Business
FM in Boston, denies reports of coal crisis
Boston: Amid reports of the ongoing coal shortage in the country, Finance Minister Nirmala Sitharaman stressed that there is no shortage and termed these as absolutely baseless, saying India is a power surplus country. Sitharaman said that Power Minister R K Singh went on record just two days ago...
India stares at power crisis after rains hit coal movement
An energy crisis is looming in some states, including Delhi and Punjab, due to a combination of factors such as excess rainfall hitting coal movement and imported coal-based power plants generating less than half of their capacity due to record high rates. In a year when the country produced...
Big push to make India global export hub
Union Cabinet on Wednesday has approved the much-awaited scheme to set up mega investment textile parks (MITRA) in India, sources said. The textile ministry will build seven on over acres in the next three years. This move will help to attract foreign direct investments (FDI) into the textile sector...
Facebook, Instagram, WhatsApp partly reconnecting after outage
Facebook, Instagram and WhatsApp at least partially reconnected to the global internet on Monday afternoon, nearly six hours into an outage that paralyzed the social media platform. Facebook and its WhatsApp and Instagram apps went dark at around noon Eastern time (1600 GMT), in what website monitoring group Downdetector...
Leaked records open a Pandora box
Hundreds of world leaders, powerful politicians, billionaires, celebrities, religious leaders and drug dealers have been hiding their investments in mansions, exclusive beachfront property, yachts and other assets for the past quarter-century, according to a review of nearly 12 million files obtained from 14 different firms located around the world....
Tata wins Air India bid
Tata Sons has finally won the bid for the national air carrier, Air India, according to a Bloomberg report. With this, the privatisation is finally going through and the wait is over. This comes on the back of a panel of ministers accepting the conglomerate’s proposal to take over the airlines,...
Work from home coming to an end
The Covid-19 cases in India plummeting, pace of vaccination picking up, collectively managed to drive up the positive sentiment in the market and in the corporate world too. With cases diving, the corporate world is gearing up with full force to call employees back to the office; that means...
RSS mouthpiece calls for regulation of cryptocurrency
The Organiser, a journal affiliated with the Rashtriya Swayamsewak Sangh (RSS) has called for cryptocurrency regulations in the country as the digital currency sees phenomenal growth across the world. A recent opinion piece in the journal said that while the basic purpose of currency was to facilitate transactions, cryptocurrencies...
CCI implicates Google India for restrictive practices
The Competition Commission of India’s (CCI) investigative arm has implicated Google in anti-competitive and restrictive trading in the smartphone operating system and associated sectors. According to The Times of India, the CCI panel found Google India responsible for impeding innovation and competition in order to preserve its market dominance....
