Month: February 2022

India records over 8 000 fresh

India records over 8,000 fresh Covid-19 infections, 119 more fatalities

February 28, 2022

The single-day rise in coronavirus infections fell below 10,000 after two months, with 8,013 cases taking India’s total tally to 4,29,24,130, while active cases have declined to 1,02,601, according to Union health ministry data updated on Monday. On December 28 last year, 9,195 people were infected in a day. The death toll has climbed to 5,13,843 with […]

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Bharti Airtel

Bharti Airtel to acquire Vodafone’s 4.7% stake in Indus Towers

February 25, 2022

Telecom operator Bharti Airtel Ltd said on Friday it agreed to buy Vodafone Group Plc’s 4.7% stake in India’s largest cell tower firm Indus Towers Ltd. Britain’s Vodafone said earlier this week it was looking to sell its entire 28.1% stake in Indus Towers. Airtel said it has agreed with Vodafone to buy 4.7% equity interest in Indus Towers on the principal […]

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international market

Gold trading at Rs 50,180 per 10 gm today; silver is at Rs 64,300/kg

February 24, 2022

Ten grams of 24-carat gold is selling at Rs 50,180 on Thursday, down Rs 280 since the last trade as demand dips for the safe-haven bullion. Gold of 22 carats is selling at Rs 46,000, down Rs 250 from Wednesday according to the Goodreturns website. One kg of silver is selling at Rs 64,300, down Rs 100 from […]

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What is Blockchain Technology? What is its Future in India?

February 23, 2022

A blockchain is a system of records information in a way that is nearly impossible to hack or change the system. Blockchain is a database of transactions that is copied and distributed across the entire network of computer systems on the blockchain. Each block collects data or the number of transactions and every time new […]

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The rupee spurted by 22 paise to 74.44 in early trade on Monday on softer crude oil prices and revived hopes

Rupee rises by 22 paise to 74.44 against US dollar in early trade

February 21, 2022

The rupee spurted by 22 paise to 74.44 in early trade on Monday on softer crude oil prices and revived hopes of a diplomatic solution to the Russia-Ukraine crisis. The local currency opened on a strong note at 74.51 to a dollar at the interbank foreign exchange market against the previous close of 74.66 on Friday. The […]

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Sensex Nifty end lower

Sensex, Nifty end lower in see-saw session; HDFC bucks trend

February 17, 2022

Market benchmarks closed in the red after a highly volatile session on Wednesday despite a positive trend in global equities amid signs of cooling of Russia-Ukraine tensions. The 30-share BSE Sensex swung nearly 800 points during the session before closing at 57,996.68 — marking a loss of 145.37 points or 0.25 per cent Likewise, the NSE Nifty see-sawed between […]

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fuel prices

Aviation turbine fuel prices climb to record high after 5.2% hike

February 17, 2022

Jet fuel prices on Wednesday soared to record high levels across the country after rates were increased by 5.2 per cent in line with a rise in international oil prices. This is the fourth hike in jet fuel or Aviation Turbine Fuel (ATF) prices in less than two months following a spike in global oil prices but petrol […]

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Non-power coal users claim supply shortage; government denies it

Non-power coal users claim supply shortage; government denies it

February 16, 2022

India’s aluminium smelters, textile mills, sponge iron and fertiliser-makers say they face a coal shortage as power generators take the bulk of supplies. India’s top miner Coal India Ltd, which accounts for more than 80% of India’s production of the fuel, and the federal coal ministry, deny there is a problem. In a letter to […]

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RBI DG Rabi Sankar asks for complete ban on cryptocurrencies in India

RBI DG Rabi Sankar asks for complete ban on cryptocurrencies in India

February 15, 2022

Days after the Union Budget proposed taxing cryptocurrencies, which gave rise to apprehensions of legitimising them, an Reserve Bank of India (RBI) official has asked for a complete ban on such virtual currencies citing threat to macroeconomic stability. In a speech to bankers on Monday, RBI deputy governor T Rabi Sankar demolished all the arguments for allowing cryptocurrencies in India as […]

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fuel prices

India cuts tax on crude palm oil imports to help consumers, refiners

February 14, 2022

India has cut its tax on crude palm oil (CPO) imports to 5% from 7.5%, the government said in a notification, as the world’s biggest edible oil importer tries to rein in local prices of the commodity and help domestic refiners and consumers. The reduction in the tax, known as the Agriculture Infrastructure and Development […]

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