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Major shipping lines are avoiding the Suez Canal and are rerouting vessels around the Cape of Good Hope, which has increased time and costs for exporters. File | Photo Credit: KK Mustafah Sustained disruptions in the Red Sea route is likely to raise the freight and forwarding (F&F) cost by 25-30% for corporates largely dealing…
The Lunar Resources Registry, a private business that locates valuable resources on the moon and helps investors conduct the required exploration and extraction operations, notes: “The space race is evolving into space industrialization.” Image for Representation. | Photo Credit: Reuters Humans have always looked at the sky, using the stars as navigation guides or for spiritual…
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On February 8, the Rupee settled on a flat note at 82.96 against the U.S. dollar, after the Reserve Bank of India decided to keep the key policy rate unchanged. | Photo Credit: The Hindu The Rupee depreciated by seven paise to 83.03 (provisional) against the U.S. dollar on February 9, tracking a strong American…
Read More “Rupee falls seven paise to close at 83.03 against U.S. dollar” »
Image used for representative purpose only. | Photo Credit: PTI Benchmark Sensex rebounded by 167 points in a volatile trade on Friday amid buying in ICICI Bank, State Bank of India and Reliance Industries. The 30-share BSE Sensex climbed 167.06 points or 0.23% to settle at 71,595.49. During the day, it hit a high of…
Read More “Stock markets settle in positive territory on buying in bank shares, Reliance” »
The National Aeronautics and Space Administration has released this reproduction of the emblem for the first Skylab mission. The Skylab is a 100-ton experimental space station including a laboratory for medical, scientific and technological experiments. The emblem, by artist Kelly Freas, shows the Skylab silhouetted against the earth’s globe, which in turn is eclipsing the…
Scientists have unveiled new details of a colossal black hole 53 million lightyears away first photographed by the earth-wide Event Horizon Telescope (EHT) in 2017. The feat provided the first visual evidence that black holes exist, confirming a fundamental prediction of general relativity. In a new paper published on January 18, EHT scientists have reported…
Read More “Earth-wide telescope confirms black hole shadow is ‘real’” »
The rupee depreciated 5 paise to 83.01 against the US dollar in early trade on Friday, February 9, 2024, tracking a strong American currency and elevated crude oil prices in the international market. Forex traders said a negative trend in domestic equities and foreign fund inflows weighed on investor sentiments. At the interbank foreign exchange,…
Read More “Rupee falls 5 paise against US dollar in early trade” »
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…
Read More “Markets trade firm on buying in Reliance, TCS; Sensex climbs 122 points” »
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…
Read More “What are the regulations with respect to rice prices? | Explained” »
The story so far: In a major blow to fintech services provider Paytm, the Reserve Bank of India (RBI) barred its payments bank subsidiary, Paytm Payments Bank Ltd (PPBL) from obtaining further deposits and top-ups in its accounts or wallets from February 29. PPBL was barred from on-boarding news customers back in March 2022. The…
