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Image for representational purposes only. | Photo Credit: The Hindu Equity benchmark indices climbed in early trade on February 7 amid buying in shares of State Bank of India and Reliance Industries along with firm trends in the U.S. markets. Fresh foreign fund inflows also added to the positive momentum in equities. Extending its previous…
The rupee appreciated 2 paise to 83.03 against the US dollar in early trade on Wednesday, February 7, 2024, supported by positive domestic equities. Moreover, the weakness of the American currency in the overseas market also aided sentiments. At the interbank foreign exchange, the rupee opened at 83.03 against the dollar, registering a gain of…
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The aim will be to ‘prevent volatility or volatile inflows’ but ‘never’ to restrict outflows, says Somanathan. | Photo Credit: AFP India will monitor flows of foreign funds after its inclusion into JPMorgan’s emerging market debt index and take steps to avoid ‘hot money’ that can trigger volatility in currency and bond markets, a senior…
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The lack of guidelines has some eyeing possibilities. | Photo Credit: REUTERS An array of unconventional, privately-funded plans to exploit the moon, including as a site for human ashes and sports-drink containers, has gathered steam in recent years as NASA pushes to make Earth’s natural satellite more accessible. Concerns about possible gaps in U.S. oversight…
Read More “Moon cargo like human ashes, drink containers spark legal debate” »
Image for representation. | Photo Credit: The Hindu Digital payments through the popular UPI platform were impacted on Tuesday evening because of some banks’ systems facing a glitch, the National Payments Corporation of India said. “Regret inconvenience on UPI connectivity as few of the banks are having some internal technical issues,” the NPCI said on…
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Union Minister of State for Science and Technology Jitendra Singh in Parliament on February 06, 2024. The Centre on Monday said that provisions of the newly constituted research board, Anusandhan National Research Foundation (ANRF), had come into effect and announced the appointment of Abhay Karandikar, Secretary, Department of Science and Technology (DST), as interim CEO…
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Chanda Kochhar, Managing Director and CEO, ICICI Bank. File | Photo Credit: SHASHI ASHIWAL The Bombay High Court on Tuesday ruled the arrest of ICICI Bank’s former Managing Director and Chief Executive Officer Chanda Kochhar, and her husband Deepak Kochhar by the Central Bureau of Investigation (CBI) in the Videocon loan case as illegal. Justice…
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Thermax Group, an energy and environment solutions provider, has signed an agreement to acquire 51% stake in TSA Process Equipments to offer high-purity water requirements in sectors like pharma, biopharma, personal care, and food and beverages. Thermax has signed agreements for full acquisition of the company to be completed over the next two years, the…
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The announcement of Jindal Advanced Materials (JAM), an arm of the Jindal Group of Companies, to set up a manufacturing plant in Tiruchi, is seen as a positive development to change the industrial profile of Tiruchi. JAM signed a Memorandum of Understanding (MoU) with the State government at the recent Global Investors’ Meet to set…
Sanjay Malhotra, Revenue Secretary | Photo Credit: The Hindu India’s tax-to-GDP ratio is expected to hit a record high of 11.7% of GDP in 2024-25, led by an uptick in the more ‘equitable’ direct taxes, and the government will continue to simplify and rationalise the tax regime to reduce disputes, litigation and intrusive means of…