BUSINESS
Discoms' dues to generators rise 34% to Rs 1.26 lakh cr
According to analysts, the poor run for the sector during the pandemic has led to a further deterioration in the financial position of the power distribution companies (discoms) as their pending dues to power generation companies (gencos) have shot up again.
Petrol prices inch towards all-time high
The price of petrol here increased by a margin of 30 paise per litre on Monday to Rs 83.71 a litre from a level of Rs 83.41 a litre on Sunday.
Global cybercrime losses to exceed $1 trillion: McAfee report
Two-thirds of surveyed companies reported some kind of cyber incident in 2019 and the average cost was more than half a million dollars per incident.
Punish Amazon with Rs 1.44 lakh crore penalty: CAIT to ED
In a letter to Sushil Kumar, Special Director, Enforcement Directorate, CAIT alleged that Amazon's investments in India are in violation of the provisions of Foreign Exchange Management Act, 1999 ('FEMA Act') and the Rules and Regulations.
Amazon.in to host 'Small Business Day' sale event on Dec 12
According to the company, the specially curated online event will offer customers the opportunity to discover and purchase unique and hard-to-find products from start-ups, women entrepreneurs, weavers, local shops and it will be instrumental in supporting these small businesses sustain their accelerated business growth.
Global oil prices may remain range bound in 2021
The news of a successful coronavirus has ignited the oil market again with crude price moving up more than 20 per cent in a month to hover close to $50 a barrel now.
Job cuts, salary adjustments not as widespread as apprehended: CII study
The CII study entitled 'Reimagining the Organization for the New Normal: Role of HR' conducted in partnership with Talentonic has revealed interesting facts about employer behaviour during the pandemic.
Petrol prices on upswing, poised to breach all-time high across country
The oil marketing companies (OMCs) on Sunday increased the retail price of petrol by 28 paise per to Rs 83.41 a litre in Delhi. Similarly, diesel price also increased by 29 paise a litre to Rs 73.61 a litre.
As revenue constrained, Centre may look at PSUs for higher dividends
Officials sources said that the PSUs with stock prices higher than their book values and those with sufficient cash may be asked to shell out higher dividends in FY21. A call will be taken after the third-quarter results of companies are declared in late January or early February next year.
Centre's GST compensation formula gets nod from all states
Jharkhand, the only remaining state, has now communicated its acceptance of Option-1 given by the Centre.
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