In less than a year of its release, LeEco had a drain of cash which lead to the high-flying company firing over 85% of its Indian staff and allowed two leadership exits. The industry, however, analyses this gradual disappearance of this Chinese company from India. Jobs have been shed at both[Read More…]
The Madras High Court rejected two public interest litigation (PIL)’s against supplying water to soft drink companies including Pepsi and Coca-Cola from the Thamirabarani river in Tirunelvelli. The court lifted the stay order from November 2016, stating water supply will not be curbed, according to ANI. The petitioner had accused[Read More…]
Fishermen in Rameshwaram have declared to go on an indefinite hunger strike against the government ban on fishing for 45 days from mid-April which will continue throughout the month of May exclusively during the fish breeding season. Notably, this ban is enforced to safeguard the fishes during their breeding season[Read More…]
Banks including HDFC Bank, ICICI Bank and Axis Bank Wednesday onwards will be charging a minimum amount of Rs 150 per transaction for all cash deposits and withdrawals beyond four free transactions in a month. These charges would be applicable to all savings as well as salary accounts effective from[Read More…]
The price of non-subsidised cooking gas (LPG) steeply rose to Rs 86 per cylinder on Wednesday, well reflecting international trends. Non-subsidised LPG, bought by those who have exhausted the quota of 12 bottles of 14.2-kg in a year at below market price, will now cost Rs 737.50. It was priced[Read More…]
In another move against black money, the government is looking to restrain institutional money laundering by closing down “dormant” firms, alleged to be anywhere between 6 to 7 lakh. A number of these companies was involved in heavy transactions and deposited hefty amounts of cash in banks after demonetisation. The[Read More…]
The banking operations across the nation came to a halt on Tuesday as around 10 lakh bankers staged a strike against the government’s “anti-people banking reforms”, said a bank union leader. The strike was initiated by the United Forum of Bank Unions (UFBU) that comprises nine unions. They are pushing[Read More…]
With operators launching aggressive plans to match Reliance Jio, Bharti Airtel has apparently decided to eliminate the national roaming charges for both voice and data services. Airtel which has about 268 million users is giving a neck to neck competition to Mukesh Ambani’s Reliance JioInfocomm. Sources also said that there will[Read More…]
Maharashtra, Tamil Nadu, Uttar Pradesh, Uttarakhand and West Bengal consume most of the low price high nutrition (LPHN) biscuits in the country each year,according to Biscuits Manufacturers Welfare Association (BMWA). A total of 36 lakh tonnes biscuit is consumed in the country annually. Maharashtra leads with annual consumption of 1.90[Read More…]
China Eagle, a Beijing-based unmanned aerial vehicles (UAV) developer, will build the country’s largest production base for industrial drones. China’s largest production base for industrial drones is under construction in Jiangsu Province and is expected to produce its first UAV in May. In today’s world, the use of drones for[Read More…]
