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Uber has agreed to pay $178 million to settle a lawsuit brought by Australian taxi operators and drivers. File | Photo Credit: Reuters Uber has agreed to pay A$271.8 million ($178 million) to settle a lawsuit brought by Australian taxi operators and drivers, who say they lost income when the ride-hailing company moved into the…
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Representational image of cargo ships at a harbour. Carbon tax on shipping will cut developing countries’ GDP by 0.13% | Photo Credit: Reuters The European Union, Canada, Japan and climate-vulnerable Pacific Island states are among 47 countries rallying support for a charge on the international shipping sector’s greenhouse gas emissions, documents reviewed by Reuters showed….
Read More “Pressure builds for charge on global shipping sector’s CO2 emissions” »
Benchmark equity indices Sensex and Nifty declined in early trade on Tuesday, March 19, 2024, in-tandem with weak Asian markets and fresh foreign fund outflows. Also, investors turned cautious ahead of the US Fed interest rate decision this week. The 30-share BSE Sensex tanked 420.56 points to 72,327.86 after opening on a weak note. The…
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Image for representational purposes only. | Photo Credit: Getty Images The rupee declined 5 paise at 82.95 against the U.S. dollar on March 19 due to firm crude oil prices and foreign fund outflows. At the interbank foreign exchange market, the rupee opened at 82.94 to a dollar, down 4 paise over the previous close…
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Despite the record fund flow into renewables (according to estimates by the Ministry of Power, investment in India’s renewable-energy projects is expected to increase by a record 83% this year to reach ₹1,37,500 crore from ₹74,250 crore in 2023), India still receives World Bank support to accelerate development of its renewables sector. | Photo Credit:…
Read More “Balancing risk perceptions in transition to a responsible renewable-energy system ” »
From the Sensex basket, Tata Steel jumped more than 5%. Mahindra & Mahindra, JSW Steel, Tata Motors, Axis Bank, Sun Pharma, Reliance Industries and Maruti were the other biggest gainers. | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty closed marginally higher in a volatile trade on March 18 as cautious investors preferred to…
Read More “Stock markets settle higher in volatile trade; metal, auto shares shine” »
On March 15, the Rupee had settled at 82.86. “The Rupee declined by four paise to settle at 82.90 (provisional) against the U.S. currency on March 18 on firm crude oil prices. Gains in domestic stock markets and foreign fund inflows capped the Rupee’s losses,” analysts said. The local unit opened firm at 82.84 to…
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Google blocked the email account of the petitioner for “explicit child abuse” after he uploaded on Google Drive a photo of his grandmother bathing him when he was two years old. File | Photo Credit: Reuters Uploading a nude childhood photo on Google Drive cost a man access to his email account for nearly a…
Flipkart valuation declined to $35 billion as of January 31, 2024, from $40 billion in the financial year ended on January 31, 2022. File | Photo Credit: Reuters E-commerce firm Flipkart’s valuation has declined by $5 billion or around ₹41,000 crore as of January 2024 compared to that in January 2022, according to equity transactions…
Read More “Flipkart valuation declines by over ₹41,000 crore in two years” »
From the Sensex basket, Mahindra & Mahindra, Tata Steel, JSW Steel, Axis Bank, Tata Motors and HCL Technologies were the gainers. | Photo Credit: Reuters Benchmark equity indices faced volatile trends in early trade on March 18, surrendering their initial gains to trade lower, following a weak lead from Wall Street and rising crude oil…
Read More “Markets surrender early gains to trade lower; Sensex quotes 118 points lower” »