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Markets snap 2-day winning run; Sensex slumps nearly 390 points on weak global cues

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The bull statue at Bombay Stock Exchange (BSE) building, in Mumbai. File | Photo Credit: PTI Snapping their two-day winning run, equity benchmarks Sensex and Nifty closed in the negative territory on Thursday, tracking losses in index majors Reliance Industries, ITC, and HDFC bank amid a weak trend in global markets. The 30-share BSE Sensex…

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Business

Rupee falls 2 paise to close at all-time low of 83.10 against U.S. dollar

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The rupee pared its initial gains and settled for the day lower by 2 paise at an all-time low of 83.10 (provisional) against the U.S. dollar on Thursday, weighed down by a strong greenback overseas and a negative trend in domestic equities. Forex traders said rupee is likely to trade with a negative bias on…

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Business

ISRO’s Chandrayaan-3 moon lander separates from propulsion module

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After the separation of the two modules, a series of complex braking manoeuvres will be executed to facilitate a soft landing in the south polar region of the moon. The lander is expected to touch down on the moon surface at 5.47 p.m. on August 23, 2023. After 34 days on board the Chandrayaan-3 spacecraft,…

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Science

Data | Measuring India’s relative progress in the past 76 years

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India observed its 77th Independence Day this year. This analysis measures India’s relative performance in the past 76 years compared to other countries across four parameters — GDP per capita, Human Development Index (HDI), Infant Mortality Rate (IMR) and women’s participation in Parliament. Owing to technological advancement and infrastructural development, India and other countries have…

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Business

Flying fox bats for vigilance while roosting

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Flying fox and one of its colonies in southern Assam’s Barak Valley. | Photo Credit: SPECIAL ARRANGEMENT India’s largest species of bats, named after a canine fabled to be sly, spend 7% of their day-roosting time being environmentally vigilant, a new study has said. The nectar and fruit-eating flying fox (Pteropus giganteus) is generally considered…

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Science

Business Matters | Is India’s ‘Make-at-home’ good industrial policy?

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Watch | Is India’s ‘Make-at-home’ good industrial policy? The government of India introduced restrictions on the import of laptops and tablets. The restriction is that only on prior grant of licence can any import take place. This was with immediate effect. With some intense pushback from the industry, the effective date has been deferred to…

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Business

Markets extend gains on fag-end buying; Infosys, L&T shine

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Benchmark equity indices Sensex and Nifty pared early losses to close higher for a second straight session on Wednesday, supported by fag-end buying in index majors Infosys, L&T and M&M amid a mixed trend in global markets. In a volatile trade, the 30-share BSE Sensex climbed 137.50 points or 0.21% to settle at 65,539.42. During…

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Business