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Aluminium makers face coal shortage, send SOS
NEW DELHI: The ongoing coal crisis has taken its toll not just on the power sector, but also on non-power sectors especially the aluminium industry. A day after Coal India decided to temporarily halt fuel supply to non-power sectors, the…
5 SUVs in top 10 passenger vehicles sold in India
NEW DELHI: Few years back India’s top 10 list was entirely dominated by hatchbacks and entry level sedans that were easy on pocket and delivered high mileage. Then came Hyundai’s Creta and Maruti Suzuki’s Brezza. The two SUVs became a…
India offers spectrum of opportunities: FM Sitharaman tells US CEOs
WASHINGTON: India offers a spectrum of opportunities to investors and business firms, Finance Minister Nirmala Sitharaman told executives of top American companies as she met and apprised them of various flagship programmes of the Indian…
‘Challenging operating environment’: Microsoft to shut down LinkedIn in China year end
REDMOND: Microsoft is shutting down its LinkedIn service in China later this year after censorship rules were tightened by Beijing.
The company said in a blog post Thursday it has faced “a significantly more challenging operating…
TNIE Expressions: ‘Pharma sector needs Government push’, says Secretary General of IDMA
Government support is needed on various tax benefits for innovation and research in the pharma manufacturing space, says Daara B Patel, Secretary General, Indian Drug Manufacturers’ Association (IDMA), during an interaction with the…
COVID pandemic is exacerbating poverty and inequalities: International Monetary Fund
WASHINGTON: The emergence of new coronavirus variants has increased uncertainty, posing downside risks to the green shoots of the global economy, the International Monetary Fund said Thursday while ruing that the crisis is exacerbating…
No shortage of anything; reports of coal crisis baseless
BOSTON: Amid reports of the ongoing coal shortage in the country, Finance Minister Nirmala Sitharaman stressed that there is no shortage and termed these as "absolutely baseless", saying India is a power surplus country.
Sitharaman said…
NLC India making efforts to ramp up coal output
NEW DELHI: State-owned NLC India is making efforts to ramp coal output from one of its mines in Odisha to up to 10 million tonnes per annum this year.
The company aims to increase the coal production to up to 20 Million Tonnes Per Annum…
CarDekho raises USD 250 million to accelerate growth
NEW DELHI: Car search platform CarDekho on Wednesday said it has raised USD 250 million (around Rs 1,881 crore) at a valuation of USD 1.2 billion.
The Jaipur-based firm said it has raised USD 200 million in Series E funding and USD 50…
Reliance to invest in NexWafe as strategic lead investor
NEW DELHI: Billionaire Mukesh Ambani's Reliance Industries has invested EUR 25 million in German solar wafer maker NexWafe GmbH to use the firm's technology to set up giga-scale wafer manufacturing facilities in India.
"NexWafe GmbH…
Sensex rallies 453 points to new closing peak above 60700-mark
MUMBAI: Equity benchmark Sensex soared 453 points to touch a new closing high of 60,737 on Wednesday, tracking gains in index heavyweights Reliance Industries, ITC and Infosys amid a positive trend in global markets.
After scaling a…
Industrial production (IIP) grows 11.9 per cent in August, shows recovery on firm footing
New Delhi, Oct 12 (UNI) The Index of Industrial Production (IIP) rose 11.9 per cent year-on-year in August, 2021 as compared to 11.5 per cent in July showing economic recovery on firm footing post second wave of pandemic.
As per data…
PFC gets Maharatna status; march towards more financial autonomy
New Delhi, Oct 12 (UNI) The government has granted ‘Maharatna’ status to Power Finance Corporation Ltd (PFC) giving the state-owned company greater operational and financial autonomy.
Incorporated in 1986, PFC is the largest infrastructure…
Punjab Governor condoles demise of IFFCO Chairman Balwinder Nakai
Chandigarh, Oct 12 (UNI) Punjab Governor Banwarilal Purohit has expressed grief over the demise of the Indian Farmers Fertiliser Cooperative Limited (IFFCO) Chairman Balwinder Singh Nakai.
In his condolence message, the Governor said Mr…
Vehicle Tracking System to be installed in private buses too, in Punjab
Chandigarh, Oct 12 (UNI) Punjab Transport Minister Amarinder Singh Raja Warring on Tuesday announced that the newly launched Vehicle Tracking System (VTS) will be further extended to all private buses operating in the state.
While…
RBI may hike rates in March qtr of 2022; coal and chip shortages a worry: Report
MUMBAI: The Reserve Bank is likely to change the stance of its monetary policy and hike rates from the first quarter of 2022, a Japanese brokerage said on Monday.
The central bank will start with liquidity normalisation moves this month,…
Will not handle containerised cargo from Iran, Pakistan, Afghanistan: Adani Ports
AHMEDABAD: Adani Ports and SEZ Ltd (APSEZ), which operates Mundra Port in Gujarat, on Monday said it will not handle containerised cargo originating from Iran, Pakistan and Afghanistan at all its terminals from November 15.
The decision…
Aviation Ministry gives nod to Rakesh Jhunjhunwala-backed Akasa Air to operate in India
NEW DELHI: The Ministry of Civil Aviation has given a no-objection certificate (NOC) for the operation of Rakesh Jhunjhunwala-backed new airline 'Akasa Air' in India, a company statement said on Monday.
The new airline aims to start…
TCS shares tank over 6 per cent post Q2 results; Mcap erodes by Rs 92,032 crore
NEW DELHI: Shares of Tata Consultancy Services on Monday tumbled over 6 per cent after the company's September quarter earnings missed market expectations. The stock tanked 6.32 per cent to close at Rs 3,686.50 apiece on the BSE.
During…
Sensex breaches 60K level again, NIFTY at 17,946
Mumbai, Oct 11 (UNI) Extending gains for the third consecutive session on Monday, the Sensex closed strong at 60,135.78, up by 76.72 pts on the strength of Utilities, Power, Auto and Realty stocks amid weak global cues.
The Nifty of…
