Business

Kanpur: Kanpur District Transport Agency flagged off the plying of as many as 25 electric buses in the city areas on Sunday. These buses will operate on 10 different routes in the city.

These electric buses will be highly useful in not only reducing the pollution levels in the whole of state but they will also provide relaxation from intense noise pollution.

What remains good for the daily passengers is that the fares have been marked even lower than tempo services.

9 Dec 2021; MEMO: The United States will send a senior government delegation to the United Arab Emirates next week to meet with banks over concerns about Iran sanctions compliance, a State Department spokesperson said on Thursday, as nuclear talks with Iran stall.

The move suggests Washington is looking to crank up economic pressure on Tehran amid Western doubts about Tehran's determination to salvage the 2015 nuclear accord, Reuters reports.

10 Dec 2021; MEMO: The United States' House of Representatives has passed legislation to ban imports from China's Xinjiang province due to concerns about the forced labour of the persecuted Uyghur Muslims.

Mumbai, Dec 10 (PTI) The rupee declined further by 8 paise to a fresh 16-month low level of 75.68 in early trade on Friday due to continued foreign found outflows and losses in the stock market.

At the interbank foreign exchange market, the rupee opened lower at 75.65 against the previous close of 75.60 and fell further to a low of 75.68, down by 8 paise, in early morning deals.

07 Dec 2021; MEMO: Poland aims to become an important supplier of high-quality goods and services to Qatar, President Andrzej Duda said on Monday. This is in addition to being an importer of Qatari gas, the Polish Press Agency has reported.

07 Dec 2021; MEMO: Egypt has signed an alliance with several American companies worth 3.5 billion Egyptian pounds ($19 billion) to develop the Tahrir Complex located in downtown Cairo.

The Tahrir Complex, also known as the Mogamma, used to be a government administrative building where people went to renew their visas, obtain their driving licence or to process documents.

New Delhi, Dec 7 (PTI) Indian Oil Corporation (IOC), the nation's largest oil firm, has renewed a deal to buy up to 2 million tonnes of crude oil in 2022 from Russia's Rosneft, the Russian oil producer said.

IOC had in February 2020 signed a deal with Rosneft Oil Company to import up to 2 million tonnes of oil via the port of Novorossiysk. In 2021, the deal envisaged supply of up to 1.7 million tonnes of crude oil but IOC bought just on parcel or shipload as the cost of transporting the oil made it uneconomical, when compared to alternatives.

Mumbai, Dec 6 (PTI) The RBI on Monday imposed several restrictions on Nagar Urban Co-operative Bank Ltd, Ahmednagar, Maharashtra, including a cap of Rs 10,000 on withdrawals for customers in the wake of deterioration of its financial position.

The restrictions, imposed through directions under the Banking Regulation Act (as applicable to co-operative societies), 1949, shall remain in force for a period of six months from the close of business on December 6, 2021 and are subject to review, the Reserve Bank said in a statement.

New Delhi, Dec 6 (PTI) BJP MP Nishikant Dubey on Monday sought a ban on cryptocurrencies, asserting that they are based on dark net technology and would be used for drugs, prostitution and terrorism.

Raising the issue during the Zero Hour in the Lok Sabha, he likened the situation prevailing in the country with respect to cryptocurrencies with 'Tulip mania' in Holland in 1600s.

New Delhi, Dec 6 (PTI) India and Russia on Monday vowed to deepen collaboration in the space sector, including in the human spaceflight programme, and signed an agreement for cooperation in the building as well as operation of launch vehicles.

The pact was signed during the India-Russia summit held between Prime Minister Narendra Modi and Russian President Vladimir Putin