Month: October 2021

Reliance expands into green energy sector, buys Norway-based REC Solar

Written by Shubhangi Gupta | Edited by Poulomi Ghosh Expanding into the green energy sector, Reliance Industries Limited (RIL) on Sunday bought Norway-based REC Solar from China National Bluestar for $771 million (around ₹5,800 crore). “Reliance New Energy Solar Ltd (RNESL), a wholly owned subsidiary of RIL, has acquired REC Solar Holdings AS (REC Group) …

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Air India sale: Govt eyes at monetising Alliance Air, other AI subsidiaries

After the historic privatisation of Air India, the Union government has announced that it will begin to work on the monetisation of four of its other subsidiaries, including Alliance Air as well as non-core assets like land and buildings worth ₹14,700 crore, Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said …

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Banks to remain shut for 6 out of 7 days next week. Full list here

Public and private banks will remain closed on six out of seven days in the upcoming week during Durga Puja or Navratri celebrations. The festive season has begun which means it is time to spend money on gifts and celebrations for your family and friends. However, if you have any important bank-related work during this …

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El Salvador to fund veterinary hospital using bitcoin, president says

It is the first country in the world to recognise the cryptocurrency as legal tender. El Salvador will invest some of the $4 million gains it has obtained from its bitcoin operations to build a veterinary hospital, President Nayib Bukele said on Saturday. Bitcoin lost almost 10% of its value on Sept. 9, after the …

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Realme TechLife Robot Vacuum Cleaner Review: A clean home is a smart home

There is the understood wisdom of good timing when it comes to launching new products. Realme, a brand that you probably better remember for Android smartphones, TVs and the recently launched Realme Book (Slim) laptop, is making a big bet into the smart home space in India. This is under the company’s TechLife umbrella, the …

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Singapore extends Vaccinated Travel Lane scheme to 8 countries. Check list

Singapore will be extending its Vaccinated Travel Lane (VTL) scheme to eight more countries from October 19, allowing travellers who are fully vaccinated against the COVID-19 to enter the city-state without having to serve quarantine, media reports quoting the civil aviation authority said on Saturday. Fully vaccinated travellers from Canada, Denmark, France, Italy, the Netherlands, …

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Mukesh Ambani joins $100 billion club among world’s richest Bezos, Musk

Mukesh Ambani, Asia’s richest person, joined Jeff Bezos and Elon Musk in the world’s most exclusive wealth club with a fortune of at least $100 billion. The chairman of India’s Reliance Industries Ltd. entered the rarefied group of 11 men as his conglomerate’s stock climbed to a record on Friday. He’s now worth $100.6 billion, …

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RBI ends quantitative easing, keeps policy rates unchanged

The Indian economy is on a recovery path, but it still needs all the policy support it can get. Given the worrying turn in external economic environment, it is important that the ongoing recovery is expedited, and the festive season will be crucial in achieving this goal. That’s the central message from the Monetary Policy …

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