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Smog blankets Delhi-NCR as air quality remains in severe category

Smog blankets Delhi-NCR as air quality remains in severe category

The Air Quality Index (AQI) in Delhi-NCR has once again entered into the severe category on Wednesday with PM level crossing the 500-mark at some places.

Major pollutants PM 2.5 at 500 & PM 10 were at 497, both in the severe category in Lodhi Road area, according to the Air Quality Index (AQI) data.

Onion prices are fueling inflation in India but RBI may still ignore it

Onion prices are fueling inflation in India but RBI may still ignore it

India’s headline inflation probably breached the central bank’s 4% medium-term threshold last month, but that surge -- driven by high onion prices -- is unlikely to distract monetary policy makers from their focus on growth.

Economists pegged the gains in consumer prices at 4.35% in October, according to the median of 33 economists surveyed by Bloomberg. That would be the first above-4% print since July 2018 and the highest since June last year.

India to be a top player in data-driven world of next decade: Michael Dell

India to be a top player in data-driven world of next decade: Michael Dell

The data king of the world and founder of IT giant, Dell Technologies, Michael Dell feels that the next decade would be driven and shaped by data, and India could be one of the significant players.

In an exclusive interview with IANS, here at the company's Global headquarters the American billionaire businessman and Chairman of Dell, one of the world's largest technology companies said that India figures as the topmost destination for his enterprise in the years to come.

Karnataka: SC upholds disqualification of 17 MLAs; allows them to recontest

Karnataka: SC upholds disqualification of 17 MLAs; allows them to recontest

The Supreme Court on Wednesday upheld the disqualification of 17 Congress-JD(S) MLAs in Karnataka on orders of the Speaker but allowed them to contest the December 5 bypolls.

The court struck down the portion of the Speaker's order by which the legislators were disqualified till the end of the 15th Karnataka Assembly.

MSTC up 91% in 12 days; Chhattisgarh govt appoints co its selling agent

MSTC up 91% in 12 days; Chhattisgarh govt appoints co its selling agent

Shares of MSTC continued their northward journey, rallying 18 per cent to Rs 181 on the BSE on Wednesday after the Chhattisgarh government appointed the company as its selling agent.

The stock of the state-owned e-commerce firm was trading at its highest level since listing on March 29, 2019. In the last 12 trading days, it has soared 91 per cent, as compared to a 3.3 per cent rise in the S&P BSE Sensex.

GAIL's Q2 profits down 47% on poor gas transmission, LPG profitability

GAIL's Q2 profits down 47% on poor gas transmission, LPG profitability

GAIL India posted a sluggish performance for the quarter ended September. Despite steady volume growth, operating performance was impacted by one-offs in the trading and gas transmission segments. This coupled with poor LPG & liquid hydrocarbon segment profitability resulted in a sub-par performance. Operating profits which were down 30.8 per cent sequentially slid by 47 per cent year-on-year.

The shut down at some fertiliser plants and delay in commissioning of few others led the company to sell some contracted volumes in the spot market impacting profitability in the gas marketing segment.

Vodafone CEO says India venture is at risk of collapse after AGR ruling

Vodafone CEO says India venture is at risk of collapse after AGR ruling

Vodafone Group Plc’s Indian venture may be headed for liquidation unless the government eases off on demands for mobile spectrum fees, the phone company’s chief executive officer said.

The Supreme Court ordered Vodafone Idea to pay $4 billion of fees linked to past frequency licences last month. With another airwave auction approaching, Vodafone Idea already has $14 billion in debt and UK-based Vodafone has pledged not to put any more money into the business.

IOC in talks with Rosneft to import Russian oil: Chairman Sanjiv Singh

IOC in talks with Rosneft to import Russian oil: Chairman Sanjiv Singh

Indian Oil Corporation, the country’s top refiner, is in talks with oil major Rosneft to explore possibility of importing Russian oil, its chairman Sanjiv Singh said on Tuesday.

We have taken very small quantities from Russia in the past which cant be considered significant so we are trying to explore if we can increase the Russian crude volume coming to India...We are in discussion with Rosneft and we are hopeful that something should work, Singh told reporters at an energy conference.

Facebook Pay launched, to be available on WhatsApp and Instagram later

Facebook Pay launched, to be available on WhatsApp and Instagram later

Facebook has launched a new payments system that will work across its app ecosystem -- Facebook, Messenger, Instagram and WhatsApp.

Appropriately named Facebook Pay, it will begin rolling out on Facebook and Messenger this week in the US for fundraisers, in-game purchases, event tickets, person-to-person payments on Messenger and purchases from select Pages and businesses on Facebook Marketplace.

Bharti Airtel bids for RCom spectrum, Jio seeks deadline extension

Bharti Airtel bids for RCom spectrum, Jio seeks deadline extension

The Bharti group, through two of its companies, on Tuesday made a conditional bid for the spectrum of Reliance Communications (RCom) even as Reliance Jio asked for an extension of the November 12 deadline to make an offer under insolvency proceedings.

The interim resolution professional (RP) had invited prospective companies to make a bid for the company as a going concern with assets and businesses like telecom towers, spectrum, a fibre network, real estate, and an enterprise business, in order to recover debts of more than Rs 33,000 crore of secured creditors.

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