Free Press Journal
  • Fortis board to meet this week to consider M&A options

    New Delhi : Fortis Healthcare on Monday said its board will meet on Thursday to “look at all eligible options” as two more parties have entered the fray to acquire it after its pact with Manipal Health Enterprises.

  • AI should only be run by an Indian firm: Bhagwat

    Mumbai : As India is pushing to privatise the debt-laden national carrier, Rashtriya Swayamsevak Sangh chief Mohan Bhagwat said on Monday that Air India should only be run by an Indian company.

  • India must create 8.1 mn jobs per year: World Bank

    New Delhi : India needs to create 8.1 million jobs a year to maintain its employment rate, said a World Bank report which projected the country’s growth to accelerate to 7.3 per cent in the current financial year.

  • PNB sees 2% rise in wilful defaults at Rs 15K cr in Feb

    New Delhi : The dues by scam-hit PNB’s big wilful defaulters grew to Rs 14,904.65 crore in February, up 2.1 per cent from the previous month, according to the bank data. These defaulters, who have taken loans of Rs 25 lakh and above, had total outstanding of Rs 14,593.16 crore in January.

  • ‘No permit needed for e-car charging stations’

    New Delhi : The power ministry has categorised charging batteries of electric vehicles as a service, a move which will help such stations operate without licence and encourage the use of e-vehicles. Transmission, distribution and trading of electricity need licences under the Electricity Act. Therefore, all utilities have to seek licences for sale of power to consumers.

  • Srinivasan Venkatakrishnan appointed CEO of Vedanta Resources    

    New Delhi: Mining mogul Anil Agarwal-led Vedanta Resources plc today announced the appointment of Srinivasan Venkatakrishnan as the new chief executive of the company, replacing interim CEO Kuldip Kaura. Venkatakrishnan, or Venkat as he is known, is currently the CEO of Johannesburg-based AngloGold Ashanti Ltd, the world’s largest emerging market gold producer. Venkat, 53, will assume the new role effective August 31, the company said in a statement.

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    Supreme Court asks Jaiprakash Associates to deposit Rs 100 crore by May 10

    New Delhi: The Supreme Court today directed realty firm Jaiprakash Associates Limited (JAL) to deposit Rs 100 crore with its Registry by May 10. The bench headed by Chief Justice Dipak Misra also directed the Insolvency Resolution Professional (IRP) to consider the representation of JAL on revival plans as per law.

  • Ola announces “Mission: Electric”, aims to put 10,000 electric vehicles on road by 2019

    Bengaluru (Karnataka): Taxi aggregator Ola on Monday announced its “Mission: Electric”, with a commitment to place 10,000 e-rickshaws and electric auto-rickshaws in its service in the next 12 months. The company will develop “Mission: Electric” as a platform to bring one million electric vehicles (EVs) on the road by 2021.