Karnataka govt releases Rs 200 crore for rain relief, rehabilitation

As torrential rains continue to batter many parts of Karnataka on Saturday, the State government released Rs 200 crore to take up relief and rehabilitation operations, even as Chief Minister Basavaraj Bommai instructed constitution of two more State Disaster Response Force (SDRF) contingents. The Chief Minister, who has tested COVID-19 positive, held … Read more

Karnataka government clears 18 investment proposals worth Rs 34,432 crore

The state high-level clearance committee (SHLCC) chaired by chief minister Basavaraj Bommai on Friday cleared 18 investment proposals worth Rs 34,432 crore with a potential to add 48,850 jobs. Of these eight are new projects while 10 are about additional investments. Some of the major proposals cleared are: Trualt Bioenergy’s ethanol plant of 2000 kilo-litres … Read more

Gold, electronic goods worth Rs 3.09 crore seized at Chennai airport

Over six kilograms of gold and electronic goods worth Rs 3.09 crore were seized in multiple incidents at the airport here in the last two days, the Customs department said on Friday. The air intelligence wing of the department recovered gold in paste form and two gold chains concealed in the pant … Read more

Southern Railway saves around Rs 55 crore by tapping solar, wind power

The Southern Railway on Friday said it has managed to save Rs 54.99 crore by harnessing alternate sources of energy in its bid to reduce carbon footprint. With a generation of 91.56 million units of wind power that lead to cumulative savings of Rs 48.54 crore, Southern Railway said through solar energy … Read more

cdsl demat: CDSL becomes first depository to have 7 crore active demat accounts

India’s first and only listed depository on Thursday announced that it has crossed the milestone of having more than seven crore active demat accounts. CDSL is currently the largest depository in the country in terms of active demat accounts. “We are delighted to see that investors across various states and union territories are now contributing … Read more

Chhattisgarh gets investment proposals worth more than Rs 90,000 crore

Mineral-rich Chhattisgarh has received, as part of its industrial policy, investment proposals worth more than Rs 90,000 crore in the past three and a half years. A spokesperson for the Chhattisgarh commerce and industries department said during this period, 178 deals had been inked for setting up units in … Read more

Kerala man wins Rs 1 crore lottery hours before selling house out of debt

While being burdened by a major financial crisis, Mohammed Bava, 50, prayed for a little luck in his life and it came true. The Almighty answered his prayers in the form of a Rs 1 crore Kerala lottery, that too, just two hours before accepting the token advance for his newly-built house … Read more

Bajaj Auto Q1 Results: Profit rises 11% YoY to Rs 1,173 crore, beats estimates

NEW DELHI: Bajaj Auto on Tuesday reported an 11 per cent year-on-year (YoY) rise in standalone net profit at Rs 1,173 crore for the June quarter compared with Rs 1,061 crore in the year-ago quarter. Revenues from operations rose 8 per cent YoY to Rs 8,005 crore for the June quarter compared with Rs 7,386 … Read more