Adani opts out of US Colombo funding. Gautam Adani-owned Adani Ports and Special Economic Zone (APSEZ) Limited has decided to withdraw from a $553 million loan agreement with the US International Development Finance Corporation (DFC). The project, part of the West Container Terminal development, is a strategic initiative aimed at enhancing Sri Lanka’s maritime infrastructure. […]
Sanjay Malhotra named next RBI governor. Sanjay Malhotra, a distinguished IAS officer from the 1990 batch of the Rajasthan cadre, has been named as the next Governor of the Reserve Bank of India (RBI). He will succeed Shaktikanta Das, whose tenure concludes on December 10. Malhotra’s appointment comes at a critical juncture for the Indian
RBI Holds Repo Rate, Lowers GDP Forecast The Reserve Bank of India (RBI) decided to leave the policy repo rate unchanged during its latest monetary policy meeting, marking the 11th consecutive instance of maintaining the status quo. However, in a significant move, the central bank revised its GDP growth forecast for the current fiscal year
TotalEnergies halts Adani investments over bribery charges. French oil giant TotalEnergies has decided to halt further investments in the Adani Group, citing concerns over bribery allegations. The decision comes in response to charges filed in the United States that accuse certain individuals within the Adani Group of involvement in a bribery scheme. TotalEnergies, which has
TotalEnergies halts Adani investments over bribery charges. Read More »
Turkey halts oil exports to Israel amid tensions According to Xinhua news agency, while Turkey has officially imposed restrictions on direct trade with Israel, oil shipments from Azerbaijan have still been allowed to pass through Turkish ports on their way to Israel. This has raised questions about the effectiveness of Turkey’s embargo and its true
Turkey halts oil exports to Israel amid tensions Read More »
Hyderabad couple accused of stealing 48 tola gold Dileep Gupta and his wife, a couple employed as domestic help, were recently booked for allegedly stealing 48 tolas of gold from the residence of a prominent doctor in Hyderabad. The doctor, who is well known in the city, resides in the upscale MLA Colony in Banjara
Hyderabad couple accused of stealing 48 tola gold Read More »
Rupee falls 14 paise to 84.23 against dollar. Meanwhile, the dollar index, which measures the greenback’s strength against a basket of six major currencies, was trading 1.64 percent higher at 105.11. This rise in the dollar’s value contributed to the rupee’s decline, as the strengthening of the U.S. dollar often leads to pressure on other
Nvidia overtakes Apple as world’s largest AI company. Nvidia’s stock rose by 2.9 percent to reach $139.93, boosting its market capitalization to an impressive $3.43 trillion. This milestone has positioned the chipmaker as one of the world’s most valuable companies, capturing the growing influence of artificial intelligence on the tech industry. Nvidia now represents approximately
Nvidia overtakes Apple as world’s largest AI company. Read More »
Bibek Debroy, PM’s Economic Council chairman, passes away. Bibek Debroy, the renowned economist, author, and former member of NITI Aayog, has passed away at the age of 69. Known for his insightful contributions to Indian economic policies, he was serving as the chairman of the Prime Minister’s Economic Advisory Council. Throughout his career, Debroy authored
Bibek Debroy, PM’s Economic Council chairman, passes away. Read More »
IT conducts raids on Hyderabad companies for tax evasion. Googee Properties, a real estate firm based in Hyderabad, is owned by Yasmeen Fatima and Shaik Akbar. Authorities have been closely monitoring the company’s investments due to concerns regarding potential financial irregularities and tax evasion. This scrutiny has intensified in light of recent investigations into the
IT conducts raids on Hyderabad companies for tax evasion. Read More »
