Business
China fines Alibaba record $2.78 billion over anti-monopoly violations
Agencies -
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...
Business
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...
Business
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...
Business
Sensex plummets over 1,400 pts in morning trade; financial stocks tank
Agencies -
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...
Business
France, EU reach outline of deal on Air France rescue package
Agencies -
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...
Business
TRAI considers survey to assess if tariff plans meet customer needs
Agencies -
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...
Business
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...
Business
India to grow over 10 pc in fiscal 2021-22, but growth uneven, says World Bank
UNI -
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...
Business
Pakistan to import cotton, yarn, sugar from India
UNI -
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...
Business
Egypt loses some $14mln a day over Suez Canal blockage – Waterway Administration
Agencies -
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...
Latest News
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...