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Vodafone Idea secures $1 billion in equity in ‘soft commitment’ from investors

Mar 12, 2024

New Delhi, March 12 (IANS) Facing a cash crunch, Vodafone Idea has secured an equity commitment of $1 billion (around Rs 8,300 crore) from investors.The telecom company received a "soft commitment" from investors which also includes funds committed from promoters as well, according to people aware of the development.The company aims to use the…

FIITJEE reportedly holds portion of employees’ salaries for two months

Mar 12, 2024

New Delhi, March 12 (IANS) Leading education institution FIITJEE has reportedly withheld a portion of employees' salaries for the second consecutive month amid growing competition and stagnant growth of its coaching centres across the…

Business

Centre approves Rs 224 crore outlay for J&K’s Shopian bypass

Mar 12, 2024

New Delhi, March 12 (IANS) Union Minister for Road Transport & Highways Nitin Gadkari announced on Tuesday that an allocation of Rs 224.44 crore has been sanctioned for the construction of the Shopian Bypass on National Highway-444 in…

Business

Indian economy continues to show resilience to external risks: UBS

Mar 12, 2024

New Delhi, March 12 (IANS) The Indian economy has been in a sweet spot lately, with manageable macro risks, global brokerage, UBS said. “We forecast another year of strong growth for India, at 7 per cent in FY25,” it said.Historically,…

Business

Centre approves Rs 1,347 crore package for highway projects in Andhra Pradesh

Mar 12, 2024

New Delhi, March 12 (IANS) Union Minister for Road Transport & Highways Nitin Gadkari said on Tuesday that an allocation of Rs 1,346.81 crore has been approved for the 4-laning of National Highway-716 section that runs from the Tamil…

Business

Centre sanctions Rs 6,621 crore for 265 km Frontier Highway in Arunachal Pradesh

Mar 12, 2024

New Delhi, March 12 (IANS) Union Minister for Road Transport & Highways Nitin Gadkari said on Tuesday that an allocation of Rs 6621.62 crore has been sanctioned for the construction of eight packages on National Highway-913, designated…

Business

iQOO launches new smartphone under its Z series in India

Mar 12, 2024

New Delhi, March 12 (IANS) Global smartphone brand iQOO on Tuesday launched a new smartphone under its Z series portfolio -- Z9, in India. The smartphone comes in two colour variants -- Brushed Green and Graphene Blue. It will be available…

Business

Women make a foray in Lucknow’s liquor business

Mar 12, 2024

Lucknow, March 12 (IANS) In a surprise development, as many as 370 out of 1,046 liquor shops in Lucknow have been allotted to women entrepreneurs in the new fiscal year. From April 1, the women shop owners will take over the reins of more…

Business

Small cap stocks down 7.8 pc from the peak

Mar 12, 2024

New Delhi, March 12 (IANS) Small cap stocks continue to sink on regulator warnings about froth building up. BSE Small Cap index is down almost 2 per cent on Tuesday even as the benchmark Sensex is up 0.31 per cent.There can be redemptions…

Business

65 pc SHG members turn into Lakhpati Didis as incomes triple: SBI report

Mar 12, 2024

New Delhi, March 12 (IANS) The Women’s Self-Help Group (SHG) schemes are turning out to be a huge success in the rural areas resulting in a tripling of incomes with 65 per cent SHG members turning into Lakhpati Didis nationwide, according…

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