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Month: August 2023

Sensex, Nifty fall in early trade on weak global trends, foreign fund outflows

Posted on August 16, 2023 By admin
Sensex, Nifty fall in early trade on weak global trends, foreign fund outflows

File. | Photo Credit: VIVEK BENDRE Benchmark equity indices declined in early trade on August 16 amid weak global market trends and continuous foreign fund outflows. The 30-share BSE Sensex fell 369.03 points to 65,032.89. The NSE Nifty declined 117.35 points to 19,317.20. From the Sensex pack, Bajaj Finance, HDFC Bank, IndusInd Bank, Tata Motors,…

Read More “Sensex, Nifty fall in early trade on weak global trends, foreign fund outflows” »

Business

Chandrayaan-3 takes another crucial step closer to moon

Posted on August 16, 2023 By admin
Chandrayaan-3 takes another crucial step closer to moon

ISRO released on August 16 a new image of the moon captured by the Chandrayaan-3 spacecraft. | Photo Credit: special arrangement After being together for 34 days onboard the Chandrayaan-3 spacecraft, the propulsion module and the lander module will part ways on August 17 and embark on their respective journeys. “It’s time for preparations as…

Read More “Chandrayaan-3 takes another crucial step closer to moon” »

Science

Scientists solve Manipur salamander ‘puzzle’

Posted on August 15, 2023 By admin
Scientists solve Manipur salamander ‘puzzle’

Photo: SPECIAL ARRANGEMENT A new-to-science cryptic amphibian has given violence-hit Manipur something to cheer about amid bloodshed and gloom. A team of scientists trekked to the Khongtheng mountain range in 2022 to uncover the mysteries of the Tylototriton verrucosus, commonly called crocodile newt, whose members had long confused even the most experienced of herpetologists. They…

Read More “Scientists solve Manipur salamander ‘puzzle’” »

Science

Mahindra unveils light weight compact tractors

Posted on August 15, 2023 By admin
Mahindra unveils light weight compact tractors

Mahindra Tractors, a part of the Mahindra Group on August 15 launched, what it terms as ‘future-ready’ range of tractors – the Mahindra OJA – at Futurescape, an event held In Cape Town. The new OJA range, the company said brings about a transformative shift in Light Weight Compact 4 wheel drive (WD) Tractor design…

Read More “Mahindra unveils light weight compact tractors” »

Business

Windfall tax on crude oil, diesel hiked

Posted on August 15, 2023 By admin
Windfall tax on crude oil, diesel hiked

Representational image only. The government has hiked the windfall profit tax on crude oil produced in the country and on export of diesel, while bringing back the levy on overseas shipments of ATF. The tax, levied in the form of special additional excise duty, on domestically produced crude oil has been raised to ₹7,100 per…

Read More “Windfall tax on crude oil, diesel hiked” »

Business

SpiceJet reports net profit of ₹197 crore in Q1

Posted on August 14, 2023 By admin
SpiceJet reports net profit of ₹197 crore in Q1

SpiceJet aircrafts prepare for landing and take-off at the airport in Mumbai. File | Photo Credit: Reuters Budget airline SpiceJet on Monday reported a net profit of ₹197 crore for the quarter ended June 2023 as compared with a loss of ₹783 crore during the same period the earlier year. For the same comparative period,…

Read More “SpiceJet reports net profit of ₹197 crore in Q1” »

Business

Retail inflation surges to 7.44% in July

Posted on August 14, 2023 By admin
Retail inflation surges to 7.44% in July

A scene at wholesale vegetable market Azadpur Mandi, in New Delhi. File | Photo Credit: Sushil Kumar Verma Retail inflation resurged in July to hit 7.44% from 4.87% in June, with consumers facing a sharp 11.5% spike in food prices. This is the highest pace of retail inflation since April 2022 and the first time…

Read More “Retail inflation surges to 7.44% in July” »

Business

Rupee falls 29 paise to close at all-time low of 83.11 against U.S. dollar

Posted on August 14, 2023 By admin
Rupee falls 29 paise to close at all-time low of 83.11 against U.S. dollar

File. | Photo Credit: C. Venkatachalapathy The rupee depreciated 29 paise to settle at an all-time low of 83.11 (provisional) against the U.S. dollar on August 14, weighed down by a strong greenback overseas and firm crude oil prices in the international markets. Foreign fund outflows also weighed on the local unit, analysts said. At…

Read More “Rupee falls 29 paise to close at all-time low of 83.11 against U.S. dollar” »

Business

Domestic air passenger traffic jumps 25% in July

Posted on August 14, 2023 By admin
Domestic air passenger traffic jumps 25% in July

Image used for representational purpose only. | Photo Credit: The Hindu India’s domestic air passenger traffic volume surged 25% year-on-year to 1.21 crore passengers in July, according to DGCA data released on Monday (August 14). The data from the Directorate General of Civil Aviation (DGCA) showed that domestic carriers flew 97.05 lakh passengers in July…

Read More “Domestic air passenger traffic jumps 25% in July” »

Business

Markets bounce back after two days of fall on buying in Reliance, Infosys; firm European equities

Posted on August 14, 2023 By admin
Markets bounce back after two days of fall on buying in Reliance, Infosys; firm European equities

File. | Photo Credit: Paul Noronha Benchmark equity indices bounced back sharply and ended in the positive territory on August 14, helped by fag-end buying in index heavyweights Reliance Industries and Infosys along with a firm beginning in European markets. The 30-share The BSE Sensex climbed 79.27 points or 0.12% to settle at 65,401.92. During…

Read More “Markets bounce back after two days of fall on buying in Reliance, Infosys; firm European equities” »

Business

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