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UPDATED: April 29, 2021 18:09 IST
CCI has approved Tata Group s proposal to acquire majority stake in online grocer BigBasket. (Photo: Reuters)
Tata Group s proposal to acquire a majority stake in online grocer BigBasket has been approved by the Competition Commission of India (CCI). The move is likely to intensify the competition between large conglomerates who are looking to strengthen their position in India s fast-growing online grocery segment.
Tata Digital, which is a wholly-owned subsidiary of Tata Sons, had earlier sought the CCI s permission to acquire 64.3 per cent stake in BIgBasket’s business-to-business wing, Supermarket Grocery Supplies, through a mixture of primary and secondary share purchases.
The Confederation of Indian Industry (CII) has formed a Task Force on Oxygen Supply Chain to work with Central and State Governments to augment oxygen supply by working on domestic capacity enhancement and imports; logistical issues between States including issues of transportation, non-availability of cylinders; policy-level interventions, and so on. With unprecedented rise in Covid-19 cases and acute shortage of medical oxygen pushing the hospitals in the country to the edge, India Inc has once again come forward to lend a helping hand to strengthen the fight against the pandemic. A host of industry majors have been stepping forward to keep the supply chain moving and augment the availability of medical oxygen in different parts of the country.
As part of the car manufacturing process, Maruti Suzuki uses a small amount of oxygen in its factories while relatively much larger quantities are used by the manufacturers of components
Reliance Industries Limited and BP (NYSE: BP) have announced the production start up of the Satellite Cluster gas field in block KG D6, which is located off the east coast of India.
Reliance Industries Limited (RIL) and BP (NYSE: BP) have announced the production start up of the Satellite Cluster gas field in block KG D6, which is located off the east coast of India.
Satellite Cluster will produce gas from four reservoirs, utilizing a total of five wells, and is expected to reach gas production of up to 211 million cubic feet per day. The field, which was originally scheduled to start production in mid-2021, is located around 37 miles from an existing onshore terminal at Kakinada on the east coast of India in water depths of up to 6,069 feet.