Renault Nissan workers to boycott work from May 26

Chennai (IANS) Unless their safety is ensured at the plant, workers of the Renault Nissan Automotive India Private Ltd have decided to boycott duty from May 26 onwards, the Renault Nissan India Thozhilalar Sangam (RNITS) has said.

The RNITS…

LMO from Singapore sourced by IndianOil unloaded at Vizag Port

Visakhapatnam (IANS) IndianOil unloaded a consignment of 11 ISO tanks filled with Liquid Medical Oxygen (LMO), carried from Singapore by Indian Navy's INS Jalashwa, at Vishakhapatnam Port on Sunday.

The same vessel also carried two more…

CII suggests changes in RBI norms for appointment of statutory auditors by banks, NBFCs

New Delhi (IANS) The Confederation of Indian Industry has come up with several recommendations for changes in the Reserve Bank of India's guidelines for appointment of statutory auditors by banks and NBFCs.

Commending the RBI's intent…

FMCG stocks significantly outperformed market over 20 years

New Delhi (IANS) Consumer staple sector or FMCG stocks have significantly outperformed the market over the past 20 years.

As per a research by Jefferies, over the last two decades, while Nifty has returned 11.4 per cent Cagr, the market-cap…

Amazon to retire Prime Now, allows 2-hour deliveries on main app

New Delhi (IANS) Amazon has announced to shut down its standalone Prime Now delivery app, and the two-hour delivery options will now be available on its main app and website.

The company said that in India, Japan and Singapore, it has already…

US officials rushed to defend Amazon biz practices in India: Report

New Delhi (IANS) US officials rushed to defend Amazons business practices in India after a global news wire reported in February that the company had favoured certain sellers on its website and bypassed local law that requires foreign e-commerce companies…

IndiGo selects 'LEAP-1A' engines for its A320neo aircraft

New Delhi (IANS) Airline major IndiGo announced on Friday that it has selected CFM International 'LEAP-1A' engines to power its fleet of 310 new Airbus family of aircraft which will be delivered from 2023 onwards.

These aircraft belong…

Sensex up 600 points, Nifty reclaims 15,000 mark

Mumbai (IANS) The key Indian equity indices traded in the green on Friday morning with the BSE Sensex surging around 600 points to reclaim the 50,000 mark.

The Nifty on the National Stock Exchange also traded above the psychological level of…

Food supplies to ITIs akin to mid-day meal to schools, so GST exempt

New Delhi (IANS) The supply of food items under government schemes to Industrial training institutes (ITI) will be treated at par with supply of mid-day meals to schools and not attract GST.

In a ruling, the Authority for Advance Ruling (AAR)…

IDBI Bank launches digitised automated loan processing system for MSME and agri lending

New Delhi (IANS) IDBI Bank Limited has launched a fully digitised, end-to-end, Loan Processing System (LPS) for its MSME and Agri. products.

This new loan processing system seamlessly integrates with data fintechs, bureau validations,…