Reliance Industries Ltd’s new oil-to-chemical business unit will hold its oil refinery and petrochemical assets and retail fuel business but not upstream oil and gas producing fields such as KG-D6 and textiles business, the firm said detailing hiving-off plans. RIL has started work on hiving off the oil-to-chemical (O2C) business into a separate unit for […]
E-commerce giant Amazon India on Tuesday said it is adding five sort centres and expanding eight such existing facilities in the country to strengthen its capacity ahead of the festive season. The five new sort centres will be launched in Visakhapatnam, Farukhnagar, Bengaluru, Mumbai and Ahmedabad, a statement said. Apart from these new buildings, Amazon […]
Agriculture Department organized sale of hybrid variety of seedlings of Cabbage and Cauliflower Knol Khol, G.M.Dari Saag at Kitchen Garden Lalmandi today. The sale witnessed the tremendous enthusiasm of the people and heavy rush, not only from Srinagar but also from far-flung areas of the valley. During the distribution function necessary guidelines issued by various […]
Terming the 23.9 per cent fall in economic growth in June quarter alarming, former Reserve Bank Governor Raghuram Rajan has said bureaucracy should come out of complacency and take meaningful action. The current crisis requires a more thoughtful and active government, he said, adding “unfortunately, after an initial burst of activity, it seems to have […]
Union Minister Nitin Gadkari on Saturday asked Indian automobile and components industry not to depend on imports and develop local substitutes for products bought from overseas, saying the country’s auto sector has the potential to be the top global manufacturing hub. “The government has also taken several steps to encourage Indian companies to export more […]
The government’s decision to cap export incentives under Merchandise Exports from India Scheme (MEIS) at Rs 2 crore per exporter on outbound shipments made during September-December, 2020 is going to “seriously” affect traders, FIEO said on Wednesday. Federation of Indian Export Organisations (FIEO) president Sharad Kumar Saraf said exports that will be made during September-December, […]
As the Donald Trump administration has asked ByteDance to sell operations of its most popular short video platform TikTok in the US, a Chinese hotel management solutions provider has become another victim to sell its business in the country. Shiji Group, a China-based global hospitality technology provider which has Kempinski hotel as one of its […]
The rupee strengthened 73 paise and crossed the crucial 73-mark against the US dollar on Tuesday supported by a weak American currency and positive domestic equities. Forex traders said the domestic unit gathered momentum after the Reserve Bank of India announced various steps to ease pressure on liquidity. At the interbank forex market, the domestic […]
JioFiber has revamped its tariff plans and has announced a ‘no condition 30-day free trial’ for all new customers. New JioFiber customers activating from September 1, will get the 30-day free trial. Under the unconditional free trial, customers will get 150 Mbps “truly” unlimited internet, 4K set-top box with access to top 10 paid OTT […]
Samsung dropped to the second spot in the Southeast Asian smartphone market in the second quarter of the year, as Chinese brands expanded their presence with budget devices, a report said on Monday. OPPO edged out Samsung to become the top vendor with a 20.3 per cent market share. Samsung was the second-largest smartphone vendor […]