Industry
Govt reduces ESI contribution rate from 6.5% to 4%
14 Jun 2019
The move will benefit as many as 1.29 million employers and 36 million employees while also allowing to extent the scheme to more establishments
Saudi Aramco’s 2018 net income zooms to $111.07 billion
12 Jun 2019
Saudi Aramco, the world’s largest integrated oil and gas company producing one in every eight barrels of crude oil globally, said its earnings before interest, taxes, depreciation and amortisation for the year stood at SAR 839 billion ($224 billion) while its return on average capital employed stood at 41 per cent
Urban Ladder to lay off 40% of its workforce
11 Jun 2019
Ferry service to connect India and Maldives
10 Jun 2019
NMDC’s Q4 net profit vaults 31% to Rs1,454 cr
30 May 2019
International Paper to sell its India business to West Coast Paper
30 May 2019
Depending on the open offer, WCPM will acquire 51-60 per cent of APPM’s shares at Rs275 per share from IP for a total of around Rs660 crore
British Steel falls into liquidation after failing to secure funding
22 May 2019
British Steel has already secured government loan of around 120 million pounds ($154 million) and the only option for the government is to take over the business
Panel suggests higher price for domestic gas to reduce imports
22 May 2019
With petroleum imports of Rs702,837 crore, forming 23.42 per cent of the country’s total imports of Rs3,001,020 crore during 2018, out-of-box solutions and R&D are needed to ensure the country’s energy security
IRDAI panel wants several exclusions in health cover lifted
21 May 2019
With even artificial life maintenance using a life-support machine, wherein the treatment will not result in a recovery or restoration of the previous state of health, also being brought under health cover, insurers may find the going tough
Trump declares national emergency over threats to US telecom
16 May 2019
The order does not name specific countries or companies but appears to target Chinese tech giant Huawei, the world's biggest supplier of network gear used by phone and internet companies
Disney takes control of Hulu, to enter video streaming market
15 May 2019
With Hulu in hand, Walt Disney Co plans to enter global video streaming market that is currently dominated by companies such as Netflix Inc and Amazon