Category: Business

Business

‘Conditions not yet in place for any let-up in restrictive monetary stance’

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‘Conditions not yet in place for any let-up in restrictive monetary stance’

Price stability has to be restored in order to ensure that the rising growth trajectory in the economy is sustained and economic conditions are not yet ripe to ease the restrictive monetary stance, RBI Deputy Governor Michael Debabrata Patra emphasised in his statement at the latest policy review by the Monetary Policy Committee (MPC), the…

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Archer Aviation aims to start electric air taxi trials in India next year

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Archer Aviation aims to start electric air taxi trials in India next year

Midnight, an all-electric aircraft from company Archer Aviation, is seen at the Salinas Municipal Airport in Salinas, California, U.S. August 2, 2023. File | Photo Credit: REUTERS Archer Aviation, backed by Stellantis and Boeing, aims to begin trials of its electric air taxi in India next year, ahead of a planned commercial launch in 2026,…

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Business

Yes Bank co-founder Rana Kapoor gets bail in bank fraud case after four years

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Yes Bank co-founder Rana Kapoor gets bail in bank fraud case after four years

Rana Kapoor, founder of the Yes Bank. File | Photo Credit: AFP A special court in Mumbai granted bail to Yes Bank co-founder Rana Kapoor on Friday. The Enforcement Directorate (ED), Mumbai, arrested Mr. Kapoor on March 7, 2020, for involvement in a ₹ 466.51 crore bank fraud. He was also charged with money laundering…

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Stock markets stage strong rebound after four days of slump; Sensex rallies 599 points

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Stock markets stage strong rebound after four days of slump; Sensex rallies 599 points

From the Sensex basket, Bajaj Finance, Mahindra & Mahindra, HDFC Bank, JSW Steel, Maruti, Wipro, Bharti Airtel, Bajaj Finserv, ICICI Bank and ITC were the major gainers. | Photo Credit: Reuters Stock markets rebounded from early lows to close higher on April 19, snapping the four-day losing streak on heavy value buying in banking and…

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Business

Rupee rises 4 paise to close at 83.48 against U.S. dollar

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Rupee rises 4 paise to close at 83.48 against U.S. dollar

Image used for representation purpose only. | Photo Credit: REUTERS The rupee pared initial losses to finally settle 4 paise higher at 83.48 against the U.S. dollar on Friday, tracking a strong rebound in domestic equities. Forex traders said the domestic currency fell in early trade on risk aversion in global markets amid geopolitical tensions…

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Rupee falls 6 paise to 83.58 against U.S. dollar in early trade

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Rupee falls 6 paise to 83.58 against U.S. dollar in early trade

Image used for representative purpose only. | Photo Credit: Nagara Gopal The rupee depreciated 6 paise to 83.58 against the U.S. dollar in early trade on April 19, weighed down by a negative trend in domestic equities and elevated crude oil prices. Forex traders said the strength of the American currency in the overseas market…

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Business

Markets tank in early trade as Middle East tensions flare-up

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Markets tank in early trade as Middle East tensions flare-up

Equity benchmark indices tanked in early trade on April 19, taking their losing streak to the fifth day running, as escalating tensions in the Middle East weighed heavily on investors’ sentiment. Fresh foreign fund outflows, uptick in Brent crude oil prices and decline in IT stocks also added to the overall weak sentiment in equities….

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Business

Room for optimism: review of Akshay Rathi’s Climate Capitalism

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Room for optimism: review of Akshay Rathi’s Climate Capitalism

Solar panels in the Pavagada Solar Park, Karnataka. | Photo Credit: Getty Images Modern economic growth and rising demand for goods at relatively lower prices have led to inevitable exploitation of nature, and consequent climate change. There is no denying that unfettered capitalism has contributed to over extraction of natural resources and increasing emission of…

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Room for optimism: review of Akshat Rathi’s Climate Capitalism

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Room for optimism: review of Akshat Rathi’s Climate Capitalism

Solar panels in the Pavagada Solar Park, Karnataka. | Photo Credit: Getty Images Modern economic growth and rising demand for goods at relatively lower prices have led to inevitable exploitation of nature, and consequent climate change. There is no denying that unfettered capitalism has contributed to over extraction of natural resources and increasing emission of…

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Business

India’s FY24 pulses imports hit 6-year high as red lentil purchases jump

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India’s FY24 pulses imports hit 6-year high as red lentil purchases jump

Image used for representative purpose only. | Photo Credit: SANDEEP SAXENA India’s pulses imports in fiscal 2024 surged 84% year-on-year to their highest level in six years after lower production prompted India to allow duty-free imports of red lentils and yellow peas, government and industry officials said on Thursday. Higher imports by India, the world’s…

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