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The Bombay Stock Exchange (BSE) building in Mumbai. File | Photo Credit: REUTERS Benchmark equity indices Sensex and Nifty tanked over 5 per cent in late morning trade on Tuesday as the initial trend showed BJP winning lesser number of seats than predicted in exit polls. The 30-share BSE Sensex dropped 3,311.87 points or 4.33…
In this photo released by Xinhua News Agency, a replay screen shows Chang’e-6 probe collecting samples on the moon surface, at Beijing Aerospace Control Center (BACC) in Beijing, on June 4, 2024. | Photo Credit: AP China says a spacecraft carrying rock and soil samples from the far side of the moon has lifted off…
Altruism is widespread in nature. Worker honey bees devote their entire life to foraging and caring for their sister, the queen, and her offspring, but do not themselves reproduce. In widow spiders, a male allows a female fertilised by him to eat him, and thus nourish herself and her offspring. A meerkat, a mongoose found…
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Image used for representative purpose only. | Photo Credit: G.R.N. Somashekar The Food Safety and Standards Authority of India (FSSAI) has issued a directive mandating all Food Business Operators (FBOs) to remove any claim of ‘100% fruit juice’ from the labels and advertisements of reconstituted fruit juices with immediate effect. All the FBOs have also…
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Kalyan Jewellers said on June 3 it will acquire the remaining 15% stake in its e-commerce subsidiary Enovate Lifestyles, which operates under the brand Candere, for ₹42 crore. The deal, to be completed in three tranches, will make Candere a wholly owned unit as Kalyan Jewellers shifts focus from pure e-commerce to an omnichannel strategy,…
Read More “Kalyan Jewellers to invest ₹42 crore to complete Candere buyout” »
Lenskart Lens Laboratory (factory) in New Delhi. File | Photo Credit: Kamal Narang Indian eyewear retailer Lenskart has raised $200 million from Singapore state investment firm Temasek and Fidelity Management and Research Company, according to Avendus Capital, the financial advisor of the deal. While Avendus did not mention additional financial details in its statement on…
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State Bank of India (SBI)‘s market capitalisation crossed the ₹8 lakh crore mark on June 3. File | Photo Credit: Reuters The market capitalisation of the State Bank of India (SBI) crossed the ₹8 lakh crore mark on June 3 after the bank’s shares surged to a record high of ₹907. SBI is now the…
ISRO’s Launch Vehicle Mark-III (LVM3) M4 carrying ‘Chandrayaan-3’ lifts off from Satish Dhawan Space Centre, in Sriharikota, on July 14, 2023. According to ISRO, initial aerodynamic design studies for launch vehicles demand evaluation of a large number of configurations. | Photo Credit: File photo The Indian Space Research Organisation (ISRO) has developed Computational Fluid Dynamics…
Read More “ISRO develops PraVaHa software for aerodynamic design and analysis” »
Image used for representative purpose only | Photo Credit: Reuters With majority of exit polls predicting a third term for Narendra Modi in the general elections, a state of exuberance gripped the Indian stock markets on Monday, and the key benchmark indices, the S&P BSE Sensex and NSE Nifty-50, surged over 3.3% to their all-time…
Read More “Sensex, Nifty hit all-time high as exit polls predict massive win for BJP-led NDA” »
IATA Director General Willie Walsh said that the aviation sector has recovered from the Covid-19 pandemic. File | Photo Credit: Reuters The global airline industry is expected to record a profit of $1 trillion for the year 2024 as it marks its recovery from the Covid-19 pandemic, according to the International Association of Air Transport…
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