According to two persons familiar with the proposal, India’s BPCL intends to shut down its 156,000 barrels per day (BPD) Bina refinery in central India for maintenance for nearly a month in June. According to the sources, the state-run refiner also intends to shut down half of its 240,000 BPD Mumbai refinery in western India […]
BPCL to shut down Bina refinery in June for maintenance AND inspection Read More »
With initiatives like special interviews for first-time applicants and increased staffing levels nationwide, the US embassy in India hopes to reduce the length of time that applicants must wait to receive visas. For the help of Indian citizerns who need visa in person interview for USA , the US embassy in Delhi and its consulates
The US Embassy to cut visa wait periods for Indians Read More »
GoMechanic exaggerated finances to attract Investors to get Growth At All Costs. With revenue fraud & layoffs impacting 70 Percent of its workforce, Go-Mechanic is the latest Sequoia backed startup whose supposed main intention was to deflate the valuation to getting listed in a while on Indian exchanges. A group of investors have called for
Go Mechanic story of financial exaggeration Read More »
Maruti Suzuki India, an automaker, announced on Friday that it intends to raise prices on all its models starting in January 2023. It cited cost challenges brought on by inflation and regulatory obligations. The automaker said in an exchange filing, “While the company makes the maximum effort to reduce cost and partially offset the increase,
In a partnership with a major business, Essar Group intends to build a Rs 40,000 crore petrochemical complex in Odisha, the company announced in a statement on Thursday. According to the statement, the oil to the petrochemical complex will have an annual capacity of 7.5 million tonnes. It did not give the identity of the
Essar Group intends to build a Rs 40,000 billion petrochemical facility in Odisha Read More »
When launching the National Level Start-up Initiative organised by the Software Technology Park of India (STPI) and Electronics and Computer Software Export Promotion Council, Ashwini Vaishnaw, Minister of Railways, Communications, and Electronics and IT, claimed that the electronics and BPO sector could add millions of new jobs (ESC). He claimed that in the next two
The Reserve Bank of India announced the launch of the first pilot for retail digital Rupee (e₹-R) on December 1. The apex bank previously said on October 31 that the pilot would start in a month. The production, distribution, and real-time retail use of digital rupees will all be put to the test during the
On December 1, the RBI will launch the first pilot for the digital rupee Read More »
Elon Musk announced his intention to “Go to War” against Apple. The CEO of Twitter has voiced his discontent with Apple’s 30% levy on software sold through the Apple Store. According to Musk, Apple has threatened to exclude Twitter from its App Store. The software is still accessible on the App Store, though. Elon Musk
OYO, a travel tech business, posted a net loss of 333 crore rupees in the second quarter, down from 414 crore rupees in the first quarter. The Securities and Exchange Board of India (SEBI) received the company’s H1 results on Saturday. In the first and second quarters, OYO’s adjusted EBITDA increased eight times, from Rs
IPO-bound OYO discloses a net loss of Rs. 333 crore; EBITDA increases by 8x Read More »
Sources have confirmed that e-commerce and technology giant Amazon has informed the Labour Ministry that all resignations made in accordance with the Voluntary Separation Policy are voluntary and that no employees are being subjected to excessive pressure. The Voluntary Separation Program plan that Amazon had distributed to its Indian employees had become the subject of
