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How will Agnipath affect the army's modernisation drive?

Govt will recruit 45,000 soldiers every year under 'Agnipath' scheme. Of them, 25% will be retained after 4 years of service. But the scheme is also drawing criticism. Here's both sides of the story

Yield curve inverts in the US and flattens in India, hinting at slowdown

Hints at possibility of recession or a big decline in economic growth

Indian Microfinance industry's loan book grows 10% to Rs 2.85 trn in FY22

NBFCs increase market share while that of banks dips

India's trade deficit hits record high of $24.3 bn in May: Govt data

Preliminary estimates released earlier in the month had put the trade deficit at $23.3 billion

War threatens Ukraine's place in global food security, say experts

The agriculture sector has so far suffered losses of $4.292 billion because of the invasion

ECB promises fresh scheme for backstop against market turmoil

Government borrowing costs have soared on the 19-country currency bloc's periphery

Apple's market valuation: Forget $3 trn, now even $2 trn looks shaky

After briefly surpassing $3 trillion in January, the iPhone maker has lost more than $800 billion in capitalization as tech stocks plunged

India stares at fuel shortage with spike in under-recovery at OMCs

The under-recoveries suffered by OMCs are around Rs 20-25 a litre for diesel and Rs 14-18 a litre for petrol, said sources

Coal ministry to have a 'just transition' division; WB to provide $1.1 mn

This is the first time since India announced its net carbon zero target year of 2070 that the policymakers have initiated discussions on just transition in coal bearing areas

Haryana grants NOC to Mahyco for field trials of BT cotton variety

India has already allowed commercial use of BG-1 and BG-2 GM cotton while the approval for the BG-2 RRF has been pending at various stages. Field trials are likely for North Zone

Rupee closes at new all-time low ahead of Fed's interest rate decision

On Monday, the rupee had breached the 78/$ mark and hit a record low of 78.28/$ intraday

SBI raises lending rates, HDFC Bank and BoB increase deposit rates

Moves follow RBI's 90-bp repo rate increase in a little over a month

Near-term pain to hit paint, cement stks; long-term outlook robust: Experts

Analysts have downgraded the related sectors, and have cut earnings estimates for FY23 and FY24 factoring the near-term challenges

Don't retreat to home turf due to US market correction, experts advise

Benefits like low correlation, currency hedge, and access to unique businesses remain intact

Five market breadth indicators that every cautious investor must know

In a note, IIFL Alternative Research has highlighted five market breadth indicators that signal extreme caution among investors

How will Agnipath affect the army's modernisation drive?

Govt will recruit 45,000 soldiers every year under 'Agnipath' scheme. Of them, 25% will be retained after 4 years of service. But the scheme is also drawing criticism. Here's both sides of the story

Creditors will now need to file info about defaults as IBBI amends rules

The amendment also provides for filing copy of GST returns by operational creditors, along with e-way bills as documentary evidence of the debt and default

Near-term growth challenges to weigh on Tata Communications stock

Higher investments may cap margins in the near term

S. Korean pop band BTS triggers $1.7-bn stock rout on shift to solos

Hybe sank as much as 28% on Wednesday in Seoul, touching its lowest level on record since its trading debut in October 2020 and wiping out as much as $1.7 billion in market value

Close to 12,000 Aadhaar enrolment operators suspended in recent months

This was because of a technical glitch in the document verification process