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Markets trade firm on buying in Reliance, TCS; Sensex climbs 122 points

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Markets trade firm on buying in Reliance, TCS; Sensex climbs 122 points

An employee of a stock trading firm looking at a share price on his computer, in Mumbai. File photo | Photo Credit: VIVEK BENDRE Equity benchmark indices rebounded in early trade on Friday, February 9, 2024, amid buying in Reliance Industries, Tata Consultancy Services and ICICI Bank along with largely firm Asian markets. After a…

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Business

What are the regulations with respect to rice prices? | Explained

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What are the regulations with respect to rice prices? | Explained

A farmer works on rice saplings at a paddy field on the outskirts of Guwahati, India, on January 31. | Photo Credit: AP The story so far: The Indian government recently made it mandatory for all traders, wholesalers, retailers, and millers to declare their respective rice stocks. The government has also announced the launch of…

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With CRISPR poised to revolutionise therapy, a pause to consider ethical issues

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With CRISPR poised to revolutionise therapy, a pause to consider ethical issues

“We will each write a ghost story”, said Lord Byron; and his proposition was acceded to. And so on a cold and rainy supposedly summer night in 1816, four friends inspired by German ghost stories, gathered to write one. Among them, a young Mary Shelley, consumed by the idea of creating a story that would “curdle…

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Science

Parliament panel suggests govt to seek 3 years deferment on EU’s carbon tax for MSMEs

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Parliament panel suggests govt to seek 3 years deferment on EU’s carbon tax for MSMEs

The EU has decided to impose carbon tax — CBAM — from January 1, 2026 on seven carbon-intensive sectors, including steel, cement, and fertiliser. | Photo Credit: PTI India should seek deferment on imposition of carbon tax by the European Union (EU) on engineering sector’s MSMEs by three years as domestic manufacturers may not have…

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Business

White paper on the economy | We rescued the economy from crisis, says government

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White paper on the economy | We rescued the economy from crisis, says government

Finance Minister Nirmala Sitharaman tables white paper in the Lok Sabha on February 8, 2024. Photo: Sansad TV via ANI As promised in her Interim Budget, Finance Minister Nirmala Sitharaman laid a White Paper on the economy in the Lok Sabha on Thursday, outlining that the UPA’s 10 years in office created “an inheritance of…

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Business

Rupee settles on a flat note at 82.96 after RBI monetary policy decision

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Rupee settles on a flat note at 82.96 after RBI monetary policy decision

The rupee settled on a flat note at 82.96 (provisional) against the U.S. dollar. | Photo Credit: PTI The rupee settled on a flat note at 82.96 (provisional) against the U.S. dollar on February 8, after the Reserve Bank of India decided to keep the key policy rate unchanged for the sixth time in a…

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Business

Stock markets tumble 1% after RBI monetary policy decision; bank stocks drag

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Stock markets tumble 1% after RBI monetary policy decision; bank stocks drag

Benchmark stock indices Sensex and Nifty tanked around 1% on Thursday dragged by selling in banking and auto shares due to increased uncertainty about the timing of interest rate cuts after the RBI’s monetary policy decision. Erasing all its early gains, the 30-share BSE Sensex fell by 723.57 points or 1% to settle at 71,428.43….

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Business

RBI says no systemic worries, action on Paytm due to “persisted non-compliance”

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RBI says no systemic worries, action on Paytm due to “persisted non-compliance”

A QR code for the Paytm digital payment system at a road side stall in Mumbai. | Photo Credit: EMMANUAL YOGINI Reserve Bank Governor Shaktikanta Das on Thursday said there are no systemic worries and the action on Paytm was driven by a “lack of compliance” at Paytm. Deputy Governor Swaminathan J. said the actions…

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