New Delhi: Adani group will spend Rs 7 lakh crore in capital expenditure over the next 10 years and its billionaire chairman Gautam Adani has shared some details of the plans which will further consolidate the conglomerate’s position as infrastructure leader in India. Adani in posts on X, formerly Twitter, has over the last few days…
New Delhi/Bhubaneswar: The cash seizure in the income-tax department’s searches against an Odisha-based distillery company has become the “highest-ever” such haul in a single action conducted by any probe agency in the country and gone past Rs 300 crore, official sources said on Sunday. The marathon raids against Boudh Distillery Private Limited, its promoters and others…
New Delhi: The government will issue a tranche of sovereign gold bonds (SGBs) this month, and one more in February. The date for subscription for 2023-24 Series III is December 18-22, 2023, while for Series IV is scheduled for February 12-16, a finance ministry statement said Friday. The Series I was open for subscription during June…
New Delhi: The Karnataka government on Friday said it is encouraging companies to participate in the ongoing auction of several mines, including strategic blocks, in the state. Speaking at a conference on ‘Enhancing Exploration and Shaping Sustainable Supply Chain’ in Bengaluru, Deputy Director of Mines, Department of Mines and Geology, Karnataka, Harish H P, said the manufacturing…
Bhubaneswar: “Unaccounted” cash amounting to around Rs 250 crore is expected to be recovered through searches being conducted by the income-tax department against a Odisha-based distillery group and entities linked to it, official sources said on Friday. The raids launched against Boudh Distillery Private Limited on Wednesday are still continuing and cash amounting to more…
Mumbai: Governor Shaktikanta Das on Friday ruled out loosening interest rates, saying inflation remains top priority as a few months of good data should not lead to complacency, even as the Reserve Bank kept key policy rates unchanged for the fifth consecutive time. The six-member monetary policy committee of the Reserve Bank of India voted…
Mumbai: The Reserve Bank of India on Friday decided to keep the policy rate unchanged at 6.5 per cent for the fifth time in a row as it maintains a tight vigil on inflation. The rate increase cycle was paused in April after six consecutive rate hikes, aggregating to 250 basis points since May 2022. Announcing…
New Delhi: Finance Minister Nirmala Sitharaman on Thursday said the budget to be presented on February 1, 2024 would not have any “spectacular announcement” as it would be a vote on account in run up to the general elections. “It is a matter of truth that February 1, 2024 budget that will be announced will…
New Delhi: Veteran industrialist and former Tata Group Chairman Ratan Tata on Wednesday issued a “fake” alert for misusing his name on social media to “exaggerate investment” with risk-free and 100 per cent guarantee. In a post on Instagram, Tata called out a post from a user by the name of Sona Agrawal that used…
New Delhi: Saudi Arabia has rolled out a series of “transformative” measures like improving visa processing, accessibility and logistical support to ensure a more enriching experience for Indian pilgrims undertaking the journey to Mecca, Saudi Minister of Hajj and Umrah Tawfig bin Fawzan Al-Rabiah said on Wednesday. In an interview to PTI, Al-Rabiah said the initiatives…
