Hundreds of members of the Aam Aadmi Party, including office-bearers, joined the ruling Bharatiya Janata Party in Gujarat at the party headquarters in Gandhinagar on Wednesday, days ahead of AAP national convener Arvind Kejriwal and newly-appointed Punjab chief minister Bhagwant Mann's visit to Ahmedabad where a roadshow is planned.
A group of people torched the office building of the Range Forest Officer in Tuibong area around midnight, and several fire tenders were pressed into service to douse the flames, they said.
Aadhar is set to be a preferred tool for various people- focussed initiatives of the government in the new year.
McDonald's India is setting up a food processing plant in the North. Though the location is yet to be finalised, the proposed plant is likely to be set up either in Punjab or Haryana with an investment of Rs 100 crore. Also, it has plans to set up a distribution centre in this region in addition to Delhi, Mumbai, Kolkata and Banglore.
A local court in Hyderabad has rejected the remand of three people who were arrested by Cyberabad Police on charges of allegedly trying to coax four TRS legislators into defecting, over not following the procedure of issuing a notice before the arrest.
With these repayments, RCom has now fully liquidated the borrowings from 23 foreign banks and financial institutions
The UPA government is likely to close this financial year with around a billion dollars (around Rs 4,100 crore) as receipts from divestment of minority shareholdings in four public sector undertakings.
NIIT Limited, Asia's largest IT education provider, plans to invest Rs 8 crore (Rs 80 million) in the next two years for setting up 100 centres for its new specialised programme on networking and infrastructure -- NIIT NetworkLabs.
Maruti Suzuki India (MSI) on Thursday said its new manufacturing facility in Haryana, the company's third in the state, would reach peak production capacity of 10 lakh units per annum in the next eight years entailing a total investment of Rs 18,000 crore. The new facility, which would come at a 800-acre site at IMT Kharkhoda in Sonipat district, will entail total investment of Rs 11,000 crore in the first phase with a production capacity of 2.5 lakh units per annum. The first set of vehicles are expected to roll out from the facility in 2025.
Responding to the notice, Kavitha said that she has informed the authorities that they can meet her at her Hyderabad residence.
Godrej & Boyce will invest Rs 100 crore (Rs 1 billion) to set up a refrigerator manufacturing facility near Pune and expects to clock a turnover of more than Rs 1,000 crore (Rs 10 billion) in the current fiscal.
India's largest private lender ICICI Bank has received bids for more than 100 crore shares, over ten times the shares on offer in its public issue.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Air India currently has a workforce of 27,500 people with 20,500 of them regular employees and rest on contract.
Steel Authority of India Ltd, the country's largest steelmaker, will invest a massive Rs 100,000 crore for expanding capacity to 40 million tonnes by 2020, Steel Minister Ram Vilas Paswan announced in New Delhi on Friday.
The bill was passed by a voice vote after Shah sought to allay concerns raised by the Opposition, which claimed the draft law was "draconian".
Commercial vehicles major Ashok Leyland has decided to set up a plant in Uttaranchal and will invest around Rs 1,100 crore (Rs 11 billion) in the new facility.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The Congress opened another front against the Bharatiya Janata Party, as it raked up the row surrounding allotment of land to Himachal Pradesh Cricket Association during its rule and accused former CM PK Dhumal and his son Anurag Thakur of causing a loss of Rs 100 crore to the state exchequer.
The division of the Reliance empire has helped fuel the upward rally in Reliance's market value as shareholders' wealth surged 100 per cent within a year of the demerger, while net profits doubled in two years.
The government on Tuesday said it has received Rs 4,353 crore as dividend tranches from seven public sector enterprises, including Coal India and PFC. Government has respectively received about Rs 575 crore and Rs 2038 crore from Nuclear Power Corporation of India Ltd and Coal India Ltd as dividend tranches," Department of Investment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey tweeted. Besides, about Rs 887 crore and Rs 653 crore have been received from Power Finance Corporation (PFC) and Hindustan Aeronautics Ltd as dividend tranches.
Seeking to develop and rejuvenate 75 water bodies in every district of the country, the prime minister will launch a new initiative named 'Amrit Sarovar', it said.
A joint venture of the Indian conglomerate Vedanta and Taiwanese electronics manufacturing giant Foxconn signed a memorandum of understanding with the Gujarat government on Tuesday to set up a semiconductor and display manufacturing unit in the state.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
The government on Friday said it is expecting to raise about Rs 8,100 crore (Rs 81 billion) from the five per cent stake sale in power PSU NTPC through a Follow-on Public Offer (FPO).
The fund will be used to restore and reconstruct the government tourist facilities
Do you have financial planning queries? Ask rediffGURU Anil Rego.
India's first auction of 5G spectrum, that powers ultra-high data speeds, is currently underway with a total of 72 GHz (gigahertz) of radiowaves worth at least Rs 4.3 lakh crore up for bidding. Billionaire Mukesh Ambani's Reliance Jio, Sunil Mittal-led Bharti Airtel, Vodafone Idea and a unit of billionaire Gautam Adani's flagship Adani Enterprises are in the race to bid for 5G spectrum, that offers speeds about 10 times faster than 4G, lag-free connectivity, and can enable billions of connected devices to share data in real-time. In addition to powering ultra-low latency connections, which allow downloading full-length high-quality video or movie to a mobile device in a matter of seconds (even in crowded areas), Fifth Generation or 5G would enable solutions such as e-health, connected vehicles, more-immersive augmented reality and metaverse experiences, life-saving use cases, and advanced mobile cloud gaming among others.
Channels like STAR Plus, Zee TV, Colors, NDTV Imagine and 9X, among others, hope to generate Rs 250 crore of advertising revenue from these shows over the next three months. Together, the broadcasters will churn out over 170 hours of fresh TV content in the form of soaps, reality shows, comedy shows and other genres. The average cost per episode of these 25 new shows is pegged at Rs 2.5-3 lakh.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The Indian financial services space seems to be in a sweet spot as foreign investors have made a net investment of Rs 14,205 crore ($2.1 billion) in the sector in November amid strong credit growth and manageable non-performing loan portfolio. The investment comes following a net withdrawal of Rs 4,686 crore from financial services stocks in October on account of profit booking. Overall, foreign portfolio investors (FPIs) have made a net investment of Rs 36,238 crore in the country's equity markets in November.
Lenders have postponed the second auction to sell bankrupt Reliance Capital's assets by a week to April 11, even as the Torrent group, the highest bidder in the first round, pursues litigation in the Supreme Court. Lenders are expecting the Hinduja group and Torrent to participate in the second auction and maximise the value of the assets. American financial services major, Oakteee may also join the race, said a source.
Sajjan Jindal-led JSW Group is not planning to cancel the Rs 100 crore (Rs 1 billion) order given to Maytas Infrastructure, run by promoters of fraud-hit Satyam Computers, as it is "happy" with the progress made by the firm on construction of two township projects.
Ulhas Joshi, Head -- Sales, Rank MF, a mutual fund investment platform, answers your queries.
The IT personnel had also seized currency and cash and jewellery worth Rs 6 crore (Rs 60 million) from Delhi-based Suncity Projects during searches, initiated on September 25, that lasted 30 hours, official sources said. According to the Income Tax department, the company had allegedly shown investments in other companies, which were later found to be of the same group.
As many as 17 locations in Delhi, Mumbai, Hyderabad, Jaipur and Surat were raided by the ED.
