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Gold prices fall as rise in Sensex, Nifty boost risk appetite

As stock markets gained slightly of late, improving investor appetite for risk, gold plunged on Monday with a slightly stronger US dollar also sapping bullion’s appeal. (Reuters) As stock markets gained slightly of late, improving investor appetite for risk, gold plunged on Monday with a slightly stronger US dollar also sapping bullion’s appeal. The spot …

Gold prices fall as rise in Sensex, Nifty boost risk appetiteRead More »

Twist in senior UP lawmaker’s son’s death, police arrests mother of Abhijeet Yadav – here’s what is known so far

Abhijeet’s body was found under mysterious circumstances at the official residence of Ramesh Yadav in Darul Shafa. The shocking death case of Uttar Pradesh Legislative Council Chairman Ramesh Yadav’s son Abhijeet Yadav took a new turn on Monday. To many people’s surprise, the police arrested Abhijeet’s mother, Meera Yadav, in the case after the postmortem …

Twist in senior UP lawmaker’s son’s death, police arrests mother of Abhijeet Yadav – here’s what is known so farRead More »

BJP’s H Raja apologises to Madras HC for remarks against judiciary, police

Raja was seen making repeated derogatory remarks at the court and telling police officers that they are against Hindus. Bharatiya Janata Party National Secretary H Raja Monday tendered an “unconditional apology” to the Madras High Court for making derogatory remarks against the judiciary and police. The court, which had initiated a suo moto action in …

BJP’s H Raja apologises to Madras HC for remarks against judiciary, policeRead More »

BJP may deny tickets to many MLAs in Rajasthan, Madhya Pradesh to stave off anti-incumbency

The party has already denied tickets to 14 of the 49 legislators who had won last time. (Reuters) The BJP is likely to deny tickets to many sitting MLAs in Madhya Pradesh and Rajasthan, the two states it had swept in 2013 but where it is now facing a renewed challenge from the Congress, in …

BJP may deny tickets to many MLAs in Rajasthan, Madhya Pradesh to stave off anti-incumbencyRead More »

IL&FS Revival Plan Could Include Stake Sales, Says Government Official

New Delhi/Mumbai:  The new board of debt-laden Infrastructure Leasing and Financial Services (IL&FS) will come up with a revival plan for the lender that could include selling stakes in some of its businesses, a government official said. The official, who declined to be named, ruled out any budgetary support for IL&FS, an infrastructure financing and …

IL&FS Revival Plan Could Include Stake Sales, Says Government OfficialRead More »

India’s groundnut output may fall 29% this kharif season on lower rainfall

In a major impediment to India’s goal of achieving self-reliance in edible oil, the country’s groundnut output is likely to decline by a staggering 29 per cent this kharif season due to deficient rainfall in major producing states including Gujarat, Karnataka and Maharashtra.A study conducted by the apex industry body the Solvent Extractors’ Association (SEA) …

India’s groundnut output may fall 29% this kharif season on lower rainfallRead More »

Trump says he’s reducing Central American aid over migrants

1 Trump says he’s reducing Central American aid over migrants Saudi operative seen in Khashoggi’s clothes after he was killed: Report Working with Trump ‘not always simple’: Justin Trudeau How Blackstone landed $20 billion from Saudis for infrastructure GOP fight over leadership after November vote to be messy Both sides ignoring swing voters in hot …

Trump says he’s reducing Central American aid over migrantsRead More »

Russia pledges to act to ‘restore’ military balance if US quits nuclear arms pact

MOSCOW: Russia said on Monday it would be forced to respond in kind to restore the military balance with the United States if President Donald Trump carried through on a threat to quit a landmark nuclear arms treaty and began developing new missiles. Trump drew a warning of “military-technical” retaliation from Moscow after saying on …

Russia pledges to act to ‘restore’ military balance if US quits nuclear arms pactRead More »

Asian Paints Q2 Profit Falls 14%, Misses Street Estimates

Asian Paints on Monday posted a 14.4 per cent fall in second-quarter profit, which missed analysts’ estimates, hurt by higher expenses. Net profit fell to Rs 493 crore ($67.02 million) in the September-quarter from Rs 576 crore a year earlier, the company said in a statement. Analysts, on an average, had expected the Mumbai-based company …

Asian Paints Q2 Profit Falls 14%, Misses Street EstimatesRead More »

Rupee Reverses Gains To Close At 73.56 Against Dollar: 10 Things To Know

On Friday, the rupee had settled 29 paise higher at 73.32 against the dollar The rupee gave up early gains to close at 73.56 against the dollar on Monday. That marked a loss of 24 paise, or 0.3 per cent, in the rupee against the greenback as against the previous close of 73.32. Capital outflows …

Rupee Reverses Gains To Close At 73.56 Against Dollar: 10 Things To KnowRead More »

Government-appointed panel suggests UN model law for cross-border insolvency cases

NEW DELHI: A high level committee has recommended adoption of a United Nations model law along with some carve outs for dealing with cross-border insolvency cases, an official release said Monday. The Corporate Affairs Ministry said inclusion of cross-border insolvency chapter in the Insolvency and Bankruptcy Code (IBC) would be a major step forward and …

Government-appointed panel suggests UN model law for cross-border insolvency casesRead More »

Net direct tax collection grows 15.7% to Rs 4.89-lakh crore: CBDT

The net direct tax collection in the country grew by 15.7 per cent on year-on-year basis to reach Rs 4.89 lakh crore in the current fiscal till third week of October, a senior official on Monday quoting from the latest data. This marks over 42 per cent of the full-year direct tax collection target of …

Net direct tax collection grows 15.7% to Rs 4.89-lakh crore: CBDTRead More »

IL&FS board appoints 3 advisors to develop resolution plan

Arpwood Capital and JM Financial have been appointed as the financial and transaction advisors (FTAs), while Alvarez and Marsal (A&M) as the restructuring advisor to the company’s board, according to a release. The newly constituted board of Infrastructure Leasing and Financial Services (IL&FS) Monday said it has appointed three advisors to formulate and execute a …

IL&FS board appoints 3 advisors to develop resolution planRead More »

Deepika Padukone, Ranveer Singh: From relationship to career; Check little known details

With their post, the couple had put to rest the speculations doing round about their relationship. (The Indian Express) Her fans love her for being real, grounded and humble despite achieving heights of success and stardom. His infectious energy is something people take inspiration from and his quirkiness makes him one of the most versatile …

Deepika Padukone, Ranveer Singh: From relationship to career; Check little known detailsRead More »

China drops ban on rapeseed meal from India

Rapeseed meal shipments from India can resume from Monday if they meet certain inspection and quarantine requirements, the General Administration of Customs said on its website. (Reuters) China has dropped a years-long ban on rapeseed meal imports from India as the government seeks to diversify sources of protein used in animal feed, the customs administration …

China drops ban on rapeseed meal from IndiaRead More »

NCLT approves 45 resolution plans, orders 19 liquidations in 2 years of IBC

The National Company Law Tribunal (NCLT) has sanctioned 45 resolution plans almost two years after the first set of insolvent corporates were taken for proceedings under the Insolvency and Bankruptcy Code (IBC), according to a report by Debtwire Asia.Further, the NCLT has ordered for the liquidation of 19 companies since proceedings under the IBC officially …

NCLT approves 45 resolution plans, orders 19 liquidations in 2 years of IBCRead More »

MFIN proposes common code of conduct for banks and NBFCs in microlending

Given the aggressive lending by banks and financial institutions in the microfinance space, MFIN (microfinance institution network), the representative body of MFIs, is planning to bring on board banks, NBFCs (non-banking finance companies) and SFBs (small finance banks) to enter an agreeable code of conduct, limiting the indebtedness of borrowers.With multiple financial institutions chasing same …

MFIN proposes common code of conduct for banks and NBFCs in microlendingRead More »

Kremlin says world ‘more dangerous’ if US drops nuclear treaty

The treaty was signed by then US president Ronald Reagan and Mikhail Gorbachev, the last Soviet leader, who at the weekend also criticised plans to pull out. (Reuters) The Kremlin on Monday said the world would be less safe if Washington goes ahead with plans to withdraw from a Cold War-era nuclear weapons treaty that …

Kremlin says world ‘more dangerous’ if US drops nuclear treatyRead More »

Super Hornet’s Make in India Programme: SASMOS delivers 1000th F/A-18 electrical panel assembly to Boeing

This marks a significant milestone in the `Make in India’ initiative and underscores the importance of Indian manufacturers in building the future of aerospace and defense globally. (Representational Image) Bangalore based SASMOS HET Technologies Limited, a leading manufacturer of wiring harness, electro-mechanical assemblies and unit integration products delivered for the US aerospace giant Boeing Company’s …

Super Hornet’s Make in India Programme: SASMOS delivers 1000th F/A-18 electrical panel assembly to BoeingRead More »

AirAsia offer: Now, HDFC bank users can avail up to 20% discount on flight tickets; check details

In addition, AirAsia BIG Members can also redeem flights using their AirAsia BIG Points. (Reuters) AirAsia-HDFC Bank offer: In collaboration with HDFC Bank, budget carrier AirAsia has announced a special discount of up to 20 percent on flight tickets for the flyers.  The offer is valid from October 22 to October 28, 2018 for a …

AirAsia offer: Now, HDFC bank users can avail up to 20% discount on flight tickets; check detailsRead More »

Average income of salaried, non-salaried & corporate taxpayers rises over last 3 years, says CBDT

The number of salaried and non-salaried taxpayers saw an increase between 2014-15 and 2017-18 assessment years (AY) and it was a result of continuous efforts of the department initiated for widening and deepening the taxpayer base in the country, it said. The number of and average income declared by salaried and non-salaried categories of taxpayers …

Average income of salaried, non-salaried & corporate taxpayers rises over last 3 years, says CBDTRead More »

AIIMS PG July 2019 session registration begins at aiimsexams.org; check exam date, other details

AIIMS PG July 2019 session! AIIMS PG July 2019 session: The basic registration process for All India Institute of Medical Sciences (AIIMS)’s postgraduate programmes for the July 2019 session has begun at aiimsexams.org. Candidates who wish to apply for the same can visit the official website now and apply. The registration process for MD/MS/MDS July …

AIIMS PG July 2019 session registration begins at aiimsexams.org; check exam date, other detailsRead More »

India warns Pakistan of stern action after armed intruders attack Indian Army patrol in Sunderbani sector

The patrol killed two intruders and recovered warlike stores including two AK-47 rifles. (Representative image: Reuters) Indian Army on Monday has issued a stern warning to Pakistan Army to restrain the terrorists operating from its soil. The warning comes in wake of reports suggesting concentration of large number of terrorists in the launch pads desperate …

India warns Pakistan of stern action after armed intruders attack Indian Army patrol in Sunderbani sectorRead More »

Trouble for Kapil Dev, Govinda, Ravi Kishan! Gujarat District Forum fines Rs 8.1 Lakh in connection with fraud; read details

Former Indian cricket team captain Kapil Dev, Bollywood actors Govinda and Ravi Kishan were reportedly slapped a fine of Rs 8.1 Lakh by a consumer court in Gujarat’s Vadodara. (File) Former Indian cricket team captain Kapil Dev, Bollywood actors Govinda and Ravi Kishan were reportedly slapped a fine of Rs 8.1 Lakh by a consumer …

Trouble for Kapil Dev, Govinda, Ravi Kishan! Gujarat District Forum fines Rs 8.1 Lakh in connection with fraud; read detailsRead More »

TVS Capital completes first close for its third fund, raises Rs 8.32 bn

TVS Capital Funds Private Limited has completed the first close of the TVS Shriram Growth Fund 3, a private equity fund. The fund has raised Rs 8.32 billion of commitments entirely from domestic investors, against the targeted Rs 7 billion for its first close. The fund is targeting a total size of around Rs 10-12 …

TVS Capital completes first close for its third fund, raises Rs 8.32 bnRead More »

Ahead of verdict, Dhinakaran to sequester MLAs in resort

CHENNAI: Amid strong expectations of the Supreme Court-appointed judge delivering his verdict in the case of disqualification of 18 lawmakers loyal to TTV Dhinakaran, the MLAs are to be sequestered in a resort in Courtallam town in Tamil Nadu’s Tirunelveli district. Dhinakaran, who is VK Sasikala’s nephew, had pulled out the lawmakers from the support …

Ahead of verdict, Dhinakaran to sequester MLAs in resortRead More »

CBI arrests its Deputy SP in bribery case involving its Special Director

In an unprecedented development, the Central Bureau of Investigation (CBI) raided its own headquarters in the case involving bribery charges against is Special Director Rakesh Asthana, Times Now reported. From PTI:The CBI also arrested its Deputy Superintendent of Police Devender Kumar in connection with bribery allegations involving Rakesh Asthana. Kumar, who was earlier the investigation …

CBI arrests its Deputy SP in bribery case involving its Special DirectorRead More »

Indian Air Force plans to set up firing range at Khalia Top; locals object

It will be the first major strategic infrastructure project to come up on the Indian side close to the border after the India-China war of 1962, officials associated with the proposal said. The Indian Air Force (IAF) is planning to set up a firing range at Khalia Top, a popular tourist spot close to the …

Indian Air Force plans to set up firing range at Khalia Top; locals objectRead More »

Amritsar train tragedy: Navjot Sidhu questions clean chit to driver, eyewitnesses counter loco pilot’s stone-pelting claim

Eyewitnesses also rubbished the driver’s claim that he slowed the train. Congress leader and Punjab minister Navjot Singh Sidhu has questioned the clean chit given to the loco-pilot of the train within one day of the tragic incident in Amritsar where 59 people were mowed down by a speeding train on Dussehra evening. Defending himself, …

Amritsar train tragedy: Navjot Sidhu questions clean chit to driver, eyewitnesses counter loco pilot’s stone-pelting claimRead More »

Pakistan reopens vital Afghan border crossings for trade

Another crossing point — the Torkham border in Peshawar — was also reopened on Sunday, ending the two-and-a-half days of closure of the supply lines between the two countries. (Reuters) After remaining closed for over two days due to parliamentary polls in Afghanistan, Pakistan has reopened the friendship gate at the Afghan border in Chaman, …

Pakistan reopens vital Afghan border crossings for tradeRead More »

Net direct tax collection grows 15.7% to Rs 4.89-lakh cr, says CBDT

The present taxpayer base in the country is over 6.26 crore. The net direct tax collection in the country grew by 15.7 per cent on year-on-year basis to reach Rs 4.89 lakh crore in the current fiscal till third week of October, a senior official on Monday quoting from the latest data. This marks over …

Net direct tax collection grows 15.7% to Rs 4.89-lakh cr, says CBDTRead More »

SoftBank COO pulls out of Saudi investment conference over Khashoggi case

SoftBank Group Corp.’s Chief Operating Officer Marcelo Claure has pulled out a Saudi Arabia investment conference this week, according to a person familiar with the matter, marking another setback for the kingdom and its marquee gathering in the wake of the death of journalist Jamal Khashoggi.Claure requested that organizers of the Future Investment Initiative remove …

SoftBank COO pulls out of Saudi investment conference over Khashoggi caseRead More »

New IL&FS Board Appoints Advisers For Debt Resolution Plan

Mumbai:  The board at Infrastructure Leasing and Financial Services (IL&FS) said on Monday it has appointed two advisers for assisting them in its debt resolution exercise. The newly-appointed board has chosen advisory firms, Arpwood Capital and JM Financial Consultants, which will provide financial and transaction advisory as well as “undertake valuations across divestments and monetisation”, …

New IL&FS Board Appoints Advisers For Debt Resolution PlanRead More »

Industrial policy may leverage blockchain tech to digitise land records for easy loans to MSMEs

Use of blockchain technology to digitise land records would enhance ease of asset-based lending to micro, small and medium enterprises (MSMEs), the official said. (Reuters) The proposed industrial policy may suggest leveraging of blockchain technology to digitise land records to enable MSMEs to access easy loans against assets or properties, an official said. Use of …

Industrial policy may leverage blockchain tech to digitise land records for easy loans to MSMEsRead More »

My family migrated from India for its love for Pakistan, says Nawaz Sharif

Sharif’s father Mian Muhammad Sharif had lived in Jati Umra in Punjab’s Tarn Taran district before migrating to Lahore in 1947. (File photo) Deposed former prime minister Nawaz Sharif on Monday told a court here that he is not a traitor as his family migrated from India for its love for Pakistan. The Lahore High …

My family migrated from India for its love for Pakistan, says Nawaz SharifRead More »

Rafale deal will ‘sink’ Modi government, says Ashok Gehlot

“The Rafale deal will sink the Modi government,” Gehlot said at a press conference. (File photo) AICC general secretary and former Rajasthan chief minister Ashok Gehlot attacked Prime Minister Narendra Modi on Monday, saying the Rafale fighter jet deal will “sink” the Modi government. He claimed that Modi’s popularity graph has come down and looking …

Rafale deal will ‘sink’ Modi government, says Ashok GehlotRead More »

Despite deeper penetration, insurance gap widens in India: Lloyd’s study

Insurance penetration has improved globally during the past six years, and with the growing incidence of new risks related to climate change and the cyber world, the insurance gap has decreased, finds a study by Lloyd’s of London.Global ‘under-insurance’ or ‘insurance gap’ stands at $162.5 billion as of 2018 as against $168 billion in 2012, …

Despite deeper penetration, insurance gap widens in India: Lloyd’s studyRead More »

Giriraj Singh seeks renaming of Nitish’s native town Bhakhtiyarpur ,draws flak from ally, opponents

Bakhtiyarpur is a case in point, Singh told reporters here. (Reuters) Union minister and senior BJP leader Giriraj Singh Monday sought renaming of Bihar town Bakhtiyarpur supposedly named after Afghan military general Bakhityar Khilji, who is said to have invaded and conquered the region nine centuries ago. Situated on the outskirts of Patna, Bakhtiyarpur is …

Giriraj Singh seeks renaming of Nitish’s native town Bhakhtiyarpur ,draws flak from ally, opponentsRead More »

Reliance share price extends fall, wipes off Rs 55,000 crore in m-cap in just 2 trading sessions

Reliance share price closed Monday’s trade 3.56% lower at Rs 1,062.45 per share on the BSE. Reliance share price: Mukesh Ambani-led Reliance Industries share price slipped 4% intra-day on Monday — extending its Friday’s fall — even as weaker than expected Q2 earnings announcement continued to dampen investor sentiment. On Friday last week, RIL share price …

Reliance share price extends fall, wipes off Rs 55,000 crore in m-cap in just 2 trading sessionsRead More »

‘Padmaavat’ officially selected at 2018 Taipei Golden Horse Film Festival

The official Twitter handle of the film announced the news Monday. Sanjay Leela Bhansali’s magnum opus “Padmaavat” has been officially selected for Taipei Golden Horse Film Festival this year. The official Twitter handle of the film announced the news Monday. “Delighted, overwhelmed and incredibly blessed. #Padmaavat has been officially selected at 2018 Taipei Golden Horse …

‘Padmaavat’ officially selected at 2018 Taipei Golden Horse Film FestivalRead More »

DGAP finds Nestle profiteered Rs 100 cr, company deposits money in fund

The DGAP gives its report to the NAA for further action, which may include fine and extreme penalty like cancellation of registration. An investigation by the Directorate General of Anti-Profiteering (DGAP) has found that FMCG major Nestle India indulged in profiteering of about Rs 100 crore by not passing on GST rate cut benefit to …

DGAP finds Nestle profiteered Rs 100 cr, company deposits money in fundRead More »

Paytm lands into Japan; launches QR-based payment wallet with its billion-dollar investor SoftBank

Paytm, a market leader in payments in India, has over 300 million customers and 8 million merchants so far. Making its foray into Japan, billionaire Vijay Shekhar Sharma-led Paytm has launched PayPay, a QR based smartphone payment service in collaboration with SoftBank Corp and Yahoo Japan. Notably, Paytm had raised $1.4 billion from SoftBank last …

Paytm lands into Japan; launches QR-based payment wallet with its billion-dollar investor SoftBankRead More »

Here Are Fixed Deposit (FD) Interest Rates Offered By Top Banks

Fixed deposits (FDs) are secure investment instruments offered by banks and non-banking financial companies, which offer guaranteed returns. In a fixed deposit account, money can be invested for a higher rate of interest than savings accounts. One can deposit a lump sum of money in fixed deposits for a specific period, ranging from 7 days …

Here Are Fixed Deposit (FD) Interest Rates Offered By Top BanksRead More »

Salaried Assessees’ Average Income Up 19% In 3 Years, Says Taxman

New Delhi:  The number of salaried and non-salaried taxpayers in the country, and their average income declarations have increased over the past three years, the Central Board of Direct Taxes said on Monday. The CBDT or Central Board of Direct Taxes is the apex policymaking body of the Income Tax Department. While releasing the latest data, the taxman …

Salaried Assessees’ Average Income Up 19% In 3 Years, Says TaxmanRead More »

Anticipatory bail applicable, contemplating amendment to restore provision: Uttarakhand to SC

Uttarakhand government informed the Supreme Court on Monday that it was contemplating an amendment to restore the provision of anticipatory bail, as done by Uttar Pradesh, to enable its citizens to get pre-arrest relief. It told a bench comprising Justices S A Bobde and L N Rao that the state’s high court had last month …

Anticipatory bail applicable, contemplating amendment to restore provision: Uttarakhand to SCRead More »

Saudi operative seen in Khashoggi’s clothes after he was killed: Report

ANKARA: One person from the 15-member team suspected to be behind the death of Jamal Khashoggi dressed up in his clothes and was captured on surveillance cameras around Istanbul on the day the journalist was killed, CNN reported on Monday citing a senior Turkish official. The TV channel said it obtained exclusive law enforcement surveillance …

Saudi operative seen in Khashoggi’s clothes after he was killed: ReportRead More »

Maharashtra: President Ram Nath Kovind to inaugurate ‘Vishwa Shanti Ahimsa Sammelan’

The president and his wife, Savita Kovind, were welcomed at the Ojhar Airport here by Maharashtra Governor C Vidyasagar Rao, Chief Minister Devendra Fadnavis, Union Minister of State for Defence Subhash Bhamre and other officials. (Reuters) President Ram Nath Kovind arrived at Nashik Monday to inaugurate the three-day “Vishwa Shanti Ahimsa Sammelan” at Mangi Tungi …

Maharashtra: President Ram Nath Kovind to inaugurate ‘Vishwa Shanti Ahimsa Sammelan’Read More »

What is INF treaty? All you need to know about Donald Trump’s move to pull out of historic US-Russia pact

The INF treaty was signed between the then US president Ronald Reagan and USSR leader Mikhail Gorbachev. Russia was known as USSR before its disintegration after the cold war in the early 90s. (File photo) US President Donald Trump has announced to pull out of the Intermediate-Range Nuclear Forces Treaty (INF). As soon as the …

What is INF treaty? All you need to know about Donald Trump’s move to pull out of historic US-Russia pactRead More »

North East festival to focus on NRC

The annual event will also witness 25 of the top rock bands of Delhi’s colleges fight it out in a competition. With a variety of cuisines, refreshing cultural programmes, and discussions on important issues including the NRC list of Assam, the sixth edition of the popular North East festival is all set to begin on …

North East festival to focus on NRCRead More »

Delhi High Court allows AAP government to procure 500 standard floor buses

The bench dismissed the petition by a differently-abled person, Nipun Malhotra, who had filed two PILs challenging the Delhi government and the DTC’s decision to buy standard floor buses (SFBs) instead of low floor buses (LFBs) for the national capital. The Delhi High Court on Monday allowed the AAP government to procure 500 standard floor …

Delhi High Court allows AAP government to procure 500 standard floor busesRead More »