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Regulators mull reversing $462M increase in PG&E fire fines

PG&E reaches $13.5B settlement for wildfire victims FOX Business’ Susan Li reports on courts approving PG&E’s settlement with wildfire victims, potentially paving the way for the company to exit bankruptcy. BERKELEY, Calif. — California power regulators are weighing a recommendation to back off plans to fine Pacific Gas and Electric an additional $462 million over a series of deadly Northern […]

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Xiaomi commits ₹15 cr to fight against COVID-19

The company has partnered with Give India. Chinese electronics major Xiaomi on Tuesday pledged ₹15 crore contribution towards India’s fight against COVID-19. Of this, Xiaomi will donate ₹10 crore to the PM’s relief fund and CM Relief Funds across various states, a statement said. Also, the company will continue to donate face masks and protective suits to hospitals across various […]

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Curaleaf Gets Essential Services Designation; To Buy Three Dispensaries

Curaleaf Holdings Inc. said it has received an ‘Essential Services Designation’ in key markets, allowing its medical dispensaries to remain open during the COVID-19 outbreak. The Massachusetts-based cannabis company added that it will hire across its retail, cultivation and processing facilities. In addition, Curaleaf said it will acquire three Arrow Alternative Care or AAC dispensaries in the state of Connecticut, […]

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Reliance Industries initiates work-from-home for staff amid Coronavirus outbreak

RIL will continue to monitor the situation. India’s largest firm Reliance Industries has initiated work-from-home for its staff while keeping open consumer-facing businesses of hospital, retail stores and telecom with a minimum workforce amid increasing number of COVID-19 cases in the country. Chairman and Managing Director Mukesh Ambani will hold a meeting almost every third day to take stock of […]

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Cement firms upbeat as A.P. to lift 12 million tonnes more a year

State projects offer hope to makers hit by slowdown Indian cement manufacturers are in an upbeat mood as the Andhra Pradesh Government has sought more than one million tonnes of cement per month for its projects for the next fiscal. “The yearly consumption of cement by the Andhra Pradesh Government is about 18 million tonnes per year. If the State […]

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Oil surges on hope of economic stimulus

Russia may smoke peace pipe with OPEC Oil prices surged by around 8% on Tuesday, a day after the biggest rout in nearly 30 years as investors eyed the possibility of economic stimulus and Russia signalled that talks with OPEC remained possible. U.S. President Donald Trump on Monday said he will be taking “major” steps to gird the U.S. economy […]

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Oil plunges as producers begin price war

Suffers biggest daily rout since 1991 Gulf War; Saudi, Russia to raise production Oil prices crashed on Monday, suffering their biggest daily rout since the 1991 Gulf War, after the collapse of an OPEC+ supply agreement that now threatens to overwhelm the world with oil, inciting panic throughout the energy sector. Also read | Market mayhem: Sensex, Nifty log steepest […]

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China Jan-Feb dollar-denominated exports tumble 17.2%, imports down 4%

Analysts had forecast a 15% contraction in imports, reversing sharply from a rise of 16.5% in December. China’s exports tumbled 17.2% in January-February from a year earlier, while imports shrank 4%, as a fast spreading coronavirus outbreak caused massive disruptions in economic activity that rippled through global supply chains, customs data showed on Saturday. The export fall was the steepest […]

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