Semiconductor shortage dent Oct PV sales

New Delhi (IANS) Challenges pertaining to electronic components' availability, coupled with high operating and ownership costs due to rising commodity prices dragged passenger vehicles' sales lower on a year-on-year basis in October.

Accordingly,…

Coir business to be hit as TNPCB puts it in polluting industry category

Chennai (IANS) The coir industry at Pollachi in Tamil Nadu will be affected after the Tamil Nadu State Pollution Control Board (TNPCB) reclassified it from white to orange which places it in the category of polluting industries.

Environmentalists…

Amazon vs Future: SC asks Future not to proceed with sale of retail assets to Reliance till next hearing

New Delhi (IANS) The Supreme Court on Thursday said it will hear on November 23, the Future group plea against Amazon NV Investment Holdings, over former's sale of retail assets to the Reliance group. The top court orally asked the Future group…

Global cues subdue equity markets; Sensex down over 400 pts

Mumbai (IANS) Negative global cues along with foreign fund outflows subdued India's key equity indices - S&P BSE Sensex and NSE Nifty50 - during Thursday's early-morning trade session.

At 10.15 a.m., the 30-scrip sensitive index traded…

'Trade in iron ore pellets free': Centre to SC on PIL alleging duty evasion

New Delhi (IANS) The Central government has told the Supreme Court that iron ore pellets are not listed in either of the three regulated entities list - prohibited, restricted, or standard trading enterprises (STEs) - which clearly shows that "as…

Iloilo: First city in Asia where 3 properties were sold for cryptocurrencies

Manila (IANS) Iloilo City, a city in the Philippines, is the first city in the Asia Pacific where 3 luxury residential properties were sold in exchange for cryptocurrencies in 2019. In particular, the houses were sold for Bitcoin and Litecoin.

Petrol, diesel prices remain unchanged for 5th straight day

New Delhi (IANS) After big cuts in petrol and diesel prices following the Centre and states reducing taxes, fuel prices remained unchanged on Tuesday providing further relief to consumers.

Accordingly, the pump price of petrol in Delhi, which…

US-based Amneal Pharmaceuticals acquires India's global injectable firm Punishka Healthcare

New Delhi (IANS) Amneal Pharmaceuticals, Inc. on Tuesday announced it has acquired Puniska Healthcare Pvt. Ltd. for a total value of $93 million, or approximately Rs 700 crore.

The acquisition significantly enhances Amneal's injectables…

With base effect advantage waning, September IIP expected to decelerate

Mumbai (IANS) The base affect which was giving good industrial production numbers for past few months is expected lose its sheen with September index of industrial production decelerating in YoY terms to 4.2 per cent in September from 11.9 per cent…

Jan Dhan accounts are also helping to curb crime : Report

Mumbai (IANS) The Pradhan Mantri Jan Dhan Yojana (PMJDY) has not only helped to broaden the scope of financial inclusion providing banking services to the remotest corner of the country, but it has also enabled an environment that has reduced the…