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Essar Group, IRH to set up $500 million crude oil, product sourcing facility

New Delhi, June 16 -- Essar Group and International Resources Holding (IRH) on Tuesday announced the successful execution of a $500 million crude sourcing and product supply facility between Essar Ene... Read More


Armenia to procure oncology drugs from India under national healthcare scheme

New Delhi, June 16 -- A new scheme launched by the Republic of Armenia in the healthcare sector has opened up export opportunities for Indian pharma companies in the oncology space. According to Raj ... Read More


FIA backs SEBI's options strike framework, seeks minimum standards and safeguards

New Delhi, June 16 -- The Futures Industry Association (FIA) has backed the Securities and Exchange Board of India's (SEBI) proposed framework for managing strike prices of options contracts, while ur... Read More


Flipkart warehouse workers strike protesting low wages and poor working conditions

New Delhi, June 16 -- Workers employed at Flipkart's warehouse located in the area bordering Gurugram's Farrukhnagar and Jhajjar districts of Haryana have been on strike since Sunday, protesting again... Read More


Chandrababu Naidu invites National University of Singapore to set up campus in Amaravati

New Delhi, June 16 -- Andhra Pradesh Chief Minister N Chandrababu Naidu has invited the National University of Singapore to establish an international branch or satellite campus in Amaravati. Naidu, ... Read More


TN Govt reforms in high-rise building approvals to reduce sanction time

New Delhi, June 16 -- In a significant reform aimed at improving the ease of doing business, the Tamil Nadu government has empowered the Chennai Metropolitan Development Authority (CMDA) to grant or r... Read More


Weekly Rupee View:Recovery faces test

New Delhi, June 16 -- The rupee extended its recovery over the past week, appreciating about79 paise, or 0.8 per cent, to close at94.56 against the dollar on Tuesday. The local currency has now recove... Read More


Primary market heats up: Rs.13,000 crore raised via corporate bonds in a day

New Delhi, June 16 -- India's corporate bond market is witnessing a sharp revival, with issuers raising over Rs.13,400 crore on Tuesday, signalling strong investor appetite and improving funding condi... Read More


Government of Tamil Nadu to invest Rs.15,032 crore to meet State's power demand

New Delhi, June 16 -- The Government of Tamil Nadu on Tuesday announced plans to build power infrastructure worth Rs.15,032 crore to meet the state's increasing power demand. It has also planned tto r... Read More


Shipping firms re-evaluate risks of Persian Gulf ops

New Delhi, June 16 -- Shipping lines are re-evaluating the risk of operations in Persian Gulf waters in the backdrop of Iran-US peace understanding. Companies including Maersk and Hapag Lloyd have sa... Read More