India aims to cut power output from 81 coal plants, replace green energy

New Delhi (IANS) India plans to reduce power generation from 81 thermal coal-fired plants over the next four years, as part of its efforts to switch to clean energy sources and cut carbon emissions, according to a letter seen by S&P Global Commodity…

Amazon in self-serving act to destroy FRL at any cost, say FRL independent directors

New Delhi (IANS) Amazon caused the downfall of Future Retail Limited (FRL) when it could not buy its assets on the cheap, placing FRL now on the brink of bankruptcy, the independent directors of FRL have said.

In a reply to Amazon, the directors…

Byju Raveendran set to focus on global biz as India edtech market shrinks

New Delhi (IANS) Edtech leader BYJU's is in for a big change with its Founder and CEO Byju Raveendran set to focus his energies on global operations, especially in the US, as the Indian online edtech market shrinks considerably with schools, colleges…

LIC Q4 net profits down 17% YoY, announces Rs 1.5 dividend for FY22

New Delhi (IANS) State-run insurance major Life Insurance Corporation of India (LIC) reported a consolidated net profit of Rs 2,409 crore during Q4FY22, down 17 per cent year on year from the same quarter of previous fiscal.

The insurance company's…

TN retail outlets not to buy fuel from OMCs on May 31 in protest

Chennai (IANS) Fuel outlets in Tamil Nadu have decided not to purchase fuel from Oil Marketing Companies on May 31 in protest of the sudden reduction in prices by the Union government.

Tamil Nadu Petroleum Dealers Association in a statement…

Momentum with markets: Expect further upmove

Markets continued their choppy and volatile manner during the week gone by. The end result was quite straight forward with the first three days of trading resulting in losses and the remaining two days seeing the market record gains. In reality it…

DGCA imposes Rs 5 lakh fine on IndiGo for denying boarding to special child

New Delhi (IANS) Civil aviation watchdog, the Directorate General of Civil Aviation (DGCA) on Saturday imposed a fine of Rs 5 lakh on low-cost carrier IndiGo for denying boarding to a specially-abled child at Ranchi airport on May 7.

The Hyderabad-bound…

Indices surge in opening deals on global cues, Sensex up over 300 pts

New Delhi (IANS) Domestic equity benchmark indices extended their gains from the previous session and traded in the green during trade on Friday amid firm global cues.

Indian markets opened higher in line with Asian markets and sharply positive…

Reliance subsidiary SankhyaSutra unveils 'make in India' software at Drone fest

New Delhi (IANS) Bengaluru-based subsidiary of Jio Platforms, SankhyaSutra Labs, which makes high-fidelity multi-physics and aerodynamics simulation software, on Friday showcased its products and solutions at the 'Drone Festival of India 2022'.

Huawei CEO India approaches Delhi HC challenging LOC against him

New Delhi (IANS) Huawei Telecommunications India Chief Executive Officer Xiongwei (David) Li has approached the Delhi High Court seeking quashing of a Look Out Circular (LOC) against him which restrained the Chinese national from leaving the country.