Month: August 2025

JSW Steel, Japan’s JFE to invest ₹58 billion to boost electrical steel output

August 4, 2025 admin

JSW JFE Electrical Steel will raise production of the steel at its Nashik plant to 2,50,000 tons per annum from the current 50,000 TPA. | Photo Credit: Reuters A joint venture between JSW Steel and Japan’s JFE Steel will invest ₹58.45 billion to expand production capacity of cold rolled grain-oriented electrical steel across two Indian…

Business

NRL inks pact with BSNL to deploy India’s first 5G captive non-public network

August 4, 2025 admin

Representational file image. | Photo Credit: G.R.N. Somashekar Numaligarh Refinery Ltd (NRL) has signed an agreement with state-owned BSNL to deploy India’s first 5G captive non-public network (CNPN) in its area. Chief Minister Himanta Biswa Sarma said it was a proud moment for Assam. “@BSNLCorporate & @NRL_MoPNG have signed an MoU to set up India’s…

Business

Rupee falls 11 paise to 87.29 against U.S. dollar in early trade

August 4, 2025 admin

On Friday, the rupee closed at 87.18 against the U.S. dollar. File. | Photo Credit: Reuters The rupee depreciated 11 paise to 87.29 against the U.S. dollar in early trade on Monday (August 4, 2025), weighed down by sustained foreign fund outflows and concerns over trade tariffs. Forex traders said the weakness in the dollar…

Business

Pecking order for equity – The Hindu

August 4, 2025 admin

Managing wealth becomes relatively easy if you design a process to choose equity investments. Here, we discuss a pecking order for choosing equity investments based on the argument asset allocation is the most important step in the investment process. Top-down process The pecking order for choosing equity investments considers two factors — the choice of…

Business

Fed rate likely to weigh on gold, silver

August 4, 2025 admin

Practically, there was nothing about precious metals in July. Both gold and silver were stuck in a range and the price action was devoid of any meaningful trend. The strengthening of the U.S. dollar played a key role in keeping the precious metals’ prices in check. The U.S. Federal Reserve’s decision to keep the interest…

Business

U.S. stocks and tax implications in India

August 4, 2025 admin

Investing overseas, especially in the U.S., is not just about opening a broker account, picking a stock, clicking a ‘buy now’ button and enjoying double-digit returns. It requires a thorough understanding of rules and regulations and tax implications of both the countries, open/hidden costs incurred and logistics behind it. It is crucial to understand how…

Business

Another slip up by India in the trade pact with the U.K.

August 3, 2025 admin

The India-United Kingdom Comprehensive Economic and Trade Agreement (CETA) raises several questions regarding India’s commitments in the CETA’s intellectual property chapter (Chapter 13). A problematic article in this chapter is Article 13.6, “Understandings Regarding TRIPS and Public Health Measures”, in particular its first paragraph: “The Parties recognise the preferable and optimal route to promote and…

Business

Seeds of seabuckthorn, Himalayan buckwheat part of experiment on ISS

August 3, 2025 admin

A SpaceX Falcon Nine rocket lifts off from Launch Complex 39A carrying NASA’s Crew-11 mission to the International Space Station, in Cape Canaveral, Florida, U.S., August 1, 2025. | Photo Credit: Reuters Seeds of seabuckthorn and buckwheat grown in the cold desert of Ladakh are part of the experiments on board the International Space Station…

Science

U.S. penalty risk on Russian oil may add $9-11 billion to India’s import bill, analyst say

August 3, 2025 admin

U.S. penalty risk on Russian oil may add -11 billion to India’s import bill, analyst say

India’s annual oil import bill could rise by $9-11 billion if the country is compelled to move away from Russian crude in response to U.S. threats of additional tariffs or penalties on Indian exports, analysts said. India, the world’s third-largest oil consumer and importer, has reaped significant benefits by swiftly substituting market-priced oil with discounted…

Business

Tropical rain destabilises oceans only when it falls lightly: study

August 3, 2025 admin

Researchers have found a ‘cold rain zone’ in the western Pacific and Indian Oceans where rain was associated with more heat loss. | Photo Credit: Hassan Rafhan/Unsplash When it rains over the ocean, does it make the surface water more buoyant? Scientists have long assumed so because rainwater is fresh and freshwater is lighter than…

Science