Delhi

New Delhi, May 17 (PTI) Swiss building material major Holcim has said its USD 6.38 billion deal with Asia's richest man Gautam Adani's group is tax-free.

Holcim had on Sunday signed a binding agreement with the Adani Group to sell its business in India -- about a 63 per cent stake in Ambuja Cement, which owns a 54.53 stake in ACC (of which 4.48 per cent is direct shareholding).

New Delhi, May 17 (PTI) Hyundai Motor India on Tuesday said it has joined hands with Tata Power to set up fast charging electric vehicle infrastructure across its select dealerships in the country.

Under the collaboration, 60 kW DC charging stations will be installed at the company's 34 EV dealerships in 29 cities to cater to all kinds of electric vehicles through Hyundai and Tata Power EZ Charge Mobile App.

New Delhi, May 17 (PTI) The Uttar Pradesh government on Tuesday opposed the bail plea of jailed Samajwadi Party leader Azam Khan, and termed him as a "land grabber" and a "habitual offender".

Additional Solicitor General S V Raju, appearing for the Uttar Pradesh government, told a bench headed by Justice L Nageswara Rao that he has allegedly threatened the investigating officer in the land grabbing case.

New Delhi, May 17 (PTI) The CBI has filed a fresh case against Lok Sabha MP Karti Chidambaram, son of former finance minister P Chidambaram, for allegedly facilitating visas of 250 Chinese nationals after receiving illegal gratification of Rs 50 lakh, officials said on Tuesday.

The CBI on Tuesday morning started coordinated search operations at nine locations in multiple cities in the country, including Karti Chidambaram's residences in Chennai and Delhi, they said.

16 May 2022; MEMO: The UAE has committed itself to invest $100 billion in India across several sectors, the country's commerce and industry minister, Piyush Goyal, revealed on Friday. Goyal made the announcement at the India-UAE Economic Partnership Summit in Mumbai.

New Delhi, May 16 (PTI) The country's largest lender State Bank of India has raised its marginal cost of funds based lending rate by 10 basis points or 0.1 per cent across all tenures, a move that will lead to an increase in EMIs for borrowers.

This is the second hike in a month raising the cost by 0.2 per cent with the two consecutive increases.

New Delhi, May 16 (PTI) Jet fuel prices on Monday were hiked by a steep 5.3 per cent - the tenth straight increase this year -- to an all-time high, in line with a surge in global energy prices.

The price of aviation turbine fuel (ATF) -- the fuel that helps aeroplanes fly -- was hiked by Rs 6,188.25 per kilolitre, or 5.29 per cent, to Rs 1,23,039.71 per kl (Rs 123 per litre) in the national capital, according to a price notification of state-owned fuel retailers.

Jaipur, May 16 (PTI) Congress leader Rahul Gandhi on Monday accused Prime Minister Narendra Modi of destroying the country's economy, which was "strengthened" by the former UPA government.

At a rally in Rajasthan's Banswara district, he also charged that the BJP and Prime Minister Modi want to create two Hindustans, with one for the rich and select two-three industrialists and the other of Dalits, farmers, the poor and underprivileged.

The Congress, he said, wants only one Hindustan.

New Delhi, May 13 (PTI) The Delhi High Court on Friday asked the Centre to examine a petition raising concerns over the decline in vulture population allegedly on account of the use of certain veterinary drugs, and asked it take measures to save the birds that are an important link in the food chain.

Kolkata, May 15 (PTI) In one of the largest expansions in the labour market since the beginning of the pandemic, 8.8 million people joined the country's workforce in April, as per data provided by the Centre for Monitoring Indian Economy (CMIE).