Dow To Sell Certain U.S. Gulf Coast Marine And Terminal Operations And Assets In $620 Mln Deal

Chemical company Dow Inc. (DOW) announced Monday that it has entered into a definitive agreement to sell certain U.S. Gulf Coast marine and terminal operations and assets to Vopak Industrial Infrastructure Americas for $620 million. The sale includes marine and storage terminal operations and assets at Dow’s sites in Plaquemine and St. Charles, Louisiana, and Freeport, Texas. The transaction is […]

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Rupee slips 9 paise to 73.55 against U.S. Dollar in early trade

Meanwhile, the Dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.07% to 93.26. The Rupee depreciated 9 paise to 73.55 against the U.S. Dollar in opening trade on Friday tracking muted domestic equities. The local unit opened at 73.50 at the interbank forex market, then lost ground and touched 73.55 against the U.S. Dollar, […]

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Samsung aims to double online mobile business

Expects festival launches to drive sales Samsung India expects to double its online mobile business in the second half of the current year, driven by new introductions in the festival season combined with customer preference for highend devices. “In the second half, we are seeing a strong resurgent growth. We expect to double our online business in the second half […]

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RBI alters priority sector norms to help start-ups, farmers avail loans

Assigns higher weightage to areas with low credit flow The Reserve Bank of India (RBI) on Friday released revised priority sector lending guidelines to augment funding to segments including start-ups and agriculture. This has come after a comprehensive review of the Priority Sector Lending (PSL) guidelines “to align it with emerging national priorities and bring sharper focus on inclusive development, […]

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L&T Defence bags significant contract from Ministry of Defence

The contract involves supply of Pinaka Launchers, Battery Command Posts and associated Engineering Support Package. The defence arm of Larsen & Toubro (L&T) has announced receiving a “significant” contract from the Indian Ministry of Defence (MoD) for the supply of four regiments of Pinaka Weapon Systems. The contract involves supply of Pinaka Launchers, Battery Command Posts and associated Engineering Support […]

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IndiGo to lift capacity to 60% by Diwali, says COO

‘Airline in no rush to add destinations’ IndiGo aims to raise its passenger capacity or flights to 60% of pre-COVID-19 levels by Diwali, a top official said. “We welcome the government’s announcement to allow airlines to operate up to 60% of daily flights,” said Wolfgang Prock-Schauer, president and COO. “We believe there is an underlying demand waiting to be tapped. […]

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Auto wholesales rise, firms eye demand

Maruti, Hyundai post jump in August shipments ahead of festival season; Toyota sees 48% decline Vehicle despatches by major automobile makers Maruti Suzuki, Hyundai Motor India and Hero MotoCorp. to dealers saw growth last month. This was in anticipation of healthy consumer demand in the upcoming festive season. Market leader Maruti Suzuki on Tuesday said its wholesale sales in the […]

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California heat wave leaves threat of rolling blackouts for millions as Gov. Newsom calls for probe

Fox Business Flash top headlines for August 17 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Millions of homes and businesses in California are at risk of seeing rolling blackouts through Wednesday, following an extreme heat wave that has stressed the state's electrical system. Continue Reading Below The California Independent System Operator (ISO), which manages most of […]

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Chinese firms hit as India’s quality control agency holds up approvals

Xiaomi, Oppo face delays as BIS keeps applications pending Chinese firms like Xiaomi are facing delays getting approvals from India’s quality control agency for their goods, five industry sources told Reuters, as the business environment deteriorates after a clash on their Himalayan border. The Bureau of Indian Standards (BIS) has in recent weeks delayed approvals for mobile phone components and […]

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