Category: Breaking News

India’s first individual Olympic gold medallist Neeraj Chopra gave his golden had to all Indians for winning the gold medal in athletics at the Tokyo 2020 Olympic Games saturday.A nation of a billion-plus was awaiting a historic medal with bated breath, knowing it is well within the country’s reach — an unprecedented feeling when it comes to track and field events at the Tokyo Games.   Neeraj Chopra won the men’s javelin with best throw of 87.58 meters, claiming a historic first Olympic gold in athletics for India. His biggest rival, Johannes Vetter, was…

There is a rise in the reserves that was on the back of an increase in foreign currency assets (FCAs), a major component of the overall reserves, the Reserve Bank of India‘s data shows. FCA has increased by $8.596 billion to $576.224 billion in the reporting week.   Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Accordingly, Gold reserves were up by $760 million to $37.644 billion in…

It is true that, how better you form the law. As a global technology giant, Amazon has better exposure then Reliance and Future. There was a legal battle between Amazon and Future Retail dates back to August 2020.   Amazon has won the legal battle against Future Retail, meaning that the retail giant’s sell-off worth ₹24,000 crore to Reliance Retail is now off the table.   The Supreme Court of India on Friday, August 6, upheld the emergency award given to Amazon by the Singapore International Arbitration Centre (SIAC) last year. Honorable Supreme Court said that arbitration…

Area of approximately 35,346 sq. km. on offer to the investors The advent of the Hydrocarbon Exploration and Licensing Policy (HELP) promulgatedin March 2016, brought about paradigm changes in the way exploratory blocks are auctioned in India. It led to transition from production sharing regime to revenue sharing regime. The Open Acreage Licensing Programme (OALP) offered the potential investors freedom to carve out blocks of their choice through submission of Expression of Interest (EoI). The EoI window is open round the year and the investors need to wait for periodic…

The Union Minister of Coal, Mines and Parliamentary Affairs, Shri Pralhad Joshi, held discussions with a high-level delegation led by former Prime Minister and Special Trade Envoy of Australia Mr. Tony Abbott here yesterday.  The delegation had called on the Minister to discuss about expanding trade and economic relationship between India and Australia especially regarding broader developments in the energy sector, including the use of Australian resources to support India’s energy needs and ambitious policy agenda. Mr Abbott was accompanied by Mr Barry O’Farrell AO, Australian High Commissioner and Mr…

The Pensilungpa Glacier (PG), located in Zanskar, Ladakh, is retreating, and a recent study has attributed the retreat to an increase in the temperature and decrease in precipitation during winters. Since 2015, the Wadia Institute of Himalayan Geology (WIHG), Dehradun, an autonomous institute under the Department of Science & Technology, GoI, has been working on various aspects on glaciology, i.e., glacier health (mass balance) monitoring, dynamics; discharge, past climatic conditions, speculation for future climate change and its impact on glaciers in this region. A team of scientists from the institute…

The government is preparing a long-term relief package for the telecom sector as a couple of telcos are facing financial stress. The Supreme Court’s recent verdict on the case related to adjusted gross revenues (AGR) dues has made matters difficult for two major telecom firms – Vodafone Idea and Bharti Airtel. The relief package is likely to be made public by the end of this month after getting approval from the finance ministry, but has no plans of responding to Aditya Birla Group chairman Kumar Mangalam Birla’s offer of handing over the group’ stake in Vodafone…

In its efforts towards further accelerating ‘Digital Telangana’, Government of Telangana commemorated 3000+ public Wi-Fi hotspots in Hyderabad as part of the Hy-Fi project in collaboration with ACT Fibernet. Launched in the presence of K. T. Rama Rao, Minister for Municipal Administration & Urban Development, Industries, and IT & Commerce, Govt. of Telangana, Jayesh Rajan, Principal Secretary of the Industries & Commerce (I&C) and Information Technology (IT) Departments of the Telangana government, Bala Malladi, Chief Executive Officer, Atria Convergence Technologies Ltd and other dignitaries, and officials.   With this launch, Hyderabad becomes…

Subhash Chandra, the founder of Essel group, has settled 91.2 per cent of his debt with 43 lenders, and the remaining dues are in the process of being paid.   Chandra in an open letter said, “I am happy to report that we have come out of the financial stress situation by settling 91.2% of our total debt to 43 lenders in 110 accounts. About 88.3% of the amount has been paid, while the remaining 2.9% is in the process of being paid. We are making all the required efforts to…