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NEW DELHI: State-owned power sector financiers Power Finance Corporation (PFC) and REC Ltd on Thursday informed stock exchanges that they are moving ahead with a proposed merger following the 2026-27 Budget announcement, aiming to create a single large govt-controlled financing institution for the electricity sector.In separate but identical regulatory filings, both companies said the combined…
HYDERABAD: The Telangana govt announced the launch of Aikam, its flagship autonomous AI innovation entity that is being positioned as a “global proving ground” for deploying artificial intelligence (AI) at scale, on the sidelines of the World Economic Forum annual meeting in Davos on Thursday.Aikam has been designed with an eye on positioning Telangana among…
NEW DELHI: The National Investigation Agency (NIA) on Monday filed a chargesheet in the April 22 Pahalgam terror attack case, naming Lashkar-e-Taiba (LeT)/The Resistance Front (former’s front) among seven accused. Sources said the LeT/TRF role was established after the origin of the two messages put out by TRF on its digital media platform, first claiming…
MUMBAI: Indian Continent Investment, a promoter group entity of telecom services major Bharti Airtel, is eying to mobilise about Rs 7,200 crore (about $806 million) by selling about 3.4 crore shares, translating to nearly 0.6% of the company’s equity) through block trades on Wednesday. Goldman Sachs India is managing the offer, the term sheet for…
MUMBAI: Ports operator Adani Ports and Special Economic Zone Ltd (APSEZ) expressed an intent to participate in projects worth Rs 53,000 crore at the upcoming Vadhvan port in Palghar by signing two MoUs with the Centre-run Jawaharlal Nehru Port Authority (JNPA) on Tuesday. The MoUs were inked at the ongoing India Maritime Week Summit in…
Life Insurance Corporation (LIC) of India NEW DELHI: Days after Washington Post reported that the Centre had asked LIC to invest in Adani Group companies, the state-run player has said that it did not receive any instructions from the govt for investing in any entity of the conglomerate. “LIC categorically clarifies that the documents mentioned…
Lawrence Bishnoi (File photo) NEW DELHI: Canada govt Monday listed Lawrence Bishnoi syndicate as a “terrorist entity”. The tag that follows Royal Canadian Mounted Police claims, not substantiated yet, that Bishnoi hired the killers of pro-Khalistan terrorist Hardeep Singh Nijjar allows Canadian cops to prosecute offences committed by the gang pertaining to financing, travel and…
Canadian government has listed the Lawrence Bishnoi gang as “terrorist entity” for creating a “climate of fear and intimidation,” an official press statement said on Monday. The statement noted the gang’s presence in the country and said that it was active in “areas with significant diaspora communities.““Acts of violence and terror have no place in…
