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Image for representation | Photo Credit: PTI Benchmark equity indices Sensex and Nifty advanced in early trade on Thursday, following a firm trend in global markets along with buying in blue-chip stocks such as HDFC Bank and Infosys. The 30-share BSE Sensex climbed 204.04 points or 0.25% to 81,109.34 in early trade. Rising for the…
Read More “Sensex, Nifty rise on firm global market trends” »
Image used for representative purpose only. | Photo Credit: Prashant Nakwe Telecom regulator Trai on Wednesday (August 22, 2024) recommended the introduction of a new experimental authorisation for spectrum in 95 GHz to 3 THz range. The purpose of ‘Tera Hertz Experimental Authorisation’ or THEA should be to promote Research and Development (R&D), indoor and…
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Image used for representative purpose only. | Photo Credit: Reuters Rupee traded in a narrow range in morning trade on Thursday (August 23, 2024), as the support from positive domestic equities was negated by relentless dollar demand from importers. At the interbank foreign exchange market, the local unit opened at 83.93 and fell to 83.95,…
Read More “Rupee trades in narrow range against U.S. dollar in early trade” »
“Karo to sarkari naukari, nahi to becho tarkari” (You either work for the government, or you sell vegetables), says Ranjeet Kumar (28), an unemployed youth, who, along with two female companions, spend three hours at a community park in Rajendra Nagar in Patna every evening to prepare for government jobs. “Here in the park, there…
Read More “Lack of industries in Bihar push youth to vie for government jobs” »
New medicines are generally under patent protection, preventing Indian companies from producing affordable generics/biosimilars. | Photo Credit: Getty Images/iStockphoto Ensuring the affordability of pharmaceuticals is essential for controlling healthcare costs, especially in India, where out-of-pocket health expenditures accounted for nearly 47.1% of the total health expenditure in 2021. While the Drugs Price Control Order, 2013,…
Union Finance Minister Nirmala Sitharaman. File | Photo Credit: K. Murali Kumar Finance Minister Nirmala Sitharaman on Wednesday (August 21, 2024) asked tax officers to use simpler words in notices or letters they sent to taxpayers and exercise power bestowed upon them judiciously. Addressing the 165th Income Tax Day celebrations, Ms. Sitharaman said that after…
Read More “Use simple words in notices to taxpayers, exercise power judiciously: FM tells taxmen” »
Employment, or the lack of it, has been a major issue of debate among economists and policy makers in India in recent years. Recently, Prime Minister Narendra Modi claimed that India created “eight crore new jobs in the last three to four years”. The Prime Minister was using data from the India-KLEMS database hosted by…
Rajesh Nambiar stepped down from Cognizant as its India Chairman and Managing Director on August 21. He has been appointed as the president-designate of the Nasscom. | Photo Credit: S. Siva Saravanan Cognizant on Wednesday (August 21, 2024) announced the appointment of Rajesh Varrier as Global Head of Operations, effective September 2, 2024. Additionally, he…
Read More “Cognizant appoints Rajesh Varrier as head of global ops, CMD India” »
In a range-bound trade, the 30-share BSE Sensex gained for the second day in a row, rising 102.44 points or 0.13% to close at 80,905.30. | Photo Credit: Reuters Equity benchmark indices Sensex and Nifty closed higher on Wednesday (August 21, 2024), helped by gains in FMCG, consumer durables and health-care stocks amid strong buying…
Read More “Markets extend gains on buying in FMCG, consumer stocks; Sensex rises 100 points” »
Commerce and Industry Minister Piyush Goyal on Wednesday (August 21, 2024) questioned Amazon’s announcement of $1 billion investment in India, saying the U.S. retailer was not doing any great service to the Indian economy but filling up for the losses it had suffered in the country. He said that their huge losses in India “smells…