3% to Rs […]
Reliance Infrastructure, the construction arm of the Anil Ambani Group, said it received a Rs 882 cr order for six-laning a 70 km stretch on National Highway 2 in Bihar. “The scope of work includes design, engineering, procurement and construction of six-lane highway and associated bridges with paved shoulders,” said the company, which received a […]
Battery and electrical goods maker Eveready Industries India said it will float a joint venture the Wings Group of Indonesia to enter the market of fast moving consumer goods (FMCG) in India. Eveready will acquire 30% shares in the new company, with the remaining held by Universal Wellbeing Pte. Ltd, part of the Wings Group. […]
The Supreme Court has dismissed the review petitions asking the Supreme Court to reconsider its earlier ruling lifting the ban on the film Padmaavat. “Governments and the people must understand that there is a Censor Board certificate and then a Court order,” said a three-judge bench today. “Better abide by it.” It also criticized state […]
Reliance Capital, the financial services arm of the Anil Ambani Group, said its insurance unit, Reliance Nippon Life Insurance, signed up state-owned Bank of Maharashtra as a corporate agency to distribute its products. The Anil Ambani Group company said partnership further will increase distribution fee revneue for the bank. “Bank of Maharashtra with its extensive […]
The Supreme Court of India has issued notice to the center in a petition questioning the imposition of a prayer to be sung by all students of Central School network or Kendriva Vidyalayas. The petition was filed by Veenayak Shah of Madhya Pradesh. Shah pointed out that the Indian constitution prohibited any school or institution […]
Bitcoin users and investors in India could be in for tough times ahead as a high-level, interdepartmental committee set up by the government of India has urged it to crack down on such virtual currencies. The contents of the committee’s report, submitted in August, have not been officially announced yet, but highly placed sources reveal […]
As part of its efforts to set up a city-wide network of electric vehicle charging stations, Tata Power announced that it has set up two more electric vehicle charging stations in Mumbai, its first on third-party compounds. The two charging stations have been set up at two of the most popular malls in the city […]
The apparent success of Hardik Patel-led campaign for reservations seems to be emboldening other groups to start similar campaigns. Shri Rajput Karni Sena, which was in the news for threatening have artists associated with the film Padmavati beheaded, has now warned the BJP government in Rajasthan that it will unleash a nationwide campaign to seek […]
Mumbai Police have denied permission to the Chhatra Bharati, a students’ organization in the city, to hold an event today featuring Gujarat MLA Jignesh Mevani and JNU student Omar Khalid. Police have started rounding up the organizers into vans and taken possession of the hall. Organizers said they will hold the event at an alternate […]
The government of India today said that it has stopped taking new applications for setting up Electronic Manufacturing Clusters under a plan announced five years ago. A total of 18 electronic manufacturing clusters in 12 states were approved to be set up under the scheme, the government said. The cluster scheme envisaged the housing of […]
The number of frauds related to Internet banking and credit and debit cards in India has increased four fold in the last one year, according to data reported by the banks to the Reserve Bank of India. Banks have already reported 10,220 incidents under the RBI’s Fraud Monitoring System involving an amount of Rs 111.86 […]
