The seeds that NASA sent to space in 1984, returned to Earth six years later in 1990 and had to be distributed among students as plant kits. What lies behind this statement is a tale of space motion that many remain unaware of. The mission was to determine whether exposure to the space environment would…
Crude prices climbed as prolonged Iran tensions and disrupted Strait of Hormuz flows heightened concerns over Middle East oil supplies and refined-fuel availability. Oil prices fell over 2% as markets weighed growing hopes of a US-Iran truce against fresh concerns over oil supplies from Saudi Arabia. Talk of a possible US ban on diesel exports…
New Delhi: Most urban travellers opt for hotels, guesthouses or house rentals for their stay for an overnight domestic trip, while dharamshalas remain the top place of stay for those from rural India.A part of the reason may have to do with the fact that over three-fourths of Indians who travelled in the past year…
Forex reserves decline by $15bn MUMBAI: India’s foreign exchange reserves fell by $14.9 billion to $765.9 billion in the week ended Sept 18, according to the RBI’s weekly statistical data. The decline was driven mainly by a fall in foreign currency assets (FCA), the largest component of the reserves. FCA fell by $14.8 billion to…
NEW DELHI: Govt will raise nearly Rs 7.9 lakh crore from securities in the second half of this fiscal year, reducing the total borrowing for the current financial year by Rs 1,20,494 crore despite global headwinds.The reduction in total borrowing indicates govt’s commitment to fiscal prudence.A senior finance ministry official said the reduction is mainly…
BENGALURU: The festive bonus is no longer always one big cheque at the end of a busy month. For workers packing orders, staffing stores or delivering parcels, the extra money can now come through a higher rate on a busy day, an attendance reward after a week, a productivity payout or a bonus for staying…
NEW DELHI: The new model bilateral investment treaty (BIT), which will address concerns of several countries and streamline investment negotiation procedures, while ensuring investor protection is in final stage and is likely to be approved by govt soon. The approval will pave the way for it to be rolled out along with trade agreements, with…
FCNR(B)-deposit boost for re eroded by oil price spike NEW DELHI: RBI on Friday said the Indian economy has performed well despite global headwinds and noted that escalation of West Asia conflict this month has resulted in a sharp increase in oil prices, reigniting fears over a build-up of inflationary pressure and further disruption in…
MUMBAI: Self-listing by stock exchanges is feasible, but the decision remains under the purview of market regulator Sebi, NSE chairperson Srinivas Injeti said Friday. A day after the country’s largest bourse got listed on rival exchange BSE, Injeti pitched for self-listing, saying that things which are not permitted today may be allowed tomorrow amid evolving…
MUMBAI: With the rupee under pressure, the RBI has rolled back an earlier move to give exporters more time to bring in export proceeds from Oct 2026. In Jan, the RBI had allowed exporters 15 months from the date of shipment or invoice to realise and repatriate the proceeds from Oct. The Sept amendment retains…
