CENTRAL ROAD RESEARCH INSTITUTE
Yen hits four-week high, intervention questions circulate
The yen surged to a nearly four-week high against the U.S. dollar on Friday amid speculation of Japanese intervention, following data showing eased U.S. consumer prices and moderate producer price increases, which boosted expectations for a Federal Reserve rate cut in September.
72% financial institutions to invest in ESG tech: Survey by BCT Digital and Chartis Research
About 48% of the respondents identified risk assessment and mapping relevant ESG whereas another 48% viewed integrating ESG into operational and financial workflows as significant challenges.
Before he goes into space, the non-biological PM should go to Manipur: Jairam Ramesh
Taking to 'X', Ramesh, on July 4, wrote, "Before He goes into space, the non-biological Pradhan Mantri should go to Manipur." The media report has quoted ISRO Chief S Somnath as saying that PM Modi can be the candidate for India's first manned space mission, 'Gaganyan', which is slated to be launched in 2025.
Competitive intensity in used vehicle market to be on the rise: India Ratings
India Ratings and Research predicts that vehicle financiers will increase the share of used vehicles in their AUM due to rising new vehicle prices, food inflation, heat wave, moderation in capacity utilization due to elections, and slowing rural economy. The agency also expects a decrease in FY25 growth rates from FY24 levels. The agency expects non-bank finance companies to focus on used vehicles as assets class, presenting a favorable risk-return in terms of asset quality and pricing power.
Certification to be must for road expansion joints
Road transport and highways ministry will soon mandate road contractors to certify all expansion joints on bridges and roads. This new requirement aims to prevent mishaps from the premature failure or deterioration of joints, which could lead to accidents.
Rupee sees range-bound trade against US dollar in morning deals
The rupee traded against the US dollar in early trade, influenced by the equity market and factors like the dollar's strength and crude oil prices.
On the way: Production of Bitumen using biomass
India plans to produce bio-bitumen from biomass to reduce imports and tackle stubble burning issues in road construction.
Inflation, Fed meeting to give clues for US market direction
Investors await next week's inflation data and Fed meeting for signals on stock market trajectory amid conflicting economic signals. S&P 500's 12% YTD rise hinges on Fed's ability to manage inflation without hampering growth.
Wall St Week Ahead-Inflation, Fed meeting to give clues for US market direction
Political uncertainty may impact market stability. Early presidential debate raises concerns about 2024 election influence. Market attention shifts from economic data to political landscape.
Groundwater to get over 3 deg C warmer by century's end, threatening safety: study
Groundwater is projected to warm by 2-3.5 degrees Celsius before the turn of this century, potentially risking water quality and safety, apart from threatening ecosystems depending on the resource, a new research has found. The "world's first global groundwater temperature model" predicted the highest warming rates in Central Russia, Northern China and parts of North America, and the Amazon rainforest in South America.
Experts warn of heat risks as India's temperatures climb again
India is facing a severe heatwave, with temperatures in several cities exceeding 45 degrees Celsius. The city of New Delhi has seen temperatures rise into the high 40s Celsius, with power usage in the city reaching a record high. Experts warn that cities are more vulnerable to the compounding effects of urbanization and climate change, leading to a greater number of hotter days, prolonged dry spells, and less rainy days.
North Korea flies trash balloons over the South as leader Kim doubles down on satellite ambitions
North Korea launched hundreds of trash-filled balloons into South Korea, prompting chemical and explosive response teams to recover the debris. This act follows North Korean leader Kim Jong Un's push to overcome a failed satellite launch and develop reconnaissance capabilities. Kim criticized South Korea's military exercises and warned of "stern" actions.
Post-COVID, China is back in Africa and doubling down on minerals
Chinese overseas investment, with a focus on minerals extraction in Africa, is rebounding post-pandemic. However, the relationship remains extractive, not fully aligned with the Belt and Road Initiative's goals outlined by President Xi Jinping.
BMC sets up expert panel to frame guidelines for billboards in Mumbai
On May 13, a giant illegal hoarding in the city's Ghatkopar area fell on a petrol pump during gusty winds and unseasonal rains, leaving 17 dead so far and over 70 injured. Rakesh Kumar, an ex-employee of National Environmental Engineering Research Institute (NEERI), is the environment expert on the panel, while IIT Bombay's Prof. Avjit Maji, Prof. Nagendra Rao Velaga, besides Prof. Shreekumar from the department of Industrial Design, are other members.
Cruel Summer: Rethinking how to live, work in a world that is getting warmer
As this year’s summer, with its extended heat waves and record temperatures, warns, how to adapt to a warmer world is no longer a hypothetical question. A new study by World Weather Attribution says climate change has made a 30-day heat wave in South Asia 45 times more likely and 0.85o C hotter. Experts say we need to rethink the kind of houses we live in and offices we construct, how we grow our crops and the way we look at the impact of heat on our bodies, even as we tackle reducing the use of fossil fuels.
Reach Europe 20 days earlier and for 30% cheaper: How Chabahar port helps India expand its trade footprints globally
India’s pact with Iran to develop the Chabahar port will give a boost to the multimodal transportation network called the International North-South Transport Corridor, enabling exports from South Asia to reach Europe and Russia.
Bumpy roads vs beautiful flyovers: What's stopping Delhi from becoming a world-class city?
Delhi's 2023 budget aimed to upgrade 1,400km of roads with Rs 22,000 crore, managed by PWD. Kejriwal's vision led to pilot projects. The 10-year maintenance plan is restructured. Municipal Corporation of Delhi oversees colony roads. Agencies focus on beautification but neglect road repair and signage importance. Tree plantation and road strengthening are prioritized.
Chabahar Port development to help India expand trade routes; need to ensure necessary infra: GTRI
India has signed a 10-year contract to operate the strategic Iranian port of Chabahar, which will help India enhance its logistical capabilities and expand its trade routes to Central Asia. The port, which is Iran's only ocean port, is strategically located about 170 km west of Pakistan's Gwadar Port and offers an alternative maritime route to the congested Strait of Hormuz. The port is an integral component of the International North-South Transport Corridor (INSTC), a 7,200-km multi-modal transportation route connecting India with Iran, Azerbaijan, Russia, Central Asia, and Europe.
BoE leaves key rate unchanged at 5.25%; moves closer to first rate cut since 2020
The BoE said on Thursday its Monetary Policy Committee voted 7-2 to keep rates at a 16-year high of 5.25% after Deputy Governor Dave Ramsden joined Swati Dhingra in voting for a cut to 5%. The MPC has now kept rates on hold at six meetings in a row but it hinted that a first cut since March 2020 at the onset of the COVID-19 pandemic could come as soon as its next meeting in June, a potential boost for Prime Minister Rishi Sunak.
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