Category: News

  • Thousands Leave U.S. Energy Department Under Trump’s Resignation Offers

    Thousands Leave U.S. Energy Department Under Trump’s Resignation Offers

    More than 2,600 employees at the U.S. Department of Energy (DOE) have decided to accept the resignation offers from the Trump administration, according to two sources. This number is over double the 1,217 workers who took the first offer back in January. The offer is open for more staff over 40 years old for an extra 45 days, which means more people might choose to leave soon.

    In January, the Trump administration made these offers to around 2 million federal workers, including those at the DOE, as part of a plan to reduce the size of the government. The DOE has about 17,000 workers, and the resignations have affected important offices that help manage the U.S. power grid and provide loans for new energy projects.

    Energy Secretary Chris Wright sent an email to employees, saying that more workers might be let go to fit the goals set by President Trump. He mentioned that some key workers, such as those focused on safety and national security, may not be able to take this offer to resign.

    A spokesperson for the DOE said they couldn’t provide the exact number of people who took the second round of offers yet, as the deadline was recently extended. They also said that all resignation requests need to be approved. Many staffers from the Policy Office, the Grid Deployment Office, and the Loan Programs Office, as well as other affected offices, have decided to leave.

  • BHEL Partners with Italy’s Nuovo Pignone for Fertiliser Sector Growth

    BHEL Partners with Italy’s Nuovo Pignone for Fertiliser Sector Growth

    Bharat Heavy Electricals Ltd (BHEL) is making headlines on Friday after signing an important agreement with an Italian company called Nuovo Pignone International. This agreement, known as a Memorandum of Understanding (MoU), focuses on working together to improve compressors used in India’s fertiliser industry. The MoU, which started on April 9, 2025, will last for 10 years unless both companies decide to extend it.

    In this partnership, BHEL will lead the bidding for projects to upgrade compressor systems, while Nuovo Pignone will provide specific tools and support. There’s no sharing of company ownership or upfront payments in this deal. BHEL aims to grab around 50% of the market in this area, helping them strengthen their role in fixing and maintaining equipment used in agriculture.

    In February, BHEL also received a big order worth Rs 6,200 crore from Damodar Valley Corporation (DVC) for work at a thermal power plant in West Bengal. This includes supplying, setting up, testing, and starting up steam generators and related systems.

    Currently, BHEL shares have a target price of Rs 213, which suggests a slight increase of 1% from today’s price. Out of 18 analysts, most suggest holding onto the stock. BHEL’s relative strength index (RSI) is 54.6, which shows it’s in a neutral position. The stock is currently below its moving averages for several days but above for some shorter periods.

    Recently, BHEL shares closed at Rs 211.8, up by 0.4%. While the stock has dropped 20% in the last six months, it has soared by 200% over the last two years, and the company’s market value is around Rs 73,750 crore.

    (Disclaimer: The opinions and recommendations in this article are from various experts and do not necessarily represent the views of NiftyStat.)

  • Olive Ridley Turtles: Discovering Their Ancient Legacy

    Olive Ridley Turtles: Discovering Their Ancient Legacy

    A 16-year study on Olive Ridley turtles found that the turtles in the Indian Ocean are among the oldest in the world. The research, titled “Monitoring Sea Turtles in India 2008-2024,” was done by the Wildlife Institute of India and the Centre for Cellular and Molecular Biology. It was published by the Indian Institute of Science and DakShin Foundation in Bengaluru.

    Olive Ridley turtles are the smallest sea turtles, and they lay their eggs on the beaches of Rushikulya and Gahirmatha in Odisha. Last month, over 1.3 million Olive Ridley turtles came to the Rushikulya beach to lay eggs, breaking the previous record of 1.15 million.

    The scientists involved in the research looked at the genetics of sea turtles along India’s coast and its nearby islands. They discovered that the turtles in the Indian Ocean, especially along the eastern coast of India, are the most ancient Olive Ridley populations. In contrast, populations in the Atlantic and Pacific Oceans likely moved there only hundreds of thousands of years ago.

    Before this study, many believed that when the Isthmus of Panama formed 3 million years ago, it divided Olive Ridley turtles into two groups: one in the Atlantic and one in the Pacific. But this new research shows that the oldest turtles are actually in the Indian Ocean. It implies that these turtles survived a global climate change event 3-4 million years ago before populations eventually moved back to the Atlantic and Pacific oceans.

    The study also mentioned that as the Earth’s temperature rises, sea turtle populations could become more female-dominated. Researchers have been monitoring the temperatures of nests and the sex of hatchlings at Rushikulya, which is the largest nesting ground in India. They found that about 71% of the hatchlings are female.

    However, researchers are still trying to understand why mass nesting (called arribada) doesn’t happen every year. They need more data over 15-20 years to see if there is a pattern. The reasons behind the triggering of these mass nesting events are still a mystery.

  • Hedge Funds Lag Behind as Trump Pauses Tariffs: Key Insights

    Hedge Funds Lag Behind as Trump Pauses Tariffs: Key Insights

    Global long/short hedge funds missed out on a big stock market jump on Wednesday when U.S. President Donald Trump said he would pause some tariffs for 90 days. On that day, these hedge funds made a small gain of 0.98%, while the S&P 500 jumped by a stunning 9.5%, according to data from Morgan Stanley.

    U.S. hedge funds did better than their global counterparts, with a gain of 2.28%, but they still didn’t do as well as the S&P 500. Trump’s announcement caught many by surprise. Just a day earlier, investors were worried that new trade rules could hurt the economy, leading to a sell-off in U.S. Treasury bonds. However, after Trump’s news, stock prices soared, and bond yields fell a little.

    Many hedge funds had short positions, betting that prices would go down. Last week, they sold a lot of stocks, marking the biggest sell-off in almost 15 years, and were the most pessimistic they’d been since 2011, according to Goldman Sachs. With fewer stocks they expected to rise, hedge funds couldn’t take full advantage of the market rally.

    After Trump’s announcement, some of these hedge funds tried to cover their short bets, as explained by Jon Caplis, CEO of a hedge fund research firm called PivotalPath. Still, long/short hedge funds were doing better than the S&P in 2025. From the start of the year until April 10, global hedge funds were down 3.14%, while U.S. funds fell 4.07%. In the same timeframe, the S&P 500 dropped by 6.9%.

    Investors also seemed worried and continued to reduce their risk by cutting down on their investments.

  • Telangana Court Confirms Death Penalty for Dilsukhnagar Bombers

    Telangana Court Confirms Death Penalty for Dilsukhnagar Bombers

    The Telangana High Court has decided that the harshest punishment is needed for serious acts of terror. This was clear when they upheld the death penalty for five men connected to the 2013 Dilsukhnagar bombings in Hyderabad. These bomb blasts tragically killed 18 people and injured 131 more at a busy shopping area.

    The court described the attackers’ actions as “calculated savagery” and said they did it to create fear in society. In a lengthy 357-page ruling, the judges stated that such terrible acts deserve the toughest punishment under the law. This is because terror attacks threat the safety of everyone.

    The court’s judges, K Lakshman and P Sree Sudha, emphasized the need for strong justice when innocent people are harmed. They labeled the bombings as “acts of war” against the country. The judges noted that the crime was not just about harming people, but it was also a serious challenge to the nation’s safety.

    The five men—Asadullah, Tabrez, Zia, Mohd Tahseen, and Ajaz—were found guilty of planning these terrible attacks, which involved advanced explosives and were done in a very organized way. The court said these crimes, committed on February 21, 2013, were shocking and showed extreme bad intentions.

    Although the court looked at reasons like mental health reports and chances for rehabilitation, they decided that this case met all the criteria to impose the death penalty according to Supreme Court guidelines. The judges stressed that when a crime is so shocking, society demands the strongest punishment. This isn’t just about getting back at the criminals, but about showing that justice is important.

  • NIA Officers Leading Extradition of Mumbai Attack Suspect Tahawwur Rana

    NIA Officers Leading Extradition of Mumbai Attack Suspect Tahawwur Rana

    New Delhi: The National Investigation Agency (NIA) has chosen two senior police officers from Jharkhand, Ashish Batra and Jaya Roy, to help bring back Tahawwur Hussain Rana. Rana is a key suspect in the Mumbai attacks of 2008 and is currently in the United States.

    Ashish Batra is a senior officer who has been with the NIA since 2019. He is very experienced, having held important positions in Jharkhand, including leading an anti-insurgency unit called Jharkhand Jaguar. He’s known for his hard work and determination. For example, if he captures 4 out of 10 criminals, he won’t celebrate. Instead, he’ll focus on catching the remaining 6.

    Jaya Roy, who joined the police force in 2011, is currently a deputy inspector general in the NIA. Before joining the police, she worked as a doctor at AIIMS. She’s recognized for her skills in handling cybercrime, especially in Jamtara, where she made a big difference despite challenging circumstances.

    Both officers are committed to catching criminals and improving safety in India.

  • Trump Raises Tariffs on China to 145%: What You Need to Know

    Trump Raises Tariffs on China to 145%: What You Need to Know

    US President Donald Trump announced on Thursday that he will increase taxes on Chinese goods to 145%. This decision came after China responded by adding its own high taxes of 84% on American products. This information was shared in a memo from the White House.

    Earlier this year, Trump had already placed a 20% tax on some Chinese items, blaming China for being involved in the illegal drug trade, especially with fentanyl. Just a day before this new announcement, he had raised the tax to 125%. The goal of these moves is to fix the trade imbalance between the US and China and to respond to China’s actions against American products.

  • China Limits Hollywood Films After US Tariff Dispute

    China Limits Hollywood Films After US Tariff Dispute

    China announced on Thursday that it will limit the number of Hollywood movies it imports. This decision is a response to President Trump’s increase in tariffs on Chinese goods. While this might seem like a big deal, experts say it won’t have much effect because Hollywood’s popularity in China has dropped a lot over the years.

    For many years, China allowed 10 Hollywood films to be shown each year. Now, American movies make up only 5% of the total box office earnings in China. In fact, domestic films have become much more popular, bringing in around 80% of the box office income.

    Chris Fenton, an expert in entertainment, commented that reducing U.S. films is a way for China to show its power without facing much risk. Although some big Hollywood movies like Disney’s “Thunderbolts” will still be shown this summer, it’s uncertain if more will follow.

    While this news might sound bad for Hollywood, some sources, like IMAX, believe the impact will be small. They say there are still chances for both Hollywood and Chinese films to succeed in the market. Overall, local films have been getting more attention, making it hard for American films to compete.

    Fenton also pointed out that in the past, movies like “Titanic” and “Avatar” did very well in China. However, nowadays, only one imported film, “Avengers: Endgame,” is in the top 20 highest-grossing films in China.

  • Sgamma Withdraws Nomination: Loyalty and Politics in Trump’s Administration

    Sgamma Withdraws Nomination: Loyalty and Politics in Trump’s Administration

    BILLINGS, Mont. — Kathleen Sgamma, President Trump’s choice to lead the Bureau of Land Management, has decided to step down from her nomination. This happened just before her confirmation hearing. The reason? In 2021, Sgamma publicly criticized Trump for his role in the Jan. 6 attack on the U.S. Capitol.

    During her comments, she expressed her disgust over the violence that occurred and how Trump spread misinformation that led to it. Former Interior Secretary David Bernhardt said Sgamma’s withdrawal was “self-inflicted” and suggested that people who don’t fully agree with Trump should avoid seeking political jobs.

    The Bureau of Land Management is in charge of overseeing 250 million acres of public land, including oil and gas development, mining, grazing, and recreation areas. Sgamma had a history in the oil and gas industry and seemed ready to support Trump’s plans to ease restrictions on energy projects, especially in the West.

    Sgamma’s departure highlights how the Trump administration has emphasized loyalty from those in power. Aaron Weiss, an advocate for environmental policies, noted that being honest and realistic with the White House can hurt your chances in politics.

    This agency plays a vital role in deciding how government-owned lands are used. Under President Biden, drilling and mining on federal lands were limited, while renewable energy projects were expanded. Now, Trump is reversing those changes. This week, officials announced they would not look closely at the environmental impacts of oil and gas leases in several western states, furthering energy development.

    Additionally, Trump signed an order to restart coal production, lifting Biden’s ban on new coal sales on federal lands. In Trump’s second term, the Bureau of Land Management had about 10,000 workers, but it saw long periods without a confirmed leader. Trump even moved its headquarters to Colorado before bringing it back to D.C. under Biden.

    The Senate energy committee Chairman, Mike Lee from Utah, announced Sgamma’s withdrawal and said he would help find a new nominee because the bureau’s work affects many Americans, especially in the West. Last year, Utah officials tried to gain control of the Bureau’s lands but were denied by the U.S. Supreme Court.

  • Vinesh Phogat Chooses ₹4 Crore Cash After Olympic Disqualification

    Vinesh Phogat Chooses ₹4 Crore Cash After Olympic Disqualification

    Wrestler and politician Vinesh Phogat has accepted a cash prize of ₹4 crore from the Haryana government. This is the same amount given to Olympic silver medalists. Vinesh, who is 30 years old, was disqualified from the 2024 Paris Olympics for being overweight right before a big match. After this disappointment, she announced her retirement from wrestling.

    Vinesh is a three-time Olympian and has been a strong voice against the former leader of the Wrestling Federation of India, Brij Bhushan Singh. Last year, after leaving wrestling, she won a seat in the Haryana assembly elections as a member of the Congress party.

    Recently, Haryana’s chief minister, Nayab Singh Saini, said that Vinesh would receive benefits like those of Olympic medalists. Vinesh chose the cash prize of ₹4 crore instead of other options, such as a job and a plot of land. She informed the state sports department about her choice.

    In March, Vinesh reminded the chief minister about his promise to honor her after her Olympic disqualification. She mentioned that it wasn’t just about the money, but about receiving respect for her achievements in sports. The chief minister called her “Haryana’s pride” and promised to ensure she gets the respect she deserves.