June 2022 – TradenTalks

Assam’s flood crisis becomes worse and there are now 88 people dead

June 22, 2022 Administrator_IndiaAssam, Current affairs, India, News0 comment

With the addition of seven additional fatalities on Tuesday, the death toll from the flooding in Assam rose to 88, with an estimated 55.42 lakh people impacted across 32 of the state’s 34 districts. The Army works around the clock to help the hurting people, alongside federal, state, and local disaster response organizations like the National Disaster Response Force (NDRF). The seven fatalities were recorded from five districts, according to Assam State Disaster Management Authority (ASDMA) officials. ASDMA authorities report that since April of this year, 71 people have died…

India

Floods in Bangladesh kill 42 people and leave millions trapped

June 20, 2022 Administrator_IndiaCurrent affairs, Flood, India, Monsoon, News0 comment

Over the weekend, at least 25 people were killed in Bangladesh by lightning or landslides, leaving millions stranded or homeless in the country’s low-lying northeast, where the country is experiencing the worst monsoon floods in recent memory, officials said. According to police authorities in the neighboring Indian state of Assam, at least 17 people have died as a result of the floods that began earlier this month. According to Arifuzzaman Bhuiyan, the head of the state-run Flood Forecasting and Warning Centre, several of Bangladesh’s rivers have risen to dangerous levels,…

Covid-19

India has recorded 12,847 new cases, totaling over 65,000 infections in 7 days

June 17, 2022 Administrator_IndiaCoronavirus, Coronavirus Cases, India, News0 comment

India reported a 4,848 rise in active coronavirus cases, bringing the total to 63,063. The country ranks twenty-eighth among the countries with the most active cases worldwide. It added 12,847 cases on June 17th, bringing its total caseload to 43,270,577. With 14 more deaths, the overall number of Covid-19 deaths has risen to 524,817, or 1.21 percent of all confirmed illnesses. On June 16, India received 1,527,365 additional Covid-19 vaccine doses, bringing the total number of vaccine injections to 1,958,403,471. Meanwhile, the number of recovered coronavirus cases in India has…

Commodity

Gold prices are down Rs 270 per kg, while silver is up Rs 60,000 per kg

June 16, 2022 Administrator_IndiaCommodities, Gold, News, Price, Silver0 comment

On Thursday morning, gold prices in India fell by Rs 270 per gramme. After a Rs 250 drop, 10 gramme of 24-carat gold is trading at Rs 51,440, while 10 gramme of 22-carat gold is trading at Rs 47,150. The drop in gold prices comes after the US Federal Reserve raised interest rates for the first time since 1994 and warned of economic concerns. Silver, on the other hand, has seen a price increase. After a 200-rupee hike, 1 kilogramme of silver now costs Rs 60,000. The price of a…

top three Indian medical research institutes

Uncategorized

The US has announced a $122 million fund for India to prevent epidemics that could have been avoided

June 16, 2022June 16, 2022 Administrator_IndiaCurrent affairs, India, News, US0 comment

The US has announced a USD 122 million grant to the top three Indian medical research institutes to prevent preventable epidemics, detect disease risks early, and respond quickly and effectively. The entire funding of USD 122,475,000 will be allocated over five years to the three leading Indian health research institutes: the Indian Council of Medical Research (ICMR), the National Institute of Virology (NIV), and the National Institute of Epidemiology (NIE). The fund, which was announced on Wednesday by the Centers for Disease Control and Prevention (CDC), would expedite progress toward…

Market

As the anchor investor lock-in period expires, the LIC falls 4%, or 28%, from its issue price

June 13, 2022 Administrator_IndiaBSE, LIC, Market, Sensex, Stocks0 comment

In intra-day trade on Monday, shares of Life Insurance Corporation of India (LIC) fell 4% to Rs 681.70 on the BSE, with the lock-in period for anchor investors expiring on Monday, June 13. The share price of the state-owned insurance behemoth has dropped by 28% from its IPO price of Rs 949 per share. Retail investors were given shares for Rs 905 each at the time of the IPO, while policyholders were given shares at Rs 889 each. The stock was trading at its lowest level since its initial public…

Business

MoS Finance estimates that the Indian fintech business would be worth $150 billion by 2025

June 9, 2022 Administrator_IndiaBusiness, Finance, Fintech, India, News0 comment

According to Minister of State for Finance Pankaj Chaudhary, the rise of Indian fintech firms has been exponential, and the sector is predicted to reach a valuation of USD 150 billion by 2025. Chaudhary said fintech has emerged as one of India’s fastest-growing areas, attracting increased attention from all stakeholders, both within and beyond the nation, at a conference organised by industry association Assocham. “While the bulk of Indian fintech businesses is under a decade old, their success and growth over the last few years have been exponential.” By 2025,…

Hindustan Oil Exploration Company (HOEC)

companies

From Mumbai offshore wells, HOEC begins oil production and gas sales

June 8, 2022 Administrator_IndiaCompanies, HOEC, Oil, Oil production0 comment

On June 8, Hindustan Oil Exploration Company (HOEC) announced that oil production and gas sales from Mumbai offshore wells D-1 and D-2 had begun. The business started in a stock market statement that both wells – D-1 and D-2 – had been brought online for production after successfully resolving technical concerns encountered during pre-commissioning activities. From ONGC’s gas processing plant in Hazira, the firm has begun selling gas to Gujarat State Petroleum Corporation (GSPC). The firm exports processed gas to its Hazira gas processing station via the ONGC pipeline network.…