An economy (from Greek οίκος – “household” and νέμoμαι – “manage”) is an area of the production, distribution and trade, as well as consumption of goods and services by different agents. Understood in its broadest sense, ‘The economy is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources’. A given economy is the result of a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure and legal systems, as well as its geography, natural resource endowment, and ecology, as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of human practices and transactions. It does not stand alone.
KOLKATA: Lakshmi Vilas Bank and non-bank lender Clix Capital, who have been exploring merger, have mutually decided to extend the deadline for completing the mutual due diligence till September 14. The previous deadline is expiring on Friday. Auditors of the bank, meanwhile, have cast doubts on whether the bank can continue as a going concern … Read more
HYDERABAD: Andhra Pradesh on Thursday reported a new record highest single-day new Covid positive cases of 10,167, the highest in India by any state on Thursday, taking the total to 130,557 cases. India on Thursday reported 52,123 new Covid positive cases, taking the total to 15,83,792 cases. The state over the last 24 hours suffered … Read more
New Delhi: Australia in an unambiguous message for China on Thursday stated that it opposed any attempts to unilaterally alter the status quo at LAC, which only serve to increase tension and the risk of instability. “Australia urges restraint along the Line of Actual Control (LAC), and supports continued moves towards de-escalation….It is important that … Read more
NEW DELHI: Nifty50 shed 100 points on Thursday to settle July futures & options series at 11,102. The index has been seeing selling pressure at higher levels for a few days now. Analysts said the formation of a bearish candle on the daily scale in follow-up to an indecisive Spinning Top candle in the previous … Read more
MUMBAI: Private equity fund Advent International has agreed to buy a controlling stake in Hyderabad-based API manufacturer Ra Chem Pharma from its parent Bangalore-based Micro Labs in a deal valuing the company for about Rs 1300 crore, said multiple people aware of the development. The US private equity fund is understood to have pipped a … Read more
What saves Reliance is that Jio will probably stand out among the segments in terms of year-on-year as well as quarter on quarter performance, says Probal Sen, Senior V-P Research, Centrum Broking. We have already seen so much of a build up but which are some of the factors or numbers that you will keenly … Read more
Mumbai: Brokerages have a mixed view on Maruti Suzuki India after the car maker reported a net loss of Rs 249.4 crore for the June quarter-its first loss in 17 years. Antique, CLSA, and Kotak Institutional Equities maintained sell rating on Maruti, while Investec downgraded the stock to sell. Nomura has maintained hold recommendation. Emkay … Read more
TOKYO: U.S. defence company Raytheon is lobbying Japanese lawmakers to replace Lockheed Martin Corp as the supplier of powerful radars as Tokyo reconsiders plans for two Aegis Ashore missile defence sites, three sources said. “It’s game on,” said one of the sources, who has direct knowledge of Raytheon’s lobbying campaign. Raytheon’s pitch includes a proposal … Read more
Lucknow: BSP President Mayawati on Thursday said the Sushant Singh Rajput death case was getting “murkier” by the day, and favoured a CBI probe into the matter to ensure justice for the bereaved family. Sushant, 34, was found hanging from the ceiling of his apartment in suburban Bandra in Mumbai on June 14 and since … Read more
PUNE: Sugarcane growers in southern India are increasingly opting for harvesting machines as they fear the coronavirus crisis will prevent the migrant workforce from returning in time for the October harvest. The anticipated labour shortage is expected to see farmer entrepreneurs in the sugarcane belt place orders for more than 200 new harvesting machines, each … Read more