Real estate developer DLF said on Sunday it had entered into a joint venture with Singapore’s sovereign wealth fund GIC to build rental assets in India after its promoters sold 33.34 per cent stake in the rental arm to the Singapore sovereign wealth fund.

DLF also said it expected an infusion of Rs 13,000 crore into the company, a better part from promoters, by December and the amount would be utilised for reducing its debt substantially. While promoters are expected to invest about Rs 10,500 crore into the company, DLF expects to raise another Rs 3,000 crore from institutional investors through qualified institutional placement, sources said.

Prime Minister Narendra Modi on Saturday declared an immediate relief of Rs 500 crore for flood-hit Bihar after undertaking an aerial survey of affected areas. He also announced an exgratia of Rs 2 lakh to the families of those killed and Rs 50,000 for those injured grievously by the floods.

The Prime Minister was accompanied by Bihar Chief Minister Nitish Kumar and Deputy Chief Minister Sushil Modi. He also reviewed relief and rehabilitation work with them in detail.

The Uttar Pradesh government will bring a new policy to promote Khadi on the lines of Gujarat and is likely to be implemented from next year, Minister for Khadi and Gramodyog Satyadev Pachauri has said.

"The Yogi Adityanath-led Uttar Pradesh government will implement Khadi policy in the state. The details of it have been worked out. There are plans to implement it from April 2018," he said in Bhadohi, Uttar Pradesh, last night.

New Delhi, Aug. 25 (PTI): The stalemate between the Coal India management and the labour unions over salary increase has ended after both sides reached an understanding.

"We have reached an understanding with the Coal India management for a 20 per cent minimum guaranteed benefit," D.D. Ramanandan, general-secretary of the Citu-affiliated All India Coal Workers Federation, said.

Kolkata: Leading automobile manufacturer Tata Motors is now working on alternative plans for its small car Nano whose sales have fallen making its production not a viable proposition, an official of the company said.

Asked about the future of Nano, COO of Tata Motors Satish Borwankar said “going forward, alternative plans for Nano is being considered. Like the electric version of the small car, production of Nano is no longer a viable proposition”.

Bengaluru: The board of Infosys on Friday termed as “unfortunate” the past differences with founder NR Narayana Murthy and said it never intended to cause him “personal distress or anguish”.

Addressing a press conference after the board meeting, newly appointed Infosys chairman Nandan Nilekani said,“The board is focused on bringing complete stability to the company and that it has tasked its committee of directors to work with the CEO and management to refresh the company’s strategy by October.”

The Telecom Regulatory Authority of India (Trai) has instructed Idea Cellular to deposit Rs 2.97 crore in the telecom consumer education fund for overcharging subscribers. Trai said the country’s third-largest telecom operator had collected the amount by overcharging its subscribers in four states during May 2005 to January 2007. In May 2005, the department of telecom (DoT) amended licence conditions to allow inter-service area connectivity between telecom operators in Maharashtra, West Bengal, Tamil Nadu and Uttar Pradesh. Following this, calls within these four states were treated as intra-service area calls, or simply put local calls, for the purpose of call routing and levy of access deficit charge (ADC).

After years of dithering, composite liquefied petroleum gas (LPG) bottles are set to be tested in the Indian markets, with the state-run Hindustan Petroleum (HPCL) getting the go-ahead from the ministry of petroleum and natural gas. Though attempts to test the fibre-made bottles, safer and lighter than the metallic cylinders in use, can be traced back to 2012, these haven’t hit the market yet due to the lack of requisite approvals from various agencies such as Indian Standards Institute. The relatively higher cost of the composite cylinders has also been hurdle. “The ministry has given permission to HPCL for testing the cylinders,” said a ministry official requesting anonymity.

As over 50 million Small and Medium Businesses (SMBs) in India look to move to a secure Cloud, Microsoft — with its end-to-end offerings with New-Age capabilities — is set to help them evolve and adopt an “intelligent” Cloud, says Microsoft India President Anant Maheshwari. Maheshwari, who believes that almost every company will eventually become a software one at some point of time with the fourth industrial revolution, an “intelligent” Cloud will chart their digital journey. There are large enterprises that will have a dedicated infrastructure, teams and resources for Cloud adoption.

CHENNAI: India is now the largest two wheeler market globally, by volume, for Japanese automobile major Honda. Honda Motorcycle & Scooter India's (HMSI) volume contribution globally hit 32% in the first quarter of this financial year -its highest ever so far.

According to top HMSI officials the company's two wheeler sales grew 20% in the April-July period -compared to 9% growth clocked by the industry -with scooters growing 19% and motorcycles growing 20% including domestic sales and exports.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.