Month: April 2024

The ‘import restrictions’ on solar PV cells | Explained

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The ‘import restrictions’ on solar PV cells | Explained

Photovoltaic solar panels in the Pavagada Solar Park in Kyataganacharulu village, Karnataka. | Photo Credit: Getty Images The story so far: Recent government orders on attempts to increase local sourcing of solar modules to support India’s renewables manufacturing ecosystem has been widely reported in the media as ‘import restrictions’. This follows the Ministry of New…

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Business

Peter Higgs, who proposed existence of Higgs boson particle, has died at 94, university says

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Peter Higgs, who proposed existence of Higgs boson particle, has died at 94, university says

Peter Higgs | Photo Credit: Scott Heppell/AP Nobel prize-winning physicist Peter Higgs, who proposed the existence of the so-called ”God particle” that helped explain how matter formed after the Big Bang, has died at age 94, the University of Edinburgh said Tuesday. The university, where Higgs was emeritus professor, said he died Monday “peacefully at home…

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Science

Paytm Payments Bank MD and CEO Surinder Chawla quits

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Paytm Payments Bank MD and CEO Surinder Chawla quits

Surinder Chawla. File photo: paytmbank.com Beleaguered Paytm Payments Bank’s managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said on April 9. Mr. Chawla’s resignation comes amidst Paytm Payments Bank facing prohibitory action from banking regulator RBI. Also read: The Paytm Payments Bank debacle | Explained “Surinder Chawla, Managing Director…

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Business

Markets settle lower after hitting record peaks in intra-day; Sensex breaches 75,000-milestone

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Markets settle lower after hitting record peaks in intra-day; Sensex breaches 75,000-milestone

The BSE benchmark jumped 494.28 points or 0.67% to settle at a new closing peak of 74,742.50 on April 8. File. | Photo Credit: Reuters Benchmark equity indices ended marginally lower on April 9 amid profit-taking after the BSE Sensex breached the historic 75,000-mark for the first time ever in early trade and the Nifty…

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Business

Byju’s starts paying March salary to employees; blames miffed investors’ action for delay

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Byju’s starts paying March salary to employees; blames miffed investors’ action for delay

Photo used for representation purpose only. | Photo Credit: Reuters Edtech firm Think and Learn, owner of Byju’s brand, has started paying March salaries to its employees after a delay of nine days and the payout process is expected to complete in next 10 days, according to sources. The company in a communication to employees…

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Business

U.S. FDA issues warning letter to Natco over facility near Hyderabad

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U.S. FDA issues warning letter to Natco over facility near Hyderabad

Natco Pharma had said at the time that it was confident of addressing all the observations within the stipulated time and working with the U.S. FDA to close them at the earliest. | Photo Credit: Reuters The United States Food and Drug Administration (U.S. FDA) has issued a warning letter to Natco Pharma over quality…

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Business

Airlines struggle with lack of planes as summer travel set to hit record levels

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Airlines struggle with lack of planes as summer travel set to hit record levels

Some carriers are trimming their schedules to cope with the lack of available planes.  File | Photo Credit: Reuters The global airline industry is facing a summer squeeze, with travel demand expected to surpass pre-pandemic levels while aircraft deliveries have dropped due to production problems at Boeing and Airbus. Air carriers are spending billions on…

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Business

Gutkha, stones and condoms found in samosas supplied to automobile firm

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Gutkha, stones and condoms found in samosas supplied to automobile firm

Five persons were booked after condoms, gutkha and stones were allegedly found in samosas supplied to a major automobile firm in Pune. Image for representation purposes only. | Photo Credit: Pixabay Five persons were booked after condoms, gutkha and stones were allegedly found in samosas supplied to a major automobile firm in Pimpri Chinchwad in…

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Business

Stock market today: Sensex breaches historic 75,000-mark for first time ever; Nifty climbs to new record peak

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Stock market today: Sensex breaches historic 75,000-mark for first time ever; Nifty climbs to new record peak

 The BSE benchmark jumped 494.28 points or 0.67% to settle at a new closing peak of 74,742.50 on April 8, 2024. File | Photo Credit: Reuters Benchmark equity indices continued their record-breaking rally on April 9, with the BSE Sensex breaching the historic 75,000-mark for the first time ever in early trade and the Nifty…

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Business

March is tenth straight month to be hottest on record, scientists say

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March is tenth straight month to be hottest on record, scientists say

Since last June, the globe has broken heat records each month, with marine heat waves across large areas of the globe’s oceans contributing. File | Photo Credit: AP For the tenth consecutive month, Earth in March set a new monthly record for global heat — with both air temperatures and the world’s oceans hitting an…

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Science