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Domestic cooking gas prices raised, a cylinder in Delhi to cost ₹50 more A worker carries LPG gas cylinders on his bicycle for delivery in Delhi. File photo (PTI)Premium Share Via Read Full Story The price of domestic cooking gas for December has been raised following a spike in global energy prices. Effective 15 December, the price of a 14.2 kg non-subsidized Indane liquefied petroleum gas (LPG) cylinder in Delhi has been increased by ₹50 to ₹644. Fuel retailers revise prices of LPG ...

Infosys’ deal momentum is steady and strong despite seasonality: Salil Parekh Salil Parekh, CEO and MD, InfosysPremium 2 min read Share Via Read Full Story BENGALURU : Infosys Ltd’s deal momentum has been steady and strong during the third quarter ending in December, typically a seasonally weak quarter for IT companies, Salil Parekh, CEO & MD, said on Tuesday. The December-ended quarter is considered a seasonally weak quarter due to the holiday season in key geographies such as the US and E...

Apple supplier Wistron plant violence: ₹437 crore loss, FIR against 7,000 people; key updates Premium (REUTERS) Share Via Read Full Story After worker unrest at Wistron Corp.’s facility near Bengaluru turned violent over the weekend, the Taiwan-headquartered company stated that it suffered losses of over ₹437.7 crores. A First Information Report (FIR) has been registered against 7,000 unknown people, including 5,000 contract workers, in connection with violence and vandalism at the faci...

Mrs Bectors IPO may ride piggyback on Burger King’s stellar listing Premium 2 min read The price offer seems expensive considering Mrs Bectorss 1% market share, an analyst says Share Via Read Full Story As Mrs Bectors Food Specialities Ltd’s initial public offering (IPO) opens today, there are two main factors that work in its favour. One, the company operates in the packaged foods segment, which has lately benefited from the increase in stay-at-home consumption during the pandemic. Mrs Bec...

Tatas, Air India staff join race for airline Premium Air India had current liabilities and provisions, including short-term loans and trade payables, of ₹70,686.6 crore and net debt of ₹58,255 crore at the end of March 2019. 3 min read Share Via Read Full Story The Tata group and a consortium consisting of Air India employees and a financial investor have shown interest in buying the national carrier that last reported a profit in 2007, two people familiar with the developments said. The ...

Oaktree Cap emerges highest bidder for Dewan Housing Premium Dewan Housing’s outstanding loan book stands at ₹67,000 crore, which includes wholesale loans worth ₹40,000 crore, retail loans worth ₹17,000 crore and delinquent loans worth ₹10,000 crore. 2 min read Share Via Read Full Story Global alternative asset investor Oaktree Capital Management has emerged as the highest bidder for bankrupt Dewan Housing Finance Corp. Ltd (DHFL), beating Adani Enterprises Ltd and Piramal Group, ...

Can Biden find clarity on China and Russia? Premium Walter Russell Mead Share Via Read Full Story Critics are already attacking the incoming Biden administration, raking it for sending mixed signals on China. The Biden Team is playing a sort of good cop, bad cop with Beijing—Jake Sullivan urges Americans to support Australia against Chinese pressure as John Kerry muses about grand climate deals with Beijing. But a mixed-signal strategy at this stage is, if anything, beneficial to Team Biden. ...

India records lowest new covid cases in 5 months, recovery rate rises above 95% Premium A health worker (L) checks the body temperature of a train passenger during a Covid-19 coronavirus screening at a railway terminus in Mumbai. (AFP) Share Via Read Full Story India reported 22,065 new coronavirus infections, taking its total to 9.9 million, data from the health ministry showed on Tuesday, making it the lowest daily rise since July 4. With 354 new deaths reported in the last 24 hours, the t...

Sputnik V is 91.4% effective in trial A view shows boxes containing vials with Gam-COVID-Vac, also known as Sputnik-V, vaccine against the coronavirus disease (COVID-19) at a production facility of BIOCAD biotechnology company in Saint Petersburg, Russia. (REUTERS)Premium The efficacy rate of the vaccine was determined when 78 covid-19 cases were reported across the vaccine and placebo arms of the trial, and was the same as the rate calculated in the second interim analysis after 39 cases were...

Fresh stimulus needed to support growth: India Inc Premium 2 min read Share Via Read Full Story The government should kick-start economic recovery and growth by boosting private investment and creating jobs, while prioritizing expenditure on healthcare and infrastructure, top industrialists said on Monday, ahead of the presentation of Union Budget 2021-22. Industrialists called for a fresh round of fiscal stimulus to support economic growth, in a first ever virtual pre-budget consultation with ...