When the Federal Reserve tightens, the Reserve Bank of India tries to defend its currency once more. Analysts expect it to launch a more limited defense this time, geared at fighting off the worst of speculative attacks rather than drawing a line in the sand when global capital flows are shifting and the Fed is […]
On Tuesday, oil prices fell more than 1%, continuing the previous day’s severe drop, as coronavirus lockdowns in China’s main oil importer, a strong dollar, and mounting recession threats fueled concerns about global demand. After falling as low as $103.19, Brent crude slid $1.31, or 1.2 percent, to $104.63 at 0216 GMT. After touching an […]
On Monday, the price of 10 grammes of 24-carat gold remains unchanged from yesterday’s rate of Rs 51,710, and the price of 1 kg silver remains stable from Sunday, at Rs 62,500 per kg. The price of 10 grammes of 22-carat gold stays steady on Monday at Rs 47,400. The price of 10 grammes of […]
To address India’s ongoing power crisis, the Centre has invoked Section 11 of the Electricity Act, requiring all imported coal-based projects to generate power at full capacity, according to a statement issued by the Ministry of Power on May 5. “All imported coal-based power plants shall operate and generate power to their full capacity. Where […]
On Friday, the coal ministry will host a high-level Investors’ Meeting to encourage private-sector investment. Coal Minister Pralhad Joshi will kick off the event, which will take place in Mumbai. “Joshi will hold a high-level Investors’ Meet in Mumbai on May 6, 2022, focusing on the topics of ‘Launching of closed/discontinued coal mines of Coal […]
India’s product exports increased by 24.2 percent year on year in April to $38.2 billion, the third-highest level ever, because of rising commodity prices despite the ongoing Russia-Ukraine conflict, according to preliminary trade data issued by the commerce ministry on Tuesday. The previous month had seen $42.2 billion in outbound shipments, which was a new […]
Zepto, a rapid commerce startup founded by two 19-year-old Stanford dropouts nine months ago, has raised $200 million in a Series D funding round, valuing the company at about $900 million. Zepto intends to use the funds to expand 10-minute grocery delivery across the country and continue to grow responsibly. Y Combinator Continuity doubled in […]
Former coal secretary Anil Swarup remarked on April 30 that the coal crisis will return unless long-term solutions such as expanding Coal India’s production are found, as electricity shortages continue to plague significant portions of the country. “Coal is on fire again and will keep catching fire if long-term solutions are not found. We missed […]
The Delhi administration warned on Thursday of a possible setback in delivering uninterrupted energy to essential institutions in the capital, including Metro trains and hospitals, amid a worsening coal shortage. Satyendar Jain, the Power Minister, convened an emergency meeting to examine the situation and wrote to the Centre, urging that additional coal be made available […]
According to sources, at least 150 passengers and staff members on board a Thai Airways flight were unharmed after a tyre blew before landing at Bengaluru’s Kempegowda International Airport (KIAL). The problem occurred on Tuesday night, and a technical crew from the airline arrived with a spare wheel on Wednesday evening. According to airport sources, […]
