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Adani Group Market Cap Jumps To 3-Month High, Adds Rs 45,200 Crore On Friday

August 19, 2023 admin

Overall market capitalisation of 10 Adani Group companies shot up to Rs 10.96 lakh crore on Friday Mumbai: Billionaire Gautam Adani’s ports to power conglomerate added over Rs 45,200 crore in market capitalisation in a single day on Friday as shares of all 10 listed group firms surged after global investors showed renewed interest in…

Business

Quantum gates: Devices that translate quantum effects to computing awesomeness

August 19, 2023 admin

Information technology (IT) has become essential to communication, banking, business, health, education, entertainment, and many other walks of our lives. Its prevalence makes us wonder if society can survive without it. IT relies on gadgets that store and process vast amounts of information at humanly impossible speeds. Gate in computing A bit is the smallest…

Science

India’s Growth To Outpace All Other G20 Economies For Next 2 Years: Moody’s

August 18, 2023 admin

All three global rating agencies have the lowest investment grade rating on India. (File) New Delhi: Moody’s Investors Service on Friday affirmed India’s rating at the lowest investment grade of ‘Baa3’, with a stable outlook, saying high growth will support a gradual increase in income levels, but flagged risks of populist policies due to rise…

Business

For Personal Loans, RBI Issues New Norms With 2 Key Changes. See Details

August 18, 2023 admin

Banks and NBFCs have been asked to ensure compliance of the RBI’s personal loan instructions Mumbai: The Reserve Bank on Friday asked banks to provide fixed interest rate option to individual borrowers and directed the lenders to levy only reasonable penalty charges in case of default in EMI payments. The two decisions are expected to…

Business

Moody’s affirms India’s sovereign rating at ‘Baa3’; says GDP growth to support increase in income level

August 18, 2023 admin

Moody’s on August 18 affirmed India’s sovereign rating at ‘Baa3’ with a stable outlook and said high growth will support a gradual increase in income levels, which will further contribute to economic strength. | Photo Credit: Reuters Moody’s on August 18 affirmed India’s sovereign rating at ‘Baa3’ with a stable outlook and said high growth…

Business

Tata Communications Challenges Centre’s Rs 991 Crore Licence Fee Demand

August 18, 2023 admin

Tata Communications challenged DoT’s Rs 991.5 crore licence fee demand New Delhi: Tata Communications has challenged Telecom Department’s Rs 991.5 crore licence fee demand pertaining to past years, in TDSAT, which has directed the DoT not to take any coercive action till the next hearing, the company said in a filing on Friday. The Department…

Business

Chandrayaan-3 Lander slowed down to move it to lower orbit

August 18, 2023 admin

The Lander Module (LM) successfully underwent a deboosting operation that reduced its orbit to 113 km x 157 km. | Photo Credit: Twitter/@isro A day after the lander module (LM) separated from the propulsion module (PM) , it successfully underwent a deboosting operation on August 18. The Indian Space Research Organisation (ISRO) said that the…

Science

Sensex falls below 65,000; IT, metal stocks weigh on weak global trend

August 18, 2023 admin

File photo of stock trader looking at a share price on a screen at a brokerage house. | Photo Credit: Vivek Bendre Equity benchmark index Sensex buckled under selling pressure for the second straight session to close below the 65,000 mark on August 18, as investors offloaded IT, teck and metal energy stocks amid a…

Business

Rupee falls 1 paisa to close at all-time low of 83.10 against U.S. dollar

August 18, 2023 admin

The rupee edged lower by 1 paisa to settle at an all-time low of 83.10 (provisional) against the U.S. dollar | Photo Credit: V. Sudershan The rupee edged lower by 1 paisa to settle at an all-time low of 83.10 (provisional) against the U.S. dollar on Friday, weighed down by a negative trend in domestic…

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ISRO releases two videos of the Moon on August 18

August 18, 2023 admin

A view of the moon captured by the Chandrayaan-3. Twitter/@isro The Indian Space Research Organisation (ISRO) on August 18 released two videos of the moon which was captured by India’s third moon mission Chandrayaan-3. The first video shows the moon captured by the Lander Position Detection Camera (LPDC) on August 15, 2023, and in the…

Science