Independent power producers (IPPs) have asked the power ministry to clarify if fuel sourced from Coal India linkage or captive mines can be used to export power to neighbouring countries. In a letter, seen by FE, addressed to power secretary AK Bhalla, the association of power producers said since coal supply agreements and captive mines can only be used to supply to electricity distribution companies (discoms) under the existing policy framework, supplying power to Bangladesh using this coal would be “hampering domestic consumer interest”.

ICICI Bank chairman MK Sharma on Thursday read out a statement largely reiterating the line taken by the bank’s board on Wednesday, adding that managing director and chief executive officer Chanda Kochhar had made all necessary disclosures while sitting on the credit committee that sanctioned loans to the Videocon group in 2012.

Hyundai Motor Company has begun the global sales of its Nexo fuel cell electric vehicle, starting from South Korea. Prior to retail sales commencing, the Hyundai Nexo had been met with considerable public interest, with a total of 1,061 vehicles being ordered throughout the pre-order period between March 19-26, 2018. “We are witnessing a historic day as fuel cell technology is being commercialised in large quantities.

After having issued a set of proposed revisions to motor third-party insurance premiums early this month, the Insurance Regulatory and Development Authority (Irdai) notified general insurers of the rates applicable from April 1 onward.

Irdai has kept the premium rate unchanged from that stated in its draft for private cars and two-wheelers. Business Standard had reported on the proposed changes to motor third-party premiums for vehicles of a certain capacity; those proposed changes have now been notified.

President Donald Trump renewed his long-running assault on Amazon.com Inc. with an early morning tweet Thursday. But what measures can he actually take against the online retail giant?

He could push for probes of consumer protection, privacy and antitrust issues. He could also step up his support for allowing states to collect sales tax on third-party purchases from Amazon, or seek to have the Postal Service charge more to deliver packages.

HMD Global, the Finnish company behind Nokia-branded phones, on March 26 launched the Nokia 1 in India at Rs 5,499, along with an introductory offer from Reliance Jio. The telecommunication provider, in partnership with Nokia, is offering a cashback of up to Rs 2,200 bundled with the Android Oreo (Go edition)-based smartphone.

Tata Motors on Thursday said it has entered into a three-year partnership with the BCCI under which its compact SUV Nexon will be an official partner for the popular T20 tourney the Indian Premier League (IPL).

The latest edition of the IPL begins on April 7.

ISRO's GSLV rocket carrying the country's communications satellite GSAT-6A lifted off from the spaceport here today.

The GSLV-F08 rocket saddled with the passenger satellite in its payload fairing blasted off from the second launch pad at 4.56 pm.

Amazon.com Inc shares fell almost 5 percent on Wednesday, wiping more than $30 billion off its market value, after news website Axios reported that U.S. President Donald Trump is obsessed with the world’s largest online retailer and wants to rein in its growing power. Trump has talked about using antitrust law to “go after” the company because he is worried about mom-and-pop retailers being put out of business by Amazon, Axios reported, citing five sources it said had discussed the issue with him.

Ten weeks into its launch, the third generation Swift from Maruti Suzuki has already clocked a cumulative booking of 100,000 cars, implying an average booking of one car every minute. Not only does this make Swift the envy of every rival car makers, but it also turns up the heat in house because the numbers are way ahead of those notched up by the company’s recent bestsellers like the new Dzire and Baleno.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.