Page 101 - Latest News
Govt pushes states, gencos to import coal before monsoon to offset shortage_64123
The power ministry has directed all gencos to ensure adequate stocks at their power plants for smooth operation until October 2022
 "Govt pushes states, gencos to import coal before monsoon to offset shortage_64123")
India plans to use S-400 missile system to defend against Pak, China: US_63882
By June 2022, India intends to deploy the S-400 missile defence system that it has received from Russia to defend itself against threat from Pakistan and China, a Pentagon spy master said
 "India plans to use S-400 missile system to defend against Pak, China: US_63882")
CBI arrests K Chidambaram's close associate in Rs 50 lakh bribery case_63927
The CBI arrested S Bhaskararaman, a close associate of Lok Sabha MP Karti Chidambaram, in connection with a Rs 50 lakh alleged bribery case for clearing visas of 263 Chinese nationals
 "CBI arrests K Chidambaram's close associate in Rs 50 lakh bribery case_63927")
Centre looks to ensure easy credit from banks to cooperatives sugar mills_64217
With cooperative sugar mills complaining of difficulty in accessing loans from banks due to a plethora of conditions, FM Sitharaman held a high-level meeting with senior officials to iron out glitches
 "Centre looks to ensure easy credit from banks to cooperatives sugar mills_64217")
At $20 bn, RBI makes highest-ever dollar sales in spot markets in a month_64208
The central bank has been intervening in all segments of the currency market, which has slowed the pace of rupee depreciation.
 "At $20 bn, RBI makes highest-ever dollar sales in spot markets in a month_64208")
Ruchi Soya acquires Patanjali Ayurved's food business for Rs 690 crore_64038
To pay 1% of turnover of products as annual royalty under transfer agreement
 "Ruchi Soya acquires Patanjali Ayurved's food business for Rs 690 crore_64038")
Coal firms report delay in loading at railway sidings due to shortage_64215
So far in May, 1,205 rakes allotted to the seven companies of CIL have incurred delays. This is close to a third of CIL's total loading.
 "Coal firms report delay in loading at railway sidings due to shortage_64215")
Apple delays plan to have staff in office three days a week from May 23_63816
Apple was set to require employees to work from the office on Mondays, Tuesdays and Thursdays beginning next week -- a policy that had been controversial among some staff.
 "Apple delays plan to have staff in office three days a week from May 23_63816")
EAC-PM's report suggests scheme for urban jobless, universal basic income_64213
According to the report, while growth has taken place in terms of an increase in wages earned, the benefits of that growth have been concentrated and this has marginalised the poor further
 "EAC-PM's report suggests scheme for urban jobless, universal basic income_64213")
Sri Lanka misses ADB payment, Lankan PM Wickremesinghe tells Parliament_64145
Sri Lankan Prime Minister Ranil Wickremesinghe on Wednesday said the country has missed a payment to the Asian Development Bank,
 "Sri Lanka misses ADB payment, Lankan PM Wickremesinghe tells Parliament_64145")
Outward remittances through RBI's LRS hit an all-time high in FY22_64211
In FY22, outflows under the LRS scheme was to the tune of $19.61 billion, up 54.6 per cent from FY21, data released by the RBI showed
 "Outward remittances through RBI's LRS hit an all-time high in FY22_64211")
Twitter board says planning to enforce Elon Musk's merger agreement_63889
The board's statement comes as Musk appears to be maneuvering to ditch or renegotiate his offer
 "Twitter board says planning to enforce Elon Musk's merger agreement_63889")
UK inflation hits 9%, highest since 1982 as food and energy prices soar_63999
Sterling fell after the data and was down by 0.4% against the US dollar.
 "UK inflation hits 9%, highest since 1982 as food and energy prices soar_63999")
EU lays plan to end by 2027 bloc's reliance on Russian oil and gas_64210
The EU got 22 per cent of its gross final energy consumption from renewable sources like wind, solar and biomass in 2020
 "EU lays plan to end by 2027 bloc's reliance on Russian oil and gas_64210")
S&P cuts India's growth forecast for FY23 to 7.3%, sees inflation at 6.3%_64209
The rating agency assumes that the Russia-Ukraine conflict is more likely to drag on and escalate than end earlier, pushing the risks to the downside
 "S&P cuts India's growth forecast for FY23 to 7.3%, sees inflation at 6.3%_64209")
India likely to extend credit line to Sri Lanka for essential medicines_64206
The quantum of the line of credit to be extended is not yet known
 "India likely to extend credit line to Sri Lanka for essential medicines_64206")
BPCL privatisation hits hurdle, as only one bidder remains in fray: Report_64141
Privatisation of BPCL, which was dubbed India's biggest ever, has been stalled with just one bidder left in the fray after two others walked out over issues such as lack of clarity in fuel pricing
 "BPCL privatisation hits hurdle, as only one bidder remains in fray: Report_64141")
Rupee slips to fresh all-time low in 3rd straight session, closes 77.58/$_64205
Dealers said major gains for the dollar were capped as the Reserve Bank of India is believed to have protected the 77.50 levels
 "Rupee slips to fresh all-time low in 3rd straight session, closes 77.58/$_64205")
Won't hesitate to keep hiking rates till inflation tamed: Fed chair_64204
"What we need to see is inflation coming down in a clear and convincing way, and we're going to keep pushing until we see that," Powell said Tuesday during a Wall Street Journal live event
 "Won't hesitate to keep hiking rates till inflation tamed: Fed chair_64204")
Cabinet empowers PSU boards to recommend stake sale, close subsidiaries_64046
At present, PSU boards have the authority to make equity investments, undertake mergers and acquisitions subject to certain ceilings of net-worth
 "Cabinet empowers PSU boards to recommend stake sale, close subsidiaries_64046")
