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Fuel price rise impacts consumption in India
Fuel price rise impacts consumption in India

New Delhi,  The rising fuel prices is impacting demand conditions in India that is looking for an accelerated recovery of the economy post Covid-induced lockdowns and disruptions.

According to official data, country's fuel consumption fell sharply in February, the second consecutive month when demand

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Bernie Sanders invites Jeff Bezos to hearing on wealth inequality
Bernie Sanders invites Jeff Bezos to hearing on wealth inequality

New York,  US Senator Bernie Sanders has invited Amazon Founder and CEO Jeff Bezos to a hearing next week on income and wealth inequality.

"I have invited Jeff Bezos to testify in the Budget Committee next week to explain to the American people why he thinks it's appropriate for him to spend a w

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Economy seen consolidating in March with hopes of double digit growth in FY 2021-22: PHD Chamber
Economy seen consolidating in March with hopes of double digit growth in FY 2021-22: PHD Chamber

New Delhi,   Economic activity is expected to consolidate in March 2021 as the Covid-19 impacted difficult financial year 2020-21 is winding down with new hopes for the next financial year with a great growth trajectory of Indian economy, said Sanjay Aggarwal, President, PHD Chamber of Commerce and Industry on Sat

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Andhra initiates steps to solve problems in logistics ecosystem
Andhra initiates steps to solve problems in logistics ecosystem

Amaravati,  Andhra Pradesh Industries Minister Mekapati Goutham Reddy on Friday said the state government has initiated comprehensive efforts to solve all the problems being faced by the logistics ecosystem.

"A comprehensive and synergetic effort is underway by Andhra Pradesh government to ensure th

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US court suspends ban on Xiaomi, firm welcomes decision
US court suspends ban on Xiaomi, firm welcomes decision

 

San Francisco/New Delhi,  Xiaomi on Saturday welcomed a US court ruling to temporarily suspend the decision by the Department of Defence asking the US companies not to invest in the Chinese conglomerate.

The company said in a statement that it will continue requesting the US to remove de

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Petrol, diesel prices unmoved though global oil rate firm
Petrol, diesel prices unmoved though global oil rate firm

 

New Delhi,  Fuel prices in the country have remained steady for a fortnight now even though global oil market remains volatile with regular variations in prices.

Accordingly, petrol continues to be priced at Rs 91.17 a litre and diesel Rs 81.47 a litre in the capital on Saturday. Fuel pr

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India's stand on OPEC+ prod. cuts ensures full oil supply for Saudi
India's stand on OPEC+ prod. cuts ensures full oil supply for Saudi

New Delhi,  India's strong resistance to the OPEC+ move over continuation of unilateral oil production cuts going into April has bore some results with the world's largest oil producer, Saudi Arabia, ensuring full monthly supplies of crude to the country even as it reduced supplies to other Asian countries.

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Economy/Business
E-commerce players cannot be partial to any sellers
E-commerce players cannot be partial to any sellers

 

New Delhi,  An e-Commerce operator operating in marketplace or hybrid mode shall manage its relationship with sellers on its platform in an agnostic manner and without being partial to any of its sellers.

This is laid out in the Draft E-commerce policy prepared by Department for Promotio

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World
43 dead migrants buried in Yemen mass grave
43 dead migrants buried in Yemen mass grave

Sanaa,  Yemen's Houthi militia said that 43 Ethiopian migrants, who were killed in a fire at a detention centre here earlier this week, have been buried in mass graves.

"The Sunday's fire at the migrant detention centre in Sanaa was an accident," Xinhua news agency quoted the Houthis, w

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World
Lebanon Parliament passes laws on World Bank loans
Lebanon Parliament passes laws on World Bank loans

Beirut,  The Lebanese Parliament has passed a law on a $246 million World Bank loan that will provide direct cash assistance for about 150,000 vulnerable families, at a time when 50 pe rcent of the country's population have been plunged into poverty.

On Friday, Parliament also passed another law on a

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