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Breaking News

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

Posted on August 17, 2023 By admin
Rupee falls 2 paise to close at all-time low of 83.10 against U.S. dollar

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

Posted on August 17, 2023 By admin
ISRO’s Chandrayaan-3 moon lander separates from propulsion module

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

Posted on August 17, 2023 By admin
Data | Measuring India’s relative progress in the past 76 years

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

The story of how the deadliest virus to humans was revived

Posted on August 17, 2023 By admin
The story of how the deadliest virus to humans was revived

This is part I of a two-part story on the virus that caused the Great Influenza epidemic. Read part II here. In August 1997, the members of the village council of a small settlement in Alaska, called Brevig Mission, were faced with a peculiar request. A man named Johan Hultin wanted their permission to exhume…

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Science

Rupee rises 9 paise to 82.99 against U.S. dollar

Posted on August 17, 2023 By admin
Rupee rises 9 paise to 82.99 against U.S. dollar

The rupee recovered from its all-time low levels and appreciated by 9 paise to 82.99 against the U.S. dollar in early trade on August 16 as crude oil price retracted from its elevated levels. | Photo Credit: Reuters The rupee recovered from its all-time low levels and appreciated by 9 paise to 82.99 against the…

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Business

Flying fox bats for vigilance while roosting

Posted on August 17, 2023 By admin
Flying fox bats for vigilance while roosting

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

Markets trade lower on weak global trends

Posted on August 17, 2023 By admin
Markets trade lower on weak global trends

Benchmark equity indices began the trade on a muted note on August 17 and fell further in line with weak trend in global markets. | Photo Credit: PTI Benchmark equity indices began the trade on a muted note on August 17 and fell further in line with weak trend in global markets. The 30-share BSE…

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Business

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…

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