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At the interbank foreign exchange market, the local unit opened at 83.23 against the greenback. It later touched 83.16 in initial trade, registering a rise of 15 paise from its previous close. | Photo Credit: The Hindu The Rupee appreciated 15 paise to 83.16 against the U.S. dollar in early trade on April 10, tracking…
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India imported about 22.20 MT of coal in FY24. File | Photo Credit: AP Twenty coal mines are likely to become operational by the end of this year, a move that will reduce coal imports and help meet rising power demand. Peak power demand in India is likely to cross 400 GW by 2030. According…
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An employee of a stock trading firm in Mumbai looking at a share price. File photo | Photo Credit: The Hindu Benchmark equity indices rebounded in early trade on Wednesday, April 10, 2024 amid the ongoing optimistic trend in equities and buying in largecap stocks. The 30-share BSE Sensex climbed 273.65 points to 74,957.35 in…
Twelve of the 20 new companies which bought electoral bonds were from Hyderabad. | Photo Credit: Akash Dhage/Unsplash Despite companies in existence for less than three years not being allowed to make political contributions — even through the electoral bonds route — data shows that at least 20 such newly incorporated firms purchased poll bonds…
Representational file image. | Photo Credit: AP The global airline industry is facing a summer squeeze, with travel demand expected to surpass pre-pandemic levels while aircraft deliveries drop sharply due to production problems at Boeing and Airbus. Air carriers are spending billions on repairs to keep flying older, less fuel-efficient jets, and paying a premium…
Photovoltaic solar panels in the Pavagada Solar Park in Kyataganacharulu village, Karnataka. | Photo Credit: Getty Images The story so far: Recent government orders on attempts to increase local sourcing of solar modules to support India’s renewables manufacturing ecosystem has been widely reported in the media as ‘import restrictions’. This follows the Ministry of New…
Read More “The ‘import restrictions’ on solar PV cells | Explained” »
Surinder Chawla. File photo: paytmbank.com Beleaguered Paytm Payments Bank’s managing director and CEO Surinder Chawla has resigned from the company, a regulatory filing said on April 9. Mr. Chawla’s resignation comes amidst Paytm Payments Bank facing prohibitory action from banking regulator RBI. Also read: The Paytm Payments Bank debacle | Explained “Surinder Chawla, Managing Director…
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The BSE benchmark jumped 494.28 points or 0.67% to settle at a new closing peak of 74,742.50 on April 8. File. | Photo Credit: Reuters Benchmark equity indices ended marginally lower on April 9 amid profit-taking after the BSE Sensex breached the historic 75,000-mark for the first time ever in early trade and the Nifty…
Photo used for representation purpose only. | Photo Credit: Reuters Edtech firm Think and Learn, owner of Byju’s brand, has started paying March salaries to its employees after a delay of nine days and the payout process is expected to complete in next 10 days, according to sources. The company in a communication to employees…
Natco Pharma had said at the time that it was confident of addressing all the observations within the stipulated time and working with the U.S. FDA to close them at the earliest. | Photo Credit: Reuters The United States Food and Drug Administration (U.S. FDA) has issued a warning letter to Natco Pharma over quality…
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