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Author: admin

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

Posted on August 16, 2023 By admin
Business Matters | Is India’s ‘Make-at-home’ good industrial policy?

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

Posted on August 16, 2023 By admin
Markets extend gains on fag-end buying; Infosys, L&T shine

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

GQG picks up 8.1% in Adani Power for $1.1 billion

Posted on August 16, 2023 By admin
GQG picks up 8.1% in Adani Power for $1.1 billion

The logo of the Adani group is seen on the facade of one of its buildings on the outskirts of Ahmedabad. File | Photo Credit: REUTERS U.S.-based boutique investment firm GQG Partners has invested $1.1 billion in Adani Power for an 8.1% stake, sources with knowledge of the matter said on Wednesday. GQG Partners bought…

Read More “GQG picks up 8.1% in Adani Power for $1.1 billion” »

Business

NCBS museum hosts bee species from across India to spur research

Posted on August 16, 2023 By admin
NCBS museum hosts bee species from across India to spur research

Bumblebee (Bombus festivus) specimens from high-altitude regions of Arunachal Pradesh in the NCBS museum in Bengaluru. A museum at National Centre for Biological Sciences (NCBS) in Bengaluru has started to put together a collection of bees from across India, particularly biodiversity hotspots such as Western Ghats and North-east India. According to NCBS, whose scientists are…

Read More “NCBS museum hosts bee species from across India to spur research” »

Science

The Science Quiz | Want to be tickled pink out of the blue?

Posted on August 16, 2023 By admin
The Science Quiz | Want to be tickled pink out of the blue?

Colours to dye threads which are used to make colourful threads for embroidering the Namda carpets. | Photo Credit: Nissar Ahmed/The Hindu Q: X is a dye named for a country, associated with the name of a revolt in that country in 1859, and whose colour is popularly associated today with denim jeans. Name X….

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Science

Hyundai signs pact for acquisition, assignment of identified assets related to General Motors India’s Talegaon Plant

Posted on August 16, 2023 By admin
Hyundai signs pact for acquisition, assignment of identified assets related to General Motors India’s Talegaon Plant

Unsoo Kim, MD & CEO, Hyundai Motor India Ltd. File | Photo Credit: Kamal Narang Hyundai Motor India Limited (HMIL) said it has signed an Asset Purchase Agreement (APA) for the acquisition and assignment of identified assets related to General Motors India (GMI)’s Talegaon Plant in Maharashtra. Unsoo Kim, Managing Director and CEO of Hyundai…

Read More “Hyundai signs pact for acquisition, assignment of identified assets related to General Motors India’s Talegaon Plant” »

Business

Petrol, diesel sales fall in August as rains ebb demand

Posted on August 16, 2023 By admin
Petrol, diesel sales fall in August as rains ebb demand

Petrol sales fell 8 per cent to 1.19 million tonnes in the first fortnight of August 2023, when compared with the same period last year. File photo | Photo Credit: Nagara Gopal India’s petrol and diesel consumption fell in the first half of August from the previous month and a year ago, as monsoon rains…

Read More “Petrol, diesel sales fall in August as rains ebb demand” »

Business

H&M probes Myanmar factory abuses as pressure intensifies

Posted on August 16, 2023 By admin
H&M probes Myanmar factory abuses as pressure intensifies

Pedestrians and shoppers walk past a branch of fashion retailer H&M. The brand is investigating cases of labour abuse at its factories in Myanmar | Photo Credit: Reuters H&M is following up on 20 alleged instances of labour abuse at Myanmar garment factories that supply the world’s second-largest fashion retailer, just weeks after top rival…

Read More “H&M probes Myanmar factory abuses as pressure intensifies” »

Business

Sensex, Nifty fall in early trade on weak global trends, foreign fund outflows

Posted on August 16, 2023 By admin
Sensex, Nifty fall in early trade on weak global trends, foreign fund outflows

File. | Photo Credit: VIVEK BENDRE Benchmark equity indices declined in early trade on August 16 amid weak global market trends and continuous foreign fund outflows. The 30-share BSE Sensex fell 369.03 points to 65,032.89. The NSE Nifty declined 117.35 points to 19,317.20. From the Sensex pack, Bajaj Finance, HDFC Bank, IndusInd Bank, Tata Motors,…

Read More “Sensex, Nifty fall in early trade on weak global trends, foreign fund outflows” »

Business

Chandrayaan-3 takes another crucial step closer to moon

Posted on August 16, 2023 By admin
Chandrayaan-3 takes another crucial step closer to moon

ISRO released on August 16 a new image of the moon captured by the Chandrayaan-3 spacecraft. | Photo Credit: special arrangement After being together for 34 days onboard the Chandrayaan-3 spacecraft, the propulsion module and the lander module will part ways on August 17 and embark on their respective journeys. “It’s time for preparations as…

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Science

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