Even as India struggles to manage its plastic waste, a new report has raised concerns about the impact of generating a cheap and polluting fuel from used tyres in pyrolysis plants.

The Guardian reported that, every month, the UK exports “thousands of tonnes” of used tyres to India. It suggests that most of these tyres are used by pyrolysis plants to produce fuel. Several of these plants flout regulations on pollutants released in the process.

ICICI Bank posted a fall of 2.7 per cent in net profit to Rs 1,604.9 crore for the quarter ending December as against Rs 1,650.24 crore in the corresponding period last year. The net interest income (NII) was recorded Rs 6,875 crore as against Rs 5,705 crore for the same period, a drop of 20 per cent. The private lender also recorded slippages at Rs 2019 crore.

Sebi has proposed a new set of framework for REITs and InvITs in order to provide flexibility to the issuers in terms of fund raising and increasing the access of these investment vehicles to investors. Under the proposal, minimum allotment and trading lot for publicly issued REITs (Real Estate Investment Trusts) and InvITs (Infrastructure Investment Trusts) will be reduced.

Indian automaker Bajaj Auto Ltd posted a higher profit on Wednesday, exceeding analysts' expectations, as the company sold more motorcycle units during the quarter.

Profit rose to Rs 1,102 crore ($154.72 million) for the three months ended Dec. 31, compared with Rs 952 crore a year earlier.

Telecom regulator Trai has asked DTH operators to allow customers to continue their pre-paid long-terms packs after the February 1 industry deadline to switch over to a new broadcasting regime.

Telecom Regulatory Authority of India (Trai) Chairman R S Sharma told PTI that there is no change in February 1 deadline for migration to the new tariff regime for broadcasting and cable services.

Taking a contrary stance from peers, the economists at SBI Research see the government meeting the fiscal targets this year and the same is likely to pegged at Rs 6.72 trillion or 3.2 per cent of GDP next fiscal year, assuming a moderate nominal GDP growth of 11.7 per cent, says a report.

NEW DELHI: Paytm has launched hotel bookings on its platform and acquired NightStay, which offers deals on last-minute bookings at luxury hotels, as the Alibaba-backed payments and ecommerce company expands its travel business.

Paytm said it plans to invest Rs 500 crore in scaling up its travel operations and has partnered with more than 5,000 hotels across the budget, luxury and business segments.

Amazon and Walmart-owned Flipkart have told mobile phones, electronics and other companies, which sell their wares exclusively on these platforms, that they will be able to operate like they do now — albeit with some tweaks and rephrasing of agreements — once the revised ecommerce FDI norms come into effect.

Adversely impacted by the national carrier Air India’s recent switch to single ticketing platform, travel agent industry bodies have written to Central Vigilance Commission (CVC) to reverse the retrograde move and bring respite to lakhs of small travel operators hit hard by airline’s decision.

Maharashtra: Social activist Anna Hazare on Wednesday announced the beginning of his fast to demand the setting up of a Lokpal at the Centre and Lokayuktas in states as the Narendra Modi government "had failed" to set up the anti-corruption bodies.

"Through Lokpal, even the Prime Minister can be investigated if people will give any evidence against him... Similarly, in Lokayukta a Chief Minister and all ministers and MLAs under him can be investigated if somebody gives any evidence against them.

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