NEW DELHI: As part of India’s efforts to develop the India-Middle East-Europe Economic Corridor (IMEEC), the government has started mapping tasks for augmenting the capacity of ports on the western coast. The work on the country’s biggest upcoming greenfield port at Vadhavan in Maharashtra, which will also be one of the ports of this corridor, …
NEW DELHI: The price of commercial LPG refills was raised by Rs 209 on Sunday following an uptick in benchmark rates, but household cylinder rates remain unchanged.The increase comes after two rounds of reductions in August and September totalling about Rs 250. The move will, however, raise the fuel cost of small eateries, sweatmeat shops, …
Commercial LPG refills get costlier by Rs 209, household rates unchanged | India News Read More »
NEW DELHI: L&T’s order book is robust, market cap and share price are at their highest levels, the company’s newly-appointed Chairman & Managing Director S N Subrahmanyan said and asked employees to remain hungry for success. In his first letter to employees after taking charge as Chairman & Managing Director, Subrahmanyan said that the company …
Subrahmanyan: L&T’s order book robust, mcap at peak, says CMD Subrahmanyan Read More »
Pershing Square SPARC Holdings Ltd, said that it will pursue business combinations with privately-held companies after receiving regulatory approval from US regulators for distributing special purpose acquisition rights. The SPARC, an affiliate of billionaire investor Bill Ackman‘s Pershing Square Tontine Holdings Ltd, is targeting companies that seek to raise a minimum of $1.5 billion of …
Pershing Square SPARC: Ackman’s SPARC is seeking new deals with private companies Read More »
NEW DELHI: “Mere paas bomb hai (kya)!”. This comment reportedly made by a passenger who was perhaps “exasperated” by strict pre-boarding checks at Varanasi Airport on Sunday caused a security scare and delayed her Akasa flight to Mumbai by several hours. Incidentally two days back (on Sept 29) a hoax bomb threat was received for …
Security Scare: Now, security scare delays Akasa’s Varanasi -Mumbai flight Read More »
NEW DELHI: Hyundai Motor India on Sunday said its total wholesales increased 13 per cent year-on-year to 71,641 units in September, its highest ever in a month. The country’s second largest carmaker had dispatched 63,201 units to dealers in September last year. Domestic sales last month rose to 54,241 units, up 9 per cent from …
Hyundai reports highest ever monthly sales in September at 71,641 units Read More »
The PM says his focus is easing living costs, amid Tory unrest on day one of the party’s conference. Source link
Richard Walker had tried to become a Tory MP but has quit the party on the eve of the annual conference. Source link
The prime minister again refuses to say if high speed rail link will run from Birmingham to Manchester. Source link
PUNE: Air India is set to connect Kochi, the commercial hub of Kerala, with Doha, the Capital of Qatar, with a daily non-stop service from October 23, airline officials said. This new flight will fulfil the need of a convenient and comfortable direct connection between the two cities.AI953 will depart at 0130 local time to …
Kochi: Air India to start a flight between Kochi and Doha from October 23 Read More »
NEW DELHI: Tata Steel aims to complete decarbonisation journey at its plant in the UK in next three years, the company’s CEO T V Narendran said. As part of its decarbonisation plan, the company will shift to low-emission electric arc furnace (EAF) process from the blast furnace (BF) route which is nearing the end of …
ABIDJAN: India, an emerging market for consumption of cocoa, should become a member of the International Cocoa Organization (ICCO) in a bid to take part in the policy dialogue, ICCO Executive Director Michel Arrion said. Currently, India annually produces only 27,000 tonnes of cocoa, used largely in the manufacturing of chocolates, and imports about 1 …
NEW DELHI: Jet fuel or ATF price on Sunday was hiked by 5 per cent — the fourth straight monthly increase since July, and commercial cooking gas (LPG) rates were raised by a steep Rs 209 per 19-kg cylinder, in line with the firming up seen in international benchmarks.However, the price of domestic LPG – …
Chief Constable Amanda Blakeman, the National Police Chiefs’ Council lead for acquisitive crime, said “organised crime is, of course, only part of the problem,” but added: “We continue to target those prolific and habitual offenders whose behaviour causes misery and takes profit from our communities and retailers.” Source link
For months, the unwinding of China Evergrande, the world’s most indebted property developer, played out like a slow-moving train crash. After filing for bankruptcy protection last month — nearly two years after the company defaulted on payments to some creditors — Evergrande appeared on the path toward a more typical debt restructuring for creditors. But …
China Evergrande’s Problems Are Only Getting Worse Read More »
The United Automobile Workers union increased the pressure on Ford Motor and General Motors by extending its strike to two more car assembly plants on Friday, saying the companies had not moved far enough to meet its demands for higher pay and benefits. The move is the second escalation of strikes that started on Sept. …
Polystyrene cups and balloon sticks are also banned in England as part of efforts to cut waste. Source link
NASHIK: Nashik District Onion Traders’ Association has decided to continue its boycott of onion trade at the agriculture produce marketing committees till the Centre considers its demand for the withdrawal of 40% export duty.The association’s other demand is that government agencies like the National Agricultural Cooperative Marketing Federation (Nafed) and the National Cooperative Consumers Federation …
Nashik onion traders to continue stir till Centre withdraws 40% export duty order Read More »
The annual energy bill for a typical household falls on Sunday but is high by historical standards. Source link
NEWS DELHI: LIC Housing Finance has taken symbolic possession of a Churchgate property in Mumbai whose guarantor was Essel Group Chairman Subhash Chandra for non-payment of dues.In a newspaper advertisement published on Saturday, LIC Housing Finance said it had issued a demand notice calling upon the borrower Vasant Sagar Properties, PAN India Infraprojects with guarantor …
LIC Housing Finance takes asset’s symbolic possession Read More »
Germany’s automakers are facing steep challenges as they convert to battery-powered lineups and confront rising competition from China. But business is booming in another corner of the German transport industry: e-bikes. Sales of bicycles in Germany reached a record 7.36 billion euros, or $7.8 billion, in 2022, with e-bikes accounting for nearly half of sales, …
As the U.S. government hurtles toward a near-certain shutdown this weekend, a different kind of high-stakes shutdown will happen tonight. In 2021, as part of a rescue package to combat the pandemic, the U.S. government made its single largest investment in child care, committing $24 billion to fund the sector that Treasury Secretary Janet Yellen …
Pandemic Relief Funding for Child Care Is Ending. What Now? Read More »
The unintended economic consequences of a shutdown We’re less than 48 hours before the federal government shuts down, and Congress appears no closer to breaking an impasse over funding. Hard-right Republicans in the House are more focused on scoring political points, while their moderate (and electorally vulnerable) colleagues try to work with Democrats on a …
IPOs, Inflation Data and More Are at Risk in a Shutdown Read More »
The day almost two years ago when Harvard Business School informed Francesca Gino, a prominent professor, that she was being investigated for data fraud also happened to be her husband’s 50th birthday. An administrator instructed her to turn in any Harvard-issued computer equipment that she had by 5 p.m. She canceled the birthday celebration she …
MUMBAI: In a sweeping overhaul of his commodities conglomerate amid a looming $2-billion debt bill, billionaire Anil Agarwal plans to spin off five businesses – aluminium, power, oil & gas, steel & iron ore and copper & zinc – from the Rs 68,000-crore Vedanta into separate listed entities. For every share of Vedanta, shareholders will …
Vedanta: Vedanta plans to spin off, list 5 entities as $2billion debt looms Read More »
NEW DELHI: Byju’s has postponed the release of its FY22 results to the second week of October from the earlier stated timeline of September end. “Think and Learn Pvt Ltd today has issued a notice for convening a Board meeting in the second week of October 2023 for approval and adoption of accounts for FY22. …
Byju’s to announce its FY22 results in the second week of October Read More »
NEW DELHI: Growth in the country’s key infrastructure sector rose to a 14-month high in August as all eight segments posted robust performance. This augurs well for overall industrial output numbers due next month.Data released by the commerce and industry ministry on Friday showed the eight coresectors, spanning cement, coal, crude oil, electricity, fertilisers, natural …
Core: Core sector growth at 14-month high of 12% Read More »
NEW DELHI: The Jalan Kalrock Consortium (JKC) on Friday said it has “completed an additional infusion of Rs 100 crore, reaffirming its commitment to a successful resurgence of Jet Airways.” With this infusion, JKC says it has “now fulfilled its total financial commitment of Rs 350 crore equity as per the court-approved resolution plan, and …
Jkc: Jalan Kalrock infuses 100 crore in Jet Airways Read More »
ROME: Italy aims to raise at least 1% of gross domestic product (GDP), or roughly 21 billion euros ($22.2 billion), through asset sales between 2024 and 2026, the Treasury said in its Economic and Financial Document (DEF) published on Saturday. The plan is part of Prime Minister Giorgia Meloni‘s efforts to keep in check the …
Giuseppe Fonte Rome: Italy plans 21-billion euro asset sell-off to keep debt in check Read More »
The normally-benign climate in the South-West US gave the aircraft its best chance of climbing to 66,000ft, twice the altitude of a commercial jet, without encountering strong winds that might tip the delicate machine over and into a dive earthwards. Source link
Hui Ka Yan, the founder of a crisis-hit Chinese property giant, is under police surveillance. Source link
NEW DELHI: The finance ministry on Friday left interest on all small savings instruments unchanged, barring five-year recurring deposits, which will fetch 6.7% during the October-December quarter, instead of the current 6.5%.The status quo on rates comes days before the monetary policy committee meets, amid signs of cooling inflation, which had soared to 7.4% in …
Interest Rates: Small savings rates stay unchanged, barring RD Read More »
BENGALURU: TCS is asking select teams in the company to work from office five days in a week beginning October 1, ending the flexibility of working in a hybrid model. Sources told TOI that five-day work hasn’t been implemented across the company yet.The new directive appears to be a marked shift from its earlier stance …
Work From Office: TCS mandates 5-day ‘work from office’ for some teams Read More »
The Asian Development Bank unveiled new capital reforms on Friday that will unlock $100 billion in new financing capacity over 10 years as the lender expands its development and anti-poverty mission to tackle climate change and other global crises.The Manila-based lender said it was adjusting its risk appetite and reducing its minimum-level of capitalisation in …
MUMBAI: Multi Commodity Exchange (MCX) stock gyrated in the last two trading sessions as the bourse’s shift to a new software provider faced another delay.On Thursday, MCX told the bourses that it will go live with a new software provider on October 1 after going back and forth for about two years. In an extremely …
NEW DELHI: As government focuses on monetisation of completed highway projects, now most new construction of national highways (NHs) will be undertaken on Public Private Partnership (PPP) mode, instead of fully government-funded works projects or EPC.In a major policy shift, National Highways Authority of India (NHAI) will bid out nearly 85% of the highway projects …
Ppp: Government to offer most NH projects on PPP mode Read More »
NEW DELHI: Air India has become the first scheduled desi airline to have acquired an aircraft – a widebody Airbus A350 – from an entity registered in Gujarat International Finance Tec-City (GIFT City). This A350-900 is the first widebody aircraft to have been leased through India’s first International Financial Services Centre (IFSC) via a finance …
NEW DELHI: Known for the famous James Bond flicks, Aston Martin – the British sports carmaker – wants to get a bigger share in the Indian luxury car market.The company, which sold around 6,400 cars last year with a handful in India, wants to grow its presence in the country when it comes to retail …
Aston Martin: Aston Martin eyes bigger share in Indian market Read More »
US near-term inflation expectations fell to the lowest level since early 2021 in September while sentiment eased. Consumers expect prices will climb at an annual rate of 3.2% over the next year, down from 3.5% in August, according to the final September reading from the University of Michigan. They see costs rising 2.8% over the …
Inflation: US inflation expectations fall in September Read More »
