Delhi High Court asks SBI to maintain status quo on accounts of Anil Ambani’s firms
NEW DELHI: The Delhi High Court Wednesday asked SBI to maintain status quo with regard to accounts of Anil Ambani’s firms — RCom, Reliance Telecom and Reliance Infratel, which have been declared by the bank as fraud accounts. Justice Prateek Jalan passed the order on a plea by erstwhile directors of the three companies challenging […]
SpiceJet to operate 21 new flights from next week
NEW DELHI: SpiceJet said on Wednesday it would operate 21 new domestic and international flights from January 12. The airline will introduce two weekly flights on the route from Mumbai to Ras Al-Khaimah in the UAE and increase frequency on the Delhi-Ras Al-Khaimah route to four weekly flights, according to a statement. It will connect […]
Supreme Court seeks response of Modi government on PIL against three farm laws
NEW DELHI: The Supreme Court Wednesday sought response of the Narendra Modi government (Centre) on a PIL challenging the constitutional validity of newly enacted three farm laws on grounds including that Parliament lacked power to make legislations on the subject. The plea also raised questions over the validity of ‘the Constitution (3rd Amendment Act) of […]
Apple supplier Murata expects half billion 5G phones in new year
By Takashi Mochizuki and Yuki Furukawa NEW DELHI: Murata Manufacturing Co., the world’s biggest maker of ceramic capacitors for Apple Inc. and other smartphone brands, expects demand for fifth-generation wireless devices to surpass 500 million handsets in the coming fiscal year, building on a rush to replace Huawei Technologies Co. in the global consumer arena. […]
World Bank says Indian economy expected to contract by 9.6% in FY21
NEW DELHI: India’s economy is estimated to contract by 9.6 per cent in the fiscal year 2020-21, reflecting a sharp drop in household spending and private investment, and the growth is expected to recover to 5.4 per cent in 2021, the World Bank said on Tuesday. In its Global Economic Prospects report, the World Bank […]
Bharat Biotech, Serum Institute pledge for smooth rollout of COVID-19 vaccines
NEW DELHI: Vaccine makers Serum Institute of India and Bharat Biotech on Tuesday said both the companies jointly pledge for smooth roll out of COVID-19 vaccines in the country and the world. In a joint statement posted on their respective twitter accounts, the companies said Serum Institute Chief Executive Officer Adar Poonawalla and Bharat Biotech […]
We were fed up with your attitude, had to take RIL offer: Kishore Biyani to Amazon
NEW DELHI: Kishore Biyani, Future Coupons and Future Corporate Resources have said that totally disillusioned and fed up with Amazon’s lackadaisical attitude, they were left with no option but to accept the offer from Reliance Industries Limited (RIL). This communication to Amazon is a response to their notices and addressed on behalf of Future Corporate […]
Water from air: Israeli firm helps bring drinking water to Gaza
A machine developed by an Israeli firm that can turn air into water using only the power of the sun is helping to bring much-needed drinking-water to the Gaza Strip, where a lack of rainfall and poor infrastructure is leading to a worsening water crisis. After capturing humidity, the machine condenses it into water and […]