Month: August 2023

Jio Financial Services shares decline 5% for second straight day

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Jio Financial Services shares decline 5% for second straight day

File. | Photo Credit: Reuters Life Insurance Corporation of India (LIC) has secured 6.66% holding in Jio Financial Services Ltd. consequent to the demerger of the financial services business of Reliance Industries. It was an investment function and the shares were acquired through the demerger. The cost of acquisition was 4.68% of the demerged cost…

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Business

GDP growth to be higher than RBI’s estimate of 8% for June quarter, say Economists

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GDP growth to be higher than RBI’s estimate of 8% for June quarter, say Economists

Reserve Bank of India Governor Shasikanta Das. The RBI which expects the GDP to grow at 6.5% in FY24, has estimated a growth of 8% in the April-June period. | Photo Credit: The Hindu The country’s real GDP growth in the first quarter will be better than the Reserve Bank’s estimate of 8%, economists said…

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Business

Vodafone Idea plans to clear about ₹2,400 crore dues by September

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Vodafone Idea plans to clear about ₹2,400 crore dues by September

File. | Photo Credit: Reuters Debt-ridden telecom operator Vodafone Idea plans to clear about ₹2,400 crore of dues to the government by September, sources privy to the development said. The company recently cleared pending dues of licence fees and spectrum usage charges of about ₹450 crore for the March quarter of 2022-23, a source told…

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Business

Adani TotalEnergies E-Mobility Partners With Evera Cabs For Charging Hubs

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Adani TotalEnergies E-Mobility Partners With Evera Cabs For Charging Hubs

ATEL is setting up EV charging ecosystem with a wide range of charging points. (Representational) New Delhi: Adani TotalEnergies E-Mobility Limited (ATEL) will set up EV charging infrastructure with all-electric cab aggregator, Prakriti E-Mobility (Evera), the company said on Tuesday. “The collaboration will feature an integration of 200 EV charging points super hub in Delhi….

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Business

Hindalco mulls ₹2,000 crore investment in rail coach related green project

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Hindalco mulls ₹2,000 crore investment in rail coach related green project

Kumar Mangalam Birla. File. | Photo Credit: PTI Aditya Birla Group’s Hindalco Industries Ltd. will invest ₹2,000 crore in a railway related green-transportation project, Chairman Kumar Mangalam Birla informed the shareholders at the company’s AGM held here. “Indian Railways has the laudable goal of becoming Net Zero while concurrently doubling freight capacity,” Mr. Birla said….

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Business

ISRO may postpone soft landing on Moon to August 27 based on health of lander module: Official

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ISRO may postpone soft landing on Moon to August 27 based on health of lander module: Official

Arun Haryani, an enthusiast with his body painted in tri-colours, reacts on August 22, 2023 as he holds up a model of LVM3 M4 which was used in launching of Chandrayaan-3 spacecraft on the eve of its moon landing. | Photo Credit: Reuters As scientists at ISRO gear up for the much-awaited soft landing of…

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Science

Calories and kilojoules: how do we know the energy content of food, and how accurate are the labels?

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Calories and kilojoules: how do we know the energy content of food, and how accurate are the labels?

Everything we consume contains energy our bodies use to move, grow and maintain health. To work out how much energy is in different foods and drinks, we need to first look at a few core concepts. | Photo Credit: AP Everything we consume contains energy our bodies use to move, grow and maintain health. To…

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Science

What next for ISRO after Chandrayaan-3 mission?

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What next for ISRO after Chandrayaan-3 mission?

Representational image of a launch from Satish Dhawan Space Centre, in Sriharikota | Photo Credit: PTI A mission to study the Sun, and launching a climate observation satellite, a test vehicle as part of Gaganyaan human space flight programme and an Indo-US synthetic aperture radar — ISRO has a packed schedule following the highly anticipated…

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Science