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A power generating windmill turbine in Gujarat. File | Photo Credit: Reuters India will have to invest as much as $385 billion to meet its target of 500 gigawatts (GW) of renewable energy by 2030, but coal will remain a key source of electricity generation for the next decade, Moody’s Ratings said on June 6….
The momentum in air passenger traffic witnessed in FY2024 is expected to continue into FY2025, ICRA said. File. Image for representation. | Photo Credit: The Hindu Domestic air passenger traffic grew 5.1% year-on-year to an estimated 138.9 million in May and was significantly higher by around 14 per cent than pre-COVID levels, credit ratings agency…
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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…
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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…
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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,…
Read More “What is Chang’e 6 and what is its role in China’s moon missions? | Explained” »
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…
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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…
Read More “Stock markets extend rally to 2nd day on easing political worries” »
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,…
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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…
Read More “SEBI’s framework to shield stock prices against market rumours: Explained” »
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…
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