TIT Correspondent info@impressivetimes.com NEW DEKHI, 17 JUNE : Union Minister for Railways, Electronics & IT, and Information & Broadcasting, Ashwini Vaishnaw, on Tuesday inaugurated India’s largest Gati Shakti Multi-Modal Cargo Terminal (GCT) for automobiles at Maruti Suzuki India Limited’s Manesar facility. The newly launched GCT is a major step forward in enhancing the logistics infrastructure…
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New Delhi – Shares of retailer Vishal Mega Mart Ltd. sank over seven percent in early trade as reports suggested Samayat Services LLP, a promoter entity of Vishal Mega Mart, offloaded a stake worth Rs 10,488 crore in a block deal, according to multiple industry sources. Around 91 crore shares or 20.2 percent equity in…
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New Delhi –India’s G20 Sherpa Amitabh Kant on June 16 announced that he is stepping down from his role, ending a 45-year career in public service. The former Niti Aayog CEO thanked Prime Minister Narendra Modi, finance minister Nirmala Sitharaman and others, saying it’s time for him to “embrace new opportunities”. Kant, a retired 1980-batch…
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New Delhi – IPO-bound e-commerce startup Meesho is set to pay $288 million, or Rs 2,461 crore, in taxes to move its headquarters out from Delaware in the US to India, sources told Moneycontrol. Meesho’s tax bill is among the largest for a startup in recent times, after PhonePe’s hefty $1 billion outgo. Moneycontrol was first…
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MUMBAI – Mumbai-based Waterways Leisure Tourism that operates business under Cordelia Cruises brand plans to tap capital markets as it has filed preliminary papers with the SEBI to raise up to Rs 727 crore via initial public offering (IPO). The IPO will consist of solely fresh issue with no offer-for-sale component. Hence, the entire issue…
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New Delhi –Broader indices ended mixed in a volatile week, with the BSE Large- and Mid-Cap indices each slipping 1 percent. However, the Small-Cap index closed flat. The BSE Sensex declined 1,070.39 points, or 1.3 percent, to settle at 81,118.60, while the Nifty50 shed 284.45 points, or 1.13 percent, ending the week at 24,718.60. Foreign…
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Mumbai, June 14 – Crompton Greaves Consumer Electricals Ltd has bagged its largest-ever order in the solar water pump sector, receiving a Letter of Award (LoA) worth over ₹101 crore (excluding GST) from the Maharashtra Energy Development Agency (MEDA). The order falls under Component B of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan…
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Mumbai, June 13 – The Indian rupee witnessed a sharp decline on Friday, depreciating by 48 paise to close at 86.08 against the US dollar, amid heightened geopolitical tensions and adverse market conditions. The slide was primarily attributed to a spike in global crude oil prices and a stronger US dollar, triggered by fresh Israeli strikes…
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Hyderabad, June 12 – Flipkart, India’s leading homegrown e-commerce marketplace, in collaboration with the Government of Telangana, organized a workshop in Hyderabad on Thursday to equip MeeSeva representatives with essential e-commerce skills. The initiative aims to facilitate market access for local businesses by integrating e-commerce services into the MeeSeva framework. The workshop was held in…
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Hyderabad, June 11 – Zoom Communications has announced the successful rollout of its Zoom Phone service across six major telecom circles in India, marking a significant step in its ongoing expansion. Following its earlier launches in Maharashtra and Tamil Nadu, the service is now live in four more circles — Delhi NCR, Mumbai, Karnataka (Bengaluru),…
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