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Centre imposes 50% export duty on molasses

Jan 16, 2024

New Delhi, Jan 16 (IANS) The Central government has imposed a 50 per cent export duty on molasses, a by-product of sugarcane, with effect from January 18.Molasses is used as an input for producing alcohol.The government’s decision is aimed at ensuring adequate quantities of the raw material are available to meet its production target for ethanol…

Hindustan Copper, NALCO shares up after lithium mining pact with Argentina

Jan 16, 2024

New Delhi, Jan 16 (IANS) Shares of Hindustan Copper and NALCO were up on Tuesday after India’s KABIL and Argentina’s CAMYEN SE signed a landmark agreement for first-ever exploration and mining of Lithium.Shares of Hindustan Copper were up…

Business

Invest in Telangana campaign launched at WEF meet

Jan 16, 2024

Hyderabad, Jan 16 (IANS) The Telangana government has launched the 'Invest in Telangana' campaign at the World Economic Forum (WEF) meeting at Davos, Switzerland.The 54th Annual Conference of the World Economic Forum began in Davos on…

Business

Apple to remove blood oxygen app from its watches to evade import ban: Report

Jan 16, 2024

San Francisco, Jan 16 (IANS) In a document filed with the US Court of Appeals for the Federal Circuit, medical technology company Masimo has said that Apple has prepared modified Apple Watch models that "do not contain pulse oximetry…

Business

ONGC, OIL to gain as govt cuts windfall tax on crude oil

Jan 16, 2024

New Delhi, Jan 16 (IANS) The Union government has reduced the windfall tax on petroleum crude to Rs 1,700 per tonne from Rs 2,300 a tonne in its fortnightly revision as oil prices have come down in the international market.The reduction…

Business

Samsung family members sell shares worth $2 bn to pay inheritance taxes

Jan 16, 2024

Seoul, Jan 16 (IANS) Three members of Samsung Group's founding family have sold their shares worth $2 billion in group affiliates, including Samsung Electronics, in an apparent bid to pay inheritance taxes. Samsung Electronics said in a…

Business

Nifty now up three times from Covid low of 7,511 in March 2020

Jan 16, 2024

New Delhi, Jan 16 (IANS) Nifty is now up three times from the Covid low of 7,511 in March 2020, says V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services. This is an indication of a strong bull market and it has a…

Business

Apple snatches top slot in global smartphone market from Samsung in 2023

Jan 16, 2024

New Delhi, Jan 16 (IANS) Apple became the leader of the global smartphone industry in 2023 for the first time, driven by an all-time high, 20.1 per cent market share for the company, a new report said on Tuesday. Samsung, which has been the…

Business

UP showcases investment potential to Japan

Jan 16, 2024

Lucknow, Jan 16 (IANS) K.V Raju, the economic advisor to Uttar Pradesh Chief Minister Yogi Adityanath, made a presentation on “Destination Uttar Pradesh” during a virtual interaction at the VCC auditorium, Tokyo, featuring the growing…

Business

‘Uncomfortable’ Musk wants more voting control at Tesla to build AI

Jan 16, 2024

San Francisco, Jan 16 (IANS) Elon Musk on Tuesday said that he is "uncomfortable" growing Tesla to be a leader in artificial intelligence (AI) and robotics without having 25 per cent voting control at the company.The Tesla CEO currently has…

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