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At the interbank foreign exchange, the rupee opened at 87.45 against the greenback and touched the intraday high of 86.61 during the session. File. | Photo Credit: Reuters The rupee on Tuesday (February 11, 2025) rallied 63 paise, recording its steepest single-day recovery in nearly two years, to settle at 86.82 (provisional) against the U.S….
S.N. Subrahmanyan, CMD of L&T, speaks at the CII Mystic South Global Linkage Summit in Chennai on February 11, 2025. | Photo Credit: Akhila Easwaran Mobilisation of labour from villages and towns for infrastructure development in India’s cities is a problem, as labourers do not want to come and work in cities for various reasons, such…
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As many as six U.S. Congressmen have written to the newly appointed Attorney General of the United States against “questionable” decisions made by the U.S. Department of Justice (DoJ) such as the indictment against the Adani Group in an alleged bribery scam, which “jeopardises the relationship with close ally India”. Lance Gooden, Pat Fallon, Mike…
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Adani Power’s Godda plant in Jharkhand. File | Photo Credit: adanipower.com Bangladesh has asked Adani Power to fully resume supplies from its 1,600-megawatt plant in Jharkhand, a Bangladesh official said, after more than three months of reduced sales with supplies halved due to low winter demand and payment disputes. Adani, which signed a 25-year contract…
The rupee gained 61 paise to 86.84 against the U.S. dollar in early trade. File | Photo Credit: Reuters The rupee gained 61 paise to 86.84 against the U.S. dollar in early trade on Tuesday (February 11, 2025), after nearing closer to 88-level on Monday, amid high volatility as heightened trade war fears have created…
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A screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. File | Photo Credit: Reuters Market benchmark indices Sensex and Nifty declined in early trade on Tuesday (February 11, 2025) amid unabated foreign fund outflows and fresh U.S. tariffs that ignited trade war fears. Declining for the…
Read More “Stock markets decline in early trade amid relentless foreign fund outflows” »
ONGC has signed a contract with BP p.l.c which will serve as the Technical Services Provider (TSP) for the Mumbai High field. File | Photo Credit: ONGC Oil and Natural Gas Corporation Ltd (ONGC) has signed a contract with BP p.l.c which will serve as the Technical Services Provider (TSP) for the Mumbai High field,…
Read More “ONGC appoints bp to stabilise production decline at Mumbai High field, boost output” »
The Centre’s proposal to set up an Urban Challenge Fund of ₹1 lakh crore is an interesting idea to push urban infrastructure build-out. Finance Minister Nirmala Sitharaman spelt it out in the Lok Sabha during the Budget session of Parliament, in New Delhi, Saturday, Feb. 1, 2025. | Photo Credit: Sansad TV The Union Budget…
Read More “Budget 2025-26: A promising first step, but miles to go” »
Abhay Karandikar, Secretary, Department of Science & Technology (DST): The Budget provides an overall and possibly unprecedented thrust on research and innovation by setting aside Rs 20,000 crore for DST towards research in the private sector, including corporates and startups. There is a focused attempt to bring together academia, private sector and startups to work…
Read More “What scientists make of R&D allocations in the 2025 Union Budget” »