New Delhi: Realty firm Advance India Projects Ltd (AIPL) will invest around Rs 600 crore to complete a 500-acre township project at Ludhiana in Punjab that was launched by another real estate developer Ireo group more than a decade ago but got stalled due to financial problems. The company has signed a contract with Ireo…
Mumbai: Go First on Tuesday said it has been forced to seek voluntary insolvency resolution proceedings due to “serial failure” of Pratt & Whitney engines resulting in grounding of 50 per cent of the fleet and is no longer in a position to continue to meet its financial obligations. The latest move by the Wadia group-owned…
London: Sourabh Phadke, a Pune-born architect and teacher who has been named among the selected charity champions invited to attend the Coronation ceremony of King Charles III, says he is still absorbing the news and approaching it with the spirit of the unknown. The 38-year-old was chosen for his association and great success through the…
Incheon (South Korea): Finance minister Nitmala Sitharaman on Tuesday met ADB president Masatsugu Asakawa and urged the multilateral funding agency to to support India with more concessional climate finance, as the country’s economic progress can have huge positive impact regionally and globally. During the bilateral meeting with the president here, Sitharaman said India continues to…
Mumbai: The National Congress Party (NCP) chief Sharad Pawar on Tuesday announced his decision to step down as party chief. However, he won’t retire from active politics. A committee will be formed to decide who should be given the responsibility of the party chief’s post, says Pawar. As soon as the veteran leader announced his…
New Delhi: Prime Minister Narendra Modi on Monday said the highest ever monthly GST collection of Rs 1.87 lakh crore in April is a “great news” for the Indian economy. Gross Goods and Services (GST) collection in April rose 12 per cent on an annual basis to touch the all-time high level. The collection in…
New Delhi: Prime Minister Narendra Modi on Monday greeted people on the formation day of Maharashtra and Gujarat. He tweeted, “Best wishes on Maharashtra Day. The state is blessed with a great culture and hardworking people who have enriched national progress across different sectors. I pray for the continued progress of Maharashtra in the years to…
Mumbai: Pune-based draught beer maker Oi Brewing Company, which hawks its product under the label of Oi, is entering the cafe space and the first facility will come up in the tony Kalyani Nagar area of the city by October. The domestic draught beer market is nascent and concentrated in metro cities like Bengaluru, the largest…
Mumbai/New Delhi: Aviation regulator DGCA has issued a show-cause notice to Air India CEO Campbell Wilson for the airline’s lapses in reporting about the incident of a pilot allowing a female friend inside the cockpit during a Dubai-Delhi flight on February 27, according to a senior official. A show-cause notice has also been issued to…
Noida: As many as 59 companies have been allotted land in the upcoming medical device park near Noida and these firms would invest around Rs 415 crore in setting up their businesses, officials said. These investments would also create direct employment opportunities for about 5,000 people, they said. The medical device park is coming up…
