India, Iran ink long-term pact for Chabahar Port at end of talks
India and Iran have finally signed a long-term contract for the development of Chabahar Port after years of negotiations. The signing of the pact will pave the way for the full use of this strategic port in south-eastern Iran, which was developed with Indian aid.
>P2 Zomato serves up first full-year profit, sharpens focus on Blinkit
Food-delivery company Zomato Ltd, which has turned in its first full-year profit, is now doubling down on its rapidly growing quickcommerce business Blinkit. For Blinkit, Zomato has plans to add 100 dark stores by June, and 1,000 warehouses in FY25.
>P3 India’s government debt at safe levels: Nirmala Sitharaman
Finance minister Nirmala Sitharaman on Monday said India’s government debt, including that of states, is safe and prudent going by debt sustainability norms and that the country is in a better position than others.
Exhibitors eye big southern movies to cheer box office >P11
Several multi-language, big-banner, big-starcast movies from the South are lining up for release in the coming months. This has raised hopes of theatre owners across the country for some succour from a dry spell in the box office.
>P6 Govt plans to dispose of extra rice stock, weighs options
The Centre is trying to dispose of an excess of more than 18mt of rice sitting in the godowns of FCI. It is exploring alternatives after rejecting a proposal to revise the specifications for the rice that is distributed free to the poor under PMGKY.