Suspended Indian Administrative Service officer Pradeep Sharma, who took on Narendra Modi over the snoopgate scandal when he was the Gujarat chief minister, was arrested on Tuesday in a corruption case, a day after the Enforcement Directorate attached his properties for alleged money laundering.
Four developers, including L&T Chennai Projects and Welspun Anjar, have approached the Commerce Ministry to surrender their IT and textile zones respectively.
When set up in 1993 by the Ranka family's Modern Group, this was the first terry towel manufacturing unit in the whole of Asia, to be followed by Welspun and Trident.
It is expected to take a similar stand at the Mumbai and Delhi high courts, where Welspun Maxsteel, Ispat Industries and Essar Steel have challenged the petroleum ministry's decision to divert KG-D6s supply from steel and petrochemicals to power and fertiliser.
Steel manufacturers on Wednesday hit out at 'unilateral' decision of the Oil Ministry to curb natural gas supplies from Reliance Industries' KG-D6 fields to non-core users, saying only a ministerial panel was empowered to take such decision.
The work on India's longest road tunnel has begun, with engineers blasting a part of a hill to make way for the construction of the 9-km-long Chenani-Nashri tunnel in Udhampur district in Jammu and Kashmir.
The Securities and Exchange Board of India (Sebi) on Friday banned Mumbai-based high net worth individual Sanjay Dangi and promoters related to him from dealing in equity markets. Promoters and promoter entities of Murli Industries Ltd, Ackruti City Ltd, Welspun Corp Ltd, and Brushman India Ltd have been barred from trading in their own and group companies' shares.
Reliance Industries is ostensibly seeking a 25 per cent increase in the price of natural gas it produces from the eastern offshore Krishna-Godavari Basin after it wrote to the Oil Ministry saying it has customers willing to pay more than the government-approved price.
'The competition between the two is definitely going to be of great interest to the Indian market.'
Bombay Dyeing is betting on creating a range of unique, customised textile products, a route that is largely unexplored by the home textiles players although several industry reports and consumer behavior studies have talked about the potential for personalisation.
In a boost to women entrepreneurship in the country, three Indian businesswomen are among the 15 women entrepreneurs who have been awarded the third La Caixa International Women Entrepreneurial Challenge Awards (IWEC) this year.
The petroleum ministry has said Reliance Industries Ltd (RIL) is not right in seeking an out-of-turn rise in the price of natural gas produced from the KG-D6 fields and asserted the $4.205 per million British thermal unit (mBtu) rate will prevail unless pricing formula is changed.
Palak is certain to make the cut for Tokyo Paralympics in women's doubles as she is currently ranked fifth in the world. The top six in the list to be published by International Paralympic Committee will get automatic qualification.
Though end-of-season sale is common in the first week of February, what is interesting this time around is the quantum and timing of the offers. Retailers are giving away 20-25 per cent additional discounts, compared to the last year. Also, they began giving discounts at least three weeks before the ususal timing.
World's largest retailer Wal-Mart has awarded nine Indian companies for outstanding supplier accomplishments under the Wal-Mart International Supplier of the Year Award for 2006.
Although there is enough room for Vijayeswari Textiles to grow, its peers are available at cheaper valuations.
Top company sources at Alok Industries said the processing required a lot of water, which is not a constraint in Gujarat.
Some of these items of consumption include ultraviolet disinfectants and sanitising boxes, free-finger touch devices, do-it-yourself grooming kits, self-cleaning water bottles, smart tiffin boxes, hand-sanitizer wearables, antiviral fabrics, tiles, flooring and mattresses, and anti-fogging glasses.
Akhil Jindal, President of Welspun Group and Rajendra Hinduja, Executive Director of Gokaldas Exports say that there has been significant improvement in cotton, home textiles, and the apparel segment.
The rupee has depreciated by 0.95 per cent in two days.
Gail India has received bids from seven firms for the Rs 973 crore (Rs 9.73 billion) Dahej-Uran pipeline project.
Experts view this as a case of "failed experiment" in succession
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Our governments are easily prone to arbitrary decisions but if you are dealing with international firms, such arbitrariness can turn back and bite you, says T N Ninan.
Tata Motors was the top gainer on better-than-expected June quarter revenues
The markets opened flat on the back of weak Asian cues
The markets opened strong mirroring the uptrend in Asian markets
In the apparel export segment, one of the biggest challenges is that UK has a size, US has a size, Europe has a size and a measure; but India does not. So a size India project will be rolled out in the entire country, the first of its kind in Indian history.
The sale of Essar Oil was India's biggest deleveraging exercise undertaken by any debt-heavy group
Welspun India Ltd bought British towel manufacturer Christy in 2006. And since then they have been manufacturing all the towels for the tournament at their facility in Vapi, Gujarat.
Natco Pharma, Wockhardt and Marksans have rallied between 50 and 70 per cent in the year till date.
India Inc very keen to do business in Gujarat.
She pocketed Rs 9.12 crore as remuneration in FY16
What could be the reason for this swift change in less than four years of Mistry taking charge? People in the know said it was building up. The latest trigger was Tata Power's acquisition of Welspun Renewables' solar and power assets
The move is part of a surveillance review to safeguard interest of investors in the capital market.
Stocks such as NIIT, Punj Lloyd, Gati, Welspun India and BEML are favourites of the trading community.
Markets ended at record closing highs for the second day in a row on institutional buying.
Delaying action on climate change will hurt growth: Global CEOs.
In the broader market, the S&P BSE Midcap added over 1% to finish at record closing high
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