About 58 lakh farmers in Telangana will get a financial assistance of Rs 4,000 each for every acre of land they own under a programme launched by the Chief Minister K Chandrasekhara Rao today.The State government has allocated Rs 12,000 crore for the scheme in the Budget for 2018-19. The farmers will get Rs 4,000 each an acre in the kharif and in the rabi cropping season to support their credit need. Addressing a gathering at the formal launch, Rao demanded that agriculture should brought under the NREGA (National Rural Employment Guarantee Act) to share the farmers wage burden for farm labour ... Read More

Vistara on Wednesday said it has received its 20th aircraft, and seventh Airbus A320neo, marking an important timeline in its ambition to begin global operations. According to the Indian regulations, an airline needs at least 20 aircraft in its fleet to begin operations in international routes. With this milestone addition to its fleet, Vistara completes its initial aircraft order as planned at the early stages of setting up the airline. Vistara will use the new aircraft to increase frequencies on existing routes while gearing up to start international operations soon,the airline said. This ... Read More

Reliance Wealth Management, a subsidiary of Reliance Capital, today said it has appointed Nitin Rao as its new chief executive officer. He will be responsible for driving a more broad-based strategy for growing the wealth management offering to high net worth individuals, the company said in a statement. In this new role, Rao will report to Anmol Ambani, executive director at Reliance Capital. Rao joined Reliance Wealth Management after 19 years at HDFC Bank, where he was executive vice president of private banking group and third party products, and had built its wealth business ground up ... Read More

Billionaire investor Rakesh Jhunjhunwala questioned the sanctity of recent merger deal struck between Fortis Healthcare and Manipal Hospitals and said the existing Fortis board is not fit to make the decision. What is the sanctity of a deal approved by a board of directors appointed by a group of shareholders who are no longer shareholders of the company.The Economic Times reported quoting Jhunjhunwala on Wednesday. Jhunjhunwala told the paper that the board does not have the power to do the deal. I think the stage where the deal will need to be voted upon will not come at all,he added. ... Read More

Companies owned by billionaires Mukesh Ambani and Sunil Bharti Mittal may raise as much as Rs 365 billion (Dollar 5.6 billion) selling bonds as the telecom titans build a war chest in what investors hope will be the home stretch in Indias bruising tariff war. Mittal-controlled Bharti Airtel Ltd. which sold its first-ever rupee bond of Rs 30 billion last month, has approval to raise Rs 165 billion , according to a March 12 filing. Reliance Jio Infocomm Ltd. announced days later that it plans to sell as much as Rs 200 billion of notes, marking the disruptive upstarts return to the onshore bond ... Read More

इनोवेशन के लिए सही माहौल मिले तो भारत पांच साल में दूसरी सिलिकॉन वैली विकसित कर सकता है। विश्व बैंक के भारत में प्रमुख जुनैद कमाल अहमद ने मंगलवार को यह बात कही। अहमद विकासशील देशों में इनोवेशन के विकास पर विश्व बैंक की रिपोर्ट जार ... Read More