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Fire suppression is bigger cause for wildfires than global warming: Environmentalist Copenhagen Consensus Center Director Bjorn Lomborg provides insight into what’s causing wildfires in California. Tens of thousands of residents in Northern California will have their power temporarily shut off starting Sunday as the state's largest utility tries to prevent […] Curtiss-Wright Corp. (CW), a manufacturer of precision components, and engineered products, said Thursday that it has agreed to acquire the stock of Pacific Star Communications, Inc. for $400 million in cash. PacStar, a private company, is a provider of tactical communications solutions for battlefield network management, including commercial off-the-shelf or […] Wind down Department of Financial Services, says Rajan Former RBI Governor Raghuram Rajan on Monday suggested that the government should privatise select public sector banks, set up a bad bank to deal with NPAs and dilute the Department of Financial Services’ role. The reforms are necessary to ensure growth of […] Keen on commercial loans below ₹25 crore, says KVB MD The 104-year-old private sector lender Karur Vysya Bank Ltd., popularly known as a trader’s bank, plans to regain its right to the appellation by foraying aggressively into metal loans and co-lending. Current account and savings bank accounts will be major […] Tightening the rules for companies, the regulatory body issued directions on tariff publication and tariff advertisements. Telecom regulator TRAI on Friday issued a fresh set of rules for publication and advertisement of tariff plans by telcos, in a bid to boost transparency in mobile offers and to help subscribers make […] Moots govt. backstop of ₹75,000 crore A working group of insurance regulator IRDAI has recommended setting up of an Indian Pandemic Risk Pool with public-private-government participation to provide coverage for losses resulting from pandemics like COVID-19 in future. Supporting formation of Indian Pandemic Risk Pool, it said the quantum of […] Oregon fire chief loses 2 homes and station, ‘the whole town is gone’ A fire chief in western Oregon lost her two family homes and town fire station hours apart. Upper McKenzie Rural Fire Chief Christiana Rainbow Plews issued a level 3 evacuation order for residents to leave the McKenzie […] FICCI warns of quagmire of low-demand, low-income cycle Following a 23.9% contraction in GDP in the first quarter of FY21, industry has urged “bold and decisive” action from the government to stimulate demand for India to return to a positive growth trajectory, the findings of a survey show. Conducted in […] Who’s to blame for California energy blackouts? According to some, California’s rolling black outs are indicative of an energy crisis. FOX Business’ Jackie DeAngelis with more. Tens of thousands of customers remained without power Wednesday in Northern California after blackouts were imposed to prevent sparking wildfires, but the state's largest utility […] RIL has started work on hiving off the oil-to-chemical (O2C) business into a separate unit for a possible stake sale to companies. Reliance Industries Limited’s new oil-to-chemical business unit will hold its oil refinery and petrochemical assets and retail fuel business but not upstream oil and gas producing fields such […]California wildfire threat spurs utility PG&E to cut power to 89,000 customers
Curtiss-Wright To Acquire Pacific Star Communications For $400 Mln – Quick Facts
‘Privatise select PSU banks’
‘Aim to regain traders’ bank tag’
TRAI advances rules for better transparency of tariff plans by telcos
Coronavirus | IRDAI panel pushes for pandemic risk pool
Al Gore promotes movement to cut global emissions in half by 2030
Bold action needed to revive economy, says industry
California utility using 'smarter, shorter' tactic for blackouts to prevent wildfires
Reliance unveils details of O2C business spinoff plan
