The new Parliament building will be constructed close to the existing one under the Central Vista redevelopment project, and it is expected to be completed in 21 months.
Union Minister Nitin Gadkari on Tuesday said if the US-based Tesla is ready to manufacture its electric vehicles in India then there is 'no problem' but the company must not import cars from China. In an interactive session at the Raisina Dialogue, Gadkari further said India is a large market and there is a huge potential for all electric vehicles. "If Elon Musk (Tesla CEO) is ready to manufacture in India then there is no problem ... Come to India, start manufacturing, India is a large market they can export from India," he said. The road transport and highways minister said his request to Musk is to come and manufacture in India.
The 193-member general assembly voted overwhelmingly on Wednesday to condemn Russia's "illegal so-called referendums in regions within the internationally recognised borders of Ukraine and the attempted illegal annexation of the Donetsk, Kherson, Luhansk, and Zaporizhzhia regions of Ukraine, following the organisation of the above-mentioned referendums".
ITC's first foreign venture in the hotel space - a premium and luxury mixed-use development - has been "adversely impacted" by Sri Lanka's economic crisis, the firm said. The $300-million project under WelcomHotels Lanka (Private) Limited (WLPL), a wholly-owned subsidiary of ITC, comprises a luxury hotel and a super-premium residential apartment complex on 5.86 acres of prime sea-facing land in Colombo. In its latest annual report for financial year 2021-22 (FY22), ITC mentioned that the project's construction was running on schedule till the third quarter (Q3) of FY19, but was adversely impacted due to disruptions in the aftermath of the terror incidents in 2019 and thereafter by recurrent waves of the Covid-19 pandemic.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Tata Steel has increased spot prices Rs 300 to Rs 500 a tonne on some long products, while public sector steel producer RINL has increased rebar prices by Rs 500 to Rs 1,000 a tonne. Rebars, which are also long products, are currently ruling at Rs 32,000-33,000 a tonne. C G Patil, director (commercial), RINL, said this was the first increase since July-August, when prices started dropping. The increase was on the back of lower production owing to power cuts.
The Shri Ram Janmabhoomi Teertha Kshetra Trust reported that a five-foot shivalinga, seven black touchstone pillars, six red sandstone pillars, a 'flower pinnacle' and four broken idols of gods and goddesses were found.
Bikers pushing their two-wheelers that were stuck and pedestrians struggling to navigate through knee-deep water was a common sight in some places.
The company had received a loan restructuring package from banks under the 5/25 scheme last year.
India's white ball players have that imposing alpha-male like presence out there in the middle even if their best player Kohli is on the wane.
Retail investors-those investing up to Rs 200,000-lapped up all the four initial public offerings (IPOs) that opened for subscription on Wednesday. This is the first time since 2007 that four IPOs have been launched on a single day, according to information provided by Prime Database. KFC and Pizza Hut franchisee Devyani International (size Rs 1,838 crore); Diagnostic chains Krsnaa Diagnostics (Rs 1,213 crore), pharmaceutical firm Windlas Biotech (Rs 401 crore) and vitrified tiles manufacturer Exxaro Tiles (Rs 161 crore) are the four companies whose IPOs opened on Wednesday.
The Sichuan-Tibet Railway will be the second railway line into Tibet after the Qinghai-Tibet Railway project. It will go through the southeast of the Qinghai-Tibet Plateau, one of the world's most geologically active areas, according to the Chinese official media.
'The pride of the devoted Seinfeld fan is that he happens to love a show that doesn't take his love for granted, so that even on repeat viewings he is never really sure what directions an episode might take,' observes Sreehari Nair.
M-cap of 35% of BSE-500 companies, excluding financial ones, is below their debt or just a shade above
Reliance Industries (RIL), India's largest private sector company, is finalising a new alliance with engineering and project management partner Bechtel Corporation, as it prepares to enter the power sector.
The Supreme Court Wednesday asked the Centre and the NCR states to continue implementing for few days the measures to ensure improvement in air quality, saying that preventive actions are needed in anticipation to curb pollution even as it wondered what signals are being sent to the world.
A special court in Mumbai on Monday remanded Shiv Sena leader Sanjay Raut to the custody of the Enforcement Directorate (ED) till August 4 in a money laundering case.
When we are unwell, we consult a doctor, take a prescription, and then buy medicines from a chemist. In finance, too, it is best to keep investment advice and product purchase separate, suggests Bindisha Sarang.
Rs 50,000-cr loans for 15,000-Mw projects could be heading for restructuring.
The aircraft carrier, built at a cost of around Rs 23,000 crore, set sail on Wednesday for the crucial sea trials ahead of its planned induction into the Indian Navy by August next year.
The revamp, which was announced in September last year, envisages a new triangular Parliament building, with seating capacity for 900 to 1,200 MPs, that is targeted to be constructed by August, 2022 when the country will be celebrating its 75th Independence Day.
Leading the Opposition attack over the Adani-Hindenburg issue in the Lok Sabha, Rahul Gandhi on Tuesday linked Gautam Adani's meteoric rise to Prime Minister Narendra Modi's coming to power and said "magic" happened after 2014 that propelled the businessman from the 609th to the second spot on the global rich list.
'The Chinese are retaining geostrategic pressure on India by keeping troops there and building infrastructure continually.'
Nath said the silver bricks were bought from contributions made by members of the Congress. "We will send 11 silver bricks for the construction of a Ram temple in Ayodhya on the behalf of citizens of Madhya Pradesh," the former chief minister told reporters.
Speaking at the 4th Regional Security Dialogue on Afghanistan in Tajikistan's capital Dushanbe, Doval said that India has historical and civilisational relations with Afghanistan and New Delhi has always stood by the people of Afghanistan.
The court allowed Raut's plea for home food and medicines, but refused to pass an order on his prayer for bedding.
While extending the custody, the court noted that the ED has made 'remarkable progress' in the investigation.
Was the real estate euphoria just a bubble waiting to burst? The current financial year will reveal the answer.
The NCR and the MMR together account for 77 per cent of 10 big housing projects stuck because of developers' bankruptcy or litigation.
The economic slowdown has made it difficult for companies to record financial closure of a few awarded projects.
Pegged at $1.8 billion in construction deal size, The London Resort, which is located 17 minutes outside London, has attracted bids from three other construction majors from across the world.
In twin blows to Indian economic revival, higher food prices drove retail inflation to a five-month high of 7.4 per cent while factory output fell for the first time in 18 months. The second consecutive month of rise in consumer price index (CPI)-based inflation will add to the pressure on the Reserve Bank of India (RBI) to again raise interest rates to tame high prices. Inflation has been above the targeted zone for the ninth month in a row and as per statute, the RBI will now have to explain to the government in writing why it failed to keep prices below 6 per cent.
"The DAC accorded approval for procurement of equipment worth over Rs 5,100 crore from indigenous sources. These include sophisticated Electronic Warfare Systems for the Army designed by DRDO and manufactured locally by the Indian industry," the defence ministry said.
The 'request for proposal' for the indigenous construction of the six submarines will be issued soon, they added.
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.
French oil and energy group Total has agreed to a $2.5 billion deal that includes buying a 20 per cent minority stake in Adani Green Energy Ltd (AGEL) from Adani Group, as it builds up its presence in the renewable energy sector. The deal involves Paris-based Total getting a board seat in the largest solar energy developer in the world, as well as a 50 per cent stake in a 2.35 gigawatts portfolio of operating solar assets, the two firms said in statements. Total had in 2018, agreed to buy a 37.4 per cent stake in Adani Gas Ltd - the city gas distribution firm of the Adani Group, and a 50 per cent stake in the billionaire Gautam Adani-run ports-to-energy conglomerate's under-construction Dhamra LNG project in Odisha.
The job fair was jointly conducted by the State Employment Mission and the Koraput district administration recently.
However, both developers as well as analysts are hopeful that these business metrics will pick up once activity resumes.
'Is taxable amount above 1 Lac is also to be shown as income from other sources?'
The gig economy can serve up to 90 million jobs in the non-farm sectors in India with a potential to add 1.25 per cent to the GDP over the "long term", a report said on Tuesday. The gig economy, where workers get hired typically for short durations, can lead to transactions of over $250 billion over the long term, the report by the consultancy firm BCG said. The firm said gig economy is not a new concept but has seen greater adoption following the advent of technology.
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