Month: June 2024

Possible Modi third term said to likely see focus on economic reforms

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Possible Modi third term said to likely see focus on economic reforms

Prime Minister Narendra Modi plans a raft of business-friendly measures if he wins a third term this week, including pushing through regulations making it easier to hire and fire workers, according to two government officials familiar with the matter. As part of an election pledge to transform India into a global manufacturing hub, Mr. Modi…

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Business

Indian power plants keep up with the demand despite heatwave

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Indian power plants keep up with the demand despite heatwave

The grid met a record peak load of 250 million kilowatts on May 30, which shattered the previous record of 240 million kilowatts set in September 2023.  File | Photo Credit: BHAGYA PRAKASH K India’s electricity grid has remained stable despite a record-shattering heatwave in May, demonstrating a high degree of technical skill and avoiding…

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Business

Rupee surges 38 paise to 83.04 against U.S. dollar in early trade

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Rupee surges 38 paise to 83.04 against U.S. dollar in early trade

Image used for representational purpose only. | Photo Credit: Reuters The rupee surged 38 paise to hit its three-month high level of 83.04 against the U.S. dollar in early trade on June 2 boosted by a robust sentiment in domestic equity markets on the back of strong macroeconomic data and exit poll results showing a…

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Business

Heatwave and poll effects drag factory output, new orders to 3-month low in May

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Heatwave and poll effects drag factory output, new orders to 3-month low in May

Image used for representational purpose. | Photo Credit: Reuters India’s factory activity levels dropped to a three-month low in May, with output levels easing due to the heat wave that led a reduction in working hours amid intensive heat and a rise in production costs that flared up to a level only experienced once over…

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Business

Stock Market today: Sensex, Nifty hit record high levels as exit polls predict massive win for BJP-led NDA

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Stock Market today: Sensex, Nifty hit record high levels as exit polls predict massive win for BJP-led NDA

All the 30 Sensex companies were trading in the green. Power Grid, NTPC, State Bank of India, Larsen & Toubro, Mahindra & Mahindra, IndusInd Bank and Axis Bank were the biggest gainers from the Sensex pack. | Photo Credit: Reuters Investors’ wealth jumped ₹12.48 lakh crore in morning trade on June 3 as the benchmark…

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Business

Tonga volcano could cause unusual weather for rest of decade: study

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Tonga volcano could cause unusual weather for rest of decade: study

Hunga Tonga-Hunga Ha’apai (Hunga Tonga for short) erupted on January 15, 2022, in the Pacific Kingdom of Tonga. It created a tsunami which triggered warnings across the entire Pacific basin, and sent sound waves around the globe multiple times. A new study published in the Journal of Climate explores the climate impacts of this eruption….

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Science

Does inequality lead to growth? | Explained

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Does inequality lead to growth? | Explained

For representative purposes. | Photo Credit: iStockphoto Rahul Gandhi’s statements regarding redistribution — and the polarising rebuttal of Prime Minister Narendra Modi — have brought the topic of inequality to the forefront. Researchers from the Paris School of Economics have shown inequality in modern India to be greater than colonial times. Several argue that inequality…

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Business

On Camera, Two Planes Collide At Portugal Beja Air Show, Pilot Dead: Report

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On Camera, Two Planes Collide At Portugal Beja Air Show, Pilot Dead: Report

The incident took place at the Beja Air Show Lisbon: Two small planes collided midair Sunday during an air show performance in southern Portugal, the air force said, with media reporting that one of the pilots was killed. “The air force regrets to announce that at 4:05 pm (1505 GMT), at the Beja Air Show,…

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World

Man Sets Wife, Son On Fire In Kerala, Dies By Suicide Later: Police

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Man Sets Wife, Son On Fire In Kerala, Dies By Suicide Later: Police

Police suspect the man died by suicide the crime due to some family dispute (Representational) Varkala (Kerala): A man set his wife and son on fire before immolating himself over an alleged family dispute here, police said. The man hailing from nearby Chemmaruthi succumbed to burns on Sunday. His wife and son were admitted to…

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Nation

Governor Versus Trinamool On Poll-Related Violence In Sandeshkhali

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Governor Versus Trinamool On Poll-Related Violence In Sandeshkhali

Bengal Governor CV Ananda Bose said the violence in Sandeshkhali was “manifestation of frustration”. Kolkata: Bengal Governor CV Ananda Bose has demanded a report from the ruling Trinamool Congress on the violence in Sandeshkhali on poll day. But he was met with a rebuff. Senior party leader Shashi Panja said the Governor should “first explain…

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Nation