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.
Our US partners are also very keen to start a trial of the psoriasis drug on severe Covid-19 patients in the US, says Chairperson & MD, Biocon. Last weekend you had a news flow which you shared with your shareholders and more importantly with all the consumers that there is a drug which was used … Read more
NEW DELHI: Newly elected members of Rajya Sabha will take oath on July 22 in the House chamber, sources said on Friday. This is the first time that oath-taking of members will take place in the House chamber during the inter-session period so as to maintain norms of physical distancing due to COVID-19, officials said. … Read more
Gold steadied near the psychological level of $1,800 on Friday after a sharp fall in the previous session, as worries over surging coronavirus cases and US-China tensions underpinned its safe-haven appeal, although a stronger dollar capped gains. Spot gold was up 0.1 per cent at $1,799.18 per ounce by 0710 GMT. US gold futures were … Read more
NEW DELHI: YES Bank‘s Rs 15,000 crore follow-on public offer saw 52 per cent subscription by midday of Day 3, the last day of the bidding process. By 11.45 am, the issue had attracted bids for 4,77,19,82,000 shares, 52 per cent of the issue size of 9,09,97,66,899 shares, data compiled from BSE and NSE showed. … Read more
Twitter Inc said late on Thursday that hackers targeted about 130 accounts during the cyber attack this week, an incident in which profiles of many prominent personalities and organizations were compromised. Twitter said that the hackers were able to gain control of a small number of accounts and send tweets from them. The company added … Read more
After a spate of bad news, debt fund investors have reason to cheer. Last week, some funds with segregated portfolios containing Vodafone Idea bonds received the full value of the principal due, with interest. The recovery meant money tied up in units in the segregated portfolios was returned to unitholders immediately. While this is welcome … Read more
By David E Sanger, Nicole Perlroth and Nick Corasaniti Over the past year, government officials have raced to help states replace voting machines that leave no paper trail, and to harden vulnerable online voter registration systems that many fear Russia, or others, could hijack to trigger chaos on Election Day. But this week, the country … Read more
NEW DELHI/ BENGALURU: Oyo Hotels & Homes has terminated leases at two of its flagship corporate offices in Gurugram and is renegotiating the lease on a third, sources told ET, as the cash-strapped hospitality chain — battered by low occupancies due to the Covid-19 pandemic – moves to save on real estate costs. The SoftBank-backed … Read more
NEW DELHI: India and China reaffirmed their commitment to disengage along the Line of Actual Control (LAC) after the fourth round of talks between military commanders, but sources warned that a speedy resolution is difficult and more engagements will be required. Two days after corps commander-level talks, the army said in an official statement that … Read more
New Delhi: In his first remarks on the appointment of election commissioner Ashok Lavasa as Asian Development Bank vice-president, chief election commissioner Sunil Arora said the poll panel’s loss is ADB’s gain. “EC’s loss is ADB’s gain,” CEC Arora told ET on Thursday. Lavasa, a 1980 batch IAS officer of the Haryana cadre, was expected … Read more