Month: July 2020

CCI approves proposed acquisition of 49% of the total equity share capital of Odisha Power Generation Corporation

open view news desk NEW DELHI, JULY 30: The Competition Commission of India (CCI) approves proposed acquisition of 49% of the total equity share capital of Odisha Power Generation Corporation Limited (OPGC) by Adani Power Limited (APL). The proposed transaction relates to the acquisition of 49% of the […]

India’s development cooperation does not come with any conditions: PM Modi

New Delhi, Jul 30: Prime Minister Narendra Modi and his Mauritian counterpart Pravind Jugnauth on Thursday jointly inaugurated the new Supreme Court building of Mauritius at Port Louis. Addressing the virtual event, the prime minister said that history has taught us that in the name of development partnerships, nations […]

Rupee slips 4 paise to 74.84 per US dollar

Mumbai, Jul 30:  The rupee fell 4 paise to close at 74.84 against the American currency on Thursday amid month-end dollar demand from importers and a weak trend in domestic equities. At the interbank forex market, the local unit opened at 74.84 and shuttled between a high of […]

Delhi Cabinet decides to lower VAT on diesel from 30pc to 16.75pc

New Delhi, Jul 30: Chief Minister Arvind Kejriwal Thursday announced a reduction in the Value Added Tax (VAT) on diesel from the existing 30 per cent to 16.75 per cent, saying the move will help propel Delhi’s economy. The diesel price will be reduced by Rs 8.36 in […]

4 Big Tech CEOs getting heat from Congress on competition

WASHINGTON — Four Big Tech CEOs — Facebook’s Mark Zuckerberg, Amazon’s Jeff Bezos, Sundar Pichai of Google and Tim Cook of Apple — are set to answer for their companies’ practices before Congress as a House panel caps its yearlong investigation of market dominance in the industry. The four command […]

Iran launches underground ballistic missiles during exercise

TEHRAN, Iran — Iran’s paramilitary Revolutionary Guard launched underground ballistic missiles Wednesday as part of an exercise involving a mock-up American aircraft carrier in the Strait of Hormuz, highlighting its network of subterranean bases. Although state television documentaries have focused on operations underground at the bases, all have […]

Very different, symbolic hajj in Saudi Arabia amid virus

DUBAI, United Arab Emirates — Muslim pilgrims, donning face masks and moving in small groups after days in isolation, began arriving at Islam’s holiest site in Mecca on Wednesday for the start of a historically unique and scaled-down hajj experience reshaped by the coronavirus pandemic. The hajj is […]

Exclusive: Former Kremlin insider recounts Putin’s moves to retain power

LONDON – When Russian President Vladimir Putin was preparing for last month’s nationwide vote on potentially extending his rule until 2036, he let the veil slip on part of the calculation behind the constitutional change. “If this doesn’t happen, then in about two years – and I know […]

In Mumbai’s slums, over half of population probably infected with coronavirus, survey says

MUMBAI – More than half the people living in Mumbai’s sprawling slums are probably infected with the novel coronavirus, which suggests the metropolis could be heading toward herd immunity, a government official and a health expert said on Wednesday, citing a recent survey. India has the world’s third-highest […]

India’s gloomy outlook darkens, recovery path in doubt: Reuters poll

BENGALURU – The outlook for India’s reeling economy has worsened again as business activity slows and COVID-19 infections soar, and will probably prompt the Reserve Bank of India to cut interest rates again soon, a Reuters poll of economists suggests. The latest findings echo recent criticism of New […]

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