Domestic cooking gas prices raised, a cylinder in Delhi to cost ₹50 more
A worker carries LPG gas cylinders on his bicycle for delivery in Delhi. File photo
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The price of domestic cooking gas for December has been raised following a spike in global energy prices. Effective 15 December, the price of a 14.2 kg non-subsidized Indane liquefied petroleum gas (LPG) cylinder in Delhi has been increased by ₹50 to ₹644.
Fuel retailers revise prices of LPG cylinders, which is primarily dependent on the international benchmark rate of LPG, and the US dollar and rupee exchange rate.
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Infosys’ deal momentum is steady and strong despite seasonality: Salil Parekh
Salil Parekh, CEO and MD, InfosysPremium
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BENGALURU :
Infosys Ltd’s deal momentum has been steady and strong during the third quarter ending in December, typically a seasonally weak quarter for IT companies, Salil Parekh, CEO & MD, said on Tuesday.
The December-ended quarter is considered a seasonally weak quarter due to the holiday season in key geographies such as the US and Europe.
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Apple supplier Wistron plant violence: ₹437 crore loss, FIR against 7,000 people; key updates
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After worker unrest at Wistron Corp.’s facility near Bengaluru turned violent over the weekend, the Taiwan-headquartered company stated that it suffered losses of over ₹437.7 crores.
A First Information Report (FIR) has been registered against 7,000 unknown people, including 5,000 contract workers, in connection with violence and vandalism at the facility of Wistron Pvt Ltd, manufacturer of iPhone, at its plant in Kolar.
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. 06:20 AM IST
The unrest has erupted over a wage dispute. One employee who spoke to Mint said that the company was defrauding workers on overtime payments, salary and had even resorted to assault.
Mrs Bectors IPO may ride piggyback on Burger King’s stellar listing
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The price offer seems expensive considering Mrs Bectors s 1% market share, an analyst says
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As Mrs Bectors Food Specialities Ltd’s initial public offering (IPO) opens today, there are two main factors that work in its favour. One, the company operates in the packaged foods segment, which has lately benefited from the increase in stay-at-home consumption during the pandemic. Mrs Bectors operates in the premium and mid-premium range of biscuits and bakery segment in North India. Secondly, the issue comes at a time when the IPO market is performing well. On Monday, Burger King India Ltd saw a spectacular listing gain with the stock more than double from its issue price of ₹60.
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Air India had current liabilities and provisions, including short-term loans and trade payables, of ₹70,686.6 crore and net debt of ₹58,255 crore at the end of March 2019.
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The Tata group and a consortium consisting of Air India employees and a financial investor have shown interest in buying the national carrier that last reported a profit in 2007, two people familiar with the developments said.
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