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Image for representation | Photo Credit: PAUL NORONHA Benchmark equity indices Sensex and Nifty declined on Tuesday due to losses in index major Reliance Industries and HDFC Bank amid sustained foreign fund outflows and mixed global trends. The 30-share BSE Sensex declined by 361.64 points or 0.50% to settle at 72,470.30. During the day, it…
Read More “Sensex, Nifty drop on foreign fund outflows, weak US markets” »
S&P said it forecast rate cuts of up to 75 basis points in India this fiscal. Photo: www.freepik.com S&P Global Ratings on March 26 raised India’s growth forecast for the next financial year to 6.8%, but flagged restrictive interest rates as a dampener for economic growth. The Indian economy is estimated to have clocked a…
Read More “S&P ups India growth forecast to 6.8% for FY’25” »
Forex, equity markets were closed on Monday on account of Holi. File. | Photo Credit: Reuters The rupee recovered from its all-time low level and appreciated 29 paise to 83.32 against the U.S. dollar in early trade on March 26. At the interbank foreign exchange, the domestic currency opened at 83.33 and it gained ground…
Read More “Rupee recovers from all-time low level; rises 29 paise to 83.32” »
Gopalpur port. | Photo Credit: Special Arrangement The Shapoorji Pallonji Group has announced the sale of its brownfield Gopalpur Port to Adani Ports and SEZ Ltd for an enterprise value of ₹3,350 crore. “The under construction Gopalpur Port, located in Odisha, was acquired in 2017, with significant issues hampering its development. Post acquisition, the Shapoorji Pallonji Group commenced…
Read More “Shapoorji Pallonji Group sells Gopalpur Port in Odisha to Adani Ports for ₹3,350 crore” »
A file photo of Boeing CEO Dave Calhoun | Photo Credit: Reuters Boeing CEO Dave Calhoun will step down by year-end, in a broad management shake-up brought on by the planemaker’s sprawling safety crisis stemming from a January mid-air panel blowout on a 737 MAX plane. The planemaker also said that Stan Deal, Boeing Commercial…
Read More “Boeing CEO Dave Calhoun to step down in management shakeup amid safety crisis” »
Women planting paddy seedlings in an agricultural field in Nagaon district of Assam. | Photo Credit: Ritu Raj Konwar On March 11, Bahutva Karnataka, a forum for concerned citizens and organisations, released a report titled ‘Employment, Wages and Inequality’, at the Press Club, Bengaluru. The report analyses the progress in various employment-related indicators in the…
Read More “No major change in employment status or wages in 10 years: Data” »
A file photo of Pakistan’s Minister of Foreign Affairs Ishaq Dar | Photo Credit: AFP Pakistan will “seriously examine” whether to restart trade with India, said its newly appointed Foreign Minister Mohammad Ishaq Dar. Responding to questions during a press meet in London, Mr. Dar said he had been approached last year by Pakistani businesspersons…
Read More “Pakistan to ‘seriously examine’ restarting trade with India: Foreign Minister” »
Vaccine maker Bharat Biotech is conducting the trials in partnership with Spanish biopharmaceutical company Biofabri. File Clinical trials of Spanish tuberculosis (TB) vaccine MTBVAC have begun in India. Vaccine maker Bharat Biotech is conducting the trials in partnership with Spanish biopharmaceutical company Biofabri that is responsible for clinical and industrial development of the vaccine developed…
Read More “Clinical trials of Spanish tuberculosis vaccine MTBVAC begin in India” »
The Directorate General of Civil Aviation had notified the revised rules governing duty hours and rest periods for pilots in January 2024. Photo: dgca.gov.in/ The story so far: The Directorate General of Civil Aviation (DGCA) has rejected a request by airlines to postpone new pilot duty norms, reiterating that the revised schedule will have to…
Read More “Why is the DGCA firm on new rest rules for pilots? | Explained” »
A worker injects a car with fuel at an ADNOC petrol station in Abu Dhabi, United Arab Emirates. File | Photo Credit: REUTERS The government has allowed Abu Dhabi National Oil Company (Adnoc) to export crude oil it has stored in underground strategic storages at Mangalore to give operational flexibility to the foreign firm, an…
Read More “ADNOC Govt. allows UAE’s Adnoc to export oil from Indian strategic storage” »