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China fines Alibaba record $2.78 billion over anti-monopoly violations

Beijing: The Chinese State Administration for Market Regulation said on Saturday it had fined the e-commerce giant Alibaba 18.228 billion yuan ($2.78 billion) over anti-monopoly violations. The body launched an investigation into Alibaba’s anti-monopoly violations in late 2020, with the...

RBI keeps key rates unchanged

Mumbai: Following a spurt in Coronavirus cases and the imposition of fresh restrictions to check the virus spread, the Reserve Bank of India (RBI) on Wednesday decided to maintain the status quo on the benchmark repo rate — the...

India’s largest strategic Oil reserve to come up at Chandikhol in Odisha- Kapoor

Bhubaneswar: India’s largest strategic petroleum reserve at a cost of Rs 10,000 crore will come up at Chandikhol in Odisha’s Jajpur district. The Indian Oil Strategic Petroleum Reserve Limited (ISPRL) will establish the “World Class Reserve” for petroleum products at...

Sensex plummets over 1,400 pts in morning trade; financial stocks tank

Mumbai: Equity benchmark Sensex tumbled over 1,400 points in the morning session on Monday, dragged by massive losses in financial stocks amid concerns over spiking COVID-19 cases in the country. After touching a low of 48,580.80, the 30-share BSE index...

France, EU reach outline of deal on Air France rescue package

Paris: Paris has reached an agreement in principle with the European Commission on a financial support package for the Air France flag carrier, hit hard by the coronavirus crisis, French Minister of the Economy and Finance Bruno Le Maire...

TRAI considers survey to assess if tariff plans meet customer needs

New Delhi: Telecom regulator TRAI is planning to conduct a consumer-facing survey to assess if tariff plans offered by operators are meeting actual requirements of varied categories of users, a top official said. Telecom Regulatory Authority of India (TRAI) may...

Driving two-wheeler industry recovery in Q4, Honda sells total 411,037 units in March ’21

Kolkata: Building on the demand momentum despite renewed COVID challenges, Honda Motorcycle & Scooter India Pvt. Ltd. closed March 2021 on a positive note. Honda’s domestic sales in the month of March grew from 245,716 units last year to 395,037...

India to grow over 10 pc in fiscal 2021-22, but growth uneven, says World Bank

New Delhi: India is expected to grow more than 10 per cent in the fiscal year 2021-22, the World Bank said on Wednesday, making a substantial upward revision of 4.7 percentage points from its January forecast. The development lender said...

Pakistan to import cotton, yarn, sugar from India

New Delhi: Pakistan on Wednesday allowed the private sector to import 0.5 million tonnes of white sugar from India, Finance Minister Hammad Azhar said, ending a near two-year ban on their import from the neighbouring country. The country will also...

Egypt loses some $14mln a day over Suez Canal blockage – Waterway Administration

Cairo: Egypt is losing some $14 million per day due to the Suez Canal blockage as efforts to refloat the stranded container mega-ship continue, the head of the waterway authority told the national eXtra news channel. "We are talking roughly...
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China fines Alibaba record $2.78 billion over anti-monopoly violations

Beijing: The Chinese State Administration for Market Regulation said on Saturday it had fined the e-commerce giant Alibaba 18.228...
- Advertisement -spot_img