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‘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…
FM Sitharaman begins buzy US visit, meeting with top investors planned
New Delhi, Oct 11 (UNI) In her packed schedule during week-long US visit, Finance Minister Nirmala Sitharaman is set to attend the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting in Washington besides annual meets of…
India may have to let go digital tax as it agrees on global taxation rule
NEW DELHI: India may have to let go digital tax from October 8, however, it expects to gain from the deal higher as it, along with the group of 136 countries, has agreed on global taxation to ensure big companies pay a minimum tax of 15%,…
Aim for USD 450-500 billion exports next year: Goyal to exporters
NEW DELHI: The country's exports are growing at a healthy rate and now exporters can aim for USD 450-500 billion of outbound shipments during the next fiscal year, Commerce and Industry Minister Piyush Goyal said on Saturday.
Exports…
