Thursday, September 22, 2022

Centre#39;s attempt to corporatise power, agriculture sectors will be disastrous: K T Rama Rao

Centre#39;s attempt to corporatise power, agriculture sectors will be disastrous: K T Rama Rao Speaking to reporters in Siricilla on Thursday, he said if the Electricity (Amendment) Bill brought in by the Central government turns into an Act, farmers would lose free power, Scheduled Caste members, Scheduled Tribe persons, poultry farmers, washermen, barbers, weavers, and others will have to bid goodbye to power subsidies.

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Indian Oil plans Panipat refinery maintenance, to revamp naphtha cracker: Sources

Indian Oil plans Panipat refinery maintenance, to revamp naphtha cracker: Sources The country#39;s top refiner will shut the naphtha cracker at its Panipat plant from Monday for a revamp aimed at raising its ethylene production capacity, the sources familiar with the plan said.

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IGGL achieves 42.94% physical progress, Rs 1556.46 crore capital expenditure

IGGL achieves 42.94% physical progress, Rs 1556.46 crore capital expenditure IGGL Chairman Atindra Roychoudhury said this while addressing the fourth annual general meeting.

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How a looming oil ban could devastate a small Italian city

How a looming oil ban could devastate a small Italian city Ever since the EU agreed to ban most imports of crude oil from Russia because of its invasion of Ukraine, the future of this refinery — the largest in Italy — has been thrown into doubt

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Wednesday, September 21, 2022

World’s second-biggest fortune fails to halt rout in Adani bonds

World’s second-biggest fortune fails to halt rout in Adani bonds Stocks of firms in his Indian business empire -- spanning ports to gas distribution and coal mining -- have jumped in part on soaring energy prices.

from Moneycontrol Business News https://www.moneycontrol.com/news/business/world’s-second-biggest-fortune-fails-to-halt-routadani-bonds_16630741.html

Ford India revises final severance package to employees

Ford India revises final severance package to employees Accordingly, the company would revise the final severance settlement to an average equivalent of 140 days of gross wages per completed year of service from the ongoing offer of 130 days.

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Morning Scan: All the big stories to get you started for the day

Morning Scan: All the big stories to get you started for the day A round-up of the biggest articles from newspapers

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Qualcomm-backed Drone maker weighs $125 million India IPO, sources say

Qualcomm-backed Drone maker weighs $125 million India IPO, sources say The company is working with financial advisers on the potential listing, which could happen in the first quarter of 2023, the people said. The Mumbai-based firm is seeking a valuation of about $700 million in the share sale, which could mostly consist of new shares, the people said.

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HDFC Capital launches tech innovation challenge for affordable housing, to invest up to Rs 500 crore in winning deals

HDFC Capital launches tech innovation challenge for affordable housing, to invest up to Rs 500 crore in winning deals The third edition of the tech challenge will identify and award disruptive innovations in areas of construction, sales, fintech, and sustainability, the company said.

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How a Quebec lithium mine may help make electric cars affordable

How a Quebec lithium mine may help make electric cars affordable Having more mines will also help contain the price of lithium, which has soared fivefold since mid-2021, pushing the cost of electric vehicles so high that they are out of reach for many drivers

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Amazon ropes in over 9,000 sellers from Northeast

Amazon ropes in over 9,000 sellers from Northeast To attract more traders from the region to its platform, the company has waived 50 per cent of the selling fee during the ensuing festive season.

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LTIMindtree Q4 Preview: Lower pass-through revenue seen impacting growth marginally

A compilation of estimates suggests the company#39;s Q4 FY24 net profit is projected to decline by 2.2 percent quarter on quarter to Rs 1,1...