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Amazon, Microsoft invest in sustainable concrete producer

Amazon, Microsoft invest in sustainable concrete producer

🕔20:37, 19.Sep 2020

Toronto, Sep 19  A Canadian cleantech company, CarbonCure Technologies, that develops carbon dioxide removal (CDR) solutions for the concrete industry has received investment from leading technology and property developers. Amazon’s Climate Pledge Fund and Breakthrough Energy Ventures (BEV) co-led the

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Global effort begins again to stabilise oil prices, OPEC+ meet may be called in Oct

Global effort begins again to stabilise oil prices, OPEC+ meet may be called in Oct

🕔20:34, 19.Sep 2020

New Delhi, Sep 19 A bigger global effort to stabilise oil prices involving all major oil producers including Russia is again on the cards to see that the current crisis does not escalate further putting several oil producers closer to bankruptcies.

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Surcharge on dividend income for FPIs may be capped at 15%

Surcharge on dividend income for FPIs may be capped at 15%

🕔14:13, 19.Sep 2020

New Delhi, Sep 19  In a major relief for foreign portfolio investors, the Union Government has proposed to cap the surcharge on dividend income from FPIs with a trust structure at 15 per cent. Currently, FPIs that operate as trusts

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SEBI steps to curb market volatility to continue till Oct 29

SEBI steps to curb market volatility to continue till Oct 29

🕔07:52, 19.Sep 2020

Mumbai, Sep 19  The Securities and Exchange Board of India (SEBI) has extended, till October 29, the enforcement of regulatory measures aimed to contain market volatility amid the coronavirus pandemic. The measures, first introduced in March, include limits on positions

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Drone insurance: IRDAI panel queries unlimited 3rd party liability

Drone insurance: IRDAI panel queries unlimited 3rd party liability

🕔07:50, 19.Sep 2020

Chennai, Sep 19  The Indian insurance regulator’s working group to look at insurance solutions for drones is not agreeable to the provision of unlimited third party liability as per the Motor Vehicles Act, 1988 for victims in accidents involving drones.

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TRAI issues directions for tariff advertisements

TRAI issues directions for tariff advertisements

🕔07:46, 19.Sep 2020

New Delhi, Sep 19  In a bid to bring more transparency in telecom tariff advertisements, the Telecom Regulatory Authority of India (TRAI) on Friday issued fresh directions for advertisement of tariff plans by telecom operators. In a circular, the telecom

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HCL sets up Covid facilities at LNJP and DDU hospital

HCL sets up Covid facilities at LNJP and DDU hospital

🕔07:40, 19.Sep 2020

New Delhi, Sep 19  In a noble gesture, the HCL foundation has helped set-up isolation and treatment units for the Covid-19 disease at two government hospitals here. The foundation donated 150 beds, an ambulance with life support, and a team

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Google Play store removes Paytm app citing gambling policy

Google Play store removes Paytm app citing gambling policy

🕔15:19, 18.Sep 2020

New Delhi, Sep 18  Google has removed digital payments major Paytm’s app from its Play Store for allegedly violating its gambling policies. “Paytm Android app is temporarily unavailable on Google’s Play Store for new downloads or updates. It will be

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India Inc to raise more than Rs 50k crore from IPOs

India Inc to raise more than Rs 50k crore from IPOs

🕔14:07, 18.Sep 2020

New Delhi, Sep 18  At least 80 companies are in the process to tap the primary market to raise approximately Rs 51,515 crore equity capital in FY 2020-21 with benchmark indices up by 50 per cent since March and IPO

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Online retail sales to hit $2.5 trillion in Asia by 2024

Online retail sales to hit $2.5 trillion in Asia by 2024

🕔12:04, 18.Sep 2020

New Delhi, Sep 18  Riding on the surge in grocery demand in the Covid-19 times, online retail sales in Asia will grow from $1.5 trillion in 2019 to $2.5 trillion in 2024, with a compound annual growth rate (CAGR) of

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First investment advisor obtains SEBI licence in GIFT IFSC

First investment advisor obtains SEBI licence in GIFT IFSC

🕔20:14, 17.Sep 2020

Mumbai, Sep 17  Investment Advisory operations are all set to take off in India’s first International Financial Services Centre (IFSC) at GIFT City, with capital markets regulator SEBI giving license to an impact investing firm to begin its operation in

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Credit outlook moderately negative for gold jewellery retailers: Crisil

Credit outlook moderately negative for gold jewellery retailers: Crisil

🕔20:11, 17.Sep 2020

New Delhi, Sep 17  Slack demand, resulting in lower cash accrual, along with elevated inventory levels and curtailed bank finance, will lead to a moderately negative credit outlook for gold jewellery retailers this fiscal, Crisil Research said on Thursday. An

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Energy leaders, industry’s blueprint for zero-carbon economy by 2050

Energy leaders, industry’s blueprint for zero-carbon economy by 2050

🕔10:25, 17.Sep 2020

NEW DELHI, Sep 17  From lower emission targets the world must progress directly to zero greenhouse gas emissions by mid-century with no permanent reliance on negative emissions to balance continued energy and industrial emissions, a new report from the Energy

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India should look for outward investments to meet domestic needs: Exim Bank study

India should look for outward investments to meet domestic needs: Exim Bank study

🕔10:19, 17.Sep 2020

Chennai, Sep 17  India should look at outward investments in agriculture and rare earth elements to meet domestic demand as well as specific interventions for encouraging innovation-led manufacturing, revisiting regulations to reduce import dependence in certain sectors, states a study

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Adobe posts record $3.23 billion sales in Q3 in tough times

Adobe posts record $3.23 billion sales in Q3 in tough times

🕔09:05, 17.Sep 2020

San Francisco, Sep 17  Riding on its growing Creative and Document Cloud business, Adobe has achieved record quarterly revenue of $3.23 billion in its third quarter of fiscal year 2020, which represents 14 percent year-over-year growth. The cloud software giant

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SC says foreign award in favour of Vedanta, not in conflict with public policy

SC says foreign award in favour of Vedanta, not in conflict with public policy

🕔08:56, 17.Sep 2020

New Delhi, Sep 17  In a major setback to the Centre, the Supreme Court on Wednesday said the requirement of procedural fairness constitutes a fundamental basis for the integrity of the arbitral process, as it upheld a foreign arbitration award

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NBFCs raise $3.9 billion capital buffer post Covid-19

NBFCs raise $3.9 billion capital buffer post Covid-19

🕔09:39, 16.Sep 2020

New Delhi, Sep 16  Non-banking financial companies have raised $3.9 billion through capital raise and asset sales in the post-Covid-19 period. In the midst of a difficult economic environment caused by the Covid-19 pandemic, India Inc has raised a massive

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Covid impact: SpiceJet Q1 FY21 net loss at over Rs 593 cr

Covid impact: SpiceJet Q1 FY21 net loss at over Rs 593 cr

🕔07:55, 16.Sep 2020

New Delhi, Sep 16  Airline major SpiceJet on Tuesday reported a net loss of Rs 593.4 crore during Q1 FY21, as flight operations remained suspended for most part of the quarter following the nationwide lockdown. The company had reported a

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Cairn stuck with temporary operational extension for its Barmer oil & gas block

Cairn stuck with temporary operational extension for its Barmer oil & gas block

🕔07:54, 16.Sep 2020

New Delhi, Sep 16 Country’s most prolific Barmer oilfield operated by billionaire Anil Agarwal-led Cairn Oil and Gas has been reduced to operate on temporary permission from the government which has denied full 10-year extension to the company’s production sharing

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Tata Motors-DVR shares surge 45% in a month

Tata Motors-DVR shares surge 45% in a month

🕔18:05, 15.Sep 2020

New Delhi, Sep 15  Shares of Tata Motors – Differential Voting Rights (DVR) have surged over 45 per cent in just a month’s time and hit the 5 per cent upper circuit on Tuesday. The surge in share prices comes

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