Millennium Post Business News
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Business Govt allows SAIL to offload 25% iron ore output in open market
PTI New Delhi: The mines ministry on Tuesday said it has allowed state-owned SAIL to offload up to 25 per cent of total iron ore produced in the previous year through open market. However, it will be subject to clearance from the respective state governments, where the mines are located, after following due procedure. It is valid for a period of 2 years, the ministry said in a...
- 7 hrs ago
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Business Apple is coming to India in a big way: Ravi Shankar Prasad
PTI New Delhi: Law and IT Minister Ravi Shankar Prasad said all electronics companies are bullish on the Indian market and iPhone maker Apple is going to come in the country with big business plans. Prasad said that during his regime, mobile factories in India has increased from 2 to 268, including component makers for the handsets. The minister said he had whole day meeting with...
- 7 hrs ago
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Business Jio to be in top 100 most valuable global brands in 3 years: Report
PTI New Delhi: Billionaire Mukesh Ambani's telecom venture Jio will be among the 100 most valuable brands globally within three years, says a report. The 'Top 100 Most Valuable Global Brands 2019 report' by communication services provider WPP and market research firm Kantar Millward Brown ranked Amazon the world's most valuable brand ahead of Apple and...
- 7 hrs ago
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Business AAI to implement A-CDM platform at 4 airports by Jan
MPost Mumbai: Government-run AAI said on Tuesday it plans to implement its Airport- Collaborative Decision Making (A-CDM) platform at Ahmedabad, Jaipur, Guwahati and Thiruvananthapuram by early next year amid the rapidly growing passenger and aircraft traffic at these aerodromes. Implemented as a pilot at the city's Chhatrapati Shivaji Maharaj International Airport (CSMIA) in 2015,...
- 7 hrs ago
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Business Govt's fund will help complete up to 2.5L housing units in 7 major cities
PTI New Delhi: The Rs 20,000 crore fund created by the government may help in completion of up to 2.5 lakh housing units across seven major cities, property consultant Anarock on Tuesday said. Last week, Finance Minister Nirmala Sitharaman announced that the government will set up a special window to provide last-mile funding for housing projects which are non-NPAs and...
- 7 hrs ago
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Business APTEL allows Adani Power arm to charge higher coal cost from Rajasthan discoms
PTI New Delhi: Adani Power on Tuesday said electricity tribunal APTEL has allowed its subsidiary Adani Power Rajasthan to charge a higher cost of coal regarding a 1,200-MW power supply agreement with distribution companies of Rajasthan. The tribunal has allowed the compensation due to the shortage of domestic coal, the company said in a regulatory filing.
- 7 hrs ago
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Business Sebi bans Gautam Thapar, 3 others from markets; orders forensic audit
PTI New Delhi: Regulator Sebi on Tuesday barred CG Power and Industrial Solution's ex-chairman Gautam Thapar and three other former officials from capital markets for 'serious' misstatement of accounts as well as diversion of funds, and ordered forensic audit of the company. Besides Thapar, the other officials facing ban are CG Power's ex-CFO V R...
- 7 hrs ago
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Business TFL awards coal gasification contract to Chinese firm
MPost New Delhi: Talcher Fertilizers Limited (TFL) has awarded a lump sum term key contract to Wuhuan Engineering Company Limited, China. The deal is for implementing the coal gasification and ammonia/urea packages of TFL. This contract has been awarded to augment the domestic urea capacity and revive closed fertiliser units of Fertilizer Corporation of India Limited.
- 7 hrs ago
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Business Mutual fund AUM rises 4% to `25.47L cr in August: Report
PTI Mumbai: The country's mutual fund industry's asset under management (AUM) grew by nearly 4 per cent to Rs 25.47 lakh crore in August 2019 from Rs 24.53 lakh crore in July, a report said. In the first five months of FY20, the industry's asset base increased by Rs 1.68 lakh crore, Care Ratings said in its report. The asset under management of debt, equity and hybrid...
- 7 hrs ago
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Business AIAHL to issue bonds worth Rs 15,000 crore in September
PTI New Delhi: Air India Assets Holdings Ltd (AIAHL) is expected to come out with its second bond offering worth Rs 15,000 crore in the next 10 to 12 days, according to a senior official. AIAHL - the special purpose vehicle of Air India - mopped up Rs 7,000 crore through bonds on Monday and the issue was oversubscribed more than 20 times. A total of Rs 22,000 crore is to be raised by...
- 7 hrs ago
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