Prices at the highest peak Oil prices have risen 14% to USD 83 per barrel, while coal prices have risen 15% to USD 200 per metric tonne, according to Morgan Stanley analysts. “The rise in energy costs, particularly oil prices, has raised worries about greater inflation, slower growth, and if this may lead to monetaryContinue reading “Analysts says:rising global oil and coal prices pose macro dangers.”
Category Archives: daily updates
TN govt launches a scheme to convert gold jewellery from temples into gold bars for monetisation
Political service Under a scheme launched by Tamil Nadu Chief Minister MK Stalin, gold received in temples as offerings will be converted into 24-carat gold bars. It has been decided that approximately 2,137 kg of gold jewellery will be melted into gold bars at the government mint in Mumbai before being deposited in nationalised banks.Continue reading “TN govt launches a scheme to convert gold jewellery from temples into gold bars for monetisation”
The Adani Group intends to invest $20 billion in renewable energy.
Business(investment) The chairman of Adani Group stated that the $20 billion investment will go toward renewable energy generation, component manufacturing, transmission, and distribution.
Govt debt likely to exceed 90% of GDP this year, says IMF report
Economy (Indian debt valuation) The International Monetary Fund (IMF) forecasts that government debt, including that of the Centre and the states, will reach a record 90.6 percent of GDP in 2021-22, up from 89.6 percent the previous year. It will then fall to 88.8 percent in FY23, but will remain above 85 percent for theContinue reading “Govt debt likely to exceed 90% of GDP this year, says IMF report”
UN, World Bank, IMF need urgent reforms, says FM
Reformation of ethics in International Economic institutions Ms Sitharaman stated that “while reforms in countries are taking place at various stages, these global institutions have remained the way they have been for several decades.”Ms Sitharaman stated that “while reforms in countries are taking place at various stages, these global institutions have remained the way theyContinue reading “UN, World Bank, IMF need urgent reforms, says FM”
Tata motors was the top player today .
Economy(Market Capitalisation) Tata Group Companies’ m-cap surged by ₹70,000 crores today
Infosys’ CEO says the income tax portal is making steady progress, with 1.9 crore returns filed.
Business(Income-tax Analysis) Salil Parekh, CEO of Infosys, said the company is making steady progress in implementing India’s ambitious new income tax portal project, with 1.9 crore returns filed so far, months after it was chastised for technical glitches. “With 1.9 crore returns filed every day, we are making steady progress. Forms 1–7 are fully functionalContinue reading “Infosys’ CEO says the income tax portal is making steady progress, with 1.9 crore returns filed.”
Adani Group takes charge of operations at Thiruvananthapuram International Airport
Airline business The takeover of Thiruvananthapuram International Airport operations comes despite opposition from the state government and the Airports Authority employees’ union, which had filed a lawsuit opposing airport privatisation.From October 14, the Adani Group will take over the operations and management of Thiruvananthapuram International Airport.
Salman Khan launches his NFT collection soon
Entertainment(Digital artwork exchange) Salman Khan launches his NFT collection soon following Amitabh Following in the footsteps of megastar Amitabh Bachchan, Bollywood actor Salman Khan will soon release a collection of NFT (non-fungible tokens) for his fans. Bollycoin, a Bollywood NFT marketplace, has partnered with the actor. “NFTs leke, aa raha hoon main. Salman Khan StaticContinue reading “Salman Khan launches his NFT collection soon”
Coal India scales up; ICRA slashes growth forecast for auto components and more
Expenditure weight on Fuel consumers Global energy prices have continued to rise, putting downward pressure on consumer spending. Oil prices have risen yet again as major producers’ supply restraint during an energy crisis has dealt a blow to major economies. Diesel prices in India rose for the seventh day in a row today. Today, theContinue reading “Coal India scales up; ICRA slashes growth forecast for auto components and more”
Kolkata’s popular puja pandal Burj Khalifa cancels laser show after complains from pilots
Cancelation of festival celebration A replica of Dubai`s iconic Burj Khalifa has been built by a puja pandal in Kolkata, it is a major crowd puller this year. One of the iconic Durga Puja pandal in Kolkata this year made on the world-famous skyscraper Dubai’s Burj Khalifa has suspended its laser show on Monday eveningContinue reading “Kolkata’s popular puja pandal Burj Khalifa cancels laser show after complains from pilots”
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