The Centre has rejected a Bloomberg Economics analysis that suggested the Reserve Bank of India may have sold gold reserves to bolster the country’s foreign-currency assets. The Bloomberg Economics report estimated that the RBI likely sold around $12 billion worth of gold in the two weeks through May 22 while purchasing roughly $7.5 billion in […]
Government rejects claim that RBI sold gold to boost revenues Read More »
For at least a decade, India’s domestic institutional investors largely stayed away from Rajesh Exports. Mutual funds, which held a peak stake of just 0.5% in March 2016, have since exited completely. Private insurance companies hold no meaningful exposure either. LIC took a different view. The state-owned insurer increased its stake more than fivefold, from
Mutual Funds stayed away from Rajesh Exports, LIC didn’t Read More »
India’s government has taken a controversial step to address severe shortages of two critical cancer drugs by approving price increases for cisplatin and carboplatin. The Centre granted in-principle approval using special powers under Para 19 of the Drugs Price Control Order, or DPCO. This move allows manufacturers to raise prices, with final numbers to be
Government allows price hikes for two cancer drugs facing shortages Read More »
The Hyderabad Disaster Response and Asset Protection Agency (HYDRAA) has completed fencing around 15 acres of government land valued at Rs 3,000 crore in Khanamet village, located in Serilingampally mandal of Rangareddy district. The fencing was completed on Wednesday, June 10, following orders from the Telangana High Court directing the Revenue Department to secure the
HYDRAA fences 15 acre government land worth 3,000 crore in Rangareddy Read More »
India’s online shoppers may be losing up to ₹28,000 crore a year to dark patterns – hidden fees, fake countdown timers, pre-selected add-ons, auto-renewing subscriptions, and other design choices that push users toward decisions they may not have intended to make. A new study by consumer insights firm Datum Intelligence examined 12 major platforms across
Indians may be losing Rs 28000 crore a year to online dark patterns Read More »
Delhi’s fire department is operating with 71 fire stations for a population of over 3.3 crore – roughly one station for every 4.6 lakh residents. An internal DDMA document reviewed at a meeting on Monday found that even those 71 stations cannot be fully staffed. The department needs 9,123 additional personnel immediately just to operationalise
Delhi needs 9123 more firefighters to fully staff its fire stations Read More »
Most cybersecurity professionals spend years building resumes to prove what they can do. Nisarga Adhikary’s proof was a blog post. The 19-year-old published his findings in May, detailing five critical vulnerabilities in CBSE’s On-Screen Marking portal – the system used to evaluate Class 12 board exam answer sheets. The flaws included a master password stored
IIT Kanpur has hired the teen who flagged flaws in CBSE’s OSM exam system Read More »
Anthropic, the company behind the Claude AI system, announced this week a $200 million Economic Futures Research Fund to study AI’s impact on jobs and the broader economy. A separate $150 million fellowship programme will support early-career professionals in communities affected by the transition. The announcement came alongside a detailed policy framework from CEO Dario
Anthropic is spending $200 million to study AI’s impact on jobs Read More »
A post by China’s Embassy spokesperson in India has reignited debate over how the world’s two most populous countries conduct high-stakes entrance examinations. The post highlighted China’s Gaokao exam, which saw nearly 1.3 crore students appear this year. According to the diplomat, authorities imposed traffic controls, noise restrictions, anti-cheating measures and special support services to
China’s biggest exam just reignited India’s education debate Read More »
The first teaser for The Social Reckoning has been released. Written and directed by Aaron Sorkin, the film is based on the 2021 Facebook Files – one of the most consequential whistleblower leaks in the history of social media. The leak came from Frances Haugen, a former Facebook product manager who copied thousands of internal
A new film revisits Facebook’s biggest whistleblower scandal Read More »
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