BUSINESS

Saudi Aramco chairman to join Reliance board

9:37 pm June 24, 2021

Mumbai: Saudi Aramco chairman and head of the Kingdom’s cash-rich wealth fund PIF Yasir Othman Al-Rumayyan will join the board of Reliance Industries Ltd as an independent director in a precursor to a USD 15 billion deal. Reliance Chairman and Asia’s richest man Mukesh Ambani, who had two years back disclosed the talks to sell […]

Plant, fish based diet linked with less COVID-19 severity: Study

2:32 pm June 9, 2021

Washington : Vegetarian and fish based diets may be associated with lower odds of developing moderate to severe COVID-19 infection, suggest the findings of a six-country survey based on self-reported symptoms. The researchers noted that the survey is observational, and does not establish a causative relation between diet and COVID-19 severity, and caution is needed in the […]

NCLT approves Anil Agarwals Twin Star Technologies Rs 3,000 cr bid for Videocon Industries

11:39 pm June 8, 2021

New Delhi : Bankruptcy court NCLT on Tuesday allowed billionaire Anil Agarwal’s Twin Star Technologies to take over Videocon Industries Ltd for about Rs 3,000 crore. Twin Star, a part of Vedanta Group, will pay around Rs 500 crore within 90 days as upfront payment and the rest as non-convertible debentures over a period of time. A two-member Mumbai bench of the NCLT comprising […]

GST Council leaves tax rate on vaccines unchanged

9:08 pm May 28, 2021

New Delhi: The GST Council on Friday left taxes on COVID-19 vaccines and medical supplies unchanged but exempted duty on import of a medicine used for treatment of black fungus. A group of ministers will deliberate on tax structure on the vaccine and medical supplies, Finance Minister Nirmala Sitharaman told reporters after a meeting of […]

Gold declines Rs 205 amid muted global trends

7:45 pm May 28, 2021

New Delhi: Gold declined by Rs 205 to Rs 47,910 per 10 gram in the national capital on Friday in line with selling in global precious metals and rupee appreciation, according to HDFC Securities. The precious metal had closed at Rs 48,115 per 10 gram in the previous trade. Silver, however, gained marginally from Rs […]