Category: Government

ABB Wins Rs 115 cr order from Indian Railways.

ABB, the Swedish-Swiss multinational corporation headquartered in Zurich, Switzerland, operating mainly in robotics, power, heavy electrical equipment and automation technology areas announced today that the firm had won an order worth Rs 115 crore from Indian Railways to supply traction transformers. The order has been awarded by Diesel Locomotive Works, Varanasi, ABB said in a…

Govt takes control of IL&FS, proposes Uday Kotak as chairman of the new 6-member board

The Indian government has taken the control of the debt-ridden Infrastructure Leasing & Financial Services (IL&FS). As a start, the government filed an application with the National Company Law Tribunal (NCLT) to dismiss the current board of IL&FS. The government thought it would be detrimental to run the firm with its current directors.The petition filed was accepted…

Elevate 2018: Karnataka gov Shortlists 77 Startups for Incubation Programme.

ELEVATE is an initiative by Government of Karnataka to provide a comprehensive entrepreneurship platform for startups. The Department of Information Technology, Biotechnology, and science and technology have shortlisted 77 startups out of 250 finalists for Elevate 2018.  These top technology-based startups chosen through a rigorous hunt across Karnataka State will receive a whopping sum of Rs…