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This artist’s rendering provided by the government of Dubai shows plans for Al Maktoum International Airport at Dubai World Central in Dubai, United Arab Emirates. | Photo Credit: AP Dubai International Airport, the world’s busiest for international travel, will move its operations to the city-state’s second, sprawling airfield in its southern desert reaches “within the…
Krishna Ella, Chairman, Bharat Biotech. File | Photo Credit: BIJOY GHOSH The Indian Vaccine Manufacturers Association (IVMA) has announced that Krishna Ella, co-founder and executive chairman of Bharat Biotech, will be the association’s new president for two years from April 2024. A press release from Bharat Biotech said Mr. Ella is taking over the presidency…
BSE was the top loser on the Nifty mid-cap 100 index. File | Photo Credit: Reuters Shares of BSE fell as much as 19% on April 29 and are set for its worst day ever after India’s markets regulator asked the exchange operator to pay the regulatory fee on the annual turnover based on the…
Read More “BSE’s shares fall as SEBI seeks change in fee structure” »
Equity benchmark indices Sensex and Nifty rebounded in early deals on April 29 in tandem with a rally in global markets and buying in ICICI Bank and Reliance Industries. | Photo Credit: The Hindu Equity benchmark indices Sensex and Nifty rebounded in early deals on April 29 in tandem with a rally in global markets…
Read More “Markets rebound in early trade amid global rally, buying in ICICI Bank and Reliance” »
Image used for representational purpose. | Photo Credit: Reuters The rupee depreciated 5 paise to 83.43 against the U.S. dollar in early trade on April 29 amid a strong American currency overseas and withdrawal of foreign funds from domestic equity markets. However, positive sentiment in the domestic equity markets and retreating crude oil prices in…
Read More “Rupee declines 5 paise to 83.43 against U.S. dollar in early trade” »
File photo of workers at Vinchur onion market during farmers and traders’ strike against the central government’s decision to impose export duty of 40% on onions till December 31, in Nashik, on August 22, 2023. | Photo Credit: PTI After its move to permit exports of 2,000 tonnes of white onions from Gujarat, amid an…
Read More “After nod for Gujarat onion exports, Centre seeks to soothe Maharashtra farmers” »
A RBI working paper has found that equity markets are affected more by the changes in the market’s expectations of future monetary policy than the policy rate surprise. File | Photo Credit: Reuters Equity markets are impacted more by the expectations of future monetary policy than the policy rate surprises on the day of announcement…
Indian consumer tech brand Boult plans to go public next year, with a revenue benchmark of ₹1,000 crore in FY25, as it expands into international markets and new categories, according to its co-founder Varun Gupta. In an exclusive interview with PTI, Mr. Gupta spoke in detail about his vision to make the Indian company global,…
Read More “Boult IPO likely next year: Co-founder Varun Gupta” »
Tesla Chief Executive Officer Elon Musk is seeking to meet senior Chinese officials in Beijing to discuss the rollout of Full-Self Driving (FSD) software in China. File | Photo Credit: Reuters A private jet linked to Tesla CEO Elon Musk landed in Beijing on April 28, a flight tracking app showed, as two people with…
Read More “Elon Musk’s private jet lands in China for surprise visit” »
With increasing India’s dependence on Chinese industrial goods like telecom, machinery and electronics, Beijing’s share in New Delhi’s imports of such goods rose to 30% from 21% in the last 15 years, a report said. According to the report by the economic think tank Global Trade Research Initiative (GTRI), the growing trade deficit with China…
