Category: Corporate

This comes after oil prices soared to multi-year highs amid the Russia-Ukraine conflict, stoking fears of hyper-inflation and sluggish growth. The rupee could plummet to an all-time low of Rs 80 per dollar mark if the Russia-Ukraine war continues to escalate, according to an Economic Times report. Market trackers have claimed both sensex and nifty may gyrate in volatility if the ongoing crisis between Moscow and Kyiv continues to linger. stoking fears of hyper-inflation and sluggish growth. A sharp drop in the rupee, which tumbled to an all-time low against…

A car certified by True Value is evaluated under 376 quality check-points which include checking the Engine, Suspension, etc., along with a verified car history. Maruti Suzuki True Value recently completed 20 years in the business of pre-owned cars. In the course of these years, True Value has reportedly sold more than 4.3 million cars, which is the highest by any company in the business. The company currently boasts one of the widest network comprising of 545 outlets in 267 cities which has been instrumental in achieving this feat. Before…

Navratna Defence PSU, Bharat Electronics (BEL) has paid the Interim Dividend of 150% on its paid-up capital to the Government of India for the financial year 2021-22. Anandi Ramalingam, Chairman & Managing Director – Additional Charge, BEL, presented the Interim Dividend cheque of Rs. 186, 89, 60,967/- (Rupees One Hundred Eighty-six Crores Eighty-Nine Lacs Sixty Thousand Nine Hundred Sixty-seven only), payable on the shares held by the President of India, to the Hon’ble Raksha Mantri, Rajnath Singh, in New Delhi on February 28, 2022. BEL has declared 150% percent as Interim Dividend (Rs. 1.50/- per share) to…

India’s export of electronic goods rose by almost 88% from USD 6600 Million in 2013-14 to USD 12,400 Million in 2021-22. Mobile phones, IT hardware (laptops, tablets), consumer electronics (TV and audio), industrial electronics and auto electronics are key exports in this sector. The National Policy on Electronics 2019 (NPE 2019) aims to position India as a global hub for Electronics System Design and Manufacturing (ESDM) by encouraging and driving capabilities in the country for developing core components and creating an enabling environment for the industry to compete globally. Four…

Union Minister Nitin Gadkari has announced on Tuesday that the government has sanctioned four road infrastructure projects worth Rs 4,518.04 crore, including two highways under the Bharatmala project. The approved projects include the construction, widening and upgradation of national highways in Assam, Telangana, Karnataka, and Andhra Pradesh. In a social media post, the minister of road transport and highways said that the four-laning of NH-71 from Madanapalle to Pileru in Chittoor district of Andhra Pradesh under Bharatmala Pariyojna has been sanctioned with a budget of Rs 1,852.12 crore. Gadkari had met Andhra Pradesh Chief…

Skye Air, a Drone Delivery tech firm and the Department of Information Technology, Govt. of Himachal Pradesh have signed a Memorandum of Understanding (MoU). The partnership will see them collaborating to enable and promote medical and agri-commodity deliveries within the state. As a part of the strategic partnership, Skye Air has initiated a 3-day long BVLOS trial in the Chamba district of Himachal Pradesh to connect over 6 PHC/CHCs and the Area Hospitals via multiple flights between points covering an aerial distance of 170 kms throughout the trial. The Drone…

Ilker Ayci was the chairman of Turkish Airlines and he was on the board of the company prior to that. Tata Sons on Monday said former chairman of Turkish Airlines Ilker Ayci has been appointed the CEO and MD of Air India. The Air India board met on Monday afternoon to consider the candidature of Ayci, with Tata Sons Chairman N Chandrasekaran as a special invitee, and approve his appointment, subject to requisite regulatory approvals, Tata Sons said in a statement. Ilker Ayci was the chairman of Turkish Airlines and he…

PTC has constituted a three-member High-Level Technical Advisory Committee (TAC). The committee would guide the company in formulating and implementing new products and initiatives for the Indian power sector. It is business-critical to include expert viewpoints with diverse perspectives, and this expert committee will guide the company and ensure the development of robust and innovative products/ solutions. S. K. Soonee (former founder CEO, POSOCO) and Rajeev Sharma (former CMD, PFC) have joined the said committee of PTC; the third member is also expected to join soon. Both the said committee members are…

RailTel, a Miniratna Central Government PSU under the Ministry of Railways has been awarded the ICAI Award for Excellence in Financial Reporting for the year 2020-21 in the Public Sector Entities Category. The company has been adjudged as the winner in the category “plaque”. Institute of Chartered Accountants of India (ICAI), a premier accounting body has been holding the annual competition for these awards since 1958. Union Minister of State (Independent Charge) Science & Technology; Minister of State (Independent Charge) Earth Sciences; MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy…

CRC Group, one of the real estate developers in Noida, has announced a Corporate Social Responsibilityprogramme ‘Spirit of Noida’ today at Radisson Blu MBD Hotel, Noida. The programme under which various activities will be carried out to uplift society’s downtrodden and underprivileged. The Group informed that it will focus on activities in the fields of education and healthcare apart from various other events. “At CRC, we have been involved in infrastructural development; however, we have always believed that it is not about developing buildings only but communities. Through the ‘Spirit…