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Month: February 2024

Rupee falls 4 paise to 83.12 against U.S. dollar in early trade

Posted on February 14, 2024 By admin
Rupee falls 4 paise to 83.12 against U.S. dollar in early trade

Representational image of a man counting money | Photo Credit: Reuters The rupee depreciated 4 paise to 83.12 against the U.S. dollar in early trade on Wednesday, tracking a negative trend in domestic equities. Forex traders said the strength of the American currency and elevated crude oil prices in the international market dented investors’ sentiments….

Read More “Rupee falls 4 paise to 83.12 against U.S. dollar in early trade” »

Business

BHEL reports ₹149 crore net loss in Q3

Posted on February 13, 2024 By admin
BHEL reports ₹149 crore net loss in Q3

State-owned BHEL on Tuesday posted a consolidated net loss of ₹148.77 crore for the third quarter ended December 2023, impacted by higher expenses. It had posted a net profit of ₹42.28 crore in the October-December period of the preceding 2022-23 financial year, the company said in an exchange filing. The company’s total income rose to…

Read More “BHEL reports ₹149 crore net loss in Q3” »

Business

JSW Steel, JFE Corporation to set up electrical steel facility in India with ₹5,500 crore investment

Posted on February 13, 2024 By admin
JSW Steel, JFE Corporation to set up electrical steel facility in India with ₹5,500 crore investment

JSW Steel Limited is a leading integrated steel producer with a presence in India and international markets. File | Photo Credit: Reuters JSW Steel on Tuesday announced plans to set up a grain oriented electrical steel manufacturing facility through a joint venture with JFE Steel Corporation at an estimated investment of ₹5,500 crore. Japan-bases JFE…

Read More “JSW Steel, JFE Corporation to set up electrical steel facility in India with ₹5,500 crore investment” »

Business

Thorny clause in ripening India-European Free Trade Association deal may hit generic drug industry

Posted on February 13, 2024 By admin
Thorny clause in ripening India-European Free Trade Association deal may hit generic drug industry

A clause in a draft free trade agreement text being negotiated between India and the European Free Trade Association (EFTA) — Switzerland, Iceland, Lichtenstein and Norway — could delay access to affordable, generic versions of patented drugs in India by a minimum of six years, according to documents viewed by The Hindu. A leaked draft…

Read More “Thorny clause in ripening India-European Free Trade Association deal may hit generic drug industry” »

Business

Plea filed in SC seeks to review Adani-Hindenburg verdict

Posted on February 13, 2024 By admin
Plea filed in SC seeks to review Adani-Hindenburg verdict

The logo of the Adani Group is seen on the facade of one of its buildings. File | Photo Credit: Reuters A review petition was filed on Tuesday in the Supreme Court seeking a relook of its January verdict backing the investigation of the Securities and Exchange Board of India (SEBI) in the Adani-Hindenburg case…

Read More “Plea filed in SC seeks to review Adani-Hindenburg verdict” »

Business

OPEC sticks to oil demand view, sees better economic growth

Posted on February 13, 2024 By admin
OPEC sticks to oil demand view, sees better economic growth

Oil production by OPEC countries fell by 350,000 bpd in January 2024. File | Photo Credit: Reuters OPEC stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025 on February 13, and raised its economic growth forecasts for both years saying there was further upside potential. The Organization of…

Read More “OPEC sticks to oil demand view, sees better economic growth” »

Business

‘We must act now’: IT Ministry fears losing out to China, Vietnam in smartphone exports race

Posted on February 13, 2024 By admin
‘We must act now’: IT Ministry fears losing out to China, Vietnam in smartphone exports race

Only a fraction of ‘Made-in-India’ phones are exported as some of its parts are subject to the high tariffs, raising overall costs. File | Photo Credit: Mohammed Yousuf India risks losing out to China and Vietnam as it seeks to become a major smartphone export hub and must “act fast” to lure global companies with lower…

Read More “‘We must act now’: IT Ministry fears losing out to China, Vietnam in smartphone exports race” »

Business

IRDAI chief asks insurance players to underwrite disruptions to improve market penetration

Posted on February 13, 2024 By admin
IRDAI chief asks insurance players to underwrite disruptions to improve market penetration

Debasish Panda. File | Photo Credit: The Hindu Insurance players need to underwrite disruptions to make the vision of ‘insurance for all’ a reality by 2047, regulator IRDAI’s chief Debasish Panda said on February 13. The chairman of the Insurance Regulatory and Development Authority of India (IRDAI) also emphasised that the approach of ‘one-size-fits-all’ has…

Read More “IRDAI chief asks insurance players to underwrite disruptions to improve market penetration” »

Business

Synthetic human embryos let scientists sidestep ethical hurdles

Posted on February 13, 2024 By admin
Synthetic human embryos let scientists sidestep ethical hurdles

Embryonic development, also known as embryogenesis, is a cornerstone in understanding the origins of life. But studying this marvel of intricate and layered biological processes in people faces considerable challenges. Early-stage human embryos are difficult to obtain. Then there are ethical issues surrounding their use. This has made it difficult for scientists to understand early human development….

Read More “Synthetic human embryos let scientists sidestep ethical hurdles” »

Science

Newborn gas planets may be surprisingly flat: new study

Posted on February 13, 2024 By admin
Newborn gas planets may be surprisingly flat: new study

A new planet starts its life in a rotating circle of gas and dust, a cradle known as a protostellar disc. Image for Representation. | Photo Credit: AFP A new planet starts its life in a rotating circle of gas and dust, a cradle known as a protostellar disc. My colleagues and I have used computer simulations to…

Read More “Newborn gas planets may be surprisingly flat: new study” »

Science

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