Defence minister Nirmala Sitharaman said India’s deal to acquire 36 Rafale jets was inked with the government of France, and that the deal does not require the French supplier to partner with Anil Ambani-led Reliance Defence. Sitharaman was answering a question raised by Congress MP Sanjay Singh about whether Dassault Aviation entered into a joint […]
Kotak Mahindra Bank said its customer base increased by 50% in nine months after it launched a mobile app to facilitate quick opening of bank accounts using Aadhaar. The company launched an app called 811 on March 29, 2017, three months after the Reserve Bank of India allowed banks to establish their customer’s identity by […]
Star India, which recently won the rights to the Indian Premier League by offering to pay a whopping Rs 16,348 cr over five years, has issued a disconnection notice to Videocon D2h DTH service. This follows a similar warning issued to users of Tata Sky and Airtel Digital — India’s biggest TV content distributors by […]
Pharma major Cipla dismissed concerns about adverse observations by the US Food and Drug Administration on one of its manufacturing plants in Goa. The Goa plant is one of the company’s largest manufacturing locations for exports, and the observations could affect the company’s trade with the US, media reports had said. The company’s stock fell […]
Dhanlaxmi Bank said it will raise Rs 150 cr by issuing non-convertible, 7-year bonds. The bonds will carry interest of 11% paid every six months. The debentures, of face value Rs 10 lakhs each, will be sold on a private placement basis. The notes will be of subordinated Tier-LI status, the private bank added. Dhanalakshmi […]
Tamil Nadu, West Bengal and Rajasthan are the three states that have been the biggest beneficiaries of the Mahatma Gandhi National Rural Employment Guarantee Scheme, which promises 100 days of manual labor to anyone who is interested. Tamil Nadu generated 126.04 cr days of work under the scheme in the last four years, accounting for […]
Suzlon Group, one of pioneers in India’s wind energy sector, said it has won construction orders for two wind energy farms in Kutch region of Gujarat, totaling 500 MW of capacity. Suzlon will execute both the projects on a turnkey basis and will also provide operation and maintenance services, the company said. The bids were […]
Godrej Properties Ltd said Godrej Fund Management will invest into its ‘Godrej Two’ commercial building project in Vikhroli. Godrej Fund Management was set up by the real estate company three years ago primarily with the purpose of raising funds for its real estate projects. It is currently a separate and distinct entity. Financial details, such […]
Students of the National Institute of Fashion Technology’s campus in Kannur held a public demonstration and rally to protest what they said were increasing cases of sexual harassment against girl students. Protesters took out a rally through Kannur town to question police inaction over rising cases of attacks on female NIFT students by gangs of […]
Larsen & Toubro said it signed a major contract worth ₹2,864 cr with the Dedicated Freight Corridor Corporation of India to construct a railway line. The order involves construction of 222 Route Km of a single-track corridor from Khurja to Pilkhani in Uttar Pradesh. This project will be funded by World Bank (WB) and is […]
Edelweiss Financial Services Ltd said it abandoned the deal to acquire the securities business of Religare Enterprises, including the company’s securities and commodities broking and depository participant services. “Due to the seller’s inability to obtain the requisite clearances within the agreed timeline, the binding agreement has come to an end on March 15, 2018,” Edelweiss […]
Dilip Buildcon Limited, one of India’s largest road construction companies, said it has qualified as the lowest bidder for yet another highway project, worth Rs 1,004 cr. The Hybrid Annuity Project from the National Highways Authority of India is to upgrade a 15 km stretch of NH 75E in Madhya Pradesh. The company will construct […]
Bangalore-based real estate player Puravankara Ltd said it will invest Rs 500 cr to develop a 32 acre project near Dabolim in Central Goa. The company expects to generate sales of close to Rs 1,000 cr over the next five years from the project, Puravankara said, adding that the construction contract has already been awarded […]
SpiceJet, which had initially refused to shift its Delhi airport operations from Terminal 1 to Terminal 2, said it will shift 22 flights to T2 from 25 March. These are the flights to Cochin, Ahmedabad, Patna, Pune, Goa, Surat, and Gorakhpur. It said all the flights to and from T2 will have flight numbers starting […]
Trademark filings have given a peek into dozens of upcoming channels planned by broadcasting companies such as Star India, Zee Entertainment and Sun TV. According to trademark filing data made available by Quickcompany.in, Zee Entertainment is planning to launch around a dozen new channels, while Star India is planning around ten new launches and Sun […]
Delhi saw 309 cases of rape during the first two months of this year, up slightly from 307 last year, but reported cases of robbery and burglary showed a sharp decline. Overall crime rate fell as the total number of registered crimes fell to 37,953 from 41,433 in the same two months of last year, […]
TVS Motor Co has unveiled the specifications of the new 2018 version of TVS Apache RTR 160 4V, its highest selling bike in the premium RTR series. As expected, the primary changes are in the looks and in the engine. In terms of looks, the bike is arguably the most stylish in the 160cc class. […]
Construction major Larsen & Toubro reported new orders worth more than ₹1600 cr from the hydrocarbon segment. The Onshore Projects business of the company’s hydrocarbon unit secured a contract for the design, supply, and construction of a large LNG Tank facility in the east coast of India. The business also secured additional work from existing […]
BYPOLL RESULTS SP/BSP/RJD BJP CONG GORAKHPUR 308,000 279,000 11,443 PHULPUR 250,000 217,100 12,444 ARARIYA 203,000 182,000 BHABUA 56,000 43,000 24,300 JAHANABAD The Bharatiya Janata Party seems to be facing an unexpected setback in Uttar Pradesh with both Lok Sabha seats seeing leads for the opposition. The victory of the BSP-SP alliance could have far reaching […]
Delhi Police, the arm of the central government that is responsible for keeping law and order and providing security to important persons in the national capital, has spent Rs 43,94,441 for installing the first 10 CCTV systems at its police stations. The system is being put in place on the recommendations of the Supreme Court. […]
