North East

The rupee recovered 13 paise to close at 71.85 against the US dollar on Tuesday, provisional market data suggests, amid easing crude oil prices and weakening of the dollar in overseas market.Forex traders said that weak dollar and easing crude oil prices supported the rupee, but losses in domestic stocks and foreign fund outflows weighed on the domestic currency and limited its upmove.At the interbank foreign exchange market, the rupee had opened on a positive note at 71.84, and touched a high of 71.78 and low of 71.90 during the day.The rupee cut short its three-day losing run, with today's…

Walmart's Flipkart has filed a legal challenge against an antitrust investigation ordered against the company in India, a court filing seen by Reuters showed, following a similar petition by its rival Amazon.com Inc.The Competition Commission of India (CCI) in January ordered a probe into alleged violations of competition law and certain discounting practices by the two e-commerce giants, but a state court put the investigation on hold last week following a challenge by Amazon.Flipkart's legal filing was aimed at signalling the company is aggrieved by the CCI's probe order, a person familiar with the matter said.

Sunil Bharti Mittal, founder and chairman of Bharti Airtel, on Thursday said that adjusted gross revenue (AGR) issue is an unprecedented crisis for the telecom industry. Mr Mittal's comments came after he met telecom minister Ravi Shankar Prasad to give an overall view of the industry."Committed to complying with the Supreme Court order on adjusted gross revenue (AGR), and Bharti Airtel will make the balance payment expeditiously," Mr Mittal told reporters.Mr Mittal also said that the telecom industry is heavily taxed and suggested cut in taxes and levies for the sector.

French airports operator ADP, which operates Paris airports Roissy and Orly, has bought a 49 per cent stake in GMR Airports for 1.34 billion euros ($1.45 billion), ADP said on Thursday. GMR Airports has a portfolio of seven airports in three countries: India, the Philippines and Greece. ADP said the Delhi and Hyderabad airports in India and the Mactan-Cebu airport in the Philippines together handled a total of 102 million passengers in 2019.The four other airports, which had 22 million passengers in 2019, are either under development (Goa and Heraklion) or were recently won by GMR after a bidding process…

The Kolkata based Vedic Maths Forum India announces its partnership with Directorate of Education, U.T Administration of Dadra and Nagar Haveli and Daman and Diu to teach over 10,000 students of standard IX of the Government Schools in Vedic Mathematics over a period of a month.Children studying in the Government Schools in the Union Territory and the department of education struggle with Mathematics a lot. They find basic mathematical calculations like addition, subtraction, multiplication tables very difficult as most of the students are first generation going to schools without any support from their parents at home.The children suffer from Maths…

 The CEO of the Abu Dhabi Future Energy Company, Masdar, Mohamed Jameel Al Ramahi, will be presented with “The Gulf Intelligence International Energy Diplomacy Person of the YearAward 2019,” in London on February 27th. Previous recipients of the prestigious accolade, which takes place during the Energy Institute’s International Petroleum (IP) Week, have included the Ministers of Energy & Industry of the UAE and Saudi Arabia.  The International Energy Diplomacy Person of the Year Award celebrates the successful legacy of an individual with an outstanding record of achievement in the Advancement of collaboration and cooperation to ensure the global energy industry delivers on its commitment to the great energy transition and balanced markets. “Mr Al Ramahi’s vision to spearhead the strategic development of…

 FanFight, one of India’s leading online fantasy cricket gaming platform is confident of achieving the magic figure of 10 million subscribers by the end of the upcoming IPL season. The IPL heat has started with less than two months to go for 13th edition of the Indian Premier League (IPL). IPL is celebrated in India like a festival and it is equally prominent and a major event for FanFight. FanFight’s association with major OTT platforms like ‘Hotstar’ during IPL has been a trendsetting experience, which has helped the company to grow Multifold. The company has grown from 1 million subscribers…