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Logistic & transportation

Odisha rail crash: A tragedy that shook the nation

Massive cranes and bulldozers have been deployed in Balasore district, Odisha to lift up one of the coaches that was trapped under the wreckage of three successive train derails. Firefighters were using gas torches and electric cutters to extract those who had survived as well as the corpses from the smashed steel. At least 238

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Oil & Gas

ONGC plans to invest 1 lakh crore in energy transition by 2038

Arun Kumar Singh, chairman of India’s top oil and gas producer ONGC, said on Monday that the company plans to invest 1 lakh crore in energy transition projects by 2030 as part of its goal of reducing carbon emissions to zero by 2038. As part of the nation’s commitment to fight climate change, Indian Oil

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Business

Why Airtel, Not Jio, Is Emerging as the Biggest Winner Amidst Vodafone Idea’s Woes

Regardless of whether the Indian telecom market remains as it is today with three players or becomes a duopoly, Bharti Airtel will be the biggest beneficiary of Vi’s troubles. The Indian telecom sector has undergone massive upheaval and consolidation since Reliance Jio debuted in 2016. Jio, Airtel and Vodafone-Idea are the only three private telecom

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Retail

Adidas Finally Tackles Huge Inventory Problem with the Launch of Massive Yeezy Sale

Since its breakup with Kanye West, Adidas has struggled to dispose of 1.2 billion euros ($1.3 billion) worth of Yeezy shoes, forcing it into a significant loss at the end of last year. Bjorn Gulden, Adidas’ CEO, said selling the popular shoe line would mean paying Ye royalties. Ye was dropped five months ago after

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Pharma & Healthcare

8 Strategies To Build a Medical Device Manufacturing Business

Starting a medical device company is a great way to move your idea to market. The industry is on track to be worth $500 billion globally. If you have an idea for a new device, take some time to consider if you should build a company around your product. Before starting your medical device manufacturing

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Logistic & transportation

Adani Ports Achieves Highest-Ever Rail Cargo of Over 120 MMT in FY23

APSEZ, the flagship company of Adani ports Group, handled 120.51 million metric tonnes (MMT) of rail cargo in FY23, up from 98.61 MMT in FY22. Through the Indian Railways’ General Purpose Wagon Investment Scheme (GPWIS), APSEZ saw a 62% YoY increase in rail cargo. Mundra Port handled over 15,000 container trains in FY23. As a

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Pharma & Healthcare

Is Now the Time to Sell Your Medical Practice?

Over the years, you’ve invested your time, energy, and resources into building your medical practice. It’s more than just a business – it’s a testament to your commitment to providing high-quality healthcare to your community. But now, you find yourself grappling with a question that many healthcare practitioners eventually face: “Is now the time to

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Oil & Gas

ONGC Pulls Out of Daman Gas Field Project Due to Rising Costs

Oil and Natural Gas Corporation (ONGC) has canceled bids received for its Daman upside gas development project off the western coast after receiving high price quotes, sources said. The project is crucial to ONGC’s strategy of ramping up gas production from its shallow-water fields off India’s west coast. With the completion of the project, 4.5

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Business

Vi loses subscribers, Reliance Jio and Airtel gain nearly 1 million each in February

According to the Telecom Regulatory Authority of India (TRAI), Vodafone Idea lost over 2 million subscribers in February, while Reliance Jio and Airtel each added nearly 1 million subscribers. As a result, the total number of telecom subscribers fell by 1.1 million to 1,142 million in February. As of February 31, Vi had 237.9 million

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Oil & Gas

China-Pakistan Partnership: Is Paying for Oil in Yuan a Solution to Pakistan’s Troubled Economy?

Despite not involving China, the Chinese yuan is gaining traction in cross-border payments. Pakistan has become the latest country to indicate that it will use the Chinese currency Yuan paying for Russian oil across borders. Pakistan is considering a new payment method for its first Russian crude oil order for 750,000 barrels that will arrive

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