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File picture of people standing next to a logo of Jio Financial Services ahead of its listing ceremony at the BSE in Mumbai, on August 21, 2023 | Photo Credit: Reuters Shares in India’s Jio Financial Services (JFS) slid the maximum allowed 5% for a second straight day on Tuesday, which will likely delay their…
Read More “Jio Financial continues slide, likely delaying index removal” »
At present, Exide Energy is setting up a plant of 6,000 gigawatts (GW) production capacity in Devanahalli Industrial Area. The plant is expected to begin operations in 2024. | Photo Credit: Photo for representation only Exide Energy, which is currently setting up a lithium battery cell plant at Devanahalli Industrial Area 2nd phase, near Bengaluru,…
Read More “Exide Energy to double lithium cell production in Karnataka” »
Representational image only. | Photo Credit: Reuters Equity benchmark indices began the trade on an optimistic note on August 22, extending their previous day’s rally amid a firm trend in global markets. The 30-share BSE Sensex climbed 92.83 points to 65,308.92 in early trade. The NSE Nifty gained 35.5 points to 19,429.10. From the Sensex…
Read More “Markets climb in early trade on firm global trends” »
Representational image. | Photo Credit: The Hindu The Rupee recovered from its all-time low levels and appreciated by seven paise to 83.06 against the U.S. dollar in early trade on August 22, as the American currency retreated from its elevated levels. Forex traders said the Rupee is trading in a narrow range as selling pressure…
Read More “Rupee rises seven paise to 83.06 against U.S. dollar in early trade” »
Maharashtra Minister Dada Bhuse. File | Photo Credit: Vivek Bendre Amid protests by farmers and traders against the Centre’s decision to impose 40% export duty on onions, Maharashtra Minister Dada Bhuse has claimed it would make no difference if people did not consume the staple vegetable for two to four months. The State PWD minister,…
File photo of a picture taken from the camera of the lunar landing spacecraft Luna-25 during its flight to the moon shows the mission emblem and the bucket of the lunar manipulator complex. | Photo Credit: Reuters The head of Russia’s space agency said on August 21 that the Luna-25 spacecraft crashed into the moon…
A view of Foxconn’s Sriperumbudur plant in Kancheepuram district. | Photo Credit: File Photo The story so far: Over the last few months, former RBI governor Raghuram Rajan and the Minister of State for Electronics Rajeev Chandrasekhar have sparred over how well a Central government scheme to boost electronics manufacturing has been faring. What happened?…
Read More “Explained | The debate over India’s smartphone manufacturing dreams” »
A view of the Kempegowda International Airport Bengaluru. File | Photo Credit: G.P. Sampath Kumar Demand for jet fuels is yet to recover to pre-pandemic levels in India and may only do so by the first quarter of 2024, S&P Global Commodity Insights said in a research note on Monday. Although aviation traffic as well…
Read More “Amid air traffic rebound, jet fuel demand yet to catch up” »
Document photograph of ladies packing onion at a godown in Pimpalgaon, Nashik | Photograph Credit score: EMMANUAL YOGINI Buyers in Nashik on August 21 stated they’ve determined to similar onion auctions indefinitely in the entire Agriculture Make Marketplace Committees (APMCs) in Maharashtra’s Nashik district to protest towards the Centre’s determination to impose a 40% responsibility…
The story so far: In a bid to deepen ties in Asia and Africa, the heads of the BRICS nations (Brazil, Russia, India, China, and South Africa) are scheduled to meet in Cape Town, South Africa on August 22-24 this year. The bloc, which is seen as a counter to the G7, is also mulling…
Read More “brics common currency push & expansion plans: where does india stand?” »
