The ship blockage in the Suez Canal has blocked one of the busiest and most important waterways in the world. The authorities are using two dredgers, nine tug boats and four diggers, and a growing traffic jam at either end of the canal. “The focus is now on dredging to remove sand and mud from […]
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The Supreme Court set aside a 2019 order of the National Company Law Appellate Tribunal which stated Cyrus Mistry as the executive chairman of Tata Sons. Mistry had succeeded Ratan Tata as chairman of Tata Sons in 2012 but was ousted four years later in a board meeting. The bench was headed by Chief Justice […]
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Beijing has issued a clampdown on its top internet firm clouding the prospects for Tencent Holdings Ltd. and its $120 billion financial services operation. China’s top observers have seen the country’s most valuable company, scrutinizing everything. China’s widening crackdown on Tencent’s businesses could limit growth for online credit. Regulators are said to be considering forcing […]
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Corrugated box makers see financial woes emergingPrices of all types of paper in India have been increased since March 1, upsetting the user industry. Corrugated or brown box manufacturers, who use kraft paper mainly, say they are the worst affected in view of frequent price hikes. From March 1, prices of coated and uncoated papers […]
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Adani Wilmar Ltd has hired investment banks and legal advisers to start work on its initial share sale that could see the owner of the Fortune brand of edible oils raise as much as ₹5,000 crore, said three people aware of the development. Investment banks JP Morgan and Kotak Mahindra Capital have been hired to […]
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India’s rupee is the only currency in Asia to strengthen amid this month’s rout in risk assets, thanks to share-sale offers that are attracting foreign investors. The rupee has advanced 1.3% in March. The prospect of an economic recovery, a rare current-account surplus and foreign-exchange reserves approaching $600 billion have put India in a strong […]
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Mr Yuan, who is also chief executive of the video-conferencing platform, moved roughly 40% of his stake in the company last week. The shares were shown as gifts to unspecified beneficiaries last week. Mr Yuan has seen his personal wealth rocket as Zoom became a household name during pandemic lockdowns. An increasing number of students […]
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Goa Forward Party announced their support for the call by Goemchi Mati Movement (GMM) for the implementation of the Intergenerational Equity principle for mining in Goa. Goa Forward Party has fully backed the GMM’s call for preservation of the interests of future generations of Goemkars, as part of the party’s call to #SaveGoaNow. Goa Forward […]
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The Quepem Municipality has in a meeting of their Council decided to lockdown the town for 6 days out of fear of community spread. Similar decisions are being taken by Panchayats across Goa. However, many Panchayats have started withdrawing the lockdowns and the Chief Minister of Goa says that Panchayat can’T have their own lockdown. […]
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The Goa Seamen Association of India while thanking the State Government for easing the quarantine rules for Seafarers said that because of the mounting pressure of the organisations, national & international and shipping industry has built pressure to act and facilitate the repatriation of the seafarers. The GSAI said that this is a victory for […]
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