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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…
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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?” »
File. | Photo Credit: Arunangsu Roy Chowdhury Equity benchmark indices Sensex and Nifty closed higher on August 21 after two days of decline, supported by buying in index majors Infosys, ITC and Bajaj Finance amid a mixed trend in global markets. In a range-bound trade, the 30-share BSE Sensex climbed 267.43 points or 0.41% to…
Read More “Sensex rebounds 267 points on gains in Infosys, ITC” »
An illustration showing the soft-landing of Chandrayaan-3 on the surface of the Moon. The spacecraft is set to land on August 23, 2023 around 6.04 p.m. IST. The Indian Space Research Organisation (ISRO) has been able to successfully establish a two way communication between Chandrayaan-3’s Lander Module and its predecessor Chandrayaan-2’s orbiter. “‘Welcome, buddy!’…
The rupee settled at 83.12 (provisional) on August 21, 2023 against the U.S. dollar, down 2 paise from its previous close. | Photo Credit: Reuters The rupee depreciated by 2 paise and settled for the day at an all-time low of 83.12 (provisional) against the U.S. dollar on Monday (August 21), weighed down by a…
Read More “Rupee falls 2 paise to close at all-time low of 83.12 against U.S. dollar” »
