Yen Falls to New 24-Year Low Amid US-Japan Policy Rift
The yen fell to its lowest level since 1998 as a surge in overnight bond yields put more pressure on the yen. The yen fell 0.4% to $139.59 in Tokyo trading on…
US to Roll Out Fund $50 Bn Chips Plan, Shifts Next Spring
The US-Biden administration circulated its strategy for sponsoring US output of semiconductors, with the initial phase of funding being turned out the next spring, Commerce Secretary Gina Raimondo informs. It is likely…
Global Crude Prices Decrease Due to Foeseeing Demand after New Lockdown
On Wednesday, as China implemented a further lockdown to stop the spread of Covid-19, international crude oil prices fell amid concerns that demand would drop. The expectation of an interest rate increase…
PSU Insurers Incur Rs 26,364 Cr Loss for Health Portfolio in Last 5 Years: CAG
According to The Comptroller and Auditor General of India (CAG) report, PSU insurers’ market share in the health insurance business is declining continuously. All four public sector insurance companies incurred losses of…
Record Solar Power Capacity Addition in H1-2022
The solar power segment in the country attained its highest ever half-early capacity addition this year with 8.40 GW to the grid. As per the data, the new capacity addition…
RBI Faces Core Challenge of Keeping Inflation Below 6%
Food has been the most significant determinant of the trajectory of retail inflation in India as it accounts for a sizable share of the consumer price index (CPI). The Reserve…
Russia Temporarily Halts Gas Flow Through Nord Stream 1
Gazprom suspended the flow of natural gas through its main pipeline from Russia to Europe earlier on Wednesday, a temporary move announced in advance. The Russian state-controlled energy giant said earlier this month…
Cabinet Approval To Increase Tur, Urad, Masur Under Two Procurement Ceiling Schemes
On Wednesday, the Prime Minister Narendra Modi-led Cabinet Committee on Economic Affairs authorised hiking the procurement ceiling for tur, urad, and Masur under two programmes.From the stock of pulses purchased…
Moonbirds to Store NFT Art, Raises $50 Million in Series A Funding
As Cointelegraph reported, PROOF, the private community that created the Moonbirds NFT collection, has announced that it will move its blue-chip collection completely “on-chain,” enabling images to be stored entirely…
KP Energy to Develop Wind Energy Projects worth Rs 222 Crore for Aditya Birla Group
KP Energy has an order worth Rs 222 crore for developing wind energy projects for Aditya Birla Group. A BSE filing on Wednesday reported that the total value of the…