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Department of Telecom (DoT) has created an investment facilitation centre for a sector which is under severe financial stress with debt of nearly Rs5 lakh crore and falling returns. According to a notice on the department’s website Tuesday, K.K. Sahara, Director (IP) and Manish Shukla, ADET (IP), will be in charge of the cell.This move […]

Flipkart has undertaken a pilot programme in Bengaluru, aiming to foray into grocery segment and may expand it to other places across the country, a senior official said here today. The homegrown e-commerce player plans to launch the grocery service shortly, Anil Goteti head of marketplace, Flipkart told reporters without giving any timeframe for the […]

To tide over shortages and the resultant price rise, the Centre has approved four irradiation projects under the integrated cold chain scheme to preserve fruits & vegetables, including onions, potatoes and tomatoes. Approved projects are in Uttar Pradesh, Haryana, Karnataka and Rajasthan.Furnishing this information to the Lok Sabha in a written reply, Food Processing Minister […]

Mizoram’s Solar Power Project Approval Committee (SPPAC) has approved the proposal to set up a 20 MW solar park at Mizoram. The project will be implemented by the state power and electricity department and Zoram Energy Development Agency (ZEDA).

International Finance Corporation (IFC), a World Bank Group member, is planning to invest up to $6 billion in India over the next five years to support initiatives in renewable energy and green buildings, said a top official of the institution. “We have already invested over $2 billion in green buildings initiatives in India since 2005. […]

Alkem Laboratories on Friday said the US health regulator has not issued any `observation’ post inspection of its Taloja facility in Maharashtra. “United States Food and Drug Administration (USFDA) had conducted an inspection at the company’s bioequivalence facility located at Taloja from July 10 to July 14, 2017“, Alkem Laboratories said in a filing to […]

KKR, one of the largest PE investors in the world, signed a definitive agreement on Monday to invest $200 million for a 49% stake in Radiant Life Care. ET was the first to report the deal on June 2. Radiant Life Care, which runs two hospitals in New Delhi and Mumbai, is looking at consolidating […]

Petronet LNG Ltd. sees a lifeline arriving for its loss-making Kochi liquefied natural gas import terminal by 2019 after it boosts capacity use fourfold. The only LNG terminal in southern India is operating at about 10 percent of its 5 million-ton-a-year capacity, according to Finance Director R.K. Garg. Capacity use may increase to 2 million […]

While ONGC is on the verge of acquiring the government’s 51.11% stake in oil retailer Hindustan Petroleum Corporation (HPCL), the government has lined up two more such big mergers under a grand plan to create three oil PSUs with integrated operations. Indian Oil Corporation (IOC), the country’s largest company by revenue, is likely to acquire […]