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Solar installers from Baker Electric place solar panels on the roof of a residential home in Scripps Ranch, San Diego, California. File | Photo Credit: Reuters Jobs in the U.S. clean energy industry in 2023 grew at more than double the rate of the country’s overall jobs, and unionization in clean energy surpassed for the…
Read More “U.S. clean energy jobs growth rate double that of overall jobs, report says” »
Dragon dominates: Steel trade deficit for April to July widened to ₹11,592 crore, or 30% higher, for FY24. | Photo Credit: Reuters One out of every three steel products imported into India is from China, indicating continued pressure on the domestic market and exports. The steel trade deficit for the April-July period widened to ₹11,592…
Jerome Powell’s Jackson Hole speech has turned Sept. 6 and Sept. 18 into the two most important dates for U.S. monetary policy in years, as events on both days center on the Fed’s new guiding light: the unemployment rate. The first marks the release of the August non-farm payrolls report, and the second will see…
Read More “Unemployment rate is now the U.S. Fed’s undisputed lodestar” »
The Cabinet Committee on Economic Affairs on Wednesday cleared an outlay of ₹28,602 crore to set up 12 industrial parks across 10 States and along six major industrial corridors, in line with an announcement in the Union Budget. The government said these greenfield industrial “smart cities” can attract potential investments of ₹1.5 lakh crore, creating…
Read More “CCEA clears 12 industrial parks across 10 States” »
The CCI did not disclose voluntary modifications in the original deal made by the two parties. | Photo Credit: Reuters Competition Commission of India on Wednesday (August 28, 2024) said it has approved the merger of the media assets of Reliance Industries and Walt Disney Co to create the country’s largest media empire. The deal,…
Read More “CCI clears mega-deal involving merger of media assets of RIL and Walt Disney” »
People walk past the Bombay Stock Exchange (BSE) building, in Mumbai. | Photo Credit: PTI Equity benchmark Nifty rose marginally to hit a fresh lifetime high of 25,052 and Sensex gained over 70 points on Wednesday (August 28, 2024), helped by buying in IT stocks amid a largely positive global market. Recent foreign fund inflows…
A customer holds a hundred rupees Indian currency notes near a roadside currency exchange stall in New Delhi, India, May 24, 2024. | Photo Credit: REUTERS The rupee depreciated 3 paise to close at 83.96 (provisional) against the American currency on Wednesday (August 28, 2024), amidst strong dollar demand from importers, particularly oil companies. Forex…
Read More “Rupee falls 3 paise to close at 83.96 against U.S. dollar” »
Representational file image. | Photo Credit: AFP The Union cabinet on Wednesday (August 28, 2024) approved 12 new industrial cities in 10 States to boost domestic manufacturing with an estimated investment of ₹28,602 crore. The projects will span across 10 States and strategically planned along six major corridors. These industrial areas will be located in…
Individually, SEBI imposed penalties in the range of ₹3 crore to 7 crore on Rana Sugars, its promoters, and other related entities. | Photo Credit: Special arrangement Markets regulator Securities and Exchange Board of India (SEBI) has debarred 14 entities including, Rana Sugars promoters’ and other related entities from the securities markets for two years…
Bharti Airtel at present holds 48.95% stake in Indus Towers. | Photo Credit: Reuters “Bharti Airtel will hold over a 50% stake in Indus Towers after completion of the ongoing ₹2,640-crore share buyback scheme of the telecom infrastructure firm,” a regulatory filing said on Wednesday (August 28, 2024). Telecom infrastructure major Indus Towers commenced the…
Read More “Bharti Airtel to own over 50% stake in Indus Towers after share buyback” »