Chennai metro tunnelling causes cave-in, road gulps car
Acrater more than 10 feet across swallowed a car after a combination of metro rail tunnelling and layers of loose soil apparently caused a sudden cave-in near Rajiv Gandhi Government General Hospital on Poonamallee High Road at 2.15pm on Friday afternoon. As the road subsided without warning by at... read more »
GOVT HIKES MINIMUM EXPORT PRICE OF ONION TO CHECK DOMESTIC MARKET RATE
In an effort to curb soaring prices of onion in the domestic market, the government has increased the minimum export price (MEP) of onion by more than 140% from $175 per tonne to $425 a tonne. “Export of all varieties of onions will be subject to a MEP of $425 FOB (freight on board) per tonne,”... read more »
Our margins are strong enough to service debt
Concerned about the dull business environment in the steel sector, Sajjan Jindal, chairman and managing director of JSW Group, has deferred his long-term investment plans. In an interview with Aditi Divekar, he talks about how he plans to service the company’s Rs 36,000-crore debt. Edited... read more »
World Economy May Be Slipping Into 1930s Depression: Raghuram Rajan
Reserve Bank of India (RBI) Governor Raghuram Rajan has asked central banks from across the world to define “new rules of the game” as he warned that the global economy may be slipping into problems similar to the Great Depression of the 1930s. Raghuram Rajan, who has been warning... read more »
