After Rajasthan, Madhya Pradesh and Maharashtra, petrol price has crossed the Rs 100-per-litre mark in Leh, in almost all districts of Andhra Pradesh and parts of Telangana after fuel prices were again hiked on Friday. Petrol price was increased by 27 paise per litre and diesel by 28 paise a litre, according to a price […]
Day: June 5, 2021
DPIIT issues guidelines on Rs 6,236 crore PLI scheme for white goods
The Department for Promotion of Industry and Internal Trade (DPIIT) on Friday said it will provide incentives worth Rs 6,238 crore over a period of five years for manufacturing white goods–air conditioners (ACs), LED lights–in India, a part of its production-linked incentive (PLI) scheme. The scheme will offer an incentive of 4-6 per cent on […]
Power Mech Projects surges 16% as HDFC MF picks nearly 1% stake
Shares of Power Mech Projects surged 16 per cent to Rs 725, also its 52-week high, on the National Stock Exchange (NSE) in Friday’s intra-day trade after HDFC Mutual Fund (MF) bought nearly 1 per cent stake in the construction and engineering company via open market. HDFC MF, on June 3, purchased 130,000 shares, representing […]
Adani Enterprises becomes second-most valuable Adani Group firm
Adani Enterprises has now become the second most valuable company among the Gautam Adani-led Adani Group of companies as the stock hit a new high of Rs 1,694 after rallying 7 per cent on the BSE on Friday in intra-day trade. The stock was trading higher for the fifth straight day and has rallied 30 […]
Adani to offer green tariff to all consumers at a slightly higher cost
Adani Electricity Mumbai Limited (AEML), the power distribution utility in Mumbai suburban area, is offering Green Tariff to all its customers. All consumers right from corporates, industrial, commercial and residential consumers can now switch to green energy by paying marginally extra. The switch can be done with the immediate billing cycle and customers will receive […]
India is leading world in sustainable development and clean energy: PM Modi
India is leading the world in the fields of sustainable development and clean energy while it aspires to become self-reliant in every direction including agriculture to astronomy, disaster management to defence technology and vaccine to virtual reality, Prime Minister Narendra Modi said here on Friday. PM Modi’s remarks came at a meeting of the CSIR […]
Private jet sent by India to bring back Mehul Choksi leaves Dominica
The Qatar Airways’ private jet that was sent by India to bring back fugitive diamantaire Mehul Choksi from Dominica has left the Caribbean island country after nearly seven days, according to public flight data. The Qatar Executive flight A7CEE had left the Delhi International Airport at 3.44 AM on May 28 carrying necessary documents related […]
YIAPL secures financing from SBI for development of Noida Airport
The Yamuna International Airport Pvt Ltd (YIAPL) has received the final credit sanction for Rs 3725 crore from the State Bank of India (SBI) for the development of Noida International Airport (NIA), it said in a statement issued on Friday. Christoph Schnellmann, the Chief Executive Officer of Yamuna International Airport Private Limited said, “We are […]
Air India disinvestment will be completed in 2021: Hardeep Singh Puri
New Delhi [India], June 4 (ANI): Union Civil Aviation Minister (MoCA) Hardeep Singh Puri on Friday said that that the disinvestment process of Air India is getting delayed due to the second wave of the Covid pandemic and assured that the disinvestment process will happen in this year. “Air India is getting disinvested. It will […]
NBCC submits final bid to buy Jaypee Infra; Suraksha seeks more time
State-owned NBCC on Friday submitted its final bid to acquire Jaypee Infratech Ltd (JIL) while rival Suraksha group sought more time to make the final offer for the debt-laden realty firm under the insolvency resolution process, sources said. According to the sources, NBCC has submitted the final bid and it is compliant with the Insolvency […]
Air India disinvestment will be completed in 2021, says aviation minister
The disinvestment of cash-strapped Air India is likely to happen by the end of this year, Union Civil Aviation Minister Hardeep Singh Puri said on Friday. Puri said the disinvestment process of Air India got delayed due to the second wave of the Covid-19 pandemic and assured that the disinvestment process will happen in 2021. […]