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Applauding the launch of the US-India Strategic Trade Dialogue ahead of the State Visit of Prime Minister Narendra Modi, a top American trade body on Wednesday said the amount of energy and political capital being dedicated by both sides to address export controls and tech releasability sends signals of confidence to key business sectors and civil society.
We were very proud to have been part of the process to launch the Initiative on Critical and Emerging Technologies (iCET) at the US Chamber of Commerce in January and are delighted that both sides have started this Strategic Trade Dialogue under the aegis of that initiative, President of the US India Business Council (USIBC) Atul Keshap said.
The inaugural India-US Strategic Trade Dialogue (IUSSTD) held here Tuesday is a key mechanism to take forward the strategic technology and trade collaborations envisaged under the India-US initiative on Critical and Emerging Technologies (iCET).
The Indian delegation was led by Foreign ...

Applauding the launch of the US-India Strategic Trade Dialogue ahead of the State Visit of Prime Minister Narendra Modi, a top American trade body on Wednesday said the amount of energy and political capital being dedicated by both sides to address export controls and tech releasability sends signals of confidence to key business sectors and civil society.

Trade body USIBC applauds launch of US India Strategic Trade Dialogue

Press Trust of India

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The Karnataka High Court has rejected the petition by a construction company seeking the return of the bank guarantee which was encashed by the Karnataka State Police Housing and Infrastructure Development Corporation (KSPHIDC) for alleged shoddy construction of police quarters by the firm.
The High Court also directed that engineers involved in shoddy constructions using public money be brought to book.
Citing earlier Supreme Court judgements, the High Court said that bank guarantees were not for show and the corporation had done the right thing. "What would unmistakably emerge is that the Bank Guarantee is not furnished for it to be photo-framed and hung on the wall, it has a purpose. The purpose is redeemed by the Corporation and cannot be found fault with."
PG Setty Construction Technology Pvt Ltd had approached the High Court after KSPHIDC encashed the bank guarantee of Rs 1,15,13,500 for allegedly shoddy construction of 144 police quarters in Mandya and Chamarajanagar district

The Karnataka High Court has rejected the petition by a construction company seeking the return of the bank guarantee which was encashed by the Karnataka State Police Housing and Infrastructure Development Corporation (KSPHIDC) for alleged shoddy construction of police quarters by the firm.

Contractors cannot undertake shoddy construction using public money: HC

Indian rupee

Kerala Financial Corporation, a Kerala government-owned finance firm, on Wednesday said it recorded about four-fold jump in its net profit at Rs 50.19 crore in the financial year ended on March 31, 2023.
The company has earned a net profit of Rs 13 crore in the preceding fiscal.
Total income has increased to Rs 694.38 crore against Rs 518.17 crore last year, Kerala Finance said in a statement.
The interest income rose by 38 per cent to Rs 543.64 crore.
The loan portfolio increased by 37 per cent to Rs 6,529.40 crore as against Rs 4,750.71 crore in the preceding year.
With the state government infusing a share capital of Rs 200 crore as of March 31, 2023, the capital adequacy ratio of Kerala Finance improved to 25.58 per cent against 22.41 per cent a year ago.
This is against the minimum of 15 per cent prescribed for non-banking financial companies by RBI.

Kerala Financial Corporation, a Kerala government-owned finance firm, on Wednesday said it recorded about four-fold jump in its net profit at Rs 50.19 crore in the financial year ended on March 31, 2023.

Kerala Financial Corporation records four-fold jump in profit at Rs 50 cr

The Initial Public Offering (IPO) of LED lighting solution provider IKIO Lighting was subscribed 6.83 times on the day two of the share sale on Wednesday.
The Rs 606.5-crore IPO received bids for 10,40,31,096 shares against 1,52,24,074 shares on offer, according to NSE data.
The portion for non-institutional investors received 15.99 times subscription, the category for Retail Individual Investors (RIIs) was subscribed 5.92 times and Qualified Institutional Buyers (QIBs) part got 1.37 times subscription.
The IPO has a fresh issue of up to Rs 350 crore and offer of sale of up to 90 lakh equity shares and comes in a price range of Rs 270-285 a share.
On Monday, IKIO Lighting Ltd said it has mobilised Rs 182 crore from anchor investors.
Proceeds from the fresh issuance worth Rs 50 crore will be used for debt payment, Rs 212.31 crore in the company's wholly-owned subsidiary IKIO Solutions to set up a new facility at Noida, Uttar Pradesh, and for general corporate purposes.
IKIO Lighti

The Initial Public Offering (IPO) of LED lighting solution provider IKIO Lighting was subscribed 6.83 times on the day two of the share sale on Wednesday.

IKIO Lighting IPO subscribed 6.83 times on second day of share sale

Omkar Realtors clocks record 3,000 SRA homes delivery in its Bhoiwada project

Mumbai (Maharashtra) [India], June 7: Mumbai's leading SRA developer, Omkar Realtors has clocked a record delivery of 3,000 rehab units in its Bhoiwada (Parel-Sewri belt) residential project with its latest handover of 370 rehabilitation units under the state governments SRA scheme. The project now houses over 16,000 slum dwellers which will get scaled to approx. 25,000 slum dwellers at the end of the current phase.

ANI Press Release

Urban revitalization projects: Transforming cities through real estate

Delhi NCR [India], June 7: Urban revitalisation projects have emerged as a powerful measure for transforming cities, breathing new life into neglected areas and unlocking their potential for growth. One key aspect of these projects is the strategic development of real estate, which plays a vital role in reshaping urban landscapes. Urban revitalisation projects drive positive change and shape future cities by reimagining existing spaces, creating vibrant communities, and attracting investment.

Pay Store Pe, a one-stop destination for all food and grocery needs

New Delhi [India], June 7: With more than 1,000 products and over 1,000 popular brands, Pay Store Pe (paystorepe.com) offers customers a one-stop destination for all their food and grocery needs and has emerged as a prominent player in the online and offline grocery retail industry.

Navraj Infratech: Building a Sustainable and Trustworthy Future in Gurugram

Gurugram (Haryana) [India], June 7: Navraj Infratech, committed to providing customers with larger, sustainable projects developed at prominent locations, is set to emerge as a visionary brand in today's dynamic real estate landscape. With its dedication to transparency, exceptional facilities, and precise attention to detail, Navraj Infratech is heading to become a renowned name in and around Gurugram, redefining the standards of excellence in the industry.

fischer India is Now Great Place To Work Certified

Bengaluru (Karnataka) [India], June 7: fischer Building Materials India Pvt. Ltd., a leading company in the Fixing System Solution Industry, is thrilled to announce its recent achievement of being Certified as a Great Place To Work® Certified™ in India (from May 2023 to May 2024). This prestigious Certification is a testament to the company's unwavering commitment to fostering a positive and inclusive workplace culture. fischer India's Managing Director, Mayank Kalra, expressed his joy and gratitude upon receiving this recognition.

TeamUP Network: PropTech Solutions for Real Estate B2B Success

Mumbai (Maharashtra) [India], June 7: TeamUP Network App, a pioneering B2B platform, is revolutionizing the real estate business with its innovative approach to connecting professionals and creating market success. This game-changing tool uses cutting-edge technology to bridge the gap between real estate developers and brokers, revolutionizing the way the sector handles marketing.

Apple on June 5 detailed the new feature and tools coming to its platforms later this year. These platforms include iOS 17 for iPhone, iPadOS 17 for iPad, macOS Sonoma for Macs and much more. >

WWDC 2023: From Vision Pro to iOS 17, here are the biggest announcements by Apple

Apple on June 5 detailed the new feature and tools coming to its platforms later this year. These platforms include iOS 17 for iPhone, iPadOS 17 for iPad, macOS Sonoma for Macs and much more.

A new addition in the Samsung 5G smartphone line, the Galaxy F54 5G boasts a 6.67-inch super AMOLED screen of 120Hz refresh rate, a 108MP primary camera sensor with optical image stabilisation.

Samsung Galaxy F54 5G: Unboxing and hands-on | India-centric midrange phone

Apple debuted its augmented reality headset named Vision Pro at WWDC23. Apple calls it a new kind of computer that augments reality by seamlessly blending the real world with the digital world. >

Apple unveils the new Vision Pro headset

Apple debuted its augmented reality headset named Vision Pro at WWDC23. Apple calls it a new kind of computer that augments reality by seamlessly blending the real world with the digital world.

Nearly 300 persons have been killed and 900 injured in the Odisha train accident. From Bagmati train accident to the Odisha tragedy, hundreds of people have been killed in a number of train accidents

From Bagmati to Odisha tragedy: Why do train accidents happen in India

Semiconductor Chip Race: Where does India stand in the race to manufacture one of the most wanted electronic components? Watch the video to know. >

Race to manufacture semiconductor chips: Where does India stand?

Semiconductor Chip Race: Where does India stand in the race to manufacture one of the most wanted electronic components? Watch the video to know.

Railways said that indigenously-developed automatic train protection system "Kavach," which was not installed on the route where the accident in Odisha's Balasore occurred, could not have prevented it

Why Kavach could not have prevented Odisha train accident: Indian Railways explains

Zimbabwe is now considered the most miserable country according to Steve Hanke's Annual Misery Index. But where does India stand? Watch this video to know

Take a look at the world's 'most miserable' countries

Sebi has come out with a consultation paper on the expense ratios of mutual funds. As the industry grows, Sebi wants fund houses to share economies of scale with customers. >

'Sebi is keen that AMCs share the benefits of larger AUM with customers'

Sebi has come out with a consultation paper on the expense ratios of mutual funds. As the industry grows, Sebi wants fund houses to share economies of scale with customers.

From PAN-Aadhaar linking to Higher EPS pension deadlines, the month of June will see a number of changes that would affect the common man. 

Let's take you through some of the changes >

9 Game-Changing June Updates That Will Shake Your Wallet

From PAN-Aadhaar linking to Higher EPS pension deadlines, the month of June will see a number of changes that would affect the common man. 

Let's take you through some of the changes

Apple's new stores in Delhi & Mumbai have grossed monthly sales of more than Rs 22-25 crore each. Industry experts have said that the figure is around twice the sale of an electronics store in India >

Record-breaking sales: Apple's India stores reach Rs 25 cr monthly revenue mark

Apple's new stores in Delhi & Mumbai have grossed monthly sales of more than Rs 22-25 crore each. Industry experts have said that the figure is around twice the sale of an electronics store in India

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