Month: February 2024

Crypto currencies have no underlying value, says RBI official

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Crypto currencies have no underlying value, says RBI official

Image used for representative purpose only. | Photo Credit: REUTERS Crypto currencies cannot be referred to as “currencies” as they have no underlying value, a central bank official said. The Reserve Bank of India (RBI) has been critical of new-age currencies like bitcoins, saying they pose systemic risk to the financial systems. “Crypto currencies cannot…

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Business

Markets extend winning run to fourth day as auto, IT shares advance

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Markets extend winning run to fourth day as auto, IT shares advance

Wipro was the biggest gainer in the Sensex chart, rising 4.79%, followed by M&M, L&T, Tata Motors, Maruti, Infosys, Nestle India and IndusInd Bank. | Photo Credit: Reuters Equity benchmark indices marched higher for the fourth straight session on February 16, with Nifty closing above the 22,000 level, tracking gains in index majors L&T, Infosys…

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Business

What makes the brain the most complicated object in the universe

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What makes the brain the most complicated object in the universe

In the middle of 2023, a study conducted by the HuthLab at the University of Texas sent shockwaves through the realms of neuroscience and technology. For the first time, the thoughts and impressions of people unable to communicate with the outside world were translated into continuous natural language, using a combination of artificial intelligence (AI) and brain…

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Science

SpiceJet’s Singh vies with Sky One in bidding for Go First

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SpiceJet’s Singh vies with Sky One in bidding for Go First

SpiceJet promoter Ajay Singh. File | Photo Credit: Reuters SpiceJet promoter Ajay Singh and Sharjah-based aviation company Sky One on Friday submitted competing bids for bankrupt airline Go First. Mr. Singh, who is the chairman and managing director of the publicly held company that operates the budget carrier, submitted a bid in his personal capacity…

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Business

Rupee rises 4 paise to settle at 83.01 against U.S. dollar

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Rupee rises 4 paise to settle at 83.01 against U.S. dollar

Image for representation | Photo Credit: Reuters The rupee rose 4 paise to settle at 83.01 (provisional) against the U.S. dollar on Friday, amid positive sentiment in the domestic equity markets and softening crude oil prices. Forex traders said a strong American currency and outflow of foreign funds, however, capped a sharp gain in the…

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Business

Venture capitalists back ‘steroid Olympics’ where drug-testing is legal

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Venture capitalists back ‘steroid Olympics’ where drug-testing is legal

Eve Thomas of New Zealand, left, and Simona Quadarella of Italy, right, compete in the women’s 800-meter freestyle heat at the World Aquatics Championships in Doha, Qatar, Friday, Feb. 16, 2024. | Photo Credit: AP For many, elite sport is the quintessential human endeavour. It drives ferocious competition, captures unconditional tribal loyalty, and rewards the…

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Science

India initiates anti-dumping probe into imports of solar glass from China, Vietnam

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India initiates anti-dumping probe into imports of solar glass from China, Vietnam

India has already imposed anti-dumping duty on several products to tackle cheap imports from various countries, including China. (Representational image only.) | Photo Credit: The Hindu India has initiated an anti-dumping probe into imports of certain solar glass from China and Vietnam, following a complaint by domestic players. The Commerce Ministry’s investigation arm Directorate General of…

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Business

ISRO’s high-resolution imaging satellite Cartosat-2 bids adieu

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ISRO’s high-resolution imaging satellite Cartosat-2 bids adieu

The first day image captured weather observation Cartosat-2 series satellite shows a part of Indore city in Madhya Pradesh with the Holkar Cricket Stadium in the centre. | Photo Credit: PTI ISRO’s high-resolution imaging satellite Cartosat-2 has descended into Earth’s atmosphere on February 14, 2024. “Cartosat-2, ISRO’s high-resolution imaging satellite, bid adieu with a descent…

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Science

What our ancestors’ genomes can tell us about modern health | Explained

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What our ancestors’ genomes can tell us about modern health | Explained

Where did we come from? What did our ancestors eat? What adversities did our ancestors face? Why did some of our ancestors suddenly disappear? These and many such questions have fascinated people for a long time. Ancient DNA (aDNA) studies powered by cutting-edge genomic techniques have opened a window into the past, providing unprecedented insights…

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Science