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Maharashtra Minister Dada Bhuse. File | Photo Credit: Vivek Bendre Amid protests by farmers and traders against the Centre’s decision to impose 40% export duty on onions, Maharashtra Minister Dada Bhuse has claimed it would make no difference if people did not consume the staple vegetable for two to four months. The State PWD minister,…
A view of Foxconn’s Sriperumbudur plant in Kancheepuram district. | Photo Credit: File Photo The story so far: Over the last few months, former RBI governor Raghuram Rajan and the Minister of State for Electronics Rajeev Chandrasekhar have sparred over how well a Central government scheme to boost electronics manufacturing has been faring. What happened?…
Read More “Explained | The debate over India’s smartphone manufacturing dreams” »
A view of the Kempegowda International Airport Bengaluru. File | Photo Credit: G.P. Sampath Kumar Demand for jet fuels is yet to recover to pre-pandemic levels in India and may only do so by the first quarter of 2024, S&P Global Commodity Insights said in a research note on Monday. Although aviation traffic as well…
Read More “Amid air traffic rebound, jet fuel demand yet to catch up” »
Document photograph of ladies packing onion at a godown in Pimpalgaon, Nashik | Photograph Credit score: EMMANUAL YOGINI Buyers in Nashik on August 21 stated they’ve determined to similar onion auctions indefinitely in the entire Agriculture Make Marketplace Committees (APMCs) in Maharashtra’s Nashik district to protest towards the Centre’s determination to impose a 40% responsibility…
The story so far: In a bid to deepen ties in Asia and Africa, the heads of the BRICS nations (Brazil, Russia, India, China, and South Africa) are scheduled to meet in Cape Town, South Africa on August 22-24 this year. The bloc, which is seen as a counter to the G7, is also mulling…
Read More “brics common currency push & expansion plans: where does india stand?” »
File. | Photo Credit: Arunangsu Roy Chowdhury Equity benchmark indices Sensex and Nifty closed higher on August 21 after two days of decline, supported by buying in index majors Infosys, ITC and Bajaj Finance amid a mixed trend in global markets. In a range-bound trade, the 30-share BSE Sensex climbed 267.43 points or 0.41% to…
Read More “Sensex rebounds 267 points on gains in Infosys, ITC” »
The rupee settled at 83.12 (provisional) on August 21, 2023 against the U.S. dollar, down 2 paise from its previous close. | Photo Credit: Reuters The rupee depreciated by 2 paise and settled for the day at an all-time low of 83.12 (provisional) against the U.S. dollar on Monday (August 21), weighed down by a…
Read More “Rupee falls 2 paise to close at all-time low of 83.12 against U.S. dollar” »
BSE said that the scrip will be in the trade-for-trade segment for 10 trading days. Jio Financial Services, the demerged financial services unit of Reliance Industries, had a volatile market debut on Monday. Shares of Jio Financial Services hit the lower circuit after slipping 5 per cent to a low of Rs 248.90 apiece. On…
Read More “Jio Financial Services Hit 5% Lower Circuit On Its Maiden Trading Day” »
Jio Financial Services Ltd (JFSL) demerged from Reliance last month. (File) New Delhi: Shares of Jio Financial Services, the demerged financial services unit of Reliance Industries, listed on the bourses on Monday, with the stock falling nearly 5 per cent on the NSE later in the trade. On the BSE, shares of the company began…
Read More “Jio Financial Services Shares Hit Lower Circuit In Debut Trade” »
Chinese leader Xi Jinping has called for patience in a speech released as the ruling Communist Party tries to reverse a deepening economic slump and said Western countries are “increasingly in trouble” because of their materialism and “spiritual poverty.” File | Photo Credit: AP China’s economy, the world’s second-largest, is now in deep distress and…
Read More “Chinese economy in distress, its model is ‘broken’: report” »
