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Representational view of the Colombo main port | Photo Credit: Reuters Billionaire Gautam Adani-led conglomerate on Tuesday (December 11, 2024) said it will use its own resources to fund a Sri Lankan port project and not seek U.S. funding. In an exchange filing late on Tuesday, Adani Ports and SEZ Ltd said the project “is…
Read More “Adani Ports opts out of U.S. funding for Colombo project” »
A vehicle drives past solar panels installed at the Adani Green Renewable Energy Plant in Khavda, Gujarat on October 15. | Photo Credit: AFP The story so far: On November 5, the World Solar Report 2024 by the International Solar Alliance (ISA) was released. From 1.22 GW in 2000, the world’s solar capacity has surged…
Read More “What is the extent of the global share of solar energy? | Explained” »
For representative purposes. | Photo Credit: iStockphoto Producer bias refers to the bias that economic policymakers have to frame policies that are in favour of the interests of producers rather than in the general interest of consumers. Producer bias adversely affects economic growth of a country as policies that are favourable towards producers adversely affect…
Image for representational purposes only | Photo Credit: Special arrangement The Centre has announced that it will bear the additional cost of ₹425.62 crore in FY 2024-25 on account of inflation in food material cost under the centrally sponsored PM POSHAN Scheme. Under the scheme, one hot cooked meal is served to 11.70 crore students…
The 30-share BSE Sensex rises 1.59 points to close flat at 81,510.05. During the day, it climbed 217.88 points or 0.27% to hit an intraday high of 81,726.34. | Photo Credit: PTI GRAPHICS Equity benchmark indices Sensex and Nifty closed on a flat note on Tuesday (December 10, 2024) amid a lacklustre trade, as investors…
Read More “Stock market news: Sensex, Nifty end on flat note amid volatile trade” »
Manohar Lal Khattar. File | Photo Credit: PTI Union Minister Manohar Lal Khattar on Tuesday (December 10, 2024) said there has been a substantial increase in investments in the urban sector since 2014 and emphasised the Centre’s dedication to realising the vision of ‘Viksit Bharat’ by 2047. Addressing a press conference on achievements of his…
Read More “Manohar Lal Khattar says sixteen-fold rise in urban sector investments since 2014” »
The Reserve Bank has approved the open offer of Burman family — the promoters of FMCG major Dabur — to acquire an additional 26% stake in NBFC firm Religare Enterprises Ltd (REL). The central bank also directed maintaining of the current board/management structure of REL. The Reserve Bank of India (RBI) said it has granted…
Read More “RBI approves Burman family entities’ open offer to acquire 26% additional stake in REL” »
Image for representative purposes only | Photo Credit: The Hindu The rupee settled for the day on a flat note higher by just 1 paisa at 84.85 (provisional) against the U.S. dollar on Tuesday (December 10, 2024), a tad above its all-time low level, as change of guard at the Reserve Bank of India raised…
Read More “Rupee settles on a flat note near all-time low at 84.85 against U.S. dollar” »
Bharat Forge Ltd said it has raised ₹1,650 crore via Qualified Institutional Placement (QIP). “The issue witnessed significant interest across Domestic & Foreign Qualified Institutional investors resulting in more than 10 times the demand of the issue size,” the company said. “The issue of the QIP was done at ₹1,320 per share while the floor…
A bankruptcy Judge scrutinising The Onion’s bid for Alex Jones ’ Infowars platform was expected to hear a second day of testimony on Tuesday (December 10, 2024) after an auctioneer defended the satirical news outlet’s winning offer in November 2024. It is not clear how quickly U.S. Bankruptcy Judge Christopher Lopez in Houston will decide…
Read More “The Onion’s bid for Infowars is still in Court as Judge reviews auction” »