‘E-platforms must be sensitive to defence, privacy concerns’

Upcoming law to address data availability for development All digital platforms need to be accountable and sensitive towards concerns related to defence and data privacy of citizens of sovereign countries, Union Minister Ravi Shankar Prasad said on Wednesday. The Minister, who holds the portfolio for Law and Justice, IT and Telecom, was speaking at a virtual meeting of G20 Digital […]

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Mukesh Ambani to detail post-COVID business plan at AGM; focus on leveraging tech partnerships

Strategic direction post-COVID-19 and further details on asset monetisation are key expectations from the 43rd AGM of RIL, analysts said. Billionaire Mukesh Ambani is likely to announce plans of leveraging recent partnerships with global technology giants such as Facebook as well as a vision to maximise oil to chemical conversion at his flagship Reliance Industries’ annual shareholder meeting on Wednesday, […]

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Dakota Access seeks stay of pipeline shutdown order pending appeal

Federal judge orders temporary shutdown for Dakota Access Pipeline President Trump had pushed through construction despite objections from environmental activists and Native American tribes; David Spunt reports. (Reuters) – Dakota Access, LLC asked a federal court to stay its order to shut and empty the largest oil pipeline out of North Dakota within 30 days pending an appeal of the […]

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Joe Biden and OPEC threatening US oil independence

Trump: US is now ‘energy dominant’ President Trump says the U.S. is the number one producer of oil and natural gas in the world. The battle to win U.S. energy independence has been long, hard and well worth it but the industry is facing new foreign threats from OPEC as well as right here at home from Democratic Presidential nominee […]

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‘Govt. must allow airlines commercial freedom’

India risks survival of carriers if curbs remain, says CAPA The government must cease to control commercial decisions of India’s airlines to ensure their survival following the financial setbacks caused by the air travel restrictions necessitated by the COVID-19 pandemic, aviation consultancy CAPA India warned on Monday. “Allowing complete commercial freedom is a must for the revival of airlines in […]

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RBI slams banks, NBFCs as digital loan agents flout code

Regulator says onus of compliance rests with lenders The Reserve Bank of India (RBI) has come down heavily on banks and non-banks as it found violation of fair practices code by digital platforms that act as an agency of these lenders to sell loans. The banking regulator has now prescribed norms such as loan sanction letter to be issued to […]

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Amazon signals entry into alcohol delivery in West Bengal

West Bengal State Beverages Corp, the authorised agency to carry out online retail of liquor trade in the state, said Amazon was among the companies found to be eligible for registration with authorities. Amazon.com Inc has secured clearance to deliver alcohol in India’s eastern state of West Bengal, according to a document seen by Reuters, signalling the U.S. e-commerce giant’s […]

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Marathon Petroleum may sell Speedway to Couche-Tard: Report

Economic recovery boosting oil prices a ‘dilemma’ for OPEC+: Analyst Lipow Oil Associates President Andy Lipow discusses OPEC+ cutting nearly 10 million barrels of oil per day through July and demand amid coronavirus recovery. Multibillion-dollar oil giant Marathon Petroleum may be in talks with buyers who are interested in purchasing its Speedway gas station and convenience store chain, according to […]

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Arvind ties up with HeiQ to introduce anti-viral fabrics, garments under “Intellifabrix” brand

Using this technology Arvind will offer shirting & suiting fabrics, readymade garments and face masks in India. Arvind Ltd, the leading textile-to-retail conglomerate has entered into technical collaboration with Swiss textile innovator HeiQ Materials AG and Taiwanese speciality major Jintex Corporation to introduce Anti-Viral “Virolock” textile technology for the first time in India under its brand “Intellifabrix”. Using this technology […]

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