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Delhi court grants bail to Supertech chairman R.K. Arora in money laundering case

June 6, 2024 admin

A Delhi court on June 6 granted bail to Supertech chairman and promoter R.K. Arora in a money laundering case. Additional Sessions Judge Devender Kumar Jangala granted relief to Mr. Arora, noting that there was no likelihood of him evading the trial or influencing the investigation. Mr. Arora was arrested in June 2023. As many…

Business

Food price rise likely to have escalated in May

June 6, 2024 admin

Photo used for representation purpose only. | Photo Credit: Sushil Kumar Verma India’s food inflation may have hardened further in May, as the average cost of a home-cooked vegetarian meal in India surged 9% compared with 8% in April to hit a four-month high. Tomato, onion, and potato prices surged around 40%, while the inflation…

Business

What is Chang’e 6 and what is its role in China’s moon missions? | Explained

June 6, 2024 admin

The story so far: In the pre-dawn hours (IST) of June 4, a small spacecraft bearing lunar samples took off from the moon’s far side, headed for an orbit that would bring it in contact with an orbiter waiting for it. There, the spacecraft will ‘hand over’ the samples to a capsule on the returner,…

Science

Rupee falls five paise to 83.49 against U.S. dollar

June 6, 2024 admin

On June 6, the Rupee settled seven paise higher at 83.44 against the dollar. | Photo Credit: The Hindu The Rupee depreciated five paise to settle at 83.49 (provisional) against the U.S. dollar on June 6 due to foreign capital outflows and rising crude oil prices overseas. Forex traders said a weak American currency and…

Business

Stock markets extend rally to 2nd day on easing political worries

June 6, 2024 admin

The Bombay Stock Exchange (BSE) building in Mumbai. | Photo Credit: PTI Benchmark equity indices Sensex and Nifty ended nearly 1% higher on Thursday, continuing their rally for the second straight day as Prime Minister Narendra Modi is poised to form the government for the third consecutive term. Regaining the 75,000 level, the 30-share BSE…

Business

India, S. Korea, US, Japan, EU launch Biopharmaceutical Alliance

June 6, 2024 admin

The countries agreed to coordinate the respective countries’ bio policies, regulations, and research and development support measures. File | Photo Credit: Reuters South Korea, India, the United States, Japan, and the European Union (EU) have come together to launch an alliance to put joint efforts into building a resilient supply chain in the biopharmaceutical sector,…

Business

SEBI’s framework to shield stock prices against market rumours: Explained

June 6, 2024 admin

Image for representational purposes only. | Photo Credit: Reuters The story so far: In order to tackle any impact on the price of a scrip because of a market rumour, the Securities and Exchange Board of India (SEBI) on May 21 introduced a framework centred around its ‘unaffected price.’ The metric would help obtain the…

Business

Rupee rises 1 paisa to 83.43 against U.S. dollar in early trade

June 6, 2024 admin

On Wednesday, the domestic currency settled 7 paise higher at 83.44 against the dollar. File. | Photo Credit: Reuters The rupee inched up 1 paisa to 83.43 against the U.S. dollar in early trade on June 6 on the back of a weak American currency and positive domestic equity markets. Forex traders said an upward…

Business

Markets extend winning momentum to second day running

June 6, 2024 admin

A man watches the display screen as Sensex opens in Mumbai. | Photo Credit: ANI Benchmark equity indices Sensex and Nifty began the trade on a buoyant note on June 6, continuing to rally for the second day running, after leaders of the BJP-led National Democratic Alliance (NDA) unanimously elected Narendra Modi as their leader….

Business

Boeing launches NASA astronauts for the first time after years of delays

June 6, 2024 admin

A United Launch Alliance Atlas V rocket carrying two astronauts aboard Boeing’s Starliner-1 Crew Flight Test (CFT), is launched on a mission to the International Space Station, in Cape Canaveral, Florida, U.S. on June 5, 2024. | Photo Credit: Reuters Boeing launched astronauts for the first time on June 5, belatedly joining SpaceX as a…

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