Kalpataru Power Transmission Ltd, JV partner complete 74 pc equity stake sale in JKTPL

NEW DELHI: Kalpataru Power Transmission Ltd (KPTL) on Monday said the firm and its joint venture partner have completed 74 per cent equity stake sale in Jhajjar KT Transco Pvt Ltd (JKTPL) to IndiGrid. “We are pleased to inform you that the Parties have today completed the sale of first …

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RBI extends enhanced borrowing limit for banks under MSF till Mar 31

Mumbai: Amid the ongoing economic woes created by the coronavirus pandemic, the Reserve Bank has decided to extend by six months the enhanced borrowing facility provided to banks to meet liquidity shortage till March 31, 2021. The RBI, as a temporary measure, had increased the borrowing limit for scheduled banks …

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Diesel demand seeing degrowth, petrol picking up amid pandemic, says Indian Oil

Kolkata: State-run Indian Oil Corporation on Monday said demand for diesel in West Bengal has declined 20 per cent during the current fiscal so far, as industries are not fully operational in the wake of the COVID-19 pandemic. Petrol demand has been flat in the state during the ongoing coronavirus …

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Ciceroni, Gujarat’s premium Fashion platform, forays into e-commerce

AHMEDABAD: Ciceroni, Gujarat’s premier Fashion & Lifestyle Hyperlocal Discovery platform, today announced its foray into e-commerce with the launch of ‘Pari-Sangam’ its first curated online pop-up. ‘Pari-Sangam’ will feature a carefully selected mélange of more than eleven labels in clothing, accessories and décor categories from across India catering to the …

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IFFCO not to increase rate of DAP, NPK fertilisers in rabi season

New Delhi: Indian Farmers Fertilizer Cooperative Limited (IFFCO) has no plan to increase the maximum retail price of DAP (diammonium phosphate) and NPK fertilisers during the rabi sowing season, the government said on Monday. IFFCO Managing Director U.S Awasthi has tweeted that there is a huge spike in the cost …

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Tata Group courts investors for new digital platform in bid to take on rivals Amazon, Jio

By Anto Antony, Saritha Rai and Baiju Kalesh India’s Tata Group is in talks with potential investors about taking stakes in a new digital platform, people familiar with the matter said, seeking to modernize its consumer businesses as retail giants like Amazon.com Inc. and billionaire Mukesh Ambani pile into the …

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BPCL paid up for defaulting partner Videocon to defend Brazilian JV, says CMD

Divestment-bound Bharat Petroleum on Monday defended it paying USD 54 million on behalf of its bankrupt partner Videocon group in its Brazilian joint venture, saying it was to defend the asset and to follow the law of the land and that the move has increased its stake in the JV …

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COAI seeks urgent allocation of E and V band spectrum via auction to access providers

KOLKATA: Phone companies have sought telecom minister Ravi Shankar Prasad’s urgent intervention to thwart any potential delicensing of high-value spectrum in the E and V bands or allocation of these airwaves through the administrative route. Such moves would be legally untenable as they would violate the Constitution, upset the level …

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India’s Feluda COVID-19 test cheaper, faster alternative to RT-PCR, say scientists

More accurate than a rapid antigen test and almost as quick, India’s CRISPR ‘Feluda’ COVID-19 test that changes colour on detection of the SARS-CoV-2 virus could be a cheaper, faster and simpler alternative to an RT-PCR diagnosis, say scientists. Named after Satyajit Ray’s famed detective, the Feluda test, which is …

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