Reliance Industries, the parent of Reliance Retail, said it has acquired a 12.5% stake in a fashion company called Future101 Design Pvt Ltd at a cost of Rs 9.5 cr. The Gurgaon-based company designs and manufactures garments such as ladies kurtis and men’s shirts. “Future101, incorporated in July, 2013 is engaged in manufacturing, distribution and […]
Congress politician Shashi Tharoor has avoided going to jail immediately after he won anticipatory bail from a Patiala House court. The bail has been granted with two conditions — he cannot go outside India without taking prior permission from the court, and he should not try to influence witnesses or evidence. The trial of the […]
SpiceJet said it has started selling tickets under its ‘Mega Monsoon Sale’ with ticket prices starting at Rs 999 for travel in India. The five-day sale launched today will be open till midnight of Monday, 8 July 2018. Bookings can be made for travel between 4th July to 8 October. Tickets under the sale can […]
Households owning rooftop solar systems could save up to 95 per cent on their electricity bills, according to an independent study by Council on Energy, Environment and Water (CEEW) and BSES Yamuna Power Limited . Solar system costs have declined by 27 per cent, year-on-year, over the last three years, making rooftop solar a lucrative […]
The Telecom Regulatory Authority of India has started implementing the tariff order issued last year with effect from today. The move follows the refusal of the Madras High Court to strike down the TRAI tariff orders issued early last year. “Having complied with the judicial mandates in the matter, the (tariff orders).. as upheld by […]
Even as citizens blamed Shiv Sena-controlled Brihanmumbai Municipal Corporation or BMC for the collapse of the railway overbridge near Andheri station today, the local Shiv Sena MLA has pointed out that Indian Railways does not allow BMC to carry out repair and maintenance on overbridges. At least five people were injured when a bridge connecting […]
Jindal Steel and Power Limited said steel sales volumes in India rose 46% in Apr-Jun quarter to 1.18 mln tons compared to the year ago. The sales number is at a similar level to the preceding Jan-Mar quarter, when the company had sold 1.18 million tons. In terms of production, there was an increase of […]
The Supreme Court has asked the state of Uttar Pradesh to furnish details of the encounter killings that are taking place in the state. In a public interest litigation filed by the People’s Union for Civil Liberties or PUCL, the court directed counsel Aishwarya Bhati to file details of the encounters taking place. Among the […]
Mahindra & Mahindra, one of the country’s top tractor makers, said it saw a sharp jump of 24% in the number of tractors sold in June this year. Total tractors sold by the company in June in India jumped to 39,277 from 31,660 last year. This was a stronger performance from May, when it had […]
India’s finance minister Piyush Goel has blamed international factors for the current decline in the rupee’s value against the dollar, and said India’s financial situation is much improved from the UPA days. “All our macro economic indicators are strong,” Goyal said. “But on the international scene, there have been announcements on oil and on Iran, […]
A chartered plane carrying four people crashed in Ghatkopar in Mumbai. The crash took place on an under-construction building in Sarvodaya Society, near the telephone exchange in Ghatkopar West. One person who was standing near the site has died. The aircraft was on a test flight and had taken off from Juhu airport. There were […]
Adani Ports and Special Economic Zone Ltd said it has received relevant regulatory approval for the acquisition of Kattupalli port near Chennai from L&T Shipbuilding. The company said it now expects to close the transaction, announced two years ago, in one week. The Port is located 30 kms towards north of Chennai and and can […]
Anil Ambani-led Reliance Infrastructure said it has won approval from the Maharashtra Electricity Regulatory Commission for the sale of its Mumbai power business to Adani Transmission Ltd. It said it now expects to close the Rs 18,800 cr transaction next month. Reliance Infrastructure will utilize the proceeds of the transaction entirely to reduce its debt, […]
Chhatrapati Shivaji International Airport has introduced check in facility from a number of hotels near the airport. The hotels are Sahara Star, Hyatt Regency, Taj Santacruz, ITC Maratha, Hilton Mumbai International Airport & The LaLiT. People who check in at the hotel can drop their check-in luggage using self-bag-drop facility and generate a baggage tag […]
GMR Infrastructure said its unit Kakinada SEZ Ltd has won the contract to create a greenfield, commercial port in East Godavari District of Andhra Pradesh. The Greenfield Port would be located at around 30 Km North from the city of Kakinada and proposed to be developed as an all-weather, deep draft, multi-cargo port, the infrastructure […]
JSW Steel said it will increase the manufacturing capacity of its Vijayanagar Works plant to 13 millions tons per year from 12 MTPA by March 2020 at a cost of Rs 7,500 crore. The plant is claimed as the largest state-of-the-art single location steel manufacturing unit in India. Located 380 kilometres from Karnataka’s capital city, […]
Italian insurer Generali Group said it will increase its stake in Future Generali, its insurance joint venture with Future Group of India, to 49% from 25.5% at present at a cost of 120 mln euros (Rs 960 cr). Future Group is a pioneer in the organized retail market in India and is by far the […]
WhatsApp, the messaging application that is wildly popular in countries such as India, has introduced a client for PCs running Windows or Mac OS. This is the first time the company has gone beyond mobile applications. The messaging service, owned by Facebook, has almost completely replaced text messaging in India, the world’s second largest telecom […]
St Agnes College, one of the top destinations for higher education for women in Mangalore, has invited protests by some Muslims for continuing with its ‘no hijab’ policy inside classrooms. The college, run by Sisters of the Apostolic Carmel Congregation, said students have to conform to the college’s dress code that has been in existence […]
A building has collapsed in heavy rain in Pydhonie area in South Mumbai. This is the second mishap since heavy rains started about 48 hours ago. There is no confirmation of human casualties in the collapse of the MHADA building. Fire trucks have been rushed to the building and the National Disaster Relief Force has […]
