Business

 Crescent Kashmir

Finance ministry considering cutting excise duties on petrol and diesel

Finance ministry considering cutting excise duties on petrol and diesel

India’s finance ministry is considering cutting excise duties on petrol and diesel to cushion the impact of record high domestic prices, three government officials close to the discussions said. A doubling in the price of crude oil over the past 10 months has contributed to record fuel prices in the country. But taxes and duties […]

 Crescent Kashmir

Govt approves Rs 12,000-cr manufacturing push for telecom equipment

Govt approves Rs 12,000-cr manufacturing push for telecom equipment

The government on Wednesday approved Rs 12,195-crore production-linked incentive (PLI) scheme for telecom gear manufacturing in India which is expected to encourage production of equipment worth Rs 2.44 lakh crore and create direct and indirect employment for about 40,000 people, Union Minister Ravi Shankar Prasad said. The PLI scheme for telecom gear manufacturing will be […]

 Crescent Kashmir

Jeff Bezos, Amazon’s founder, will step down as CEO

Jeff Bezos, Amazon’s founder, will step down as CEO

Jeff Bezos, who founded Amazon as an online bookstore and built it into a shopping and entertainment behemoth, will step down later this year as CEO, a role he’s had for nearly 30 years, to become executive chairman, the company announced Tuesday. Bezos, 57, will be replaced in the summer by Andy Jassy, who runs […]

 Crescent Kashmir

Petrol, diesel prices touch all-time highs

Petrol, diesel prices touch all-time highs

New Delhi:Petrol and diesel prices in the country on Saturday touched new all-time highs after rates were increased for the fourth time this week. Petrol and diesel prices were hiked by 25 paise per litre each, according to a price notification from oil marketing companies. This took the petrol price in Delhi to Rs 85.70 per […]

 Crescent Kashmir

Maruti Suzuki India to increase prices of its models by up to Rs 34,000

Maruti Suzuki India to increase prices of its models by up to Rs 34,000

Maruti Suzuki India (MSI), the country’s largest car maker, on Monday said it would increase the prices of its models by up to Rs 34,000 (ex-showroom-Delhi). The new prices are effective from January 18, 2021. “The company is raising the price for select models owing to an increase in various input costs. The price change […]

 Crescent Kashmir

Petrol, diesel prices hiked again, scale new highs

Petrol, diesel prices hiked again, scale new highs

New Delhi:  Petrol and diesel prices on Thursday were hiked by 25 paise per litre each, the second straight day of increase in rates that took the prices to new highs. Petrol now costs Rs 84.70 per litre in Delhi and diesel is priced at Rs 74.88, according to a price notification from oil marketing companies. […]

 Crescent Kashmir

Beijing slams ‘bullying’ US over Trump’s order on Chinese apps

Beijing slams ‘bullying’ US over Trump’s order on Chinese apps

BEIJING: Beijing accused the US on Wednesday of “bullying” after President Donald Trump ordered a ban on a series of Chinese apps in his last weeks in office, branding them a threat to national security. Under the Trump administration Beijing and Washington have clashed repeatedly over trade, technology, human rights and the origins of the […]

 Crescent Kashmir

Jio announces free domestic voice calls from Jan 1 as IUC regime ends

Jio announces free domestic voice calls from Jan 1 as IUC regime ends

With the interconnect usage charges (IUC) regime for domestic voice calls coming to an end, Reliance Jio on Thursday said that all calls from its network to other networks anywhere in India will be free from January 1, 2021. As per the telecom regulator’s directions, ‘Bill and Keep’ regime is being implemented in the country […]

 Crescent Kashmir

Oil subsidy bill can be slashed by half in next fiscal

Oil subsidy bill can be slashed by half in next fiscal

The oil subsidy bill could be slashed by half in the next fiscal from Rs 40,915 crore if crude remains within $45-55 per barrel. Sources said North Block is considering many factors in its subsidy calculations, including the crude price. The petroleum ministry is considering to limit the subsidy to BPL families by excluding those […]

 Crescent Kashmir

Crude oil output falls 5 per cent

Crude oil output falls 5 per cent

Domestic crude oil production fell about 5 per cent in November primarily because of a sharp drop in output at the Rajasthan oilfields operated by Cairn Vedanta, government data showed on Tuesday. Also, natural gas production in the country fell 9 per cent to 2.3 billion cubic meters (bcm) in November largely because  of a […]

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