The Cabinet Committee on Economic Affairs (CCEA) has approved the construction of a 4-lane greenfield access-controlled Mokama–Munger section of the Buxar–Bhagalpur high-speed corridor in Bihar. The project will be taken up on Hybrid Annuity Mode (HAM), covering 82.4 km at a total capital cost of Rs 4,447.38 crore, the Ministry of Road Transport & Highways…
Danish pharmaceutical giant Novo Nordisk on Wednesday announced plans to reduce its global workforce by 11 percent, eliminating 9,000 positions, including 5,000 in Denmark. The move aims to save eight billion kroner ($1.3 billion) as competition intensifies for its anti-obesity treatments Ozempic and Wegovy, as reported by AFP.The company also lowered its earnings forecast for…
Former Prime Minister and noted economist Dr Manmohan Singh has been posthumously conferred the P V Narasimha Rao Memorial Award for Economics in recognition of his pivotal role in shaping India’s economic transformation and nation-building.The award was received on his behalf by his wife, Gursharan Kaur, at a ceremony held in the national capital last…
Equity mutual fund inflows fell 22% to Rs 33,430 crore in August, largely due to a sharp decline in new fund offers (NFOs), data from the Association of Mutual Funds in India (AMFI) showed on Wednesday. Despite the dip, August marked the 54th straight month of net inflows into equity schemes.In July, equity-oriented funds had…
Chief Economic Adviser (CEA) V Anantha Nageswaran (File photo) NEW DELHI: Chief Economic Advisor (CEA) V Anantha Nageswaran on Tuesday clarified that India is not participating in any initiative to create an alternative to the US dollar, confirming that no such plans are under consideration. Speaking at an AIMA event, he highlighted India’s economic resilience…
NEW DELHI: US Ambassador to Nato Matthew Whitaker on Tuesday claimed that Russia’s military operations in Ukraine are being financed through oil sales to countries including India, China and Brazil. Speaking to Fox News, Whitaker urged for additional sanctions and tariffs on these nations to increase economic pressure on Moscow.He said Russia’s economy is showing…
Union Minister Ashwini revealing Cabinet decisions NEW DELHI: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi on Tuesday approved the doubling of the Bhagalpur–Dumka–Rampurhat railway line, covering a distance of 177 km across Bihar, Jharkhand, and West Bengal. The project is estimated to cost approximately Rs 3,169 crore. “The enhanced line…
MCX gold futures for October delivery decreased by Rs 203 (0.19 per cent) to Rs 1,08,830 per 10 grams. (AI image) Gold rate today: After hitting lifetime highs this week, gold prices on Wednesday dropped to below Rs 1.09 lakh per 10 grams in domestic futures trading. Investors took profits amidst weakening international markets, whilst…
The intersection of wildlife and semiconductor manufacturing presents an unusual challenge in Assam.At Tata Electronics’ forthcoming outsourced semiconductor assembly and test (OSAT) facility, elephant movements pose potential operational risks. Their footfalls generate ground vibrations that could affect sensitive equipment, potentially causing measurement errors, pattern distortions and operational disruptions in chip production, particularly given the nanometre-scale…
Major IT companies, including Tata Consultancy Services, Infosys and Wipro, had reduced both campus and lateral recruitment since Covid due to business deceleration. (AI image) Infosys, India’s second largest IT services firm, is gearing up to recruit employees through campus hiring. Infosys has asked its senior staff members to participate in panel interviews at universities…
