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Hosur airport plan raises questions over KIA impact
BENGALURU: Within a week of the Karnataka govt announcing that a feasibility study would be conducted for building a second commercial airport in Bengaluru, the Tamil Nadu govt on Thursday announced that a greenfield international airport will be built in Hosur – TN’s manufacturing hub…
Smuggled gold worth ₹72 lakh seized at KIA
Bengaluru: Customs officers at Kempegowda International Airport (KIA) thwarted three gold smuggling attempts on June 23. In the first incident, a passenger was caught with 271 grams of gold, worth Rs 19 lakh. The yellow metal was meticulously concealed on the man’s body to evade…
Now, keep 3 a/cs in one bank for each project: MahaRera to bldrs
Mumbai: From July 1, developers will have to open three separate accounts in one bank — a Rera-designated collection account for revenue received from homebuyers, a Rera-designated separate account for 70% of funds allocated for the project’s land and construction, and a Rera-designated transaction account…
Court restrains Power TV from broadcasting until July 9
Bengaluru: The high court has restrained Kannada channel Power TV from carrying on broadcasting activities until the next hearing on July 9 .Justice SR Krishna Kumar passed the interim order Tuesday after hearing a petition filed by IPS officer BR Ravikanthe Gowda and ex-MLC Ramesh…
Loan app scam: Two college students held
Mumbai: Two college-goers from New Delhi have been arrested by the Bangur Nagar Police in connection with a loan app fraud where a woman was harassed for money and her photos were morphed. Police said Lavneet Kumar and Mudit Jain, both 19, were money mules…
Sebi approves stricter norms for inclusion of individual stocks for derivative trading
Mumbai: India Thursday tightened rules for individual stock inclusion in the derivatives segment amid an exponential volume surge and concerns about speculation, and eased norms for those seeking to delist by approving a fixed price offer as an alternative mechanism to a book-built price discovery….
Deputy Speaker likely to be from NDA, not Oppn
New Delhi: The 18th Lok Sabha is likely to have a Deputy Speaker, a post which remained vacant in the previous Lok Sabha and has now become a point of contention between the ruling and opposition sides. In the runup to the Speaker’s election, INDIA…
India’s aviation market 3rd largest globally
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UltraTech buys 23% stake in India Cements
MUMBAI: UltraTech Cement has acquired a 23% stake in India Cements for around Rs 1,900 crore, preventing potential future bids for the leading peninsular manufacturer, as the race intensifies to control capacities in a highly regionalised and freight-intensive cement business that’s the world’s second biggest…
Scheme unveiled to help 500k MSMEs join ONDC
New Delhi: The government on Thursday launched two initiatives aimed at helping small businesses adopt digital commerce and empower female entrepreneurs. Micro, small and medium enterprises (MSME) minister Jitan Ram Manjhi rolled out Trade Enablement & Marketing (TEAM) scheme, with an outlay of 277 crore,…
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