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WhatsApp Image 2023-02-26 at 9.49.20 AM (1)
WhatsApp Image 2023-02-26 at 9.49.20 AM

Biz news

Easier payments gets full support in BRICS summit

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Kochi: In a move to make cross-border financial settlements easier, BRICS countries getting closer to find a solution to the issue respecting national priorities.The Finance Ministers  and Central Bank governors have said in a statement that easier payments will promote trade settlements and investments using BRICS local currencies.BRICS called for continued work on cross-border payment mechanisms …

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OMCs reduce LPG refill booking interval

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Kochi: State-run oil marketing companies were on Monday directed by the Union Ministry of Petroleum and Natural Gas to uniformly implement a 25-day inter-refill booking interval for domestic LPG consumers across both urban and rural areas.In a letter dated September 7, the Ministry directed Indian Oil Corporation Ltd, Bharat Petroleum Corporation Ltd and Hindustan Petroleum …

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US to control 65 bn barrels of Venezuelan oil

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Kochi: In a major announcement by US President Donald Trump, the US has reached a deal with Venezuela to control over 65 billion barrels of its oil reserves.This Historic Transaction MORE THAN DOUBLES American Oil Reserves, greatly increases our Oil Supply, and will substantially lower Gas Prices for all Americans,” Trump posted on social media.Venezuela’s …

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US warns of sanctions for trade with Iran

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Kochi: The US has directed countries to business association with Iran else they will have to face sanctions after its war with Iran nearing six months, media reports said.Treasury Secretary Scott Bessent said the U.S. was ‌ launching an “economic onslaught” against Iran’s worldwide financial connections without specifying countries that would be targeted.The Treasury Department …

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Jana Nayagan collection drops midway

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Kochi: Tamil Nadu Chief Minister Joseph Vijay’s film ‘Jana Nayagan’ Box Office Collection witnessed a sharp drop on Friday.However, the actor turned politician’s last film as an actor opened strongly at the box office, earning Rs 42.7 crore net in India on its first day, the Screen reported.According to trade tracker Sacnilk, Jana Nayagan earned …

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CorroHealth to hold more talks

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Kochi: US-based CorroHealth on Friday agreed to hold talks with Kerala Government on retrenchment of employees, Kerala Labour Minister Bindu Krishna said on Friday.Top level company officials of the healthcare technology company will hold further talks in coming days, Bindhu Krishna told reporters.The meeting took place after Kerala High Court directed both sides to attempt …

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UP signs MoU companies at Bangluru meet

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Kochi: Uttar Pradesh signed an MoU worth Rs 50,000 crore with 15 companies at a high-profile investment roadshow hosted by Chief Minister Yogi Adityanath in Bengaluru on June 24.The Uttar Pradesh Global Growth Dialogue 2026 was attended by representatives from global corporations, Global Capability Centre operators, technology firms, real estate developers and institutional investors, the …

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Kerala Liquor tax puts Congress in soup

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Kochi: Kerala’s decision to sharply reduce the sales tax on Indian-made foreign liquor (IMFL) with low alcohol content in Kerala has put the Congress-led government in a soup.The Opposition is using the issue to bash the government accusing it of helping a leading liquor manufacturer.The CPM has accused the government of protecting “certain interests”, and …

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Blow to Trump’s tariffs card

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Kochi: The US Supreme Court has struck down President Donald Trump’s sweeping global tariffs delivering a major blow to the president’s economic agenda, BBC reported.The Supreme Court ruled Trump exceeded his authority when he imposed tariffs via a law reserved for national emergencies.The ruling applies to his so-called “Liberation Day” tariffs. Trump argues the taxes …

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Major defence pact gets nod

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Kochi: In a major decision, the centre cleared a Rs 3.25 lakh crore proposal on Thursday to induct 114 additional fighter jets into the Indian Air Force (IAF), the Economic Times reported.The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh gave Acceptance of Necessity (AoN) to the programme.The proposal was approved by the …

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No B – loans for Green card holders

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Kochi: US government-backed small business loans will nolonger be available for Green card holders from March 1, 2026, the Economic Times reported.This is due to the US Small Business Administration (SBA) tightening its citizenship and residency rules.The change applies to key SBA loan programmes and affects businesses with any ownership by lawful permanent residents, an …

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Kerala booze Rs 132 cr for Christmas

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Kochi: Kerala gulped liquor worth Rs 332.62 crore during Christmas days from December 22 to 25, Asianet reported. It is 19 percent more compared to the same period in 2024.Liquor worth Rs 114.45 crore was sold during December 24.Bevco had opened premium counters this year.Kerala State Beverages (M&M) Corporation Ltd (BEVCO) sells liquor on behalf …

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Pak sells PIA for Rs 135 Bn

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Kochi: Pakistan privatised loss making Pakistan International Airlines (PIA) at Rs 135 billion to a consortium led by a local investment company, The Economic Times reported.Investment firm Arif Habib outplayed pre-qualified parties, Lucky Cement, private airline Airblue in the bid claimed to be done transparently. Arif Habib emerged the highest bidder, offering Rs 115 billion, …

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