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  According to a study conducted by the International Monetary Fund (IMF), Indian firms have the highest corporate debt vulnerability among Asian countries. This vulnerability refers to the likelihood of defaulting on debt payments. The study indicates that a significant portion of corporate debt in India, China, and Thailand is held by firms with low interest coverage ratios, which signifies their susceptibility to default. In the case of India, around 31.1 percent of corporate debt is held by firms that are at risk of default. An additional 32.6 percent of debt falls into the category of firms with interest coverage ratios between one and four, implying that this debt could potentially become vulnerable to default if borrowing costs rise. Thailand has 28.03 percent of its corporate debt concentrated in firms with interest coverage ratios below one, while in China, it is 25.8 percent. On a global scale, approximately 16.8 percent of corporate debt is held by firms susceptible to d...

  In ancient times, India was a knowledge society that excelled in various fields like mathematics, medicine, metaphysics, and astronomy. Interestingly, much of this knowledge was documented in Sanskrit, one of the oldest languages in the world. However, it's intriguing to note that this knowledge later resurfaced as "discoveries by Western scientists" after several thousand years. The chairman of the Indian Space Research Organisation (ISRO), S. Somnath, recently emphasized the significance of Sanskrit at a university event. He highlighted that Sanskrit encompassed a wide range of subjects, including poetry, logic, grammar, philosophy, science, technology, and mathematics. Mr. Somnath mentioned a Sanskrit book called "Surya Sidhanta," which discussed the solar system and planetary movements. It's fascinating to learn that the knowledge recorded in Sanskrit spread to different parts of the world, only to return to India as discoveries made by Western scienti...

Mamata Banerjee's nephew, Abhishek Banerjee, who is a Member of Parliament (MP) from West Bengal. The Central Bureau of Investigation (CBI) has issued a summons to Abhishek Banerjee to appear for questioning regarding a scam related to the recruitment of primary school teachers in the state. Abhishek Banerjee received the notice from the CBI after the Calcutta High Court rejected his request for relief against an order allowing the CBI and the Enforcement Directorate (ED) to interrogate him in connection with the scam. The CBI's anti-corruption branch, which has been investigating the case, has directed Abhishek Banerjee to appear at their Kolkata office on Saturday morning. Abhishek Banerjee stated that despite not receiving prior notice, he will comply with the summons as he believes he has done nothing wrong. He also challenged the CBI to arrest him if they have any evidence of corruption or misconduct. He expressed his willingness to cooperate with the investigation. Abhish...

 "RBI Withdraws ₹2,000 Notes, Sets ₹20,000 Exchange Limit for Smooth Transition." The Reserve Bank of India (RBI) has made an announcement regarding the withdrawal of ₹2,000 currency notes from circulation. However, the existing ₹2,000 notes will still be considered valid legal tender. People can either deposit these notes into their bank accounts or exchange them for other denominations until September 30. To ensure convenience and prevent disruptions at bank branches, the RBI has set a limit for exchanging ₹2,000 notes. Starting from May 23, 2023, individuals can exchange up to ₹20,000 worth of ₹2,000 notes at a time in any bank. Banks have been instructed to stop issuing ₹2,000 notes immediately. Additionally, the RBI's 19 Regional Offices will provide the facility to exchange ₹2,000 notes up to the limit of ₹20,000 at a time starting from May 23. The ₹2,000 denomination notes were introduced in November 2016 to meet the immediate currency requirements after the wit...

  A recent wave of layoffs has impacted the workforce of a prominent tech company, Oracle, as over 3,000 employees were let go. This information was revealed by some of the affected workers. Amazon has also carried out layoffs in the Indian market.In recent months, several prominent tech companies, including Facebook, Google, Amazon, and others, have implemented large-scale layoffs, resulting in the termination of thousands of employees. This trend has not been limited to the tech industry alone, as companies like Vodafone and Twitter have also undergone significant downsizing efforts. Unfortunately, the wave of jobThe source further reports that the layoffs have impacted multiple teams within the company, including marketing, engineering, accounting, legal, and product departments. This information was shared by a former employee who is familiar with the situation. Although Oracle has not officially confirmed the layoffs, multiple employees knowledgeable about the matter have alle...