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Myanmar’s economy in crisis as civil strife disrupts trade and livelihoods

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Myanmar’s economy in crisis as civil strife disrupts trade and livelihoods

People disembark from a ferry at the Pansodan jetty in Yangon, Myanmar on Nov. 12, 2021. Myanmar, once a thriving emerging economy, is struggling to regain momentum as the country’s civil war increasingly disrupts trade and livelihoods. File | Photo Credit: AP Myanmar, once a thriving emerging economy, is struggling to regain momentum as the…

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India is world’s second largest emitter of nitrous oxide

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India is world’s second largest emitter of nitrous oxide

Image for representation. | Photo Credit: Reuters India is the world’s second largest source of nitrous oxide (N2O), a greenhouse gas that heats up the atmosphere far more than carbon dioxide. Nearly 11% of such global man-made emissions in 2020 were from India, topped only by China at 16%. The major source of these emissions…

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Science

Rural inflation still over 5%; food inflation nears 9% in urban India

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Rural inflation still over 5%; food inflation nears 9% in urban India

With prices rising 17.14% in May, pulses have now completed a year of over 10% inflation. File | Photo Credit: The Hindu India’s consumer price inflation eased a tad from 4.83% in April to a one-year low of 4.75% in May, but food price rise remained unchanged at 8.7%, with urban households facing a sharper…

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3 craters discovered on Mars by scientists of Physical Research Laboratory

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3 craters discovered on Mars by scientists of Physical Research Laboratory

The new craters Lal, Mursan, and Hilsa on Mars. | Photo Credit: Special Arrangement The scientists of Ahmedabad-based Physical Research Laboratory (PRL) have discovered three new craters on Mars. They have been discovered in the Tharsis volcanic region (around 21.0 S, 209 W) on Mars. On the recommendation of the PRL, the International Astronomical Union…

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Science

NBCC gets ₹100 crore contract from Oil India to build centralised core repository with lab facilities

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NBCC gets ₹100 crore contract from Oil India to build centralised core repository with lab facilities

State-owned NBCC (India) Limited has bagged a ₹100 crore contract from Oil India to construct a centralised core repository with advanced laboratory facilities, in Guwahati in Assam. In a statement on June 12, NBCC said it has inked a Memorandum of Understanding (MoU) with Oil India for the construction of a centralised core repository with…

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Business

Nifty hits fresh all-time high; Sensex climbs 150 points

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Nifty hits fresh all-time high; Sensex climbs 150 points

Benchmark equity indices ended higher on Wednesday, with the Nifty hitting its fresh record closing level, mainly due to buying in power, capital goods and industrial stocks amid a largely positive trend in global equities. Besides, a heavy rush on select index-heavyweight counters like HDFC Bank and Reliance Industries boosted investors’ sentiment, traders said. In…

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Business

Rupee rises 3 paise to close at 83.56 against U.S. dollar

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Rupee rises 3 paise to close at 83.56 against U.S. dollar

At the interbank foreign exchange market, the local unit opened at 83.56.  | Photo Credit: REUTERS Rupee appreciated 3 paise to close at 83.56 (provisional) against the U.S. dollar on Wednesday, on positive domestic market, wherein benchmark sensitive index Nifty touched a fresh all-time high. Forex traders said rupee is trading in a narrow range…

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U.S. Federal Reserve likely to scale back plans for rate cuts because of persistent inflation

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U.S. Federal Reserve likely to scale back plans for rate cuts because of persistent inflation

Representational image of the seal of the Board of Governors of the United States Federal Reserve System | Photo Credit: AP United States Federal Reserve officials will likely make official what’s been clear for many weeks: With inflation sticking at a level above their 2% target, they are downgrading their outlook for interest rate cuts….

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Business

ACT Fibernet adds cities in A.P., NCR, as home broadband growth outpaces telecom

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ACT Fibernet adds cities in A.P., NCR, as home broadband growth outpaces telecom

ACT Fibernet is now available in 30 cities and towns. Photo: X/@ACTFibernet Home internet provider ACT Fibernet announced on June 12 that it was expanding service to more towns and neighbouring districts of existing markets. In Andhra Pradesh, the Class-A internet service provider (ISP) said it has launched services in Machilipatnam (expanding from existing market Guntur),…

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India ranks 129 on Global Gender Gap index; Iceland on top: WEF

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India ranks 129 on Global Gender Gap index; Iceland on top: WEF

The World Economic Forum said India’s economic parity score has trended upwards for the past four years. | Photo Credit: AFP India has slipped two places on the World Economic Forum’s (WEF) Global Gender Gap index to 129th place, while Iceland retained its top position in the rankings published on June 12. Within South Asia,…

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