Business

Business & Economy

Saudi Arabia discovers gold, copper ore in Madinah

18 Sep 2022; MEMO: Saudi Arabia has announced the discovery of new sites for gold and copper ore deposits in the Madinah region.

The Saudi Press Agency (SPA) reported on Thursday that the Saudi Geological Survey (SGS), represented by the Survey and Mineral Exploration Centre said that the discoveries of gold deposits were within the boundaries of the Aba Al-Raha in the Madinah region.

The SGS also announced the findings of copper ore, located across four sites in the Al-Madiq area in the same region.

SCO should create trusted supply chains; members should give each other transit rights: PM Modi

Samarkand, Sep 16 (PTI) Prime Minister Narendra Modi on Friday called on the Shanghai Cooperation Organisation to create trusted and resilient supply chains to offset the disruptions caused by the Ukraine crisis and the Covid-19 pandemic and said the members of the grouping should give each other full transit rights to expand connectivity.

Maha FDA cancels Johnson & Johnson's baby powder manufacturing licence

Mumbai, Sep 16 (PTI) Maharashtra's Food and Drugs Administration (FDA) on Friday cancelled the baby powder manufacturing licence of Johnson & Johnson Pvt Ltd "in the interest of public health at large".

In a release, the state government agency said the company's product, Johnson's Baby Powder, may affect the skin of newborn babies.

Samples of the powder for babies did not conform to standard pH value during a laboratory test, the regulator said.

Uzbek President announces plans to expand Shanghai Cooperation Organisation

16 Sep 2022; MEMO: Uzbek President, Shavkat Mirziyoyev, announced on Friday plans for the Shanghai Cooperation Organisation (SCO) to expand, Anadolu News Agency reports.

Speaking at a meeting of the SCO leaders in Samarkand, Uzbekistan, Mirziyoyev said a Memorandum about Iran's accession to the Organisation is set to be signed.

Turkish deal for Ukraine grain shipments stabilises global food prices, US says

16 Sep 2022; MEMO: The United States has acknowledged that the Istanbul and Black Sea grain deal brokered by Turkiye and the UN has succeeded in decreasing the price of food worldwide, confirming previous expectations that enabling grain shipments from Ukraine would do so.

Iran-Russia ties can counter US sanctions: Raisi

16 Sep 2022; MEMO: Iranian President Ebrahim Raisi said yesterday that Tehran is boosting cooperation with Russia to neutralise the limitations of sanctions imposed by the United States.

This came during a meeting with Russian President Vladimir Putin held on the sidelines of the Shanghai Cooperation Organisation Summit in Uzbekistan.

India: Jajmau tanneries shut down as dirty water falls into river

Kanpur: All 213 tanneries in Jajmau have been closed with immediate effect after the irrigation channel of the purification plant broke down. This decision has been initiated to save the Ganga from polluted water.

This closure of tanneries will continue till further orders. Violation of closure order will cause registering of FIR and seizure.

The gate of the irrigation channel was shattered on the night of Thursday and Friday. The water started going to the river.

Indian PM Modi meets Turkish President Erdogan; discuss ways to deepen bilateral cooperation in diverse sectors

Samarkand, Sep 16 (PTI) Prime Minister Narendra Modi on Friday met Turkish President Recep Tayyip Erdogan on the sidelines of the Shanghai Cooperation Summit in the historic Uzbek city of Samarkand during which they discussed ways to deepen bilateral cooperation in diverse sectors.

The two leaders are in Samarkand to attend the SCO summit.

India facing highest unemployment rate in 45 years, says Rahul Gandhi

Kollam, Sep 16 (PTI) India is facing the highest unemployment rate in the last 45 years and it was the duty of the Congress party to strengthen the future of the youth and bring positivity to the minds of youngsters in the country, senior Congress leader Rahul Gandhi said on Friday.

Gandhi, who has embarked on the 'Bharat Jodo Yatra,' reached Neendakara in Kollam district today, the ninth day since he began his foot march on September 7.

Subscribe to Business