Industry
![PMKSY to leverage Rs31,400 cr investment, benefit 2 mn farmers PMKSY to leverage Rs31,400 cr investment, benefit 2 mn farmers](/industry/Foods/images/grapes_jun_sm_domain-b.jpg)
PMKSY to leverage Rs31,400 cr investment, benefit 2 mn farmers
27 Jun 2019
The scheme will handle 33.4 million tonnes of agro-produce valued at Rs1,04,125 crore, benefit 2 million farmers and generate 5,30,500 direct/ indirect employment by the year 2019-20
![Number of US states opposing T-Mobile-Sprint merger rises to 14 Number of US states opposing T-Mobile-Sprint merger rises to 14](/industry/telecom/images/tmobile_jun_sm_domain-b.jpg)
Number of US states opposing T-Mobile-Sprint merger rises to 14
26 Jun 2019
US District Judge Victor Marrero noted that while the complaint, filed by attorneys who are Democrats, maintains that aggressive competition have resulted in “falling prices,” they also state the companies’ ability to signal each other on rates “has led to higher prices for consumers”
![Binny Bansal sells 0.33% in Flipkart to Walmart for $76.4 million Binny Bansal sells 0.33% in Flipkart to Walmart for $76.4 million](/industry/Retail/images/binny_bansal_nov_sm_domain-b.jpg)
Binny Bansal sells 0.33% in Flipkart to Walmart for $76.4 million
24 Jun 2019
Binny Bansal, who had earlier also sold a small portion of his residual stake in Flipkart, owned 3.52 per cent stake in Flipkart before the latest sale of 5,39,912 shares to Walmart
Govt warns TV channels against inappropriate representation of children in dance-based reality shows
19 Jun 2019
![ESA’s Jupter Icy Moons Explorer set for mid-2022 launch ESA’s Jupter Icy Moons Explorer set for mid-2022 launch](/industry/Aerospace/images/lcy_moon_jun_sm_domain-b.jpg)
ESA’s Jupter Icy Moons Explorer set for mid-2022 launch
18 Jun 2019
The 6-tonne satellite will first be placed in an Earth escape orbit in a direction to Jupiter before starting a journey of 600 million kilometres that will take 7.5-years, and the spacecraft will finally enter orbit around the giant planet in October 2029
![Govt reduces ESI contribution rate from 6.5% to 4% Govt reduces ESI contribution rate from 6.5% to 4%](/industry/Healthcare/images/esi_card_jun_sm_domain-b.jpg)
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 Saudi Aramco’s 2018 net income zooms to $111.07 billion](/industry/oil_gas/images/saudi_aramco_jun_sm_domain-b.jpg)
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
Hotel aggregator RateGain launches frictionless distribution platform `Smart Distribution’
07 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 International Paper to sell its India business to West Coast Paper](/industry/Paper/images/west_coast_paper_sm_domain-b.jpg)
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
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Millets, a healthier and cheaper substitute to wheat and rice, are indigenous to many parts of the world, especially in the semiarid tropics of Asia and Africa, and offers a big scope for expanding production and consumption in the foodgrain deficient African continent
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Almost a month after the damning report of short-seller Hindenburg Research on the Adani Group that claimed that the seven stocks within the group were about 85 per cent overvalued, one of the group's stocks, Adani Total Gas, closed at Rs835 on the BSE, down nearly 79 per cent from its 24 January level, almost close to reaching that valuation
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