BUSINESS
India to double airport numbers to over 200: Minister
He also talked about the Centre’s plan to set up at least one heliport in each district in collaboration with states and UTs. The states should provide capital support for this initiative, said the minister on the issue of seaplanes. He also appealed to states and UTs to cut down the VAT on aviation fuel as it majorly contributes to the operational cost of the flights.
Franklin Templeton to distribute another tranche of Rs 1,115cr to investors
"As advised by the court appointed liquidator (SBI MF), the payment to all investors whose accounts are 'KYC' compliant with all details available will commence from November 22, 2021," a Franklin Templeton spokesperson said.
RIL, Saudi Aramco to re-evaluate proposed investment in O2C
Consequently, the current application with the NCLT for segregating the O2C business from RIL is being withdrawn. In August 2019, both the companies had signed a non-binding Letter of Intent for a potential 20 per cent stake acquisition by Saudi Aramco in the O2C business of RIL.
Elon Musk-run satellite firm Starlink enters hiring mode in India
Starlink, which will deliver low-latency broadband internet in India, is looking for a Director of Rural Transformation in the country. "In this role, you will be a critical member determining Starlink's successful adoption by local communities in India," the company said in a latest job posting, first seen by an unofficial group of fans called 'Tesla Club India'.
US seizes $56 mn in crypto fraud, to pay victims in dollars
The US Department of Justice intends to sell the coins and use the proceeds to reimburse victims. According to court documents, Glenn Arcaro, 44, of Los Angeles, pleaded guilty to participating in a massive conspiracy to defraud BitConnect investors in the US and abroad, in which investors were fraudulently induced to invest over $2 billion.
Inflation rate lowest in Delhi during pandemic: Report
Delhi recorded a 3 per cent rise in inflation in the financial year 2021-22, while Kolkata, Chennai, Mumbai, and Bengaluru registered 4.6 per cent, 4.4 per cent, 4.1 per cent and 4.0 per cent, respectively, revealed the Directorate of Economics and Statistics's report. The national inflation rate for food prices was 5.7 per cent and in Delhi this rate was only 4.1 per cent, the lowest in the country, Manish Sisodia said.
Fuel prices static as Oil cos keep petrol, prices unchanged
The pump price of petrol in the national capital Delhi on Thursday remained steady at Rs 103.97 a litre and diesel prices at Rs 86.67 a litre. The fuel prices had last gone down when the Central government had reduced the excise duties on Diwali eve, November 4.
India records 15% rise in export of agricultural, processed food products
According to the Quick Estimates released by the Directorate General of Commercial Intelligence and Statistics (DGCI&S), the overall export of Agricultural and Processed Food Products Export Development Authority (APEDA) products witnessed 14.7 per cent growth in terms of USD during April-October 2021 over the same period of the previous year.
Saint-Gobain to invest Rs 2,500 cr in India
Saint-Gobain, French multi-national group, has disclosed that it will invest over Rs 2,500 crore in India to grow its home and construction business, as per a senior official. It has also revealed that the group's Indian subsidiary, Saint-Gobain India, has also set targets to earn about Rs 1,000 crore from its home solutions business in the next three to five years.
India needs $10.1 tn investments for net zero emissions by 2070: CEEW
It has also said that these investments would help de-carbonize India's power, industrial, and transport sectors. CEEW said that the first-of-its-kind study has also predicted that India might face a significant investment shortfall worth $3.5 trillion to achieve its net-zero target.
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