Oil Prices Tumble 6% as Trump Shows Eagerness to Talk to Iran
Investors reacted to signals of possible de-escalation of the war in the Middle East. Source link
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Combine view for all mandates in one place: RBI to payment industry
MUMBAI: The Reserve Bank of India (RBI) wants the payments industry to move towards an interoperable system that allows customers to view all mandates across payment instruments, whether UPI or credit cards, in a single interface. The central bank wants to position it as a key customer protection measure at a time when subscription-based services…
Iran Says ‘Non-Hostile’ Ships Can Sail Through the Strait of Hormuz
Ships with no ties to Israel or the United States would be allowed to pass, the government said, but it was unclear if any vessels would try. Source link
Beer, alcohol companies seek price hike
NE DELHI: Beer makers on Tuesday warned of supply disruptions this summer due to cost increase and inadequate availability of packing material, while Indian alcohol makers have asked states to revise prices of Indian Made Foreign Liquor, citing price pressures. The Confederation of Indian Alcoholic Beverage Companies said a weaker rupee, along with higher cost…
Delta Air Lines Says It Will Suspend Special Services for Congress Members
Airport escorts and “red coat” assistance for lawmakers will be suspended, the airline said on Tuesday, citing the extended partial government shutdown. Source link
FMCG companies plan to hike prices, cut grammage
MUMBAI: Your next bottle of soft drink could cost you more and chances are that you will get lesser value out of the pack of biscuits or chips you buy. Consumer goods companies are implementing a mix of selective price hikes and grammage cuts to pass on some of the steep rise in input costs…
New York Times Accuses Pentagon of Defying Court Order
The company said in a legal filing that the department sought to fashion an “end run” when it issued revised media rules on Monday. Source link
Maruti lines up Rs 10k cr for new Gujarat plant
NEW DELHI: Maruti Suzuki on Tuesday approved investment of Rs 10,189 crore to add capacity of 2.5 lakh vehicles per year at its upcoming manufacturing facility in Gujarat, as the country’s largest carmaker looks to meet growing domestic demand including exports. Source link
New Limits on Investors and a Debt Downgrade Add to Private Credit Woes
Investors are concerned about the health of the industry, which ballooned over the past decade. Source link
Government plans to merge Ircon, RVNL to help them scale up
NEW DELHI: Two major railway PSUs – Rail Vikas Nigam (RVNL) and Ircon International – are set to be merged as part of a move to create a bigger entity that can take up larger domestic and international projects, instead of competing with each other, top officials said Tuesday.This marks the second PSU merger after…