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In the Sensex pack, NTPC, Tata Steel, SBI and IndusInd Bank were among the major laggards. | Photo Credit: Reuters Benchmark stock indices Sensex and Nifty closed sharply lower on February 12 amid a rush for profit taking and mixed trends in global markets. The 30-share BSE Sensex settled 523 points or 0.73% lower at…
Roughly 20 years ago, a biologist named Caroline Gargett went in search of some remarkable cells in tissue that had been removed during hysterectomy surgeries. The cells came from the endometrium, which lines the inside of the uterus. When Dr. Gargett cultured the cells in a petri dish, they looked like round clumps surrounded by…
Read More “ The untapped potential of stem cells in menstrual blood” »
A reduction of 15% would mean around 1,350 people will lose their jobs in SpiceJet. | Photo Credit: PTI “Crisis-hit SpiceJet plans to hand out pink slips to at least 1,000 employees in the coming days as the airline works to significantly reduce costs and streamline operations of its depleted aircraft fleet,” officials said on…
Watch | Somnath S. on ‘Transformative Leadership in ISRO’ Think of a typical day involving a rocket launch, and one is sure to imagine a control room where chaos reigns supreme, and the people involved in the launch, moving about frenziedly. Somnath S, chairman, the Indian Space Research Organisation (ISRO), debunked this myth, at The…
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On February 9, the domestic currency settled at 83.07 against the dollar. | Photo Credit: The Hindu The Rupee appreciated eight paise to 82.99 against the U.S. dollar in early trade on February 12, amid weakness of the American currency in the overseas market. At the interbank foreign exchange, the domestic currency opened at 83.01,…
Read More “Rupee rises eight paise to 82.99 against U.S. dollar in early trade” »
In the Sensex pack, Wipro, HCL, Tech Mahindra and Infosys were the major gainers while PowerGrid, Hindustan Unilever, Reliance, Bharti Airtel and ICICI Bank were among the laggards. | Photo Credit: Reuters Equity benchmark indices witnessed see-saw movements in early trade on February 12, mainly tracking mixed trends in global markets. Opening on a positive…
Read More “Stock market sees volatile trading in morning session” »
n 2016, when HP split into two and was looking to sell stake in Mphasis, it was Blackstone that picked up stake. File photo | Photo Credit: AP Janaki Krishnan Quick question. What is common to Manipal Hospitals, Mphasis, HDFC Credila, Suven Pharma, Eureka Forbes, Sona Comstar and Coforge? Keen corporate watchers would have spotted it…
Read More “How PE firms are transitioning from investors to managing companies” »
Venkatesha Babu & Isha Rautela If there is one product that 3M – a global conglomerate with nearly $35 billion in annual sales and 60,000 plus products – is universally known for, it is its post-it notes. Who doesn’t use the ubiquitous sticky yellow notes that now have started appearing in a multitude of colours. The…
Read More “How serendipity led to sticky success for 3M’s Ramesh Ramadurai” »
Growth in the Personal Income Tax revenues continued to outstrip Corporate Income Tax. Representational | Photo Credit: C. Venkatachalapathy India’s net direct tax collections picked up pace over the past month to rise 20.25% year-on-year by February 10, compared to a 19.4% uptick on the same date in January, as per data released by the…
Read More “Direct tax kitty gathers steam, up 20.25% by February 10” »
Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu interacting with the milk producers of the State in Shimla on Sunday. Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Sunday said the State government was all set to introduce innovative schemes and increase farmers’ incomes in the upcoming annual Budget since agriculture and milk production played a…