The restrictions on the imports of colour TV sets announced by the Directorate General of Foreign Trade (DGFT) come as India tries to encourage local manufacturing
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Amazon takes on Tesla; to invest $10 billion in satellite broadband plan
The announcement follows the Federal Communications Commission’s approval of the plan, called “Project Kuiper”, for the constellation of low-Earth orbit (LEO) satellites that will compete with the Starlink network being built out by Elon Musk’s SpaceX
Huawei tops Samsung as biggest smartphone seller despite US govt sanctions
Huawei still faces U.S. government sanctions restricting its international business, but it has come to dominate its domestic Chinese market, said Canalys, which estimated that the company’s shipments in China rose 8 per cent in the April-June period
SBI share price gains nearly 3% ahead of Q1 earnings
SBI share hit intra day high of Rs 191.55, a rise of 2.68% on BSE
Biz EOD: FMCG to see flat growth; Tata Steel’s plan to turn ailing business; should you invest in high-interest FDs
Catch top stories from the world of business and economy with BusinessToday.In’s Biz EOD report
Oxford coronavirus vaccine trial ‘so far so good’, says AstraZeneca
Coronavirus vaccine update: AstraZeneca has already reached deals with countries to make more than 2 billion doses of its COVID-19 vaccine, developed in partnership with the University of Oxford, and says it could be approved by the end of this year
Reliance Retail profit hit by coronavirus, EBITDA nearly halves to Rs 1,083 crore
Net profit for the April-June quarter of fiscal 2020-21 stood Rs 431 crore as stores remaining closed in wake of coronavirus outbreak and only essential services were operational
Spending 6% of GDP, doubling enrolment 2 lofty targets of National Education Policy 2020
The policy focusses on almost doubling the Gross Enrolment Ratio (GER) in higher education, including vocational education, from 26.3 per cent to 50 per cent by 2035
IndiGo blames COVID-19 and government for poor Q1 performance
IndiGo has daily cash burn of Rs 30 crore on the fixed costs side with variable costs on top of it. Low capacities are unable to cover the airline’s higher costs. If persists, the airline might have to take some harsh decisions
Reliance Q1 results: O2C business revenue plunges 33% to Rs 25,192 crore; topline from oil & gas dips 45%
O2C business, which is set to be split as a separate division, saw revenue declining by 33 per cent YoY to Rs 25,192 crore, due to lower price realisations with disruptions in local and regional markets amid the COVID-19 outbreak