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Delhi pollution: 140 air purifiers bought for PM Narendra Modi's office

Delhi pollution: 140 air purifiers bought for PM Narendra Modi's office

As pollution choked India's capital Delhi in recent years, a total of 140 air purifiers were purchased for Prime Minister Narendra Modi's offices and at least six other government agencies, according to previously unpublished government data.

The purchases came as Modi faced criticism for not taking effective steps to improve air quality in Delhi, one of the world's most polluted cities.

New 2018 Maruti Suzuki Ertiga MPV spied again: Upcoming Mahindra U321 rival launch expected in August

New 2018 Maruti Suzuki Ertiga MPV spied again: Upcoming Mahindra U321 rival launch expected in August

Maruti Suzuki is testing the new 2018 Ertiga MPV for quite a long time now. The test mule of the car has been snapped testing one more time in recent by folks at Thrust Zone. There have been reports on the internet suggesting that the new 2018 Maruti Ertiga will be launched sometime in August 2018. The popular Maruti MPV was launched in India for the first time back in 2012 and it received a mid-life update in 2015. There were hopes from the Indian carmaker that it will showcase the new Ertiga at Auto Expo 2018 but sadly, that did not happen.

Tata Motors to hike PV prices by up to Rs 60,000 from April 1

Tata Motors to hike PV prices by up to Rs 60,000 from April 1

New Delhi: Tata Motors on Monday said it would hike prices of its passenger vehicles (PV) by up to Rs 60,000 from April 1 to offset rising input costs.

The company sells a range of passenger vehicles beginning with Gen X Nano at a starting price of Rs 2.28 lakh to premium SUV Hexa with price going up to Rs 17.42 lakh (ex-showroom Delhi).

Split view on Essar Steel resolution

Split view on Essar Steel resolution

New Delhi: Bankers are holding divergent views on the way forward for beleaguered Essar Steel, which is up for auction.

While a section of bankers feels the bids of ArcelorMittal and Numetal Mauritius should be scrapped and fresh applications sought, the other camp is of the view that both the bids should be evaluated after advisories to both the aspirants on certain technical issues.

Rupee weakens for fourth session against US dollar

Rupee weakens for fourth session against US dollar

Mumbai: The Indian rupee on Tuesday weakened for the fourth consecutive session against the US dollar after local equity markets fell for the fifth session.

The rupee opened at 65.24 a dollar and touched a low of 65.24. At 9.15am, the home currency was trading at 65.21 a dollar, down 0.07% from its Monday’s close of 65.18.

No new bank guarantee from Axis Bank to be accepted, orders DoT

No new bank guarantee from Axis Bank to be accepted, orders DoT

New Delhi: The department of telecommunications has written to all telecom and Internet service providers that it will not accept any bank guarantees by Axis Bank after the lender failed to invoke a bank guarantee issued by it on behalf of Aircel.

“Axis Bank has failed to invoke a bank guarantee issued by them on behalf of Aircel group of companies. This action by Axis Bank is a serious breach of trust and contract with the government of India.

IRCTC ties up with Ola for booking cabs on its website, app

IRCTC ties up with Ola for booking cabs on its website, app

New Delhi: With an aim to providing first-and-last-mile connectivity, railway public sector undertaking (PSU) Indian Railway Catering and Tourism Corporation (IRCTC) on Monday announced a partnership with cab aggregator Ola, giving commuters an option book taxi on its app.

The tie-up, a six month pilot project, will give customers access to Ola booking services when they visit the IRCTC Rail Connect App and on its website, the IRCTC said in a statement.

Binani gets ‘comfort’ letter from UltraTech

Binani gets ‘comfort’ letter from UltraTech

UltraTech Cement on Monday said its board had approved a comfort letter for an amount of Rs 7,266 crore to be given to promoters of Binani Cement signifying its intent to buy a 98.47% stake in the company.

The purchase can go through either if insolvency proceedings, under the purview of the IBC (Insolvency and Bankruptcy Code), against Binani Cement are terminated or the National Company Law Tribunal (NCLT) permits Ultratech’s revised bid to be considered.

Amazon has warrants in BPO servicing rivals

Amazon has warrants in BPO servicing rivals

BENGALURU: Amazon Inc owns warrants that allow it to pick a stake in an American business process outsourcing company that will also provide customer services to its Indian rivals Flipkart and Paytm, following the merger last week of the New York Stock Exchange-listed Startek with India’s Aegis Global.

Sebi exempts govt from open offers for six PSBs post capital infusion

Sebi exempts govt from open offers for six PSBs post capital infusion

Markets regulator Sebi today exempted the central government from making an open offer for the shareholders of Punjab National Bank, Canara Bank and four other state-owned lenders following capital infusion.

The exemption has been given with regard to Syndicate Bank, Vijaya Bank, Bank of Baroda and Union Bank of India also.

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