Rakesh Kumar

USD 400 mn dividend of 4 Indian firms stuck with Russian oil companies

A consortium comprising Oil India, Indian Oil Corp and Bharat Petroleum Corp own 23.9% of Russia’s Vankorneft oil project and 29.9% of the Tass-Yuryakh oilfield in east Siberia.

30 Apr 2023

UAE, US top smartphone buyers from India

Smartphone exports double to $11 billion in 2022-23; Apple iPhones account for 50% of exports in value terms

28 Apr 2023

WTO ruling threatens domestic electronics manufacturers

The World Trade Organisation has termed India’s high import duty on information and communications technology (ICT) products as illegal.

20 Apr 2023

Tim Cook to open first Apple store in India today

Meets Mukesh Ambani, Chandrasekaran; likely to meet PM Modi, IT minister Rajeev Chandrasekhar during his stay

18 Apr 2023

iPhone maker takes big strides in India

In 2022, its plants in China faced a complete shutdown due to China’s zero-Covid policy. The simmering tension between the US and China has forced the company to shift its base to India or Vietnam.

15 Apr 2023

Russia’s oil exports soar to record high in March

Ever since war broke out between Russia and Ukraine, Western countries have either shunned or stopped purchasing crude oil from Russia.

15 Apr 2023

Apple announces opening dates for retail stores in Mumbai, Delhi

The announcement of a retail store in India assumes significance as the Cupertino-based tech giant is shifting its production base to India from China

11 Apr 2023

Gas firms cut CNG price by Rs 8 a kg, PNG 5 per scm

It believes the reforms will help expand the consumption of natural gas and contribute to achieve target of emission reduction.

09 Apr 2023

Gas price for April fixed at USD 6.5 a unit

Under new rules, floor and ceiling prices of gas fixed at USD 4 and USD 6.5 a unit, respectively

08 Apr 2023

Government to ban online games, advertisements involving betting

IT minister Rajeev Chandrasekhar stressed on the need for KYC (Know Your Customer) to ensure that no money laundering is involved through online gaming.

07 Apr 2023

Government scraps windfall tax on crude oil

Levy on diesel export cut to `0.5 a litre as softening trend seen in oil prices in 2nd half of March

05 Apr 2023

India scraps windfall taxes on petroleum export after OPEC's decision to cut oil production

This comes after the oil exporting countries, including Saudi Arabia, Iraq and Russia, decided on Sunday to cut production by nearly 1.6 million barrels a day to stabilise the crude price.

04 Apr 2023

Oil prices up 6 pc after OPEC’s output cut, to inflate India’s crude basket cost

The OPEC+ countries including Saudi Arabia, Iraq and Russia, on Sunday said they will slash output by 1 million barrels a day, accounting for about 3.7 per cent of global demand.

04 Apr 2023

Samsung Galaxy S23 Ultra: A brilliant camera phone, but too expensive

Last month, South Korean tech giant Samsung launched its flagship smartphone, Samsung Galaxy S23 Ultra, at a price of R1,24,999.

03 Apr 2023

India will start exporting coal from FY26: Coal minister

Joshi said production from captive/commercial mines has crossed 100 million tonne for the first time.

30 Mar 2023

India inks deal to ramp up Russian oil imports

The deal assumes significance as it comes at a time when India is increasingly facing diplomatic pressure from Western countries to curtail imports of ‘cheaper crude’ from Russia.

30 Mar 2023

RIL, 10 other cos to get Rs 14K cr production linked incentive on solar power

As per the power ministry, the scheme will fetch the government an investment of Rs 93,041 crore and generate nearly 1,01,487 jobs in the country.

29 Mar 2023

TRAI asks telcos to use AI by May 1 to curb financial fraud 

The technology will enable telcos to check pesky messages , eventually blocking them.

28 Mar 2023

India fastest country in the world in 5G rollout, says PM

Calling the new ITU Area Office and Innovation Centre in India a huge step, he said this move will give momentum to India’s efforts to provide universal connectivity in the Global South.

23 Mar 2023

India’s 4G, 5G tech sought after across world, including US: Minister

The telecom minister has said on many occasions that India-developed technology is not only cheaper but also refined.

23 Mar 2023

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