BUSINESS
PM to inaugurate 246 km section of Delhi-Mumbai Expressway
The 246 km Delhi-Dausa-Lalsot section of the Delhi-Mumbai Expressway has been developed at a cost of more than Rs 12,150 crore. The operationalisation of this section will reduce the travel time from Delhi to Jaipur from 5 hours to around 3.5 hours and provide a major boost to economic development of the entire region. Prime Minister Narendra Modi will visit Rajasthan on February 12 and Karnataka on February 13.
All legacy Blue badges will be removed soon: Elon Musk
Musk has time and again said that the company will remove all Blue checks, as it gets busy monetising its platform by charging users. "Legacy blue checks will be removed soon. Those are the ones that are truly corrupt," he reiterated in a tweet. Earlier this month, the Twitter CEO had said that all legacy verified accounts will soon lose their Blue badges as those are 'deeply corrupted'.
Civil Aviation Ministry clarifies on Digi Yatra app after Ashneer Gorver's tweet
Explaining further, the ministry said on Twitter, "Android users are requested to update to version 2.0.1 which takes care of the app's cache issues. Apple iOS App users are also requested update to version 2.0.2 which is now available on the App Store. Once you scan/upload the boarding pass, a pop-up window allows you to directly share the boarding pass to the airport."
Adani Group hires US legal firm Wachtell to take on Hidenberg Research: Report
The fact that the Adani Group has chosen to retain the services of Wachtell, which is considered to be one of the most expensive law firms in the United States, highlights the intense international pressure the group is facing following Hindenburg's allegations. For many years, Wachtell has been one of the most sought-after advisers by corporate boards at some of the largest US companies that are trying to protect themselves from hostile takeovers and activist investors.
Top industrial houses including Reliance, Birla, Tata to invest in UP
Mukesh Ambani, Chairman of Reliance Industries Limited, announced an investment of Rs 75,000 crore in UP in the coming four years. About one lakh new jobs are expected to be created by this investment. Speaking at the event, Ambani said that the state would become a trillion dollar economy within the next five years.
IIP growth falls to 4.3% in Dec 2022
The industrial growth in December 2021 was 1 per cent. According to the data, the manufacturing sector's output rose 2.6 per cent in December 2022. Among all the key sectors, the electricity sector showed maximum growth of 10.4 per cent, followed by mining at 9.8 per cent and manufacturing at 2.6 per cent.
Air Safety Oversight: India's updated overall effective implementation moves up
"DGCA is very happy to inform that the final report of the ICAO Coordinated Validation Mission in India has been received," said the regulator. The DGCA has received the final report of the ICAO Coordinated Validation Mission (ICVM) in India which is based on an audit conducted from November 9 to 16, 2022.
Va Tech Wabag logs Rs 37 crore net for Q3
According to Va Tech Wabag, for the period under review, it earned an operational revenue of Rs 518.85 crore (Q3FY22 Rs 516.16 crore) and a net profit of Rs 37.27 crore (Q3FY22 Rs 30.18 crore). According to Rajiv Mittal, Chairman and Managing Director, Va Tech Wabag, the company is well-placed in few large desalination and waste water treatment orders which are expected to be realised soon.
China's Alibaba Group exits Paytm, sells its entire remaining 3.4% stake: Report
According to news agency ANI, a total of 3.4% of equity, or 2.1 crore shares, changed hands in the block deal. This means that Alibaba is no longer a stakeholder in Paytm. The company had previously sold 3.1% of its 6.26% equity in Paytm in January. The bulk and deal data for the day will be released after market hours.
Air India signs deals with Airbus, Boeing for purchasing around 450 planes: Report
The PTI report quoted a source familiar with the matter as saying that the agreement with Airbus, for around 250 aircraft, is expected to be announced next week and will likely include 40 Airbus A350 wide-body planes, making Air India the first Indian carrier to operate this type of aircraft. The airline has signed a deal with Boeing for about 200 planes, the PTI source added.
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