India seeks to block Chinese firms from sub-Rs 12,000 phone market: Report

India seeks to restrict Chinese smartphone makers from selling devices cheaper than Rs 12,000 ($150) to kickstart its faltering domestic industry, dealing a blow to brands including Xiaomi Corp. The move is aimed at pushing Chinese giants out of the lower segment of the world’s second-biggest mobile market, according … Read more

Baghel seeks extension of GST compensation for 5 years at NITI Aayog meet

Chhattisgarh Chief Minister Bhupesh Baghel Sunday reiterated his demand to the Centre seeking a five-year extension for the compensation paid to states for revenue shortfall due to GST implementation and called for revising the rates of royalty for coal and other major minerals from the state. Addressing the meeting of the seventh … Read more

Sisodia writes to CBI, seeks probe into ex-LG’s stance on liquor shops

The tussle between the Centre and Delhi government over the Delhi excise policy row continued to brew as Deputy Chief Minister Manish Sisodia on Saturday demanded a CBI probe against former Lieutenant Governor (LG) Anil Baijal alleging his decisions had caused a loss to the exchequer. “The Lieutenant Governor (LG) took a … Read more

EOG seeks to maintain 4% annual output growth while holding capex steady (NYSE:EOG)

Sean Hannon/iStock via Getty Images EOG Resources (NYSE:EOG) finished +7.2% in Friday’s trading despite missing estimates for Q2 adjusted earnings, as it expects to maintain current capital spending levels even as production is planned to rise by ~4% this year and next. Q2 net income jumped to $2.24B, or $3.81/share, from $907M, or $1.55/share, in … Read more

Trai seeks views on AI, big data adoption to improve telecom services

Telecom regulator Trai on Friday floated a consultation paper to seek public views on the adoption of artificial intelligence and big data to improve telecom services and enhance network securities and efficiencies. The Telecom Regulatory Authority of India (Trai) in its consultation paper on “Leveraging artificial intelligence and Big Data in the … Read more

Andhra Pradesh seeks to attract $4 billion investment in EV segment

Andhra Pradesh is seeking to position itself as the lighthouse state’ and attract investments to the tune of four USD billion in the electric vehicles segment over the next few years. As a first step in this direction, the state government is holding a day-long CEO-Ministerial Dialogue on Friday … Read more

Amended Energy Conservation Bill seeks to build carbon credit market

In line with the climate commitments made by India at the 26th session of the Conference of the Parties, commonly called COP26, the Centre has introduced amendments to its the Energy Conservation Act, 2001, to meet the targets embracing green fuels, industrial energy efficiency, and build the country’s own carbon credit … Read more

Venezuela Seeks to Revive Gas Exports to Colombia

Breadcrumb Trail Links PMN Business Venezuela is studying whether it could revive an abandoned pipeline in western Venezuela to export natural gas, according Juan Ricardo Ortega, the head of one of Colombia’s biggest power companies. Author of the article: Bloomberg News Patricia Laya and Fabiola Zerpa c97]g93eri8o21sj22mynsv[_media_dl_1.png Bloomberg RSS Article content (Bloomberg) — Venezuela is … Read more

SC seeks govt response on pleas against extended term for ED director

The Supreme Court on Tuesday sought a response from the Union government on petitions challenging its decision to extend the term of the current director of the Enforcement Directorate (ED), Sanjay Kumar Mishra. A Bench of Chief Justice of India N V Ramana and Justices Krishna Murari and Hima Kohli has posted the matter for … Read more