In a bid to speed up scientific research and enhance institutional autonomy, the Centre has revised financial ceilings under the General Financial Rules (GFRs) for procurement of scientific equipment and consumables, ANI reported on Friday. The Finance Ministry notified that vice-chancellors, directors, and academic institutions under specified departments and ministries will now be allowed to…
NEW DELHI: The economic advisory council to the Prime Minister (EAC-PM) has been reconstituted with noted economist S Mahendra Dev being appointed as the chairperson, replacing Niti Aayog vice chairman Suman Bery.Three full time members – Sanjeev Sanyal, Sanjay Kumar Mishra and Shamika Ravi – have been retained. New part time members who have been…
MUMBAI: RBI said its stance on cryptocurrency remains unchanged, even as a govt panel continues to examine the issue. “There is no new development following the Supreme Court pronouncement on the crypto matter,” RBI governor Sanjay Malhotra said at the post-policy press conference. “RBI has maintained a consistent stance on this issue. A govt committee…
BRESCIA: Govt is hoping to clinch an initial tranche of the proposed bilateral trade deal with the US, govt sources said as a team of American officials landed in the Capital for negotiations. “The two countries are actively engaged in focused discussions to facilitate greater market access, reduce tariff and non-tariff barriers, and enhance supply…
Sebi has corrected its May 28 order on IndusInd Bank to clarify that KPMG was appointed through an ‘engagement note’ signed by CFO and executives Arun Khurana and Sumant Kathpalia, not through a ‘board note’ as earlier stated. The original order suggested that the board was aware of the discrepancies in derivatives valuation. Source link
The rupee appreciated by 11 paise to close at 85.68 against the US dollar on Friday, reversing early losses after the Reserve Bank of India (RBI) delivered a surprise 50 basis point repo rate cut and announced a phased 100 basis point reduction in the cash reserve ratio (CRR).The local unit opened weak at 85.91,…
CHENNAI: Just three years after he was appointed MD of TVS Motor, 36-year-old Sudarshan Venu is all set to take over as chairman of the company. TVS Motor has announced that its board has “unanimously” named Sudarshan Venu as “incoming chairman of the company.” Effective August 2025, Sudarshan Venu will be appointed CMD of TVS…
Tesla shares plunged over 8% on Thursday as tensions between US President Donald Trump and Tesla CEO Elon Musk escalated, leaving investors concerned about the future of Musk’s vast business empire. The sharp decline was triggered instead by a bitter public spat between the two high-profile figures. Musk criticised the president’s recent tax bill, describing…
NEW DELHI: India’s coal-fired electricity generation in May saw its steepest decline in five years, driven by a drop in overall power demand and a surge in renewable energy output, according to a Reuters analysis of government data. This marked the first fall in power demand since August and coincided with record-high generation from clean…
Private equity major TPG on Wednesday pared its stake in Tata Technologies by 2.1 per cent, selling shares worth Rs 638 crore through an open market transaction.According to bulk deal data on the BSE, TPG Rise Climate SF, an affiliate of the U.S.-based investment firm, sold 85.16 lakh shares in Tata Technologies at an average…