WPI rises for fourth consecutive month amid costlier vegetables

NEW DELHI: The wholesale inflation in India rose for the fourth consecutive month in June at 3.36%, riding on rise in prices of food articles, especially vegetables and manufactured items. The month-over-month change in WPI for June, 2024 stood at 0.39% as compared to May, 2024. The WPI based inflation was 2.61% in May, and […]

NITI Aayog launches hackathon to accelerate zero-emission truck adoption in India

NEW DELHI: NITI Aayog on Sunday announced the launch of a hackathon to accelerate zero-emission truck adoption in India. NITI Aayog, in collaboration with IIM Bangalore, Smart Freight Centre India, CALSTART/Drive to Zero, and WRI India, announced the launch of the NITI GearShift Challenge as part of the e-FAST India initiative. “This pioneering hackathon aims […]

India’s retail digital payments likely to be $7 trillion by 2030: Report

NEW DELHI: A recent report has said that with digital adoption fast gaining currency, India is likely to see retail digital payments double to $ 7 trillion by 2030 from the current levels. The study by Kearney and Amazon Pay said that strong adoption of digital payments in online purchases has potentially led to a […]

Groundwater temp could rise by 3.5°C, become undrinkable for billions

NEW DELHI: A global study has revealed that shallow groundwater temperatures are projected to increase by an average of 2.1 to 3.5 degrees Celsius by the end of this century. This alarming forecast comes from the world’s first global groundwater temperature model, developed by an international team of researchers including Dr. Gabriel Rau from the […]

Musk: European Commission offered X ‘illegal secret deal’ to avoid fines

SAN FRANCISCO: Elon Musk, owner of social media platform X (formerly Twitter), has accused the European Commission of offering an “illegal secret deal” to avoid fines for non-compliance with EU regulations. The allegation comes as the Commission released preliminary findings that X violates the Digital Services Act (DSA). According to Musk, the Commission proposed that […]

India’s forex reserves surge to lifetime high of $657.2 billion

NEW DELHI: India’s foreign exchange reserves jumped by $5.16 billion to scale a lifetime high of $657.16 billion during the week ended July 5, according to RBI data released on Friday. The country’s forex reserves had contracted by $1.71 billion to $652 billion for the week ending on June 28 but have bounced back to […]