If the reforms are implemented, multi-brand retail majors such as Future Group and Reliance Retail might enter the fuel retail space.
From helping their employees infected with the Covid-19 virus to vaccinating them or supporting the families of those who might have succumbed to the infection, several companies in India are trying to do their bit in this difficult time. Some have even widened their support net to include all stakeholders as well as an extended community. To the families of the employees it lost to Covid-19, Noida-headquartered IT services and consulting company HCL Technologies is, for instance, paying salary for a year, medical insurance for three years and extending support for their children's education for five years.
Talking about the 2019 season, when the team reached the playoffs after a long gap, Parth Jindal gave credit to the Ricky Ponting-Sourav Ganguly duo that was at the helm of affairs.
Initial 3,500 tickets for female fans were quickly sold out in about one hour and as a result, an additional 1,100 tickets were released for the match at the national Azadi Stadium.
Despite taking a hit on profitability amid the pandemic, companies with strong balance sheets are gaining market share because of consolidation in their respective sectors.
The captain may be loathe to the idea, but the Delhi Lawn Tennis Association defended the decision to slot the Davis Cup tie against Spain in the evening, saying the aim is to make the event more accessible to tennis fans and save Indian players from cramping.
'The India-Pakistan relationship is in a deep freeze, though it could be a lot worse had there not been a new LoC ceasefire a year ago.' 'The India-Pakistan relationship will only start to thaw if the Pakistani military decides it's prepared to push for detente.'
Multiple world champion Pellegrini tests positive for COVID-19.
The new test it will enable rapid testing amongst more people easily.
Students may choose between weekday and weekend batches, and attend scheduled online maths and science classes based on their school curriculum.
Commenting on ICC's decision to postpone the mega event, Jhulan said the right call was taken as most teams would have been under-prepared had it happened as planned.
The Badminton World Federation (BWF) shut down the world tour and other sanctioned tournaments following the completion of the All-England in March due to the global health crisis.
'By giving cameras unimpeded access to their world-class training facilities and coaches, and by showing off Guardiola's genius, All Or Nothing is a striking show of power, a declaration of their conviction of being the bigger club in Manchester,' says Dhruv Munjal.
'The prospect is of a self-confident and self-sustaining India will make it a more effective player in the global arena,' External Affairs Minister Dr Subrahmanyam Jaishankar points out delivering the Sardar Patel Lecture-2020: India and the Post-Covid World.
Each of FIFA's 211 member associations would receive $500,000 in the coming days as well as any remaining entitlements for 2019 and 2020, it added. The coronavirus outbreak has brought soccer to a standstill and clubs have struggled to cope with the loss of revenue.
All real estate developers may not be able to avail the benefit of Reserve Bank of India's one-time restructuring scheme as they might not meet the required financial ratios and have the necessary credit rating, HDFC vice chairman and CEO Keki Mistry said. He was speaking at a real estate and infrastructure investor summit organised by Naredco. "Restructuring may not necessarily help every developer because not too many will be able to meet the criteria laid down in terms of meeting the various ratios and getting credit ratings," Mistry said.
A fall in crude oil price and Aramco's $75 billion annual dividend commitment may have delayed Saudi company picking a stake in Reliance Industries Ltd's oil-to-chemical unit (O2C), research firm Jefferies said. Richest Indian Mukesh Ambani had in August 2019 announced talks for the sale of a 20 per cent stake in the O2C business, which comprises its twin oil refineries at Jamnagar in Gujarat and petrochemical assets, to the world's largest oil exporter. The deal was to conclude by March 2020 but has been delayed for reasons not disclosed by either company.
The country's Sports Ministry worked closely with the International Cricket Council's (ICC) ACU during the process of drafting the bill.
Finance Minister Nirmala Sitharaman presented her third Budget on February 1.
'Diana has sought legal opinion whether the duo can be banned. So, obviously a decision will be taken once she gives her nod. As far as I am concerned, the comments were crass, in bad taste and unacceptable'
A summary of sports events and persons who made news on Saturday
Calls from athletes and federations for a delay in the Games, which is scheduled to run from July 24 to Aug. 9, have intensified as the flu-like virus has brought sport to a grinding halt across the world.
India's Rs 4.5-trillion fast-moving consumer goods (FMCG) sector was one of the first to bounce back from the lockdown induced blues, reporting a year-on-year (YoY) growth in the October-December quarter last year. That said, the overall consumption figures continue to remain depressed. The FMCG market, which includes daily consumables like branded atta, hand sanitizers, edible oils, shampoos, razors, and so on, recorded 7.3 per cent value growth during the period, while the smartphone market grew by 21 per cent.
Indian airlines are expected to post a consolidated loss of $4.1 billion this fiscal, similar to what they are estimated to have incurred in 2020-21, taking the total losses of two years to around $8 billion as a result of the pandemic so far, aviation consultancy and research firm CAPA said on Thursday. In a report, CAPA expects domestic passenger traffic to be around 80-95 million in 2021-22 as against 52.5 million in the previous financial year. However, despite this growth, it will be well below than around 140 million passenger volumes recorded in 2019-20, CAPA said in the report. This projection of the traffic volume does not take into account the anticipated third wave of the pandemic, it added.
On March 11, the government issued a revised travel advisory, cancelling all visas till April 15 and making it clear that Indian nationals returning to the country from affected countries would be quarantined for 14 days. England is among the most-affected by coronavirus outbreak. P V Sindhu was given the choice of pulling out of All England Championships after the Indian government's travel restrictions came into force but the Olympic silver-medallist decided to play on
'Fielding is non-negotiable. Whether you are a batsman or a bowler, you have to be an excellent fielder and you have to be athletic which will help you in running between the wickets. That's how the game has evolved'
Streak gave inside info to suspected bookie during IPL coaching stint.
At any time, there is a need to operationally deploy two aircraft carriers in the vast Indian Ocean, asserts Vice Admiral Premvir Das (retd).
Billionaire Mukesh Ambani's Reliance Industries has started a limited test use of WhatsApp to connect customers to grocery stores, days after Facebook decided to invest USD 5.7 billion in digital assets controlled by the company. JioMart, an e-commerce venture of Reliance Retail, "has already started interacting with customers on WhatsApp for grocery orders" in Navi Mumbai, Thane and Kalyan, Credit Suisse said in a report.
Former Pakistan batsman Nasir Jamshed has been sentenced to 17 months in prison for his role in a fixing scandal, Britain's National Crime Agency (NCA) said. The former Test opener was banned for 10 years by an anti-corruption tribunal in 2018 for his part in the spot-fixing scandal that engulfed the Pakistan Super League (PSL) in 2017.
'There is a weak link between the economy and the stock market.'
Over the past 25 years the MF industry has come a long way. Geographic reach has increased, many more customers have been added, more channels have been opened up and the product basket is full.
The increase in bookings has also meant a significant reduction in overall costs for the online travel agencies and a consequent narrowing of losses.
'He did not take a loss lying down.' 'He inspired us to go to the next tournament with renewed confidence and helped us perform well.' 'That's the way I would remember him.'
The boxing camp is due to begin in the next couple of weeks for just the Olympic-bound.
Issuing its recommendations on Net neutrality, Trai has also suggested a multi-stakeholder body comprising telecom and Internet service providers, content providers, civil society organisation and consumer representatives for monitoring and investigation of violations.
Following is a list of quotes from the 17-times Grand Slam champion on tennis, the pandemic, vaccines and more:
Unlike the race to buy airwaves by telecom companies, airports by infrastructure companies and city gas networks by energy companies, the race to develop super apps by consumer-facing companies in India has not brushed up against any regulatory issues. Officials at the ministry of electronics and information technology and at other regulators are happy they do not have to meddle in who among the Tata group, Reliance Industries Ltd, Flipkart or Paytm will manage to build an app that sweeps in customers. Unlike separate apps a customer uses on her mobile to order groceries, buy food or airline tickets or just make payments, a super app can perform all these functions.
More than a year of Covid-19 has pushed most businesses into gloom but Reliance Industries Ltd (RIL) managed to reduce its gross debt 25 per cent, enabling it to turn towards its next phase of capital expenditure that has come in the form of a Rs 75,000-crore plan for green energy and power storage. The company managed to stay afloat during the pandemic because of its large presence in the consumer-centric businesses of retail and telecommunication (see chart: "A new Reliance"). These two businesses constituted 45 per cent of its EBITDA during FY21 from 36 per cent in FY20.
'And that means all of us have to be very careful.'
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