Company will use the money to increase revenue, product development, get users

MobiKwik, wallet

By early 2017, 'M-Gullak' will be available for over 50 million users in Delhi and other metros, said Upasna Taku, director of MobiKwik

Adani Group on Thursday bagged two contracts worth Rs 13,888 crore from a state-owned discom to install smart meters.
A total of six tenders were awarded by the Maharashtra State Electricity Distribution Company Ltd (MSEDCL) to install smart meters, of which two have been bagged by the Adani Group, according to an official communiqu from the discom seen by PTI.
The diversified group, which has a sizeable presence in the power sector and had recently won a Rs 1,000 crore contract to install smart meters in the area serviced by BEST Undertaking in Mumbai, will act as an advanced metering infrastructure service provider for smart prepaid metering in MSEDCL, it said.
The two zones awarded to Adani include Bhandup, Kalyan and Konkan having 63.44 lakh meters, and Baramati and Pune having 52.45 lakh meters, it said.
Letter of Awards have been issued to the successful firms, as per the communiqu.
Officials from Adani Group were not immediately available for comment.
The group's transmiss

Adani, Adani Group

Tensions have been high since Canadian PM Trudeau on Monday alleged that the Indian government was behind the fatal shooting of Hardeep Singh Nijjar

visa, Canada

Stocks held by Canada Pension Plan Investment Board (CPPIB), which is among the biggest FPIs investing in the domestic market, have come under pressure since developments on the India-Canada tensions

India-Canada tensions: Multi-billion economic deals at risk if rift widens

India-Canada

Catch all the latest updates from across the globe here

Manipur

Adani group won the Dharavi rebuilding project in July by bidding $610 million for the project

Dharavi Redevelopment Project

Canada

The world's largest carmaker invited a clutch of journalists on a tour of three factories in Aichi prefecture, near its headquarters in the city of Toyota, last week for another peek

Toyota

"Our country is going through challenging times. What defines this country more than anything else is its secular character"

Kerala CM Pinarayi Vijayan

Days before potentially crossing paths with Russia's top diplomat at the United Nations, Ukrainian President Volodymyr Zelenskyy suggested Monday that the world body needs to answer for allowing his country's invader a seat at the tables of power.
"For us, it's very important that all our words, all our messages, will be heard by our partners. And if in the United Nations still  it's a pity, but still  there is a place for Russian terrorists, the question is not to me. I think it's a question to all the members of the United Nations," Zelenskyy said after visiting wounded Ukrainian military members at a New York hospital.
He had just arrived in the US to make his country's case to the world and to Washington for continued help in trying to repel Russia's invasion, nearly 19 months into what has become a grinding war.
Ukraine's Western allies have supplied weapons and other assistance, and the US Congress is currently weighing President Joe Biden's request to provide as much as USD 2

Ukraine's President Volodymyr Zelenskyy

MEA's statement comes after Canada expelled an Indian diplomat on Monday as it investigates credible allegations that India's government may have had links to the assassination in Canada

Canadian Prime Minister Justin Trudeau arrives for his daily press conference on COVID-19, in front of his residence at Rideau Cottage in Ottawa. Photo: PTI

Justin Trudeau

The fiscal burden of states will increase over time

pensions, funds, retirement, investments, investors, savings

The government introduced the Women's Reservation Bill in the Parliament almost three decades after it was first drafted

Parliament

Former RBI Governor Bimal Jalan said it is better if the person's expertise is considered than whether he/she is a bureaucrat or a private sector executive

TRAI

Canada identifies expelled Indian diplomat as RAW station chief in Ottawa, sources say Canadian diplomat expelled from Delhi is intelligence officer

Prime Minister Narendra Modi with Canadian Prime Minister Justin Trudeau

Increased spending on back of improved finances, says Deloitte study

festival season

Here is the best of Business Standard's opinion pieces for today

MSMEs

India attended a two-day meeting convened by a neutral expert in Vienna that was part of proceedings aimed at resolution of a dispute between New Delhi and Islamabad on the Kishenganga and Ratle hydroelectric projects in Jammu and Kashmir.
Senior Advocate Harish Salve was present in the capacity of India's lead counsel in the matter, the Ministry of External Affairs (MEA) said on Thursday.
"A delegation from India, led by Secretary, Department of Water Resources, attended a meeting of the neutral expert proceedings in the Kishenganga and Ratle matter at the Permanent Court of Arbitration in Vienna on September 20 and 21," it said.
The MEA said the meeting was convened by the neutral expert appointed on India's request under the aegis of the Indus Waters Treaty and was attended by representatives of India and Pakistan.
"India's participation in this meeting is in line with India's consistent, principled stand that as per the graded mechanism provided for in the Indus Waters Treaty, 

india-pakistan

Prime Minister Narendra Modi on Thursday lauded the parliamentary's approval to the women's reservation bill as a defining moment in the nation's democratic journey.
Parliament approved the bill for reserving one-third of seats in the Lok Sabha and state assemblies for women with the Rajya Sabha unanimously clearing it on Thursday. All 214 MPs present in the Upper House voted in favour of it.
"This is not merely a legislation; it is a tribute to the countless women who have made our nation. India has been enriched by their resilience and contributions," Modi posted on X as the Rajya Sabha unanimously passed the bill a day after its approval by the Lok Sabha.
"A defining moment in our nation's democratic journey! Congratulations to 140 crore Indians. I thank all the Rajya Sabha MPs who voted for the Nari Shakti Vandan Adhiniyam. Such unanimous support is indeed gladdening," Modi said.
With the passage of the 'Nari Shakti Vandan Adhiniyam' in Parliament, an era of stronger ...

PM Modi

More than 10 people were injured when Manipur security forces fired tear gas shells on protesters for trying to storm police stations and court arrest demanding the unconditional release of the five arrested youths on Thursday.
As a precautionary measure, the state government cancelled curfew relaxations in the twin districts of Imphal from 5pm, officials said.
Responding to a call by six local clubs and Meira Paibis demanding the release of the five village volunteers, hundreds of protesters holding placards and shouting slogans tried to enter the Porompat police station in Imphal East and Singjamei police station and Kwakeithel police outpost in Imphal West district.
However, police and RAF personnel deployed at strategic positions fired several rounds of tear gas shells to disperse the crowd.
A protester, identified as Th Bimola at Porompat said, "We were left with no option but to court arrest as the government failed to release the five village volunteers. If such village ...

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M-Gullak

Saving, investment app Gullak raises $3 mn in seed funding round

Mobikwik and Samagra launch 'M-Gullak' for urban poor