Reliance Industries says not violating US sanctions on Venezuela, bought oil with knowledge of...

NEW DELHI: Reliance Industries Saturday said it is not in violation of the US sanctions on Venezuela and had purchased crude originating from the Latin American nation from companies such as Russia's Rosneft...

Reliance says not involved in any cash payment arrangement to Venezuela's PDVSA for oil

MUMBAI: Reliance Industries denied involvement in any arrangements that lead to cash payments for oil supplies to Venezuelan state oil company PDVSA via third parties, and said it is not in violation of...

Kurl-on acquires luxury mattress brand Spring Air for Rs 70 crore

Bengaluru: Leading mattress maker Kurl-on has acquired US-based luxury mattress brand Spring Air for Rs 70 crore. The acquisition will enable Kurl-on to cross the Rs 2000-crore revenue mark in the next two...

Howrah-New Delhi Poorva Express derails near Kanpur

KANPUR: Ten coaches of the Howrah-New Delhi Poorva Express derailed near Kanpur early on Saturday, injuring five people, railway officials said. No casualties were reported so far in the incident that occurred near Rooma...

Cutting household fuel use may save 2.7 lakh lives annually in India: IIT Study

India could make a major dent in air pollution and save about 270,000 lives a year by curbing emissions from dirty household fuels such as wood, dung, coal and kerosene, according to a...

Banking system faces Rs 70,000 crore liquidity deficit

MUMBAI: Muted government spending and high election-related spending have created a liquidity deficit of Rs 70,000 crore in the banking system, stymieing the Reserve Bank of India's record liquidity infusion via bond purchases...

US company's attempt to sue Australian government collapses

A US energy company’s controversial and unprecedented attempt to sue the Australian government has collapsed, leaving taxpayers with a $44,000 bill. In 2017 Florida-based APR Energy became the first company to attempt to sue...

Incentivise plants for quick changes in thermal supply: Govt panel

Kolkata: A government-appointed panel has recommended that coal-fired power plants be given incentives to install equipment to raise or reduce generation at short notice to accommodate renewable power and that supply from sources...

Jet Airways in talks with IATA to clear customers’ refunds

MUMBAI: Jet Airways is in talks with the International Air Transport Association (IATA) to clear some refunds from the money still saved in the billing and settlement plan (BSP) account, a person in...

Smaller accountancy firms want India to implement UK regulator report on big four

Mumbai: A report by UK’s competition watchdog calling for operationally splitting up the big four accountancy firms — Deloitte, PwC, EY and KPMG — could lead to some action in India too, industry...
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