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Business

India emerging as alternative supply source, says Hardeep Puri

New Delhi, Sep 29 (IANS) As the global supply chains are realigning, India is emerging as an alternative supply source given its raw materials, low labour costs, growing manufacturing knowhow, and entrepreneurial ability, Petroleum Minister Hardeep Puri said on Friday,Addressing the annual meeting of industry chamber PHDCCI, Puri said that with the…
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Business

India’s forex kitty falls for 3rd week in a row

Mumbai, Sep 29 (IANS) India’s foreign exchange reserves declined for a third consecutive week to a four-month low of $590.7 billion as of September 22, data released by the RBI on Friday showed.The forex kitty fell by as much as $2.3…
Business

Sony merger with Zee delayed further

New Delhi, Sep 29 (IANS) The merger of Sony Pictures, a subsidiary of Japan’s Sony Group, with Zee Entertainment has been delayed further by a few months.“Although the transaction was previously expected to close by the end of the first…
Business

Vedanta announces demerger of diversified businesses

New Delhi, Sep 29 (IANS) Vedanta Limited, India’s largest diversified natural resources company has announced its plan to demerge its business units into independent “pure play” companies to unlock value and attract big ticket investment…