Category: BUSINESS

New Delhi, Jun 24 (DIN NEWS) After an unsuccessful first attempt at auctioning Delhi’s iconic luxury hotel Taj Mansingh, New Delhi Municipal Council (NDMC) has decided to conduct a fresh bid for the property on July 18. The much-delayed auction, which was to be held this month, was cancelled since only Tata Group’s Indian Hotels Company Limited (IHCL) – the existing operator – bid for retaining the property. The bid of the only other participant, ITC, was not accepted on technical grounds. The civic body had issued an annulment notice…

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Infosys Non-Executive Chairman Nandan Nilekani today said the company has taken several steps during the year to remedy the concerns raised on the matter of stability and is on the verge of something momentous.”When I stepped for the second time into Infosys in August last year, one of the concerns that you raised was about the company’s stability. We have taken several steps during the year to remedy this,” he said at the company’s 37th Annual General Meeting here.”We have a very stable management team and board, and everybody is…

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New Delhi/New York, Jun 23 (DIN NEWS) WhatsApp, which is testing its payments services in India, today said it is updating its terms of service and privacy policy to “reflect the addition of payment interoperability features” ahead of the full-fledged launch of the service. Almost one million people are “testing” WhatsApp’s payments service in India, which is the largest base for the Facebook-owned company that has over 1.5 billion users globally. WhatsApp has over 200 million users in India. “We’ll be updating our WhatsApp payments Terms of Service and Privacy…

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Bengaluru, Jun 23 (DIN NEWS) Infosys Non-Executive Chairman Nandan Nilekani today said the company has taken several steps during the year to remedy the concerns raised on the matter of stability and is on the verge of something momentous. “When I stepped for the second time into Infosys in August last year, one of the concerns that you raised was about the company’s stability. We have taken several steps during the year to remedy this,” he said at the company’s 37th Annual General Meeting here. “We have a very stable…

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Jaipur, Jun 22 (DIN NEWS) National Dairy Development Board today said it will focus on strengthening cooperative societies to push development and growth in the sector. The board’s chairman Dilip Rath said that Rajasthan has registered a growth in milk production but there is a need to strengthen cooperative societies network in Rajasthan and other states also in order to make the growth sustainable. He informed that the board is promoting new income generating activities for dairy farmers. “Engaging milk producers in multiple streams of income through different alternative activities…

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Mumbai, June 22 (DIN NEWS) The NSE Nifty rose by 80.75 points to 10.821.85, led by recovery during the fag-end volatile trading session backed by buying in pharma, banking, financial services, FMCG and infra sectors. The index hovered between 10,837 and 10,710.45 during the session with an intra-day movement of 126.55 points. The rally in local stocks was also supported by positive global cues. European stocks, along with US futures, advanced following better-than-expected macro economic data from the euro zone’s largest economies. Most Asian stocks ended higher. Globally, investors awaited…

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Mumbai, Jun 21 (DIN NEWS) The rupee slipped 16 paise to 68.24 against the US dollar in early trade today due to fresh buying of the American currency by importers amid sustained foreign fund outflows. Forex dealers said the dollar hovering near an 11-month high against a basket of currencies overseas, supported by a rise in US yields, also weighed on the rupee but a higher opening of the domestic equity markets limited the fall. Foreign portfolio investors (FPIs) sold shares worth Rs 2,442.61 crore yesterday, as per provisional data…

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Mumbai, Jun 21 (DIN NEWS) The benchmark Sensex climbed over 123 points to 35,670.39 in opening trade today, led by gains in index heavyweight Reliance Industries, amid continued buying by domestic institutional investors. The 30-share index was quoting higher by 123.06 points, or 0.35 per cent, at 35,670.39. It had gained 260.59 points in the previous session. All the sectoral indices were trading higher, led by capital goods, consumer durables, infrastructure, banking, realty and oil and gas. Similarly, the broader 50-share NSE Nifty edged up 37.55 points, or 0.34 per…

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New Delhi, Jun 20 (DIN NEWS) The Connaught, a premium hotel in Lutyen’s Delhi, was successfully acquired by Tata’s Indian Hotel Company Limited (IHCL) in an e-auction conducted by the New Delhi Municipal Council (NDMC) today. “The successful bidder is the Taj group which will pay 31.80 per cent of the Gross Turn Over (GOT) or Rs 5.868 crore per annum, whichever is higher. This current auction has yielded more than the double revenue that the NDMC was getting from this hotel,” a senior NDMC official said. The licensing rights…

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New Delhi, June 20 (DIN NEWS) Passengers on most of Air India’s international flights are all set for a new experience as the airline will soon introduce ‘Maharaja’ business class seats, variety cuisines and new uniforms for crew, officials said. The revamped products and services is likely to be unveiled on June 22, which would also come on an eventful week when the government decided to put the breaks, for now, on the disinvestment plans for the loss-making carrier. “The airline would launch a revamped Maharaja business class,” Minister of…

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