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Asia’s deepest gas field R-cluster begins production off Andhra Pradesh coast
NEW DELHI: The second wave of oil and gas discoveries in the crucial KG basin came onstream on Friday with the Reliance Industries-BP Plc combine announcing the start of production in Asia deepest gas block: the deepwater R cluster. This…
Telangana leading the way in investments: HDFC Bank chief
HYDERABAD: Pointing out that all States need to do a lot more to attract investments, for which they have to improve labour, power, ease of clearances and industrial policies, Chief Economist and EVP of HDFC Bank Abheek Barua lauded the…
Indian banks pursue UK bankruptcy order against Vijay Mallya
LONDON: A consortium of Indian banks led by the State Bank of India (SBI) returned to the High Court in London for a bankruptcy application hearing against liquor tycoon Vijay Mallya, as they pursue the recovery of debt from loans paid out…
Finance Minister Nirmala Sitharaman hints at aggressive privatisation, spending
NEW DELHI: Asserting that the government will not shy away from taking strong decisions, Finance Minister Nirmala Sitharaman on Thursday said that the Centre will move ahead with its aggressive divestment policy and continue to roll out…
38 US states file anti-trust lawsuit against Google over ‘abuse of internet search…
SAN FRANCISCO: Dozens of US states on Thursday hit Google with its third antitrust suit in as many months, accusing the internet giant of abusing its internet search dominance to eliminate competition. The suit by antitrust enforcers from…
Govt proposes adoption of 20% ethanol-blended gasoline as fuel & E20-compliant vehicles
New Delhi: The Centre has published a draft notification for introducing the adoption of E20 fuel, ie, blend of 20 percent of ethanol with gasoline, to promote green fuel and has sought comments from the public. “The Ministry of Road…
BPCL Board of Directors approves merger of BGRL with itself
New Delhi: The Board of Directors at state-run Bharat Petroleum Corporation Ltd (BPCL) has given its ‘in principle’ approval to the merger of Bharat Gas Resources Ltd (BGRL) with itself. BGRL is a wholly owned subsidiary of BPCL. After a…
What is new National Rail Plan of Indian Railways?
New Delhi: In an endeavour to address the inadequacies of capacity constraints and improve its modal share in total freight ecosystem of the country, Indian Railways has come up with Draft National Rail Plan. A long term strategic plan…
Reliance & BP announce start of natural gas production from R Cluster in block KG D6
Mumbai: Reliance Industries Limited (RIL) and BP have announced on Friday the start of natural gas production from the R Cluster, ultra-deep-water gas field in block KG D6 off the east coast of India. RIL and BP are developing three…
Zomato ranks as worst performing digital platform; CEO takes ‘full responsibility’
NEW DELHI: After facing the flak for being the worst performing digital platform on the Fairwork India Ratings, Zomato CEO Deepinder Goyal has taken the full responsibility for such an abysmal performance, saying the company will try its…
Fed keeps rate near zero and sees brighter economy in 2021
Washington: The Federal Reserve said Wednesday that it will keep buying government bonds until the economy makes "substantial" progress, a step intended to reassure financial markets and keep long-term borrowing rates low indefinitely.…
Global cues unleash bulls in equity market, pharma stocks rally
New Delhi: Bullish global cues after the US FOMC meet lifted the key Indian equity indices to reach new record intraday highs on Thursday.
Accordingly, the market had a "gap up" opening at their respective high levels.
In terms of…
Ten states sue Google for ‘anti-competitive’ online ad sales
Dallas: Ten states on Wednesday brought a lawsuit against Google, accusing the search giant of "anti-competitive conduct" in the online advertising industry, including a deal to manipulate sales with rival Facebook.
Texas Attorney…
US stocks rally with all 3 key indexes hitting record highs
NEW YORK, Dec 18 (Sputnik) US stocks rallied on Thursday with all three key indexes hitting record records on signs that Congress was closing in on a new COVID-19 stimulus package.
The S&P 500, a barometer for the top 500 US stocks on…
Spectrum auction: Higher bands in next round
New Delhi, Dec 16 (UNI) The Union Cabinet on Wednesday approved a proposal of the Department of Telecommunications to conduct the next round of spectrum auction for commercial mobile services.
Minister of Communications Ravi Shankar…
Samsung to expand foldables, support S-Pen on other devices
Seoul: Samsung Electronics said on Wednesday it plans to expand its foldable smartphone lineup next year and hinted that stylus support may be available to more Galaxy devices as the South Korean tech giant revealed its mobile business…
European Parliament approves $1.2 Trillion Budget
Brusseles Dec16 (Sputnik) - The European parliament on Wednesday approved the seven-year budget of over one trillion euros ($1.2 trillion).
According to a statement published on the European Parliament, the legislative body agreed the…
Jaishankar launches govt website on economic diplomacy
New Delhi, Dec 16 (UNI) External Affairs Minister S. Jaishankar on Wednesday launched the government website on Economic Diplomacy-- www.indibiz.gov.in--showcasing the country's economic, sectoral, and State-wise strengths that make for an…
Bitcoin hits all-time high above $21,000
Moscow, Dec 17 (Sputnik) – The world's most popular cryptocurrency, Bitcoin, has hit a new all-time high of more than $21,000.
On Binance, the largest cryptocurrency exchange by trading volume, Bitcoin was trading up 8.31 percent at…
November retail inflation eases to 7%, food prices cool down
New Delhi: Cheaper food prices lowered India's sequential retail price inflation in November.
Sequentially, the Consumer Price Index (CPI), which gauges the retail price inflation, rose at a slower rate of 6.93 per cent in November from…
