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Business Economy


IndianOil plans to invest in Gujarat

IndianOil plans to invest in Gujarat

Ahmedabad, Aug 13 (UNI) Indian Oil, the leading public sector oil and gas company, has decided to invest Rs 492 crores in Gujarat during the financial year 2019-20 to expand its supply and distribution points across the state, IndianOil Executive Director of Corporate Communication and Branding said here on Tuesday.

"The company is keen to expand its supply and distribution points across the Gujarat," said State Executive Director SS Lamba at a press meet.

Currently, IndianOil Gujarat commands a market share of 53 per cent amongst PSUs and 37 pc in the industry for Petroleum, Oils, and Lubricants (also known as POL) products.

The new investments includes capacity augmentation of Kandla import terminal from 0.6 to 2.5 MMTPA (million metric tones per annum), addition of additional storage facilities at various Terminals, including providing 15 days cover for Ethanol and setting up of about 200 new retail outlets by the end of this financial year.

IndianOil has contributed more than Rs 12,000 crore to the state exchequer during the last two financial years.

UNI RAJ RHK SHK1756

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Airtel, Google Cloud Partner to boost digital transformation in India

Airtel, Google Cloud Partner to boost digital transformation in India

20 Jan 2020 | 10:57 PM

Hyderabad, Jan 20 (UNI) Bharti Airtel (“Airtel”), India’s largest integrated telecommunications services provider, and Google Cloud, on Monday announced a partnership to serve the evolving needs of millions of Indian businesses in a rapidly digitizing economy.

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Hyderabad ranked number two metro for millennial credit demand : CASHe report

20 Jan 2020 | 10:31 PM

Hyderabad, Jan 20 (UNI) Hyderabad soars ahead in terms of millennial credit demand compared to last year, ranking second after Bengaluru, followed by others metros such as New Delhi, Pune, Mumbai, Chennai, Jaipur and Ahmedabad, said CASHe, India’s leading digital lending company for young salaried professionals, in its 2019 report on the millennials key borrowing and spending habits, release on Monday.

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G7CR Technologies joins Microsoft to give start-up a big boost in India

20 Jan 2020 | 9:21 PM

New Delhi, Jan 20 (UNI) A booster dose to the start-up ecosystem in India, G7CR Technologies, a leading global information technology and cloud services company, on Monday announced the launch of the SSB 360 program in partnership with Microsoft. The initiative will provide for start-ups and small businesses benefits of up to $3 million and strategic association.

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Paytm launches All-in-One QR in AP, Telangana ; eyes at 2X business growth within a year in 2 states

20 Jan 2020 | 9:03 PM

Hyderabad, Jan 20 (UNI) India’s largest payments platform Paytm, owned by One97 Communications Limited, on Monday launched All-in-One QR in Andhra Pradesh and Telangana to enable merchants accept unlimited payments through Paytm Wallet, rupay cards and all UPI based payment apps directly into their banks accounts at zero per cent fee.

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Paytm eyes to grow its merchants base to 25 million in year 2020

20 Jan 2020 | 7:56 PM

Chandigarh, Jan 20 (UNI) India's largest payments gateway Paytm has set target to add ten million more merchants to take its merchant base to 25 million during the current year under its All-in-One QR across the country.

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