The foreign minister made the request for assistance to Modi who noted that India was committed to helping all nations affected by the tragedy.
Indian Railway Catering and Tourism Corporation (IRCTC), the Indian Railways' wholly-owned listed subsidiary, is eyeing partnerships to offset recurring costs incurred in train operations, which is part of its two-year-old diversification from core catering and ticketing businesses. To this end, it is courting public sector undertakings such as Bharat Heavy Electricals (BHEL) and others to create a special purpose vehicle for the routes for which IRCTC has bid. The Railway ministry opened bids for public private partnerships in passenger train operations in July 2021 and received bids to operate 29 pairs of trains with around 40 modern rakes that would entail an investment of Rs 7,200 crore.
The Union Cabinet has cleared a proposal to provide Rs 30,600 crore government guarantee for security receipts issued by the National Asset Reconstruction Company (NARCL) as part of resolution of bad loans, Finance Minister Nirmala Sitharaman said on Thursday. The proposed bad bank or NARCL will pay up to 15 per cent of the agreed value for the loans in cash and the remaining 85 per cent would be government-guaranteed security receipts. The government guarantee would be invoked if there is loss against the threshold value.
The latest move, even if it is symbolic, is the first rate hike after the one announced end of 2019.
Flush with liquidity, banks are eager to lend. And, therein lies the problem, warns Tamal Bandyopadhyay.
Securities and Exchange Board of India (Sebi) chairman Ajay Tyagi on Thursday defended the recent reforms announced by the regulator, such as peak margin norms and shortening of the trade settlement cycle, saying they were in the interest of investors. The moves were criticised by the broking community and the foreign portfolio investors (FPIs). Speaking to the media after his inaugural address at the CII Financial Markets Summit, Tyagi said: "The new peak margin norms are in everyone's interest.
In his monthly 'Mann ki Baat' radio broadcast, Modi wished people on Dussehra and said that with various festivals coming up, they need to show patience and follow health guidelines in celebrating these auspicious occasions during the COVID times.
The company management remained tight-lipped about the resignations, but indicated there was nothing unusual in these movements.
'This is a historic juncture when the US is in great need of an alliance with India to strengthen its hands in the fierce struggle with China in the Asian theatre,' points out Ambassador M K Bhadrakumar.
'The Centre is planning to procure five million vials of Remdesivir ahead of the third wave. What's better is that this time, the government is paying us in advance,' said a senior executive of a Mumbai-based pharma player which makes Remdesivir. Sohini Das reports.
The Tamil Nadu Assembly on Saturday adopted a resolution urging the Centre to withdraw three contentious farm laws, against which farmers have been holding protests outside Delhi for months.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
Growing protectionism in their main markets - the US and the UK - has forced them to hire local workers, upending the cost arbitrage model they had built their business on.
Singapore Prime Minister Lee Hsien Loong has described the outbreak of violence among South Asian foreign workers on December 8 as "inexcusable".
'Investment is the only way India can counter the Chinese influence in the region.' 'With more and more investments, you will have more and more stake; the strategic importance of Sri Lanka can be fulfilled with investments.' 'Investments should come because the void which is created by investments is always going to be filled by Chinese companies.'
Billionaire Mukesh Ambani on Tuesday hinted at rolling out 5G telecom services in the second half of 2021 and said policy steps are needed to accelerate the early rollout of ultra-high-speed 5G services that are affordable and available everywhere. Ambani, whose four-year-old telecom venture Jio has captured the No.1 spot offering free voice calling and data at dirt-cheap rates, also pitched for developing hardware manufacturing in India, saying the nation cannot rely on imports in such a critical area. 5G is the 5th generation mobile network that enables connecting virtually everyone and everything together including machines, objects, and devices. India, he said, is today among the best digitally connected nations in the world.
Historically, it is only the third time funds raised through IPOs has crossed the Rs 10k-crore mark
Attempts are being made to balance the need for health of the sector, consumer interest while complying with the Supreme Court order on statutory dues.
The PwC survey found more than 50 per cent respondents reporting lack of adequate skill sets
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
'We are working in association with the state government and other transmission companies to make sure that the city never experiences blackouts'
iPhone SE 2020 is one of the popular phones like Apple 11, which is the biggest seller in the domestic market.
Star earned ad revenues of around Rs 30 billion during last year's IPL. Whether it hits last year's figure will depend on how the economy picks up during the festival season.
Domestic deals were the flavour of the month as there were 20 such transactions worth $2.77 billion in June 2015.
'BPCL has always been spoken about as a multinational company though it is State-run... this sets our work culture also apart.'
Congress leader Rahul Gandhi on Friday assured that the Citizenship Amendment Act (CAA) will not be implemented in Assam if the party is voted to power in the state in the coming assembly poll.
A shortfall in LPG supply from Aramco has led to huge booking backlog across states. To meet the backlog, India has asked Abu Dhabi National Oil Company for two additional cargos of LPG, but that may take another 10 days to reach.
Saikia, kidnapped on April 21, was released near the border in Longwa village of Mon district in Nagaland after 31 days, said a top official at Assam Police headquarters.
The FIR was lodged at the Sector 20 police station on Thursday after the complainant, a Noida resident, alleged that her Amazon Prime account got hacked and the problem remains unresolved despite assurance from Amazon boss Jeff Bezos, an official statement said.
Rahul knew this was coming. That 'dirt' would be dug up.
Union Minister Ravi Shankar Prasad on Tuesday urged state IT ministers to move swiftly and promote electronics manufacturing through pro-investment initiatives, in a bid to tap a "great opportunity" that now beckons India. Prasad, who interacted with state IT ministers through video-conference against the backdrop of the coronavirus pandemic, told reporters later that eased connectivity norms to facilitate work-from-home, which were to end on April 30, have now been extended till July 31.
Gangwal said he will not vote in favour of resolutions that intend to expand the size of the board to 10 members. Gangwal wants a seven-member board.
You need, first of all, to figure out how we messed it all up so badly. You need to fix accountability. None of that is happening, says Vir Sanghvi.
Ambani said Reliance raised Rs 1.15 lakh crore from global tech investors by selling a little less than a quarter of the firm's digital arm, Jio Platforms Ltd, and another Rs 53,124.20 crore through a rights issue.
The main concern among industry and market experts is that the governance in these companies needs to be strengthened and the focus on social insurance has to come down.
The DGCA is conducting special audit of all airlines and airports which are in monsoon-affected areas in the wake of multiple landing incidents across the country.
The heavy industries ministersaid that the proposal for the auto scrappage policy was ready and all stakeholders have provided inputs, therefore its announcement was likely very soon.
Bonuses are typically commensurate with deal activity in any given year. Investment banks, on average, pocket 2-3 per cent as fees for managing an IPO and 1.5-2 per cent for handling QIPs.
