Construction major Ahluwalia Contracts said it has won a Rs 539 cr order from the government of India-controlled NBCC for the redevelopment of the iconic Charbagh Railway station in Lucknow. With this, said the company, the total inflow of orders in the seven months of...
Sanjay Kumar
ND Tiwari passes at 92
ND Tiwari, the veteran Congress leader from Uttar Pradesh, has passed away at age 92. He has been the chief minister of Uttar Pradesh thrice. He was also the chief minister of Uttarakhand. Tiwari has been surrounded by scandals, especially in his later years. He...
Maharashtra prepares mega Dharavi redevelopment plan
The Maharashtra cabinet has today given approval for the redevelopment of Asia’s largest slum, Dharavi, at a cost of around Rs 20,000 cr. The latest plan involves the creation of 70,000 flats over an area of 200 acres, including 50 acres that has to be...
TVS Motor unveils Jupiter Grande at Rs 56,000
TVS Motor Company has introduced yet another version to its successful Jupiter line of scooters. Jupiter Grande, priced at Rs 56,000 ex-showroom in Delhi, has a few functional extras like an LED front-lamp that saves power and fuel, adjustable mono-shock suspension at the back and...
Eight years later, Maruti Suzuki Eeco cross 5 lakh sales
Maruti Suzuki Eeco, India’s largest selling affordable utility vehicle, has crossed the 5 lakh sales milestone, nearly eight years after it was introduced. The ‘van’ was brought in as a bigger, safer and stronger alternative to the relatively successful Omni. However, Eeco failed to match...
Air India approves redevelopment of staff colony in Delhi
NBCC India, a state-owned construction company, said it has been given ‘in principle’ approval by Air India to redevelop the airline’s staff quarters in Delhi. The permission has been given to redevelop two plots of lands — a 30-acre plot in Vasant Vihar in South...
Syngene COO steps down to explore “startup opportunity”
Syngene International Ltd, the contract research unit of Biocon, announced the resignation of its chief operating officer Manoj Nerurkar. It said Nerurkar, who has been with the COO of the company for nine years, will step down to an advisory role from October to pursue...
Toll collection resumes at Airoli & Mulund after 1 month gap
Residents of Thane will have to shell out more for driving to Mumbai and Navi Mumbai from today after the operator of the Airoli and Mulund toll plazas restarted toll collection. Collection of toll at the two centers was suspended on Aug 21 for cars,...
Infosys to open 1000-employee center in Arizona
Infosys said it will open a ‘Technology and Innovation Hub’ in the US state of Arizona and hire 1,000 American workers in the state by 2023. Infosys said it has hired 5,874 American workers in the last 16 months. Arizona center will focus on autonomous technologies, Internet...
HCL to recruit over 1,000 finance graduates in Vijayawada
HCL SSHS, a joint venture between HCL Technologies and US-based State Street Corporation, said it plans to recruit over 1,000 graduates and post-graduates in commerce, accountancy and finance for its new office in Ganavaram, Vijayawada. The new office has been set up at Medha Tech Park and...
L&T Tech Svcs buys Bangalore-based Graphene Semiconductor Services
Engineering outsourcing company L&T Technology Services said it has agreed to acquire 100% of Bangalore-based semiconductor services firm Graphene for an undisclosed amount. The all-cash transaction is expected to be complete by October, it said. Graphene Semiconductor Services Private Limited is one of the fastest...
Power plants import less coal this year- ministry
The coal ministry said that there has been a 14% decline in the import of thermal coal by power plants in India in April-June, contrary to reports that the country’s import of thermal coal — used to drive steam turbines — increased during the three...
Kerala Floods: SpiceJet starts 18 new flights to the state
SpiceJet, one of India’s largest airlines, said it has started 18 new temporary flights to help deal with the cancellations of flights to and from Kerala due to the ongoing flights. Some of these flights were operational only today, while some will be there for...
India Ratings gives AAA rating to Motherson Sumi
Credit rating agency India Ratings and Research has awarded its top AAA rating to Motherson Sumi Systems, the auto components manufacturer said. Ind-Ra, a unit of global rating agency Fitch, took into consideration the company’s strong trackrecord and diversified client-based to issue the rating. “MSSL’s...
PVR opens 4-seat multiplex at Phoenix United Mall in Bareilly
PVR Cinemas said it has opened its 137th multiplex at Phoenix United Mall in Bareilly, Uttar Pradesh. With this, said India’s largest cinema exhibitor, it now has 13 multiplexes in Uttar Pradesh. The company has also increased the total multiplexes in North India to 49. The...
Construction on Central Yoga institute stuck for 8 years
Construction on Central Research Institute of Yoga and Naturopathy near Bhubaneswar in Orissa has been stuck for several years due to opposition from villagers surrounding the project, the AYUSH ministry said today. The institute, which would carry out research in Yoga and naturopathy as well as...
No plan for AIIMS in Kerala – Nadda
The central government has denied that it has promised to set up an AIIMS (All India Institute of Medical Sciences) in Kerala, the country’s most lucrative medical market. Asked whether the Government in 2015 had promised to set up an All India Institute of Medical...
India spot power price increases 39% YoY in July
Both the price and demand for spot power increased in India in July this year compared to the same month of 2017, but were down from June due to the arrival of monsoon, India’s largest power exchange said. The average price of power sold via...
Eros forms JV with Baahubali writer V Vijayendra Prasad
Eros International Media, one of India’s leading content producers, said it has formed a joint venture company with V Vijayendra Prasad, the writer of popular movies like Baahubali, Magadheera and Bajrangi Bhaijaan. Eros International said Prasad has already penned down 10 stories that will be...
Maruti Suzuki recalls Swift, Dzire cars made between May & July
Maruti Suzuki, India’s largest carmaker, said it will recall 1,279 units of new Swift and new Dzire cars to check for a defect in the airbag system. These vehicles were manufactured between 7th May 2018 and 5th July 2018, the company added. The suspected defect is...