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 […]
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 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 […]
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 […]
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, […]
Indian PC market continued to be in throes of a prolonged recession in the first three months of 2018, according to data from CMR, but could report its first yearly growth rate in 2018. CMR said there was a decline of 9.2% in the number of computers sold to consumers in India in Jan-Mar period […]
Wipro said it has completed the sale of its hosted data center services business for $399 mln as announced three months ago. The business, consisting of Wipro Data Centre and Cloud Services, Inc. (USA), a portion of data center business in Germany and UK and certain employees in India, was sold to to Ensono, a […]
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 […]
The Supreme Court bench of Justice Arun Mishra and Justice Sanjay Kaul has removed the ‘immunity’ enjoyed by Enforcement Directorate official Rajeshwar Singh and said the government can go ahead with any probe into his conduct, and remove him, if it wants to, from the investigation. Rajeshwar Singh, on his part, claimed that his life […]
BJP leader Subramanian Swamy has expressed suspicions of an ‘internal sabotage’ of the investigations into the so-called Aircel-Maxis scam, in which the accused include former finance minister P Chidambaram and son Karthi. “BJP government at Centre, judging by today proceedings on Aircel Maxis in SC, is under internal sabotage. Have to find out who is […]
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, […]
HCL said it was buying H&D International Group, a Germany-based provider of IT and engineering services to the automotive industry, for an undisclosed sum. It described H&D International as one of the largest IT service providers in the German automotive industry. “H&D has established a strong footprint in the German and Central European automotive markets […]
Bharti Airtel has integrated its enterprise and carrier businesses and appointed Ajay Chitkara, the current CEO of Global Business, to head the combined operation. Airtel said the integration of the global business with its enterprise unit will help it “leverage its global reach and deep relationships” for the benefit of its enterprise customers. “Under Ajay’s […]
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 […]
Reliance Jio Infocomm, the telecom subsidiary of Reliance Industries, said it will take a loan of $1 bln from Korea Trade Insurance Corporation to purchase goods from Korean companies Samsung and Ace Technologies. “The Facility is K-SURE’s largest deal in India as well as the largest deal supported by K-SURE in the telecom sector globally,” […]
