Billionaire supermarket owner warns inflation will ‘continue to go up’ John Catsimatidis, the billionaire owner and CEO of New York City supermarket chain Gristedes, warns food prices will continue to rise as manufacturers have been raising prices. John Catsimatidis, the billionaire owner and CEO of New York City supermarket chain Gristedes, called for the White House to "stop the war […]
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The quantum of such pre-construction interest is to be divided equally in five instalments. Q. I am planning to construct a house by taking mortgage loan from a private bank. Will the principal repayment be allowed under section 80C and interest payment under section 24A of the Income Tax Act? V. N. R. Vinoth A. By mortgage loan, it is […]
Read moreGasBuddy analyst on what to expect in 2022 GasBuddy analyst Patrick De Haan warns the highest gas prices “will be in the first half of the year.” Patrick De Haan, head of petroleum analysis at GasBuddy, warned on Thursday that gas prices in 2022 will be "front and loaded," noting that the highest gas prices "will be in the first […]
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‘Firm holds 66% market share, saw CAGR of 13.2% in 2019-21’ The Assets Under Management (AUMs) of the IPO-bound Life Insurance Corporation of India (LIC) more than doubled to ₹36.7 trillion on a standalone basis in FY21 from ₹16.18 trillion in the previous year, according to officials privy to presentations made to potential investors. AUMs comprise investments made by the […]
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The amendments in the licences were issued on December 21 and extended to other forms of telecom permits on December 22. Department of Telecom (DoT) has extended the duration of archiving call data and internet usage records of subscribers to two years from one year due to security reasons. The amendments in the licences were issued on December 21 and […]
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World’s largest-ever green power purchase agreement, says firm Gujarat-based Adani Green Energy Ltd (AGEL) has signed an agreement with Solar Energy Corporation of India (SECI) to supply 4,667 MW of green power. This is the world’s largest-ever green power purchase agreement, the company said in a statement. “We are pleased to have signed the world’s largest PPA with SECI,” said […]
Read moreBiopharmaceutical company Omeros Corp. (OMER) announced Thursday that it has entered into a definitive agreement for the sale of OMIDRIA to Rayner Surgical Group Ltd. The transaction, expected to close on or before December 31, 2021, includes an upfront payment of $125 million with an additional $200 million in a commercial milestone payment. Omeros will also retain its accounts receivable […]
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While the company did not share the exact timeline for when the new plant will begin operations, it said it will be “ready for 2022”. Electric two-wheeler maker Ather Energy on Monday said it has commissioned its second manufacturing facility in India in Tamil Nadu, to cater to increased demand for its 450X and 450 Plus scooters. While the company […]
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In the first auction of radio airwaves in five years in March 2021, the government offered 2,308.80 MHz of spectrum in seven bands, at a reserve price of nearly ₹ 4 lakh crore. Telecom industry body COAI is learnt to have asked the government to cut the base price of spectrum by more than half, for the proposed auction especially […]
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