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Business
Coal Ministry launches India’s first ever pilot project for underground coal...
24 Jun 2024 8:54 AM GMT
New Delhi, June 24: Coal India subsidiary Eastern Coalfields Limited (ECL) has embarked on an innovative pilot project for Underground Coal Gasification (UCG) at the Kasta coal block in Jharkhand’s Jamtara district as part of a strategic initiative launched by the Ministry of Coal, according to an...
Business
Sony Pictures Networks India appoints Gaurav Banerjee as MD & CEO
24 Jun 2024 8:51 AM GMT
Mumbai, June 24: Sony Pictures Networks India (SPNI) on Monday announced the appointment of Gaurav Banerjee as the new Managing Director and Chief Executive Officer (CEO), effective on or before August 26 pending regulatory approvals. Banerjee succeeds NP Singh, who stepped down after 25 years and...
Business
Noida International Airport expects to start commercial ops by April 2025
24 Jun 2024 8:50 AM GMT
Noida, June 24: Construction and development work at Noida International Airport is at an advanced stage and the management expects to begin commercial operations by the end of April 2025. “Work on the runway, the passenger terminal and the control tower, is well advanced. We continue to pass...
Business
Govt imposes stock limits on traders to keep prices of pulses in check
22 Jun 2024 7:47 AM GMT
New Delhi, June 21: The Centre has issued an order imposing stock limits for pulses that can be stored by wholesalers, retailers, big chain retailers, millers, and importers to prevent hoarding and keep prices in check. The order, which kicks in with immediate effect, prescribes stock limits for tur...
Business
India's youth greatest asset, time to build human capital for robust growth: HUL...
22 Jun 2024 7:42 AM GMT
New Delhi, June 22: India, which is the fastest-growing economy, can further fuel its growth journey if the leading enterprises and companies collaborate with the government to build a robust human capital, according to Hindustan Unilever Limited (HUL) chairman, Nitin Paranjpe.According to him,...
Business
Atal Pension Yojana adds record 12.2 million new members in 2023-24
22 Jun 2024 7:40 AM GMT
New Delhi, June 22: A record 12.2 million new accounts were opened in the Atal Pension Yojana (APY) during 2023-24 taking the total enrolments to 66.2 million under the government’s social security scheme, according to figures compiled by the Pension Fund Regulatory and Authority (PFRDA).According...
Business
FMCG sales growth in rural areas to outstrip urban markets: Report
22 Jun 2024 7:36 AM GMT
New Delhi, June 22: Rural India has bounced back as a buyer of fast-moving consumer goods (FMCG) such as soaps and soft drinks and sales of these goods are expected to expand at a faster pace than urban areas in the second quarter of 2024, according to a report by consulting firm Kantar. The report...
Business
Centre approves Rs 13,595 crore to evacuate green energy from Rajasthan,...
22 Jun 2024 7:32 AM GMT
New Delhi, June 22: Central government has approved two new Inter State Transmission System (ISTS) schemes to evacuate 9 GW of renewable energy from Rajasthan and Karnataka with an investment of Rs 13,595 crore, the Ministry of Power said on Saturday. These schemes will be implemented through Tariff...
Business
Rs 3,500cr worth of illicit goods seized by DRI in FY23-24: Official
21 Jun 2024 7:19 AM GMT
New Delhi, June 21: Mohan Kumar Singh, Principal Director General of the Directorate of Revenue Intelligence (DRI), said that illicit trade through smuggling and counterfeiting poses an immense threat and impacts legitimate economic activities resulting in government revenue losses and fuelling of...
Business
IndiGo ties up with Garuda to train fresh pilots
21 Jun 2024 7:16 AM GMT
New Delhi, June 20: Leading low cost carrier IndiGo has partnered with Garuda Aviation Academy to train fresh pilots as future junior first officers, under the airline's Cadet Pilot Program. This is the eighth partnership for cadet pilot program by IndiGo in the last 13 years, the airline said on...
Business
Japan’s Takeda allows Sun Pharma, Cipla to market gastro drug in India
21 Jun 2024 7:14 AM GMT
Mumbai, June 21: Japan's Takeda Pharmaceutical gave India's Sun Pharmaceutical and Cipla the rights to commercialise the gastrointestinal drug Vonoprazan in the country. The drug, which is sold in the form of tablets under the brand name 'Voltapraz', blocks a key step in the production of stomach...
Business
Asset right growth strategy boosts Storii by ITC Hotels on a high growth...
21 Jun 2024 7:13 AM GMT
New Delhi, June 21: Strengthening the presence of Brand Storii, ITC’s Hotel Group has announced the signing of two Storii resorts in Rajasthan. With these signings, the chain’s portfolio of managed properties continues its high growth trajectory through the asset right strategy.Expected to open in...
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