The Times Of India Business
Future asks Delhi court to quash Singapore panel's block on asset sale
Future Retail has asked a Delhi court to quash a decision by a Singapore arbitration panel that has kept the $3.4 billion sale of Future's retail assets in limbo while the panel hears objections from Amazon.com Inc.
Synergising agri with aviation, Scindia launches Krishi Udan 2.0
The government on Wednesday launched “Krishi Udan 2.0” to facilitate movement of agricultural produce by air. It will implemented at 53 airports across the country mainly focusing on northeast and tribal regions and is likely to benefit farmer, freight forwarders and airlines.
Six persons in connection with Rs 6k crore scam in Bank of Baroda
The Central Bureau of Investigation (CBI) on Wednesday arrested 6 persons in connection with the Rs 6,000-crore foreign exchange remittance scam in the Bank of Baroda, which was detected in 2015, officials said.
Govt proposes sale of small LPG cylinders via ration shops
The Centre on Wednesday said it plans to allow retail sale of small LPG cylinders as well as offer financial services through fair price shops as part of its measures to enhance the financial viability of these outlets.
Maruti Q2 net dips 66% to Rs 487 crore
The country's largest carmaker Maruti Suzuki India on Wednesday reported a 66 per cent decline in consolidated net profit at Rs 487 crore in the second quarter ended September 30, 2021, as production was affected by the ongoing semiconductor shortage.
Washington orders Chinese phone carrier out of US market
US regulators are expelling a unit of China Telecom Ltd., one of the country's three major state-owned carriers, from the American market as a national security threat amid rising tension with Beijing. China Telecom (Americas) Corp. is required to stop providing domestic interstate and international service in the United States within 60 days.
Water tycoon is China's richest as crackdown batters Jack Ma
Bottled-water tycoon Zhong Shanshan has become China's wealthiest person, according to an annual ranking released Wednesday, as a government campaign to rein in the super-rich took a big bite out of the fortunes of perennial front-runners like Alibaba co-founder Jack Ma.
US bans China Telecom over national security concerns
The US Federal Communications Commission (FCC) found that China Telecom "is subject to exploitation, influence, and control by the Chinese government and is highly likely to be forced to comply with Chinese government requests without sufficient legal procedures subject to independent judicial oversight."
Radio Mirchi Q2 revenue grows by 46%
Entertainment Network (India) Ltd, or ENIL, has reported a 46.3% growth in revenue for the quarter ended September 30. The surge came on the back of a strong 50% growth in radio and 51% in the solutions business, the operator of India's No.1 FM radio channel, Radio Mirchi, said on Tuesday while announcing results for the second quarter.
Brent crude oil price may hit $110 next yr: Goldman
Global financial major Goldman Sachs expects Brent crude oil prices to reach $110-per-barrel by next year, a 30% jump from the current levels of $85/bbl. Oil analysts at Goldman Sachs say the global demand-supply mismatch, with the current demand almost near the pre-Covid levels, is expected to push up crude prices next year.