Author: NNI Editor
Image used for representative purpose only | Photo Credit: V. Sudershan The rupee fell sharply by 51 paise to settle at 87.23 (provisional) against the U.S. dollar on Tuesday (February 25, 2025) due to month-end dollar demand by importers amid uncertainty over U.S. trade tariffs.Elevated greenback against major crosses and sustained FII outflows also contributed to the decline in the domestic unit, forex traders said.At the interbank foreign exchange, the rupee opened weak at 86.83 and kept losing ground through the day before settling at 87.23 (provisional), 51 paise lower than its previous close.The local unit had settled at 86.72…
National Stock Exchange (NSE) building. File. | Photo Credit: Special Arrangement Benchmark BSE Sensex recovered 147 points in a range-bound trade on Tuesday (February 25, 2025), ending its five-day slide on the back of buying in financial and FMCG shares.The 30-share BSE benchmark Sensex climbed 147.71 points or 0.20% to settle at 74,602.12 with 17 of its constituents ending higher and 13 lower. During the day, it rallied 330.67 points or 0.44% to 74,785.08.The broader Nifty of NSE, however, fell for the sixth day slipping by 5.80 points or 0.03% to finish at 22,547.55 due to fag-end selling in pharma,…
Ashwin Yardi, CEO of Capgemini Technology Services India at the Nasscom Technology and Leadership Forum 2025 in Mumbai on February 25, 2025. | Photo Credit: Reuters Joining the debate on working hours, IT services company Capgemini India’s chief executive Ashwin Yardi on Tuesday (February 25, 2025) advocated 47.5 hours work per week, and was against sending e-mails to employees on weekends.He was speaking at Nasscom Technology and Leadership Forum (NTLF) here. “Forty seven and half hours. We have about nine hours a day and five days a week,” Mr. Yardi said replying to a question on the ideal time to…
Decent work is a key part of the United Nations’ 2030 Agenda for Sustainable Development. | Photo Credit: Sreenivasa Murthy V With unemployment rates skyrocketing in recent years, finding a workspace, let alone a suitable workspace, has become extremely difficult. What is a suitable workspace, though? How do we identify whether the employment opportunity we have obtained is decent work or not?Decent work refers to access to employment opportunities that respect the basic fundamental rights of an individual while adhering to the workers rights, fair income, workplace safety, and social protection. It’s a key part of the United Nations’ 2030…
The manufacturing of the Chikungunya vaccine at BE is expected to generate up to 300 new jobs. | Photo Credit: Special Arrangement Vaccine firms Biological E. and Bavarian Nordic have formed a strategic partnership to expand access to the latter’s Chikungunya vaccine in low and middle income countries. Initially, they have entered into a contract manufacturing agreement to allow for scaling of capacity towards enabling future supply to endemic LMIC countries. The agreement comprises a technology transfer of the current drug product manufacturing process for the chikungunya vaccine, with an option to transfer the drug substance process at a later stage,…
Watch: Ambani, Adani to invest Rs. 50,000 crore each in Assam Source link
Like thousands of his countrymen in far-flung places, flower-shop owner Ashish Nagose has been learning about trading cryptocurrencies by attending classes every weekday for the past two months in his home city of Nagpur in western India.Nagose has bought and sold stock options earlier but is now venturing into cryptocurrencies as regulators have made it harder to trade equity derivatives in India. The 28-year-old believes the red-hot crypto asset class can help shield his family-owned flower shop during downturns.”I want to run my family shop, and hope that trading can provide a steady income when business slows down, like in…
Representational image of various medicine pills | Photo Credit: Reuters Its time for Indian pharma companies to look beyond the U.S. market as the Trump administration has threatened to impose 25% tariff on pharmaceutical imports. This move would disrupt India’s dominant position in the U.S. market, where it supplies over 45% of its generic medicines, industry officials said.As of 2023, the size of India’s pharmaceutical sector was estimated at about $55 billion, and the global export pie was worth $27 billion. As per a report by Bain & Company market is projected to touch $130 billion by 2030 and $450 billion by…
In India, domestic gold prices rose to a record 86,592 rupees per 10 grams last week. File photo | Photo Credit: REUTERS India’s gold imports are set to tumble 85% in February from year ago levels to their lowest in 20 years, with demand sapped by record prices for the precious metal, a government official and three bank dealers told Reuters.Lower gold imports could help India narrow its trade deficit and support the rupee that is trading near record low against the dollar. India is the world’s second biggest consumer of the precious metal.”Banks and jewellers have cleared a very…
Representational image of oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia June 4, 2023. REUTERS/Alexander Manzyuk/File Photo | Photo Credit: Reuters India, the world’s third largest oil consuming and importing nation, bought crude oil worth €49 billion from Russia in the third year of Moscow’s invasion of Ukraine, a global think tank said. India, which has traditionally sourced its oil from the Middle East, began importing a large volume of oil from Russia soon after the invasion of Ukraine in February 2022. This is primarily because Russian oil was available at a significant discount to other international…