C Vijayakumar, the reticent chief executive of HCL Technologies, India's third-largest IT services firm, was recently appointed managing director, succeeding the founder, Shiv Nadar. Back in October 2016, when CVK, as he is popularly called within and outside of HCL, was named CEO, it had been somewhat of a surprise - his elevation being the result of his predecessor, Anant Gupta, suddenly stepping down to "pursue personal interests". CVK, 53, has since taken the firm from under $7 billion to over $10 billion in revenue.
The petroleum ministry has told ONGC to give away 60%stake plus operating control in India's largest oil and gas producing fields of Mumbai High and Bassein to foreign companies, according to an October 28 letter to the state-owned company. Amar Nath, additional secretary (exploration) in the Ministry of Petroleum and Natural Gas, wrote a 3-page letter to ONGC chairman and managing director Subhash Kumar, saying productivity of the Mumbai High and Bassein & Satellite (B&S) offshore assets under state-owned firm was low and international partners should be invited and given 60 per cent participating interest (PI) and operatorship. This is the second time since April that Nath, who is part of the ONGC management as the longest-serving government nominee director on its board and often considered a potential candidate to replace Kumar next year, has written an official letter, painting a poor picture of the company's performance.
'We will be able to provide 450 square feet house in Rs 5 lakh,' Nitin Gadkari said.
'We cannot understand why the government is facilitating the import of artillery when our indigenous guns are doing so well.'
The deadline for the commercial launch of the Navi Mumbai airport is set at 2021-end
.jpg)
Observing that the prime reason for these losses was high fuel cost which constituted almost 40-50 per cent of an airline's total costs, Civil Aviation Minister Ajit Singh said the aviation turbine fuel (ATF) prices were high due to rising base price and "very high VAT imposed by state governments."
Nearly 240 projects were under various stages of implementation.
'As the demand for transferable skills that can be remotely applied increases, the need for tech-based courses is on the rise/'
An overarching law governing public healthcare is a glaring gap in India's fight against the COVID-19 pandemic. In India it is left to individuals to quarantine themselves voluntarily. Moreover, the 123-year old The Epidemic Diseases Act, 1897, governs healthcare emergencies in India.
There will be a huge market for healthcare professionals, data and security experts and digital marketers, says Navneet Singh, founder, Avsar HR Services.
Roads and national highways are the lifeline of the country, says Oscar Fernandes.
Bhogapuram international airport, Ramayapatnam and Bandar ports, the Muktyala lift irrigation scheme and a bridge across the Krishna river are some of the projects likely to be hit.
The new Land Acquisition Act to provide just and fair compensation to farmers came into force from January 1, 2014.
The Indian financial system's asset quality improved despite the pandemic, but it could be due to special dispensations by the regulator, and banks would likely see increased stress on their books once the schemes expire. According to the annual trend and progress report of the Reserve Bank of India (RBI) released on Tuesday, the data available for this financial year so far indicate that banks' bad debts have moderated while provision coverage ratios (PCRs), capital buffers as well as profitability indicators have improved relative to pre-pandemic levels.
Reliance Retail has bought a 25.8 per cent stake in Dunzo, India's leading quick commerce player, for $200 million (around Rs 1,488 crore) as it looks to expand its presence in online grocery delivery business. Dunzo has raised $240 million (about Rs 1,787 crore) in its latest funding round that was led by Reliance Retail Ventures Ltd (RRVL) - the retail arm of Reliance Industries, the two firms said in a statement. Existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital also participated in the funding round.
The construction of the bridge began in 2011 at a project cost of Rs 950 crore. Its has been designed to withstand the movement of military tanks.
India's traditional companies are now moving full scale into the renewable and alternative energy space that had been dominated by smaller players over the past decade. Companies such as government-owned NTPC and the Adani and the Tata groups restructured their businesses well in time to become major players in the green space. At the same time, other conventional companies, such as Larsen & Toubro and Reliance Industries Ltd (RIL), which have a presence both in the energy sector as well as myriad other activities - construction, technology and retailing - are tying up with new-age companies to hitch a ride to a greener path.
To date, USAID has provided $5.9 million to assist India in responding to the COVID-19 outbreak.
The Defence Ministry on Friday inked a nearly Rs 20,000 crore contract with Airbus Defence and Space of Spain to procure 56 C-295 medium transport aircraft which will replace Avro-748 planes of the Indian Air Force.
The Indian Institute of Technology-Bombay is the top Indian institute as per the Quacquarelli Symonds Graduate Employability Rankings 2022.
Investment in infrastructure was necessary for the economy, as power shortages, inadequate transport and poor connectivity affect overall growth performance, as per the Economic Survey 2019-20 tabled in Parliament by Union Finance and Corporate Affairs Minister Nirmala Sitharaman. "To achieve GDP of USD 5 trillion by 2024-25, India needs to spend about USD 1.4 trillion (Rs 100 lakh crore) over these years on infrastructure so that a lack of infrastructure does not become a constraint to growth," it said.
Hyderabad Metro has taken up a study to change the alignment of the rail track in order to avoid the Legislative Assembly building and Sultan Bazar stretch in Hyderabad, even as the realignment is expected to escalate the project cost by over Rs 300 crore (Rs 3 billion).
A reception often reserved for rockstars came the way of mining mogul Anil Agarwal when he started revealing nuggets of his ascent from a scrap-metal dealer to one of India's most prominent self-made industrialists on social media. And now he has been flooded with booking writing proposals and has even been offered money for a biopic. In February this year, Agarwal, 68, started tweeting his journey from Bihar to Mumbai first and then to London to head a globally diversified natural resources company with interests in zinc-lead-silver, iron ore, steel, copper, aluminium, power, oil and gas.
.jpg)
The development comes after the National Democratic Alliance government this year broke a 92-year-old tradition of presenting a separate Railway Budget, according to suggestions made by the Debroy committee.
The Prime Minister said there is a need to have a relook at the structure of the Planning Commission and give it a new shape.
Instead of giving away the airports to the private sector 'on a platter', state-run Airports Authority of India should form a subsidiary or a special purpose vehicle to grant management contracts to entities having expertise in the field, the panel recommended.
Stepped up public expenditure must be accompanied by focused policies, advises Vinayak Chatterjee.
Clarifies over the raging media controversy over its intent to exit
An inquiry by the safety commissioner has been ordered. Anusha Soni reports
The Haryana State Employment of Local Candidates Bill, 2020 provides the quota for local people in private sector jobs that offer a salary of less than Rs 50,000 a month.
Serum Institute of India, the world's largest vaccine manufacturer, has a licence to produce the shot and has already manufactured close to 50 million doses.
11 BJP members in the Joint Committee of Parliament on land bill moved amendments seeking to bring back the social impact assessment and consent clause.
Banks might not have realised the exact implication of risky projects under PPP projects, which were getting implemented under high leverage
As FIIs pull out of road projects, doubts have surfaced about the future of new highways and roads
A pod-like vehicle, which can touch top speeds of close to 1,200 km an hour, will make this amazing feat possible.
It will be National Housing Mission which will be launched soon
Yes. Whilst public expenditure is kicking in, the key reason is the decline in private investment
As CAG found Reliance Industries was being favoured in gas exploration deal to the government's detriment, former Prime Minister Manmohan Singh told the then top auditor Vinod Rai that audit should not hurt the private sector and RIL was one of the biggest and most respected.
The defence ministry also cleared the project, to acquire 5,000 Milan 2T anti-tank guided missiles for the Army.
The public sector behemoth is looking at forming joint ventures with states.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances