India has started exporting the premium aromatic rice, basmati, to Iran directly following the new payment mechanism, which allows importers from Iran to make payment in Indian rupee, an industry body said today. “We have started exporting basmati to Iran directly from April 1 this fiscal as the Iranian traders have agreed to make payments in Indian...
The Karnataka government would soon introduce new policies to attract more investments in aerospace and pharmaceutical industries in the state, a senior official said today. “We want to provide some way of policy support. We are talking of pharma policy and aerospace policy…They are on the anvil…,” Industrial Development Commissioner, Government of Karnataka, M...
Bharti Airtel plans to launch its 4G services in Bangalore within 30 days, an executive said, after the country’s largest mobile phone carrier launched the service in Kolkata earlier on Tuesday. In 2010, Airtel had successfully bid for BWA license spectrum in Kolkata, Karnataka, Punjab and Maharashtra (excluding Mumbai) circles. It is currently working...
India has dragged the US to the WTO challenging the visa fee hike which discriminates against the Indian software companies sending professionals to the US on short-term contracts. ”Yes, we have sought consultations with the US on the issue,” a senior Commerce Ministry official said. “India is taking up consultations on this issue and hopes...
Strengthening its connectivity in the southern and western region, no-frills carrier IndiGo said it would launch new flights between Bangalore, Mumbai and Chennai from tomorrow. Indigo would launch two new flights on Bangalore, Mumbai-Bangalore and operate five trips daily along the route. Additionally, it would operate a third daily and direct flight between Mumbai and Chennai,...
BGR Energy today said it has secured an order worth Rs 1,855 crore from National Thermal Power Corporation (NTPC) for supply of two super-critical boilers that marks its foray into high-end power equipment space. “BGR Energy has received ‘Letter of Award’ from NTPC for supply of 2×660 MW super-critical boilers to be set up...
Japan’s Sony Corp is to cut 10,000 jobs, about 6 percent of its workforce, the Nikkei newspaper reported on Monday, as new CEO Kazuo Hirai looks to steer the electronics and entertainment giant back to profit after four years in the red. The job cuts would be the latest downsizing in Japan Inc where...
The Ghaziabad Development Authority (GDA) has drawn an ambitious project to extend the Dilshad Garden-Rithala Delhi Metro link to New Bus Stand here in Uttar Pradesh. The 9.41-km stretch is estimated to cost about Rs.1,591 crore, officials said. The Akhilesh Yadav government reviewed the proposal in its entirety at a marathon presentation submitted by GDA vice chairman...
The ambitious project of Union Railways of Diesel Multiple Unit (DMU) factory at Haldia is likely to be commissioned by the end of November this year. The unit will be spread over 42.5 acres of land, according to Railway sources. At a high level meeting in Kolkata the Railway Minister Mukul Roy reviewed the progress...