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Delhi HC asks ED to decide on Vivo's request to operate its bank accounts
Delhi HC asks ED to decide on Vivo's request to operate its bank accounts

New Delhi, The Delhi High Court on Friday directed the Enforcement Directorate (ED) to take a decision on Chinese smartphone manufacturer Vivo's representation seeking permission to operate its frozen bank accounts.

A bench of Justice Yashwant Varma also asked ED's counsel to take instructions on Vivo

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Lower price of edible oil by Rs 15, Centre tells associations
Lower price of edible oil by Rs 15, Centre tells associations

New Delhi,  In view of the international prices of imported edible oils seeing a downward trend, the Centre has directed leading edible oil associations to ensure reduction in the MRP of edible oils by Rs 15 with immediate effect, officials said on Friday.

The Department of Food and Public Distribution,

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TCS posts Rs 9,478 cr profit, interim dividend of Rs 8 per share
TCS posts Rs 9,478 cr profit, interim dividend of Rs 8 per share

Chennai,  Software major Tata Consultancy Services Ltd (TCS) on Friday said it closed the first quarter of FY23 with revenue of Rs 52,758 crore and a net profit of Rs 9,478 crore.

The Board of TCS also declared an interim dividend of Rs 8 per equity share of Re 1 each.

According to TCS, fo

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SUP ban: Delhi gears up for imposing hefty fines on violators
SUP ban: Delhi gears up for imposing hefty fines on violators

New Delhi,  After carrying out more than 3,500 inspections across industrial areas along with awareness drives in connection with the ban on single use plastic (SUP), the Delhi Pollution Control Committee (DPCC) on Friday said it is gearing up to fine violators -- ranging from Rs 6-10 lakh -- from next week onwards.

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Economy/Business
Global EV shipments up 79% YoY in Q1, Tesla leads: Report
Global EV shipments up 79% YoY in Q1, Tesla leads: Report

New Delhi,  With Tesla registering phenomenal growth over a year, the electric vehicle (EV) shipments grew 79 per cent year-on-year (YoY) in the first quarter of 2022 to reach 1.95 million units, says a new report.

According to market research firm Counterpoint, of these, battery electric vehicles (BEVs)

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Economy/Business
IRDAI processing licence applications of 12 companies
IRDAI processing licence applications of 12 companies

Chennai,  A total 12 applications for starting an insurance company-non-life/life/reinsurance are under various stages of processing at Insurance Regulatory and Development Authority of India (IRDAI), it is learnt.

Industry officials told IANS that the IRDAI has not licensed any new insurer during the pa

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Economy/Business
Car parking at Chennai International Airport to have EV charging stations, multiplexes
Car parking at Chennai International Airport to have EV charging stations, multiplexes

Chennai,  The multi-level car parking that will soon be operational at the Chennai International Airport will have five charging stations for electric vehicles (EV) apart from multiplex, food courts, retail outlets.

According to the Airports Authority of India (AAI), the 2.5 lakh sq.ft. multi-level car p

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Economy/Business
Inflation to ease in second half of FY23: RBI Governor
Inflation to ease in second half of FY23: RBI Governor

New Delhi,  The inflation in India is expected to ease in a gradual manner in the second half of FY23, said Shaktikanta Das, Governor, Reserve Bank of India (RBI) on Saturday.

Speaking at the Kautilya Economic Conclave, organised by Institute of Economic Growth, New Delhi, Das said, with the supply outlo

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Economy/Business
Job opportunities in EV sector growing, women climbing to the top: Study
Job opportunities in EV sector growing, women climbing to the top: Study

Chennai,  The Indian electric vehicle (EV) sector is witnessing a 108 per cent employment growth over the last two years and Bengaluru leads in the talent location, finds a survey.

As per the survey done by the recruitment and staffing company CIEL HR Services, metro cities are witnessing large participa

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Economy/Business
CEO of 19 firms charged with selling fake Cisco devices worth $1 bn
CEO of 19 firms charged with selling fake Cisco devices worth $1 bn

Washington,  A US court has charged a man that ran 19 companies and at least 15 Amazon storefronts, 10 eBay storefronts and multiple other entities that sold fraudulent and counterfeit Cisco networking devices worth $1 billion.

A federal grand jury in the District of New Jersey charged Onur Aksoy, aka Ro

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