Power politics

Posted on   11:31 am

NCP chief Sharad Pawar, ridiculed for being in the driving seat at the age of 83 by his nephew Ajit Pawar, on Wednesday gave a point-by-point rebuttal to the rebels, fielding subjects ranging Nagaland and his past decisions.

RBI panel suggests inclusion of rupee in IMF’s special drawing rights

Posted on   11:20 am

A RBI panel has suggested that in the long run, India will achieve higher level of trade linkages with other countries, as a result of which the rupee is likely to reach a level where it would be widely used, and proposed the currency’s inclusion in International Monetary Fund’s (IMF) Special Drawing Rights (SDR) basket.

Samsung profit likely lowest in more than 14 years

Posted on   11:16 am

Samsung Electronics’ (005930.KS) June-quarter profit is expected to plunge 96% on-year to the lowest for any quarter in more than 14 years, as a chip glut continues to drive large losses in the tech giant’s cash cow business despite a supply cut.

LIC offloads shares in India Cement

Posted on   11:13 am

Life Insurance Corporation of India (LIC) on Wednesday said it has offloaded a little over 2 per cent stake in India Cement through open market transactions between November 2007 and July 2023.