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In August 2024, thali costs plummeted, driven by massive price drops in key ingredients like tomatoes and fuel, offering hope amid inflation.

In August 2024, thali costs plummeted, driven by massive price drops in key ingredients like tomatoes and fuel, offering hope amid inflation.

In August 2024, the cost of preparing a vegetarian thali at home decreased by 8 percent year-on-year, while non-vegetarian thali prices dropped by 12 percent. This decline was mainly due to significant price cuts in essential ingredients like tomatoes, which fell by 51 percent, and a drop in the cost of vegetable oil and spices. ...

Market News

Sebi plans strict derivative rules to curb risky retail trading, increasing costs and limiting options to enhance market stability.

Sebi plans strict derivative rules to curb risky retail trading, increasing costs and limiting options to enhance market stability.

India’s Securities and Exchange Board of India (Sebi) is set to introduce stricter rules for derivatives trading to protect retail investors from speculation risks. The new regulations will limit options contract expiries to one per exchange each week and raise the minimum trading amount to between Rs 15 lakh and Rs 20 lakh, increasing the ...

Market News

Supreme Court delays insolvency proceedings against Byju’s amid disputes over a ₹158.9 crore settlement with BCCI, fueling financial drama.

Supreme Court delays insolvency proceedings against Byju’s amid disputes over a ₹158.9 crore settlement with BCCI, fueling financial drama.

The Supreme Court has agreed to hear an appeal from Glas Trust Company LLC, a US creditor, regarding a recent NCLAT judgment that paused insolvency proceedings against Byju’s, the prominent ed-tech firm. This decision comes after NCLAT approved a Rs 158.9 crore settlement with the BCCI over outstanding sponsorship payments. Byju’s lawyers argue the petition ...

Market News

Maharashtra approves a  billion semiconductor plant by Adani and Tower, promising 5,000 jobs and boosting India’s chip production capacity.

Maharashtra approves a $10 billion semiconductor plant by Adani and Tower, promising 5,000 jobs and boosting India’s chip production capacity.

Maharashtra’s government has approved a major semiconductor fabrication unit to be built in Panvel, Mumbai, through a collaboration between the Adani Group and Israel’s Tower Semiconductor. This project, involving an investment of approximately Rs 83,947 crore ($10 billion), aims to produce 80,000 semiconductor wafers monthly in two phases. The first phase will invest Rs 58,763 ...

Market News

India’s renewable energy ambitions are stifled by insufficient weather forecasting, jeopardizing safety and profitability in a rapidly evolving landscape.

India’s renewable energy ambitions are stifled by insufficient weather forecasting, jeopardizing safety and profitability in a rapidly evolving landscape.

India’s renewable energy sector is facing challenges due to inadequate weather forecasting, according to industry leaders. At the BloombergNEF Summit in New Delhi, experts highlighted that the country’s low density of weather stations and infrequent data collection hinder the performance of wind farms and overall clean energy production. Improved weather models are essential for optimizing ...

Market News

Salesforce plans to acquire Own Company for .9 billion, enhancing data security amid rising cyber threats as it seeks growth.

Salesforce plans to acquire Own Company for $1.9 billion, enhancing data security amid rising cyber threats as it seeks growth.

Salesforce has announced its acquisition of Own Company, a data protection and management solutions provider, for $1.9 billion in cash. This move aims to enhance Salesforce’s data security and privacy offerings, especially as customers prioritize safeguarding their data from loss and cyber threats. The company expects this deal to contribute positively to free cash flow ...

Market News

Indian IT sector sees a 6% revenue per head rise, but faces intense margin pressure amid peak operating metrics.

Indian IT sector sees a 6% revenue per head rise, but faces intense margin pressure amid peak operating metrics.

The Indian IT sector saw a 6 percent year-on-year increase in revenue per head in the first quarter of financial year 2025, driven mainly by higher efficiency and subcontracting, rather than pricing improvements. Infosys led large companies with a 9 percent rise, while mid-tier firms like Persistent Systems and KPIT reported even stronger growth. However, ...

Market News

Interest rate cuts may delay cash movement; Treasury yield inversion persists despite a positive gap, keeping money market assets soaring.

Interest rate cuts may delay cash movement; Treasury yield inversion persists despite a positive gap, keeping money market assets soaring.

The gap between two-year and 10-year Treasury yields has turned positive for the first time in about a month, according to analysts at JPMorgan. Despite potential interest rate cuts, investors are unlikely to quickly move away from shorter-dated government bonds, which currently offer attractive yields above 5 percent. The yield curve remains inverted in some ...

Market News

Ukraine’s parliament appoints new foreign minister Andrii Sybiha as President Zelenskyy reshuffles his cabinet amid escalating war challenges.

Ukraine’s parliament appoints new foreign minister Andrii Sybiha as President Zelenskyy reshuffles his cabinet amid escalating war challenges.

Ukraine’s parliament has approved a new foreign minister, Andrii Sybiha, as part of President Volodymyr Zelenskyy’s efforts to revitalize his administration amid an ongoing war with Russia. Sybiha, who previously served as an ambassador to Turkey and worked as a deputy to former minister Dmytro Kuleba, takes on this crucial role as the conflict enters ...

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