Category: Industry

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BharatPe settles Rs 88 crore fund misappropriation case with Ashneer Grover

New Delhi:  After a long-standing and dramatic courtroom battle, BharatPe on Monday said it has arrived at an agreement with its former co-founder Ashneer Grover, who was charged, along with his family members, by the fintech company for alleged misappropriation of funds worth Rs 88.67 crore. In a statement to IANS, the company said that.

MP Arora assures industry of continued support to key industry challenges in Punjab

Ludhiana: Addressing 56th AGM of United Cycles Parts and Manufacturers Association (UCPMA) here on Wednesday, MP (Rajya Sabha) from Ludhiana Sanjeev Arora has made an appeal to the industrialists to have a positive attitude towards the State Government, which has done a lot for the industry since it came to the power. Arora, who was.

Don’t wait in line, get your iPhone 16 delivered in minutes at door step

New Delhi: You don’t have to wait in line to buy an iPhone anymore. Starting today, you can order it on quick-commerce platforms like Blinkit and BB. It will be delivered to your doorstep within minutes. Albinder Dhindsa, the co-founder and CEO of Blinkit, informed in a social media post on Friday that the company will.

Rs 46,000 crore money laundering case: Supreme Court grants bail to former Bhushan Steel promoter Neeraj Singhal

New Delhi : The Supreme Court on Friday granted bail to Bhushan Steel promoter Neeraj Singhal in a Rs 46,000 crore money laundering case; however, it has taken a strong exception on economic offences as it noted that the economy was shaken due to the alleged offence. A Bench of Justices Sanjiv Khanna and PV.

Commercial gas cylinder becomes expensive, 19 kg commercial LPG cylinder price hike by Rs 39

New Delhi :  Commercial gas cylinder becomes expensive, Oil marketing companies have increased the price of 19 kg commercial LPG gas cylinders by Rs 39, effective from today. After the increase, the retail sales price of a 19 kg commercial LPG cylinder in Delhi is Rs 1,691.50.  Earlier, on July 1, oil marketing companies reduced.

CICU steps up for establishing Centre of Manufacturing Excellence in Ludhiana, have meeting with CEO Invest Punjab

Ludhiana: Looking forward to establish a Common Facility Centre as a Centre of Manufacturing Excellence (Product Design & Development) – CMEPDD, a delegation from the Chamber of Industrial & Commercial Undertakings (CICU) convened a significant meeting at Udyog Bhawan in Chandigarh with D.P.S. Kharbanda, IAS, CEO of Invest Punjab. D.P.S. Kharbanda appreciated this initiative of.

RIL laid off around 11% workforce, reduce around 42,000 employees in FY24

Mumbai: In the financial year 2024, Reliance Industries Limited laid off 11 percent of its workforce compared to the financial year 2023. The company reduced approximately 42000 employees in the current financial year. In financial year 2024, RIL’s employee strength stood at 347,000, whereas in financial year 2023 it was 389,000. Reliance Industries has reduced.

Bangladesh Unrest– An opportunity for Indian Textile industry

Ludhiana: As political and social unrest disrupts industrial activity in Bangladesh, Indian textile manufacturers are finding a temporary opportunity to negotiate new deals and regain some ground lost to their Bangladeshi counterparts. According to the industrialists, if garment manufacturing in Bangladesh faces prolonged closures, it can be a good opportunity for the Indian textile industry..

Dumping of cheap Chinese fabrics & amp; Duty-free import of man-made fabrics from Bangladesh, MP Arora raises issue in RS

Ludhiana:  MP (Rajya Sabha) from Ludhiana Sanjeev Arora raised an important issue of Dumping of cheap Chinese fabrics & Duty-free import of man-made fabrics from Bangladesh in the ongoing session of Rajya Sabha on Monday. In his address, Arora said the industry is facing a dual challenge of slowing export demand and a large influx.

Jalandhar DC visits leather complex- hails the services of Regional CLRI office for promotion of leather industry

Jalandhar: Deputy Commissioner, Jalandhar Dr. Himanshu Aggarwal today visited Leather Complex, Jalandhar and Regional office of Central Leather Research Institute, Jalandhar.  CETP Stake Holders brought to the kind notice of Deputy Commissioner, Jalandhar that sewerage lines of wet zone area of Leather Complex remains chocked and the sewage waste water overflows besides issues of ownership.