Business - The Ganga Times

Sep262021 by Ganga Times TeamNo Comments

Daikin to set up ₹1,000-crore plant in Andhra Pradesh: Make in India

Business, Tech

"Daikin has a very clear strategic intent to enhance its air conditioning, air filtrations, and refrigeration portfolio, for which India has been identified as a developmental hub," said Daikin India's Managing Director. Daikin to Invest 1000 crore rupees in Andhra Pradesh India Japanese multinational air conditioning manufacturer, Daikin will invest about ₹1,000 crore in seting up a plant in India. Thus, it becomes the first company to acquire land for a new unit under the recently-introduced production-linked incentive (PLI) scheme for white goods. Daikin India completed the purchase agreement for a 75-acre land at Andhra Pradesh's Sri City. The company plans to set up a huge air-conditioner (AC) manufacturing plant in phases. The first investment instalment is expected to be o...

Sep232021 by Ganga Times TeamNo Comments

Seerum Institute of India to Invest $68 Million in Britain’s Oxford Biomedica

Business, COVID-19

Serum Institute of India is headquartered in Puna, Maharashtra. Adar Poonawalla's company is the world's largest vaccine manufacturer. Seerum Institute of India to Invest $68 Million in Britain's Oxford Biomedica (Photo: PTI) India's vaccine manufacturing company, Serum Institute of India (SII) will invest $68 million in Oxford Biomedica. The UK's vaccine maker said on Wednesday that SII has agreed to fund the development of a COVID-19 vaccine plant. As part of the deal, Serum Life Sciences Ltd, a unit of SII, will be getting a 3.9% stake in Oxford Biomedica. According to the British company, the fund will be used to develop a new space in its Oxbox plant into a vaccine manufacturing space, which is expected to be ready for manufacturing in mid-2023 Based in Pune, India, ...

Sep202021 by Ganga Times TeamNo Comments

Ditched by allies, France and India to promote ‘truly multilateral’ order

Business

The conversation came a day after France recalled its ambassadors from Washington DC and Canberra, in protest of Australia signing a multibillion-dollar nuclear submarines deal with the US and the US. Jean-Yves Le Drian and Subrahmanyam Jaishankar France will work with India to promote ‘truly multilateral’ world order. After a telephonic conversation between French foreign minister, Jean-Yves Le Drian and his Indian counterpart, Subrahmanyam Jaishankar, the French foreign ministry said the two ministers has agreed to strengthen their strategic partnership. This union will be "based on a relationship of political trust between two great sovereign nations of the Indo-Pacific”. Working on a common programme to develop a truly multilateral international order was Jaishankar's idea, ...

Sep182021 by Ganga Times TeamNo Comments

Infosys wins five-year deal with Frost Bank; To offer mortgage services

Business

The Indian IT giant, Infosys will offer mortgage services to the Texas-based Frost Bank. This might well be a new beginning in this business, hopes the company president, Mohit Joshi. Infosys and Frost Bank signs a five-year deal Indian IT giant, Infosys Ltd has bagged a five-year deal from Frost Bank to provide strategic business consulting and digital capabilities to the Texas-chartered bank. This collaboration will work together to design a human-centric, digital-first approach to customer mortgage loans. This is expected to better users' experience by enhancing the efficiency of operations. According to Infosys, the deal will help the bank’s mortgage loan process become service-orienting. It also aims to better the end-customer experience, along with letting it use the most e...

Sep162021 by Ganga Times TeamNo Comments

100% FDI, other Major Telecom Reforms Approved by Cabinet

Business, India, Latest News

The five process structural reform will give much-needed relief to Vodafone-Idea — confronting an existential crisis, as well as to Airtel. Good news for Vodafone Idea & Airtel: 100% FDI in telecom sector New Delhi: In a first, the Union Cabinet on Wednesday allowed 100% foreign direct investment (FDI) in the country's struggling telecom sector via the automatic route. This forms part of the five process structural reforms proposed by Ashwini Vaishnaw, Minister for Communications. Earlier, only 49% FDI was allowed through the automatic route and anything above that needed to pass through government route. “Today the cabinet has decided to allow 100 per cent FDI through automatic route in the telecom sector. All safeguards will be applicable,” said Vaishnaw, adding tha...

Sep152021 by Ganga Times TeamNo Comments

Adani Transmission acquires ₹1,200 crore bid in Madhya Pradesh power project

Business, Latest News, Madhya Pradesh

Adani Transmission is India's largest private sector power transmission company. It is part of the diversified Adani Group, headquartered in Ahmedabad. Adani Transmission acquires ₹1,200 crore bid in Madhya Pradesh power project (Credit: BS) The Ganga Times, Ahmedabad: Adani Transmission Ltd (ATL) will be pumping a whopping ₹1,200 crore in MP Power Transmission Package-II Limited, incorporated by REC Power Development and Consultancy Ltd. ATL has received the Letter of Intent (LoI) on September 14 for the acquiring the Madhya Pradesh project after it came out victorious in the tariff-based competitive bidding (TBCB) process For the next 35 years, ATL — India's largest private sector power transmission company, will build, own, operate and maintain the transmission project in the ...

Jul112021 by Ganga Times TeamNo Comments

तेज प्रताप यादव बने बिजनेसमैन; RJD प्रदेश अध्यक्ष को दिखा दी बाहर की राह

Bihar, Business, Latest News

Tej Pratap Yadav, Bihar's former Health Minister has turned out to be a businessman. He has started a business of Agarbatti. बिहार के पूर्व मुख्यमंत्री लालू प्रसाद यादव के बड़े सुपुत्र तेज प्रताप यादव अक्सर ही सुर्ख़ियों में बने रहते हैं। उनको हमेशा ही कुछ अलग और नया करने के लिए जाना जाता है। कभी वो भगवान कृष्ण की भूमिका में नजर आते हैं तो कभी जिम करते हुए अपनी वीडियो सोशल मीडिया पर डालते हैं। अभी हाल में लालू पुत्र फिर से ख़बरों में हैं। वो इस वजह से क्योंकि उन्होंने बिजनेसमैन बनने का फैसला किया है। उन्होंने अगरबत्‍ती का कारोबार शुरू किया है। गुरुवार को बिहार के पूर्व स्वास्थ्य मंत्री ने L R नाम से अगरबत्ती ब्रांड लॉन्च किया है। बकौल तेजप्रताप, उनका अगरबत्ती केमिकल फ्री है। इसे बनाने में किसी तरह के रसायन का नहीं बल्कि सिर्फ फूलों का इस्तेमाल किया गया है। कंपनी का पूरा नाम है ल...

Jan192021 by Nalin S MahendruNo Comments

Wipro’s IAM Solutions saving big moolah of organizations by enhancing efficiency to achieve optimal business results

Business, Opinion

Intelligent Asset Management Solutions by Wipro offer a means to contemplate all the major and minor factors about operations and costs for achieving organizational goals. Regardless of the domain, no business organization escapes the impact of digitalization of processes. Deemed as a revolution of sorts, it calls for an increased focus on managing assets over the internet. Significant effort is required to ascertain the functionality for augmenting the existing asset management processes. As per a report by Moody’s, the asset management industry is all set to witness an unprecedented growth over the next decade. It will transform businesses by letting them adapt fully to the digital world. In the absence of a proper asset management system, lack of control over the fi...

Dec142020 by Ganga Times Team2 Comments

आखिर क्यों कम जनसंख्या होने के बावजूद तमिलनाडु को मिलेगी बिहार से ज्यादा Covid-19 वैक्सीन?

Business

Covid-19 vaccine in India due to take its official entry in a few days. Uttar Pradesh to get the highest number of doses. Tamil Nadu with less population will get more Covid-19 vaccines than Bihar, Madhya Pradesh, and Rajasthan. Courtesy: NJB/Getty Images The Ganga Times, Gaya: इंग्लैंड में कोरोनावायरस की वैक्सीन का इस्तेमाल शुरू होने के बात अब भारत (Covid-19 vaccine in India) में भी लोगों को इसके इस्तेमाल की मंजूरी मिलने का इंतजार है। सरकार और देश की वैक्सीन कम्पनियाँ बड़े पैमाने पर लोगों के टीकाकरण की तैयारी कर रही है। कोरोना की टीका को लेकर केंद्र की मोदी सरकार ने हाल में ही राज्यों के लिए परामर्श सूचना जारी की है। इसमें टीका लगाते समय की प्राथमिकताओं के साथ साथ किस राज्य की कितनी वैक्सीन डोजें मिलेगी यह भी बताई गई है। Covid-19 vaccine in India will be distributed 100 per sess...

Dec52020 by Nalin S MahendruNo Comments

IIT Patna sets record for job placements; DE Shaw, Microsoft offer highest package

Bihar, Business, Latest News

Despite the Covid-19 pandemic that has resulted in major job losses, the IIT Patna placements scenario has been a blessing for students. Companies like Microsoft, FlipKart, Amazon, and Google have offered significant packages to IIT Patna students. The Ganga Times, Gaya: Despite economic slowdown and disastrous impact on the job sector due to COVID-19 pandemic, the Indian Institute of Technology (IIT), Patna has set a new milestone as it surpassed the record for maximum and average packages to its students during these tough times. Last year, the maximum package of 38 lakhs was bagged by a IIT Patna student, whereas, this time 3 M-Tech students Rakutin Avinash Singh, Nidhi Thakur and Rajiv Roshan are offered a package of around 59 lakhs each by the Japanese multinational company...