The acquisition of Sintex by Reliance Industries has been approved by the CoC.

Economy
March 21, 2022, 11:51 a.m.

Sintex began as Bharat Vijay Mills, a textile mill in Kalol, Gujarat, in the 1930s and later rebranded as Sintex Industries, a cotton yarn and fabric manufacturer.

A new Rs 16,635-crore plan will promote textile capex in the downstream value chain.

Economy
March 19, 2022, 12:13 p.m.

The capital subsidy is substantially higher than it was under the previous arrangement.

The West hasn't stopped buying Russian oil, but it is pressuring India to impose trade restrictions.

Economy
March 19, 2022, 12:10 p.m.

OECD Europe accounts for at least 75% of Russia's total natural gas exports. Russia, on the other hand, has been a minor crude oil supplier to India, delivering less than 1% of the demand, according to reports.