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India’s exports increased by 24% to $38 billion in April, widening the trade deficit to $20 billion
India’s product exports increased by 24.2 percent year on year in April to $38.2 billion, the third-highest level ever, because of rising commodity prices despite the ongoing Russia-Ukraine conflict, according to preliminary trade data issued by the commerce ministry on Tuesday. The previous month had seen $42.2 billion in outbound shipments, which was a new […]
Zepto has raised $200 mn to develop its 10-minute delivery service throughout India
Zepto, a rapid commerce startup founded by two 19-year-old Stanford dropouts nine months ago, has raised $200 million in a Series D funding round, valuing the company at about $900 million. Zepto intends to use the funds to expand 10-minute grocery delivery across the country and continue to grow responsibly. Y Combinator Continuity doubled in […]
Long-term measures are required to avoid a repeat of the coal crisis, according to Anil Swarup.
Former coal secretary Anil Swarup remarked on April 30 that the coal crisis will return unless long-term solutions such as expanding Coal India’s production are found, as electricity shortages continue to plague significant portions of the country. “Coal is on fire again and will keep catching fire if long-term solutions are not found. We missed […]
Due to a coal shortfall, power delivery to Delhi Metro trains and hospitals may be disrupted.
The Delhi administration warned on Thursday of a possible setback in delivering uninterrupted energy to essential institutions in the capital, including Metro trains and hospitals, amid a worsening coal shortage. Satyendar Jain, the Power Minister, convened an emergency meeting to examine the situation and wrote to the Centre, urging that additional coal be made available […]
In Bengaluru, the tire of a Thai Airways jet bursts, yet 150 people are unharmed.
According to sources, at least 150 passengers and staff members on board a Thai Airways flight were unharmed after a tyre blew before landing at Bengaluru’s Kempegowda International Airport (KIAL). The problem occurred on Tuesday night, and a technical crew from the airline arrived with a spare wheel on Wednesday evening. According to airport sources, […]
Today, Prime Minister Narendra Modi will host a COVID-19 review meeting with CMs to analyze the situation.
Prime Minister Narendra Modi will hold a virtual meeting with Chief Ministers today to assess the COVID-19 situation in the country, which has seen an increase in daily infections over the previous two weeks, with Delhi and the National Capital Region serving as the epicenter (NCR). According to the Prime Minister’s Office, the virtual meeting […]
RBI will raise the repo rate in June, sooner than expected, according to a poll.
According to a poll, the Reserve Bank of India will raise its repo rate in June, and at a faster rate than forecast just a few weeks ago, as rising inflation puts pressure on the central bank to move sooner. Retail inflation increased to nearly 7% in March, exceeding the central bank’s goal range of […]
Today, a gram of gold costs Rs 53,440, while a kilogram of silver costs Rs 66,700.
On Monday, the price of 10 grammes of 24-carat gold fell by Rs 10 to Rs 53,440, while the price of 1 kilogramme of silver rose by Rs 100 to Rs 66,700. The price of 10 grammes of 24-carat gold in Delhi and Mumbai is the same as it is in Bengaluru, Hyderabad, and Kolkata, […]