MUMBAI: The sensex on Thursday tanked 836 points as the euphoric rally stemming from Trump’s win in the US presidential election dissipated. The benchmark index retreated below the 80K mark again to settle at 79,541 points as foreign portfolio investors offloaded Indian equities worth Rs 4,889 crore. On the other hand, domestic institutional investors remained…
MUMBAI: Rural consumption of FMCG products like atta and soap, driven by a good monsoon season, grew at more than double the pace of urban in the Sept quarter, where middle class people have curtailed expenses due to high food inflation.The fast moving consumer goods (FMCG) industry recorded a volume growth of 2.8% in urban…
MUMBAI: The rupee dropped to a fresh low against the dollar on Thursday, pressured by sales from foreign portfolio investors in the equity markets and a stronger dollar, amid expectations that Donald Trump’s US presidential win would boost the American currency. The rupee touched 84.38 during the session before settling at 84.37, marking a 0.1%…
Medical colleges figure disproportionately in the list of complaints to UGC’s anti-ragging cell, but anti-ragging activists complain that the complaints don’t always lead to action. They cite the complaint filed by first year students of JLN Medical College in Raipur about being forced to tonsure their heads and being slapped and physically harassed in the…
MUMBAI: Indian philanthropists donated a total of Rs 8,783 crore in FY24, just 4% higher than the Rs 8,445 crore given in FY23 and a 55% jump from Rs 5,623 crore in FY22, according to the EdelGive-Hurun India Philanthropy List 2024. Shiv Nadar retained the ‘India’s Most Generous’ title for 2024, donating Rs 2,153 crore…
NEW DELHI: The Insolvency & Bankruptcy Board of India has proposed that authorities permit registration of properties owned by real estate companies facing insolvency action – a move that will benefit lakhs of homebuyers who have taken possession of apartments or houses where occupancy or completion certificates have been issued.It has cited two rulings –…
NEW DELHI: Hopes of Jet Airways getting fresh wings crashed on Thursday as the Supreme Court ordered its liquidation, with the successful bidder – Jalan Kalrock Consortium – failing to deposit even the first tranche of Rs 350 crore of the Rs 4,783 crore resolution plan for years, thereby burdening SBI-led lenders with huge financial…
NEW DELHI: With stubble burning likely to peak in the next few days, the environment ministry has doubled the penalty for burning paddy crop residue by farmers. The revised fines range from Rs 5,000 to Rs 30,000 per incidence, depending on the size of the offender’s farm.The revised penalty will be imposed on violators with…
MEA spokesperson Randhir Jaiswal (Pic credit: PTI) NEW DELHI: India called out Canada for what it described as Ottawa’s “hypocrisy” on freedom of speech in blocking a publication based in Australia – Australia Today – that highlighted foreign minister S Jaishankar’s remarks against Canada this week in Canberra. The govt also said Canada had not…
NEW DELHI: IAF, Navy and Coast Guard have initiated the process to scrap their agreements with cab aggregator Uber as a precautionary step after some cyber security experts red-flagged the risks of potential data exposure and location tracking of military personnel and their families using the service. IAF on Oct 18 signed an agreement with…
