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The Economic Times
Gurgaon realty Cos use new TDR policy to increase saleable area
Developers in Gurgaon are leveraging the Haryana government's Transfer of Development Rights (TDR) policy to expand commercial and residential projects. This allows landowners to receive TDR certificates instead of monetary compensation, which can be sold to developers. Companies like Godrej, AIPL, and Landmark are utilizing TDR to maximize project potential.
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Thu, Sep 19, 2024
The Economic Times
X unlikely to fall under landmark EU tech rules
Elon Musk's X social media platform is unlikely to be subjected to the EU's landmark tech rules under the Digital Markets Act. The European Commission had investigated X, but it does not meet the criteria of having over 45 million monthly active users and a market capitalisation of 75 billion euros.
Mint
X unlikely to fall under landmark EU tech rules, source says
EU-X-TECH:X unlikely to fall under landmark EU tech rules, source says
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Fri, Sep 13, 2024
Business Standard
Auto industry hits Rs 20 trn in FY24; contributes 14-15% to total GST: Siam
The Indian automotive industry has crossed Rs 20 lakh crore mark in FY24 and now contributes 14-15 per cent of the total GST collected in the country, SIAM President Vinod Aggarwal said on Monday. The auto sector also contributes significantly to the direct and indirect employment generation in the country, he said while speaking at the 64th annual ACMA session here. "The Indian automotive industry has crossed a landmark figure of Rs 20 lakh crore (around USD 240 million) in FY24...we are contributing almost 14-15 per cent of the total GST collected in the country," Aggarwal said. The auto industry will contribute more and more to the GDP of the country from the current level of around 6.8 per cent, he noted. It is not just the growth numbers, but equally important is the transformation in the technology, he added. Aggarwal stated that globally also the standing Indian auto industry has risen. "We have become the third largest passenger vehicle market, the largest two and three
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Mon, Sep 9, 2024
The Economic Times
Quant Mutual Fund crosses Rs 1 lakh crore AUM in August
The fund house mentioned that, “At quant, we are today acknowledging our emotional connection with our stakeholders, which is pouring forth in a big way as we put a marker down, with over 81 million of our unique investors, on a unique landmark within just a few years.”
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Sat, Sep 7, 2024
Business Standard
Nazara Tech partners with Telangana govt for AI centre of excellence
Gaming and e-sports company Nazara Technologies has inked a pact with the government of Telangana to establish an AI centre of excellence (AI CoE) focused on gaming and digital entertainment, a release said on Thursday. The 'Nazara AI CoE' will focus on research, development, and innovation in areas such as gaming, interactive media, gamified learning, and other digital content, leveraging cutting-edge technologies like AI, VR/AR (virtual and augmented reality), blockchain, and Web 3.0. "Nazara Technologies has signed a landmark Memorandum of Understanding (MoU) with the Government of Telangana," the release by Nazara said. With the strategic partnership in place, Nazara aims to establish an AI centre of excellence focusing on gaming and digital entertainment, underlining the company's strengths in AI-driven gaming and digital entertainment space, and Telangana as a global hub for AI innovation. "Telangana's proactive approach in fostering industry growth through public-private ...
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Thu, Sep 5, 2024
Business Standard
Crompton completes LED street lighting project for NHAI road project in Bengaluru
Crompton Greaves Consumer Electricals has completed a landmark LED street lighting project on Bengaluru's Satellite Town Ring Road (STRR) in partnership with SNC (Shankaranarayana Construction) for National Highways Authority of India (NHAI) - NH648. This transformative initiative marks a significant step towards enhancing road safety along key national highways.
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Mon, Sep 2, 2024
The Economic Times
Landmark Group to invest Rs 4,200 crore in two years in real estate projects
Gurugram-based Landmark Group will invest Rs 4200 crore in developing luxury, retail, and commercial projects in micro-markets like Dwarka Expressway and New Gurgaon. The company has two ongoing projects in Gurugram with significant revenue expectations. Landmark aims to meet increasing demand in the region with its new ventures.
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Mon, Sep 2, 2024
The Economic Times
Meta faces $3.6 million fine in Brazil for allowing bogus ads
In her ruling, Judge Joana Ribeiro said it was unacceptable for Meta to sell ads in an insecure way to sustain its business model. The department store, Havan, called the decision a “landmark” in protecting the company’s rights.
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Sun, Sep 1, 2024
Business Standard
NMDC Steel's hot rolled coil production hits 1 MT-mark within a year
State-owned NMDC Steel Limited (NSL) on Wednesday announced producing 1 million tonnes of hot rolled coil (HRC) at its plant in Nagarnar, Chhattisgarh in a year's time. NMDC Steel Ltd, an entity demerged and formed from mining firm NMDC, owns and operates the 3 million-tonne Nagar Steel Plant -- referred as India's youngest steel unit -- and has been set up with an investment of around Rs 23,000 crore. "NSL announces a landmark achievement of its production capabilities. Today, this ultra-modern plant has successfully produced 1 MT HRC four days ahead of the first anniversary of commencement of HR coil production," the company said in a statement. On July 21, 2024, the company had achieved the production of 1.5 MT of hot metal from its blast furnace and produced 1 MT of liquid steel from the steel making shop (SMS) on August 11. Both milestones were reached in less than a year from the commencement of production, the company said. The company's CMD Amitava Mukherjee said, "Achievi
Business Standard
India, US ink 'landmark' agreement on cooperation in MSMEs sector
India and the US on Tuesday signed a "landmark" agreement that provides a framework for both sides to explore cooperation in the micro, small and medium enterprises (MSME) sector. External Affairs Ministry Spokesperson Randhir Jaiswal said the Memorandum of Understanding (MoU) would enable MSMEs of the two countries to foster trade. "Today, India-US signed a landmark MoU that enables MSMEs of the two countries to participate in global markets, drive innovation, foster trade, and support women entrepreneurs," he said on X. The MoU was signed in line with a decision taken during Prime Minister Narendra Modi's visit to the US in June last year. The pact was inked by the two sides in New Delhi. The MoU provides a framework for both sides to discuss issues concerning the MSME sector and explore possibilities of cooperation. It envisages the exchange of expertise between the two sides on issues related to improving MSME participation in the global marketplace; cooperation in areas of .
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Tue, Aug 13, 2024