BUSINESS
Nepal exports cement to India for 1st time
The official process began on Friday with Palpa Cement Industries Limited exporting its Tansen brand to India. The company located at Sunwal Municipality-7 in West Nawalparasi district hosted a special function to mark the launch. The government in its annual budget had introduced a subsidy of 8 per cent in cash to companies exporting cement using Nepali raw materials.
IRDAI processing licence applications of 12 companies
Industry officials told IANS that the IRDAI has not licensed any new insurer during the past couple of years. And that situation is expected to change in the near future with some of the applications are in advanced stages of processing at IRDAI.
Global EV shipments up 79% YoY in Q1, Tesla leads: Report
According to market research firm Counterpoint, of these, battery electric vehicles (BEVs) accounted for 73 per cent and plug-in hybrid electric vehicles (PHEVs) for the rest. "With EVs comprising just 12 per cent of the total passenger vehicle shipments during the first quarter of 2022, there is a lot of scope for expansion.
Delhi Liquor Policy: Zonal retailers surrendering licence over unviable business
As per industry sources, the retailers who have surrendered their licences largely blamed some barriers in the new liquor policy, including arbitrary price fixing, for the non-viability of their business. Many posh areas of the national capital are now without liquor shops with south Delhi being the worst-hit by liquor shortage.
'Delhi-Mumbai E'way 70% ready, bullet train work to be fast-tracked'
Union Transport and Highways Minister Nitin Gadkari said that with more than two-thirds work done on the Rs 100,000 crore Mumbai-Delhi Expressway, the travel time between the country's capital and commercial capital will be slashed to just 12 hours. "It's my dream to establish seamless connectivity from Nariman Point in Mumbai to Delhi through a network of coastal road and sea-link till Virar and beyond with a project outlay of Rs 50,000 crore," said Gadkari, addressing a conclave organised by the CII here.
TCS posts Rs 9,478 cr profit, interim dividend of Rs 8 per share
According to TCS, for the period ended June 30, 2022, it had posted a revenue of Rs 52,578 up from Rs 45,411 crore earned during the same period the previous fiscal. The company also said it had logged a net profit of Rs 9,478 crore for the period under review up from Rs 9,080 crore earned during the previous year comparable period.
Twitter claims it suspends 1 mn spam users a day
Chief Executive Officer Parag Agrawal had said in May that spam account suspensions were running at 500,000 a day, reports the Guardian. The report mentioned that Musk has agreed to buy Twitter for $44 billion, but his lawyers have written to the company accusing it of refusing to provide sufficient information about the number of spam users on the service. It has since started to supply him with public tweet data.
BPCL refuels over 100 Sri Lanka Airline flights
In a tweet, the BPCL said: "We are pleased to support SriLankan Airlines, with refueling of their long-haul flights at Indian airports, to overcome the Jet Fuel shortage in their country. So far, more than 100 flights have been refueled at #Trivandrum, #Chennai & #Kochi airports." In reply the SriLankan Airlines tweeted: "Thank you @BPCLimited! We truly value our partnership."
India offers 10 blocks for oil exploration and production
The Indian government is offering 10 blocks for International Competitive Bidding, and the bids can be submitted through a dedicated online e-bidding portal till September 6, 2022. Successful award of Round-VIII Blocks would add a further 36,316 square km of exploration acreage and cumulative exploration acreage under OALP regime will be increased to 2,44,007 square km, the government said.
ED may quiz govt officials in connection with Vivo case
The Chinese national had intentionally provided address of Solan, Himachal Pradesh and Gandhinagar, Jammu, and one of the addresses was found to be a government building and of a senior bureaucrat. Chinese smartphone company Vivo's top executives, directors Zhengshen Ou and Zhang Jie, had fled from India via Nepal. The ED has learnt that the firm was involved in huge Hawala transactions.
Don't Miss
Advertisement