ECONOMY & NATION


Pollution was responsible for nine million deaths in 2019 - equivalent to one in six deaths worldwide - and India leads with nearly 2.4 million deaths, according to a study published on Wednesday in The Lancet Planetary Health.   Of the nearly 2.4 million deaths in 2019, air...

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The Supreme Court on Tuesday agreed to list a plea by SFIO (serious fraud investigation office) challenging a Delhi High Court (HC) order, which stayed the investigation into companies related to the Sahara group.   A plea by SFIO said: "The petitioner SFIO has filed the captioned...

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The Central Bureau of Investigation (CBI) is conducting raids at nine locations belonging to Congress leader Karti Chidambaram and his father, former Union minister P Chidambaram in connection with a fresh case of visas issued to Chinese nationals for illegal...

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India's wholesale inflation, gauged by the Wholesale Price Index (WPI) , rose to 15.08% in April from 14.55% in March, official data showed.   The WPI inflation was 10.74% a year ago.   Reportedly, WPI has been in double digits for over a year now.   The rate of...

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Tech billionaire Elon Musk on Tuesday said that the $44 billion Twitter deal "cannot move forward" until the micro-blogging site's CEO Parag Agrawal proves the bot numbers.   In a series of tweets, Musk mentioned that the CEO publicly refused to show proof of less than 5 per cent of...

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Moneylife Digital Team 16 May 2022
Over the past two fiscals, the COVID-19 pandemic has changed the dynamics of many an industry. The passenger vehicles segment is one such. During the past fiscal, passenger cars priced Rs10 lakh (Rs1 million) and above sold five times faster than the cars in the lower price segment, says a...

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The Adani family, through an offshore special purpose vehicle (SPV), announced that it had entered into definitive agreements for the acquisition of Switzerland-based Holcim Ltd's entire stake in two of Indias leading cement companies -Ambuja Cements Ltd and ACC Ltd.   Holcim, through...

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Amidst the continued rise in inflation, it is now almost certain that the Reserve Bank of India (RBI) will raise key policy rates in the June and August policy review meetings, thereby taking it to the pre-pandemic level of 5.15% by August 2022, said SBI Research in a report, adding that even...

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Tesla and SpaceX CEO Elon Musk has decided to visit Indonesia in November this year, as he reportedly wraps up Tesla operations in India amid continuous requests from top ministers and senior politicians to come and manufacture electric cars in the country.   The Indonesian government...

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The global crypto mayhem last week wiped out Bitcoin worth $3.5 billion -- created to defend and support the TerraUSD (UST) stablecoin which saw a total crash -- and no one has any idea how such a large sum of funds disappeared.   Nearly 80,394 Bitcoin worth $3.5 billion were...

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The Southwest Monsoon advanced into some parts of South Bay of Bengal, most parts of Andaman and Nicobar Islands, and the Andaman Sea on Monday, the India Meteorological Department (IMD) announced.   This comes a day later than the earlier announcement last week of the Southwest...

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Gauri Atre  and   Aniket Bhatkhande 13 May 2022
An increase of 1,540sqkm (square kilometre) of 'forest cover' in the recently published Indian State of Forest Report (ISFR) 2021 started the year on a 'green' note. This continues the trend of recent ISFR that consistently manage to announce increased forest cover by cleverly tweaking the...

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After saying that he is putting $44 billion Twitter deal on hold till he gets to know how many fake or spam accounts are present on the platform, Tesla CEO Elon Musk on Friday said that he is still commited to the $44 billion acquisition.   "Twitter deal temporarily on hold pending...

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Leading crypto exchange Coinbase suffered a major outage amid crypto mayhem especially with the cryptocurrency Terra Luna, heightening fears among the investors.   The company said it was actively working on the issue.   "We are aware that some customers are having issues...

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Moneylife Digital Team 12 May 2022
Supply factors are likely to limit near-term growth opportunities for Indian renewable power generators, stemming from the country's current heatwave and high fossil-fuel prices. Nonetheless, their medium-term prospects remain strong and are supported by government policies to diversify...

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The dramatic crash of Terra (Luna), ranked among the top-10 most valuable cryptocurrencies, has wreaked havoc in the lives of investors who fear they will become homeless after the crypto mayhem.   Within the past 24 hours, its market-cap dropped from above US$40bn (billion) to just...

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As the electric e-scooter maker Ola Electric faces government scrutiny and consumer complaints, a couple of its top-notch executives have quit, the latest being its chief marketing officer Varun Dubey.   The company confirmed to IANS that Dubey is leaving the company due to "personal...

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India's retail inflation accelerated to 7.79 per cent in April, remaining above the tolerance limit of the central bank for a fourth month in a row, data released on Thursday showed.   The retail inflation stayed well above the Reserve Bank of India's upper tolerance limit for a...

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A day after being arrested in a PMLA case, Jharkhand mining secretary Pooja Singhal was suspended from the Indian Administrative Services (IAS).   The action against her was taken by the Department of Personnel and Training.   Singhal is presently in five-day ED's custody in...

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Moneylife Digital Team/ IANS 11 May 2022
The Supreme Court (SC) on Wednesday put on hold the colonial-era penal provision of sedition and asked the Union and state governments to refrain from registering any first information reports (FIRs) under the sedition provision, Section 124A of the Indian Penal Code (IPC), till review of the...

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