Companies Gujarat Karnataka Kerala

Adani airport acquisitions resulted in alarming accusations by AAI Unions

In 2018, six airports were chosen for privatisation by the Airports Authority of India (AAI) by leasing them out.  The Adani Group won the bid for all six airports in February 2019.  The Airport Authority Employees Union (AAEU) has alleged that for  the amount that the Adani Group paid for the airports assets as per Read More…

Companies India Industries Union Government

Alarming Coal shortage across power plants in India

According to PTI sources  Power consumption dipped by nearly 2 per cent or by 72 million units (MU) to 3,828 MU on Saturday compared to 3,900 MU on Friday, showing slight improvement in supply situation across the country amid coal shortage crisis, according to the power ministry data. According to the Government source data, the Read More…

Companies India Industries

Modi Govt sold Air India for 18000 Crores to TATA

Modi led Union government successfully sold  national carrier Air India to Tata Sons for Rs 18,000 crore  Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey confirmed the sales .  This would put an end to the government’s prolonged attempt to sell and turnaround the airline. The sale would be at an Read More…

Companies Gujarat Industries Regulators West India

NIA to probe Rs 21000 Crores worth 3Tons narcotics found at Adani’s Mundra Port Gujarat

The National Investigation Agency (NIA) on Wednesday took over probe into seizure of 2,988 kg narcotic, worth Rs 21,000 crore, at Mundra port in Gujarat. Disguised as a consignment of ‘semi-processed talc stones’ originating from Afghanistan which had arrived from Bandar Abbas Port, Iran, the Directorate of Revenue Intelligence (DRI) seized 2,988.21 kg of heroin Read More…

Companies India Industries Space Technology

NSIL to lease Ku-band Satellite GSAT-24 for TATA Sky

According to New Space India Limited (NSIL) , GSAT-24, a four-tonne class communication Ku-band satellite built by the Indian Space Research Organisation (ISRO) will be put into orbit using Ariane-5 rocket operated by Arianespace. The GSAT-24 satellite fully funded by the NSIL is expected to be launched during the first quarter of 2022. The entire Read More…

Business Companies Industries Union Government

Union government deny media reports of Tata as winning bidder for Airindia

Department of Investment and Public Asset Management (DIPAM) secretary on Friday termed media report indicating approval of financial bids by government in the Air India disinvestment case as ‘incorrect’.   Meanwhile, two government officials told that the highest decision-making body constituted for the national carrier’s divestment is yet to meet to grant its nod for Read More…

BJP Companies Congress Scam

Amazon fees scam of Rs 8,546 Crores Congress Questions Modi Government

The Congress on Wednesday attacked the government alleging that e-commerce giant Amazon paid legal fees as graft and demanded an inquiry by a sitting Supreme Court judge into the whole matter.   Congress chief spokesperson Randeep Singh Surjewala said, “the budget of law ministry is Rs 1,100 crore, so to whom the e-commerce company paid Read More…

Companies Gujarat Industries West India

India’s biggest catch heroin worth Rs 21000 Crores at Adani’s Mundra port in Gujarat

Directorate of Revenue Intelligence (DRI)  seizes heroin worth Rs 21,000 crore  at Mundra Port.  Mundra Port is private port totally controlled by the Adani Group  by Gujarat business man Adani who eventually a staunch supporter of BJP union government  led by Prime Minister Modi .   The containers , which were loaded with nearly 3,000 Read More…

Banks Companies India Industries

Pay wallet companies to stop 1 click purchase process by 1.1.2022 : RBI

The Reserve Bank of India (RBI) on Tuesday made it impossible for one-click purchases on merchant sites from January 1, as it refused to extend its deadline for card tokenisation beyond the agreed January 1, 2022 date.   Tokenisation is used in online transactions where the actual card details keyed in are replaced by random Read More…