Capital Gain

Nissan turns over a new Leaf with battery boost for Sunderland hub

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Nissan is to expand its battery production plant in Sunderland to satisfy demand for a new longer-range version of its Nissan Leaf electric car. The decision comes after Nissan disclosed the extent to which the pandemic had hurt its Sunderland plant, the largest car factory in Britain. It said that the site in Tyne and […]

FM may roll out the red carpet for FDIs

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With no fiscal space available for big-bang capital outlay, the Union Budget 2021 is likely to focus on attracting more foreign direct investments (FDIs) into India to create more jobs and spur growth impulses in the economy. “We are hopeful that with the Union Budget 2021, the government is likely to introduce two new policies […]

DCI sets up land fraud team ahead of new title deeds roll-out

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Economy DCI sets up land fraud team ahead of new title deeds roll-out Friday January 22 2021 Director of Criminal Investigations George Kinoti. FILE PHOTO | NMG By OTIATO GUGUYUMore by this Author Summary Land-related fraud cases will now be handled by a special team of investigators as the government moves to issue new title […]

10,000 pubs and restaurants called time in the year of coronavirus

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Almost 10,000 pubs and restaurants called time permanently last year, up 15 per cent on 2019, as lockdowns took their toll on licensed premises. After taking into account new openings, Britain lost almost 6,000 establishments, triple the number in 2019, as the market contracted by 5.1 per cent. According to the latest market recovery monitor […]

Latest News LIVE updates: Six killed in mine accident in Meghalaya

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Latest LIVE news updates: At least six peple were killed in an accident at a mine in Meghalaya’s East Jaintia Hills district. Maharashtra Chief Minister Uddhav Thackeray on Friday said that whether the fire at the Serum Institute of India (SII) was an accident or sabotage will be known only after the probe gets […]

Govt overhauls corporate social responsibility rules

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In a significant overhaul of the Corporate Social Responsibility (CSR) Rules, the Corporate Affairs Ministry (MCA) has introduced several changes to the CSR framework including mandating Impact Assessment for big CSR projects and revamping the reporting formats of the Board report. The other major changes include mandatory disclosure of all CSR projects and activities besides […]

AboitizPower to supply renewable energy anew to Nueva Ecija towns

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A subsidiary of Aboitiz Power Corp. has renewed its power supply agreement with a Nueva Ecija-based electric cooperative for 41 megawatts (MW) of clean energy to 10 municipalities in the area for another five years, the firm said on Friday. In a press release, AboitizPower said that its unit AP Renewables, Inc. closed its partnership […]

Kenya Power eyes 55,000 SMEs with smart meters

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Economy Kenya Power eyes 55,000 SMEs with smart meters Friday January 22 2021 Kenya Power chief executive Bernard Ngugi. FILE PHOTO | NMG By ELIZABETH OJINAMore by this Author Summary Kenya Power will supply smart meters to 55,000 Small and Medium Enterprises (SMEs) across the country in a project that seeks to boost efficiency. The […]

Next abandons its bid to but Sir Philip Green’s Arcadia

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Next has pulled out of the race to acquire the remains of Sir Philip Green’s Arcadia empire after balking at the price tag for chains including Topshop and Topman. With administrators understood to be valuing Topshop at between £250 million and £300 million, Next said that it was “unable” to meet price expectations. A source […]

Govt to impose a permanent ban on some Chinese apps including TikTok

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The government has sent letters to Chinese apps including TikTok and others, making the interim ban on these apps now permanent. “We are evaluating the notice and will respond to it as appropriate. TikTok was among the first companies to comply with the Government of India directive issued on June […]