Pakistan would not use nuclear weapons first: Imran Khan : Bulletin: Business Today
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Pakistan would not use nuclear weapons first: Imran Khan

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September 3, 2019

Major fire breaks out at ONGC plant in Navi Mumbai; at least 5 dead

A major fire has broken out at an ONGC plant in Navi Mumbai. The fire broke out at 7am on Tuesday. According to initial reports, several people are feared trapped inside the premises. ONGC fire services and crisis management team immediately jumped into action. There has been no impact on oil processing. Gas has been diverted to Hazira Plant. According to initial reports at least five are feared dead.

Maruti Suzuki cuts production for 7th straight month in Aug, output drops by 34%

Amidst weak demand and a liquidity crunch, Maruti Suzuki India on Monday said it has cut its production by 34 per cent year-on-year (y-o-y) in August, the seventh consecutive month in which it trimmed output. The mini segment, which comprises cars like Alto and old WagonR, saw the steepest decline of 62.93 per cent. With passenger vehicle sales falling by nearly a third in August, for the tenth successive month, several auto companies, including Tata Motors and Mahindra & Mahindra, have announced production cuts.

Jet Airways fails to attract new bidders during third extended deadline

Jet Airways that is undergoing insolvency proceedings has failed to attract any new bidders during the extended period for submission on initial bids. This is the third time lenders extended the deadline after August 3 and 10. The third deadline for submission of Expression of Interest (EoI) ended on August 31.

Pakistan would not use nuclear weapons first: Imran Khan

Pakistan would not use nuclear weapons first, Prime Minister Imran Khan said on Monday, amid tensions with arch-rival India after New Delhi revoked the special status of its part of the disputed Kashmir region. "We both are nuclear-armed countries. If these tensions increase, the world could be in danger," Khan said, addressing members of the Sikh religious community in the eastern city of Lahore. "There will be no first from our side ever," he said.

Growth in eight core sectors slows down to 2.1% in July from 7.3% last year

Growth in eight core sectors of India slipped to 2.1 per cent during July, in comparison to 7.3 per cent during the corresponding month last year, government data released on Monday showed. The cumulative growth across these eight industries during the April to July period in the current fiscal stood at 3 per cent, compared to 5.9 per cent in the year-ago period. The data was released after GDP growth rate of India fell to a six-year low of 5 per cent during the first quarter of the ongoing fiscal.

PNB to consider infusion of Rs 18,000 crore at board meet this week

State-run Punjab National Bank (PNB) on Monday said its board would consider capital infusion of up to Rs 18,000 crore in its meeting later this week. On Friday, Union Finance Minister Nirmala Sitharaman had announced a mega plan to merge 10 public sector banks into four as part of plans to create fewer and stronger global-sized lenders.
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