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Airtel, Jio conclude spectrum trading agreement
NEW DELHI: Bharti Airtel on Friday announced the closure of its agreement with Reliance Jio Infocomm to transfer the 'Right to Use' of Airtel's 800 MHz spectrum in three circles to Jio.
Airtel said it has received Rs 1,004.8 crore (net…
Eicher posts profit but chip shortage likely to hit Royal Enfield production
NEW DELHI: Royal Enfield-maker Eicher Motors on Thursday reported a consolidated net profit of Rs 237.1 crore in Q1FY22 as against a net loss of Rs 55.2 crore in the year-ago quarter. The company’s consolidated total revenue from…
Edtech start-up Eruditus becomes 23rd unicorn
BENGALURU: Mumbai-based Eruditus, which ties-up with the top international universities to upskill professionals, has become the fourth edtech unicorn of India.
Eruditus has raised $650 million in a new funding round led by US venture…
Adi Godrej to step down from Godrej Industries Board
Kolkata, Aug 13 (UNI) Adi Godrej will step down as Chairman and from the Board of Directors
of Godrej Industries Limited (GIL). However, he will continue to serve as Chairman of the Godrej Group and Chairman Emeritus of GIL.
Godrej…
Game-Changer Vehicle scrappage policy announced by PM Modi
New Delhi, Aug 13 (UNI) Launching the long-awaited vehicle scrappage policy, Prime Minister Narendra Modi on Friday said that the scheme would fetch Rs 10,000-crore fresh investment and create thousands of jobs.
Under the Voluntary…
India’s Export trade rises by 50% in July ’21: Trade Balance declines 127%
New Delhi, Aug 13 (UNI) Led by key items such as petroleum products, gems & jewellery and engineering goods, merchandise exports in July 2021 rose 50% to US$ 35.43 billion as compared to US$ 23.64 billion in the same month last year.…
Why Do I Need to Rotate My Tires?
Virtually every vehicle manufacturer, tire manufacturer and tire dealer recommends you periodically rotate your tires so they wear evenly and last longer, but is rotation really necessary?
Many motorists apparently don’t think so, as tire…
ITC stock fails to match peers, management worries
NEW DELHI: One of the biggest conglomerates in India is worried that its share price isn’t going up. ITC (India Tobacco Company) stock has almost stagnated on the exchanges even as stocks of competing firms and benchmark indices are…
India must aim for 500-600 tech firms with Rs 5000-crore turnover, says MoS Rajeev Chandrasekhar
NEW DELHI: India’s growing technology industry has proven to be crisis resilient and a driver of country’s exports. According to the Minister of State for Ministry of Electronics and Information Technology (MeiTY), Rajeev Chandrasekhar, the…
Eicher posts profit but chip shortage likely to hit Royal Enfield production
NEW DELHI: Royal Enfield-maker Eicher Motors on Thursday reported a consolidated net profit of Rs 237.1 crore in Q1FY22 as against a net loss of Rs 55.2 crore in the year-ago quarter. The company’s consolidated total revenue from operations…
ITC chalks out USD 2 billion investment plan to fuel post-pandemic growth
NEW DELHI: Cigarettes-to-hotels major ITC Ltd is looking to invest $2 billion (around Rs. 15,000 crore) over the medium term towards setting up a few new units and up-gradation of existing facilities, said chairman and managing director…
Franklin Templeton returns Rs 21,080 cr to investors of 6 shut schemes
New Delhi: Franklin Templeton Mutual Fund has so far returned Rs 21,080 crore to the unit holders of its six shut debt funds.
In a letter to investors, Franklin Templeton Asset Management (India) Pvt Ltd President Sanjay Sapre said that…
After seven days of decline, Gold rates rise across India and Gulf
Gold price across India, Gulf and the rest of the World are on the higher side on Thursday. This, after reporting a decline through the last seven days.
According to data, rates of the yellow metal increased by a margin of Rs 265 per ten…
How to Store Your Car for Winter
The Final Detail
Thoroughly clean your car, inside and out, before storage. The last thing you want to do is put a car cover on a dirty vehicle. Give your ride a good handwash, polish up that chrome and apply a coat of wax to the paint.…
NTPC & NHPC to jointly explore development of hydropower projects outside India
New Delhi: State-run NTPC Ltd and NHPC Ltd have signed a memorandum of understanding (MoU) on August 10 for cooperation in power sector and exploring development of hydropower projects and any other mutually beneficial business opportunity…
Google plans to impose pay cuts for employees who choose to work from home permanently: Report
Employees working in Google are likely to face a pay cut if they permanently switch to working remotely, says a report by Reuters. Those living farther away are likely to be the worst hit.
The search engine giant is following in the…
Free COVID vaccination likely to revive economy, provide steady work opportunities: Report
MUMBAI: The free vaccination drive rolled out by the government is likely to create a positive impact on the job market and on the overall economy as most respondents believed that it will help them in providing a safe work ecosystem to…
Sunk ONGC barge had safety, seaworthiness certificates: MoS Petroleum Rameswar Teli
NEW DELHI: Barge Papaa-305, which sank off the Mumbai coast in May killing more than 80 onboard, had all the safety and sea worthiness certificates when it met with the accident, junior oil minister Rameswar Teli told Rajya Sabha on…
NTPC plans to raise term loans worth up to Rs 5,000 crore
NEW DELHI: State-owned NTPC on Wednesday invited proposals for raising term loans worth up to Rs 5,000 crore. The power producer has issued a Request for Proposal (RFP) for raising the amount and financial institutions can submit bids till…
POWERGRID posts Profit After Tax (PAT) of ₹ 5998 crore for Q1FY22.
Power Grid Corporation of India Limited (POWERGRID), a ‘Maharatna’ Company under Ministry
of Power, GoI, has delivered a robust quarterly performance. During Q1FY22, the Company reported
PAT of ₹ 5,998 crore and Total Income of ₹ 10,392…
