NEWS
The government allows female employees to nominate children for family pensions
02 Jan 2024
In a significant move, the Ministry of Personnel, Public Grievances, and Pensions announced on Tuesday, 2 January 2024, that female government servants or pensioners can now nominate their children for family pensions.
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Russian crude ships change course amid concerns over oil payments
02 Jan 2024
Several vessels transporting crude oil from Russia, previously idling off the coast of India, are now changing their course eastward, raising concerns about oil payments to Moscow and resulting in a decline in arrivals.
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Hindustan Unilever faces Rs 447.5 crore GST demands and penalties
02 Jan 2024
Leading fast-moving consumer goods (FMCG) manufacturer, Hindustan Unilever Ltd. (HUL), disclosed on Monday, 1 January 2024, that it has been served with Goods and Services Tax (GST) demands and penalties totaling Rs. 447.5 crores by the authorities.
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Bitcoin surges beyond $45,000, setting a new two-year high
02 Jan 2024
In a remarkable milestone, Bitcoin has surged past the $45,000 mark, marking its highest value in nearly two years.
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HFCL wins Rs1,127-cr order for upgrading BSNL’s optical fibre network
02 Jan 2024
Telecom network solutions provider HFCL Ltd has secured orders worth Rs1,127.27 crore from state-run Bharat Sanchar Nigam Ltd (BSNL) for upgrading its optical fibre network for carrying the telecom operator's traffic on a PAN-India basis.
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ExxonMobil hands over operations of Iraqi oil field to PetroChina
02 Jan 2024
US oil giant ExxonMobil has exited the West Qurna 1 oilfield in southern Iraq and handed over its operations to PetroChina as the principal contractor, reports citing an Iraqi deputy oil minister said on Monday.
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Earthquake of 7.6 magnitude strikes Japan, but tsunami threat passes off
02 Jan 2024
A massive earthquake with a magnitude of 7.6 hit the Ishikawa prefecture in central Japan, triggering around 1 metre high tsunami waves in parts of Japan’s west coast along the Sea of Japan.
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Brazil's Petrobras brings a third floating platform into production
02 Jan 2024
Brazil’s state-owned oil and gas giant Petrobras on Sunday announced the start of commercial production from the giant Sepetiba floating production, storage, and offloading (FPSO) vessel at its Mero oil field in the pre-salt area of the Santos Basin offshore.
Sitharaman asks banks to review practices to improve performance
01 Jan 2024
Finance minister Nirmala Sitaraman has asked public sector banks to focus on healthy lending practices, so as to prevent bank frauds and wilful defaults, especially by corporate borrowers.
Isro launches its first space research platform XPoSat
01 Jan 2024
The Indian Space Research Organisation (Isro) started the New Year with the successful launch of the XPoSat and 10 other satellites into the space aboard its workhorse PSLV rocket.
Centre appoints former NITI Aayog V-C Dr Arvind Panagariya as head of 16th Finance Commission
01 Jan 2024
Government of India on Sunday announced the constitution of the Sixteenth Finance Commission, with Arvind Panagariya, former vice chairman, NITI Aayog, and Columbia University professor, as its chairman.
India’s forex reserves grow $58 bn year-to-date to $620.4 bn
31 Dec 2023
India's foreign exchange reserves increased by $57.63 billion year-to-date, taking overall forex reserves with the Reserve Bank of India (RBI) to $620.44 billion
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