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Zimbabwe's ZiG is the world's newest currency and its latest attempt to resolve a money crisis

Zimbabwe has introduced the "ZWL" (ZWL) as its new currency, the latest in a series of attempts to address its severe economic crisis. The ZWL replaces the RTGS dollar, which had been introduced in February 2019. The ZWL's value is pegged to an undisclosed basket of currencies and is aimed at stabilizing the economy and curbing inflation.

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At nearly $71 billion, FDI falls for 2nd year in a row - Times of India

Foreign direct investment (FDI) into India fell for the second consecutive year, declining by 2.9% in 2022-23 to $70.84 billion. This marks a significant decrease from the peak of $81.97 billion reached in 2020-21. The drop is primarily attributed to global economic headwinds, including supply chain disruptions, inflation, and geopolitical tensions.

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Metals shine: Gold rises to Rs 74k/10gm, silver Rs 93k/kg - Times of India

Gold prices surged to their highest in nearly three weeks, with investors seeking refuge as safe haven asset due to uncertainty. Yellow metal soared by Rs 1,045 to Rs 73,945 per 10 grams in the national capital, while silver vaulted by Rs 2,855 to Rs 92,791 per kg. Silver also rose by Rs 2,855 to Rs 92,791 per kg.

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Noel's 3 children secure 5 Tata Trusts board seats - Times of India

Noel Tata's three children have secured five board seats of Tata Trusts, including Ratan Tata's successor, N Chandrasekaran, as chairman. Noel's eldest daughter, Maya Tata, took on the roles of chairperson of the Sir Ratan Tata Trust and the Tata Education and Development Trust. His other two children, Neville Tata and Noel Tata Jr, joined the boards of the Sir Dorabji Tata Trust and the Tata Social Welfare Trust.

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India's mcap crosses $5tn for 1st time, $1tn added in 6 mths - Times of India

India's market capitalization (mcap) surpassed the significant milestone of $5 trillion for the first time ever, adding an impressive $1 trillion in just six months. This remarkable growth is attributed to sustained foreign inflows, strong corporate earnings, and optimism in the economy.

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Anti-war protesters interrupt Blinken repeatedly during the Senate speech - Times of India

Anti-war protesters repeatedly interrupted US Secretary of State Antony Blinken's Senate speech on Ukraine, demanding an end to US involvement in foreign conflicts. The protesters chanted slogans, held up signs, and unfurled a banner that read "No More War." Blinken confronted the protesters, strongly defending the US support for Ukraine against Russia's invasion.

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From The Hindu Archives, May 22, 1974: Canada suspends nuclear aid to India

Canada has suspended nuclear aid to India due to diversion of Canadian-supplied uranium and heavy water to a non-peaceful purpose. India has expressed regret over the suspension and stated that Canada's concerns are unfounded. The suspension has caused a setback to India's nuclear program.

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NMC serves notice on Idukki MCH

The National Medical Commission (NMC) has served a notice to the Idukki Medical College Hospital (MCH) for violating the norms and "grave lapses" in patient care. The notice highlights issues with infrastructure, patient safety measures, and a shortage of faculty. The MCH has been given two weeks to respond to the notice and provide a detailed explanation of the situation. Failure to comply may result in further action, including the suspension of the hospital's recognition.

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SC's posers for Soren on plea against arrest | India News - Times of India

The Supreme Court has asked Jharkhand CM Hemant Soren to respond to a plea against his arrest in a money laundering case. The plea alleges that Soren used his position to allot land to himself and his family, causing a loss to the exchequer. The court has sought a response by August 12.

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Israel takes back order to cut AP live Gaza video feed - Times of India

Israel has rescinded its order to cut off Associated Press's live video feed from Gaza. The Israeli military said the order was issued "in error" and that there was "no intention to disrupt media coverage." AP expressed relief and said it was "working to restore" its service.

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PM Modi will reclaim Pakistan-occupied Kashmir: Shivraj Singh Chouhan

Madhya Pradesh Chief Minister Shivraj Singh Chouhan asserted that Prime Minister Narendra Modi will reclaim Pakistan-occupied Kashmir (PoK) for India. He stated that India's sovereignty extends to the entire Jammu and Kashmir region, including PoK. Chouhan's remarks were made at a rally in support of the Bharatiya Janata Party (BJP) candidate for the by-election in Madhya Pradesh's Damoh district.

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