Cloud-based software firm Ramco Systems said it received an order from Australia-based property management company Opteon Solutions for its payroll management software. Ramco will implement its Single Touch Payroll software which will streamline functions such as calculation of salary, increments and incentives, retroactive pay, country-specific statutory compliance, as well as tax reporting. The software features […]
Congress President Rahul Gandhi promised to reserve 33% of all government jobs in India to women if the Congress Party comes to power and said his government would correct the North-Indian focus of the current government. Interacting with females students at Chennai’s Stella Maris College, Gandhi said women are smarter than men, and that he […]
India’s most aggressive low-cost carrier, Spicejet, said it has cancelled 14 flights today due to the grounding of multiple Boeing 737 MAX aircraft. The grounding is the result of a regulatory directive, which was prompted by an accident with an Ethiopian Airlines plane last week, the second Boeing 737 MAX to fall out of the […]
India’s largest commercial bank, State Bank of India (SBI), launched ‘doorstep banking’ for senior citizens, the differently-abled and infirm customers, including those with visual-impairment. Under this facility, doorstep services will be made available to fully KYC-compliant customer holders with a valid mobile number registered with the bank and residing within 5-kilometre radius from their home […]
Crowds at a poll rally in Gandhinagar in Gujarat chanted ‘Indira! Indira!’ when Priyanka Gandhi was called to address the crowd, perhaps for the first time outside the Congress pocket borough of Amethi. It was not clear if the chanting was being done by Congress office bearers or the crowd that had come to listen […]
JSW Steel Limited, the flagship company of the Mumbai-based JSW Group, has reported a 6% dip in production of crude steel in February. While the company produced 13.33 lakh tonnes of crude steel in February last year, output fell to 12.57 lakh tonnes this year. This is also a slip from the crude steel output […]
An 18-year-old woman from Kerala has been booked under the Protection of Children from Sexual Offences Act or POCSO, based on the complaint of a 16-year-old. The police complaint by the family of the 16-year-old says that the girl confided in them, and accused the 18-year-old woman of putting pressure on her to have sex […]
Infrastructure major Larsen and Toubro (L&T) on Tuesday said that it has bagged contracts for its power transmission and distribution business worth over Rs 1,000 crore, including from Bengaluru and Mumbai metro projects. The engineering and construction company received two orders from Andhra Pradesh. The first one is for the design and construction of two […]
Pharmaceutical manufacturer Laurus labs said it received final approval from the US Food and Drug Administration to launch a generic equivalent of Concordia Pharmaceuticals’ malaria drug Plaquenil. Hydroxychloroquine is also used for treating diseases like rheumatoid arthritis and lupus and is sold under the brand name Axemal in India. The company also received a tentative […]
The Public Works Department will set up a network of closed circuit cameras in Delhi by September. The contract for the project has been awarded to Bharat Electronics Ltd or BEL, which has in turn contracted Mumbai-based Aurionpro Solutions Ltd for the installation and maintenance of the surveillance system. “Aurionpro shall supply and install cameras […]
Visaka Industries announced that its new fibre cement board factory at Jhanswa village near Jhajjar, Haryana with an annual capacity of 50,000 tonnes has started commercial production from Monday. Visaka Industries is one of the biggest producers of cement-fiber sheets, used in a variety of applications, including false-ceilings, roofing, partitioning and interior work. Its ‘V […]
The government’s ‘free LPG connection’ scheme, Ujjwala scheme has crossed the 7 crore-target, making it one of the most successful programs of the current government. The scheme launched on May 1, 2016 with a target of providing LPG connections to 5 crore low-income households, and achieved the target in a record of time of 28 […]
The government of India today approved a scheme to give incentives to companies that want to manufacture batteries in India. Briefing media after a cabinet meeting, IT minister Ravi Shankar Prasad said: “We have taken a big step to give incentives under the Make in India program to encourage the manufacturing of batteries.” The move […]
The central government has set up a committee under the Lt Governor of Delhi to study the feasibility of ‘regularizing’ the unauthorized colonies of Delhi. There are many areas in Delhi, particularly on the eastern and southern sides, where people have constructed shanties, and in some cases concrete houses, on government property. It is estimated […]
The government of India today approved three new lines for the Delhi Metro at a cost of Rs 25,000 cr. The so-called phase 4 metro expansion will see three lines — from Aerocity to Tuqlaqabad, from RK Ashram to Janakpuri and from Mukandpur to Mauzpur. In all, the three lines will add a total of […]
Paytm, India’s largest digital wallet player, is reportedly planning to set up 1,000 ATMs across the country under a branding tie-up with Tata Communications Payment Solutions Ltd. Although Tata Communications did not confirm the news, the network connectivity provider said it has a “co-branding alliance” with a “leading payments bank recognized as India’s largest digital […]
NBCC, formerly known as the National Buildings Construction Corporation Limited, said it won new orders amounting to Rs 804 crore in the month of February. The Central Government Navaratna enterprise under the Ministry of Urban Development had secured a total business of Rs 355 crores last month and Rs 743 crore in November. Earlier last […]
Aditya Birla Group firm Grasim Industries Limited on Wednesday said it agreed to buy fabrics manufacturer Soktas India Private Ltd for an enterprise value of Rs 165 crores. The equity valuation of the acquired company was not disclosed, nor did Grasim reveal how much it would pay as part of the transaction. The Kolhapur-based company, […]
Larsen & Toubro said it has received an order worth between Rs 2,500 cr and Rs 5,000 cr to create six underground stations of Bangalore Metro, as well as underground tracks. The first stretch is for 2.76 km from Vellara Junction to Shivajinagar, including a station at MG Road. The second stretch is for 2.88 […]
Real estate developer Lodha Group announced what it called ‘India’s largest mall’, spread over 20 acres in Palava, a smart city being developed near Dombivili, Maharashtra. The developer said the mall would be a ‘game changer’, not just for Mumbai, for the entire region, and will address hitherto unmet needs of Mumbaikars. “The development, comprising […]
