Majoritarianism will be extremely dangerous for the future of India and it should be resisted at every step, noted economist and former RBI governor Raghuram Rajan said on Saturday. Addressing a webinar, Rajan emphasised on the need to make the government more responsive to criticism by removing some of the legislative constraints on criticism. "Our trend towards [...]
Kalpataru Power Transmission (KPTL) on Saturday reported a 39 per cent decline in consolidated net profit to Rs 115 crore in the March quarter compared to the year-ago period. The consolidated net profit of the company was Rs 187 crore in the quarter ended on March 31, 2021, a BSE filing said. Total income [...]
If you had invested £100 (US$122) in the cryptocurrency Luna a month ago, you might have been quietly confident you’d made a sensible bet. But Luna’s value has since fallen drastically – at the time of writing, that £100 is worth around 4p (5¢). Luna was by no means the only victim in a week [...]
Shipping Corporation of India (SCI) on Saturday reported a 77.42 per cent jump in its consolidated net profit to Rs 152.16 crore for the fourth quarter ended March 2022. The state-owned company had clocked a consolidated profit of Rs 85.76 crore in the same quarter of 2020-21, it said in a regulatory filing. Its total [...]
Telecom Minister Ashwini Vaishnaw on Saturday said legal backing for Right of Way (RoW) will be in place by December, and launched the GatiShakti Sanchar portal that will centralise and speed up approvals for laying of fibre and tower installations, as the country gears up for 5G roll-out. The GatiShakti Sanchar portal will facilitate centralised [...]
The government's decision to ban wheat exports will help in crushing attempts by certain foreign players to hoard Indian wheat for price manipulation in global markets, according to sources. With this move, they said, India wants to ensure fair and proper use of its wheat stocks to address global needs, particularly of the most needy [...]
Listed Fans has raised USD 1.6 million (around Rs 12.39 crore) in funding led by Whiteboard Capital and Goodwater Capital. Listed Fans is a platform that allows people with social media followings to 'tokenise' their future potential thereby raising capital for their existing/next projects, in return giving their fans/followers an opportunity to invest in something [...]
India has banned wheat exports with immediate effect as part of measures to control rising domestic prices, according to official notification. However, the export shipments for which irrevocable letters of credit (LoC) have been issued on or before the date of this notification will be allowed, the Directorate General of Foreign Trade (DGFT) said in [...]
Targeting previous Congress governments, Prime Minister Narendra Modi on Friday said the Information Technology revolution could not be encashed earlier as the youth were not given encouragement, and an entire decade was wasted due to scams and policy paralysis. Because of the well thought out strategy of his government, the number of start-ups in India [...]
The CBI has approached the United States under the Mutual Legal Assistance Treaty for collecting metadata and content data of the email id of a "formless Yogi" who is believed to be NSE official Anand Subramanian being probed in the co-location scam case at the bourse, officials here said Friday. The Central agency needs the [...]
