The rupee breached the 80-mark against the dollar on Tuesday. The steady depreciation in the value of the rupee against the US dollar is likely to prove expensive for corporate India. The listed companies' revenue expenses in foreign currency or imports exceed their export revenues or revenue earnings in forex. In their latest financial year, BSE500 companies, excluding banks and non-banking finance companies and insurance (BFSI), reported combined forex expenses of Rs 12.31 trillion against forex earnings of around Rs 10 trillion.
The average top executive monthly compensation is Rs 1 crore. The median employee salary is now Rs 820,000.
A summary of sports events and persons who made news on Wednesday
"The athlete has challenged the imposition of the provisional suspension and the case has been referred to the Court of Arbitration for Sport - Anti-Doping Division," the ITA said.
A joint team of the state and the Centre inspected the unit and found 12 violations or deficiencies.
Banks are gaining market share at the expense of non-bank lenders such as housing finance companies, retail lenders, and those giving gold loans. There has been a steady decline in the market share of non-banking financial companies (NBFCs) in the credit market as banks have stepped up lending. NBFCs' share declined to a five-year low of 19.8 per cent in the first half of FY23, down from 20.3 per cent in H1FY22, and an all-time high of 23.1 per cent in H1FY19.
'The fortunate part is that the severity is less. New strains are continuously forming and the virus is getting less severe.'
Union health secretary Rajesh Bhushan held a review meeting with states and Union Territories on Tuesday and advised them to ramp up testing for early identification and management of cases.
Of the 230 samples from Mumbai, 228 samples are of Omicron variant, while one was found to be Kappa variant and another XE variant. The condition of the patients infected with the new strains of the virus was not serious, a BMC official said.
The World Health Organisation has issued an alert for four 'contaminated' medicines manufactured by an Indian pharmaceutical company that have been 'potentially linked' with acute kidney injuries and 66 deaths among children in The Gambia.
Tata Consultancy Services (TCS), the group's biggest cash generator, overtook Vedanta to become the highest dividend payer in India in FY23. The IT services major paid Rs 42,090 crore for FY23, up 167.4 per cent from Rs 15,738 crore for FY22. The 10 biggest payers together shelled out Rs 2.06 trillion for FY23, more than double the Rs 98,371 crore for FY22.
COVID-19 is on the verge of becoming endemic but Indian scientists are keeping a close watch on each new variant and the government would continue to maintain a high alert, Union health minister Mansukh Mandaviya has said, underlining that the virus has managed to survive and is going to stay.
No case of the new Omicron variant of coronavirus has been detected in India yet, a senior government official said on Monday.
In their preliminary findings presented to the Andhra Pradesh government, the experts noted that it was a point source epidemic and a likely case of acute intoxication of toxins, but not chronic.
The stellar rise in corporate earnings in financial year 2021-22 (FY21) and FY22 did not result in a corresponding boom in capital expenditure (capex), with listed companies' investment in fixed assets rising just 2.3 per cent year-on-year (YoY) in FY22, growing at the slowest pace in the last six years. In comparison, the firms' combined net profit jumped 63.5 per cent YoY in FY22, while net sales increased 31.1 per cent - the fastest pace in over a decade. The 955 non-financial companies in Business Standard's sample reported combined net profit of Rs 7.18 trillion in FY22, compared with Rs 4.39 trillion in FY21 and Rs 2.59 trillion in FY20.
England, who are gunning for their second World Cup title, have the most valuable squad in Qatar with Jude Bellingham topping a list of over 800 players.
Gujarat reported 2,165 cases, Maharashtra 1,188, Uttar Pradesh 663, Madhya Pradesh 590, Haryana 339 and Andhra Pradesh 248 cases.
'Indian single malts have a very specific character.' 'They are sweet when you take a frontal palette approach and change significantly with the addition of water.'
The exercise will be carried out jointly by the National Centre for Disease Control and the Delhi government and will be held till July 10.
A man who had arrived from Nigeria and six of his family members who tested Covid-19 positive and their tests had 's' gene dropout were doing well and the officials of Greater Chennai Corporation were involved in monitoring the primary and secondary contacts of his family members, Tamil Nadu Minister Ma Subramanian said on Wednesday.
8 Asiatic lions in the zoo in have tested positive for COVID-19 after their saliva samples were thoroughly examined by CSIR-Centre for Cellular and Molecular Biology in Hyderabad, Rakesh Mishra, advisor of the premier research institute said.
They have named this unique cluster of virus population as 'Clade A3i' found in 41 per cent of the genome sequenced in India.
The US Customs and Border Protection (CBP), ahead of the holiday shopping season, warned consumers to be extra diligent while shopping online for children's toys after the recent seizure of toys that were coated in unsafe levels of lead, cadmium and barium.
The sessions court instead included the offence of causing death by negligence against the IAS officer and a similar order was passed with regard to co-accused Wafa Feroze in the case, the public prosecutor dealing with the matter said.
Retail investors have put at least Rs 2,296 crore in listed companies facing proceedings under the Insolvency and Bankruptcy Code (IBC). A median such-company had 16,163 retail investors as shareholders many of whom apparently have bought a stake on the hope of making money if the firm revives. They own a fifth of the total stake in the companies under consideration. The analysis looked at 75 listed firms for whom shareholding data was available for March 2022.
Even if you feel healthy, your overall health report can give you a realistic picture of important parameters, advises Dr Divya Gopal.
The Mumbai police's probe in this respect was "at variance" with its probe, the central agency said in the charge sheet.
The Delta Plus variant have been detected sporadically in Maharashtra, Kerala and MP.
A special court here which granted bail to Maharashtra minister Nawab Malik's son-in-law Sameer Khan has observed that there was no evidence to establish that Khan was involved in drug trafficking.
Wang Guangfa, a respiratory expert from Peking University First Hospital, warned that Beijing may experience a spike in severe COVID-19 cases over the next fortnight.
According to a 2020 study Analysis of bridge failures in India from 1977 to 2017, as many as "2,130 bridges" -- excluding culverts and pedestrian bridges -- have collapsed during various phases of construction in the last four decades.
The International Weightlifting Federation dropped the doping charge against Indian weightlifter K Sanjita Chanu due to "non-conformities" in the handling of her sample but the Commonwealth Games gold-medallist has demanded an apology and compensation for the "trauma" she has endured. The IWF made the decision based on the recommendation of the World Anti-Doping Agency (WADA). The 26-year-old, who claimed innocence since the beginning, was informed about the final verdict via an e-mail, signed by IWF's legal counsel Lilla Sagi.
Experts speculated that they could be either meteorites entering the Earth's atmosphere or the pieces of rocket boosters which fall off after a satellite launch.
Meanwhile, the All India Institute of Medical Sciences will send the viscera Singh's samples to the central forensic laboratory in New Delhi to test for poisoning
Seema had been given a four-year suspension by NADA's Anti-Doping Disciplinary Panel (ADDP) following the hearing on her positive test for banned performance enhancing drugs.
Pujara's strike-rate has been a constant subject of debate for sometime now
India Inc resorted to salary cuts to protect their profits in the June quarter, as revenues came under pressure due to the second pandemic wave that affected nearly the entire country, a report said on Wednesday. The "weak" wage growth will prove to be a drag on the overall economic recovery in the medium term as it will affect household consumption, the report by India Ratings and Research said. An environment of pandemic-led uncertainty and elevated inflation could impact the level of spending and hence the overall demand, it said.
Coach Eteri Tutberidze said she was certain Valieva was 'clean and innocent'
"Social media (84.94 per cent) produces the largest amount of misinformation, and the internet (90.5 per cent) as a whole is responsible for most of the COVID-19 misinformation. Moreover, Facebook alone produces 66.87 per cent of the misinformation among all social media platforms," it stated.
The phase 3 trial findings indicate that Covaxin induces a robust antibody response with no severe vaccine-related adverse events or deaths reported among the trial participants, the authors of the study said.
