Business

New Delhi, Sep 13 (PTI) Shares of Reliance Industries Ltd on Monday slipped more than 2 per cent after Jio delayed the launch of its ultra-low-cost smartphone, possibly due to semiconductor shortages that the industry is facing.

The market heavyweight declined 2.25 per cent to Rs 2,370.85 on BSE.

At NSE, it went lower by 2.25 per cent to Rs 2,371.

Jio has delayed the launch of its ultra-low-cost smartphone it is developing with Google, to Diwali, possibly due to semiconductor shortages that the industry is facing.

12 Sep 2021; MEMO: Private sector companies in the UAE will have to fill 10% of their positions with Emirati nationals in five years time, the UAE said on Sunday in its latest tranche of economic reforms, reported Reuters.

The Gulf state also said it plans to spend 24 billion dirhams ($6.53 billion) to create 75,000 private sector jobs for its citizens over five years.

The target for 10% of private sector workers to be Emiratis will start with a 2% target in the first year, the UAE government said on its Twitter account.

New Delhi, Sep 11 (PTI) Congress leader Rahul Gandhi on Saturday attacked the BJP-led Centre, saying they sold everything in seven years that the Congress-led governments set up in 70 years.

Addressing the national executive of the Congress-affiliated National Students' Union of India (NSUI), he said Prime Minister Manmohan Singh was dubbed a weak PM at the time of the Mumbai terror attacks but the media did not question Prime Minister Narendra Modi at the time of Pulwama attacks.

Beijing, Sep 10 (PTI) The Taliban have informed China that the ETIM militants from the volatile Xinjiang province who reportedly converged in Afghanistan have left the war-torn country after it told them to leave.

Kanpur: The Reserve Bank of India has extended curbs on People's Co-operative Bank Limited, Kanpur, for three months from September 11 to December 10, this year.The bank has been under restrictions since June 10, 2020, through the directives issued under Section 35A of the Banking Regulation Act, 1949 (AACS), said the news.

10 Sep 2021; MEMO: Bahrain's national airline, Gulf Air, will for the first time launch direct flights to Israel's Tel Aviv on 30 September, the carrier said in a Twitter post yesterday, Reuters reports.

"We are excited to announce that we will be flying to Tel Aviv starting 30 September 2021 with two weekly flights," the tweet said.

10 Sep 2021; MEMO: Loading operations at the Libyan oil terminals of Al-Sidr and Ras Lanuf resumed today after a stoppage, National Oil Corporation (NOC) and two engineers at the ports said.

Exports were still halted at a third terminal, Hariga, where people have blocked loading operations, an engineer there said.

10 Sep 2021; MEMO: The United Arab Emirates said today residents who had been fully vaccinated with a shot approved by the World Health Organisation (WHO) could return as of 12 September from a list of previously suspended countries.

Dubai, one of the UAE's seven emirates, is due to open the Expo 2020 world fair on 1 October after a year-long delay due to the coronavirus pandemic. The regional business and tourism hub is relying on the fair to give its economy a boost.

09 Sep 2021; MEMO: The future of Algeria's gas pipeline which supplies southern Spain via Morocco is shrouded in mystery as the diplomatic row between Rabat and Algiers persists and the contractual deadline for using the transit pipeline looms.

New Delhi, Sep 8 (PTI) In a major decision, the Cabinet Committee on Security on Wednesday approved the procurement of 56 C-295 medium transport aircraft for the Indian Air Force to replace its ageing Avro planes which were first inducted around 60 years ago.

Sixteen aircraft will be delivered in a flyaway condition by the Airbus Defence and Space of Spain within 48 months of signing the contract while the remaining 40 planes will be manufactured in India, according to the defence ministry.