Category: Business News & Economy

Seven applications were submitted for the government’s coal gasification promotion scheme. Adani Enterprises submitted three separate applications for urea projects. The scheme aims to convert coal into higher-value products and reduce import dependence. The government targets 100 million tonnes of coal gasification capacity by 2030. The second round of applications opens soon with more expected…

Seven applications were received for India’s coal gasification scheme’s first round. Adani Enterprises submitted three proposals for urea production, while others applied for different projects. The scheme aims to reduce import dependence and boost domestic coal utilization significantly. It supports achieving 100 million tonnes of coal gasification capacity by 2030.

Currently, silver is priced lower than its typical value, presenting an appealing investment alternative to gold. With gold’s modelled range set between US$3,248 and US$4,595, averaging at US$3,922, silver’s modelled range is between US$54 to US$77, averaging at US$65. Priced at US$61.7, silver falls below its expected midpoint, highlighting its position as the more affordable…

S&P Global Ratings assigned a BBB long-term rating to Bank of India. This rating reflects sufficient capitalisation, solid funding, and healthy liquidity for the bank. The agency noted the likelihood of extraordinary government support if needed for the state-run bank. Bank of India’s role in financial inclusion and strong government links underpin its creditworthiness. Profitability…

Bloom Energy shares jumped after the company was selected for inclusion in the S&P 500, with the move set to take effect on September 21. UBS raised its price target to $325, citing potential passive-fund demand and growing AI-driven power demand.

The Japanese yen has surged ahead of an expected Bank of Japan rate hike next week, disrupting the long-standing yen carry trade and prompting investors to unwind bearish yen positions. The yen strengthened to 152.89 per dollar, while markets now price a 97% probability of a 25-basis-point BOJ hike to 1.25%.

A dramatic lightning strike set the turret of a historic mansion in Georgia ablaze on Saturday night. Firefighters successfully contained the fire to the upper exterior, limiting its impact. The steeple and balcony suffered considerable damage, but thankfully, the business within the mansion emerged largely unscathed. Exterior repairs are scheduled as operations at the store…

Individuals born on September 9 are known for their bravery and a deep commitment to fairness. They tend to step in swiftly during injustices, fueled by their passionate emotions, which can sometimes cause them to react impulsively or face burnout. However, their inherent resilience enables them to recover from failures and emerge stronger. Striking a…

A Division Bench comprising Justice G.R. Swaminathan and Justice M.D. Sumathi dismissed the husband’s appeal against the order of the Family Court, Thanjavur, which had granted divorce to the wife on the grounds of cruelty and desertion.

A former USCIS official and an accomplice face federal charges for a bribery scheme. They allegedly accepted nearly $960,000 to manipulate immigration applications. Investigators used thousands of WhatsApp messages and calls to trace the alleged scam. The scheme involved bypassing standard procedures and speeding up citizenship cases. This alleged operation spanned over six years, from…