In a three-room lab in North Bengaluru, a small black box of two feet by two feet simulates the space environment. It’s the play lab for Jubin Jacob, Gimbal Space’s optical engineer, who experiments with a star tracker inside it. Jacob’s in his early 20s and this is his first job out of college. The…
EARLY IN THE Gulf war, as almost a fifth of the world’s oil and gas supplies were choked off and countries all over Asia scrambled to protect their economies, India looked particularly vulnerable. Not only did it rely on imports for most of its crude oil and more than half its gas, but most of…
SBI Funds Management entered the stock market after attracting robust institutional demand. SBI Funds Management stock listing: Years of employee stock ownership at SBI Funds Management is poised to generate multi-crore wealth for several executives as the country’s largest asset management company enters the stock market. Based on the IPO issue price of Rs 574…
Gold price prediction today: Gold prices continue to be under pressure and downside risks remain, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan. Source link
Prime Minister Mark Carney on Tuesday said that US President Donald Trump‘s decision to impose fresh 50% tariffs on select Canadian goods is a “direct violation” of the Canada-United States-Mexico Agreement (CUSMA).He further said that the government would continue to support the country’s workers, businesses and families. His remarks came after Trump’s latest tariffs targeted…
Rupee depreciated 6 paise to 96.42 against the US dollar in early trade on Tuesday pressured by heightened geopolitical tensions, a stronger US dollar and elevated crude oil prices.At the interbank foreign exchange market, the local currency opened at 96.41 and slipped to 96.42, compared with its previous close of 96.36 against the greenback, according…
MUMBAI: RBI has said $20.7 billion has been raised through its concessional swap facility for FCNR(B) deposits, OFCBs and ECBs till July 17, reflecting investor interest after the scheme was announced on June 5 and operationalised from June 8 to boost the balance of payments and attract capital inflows. The collection is almost twice the…
NEW DELHI: IndiGo on Monday placed a record order for over 1,000 engines for its 510 Airbus A320neo family of aircraft. Original equipment manufacturers (OEM) and airlines don’t disclose the deal size as the price is negotiated with the customer, but based on the list price, the cost of the engines is around $14.5 billion….
MUMBAI: RBI deputy governor Swaminathan J has expressed concern that a significant number of customer grievances that are ultimately resolved in favour of the customer by RBI’s integrated ombudsman were never referred to the bank’s internal ombudsman in the first place.Highlighting this as a lapse on the part of bank, Swaminathan said that “This is…
NEW DELHI: : Govt on Monday told Parliament that there was no move at the moment to abolish long-term capital gains tax on equities for retail or domestic investors.“The tax policies, including capital gains tax rates, are revised periodically as part of the annual budgetary process and legislative revisions after taking into consideration the macroeconomic…
