Month: January 2022

Oil prices
World

Oil rises, hovers near 7-year highs on supply fears, political risks

Oil rose 1% on Monday, hovering near 7-year highs hit in the previous session, amid concerns over tight supply as well as geopolitical tensions in Eastern Europe and the Middle East. Brent crude rose 92 cents, or 1.0%, to $90.95 a barrel at 0051 GMT, after adding 69 cents on Friday. The front-month contract for […]

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Finance Ministry allows two states to borrow additional Rs 7 309 crore
India

Finance Ministry allows two states to borrow additional Rs 7,309 crore

The finance ministry on January 28 granted additional borrowing permission of Rs 7,309 crore to two states for undertaking stipulated power sector reforms. Rajasthan and Andhra Pradesh have been allowed to borrow additional Rs 5,186 crore and Rs 2,123 crore, respectively. “Department of Expenditure has granted additional borrowing permission of Rs. 7,309 crore to two […]

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Tatas get control of Air India after 7 decades
companies

Tatas get control of Air India, after 7 decades

The Tata Group on Thursday regained ownership of Air India, 69 years after the airline was nationalised. The salt-to-software conglomerate promised to turn the loss-making carrier into a world-class airline. The handover has come as a culmination of the government’s attempt to transfer the ownership of the loss-making airline to a private owner. The airline never made […]

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LIC exits Air India debt at a profit, sells back entire Rs 3,800 cr holding
India

LIC exits Air India debt at a profit, sells back entire Rs 3,800 cr holding

The Life Insurance Corporation of India (LIC) has exited its entire investment in Air India’s (AI’s) debt instruments before the airline is handed over to Tata Group on Thursday, as part of the government’s privatisation programme. According to a banking source, the government-owned insurer sold its holding of Rs 3,800 crore back to the airline after AI […]

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PM Narendra Modi to interact with BJP workers today
India

PM Narendra Modi to interact with BJP workers today

Prime Minister Narendra Modi will interact with BJP workers from across the country via NaMo app today. The interaction comes in the run-up to the assembly polls in five states, including Uttar Pradesh, with the Election Commission not allowing physical rallies by political parties due to the COVID-19 pandemic.”Please do join. Hon Prime Minister Shri […]

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Bitcoin collapse wipes off $1 trn in the blink of an eye
Cryptocurrency

Bitcoin collapse wipes off $1 trn in the blink of an eye

Bitcoin was last hovering around $35K mark, after falling as low as $34,000 With the blink of an eye, more than a trillion dollars in crypto-market value has evaporated. The jarring downturn that’s been a hallmark of digital assets in recent weeks continued to play out this week and into Saturday, with Bitcoin at one point losing […]

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Omicron spread: Vaccinate teens in mission mode, says PM Narendra Modi
Coronavirus News

Omicron spread: Vaccinate teens in mission mode, says PM Narendra Modi

Prime Minister Narendra Modi, chairing a high-level review meeting on Sunday, called for accelerating vaccination in the 15-18 age group in mission mode and ensuring adequate health infrastructure in districts. The review meeting, held to take stock of the country’s Covid preparedness, came on the day India registered around 160,000 cases and the daily positivity […]

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Google hit with 150 million euro French fine for cookie breaches
Business

Google hit with 150 million euro French fine for cookie breaches

France’s data privacy watchdog CNIL said on Thursday it had fined Alphabet’s Google a record 150 million euros ($169 million) for making it difficult for internet users to refuse online trackers known as cookies. Meta Platforms’ Facebook was also fined 60 million euros for the same reason, the CNIL said. “The CNIL has found that the facebook.com, google.fr and youtube.com websites […]

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Rising Covid cases dampen hopes of India box office touching Rs 2,000 crore in Q1
India

Rising Covid cases dampen hopes of India box office touching Rs 2,000 crore in Q1

Just when India’s box office business was seeing a strong recovery, rising cases of Covid-19 and its new variant, Omicron, have slowed the growth momentum. The release of big-budget films has been pushed after some states asked theatres to close and others restricted capacity. These factors are once again putting pressure on the box-office business. According to film producer […]

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IMF delays release of new forecast to January 25 to factor in COVID-19 developments
Economic news

IMF delays release of new forecast to January 25 to factor in COVID-19 developments

The International Monetary Fund has delayed the release of its World Economic Outlook by one week to January 25 to factor in the latest COVID-19 developments, a spokesperson for the global lender said. The World Economic Outlook update will be launched on January 25 to allow our teams to incorporate the latest developments related to […]

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