A massive fire broke out at a factory in Delhi’s Mangolpuri area on Wednesday. The incident took place at a factory in the Phase-I area of Mangolpuri in the early hours of Wednesday. Acting on information, fire tenders rushed to the spot. At present, 26 fire tenders are at … Read more
Prime Minister Narendra Modi on Sunday said that the emergency imposed 47 years ago is a “black spot” on India’s vibrant democracy as he praised the country’s democratic values. Addressing the Indian diaspora during a massive event at the Audi Dome indoor arena here, he said that democracy is … Read more
The material sector closed this trading week in green, with S&P 500 Materials registering 2.53% gain and the Materials Select Sector SPDR ETF (NYSEARCA:XLB) up 2.07%. Iron ore prices fell over 8% on Monday as steel mills idled blast furnaces due to growing pessimism over the demand outlook in China. In the spot market, benchmark … Read more
A major fire broke out at a plastic factory in Bawana area of Outer North Delhi on Wednesday morning. According to the fire department, they received a call regarding the incident at around 5.35 a.m. Six fire tenders were rushed to the site to douse the fire. … Read more
Delta Air Lines in May once again ranked first for monthly on-time performance, according to a new Cirium report. The carrier has been in the top spot for four of the five months of 2022, coming in behind only Alaska Airlines and American Airlines in March. Delta arrived on time 82.6 percent of the time … Read more
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Shares of sugar companies have been in focus after the government announced various initiatives to ensure the sector’s financial position remains healthy. stock has delivered over 270 per cent return to its shareholders in the last two years. It hit a 52-week high of Rs 525.70 on April 8, 2022, and a 52-week low of … Read more
Elon Musk is calling Tesla executives back to the office—and using factory workers’ demanding schedules to justify his orders. The Tesla CEO sent out an email on May 31 entitled “Remote work is no longer acceptble (sic)” arguing for the company to succeed, executives needed to be back in Tesla’s main offices. He noted that … Read more
One River’s spot Bitcoin ETF application rejected by SEC The United States Securities and Exchange Commission (SEC) maintained its perfect record for rejecting (BTC) spot exchange-traded fund (ETF) applications Friday when it disapproved a rule change to allow cryptocurrency-focused hedge fund One River Digital to offer the One River Carbon Neutral Bitcoin Trust on the … Read more
Export houses such as and Cargill have begun cancelling wheat procurement contracts with local traders following the ban on overseas sales of the cereal, putting suppliers in a fix as they don’t have holding capacities. ITC, the country’s largest wheat exporter, has invoked force majeure. “The government of India has prohibited exports of wheat with … Read more