The plant was closed in December following protests over its workers being treated for food poisoning Apple Inc supplier Foxconn will reopen its shuttered iPhone manufacturing facility in Tamil Nadu on January 12, government officials and a legislator in the region where the plant is located told Reuters. Foxconn Technology Group said it has implemented a range of corrective actions […]

Urjit Patel will be one of the five vice-presidents of the AIIB with a three-year tenure. He is expected to take over his posting next month Former Reserve Bank of India (RBI) governor Urjit Patel has been appointed vice president of the Beijing-based Asian Infrastructure Investment Bank (AIIB). Mr. Patel will serve on a three year term as one of […]

Last month, Cairn had agreed to drop litigations to seize Indian properties as it has accepted the Indian government’s offer to settle tax dispute relating to the levy of taxes retrospectively. Britain’s Cairn Energy Plc has dropped lawsuits against the Indian government and its entities in the U.S. and other places and is in the final stages of withdrawing cases […]

ONGC’s production fell on delays in mobilising equipment India’s output of crude oil, which is refined to produce petrol and diesel, continued to decline in November, with lower output from state-owned firms leading to a more than 2% drop, official data showed on Tuesday. Oil production in November was 2.43 million tonnes, down from 2.48 million tonnes a year earlier […]

Will every piece of gold jewellery have a unique identification number? Why was the move necessary? The story so far: The Government of India has made hallmarking of gold jewellery mandatory in the country. It is now being implemented by the Bureau of Indian Standards (BIS) in a phased manner. With an aim to bring transparency in the jewellery trade […]

Airport count to rise to 220, from 136 currently: Rajiv Bansal The airports sector is expected to see an investment of ₹90,000 crore in a five-year period, with almost ₹68,000 crore coming from the private players, a senior official said on Wednesday. The civil aviation sector, which was battered by the COVID-19 pandemic that had also resulted in the suspension […]

Asset monetisation is part of the ₹69,000-cr. revival plan for state-owned firms The government has listed for sale real estate assets of state-run telecom firms MTNL and BSNL at a reserve price of about ₹970 crore, according to documents uploaded on the DIPAM website. BSNL properties located in Hyderabad, Chandigarh, Bhavnagar and Kolkata have been posted for sale at a […]