Reliance Industries Ltd will invest Rs 75,000 crore in rolling out 5G mobile telephony services, expanding retail network and setting up renewable energy capacity in Uttar Pradesh in the next four years, its chairman Mukesh Ambani said on Friday. Ambani also announced foray of the oil-to-telecom conglomerate into bio-energy business, converting agriculture waste into gas which can be used as fuel in industries, run automobiles or light kitchen stoves. Speaking at the Uttar Pradesh Global Investors Summit 2023 here, Ambani said his group will set up 10 GigaWatts of renewable energy capacity and roll out 5G services across the state in the next 10 months.
Hyundai Motor India Limited (HMIL) is planning to expand its used car business to all the existing dealerships in the country.
The Bacillus Thuringiensis (Bt) brinjal episode will not impede the research work being carried out in the field of food and crop biotechnology in the country, a top scientist said.
On September 3, department of telecommunication had directed that all handsets without IMEI numbers be banned with effect from December 1, 2009.
BAK Telecom India, the Indian subsidiary of the $300 million company, is in talks with the TN government, while the necessary approvals had already been taken. China BAK, which is listed on Nasdaq as CBAK, is the sixth and the second largest battery maker in the world and China respectively.
Uttar Pradesh Chief Minister Mayawati on Thursday demanded that the Centre book UP Congress Committee president Ritu Bahuguna Joshi, for her alleged inflammatory comments against the Bahujan Samaj Party chief, under the Prevention of Atrocities Act against Scheduled Castes/Scheduled Tribes.Mayawati condemned the language used by the Congress' state unit chief and said that BSP workers were so upset that they wanted to take to the streets.
"There is a large workforce working as agents for life insurance companies and other banking and financial products who require specialised training as financial advisers," ICICI Prudential AMC, head -- retail sales and distribution, Vikram Kaushal said. Of the estimated 68,000 financial advisers available in the country, almost 38,000 are working for ICICI Prudential, he said.
"Tata Nano is a unique development. The design and development were carried out from scratch to keep the cost of the car at the Rs 1 lakh level," said K Kasturirangan. The Nano project has already secured 37 patents abroad for its path-breaking technology and has become a powerful brand worldwide. "The setting up of the factory also posed socio-political challenges, but the multi-dimensional approach finally helped in the realisation of the project," he added.
The financial bids will be opened on Wednesday along with the technical bids for Bareilly. Torrent had quoted highest rates at Rs 2.17 per unit, followed by JUSCO at Rs 2.16 per unit for Kanpur.
Apart from IIM-L, where more than 110 organisations participated in the summer placements, there has been a general slowdown in the placement process of other institutes. A boom was expected in the reality and retail sectors but, given the ongoing slump, these sectors had little to contribute to uplift the offer market for graduating students. Experts believe the slowdown scenario is expected to continue up to next year. "Opportunities in 2010 will be good," they added.
Uttar Pradesh Udyog Vyapar Pratinidhi Mandal president and Rajya Sabha MP Banwari Lal Kanchal said said the Parliamentary Standing Committee on Commerce was studying the impact of big malls on small retailers and is expected to submit its report to the central government soon. He is one of the committee members. Kanchal claimed that, in the last five years, an estimated 20 million traders had been rendered jobless due to the sprouting of big shopping malls in the country.
The field operations are on in the sub-Himalayan terai region stretching from the Gorakhpur district in eastern UP to Bijnore district in western UP. The two companies were given prospecting licences sometime back, he informed. The licence allows the licence holder to undertake mineral substance prospecting works within a specific area.
The World Bank is likely to sanction a reform-linked loan of Rs 16,000 crore (Rs 160 billion) to the UP government. The loan, called "UP Development Policy Loan", is in an advanced stage of negotiation and likely to be credited to UP in the current fiscal. The loan will help the state government retire costly old debt, which will reduce the annual interest burden by Rs 700 crore (Rs 7 billion).
The Uttar Pradesh government is carrying out an annual sugarcane survey in the state to ascertain the requirement of the state sugar mills and total area cultivated under the cash crop. Besides, the comprehensive survey seeks to identify and weed out sugarcane mafia from the whole system.
There are about 60 second-hand car dealers in Lucknow and small cars such as the Maruti 800, Indica, and Santro are favourites with buyers. The small-car segment accounts for about 75 per cent of second-hand car sales. Second-hand car dealers collect 2 per cent commission from both buyers and sellers for each deal.
SIHL has invested about Rs 25 lakhs (Rs 2.5 million) in establishing the present facility at its Lucknow township. The Lucknow laboratory has impact-testing machines, and is also equipped to test compression factor, stone and sand aggregate value, crushing value, and moisture content.
So what does the future hold for small grocers? The ones Business Standard spoke to said they would also love to revolt, as smaller retailers did in Lucknow.
The association in its state-level executive committee meeting held at Lucknow today expressed concerns over the government's decision to impose ban on Reliance Fresh.
The number of tourists visiting Uttar Pradesh last year was 106.8 million, of which 1.3 million were foreigners.
GMR evinces interest in the project.
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