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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
LPG gas cylinder prices hiked; check new rates
The price of Liquefied Petroleum Gas (LPG) has been hiked again. The price of a 14.2 kg LPG cylinder for domestic use has been increased by Rs 50. The price of 5kg short cylinder has been increased by Rs 18 and the price of a 19 kg cylinder has been increased by Rs 36.50. According […]
Petrol, diesel prices rise for sixth straight day
New Delhi: Petrol and diesel prices rose for the sixth day in a row on Monday as rates went up by 26-30 paise per litre. Petrol price was hiked by 30 paise per litre and diesel by 26 paise, according to a price notification of oil marketing companies. Rates for petrol in Delhi rose to Rs […]