(ET) Baba Ramdev on Wednesday hinted that Patanjali Ayurved may shortly announce plans to go public. Asked whether the group has plans to get listed in the stock market, Ramdev said he would be able to share some “good news” related to this in a month’s time. Patanjali Ayurved, which started out as a small pharmacy, quickly grew to challenge multinational FMCG giants as it expanded into diverse segments. The company aims to achieve Rs 20,000 crore in annual revenues in three to five years. Patanjali reached Rs 10,000 crore in revenues FY16 from less than Rs 500 crore in FY12.
Author: Amit Bhanot
(PTI) Amid hectic lobbying in the Congress for the top posts in Rajasthan, Madhya Pradesh and Chhattisgarh, party president Rahul Gandhi Thursday held deliberations with central observers and MLAs at his residence and said the names of the chief ministers would be declared soon. Gandhi met the party’s observers — K C Venugopal for Rajasthan and A K Antony for Madhya Pradesh early morning along with the state unit in-charges and later met the contenders. “Yes, you will see a chief minister soon…,” he said when asked about when the decision will be taken. “We are checking, taking inputs from different people…
(PTI) A Congress delegation will meet Governor Kalyan Singh at 7 PM Wednesday to stake claim on government in Rajasthan. The governor has given an appointment to a Congress delegation at 7 PM today, Raj Bhawan sources said. The delegation led by the chief ministerial candidate, to be decided by party president Rahul Gandhi on the basis of feedback from the MLAs, will call on the governor and stake claim to form government. The contenders for the chief minister’s post are Pradesh Congress Committee president Sachin Pilot and former chief minister Ashok Gehlot, both of whom won huge victories in their constituencies. “We…
(LiveMint) Shaktikanta Das, former economic affairs secretary, has assumed charge on Wednesday as the 25th governor of the Reserve Bank of India. The government on Tuesday appointed Das, 61, as the RBI governor for a three-year term, a day after Urjit Patel tendered his resignation. Das, a 1980-batch Tamil Nadu cadre IAS officer, oversaw the re-monetisation of the economy after the Prime Minister Narendra Modi’s shock decision to withdraw 86 per cent of the currency in circulation in November 2016. After his retirement, he was named India’s G-20 sherpa and also appointed as a member of the 15th Finance Commission.
(PTI) Seeking to “keep the BJP out of power”, BSP chief Mayawati Wednesday said her party will extend support to the Congress to form government in Madhya Pradesh and, if required, in Rajasthan too. With the Congress managing a wafer-thin majority in Madhya Pradesh, she said the BJP is making efforts to return to power in the state. “We fought elections to keep the BJP out of power … We do not agree with the philosophy of the Congress. But to keep the BJP out of power, we will extend it our support,” she said. The former Uttar Pradesh chief minister also…
(PTI) The Centre will initially spend Rs 70,000 crore to spread gas pipelines across the country, and is working out plans to expand gas network to Myanmar through Bangladesh, Union Minister Dharmendra Pradhan said Wednesday. The central government is promoting gas based economy which needs a massive network of pipelines for transportation of natural gas to various corners of the country, he said. “In the first phase Rs 70,000 crore will be invested to spread gas pipeline network across the country,” the petroleum minister said while addressing the 19th National Conference on Corrosion Control organised here. Pradhan said India is…
Union Minister for Water Resources, River Development and Ganga Rejuvenation Shri Nitin Gadkari today expressed his satisfaction over the positive feedback being received for Clean Ganga Mission and assured the people of the country that their dream of rejuvenated Ganga will soon be fulfilled. He said that with the support of all stakeholders, the work on Clean Ganga Mission is going on war footing and the hard work of all stakeholders has started to show visible results on ground. “The government has freed Kanpur from the ill effects of Sisamau drain after 128 years, which was infamous for the pollution…
(PTI) The Reserve Bank of India (RBI) Wednesday expectedly kept interest rates unchanged but held out a promise to cut them if the upside risks to the inflation do not materialise. It also coaxed banks to lend more in order to support the slowing economy. With all the six member of the monetary policy committee (MPC) voting for a hold on rates, the RBI kept benchmark repurchase (repo) rate at 6.5 per cent. Having raised rates twice this year, the central bank retained its ‘calibrated tightening’ policy stance. “Even as inflation projections have been revised downwards significantly and some of the risks pointed…
(Tribune) A N Jha, Secretary, Expenditure, has been appointed as new Finance Secretary, a government order said on Monday. Prime Minister Narendra Modi-led Appointments Committee of the Cabinet has cleared Jha’s appointment to the post after incumbent Hasmukh Adhia, a 1981-batch Gujarat cadre officer of the Indian Administrative Service (IAS), retired on November 30. Fifty-nine-year old Ajay Narayan Jha, is a 1982-batch IAS officer of Manipur Tripura cadre. An alumnus of St Stephen’s College from where he passed with first class in Graduation and post graduation in History, Jha is a recipient of World Bank scholarship to pursue Masters in Economic Policy…
(Tribune) NTPC has generated 5 trillion units of electricity as on November 30 from its power stations spread across the country since inception. The power major with an installed capacity of 52,946 MW has 20 coal-based, 7 gas-based, 11 solar PV, 1 hydro, 1 small hydro, 1 wind and 9 subsidiaries/joint venture power stations. Ojas Super Speciality Hospital, Panchkula, recently celebrated its first anniversary. Ojas Super Speciality Hospital is a dream project of a group of doctors of Panchkula and Chandigarh who were pioneers in their fields and had an experience of 15-30 years in their respective specialities.