Mumbai; The Maharashtra government has signed a Memorandum of Understanding with Bajaj Finserv under which the non-banking finance company will invest Rs 5,000 crore in Pune that is expected to create 40,000 jobs, Deputy Chief Minister Devendra Fadnavis said on Saturday. After signing the MoU, Fadnavis said Pune was gradually becoming a hub for financial services…
New Delhi: Regulator Irdai on Friday directed SBI Life Insurance Company to takeover the policy liabilities of around two lakh policies along with assets of Sahara India Life Insurance Co Ltd (SILIC) with immediate effect. The decision was taken at the meeting of the Insurance Regulatory and Development Authority of India (Irdai) in view of deteriorating…
New Delhi: The country’s largest airline IndiGo will start direct flights to six new destinations in Africa and Central Asia, including to Nairobi, Tbilisi and Tashkent, this year. Embarking on “massive” international expansion plans, the carrier will connect Nairobi in Kenya and Jakarta in Indonesia, with direct flights from Mumbai in late July or early…
Kolkata: Small tea growers (STGs) have submitted a status report to the Union Commerce Ministry highlighting the issues faced by them and also sought assistance from the government to achieve scale in their operations by setting up clusters. In the status report prepared by engaging consultancy firm BDO India LLP, the apex body of STGs the…
Kolkata: Industrial and medical gas producer Ellenbarrie Industrial Gases Ltd (Ellenbarrie) has signed a contract with TATA Metaliks Ltd (TML) for the long-term supply of gas to the latter’s Kharagpur plant. Under the contract, the gas producer will provide 250 metric tonne of oxygen per day, along with nitrogen and argon, to cater to the increased…
New Delhi: Automakers led by Maruti Suzuki India, Hyundai, Mahindra & Mahindra, Toyota Kirloskar Motor on Thursday reported robust wholesales of passenger vehicles in the domestic market in May riding on strong demand for SUVs. Other manufacturers such as Tata Motors, Kia and MG Motor India also reported increase in their dispatches to dealers during…
Lahore: At least six persons of the same family were killed on Thursday in an explosion inside their house in Pakistan’s Punjab province, police said. The incident took place in the province’s Kot Addu district. Muzaffargarh District Police Officer (DPO) Syed Hasnain Haider, said that all of the deceased individuals belonged to the same family, which…
Karachi: At least two Pakistani soldiers were killed in an exchange of fire when militants attacked a security post near the country’s border with Iran on Thursday, the military said. A group of terrorists targeted the security forces’ Singwan post in Balochistan’s Kech district, but they were pushed back as soldiers responded, the military’s media…
Hyderabad: The city-based Apsuja Infratech, a leading construction company has joined forces with Simpliforge Creations, an innovative 3D printed Construction Company, to achieve a remarkable feat in architectural innovation – the creation of the world’s first 3D printed place of worship. The 3D printed temple resonates the pride of Telangana as it sets out to…
New Delhi: Manufacturing activities in India advanced further and touched a 31-month high in May supported by stronger increase in new orders and favourable market conditions, which in turn generated more employment opportunities, a monthly survey said on Thursday. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index® (PMI®) rose from 57.2 in April to…
