RBI allows global trade settlement in rupee
The Reserve Bank of India (RBI) on Monday announced arrangements for domestic traders to settle imports and exports in rupee, a move experts said is aimed at facilitating trade with sanctions-hit Russia. read more
Telecom investors worried over Adani’s 5G spectrum auction entry
The news of Adani Group participating in the 5G spectrum auction has worried telecom investors. The group, which had recently ventured into the cement sector, said in a press release on July 9 that if the spectrum is won in the auction, it would be used for private players with enhanced cyber security at airports and seaports and logistics, power generation. To provide network solutions. and manufacturing operations. read more
Fixed deposit rates on the rise, but don’t get carried away
The news has been grim for quite some time: inflation, geopolitical tensions, supply chain disruptions and volatile markets. Amidst all this, there is still reason for some investors to rejoice. Lenders are increasing the interest rates offered on Fixed Deposits (FDs). But, would it be a smart strategy to increase the allocation for FDs, especially when the stocks have failed to deliver better returns? read more
Ammonia, phosphate levels in Yamuna beyond safety limits
A Delhi Jal Board (DJB) official said ammonia, phosphate and total dissolved solids (TDS) levels in the Yamuna have exceeded their safety limits. The water supply in the national capital has been affected due to high levels of these pollutants, inadequate supply of raw water and dry rivers, the official said. read more
Twitter shares tumble after Elon Musk exits $44 billion acquisition deal
Twitter shares saw a sharp drop after Elon Musk announced his decision to terminate a USD 44 billion takeover deal, setting the stage for a legal battle. According to a report by The Hill on Monday citing FactSet data published by The Wall Street Journal, the shares are currently trading at US$33.31, well below Musk’s offer of US$54.20 per share. read more
NASA’s space telescope reveals sharpest infrared view of the universe ever
President Joe Biden has released one of the first images of the James Webb Space Telescope at a preview event at the White House in Washington. “The first image from the Webb Space Telescope represents a historic moment for science and technology. For astronomy and space exploration. And for America and all of humanity,” he said. read more
Why data privacy has become a nightmare for Indian startups
Twitter Inc recently took to court what the Indian government saw as “arbitrary” and “irregular” directions to remove content and block accounts. Last year, Meta Platforms Inc’s WhatsApp launched legal proceedings in New Delhi against India’s new internet rules seeking to trace chats. read more