On Thursday, Prime Minister Narendra Modi will lay the foundation stones for the reconstruction of five Tamil Nadu railway stations: Chennai Egmore, Rameswaram, Madurai, Katpadi, and Kanyakumari. The railway station redevelopment project will cost around Rs 1,800 crore to complete. The project was undertaken to improve the passengers’ convenience and comfort by providing modern amenities. […]
Prime Minister Narendra Modi, Japanese Prime Minister Fumio Kishida, US President Joe Biden, and Australian Prime Minister Anthony Albanese issued a joint statement on May 24 stating that the Quad will seek to extend more than $50 billion in infrastructure assistance and investment to the Indo-Pacific region over the next five years. The leaders are […]
The price of gold jumped by Rs 100 per 10 gramme on Tuesday, with 24-carat gold retailing at Rs 51,430. On Tuesday, the price of silver climbed by Rs 700 per kilogramme, to Rs 62,100 per kg. The price of 10 grammes of 22-carat gold increased by Rs 100 from the previous day’s rate, with […]
Steel company shares were hammered on Monday, plunging up to 14% on the BSE, after the government imposed export tariffs on 11 iron and steel intermediates and essential steel products. On practically all major steel products, the government imposed a 15% export levy (including stainless steel). However, to lower the overall cost of steel production […]
Negotiations on a solution to the current war have been postponed, according to Russian and Ukrainian authorities, because the process has reached an impasse. He also stated that Ukraine has not responded to Russia’s draught pact. “Today the negotiation process was suspended. It was suspended because there are no significant changes or upheavals after the […]
Google is facing a class-action lawsuit in the United Kingdom for allegedly utilizing 1.6 million people’s medical records for its DeepMind artificial intelligence business. According to TechCrunch, DeepMind allegedly transferred data on patients without their knowledge or consent for a smartphone app called ‘Streams’ that it received from the Royal Free NHS Trust in London. […]
According to an official statement, the recent floods in Assam have affected almost 57,000 people across seven districts. Almost 222 villages and 10321 people are impacted by the floods in 15 revenue circles. Flood floods have flooded 44 hectares of farmed land. This natural disaster in Assam claimed the lives of three individuals, including a […]
Floods and severe lockdowns in China have hampered farming to the point where the country’s winter wheat harvest, which begins next month, remains one of the biggest unknowns in a global economy already beset by high commodity prices. According to the New York Times, if the Chinese harvest is poor in the following weeks, food […]
Punjab National Bank (PNB) shares hit a 52-week low of Rs 29.90 on the BSE on Thursday at 09:32 a.m., frozen at the 10% lower circuit, as the state-owned lender’s standalone net profit fell 66 percent year on year (YoY) to Rs 201 crore in the January-March quarter (Q4FY22) after the bank set aside Rs […]
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 […]
