Mumbai: The rupee slumped to its all-time low of 84.76 (provisional) against the US dollar after dropping 8 paise on Wednesday amid a strengthening greenback and increase in crude prices. Forex traders said a positive trend in domestic equity markets and foreign fund inflows supported the local unit at lower level. At the interbank currency exchange, the rupee opened at 84.66 and traded in the range of 84.65-84.76. Eventually it settled at 84.76 (provisional), 8 paise lower than Tuesday's clos...Read More
New Delhi, Dec 4 (PTI) Bhutan King Jigme Khesar Namgyel Wangchuck will pay a two-day visit to India beginning Thursday with an aim to further expand the already close ties between the two countries. The Ministry of External Affairs (MEA) said the King will be accompanied by Queen Jetsun Pema Wangchuck and senior officials of the Bhutan government. "During the visit, His Majesty, the King of Bhutan, will meet Prime Minister Narendra Modi and External Affairs Minister S Jaishankar," the MEA said...Read More
New Delhi, Dec 4 (PTI) UP-based Meja Urja Nigam Pvt Ltd (MUNPL) on Wednesday said its board has approved the first interim dividend of Rs 350 crore for the current financial year. The dividend will be paid in ratio of 50:50 to promoter entities NTPC Ltd and Uttar Pradesh Rajya Vidyut Utpadan Nigam Ltd (UPRVUNL) by this week, the company said in a statement. "The Board of Directors on Tuesday approved the payment of an interim dividend of Rs. 0.96 per ordinary share of Rs 10 each, totalling Rs ...Read More
New Delhi, Dec 4 (PTI) DRI officers have seized about 8,224 kg of contraband in the 2023-24 fiscal worth Rs 2,242 crore, with the seizure of cocaine seeing an increase over the past five years. During the 2023-24 financial year, DRI has seized 1,319 kg of gold and smuggling through India's porous eastern borders, particularly with Bangladesh and Myanmar, has also emerged as a major concern for law enforcement agencies. The Smuggling in India Report released by the Directorate of Revenue Intell...Read More
NEW DELHI: External affairs minister Jaishankar on Wednesday outlined the next steps in India's approach to restoring peace and stability with China in Rajya Sabha, highlighting that the recent agreement aims to resume traditional patrolling and address critical local concerns while de-escalating tensions in the border areas. Briefing about the China situation in the Rajya Sabha, EAM S Jaishankar said, "The situation arising after our counter deployment in 2020 called for multiple sets of respo...Read More
New Delhi [India], December 4 (ANI): The Enforcement Directorate (ED) seized cryptocurrency worth Rs 1.36 crore (USDT) from private wallets, along with unexplained cash amounting to Rs 47 lakh, during an investigation into a major money laundering case. The case pertains to cyber fraud involving illegal proceeds of approximately Rs 640 crore, generated through betting, gambling, part-time job scams, and phishing operations. The ED also recovered various incriminating documents linked to the fra...Read More
Mumbai, Dec 4 (UNI) The BSE Sensex remained on top for the fourth consecutive session on Wednesday, advancing 110.58 pts to close at 80,956.33 following gains in Realty, Financial services, and Bankex stocks. The National Stock Exchange (NSE) rose 10.30 pts to 24,467.45. Though an oscillation was seen during the day, the Sensex finished in the green only. As it opened strong at 81,036.22, up 191 pts. During the day it rallied 400 pts at 81,245.39, the day's high, before closing at 80,956.33, r...Read More
Hyderabad, December 4: After an earthquake of 5.3 magnitude hit the Mulugu district of Telangana on Wednesday morning, Dr Prakash Kumar, Director of CSIR-NGRI said that the state capital is generally considered as a stable and low-risk area for seismic activity, making an earthquake of this magnitude rare for the region. The official said that since Hyderabad is not in a major seismic zone, such an event may not pose immediate cause for alarm, but it is still valuable to monitor the scientific ...Read More
New Delhi, Dec 4 (UNI) Rubrik, Inc. on Wednesday announces Rubrik Annapurna, a single API service for customers building generative AI (Gen AI) applications, which will integrate with Amazon Bedrock. Rubrik Annapurna is designed to enable fast access to secure data embeddings from Rubrik Security Cloud. Rubrik Annapurna's powerful and secure data retrieval capabilities will work with Amazon Bedrock, enabling customers to access a broad selection of high-performing foundation models (FMs) to bu...Read More
India's growth in gross domestic product (GDP) of 5.4% in the three months ended 30 September, or the second quarter of 2024-25, was a shocker. It undershot even the most pessimistic forecasts. It's the lowest level seen since the third quarter of 2022-23 and a sharp drop from 8.1% growth in the same period last year and also from 6.7% in the first quarter of 2024-25. The consensus expectation stood at about 6.5% and the Reserve Bank of India (RBI) was expecting around 7% growth till its Octobe...Read More
Mumbai, Dec 4 (PTI) Reserve Bank's high level panel on Wednesday started deliberations on the bi-monthly monetary policy amid expectations of status quo on interest rate as the retail inflation is above the upper tolerance level of the central bank. The decision taken at the RBI Governor Shaktikanta Das headed six-member Monetary Policy Committee (MPC) [...] Mumbai, Dec 4 (PTI) Reserve Bank's high level panel on Wednesday started deliberations on the bi-monthly monetary policy amid expectations...Read More
New Delhi: The Congress Wednesday said a "cover-up" is in the making after reports claimed that Adani entities have applied for a settlement in response to SEBI show cause notices in a case that alleges violations of public shareholding norms through unfair practices. It asserted the "scam" requires serious punitive action, including arrests and raids by investigative agencies. Congress general secretary in-charge communications Jairam Ramesh said a token settlement would make Indian institutio...Read More
New Delhi, Dec 4 (PTI) Eicher Motors on Wednesday said Royal Enfield has commenced operations of a new CKD (Completely Knocked-down) assembly facility in Thailand. Royal Enfild is a part of Eicher Motorts. "Our strategic intent is to have an international expansion strategy of investing in markets with huge potential to grow. Thailand assembly plant caters to this vision," Royal Enfield CEO B Govindarajan said in a statement. The new facility is the Royal Enfield's sixth CKD assembly unit glo...Read More
Mumbai: Benchmark Sensex advanced 110 points Wednesday, extending its gains to the fourth day in a row helped by buying in HDFC Bank, ICICI Bank and fresh foreign fund inflows. The 30-share barometer rose by 110.58 points or 0.14 per cent to settle at 80,956.33. During the day, it jumped 399.64 points or 0.49 per cent to 81,245.39. The NSE Nifty rose marginally by 10.30 points or 0.04 per cent to 24,467.45. From the 30-share Sensex pack, HDFC Bank, Bajaj Finserv, NTPC, Titan, Tata Consultancy...Read More
Bihar School Holiday List 2025: The holiday calendar was first made public by state education ministries even before the end of 2024. The 2025 holiday schedule has also been made public by the Bihar School Education Department. Bihar's schools will be shuttered for a total of 72 days -- more than two months -- next year. When compared to other festivals, Chhath is the occasion for the most holidays in Bihar. Every year, schools are closed for three to four days during Chhath, Bihar's most signif...Read More
New Delhi, Dec 4 (VOICE) Low-cost airline IndiGo on Wednesday refuted findings of a report which claimed that IndiGo has been ranked among the world's worst airlines this year.The 'AirHelp Score report 2024' placed the domestic carrier near the bottom at 103rd place out of 109 analysed. The report also ranked Air India at 61st and AirAsia at 94th. In a statement, IndiGo said that India's aviation regulator, Directorate General of Civil Aviation (DGCA), publishes data on airline punctuality and ...Read More
NEW DELHI: Cybersecurity firm Rubrik on Wednesday launched an application programming interface (API) solution integrated with Amazon Bedrock to enable customers to quickly build enterprise-grade generative artificial intelligence (GenAI) applications. Rubrik said its 'Annapurna' API service is enables fast access to secure data embeddings from Rubrik Security Cloud, which will work with Amazon Bedrock, enabling customers to access a broad selection of high-performing foundation models (FMs) to...Read More
NEW DELHI: India has seen limited success so far in capturing the 'China Plus One strategy', while Vietnam, Thailand, Cambodia, and Malaysia have become bigger beneficiaries, according to a report of government think tank Niti Aayog. It said that factors such as cheaper labour, simplified tax laws, lower tariffs and pro-activeness in signing Free Trade Agreements (FTAs) have played a critical role in helping these countries expand their export shares. The US has implemented stricter export con...Read More
New Delhi [India], December 4 (ANI): Union Minister for Power and Housing and Urban Affairs, Manohar Lal Khattar on Wednesday chaired a meeting of the Parliamentary Consultative Committee of the Members of Parliament on the generation and demand of electricity under the National Electricity Plan, the Ministry of Power said in a release. During the meeting, Manohar Lal Khattar highlighted that power is a critical component in achieving the goal of a developed India by 2047. He noted that with th...Read More
New Delhi, December 4: In a significant move to enhance customer experience and protect citizens, the Lok Sabha on Wednesday passed the Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four nominees in their accounts. The higher number of nominees aims to reduce unclaimed deposits in banks. Finance Minister Nirmala Sitharaman said that depositors will have the option of successive or simultaneous nomination facility, while locker holders will have only succes...Read More
BENGALURU, India, Dec. 4, 2024 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a strategic collaboration with Kardex, a leading global provider of intralogistics solutions, including automated storage solutions and material handling systems, to transform its business operations using SAP S/4HANA. Leveraging Infosys Cobalt, a set of services, solutions and platforms for enterprises to accelerate thei...Read More
NEW DELHI: Farmer leader Rakesh Tikait was detained by police in Aligarh on Wednesday while on his way to Delhi. "We don't know where they are taking us. If they won't come out with a solution, then we will start a tractor rally from here to Lucknow. We will wait for the government's reply till today evening," Tikait told reporters. On Tuesday, Tikait condemned the arrest of protesting farmers in Noida, warning that the ongoing protest spearheaded by the Samyukt Kisan Morcha (SKM) "would turn ...Read More
NEW DELHI: Prime Minister Narendra Modi's home state, Gujarat, has achieved remarkable success in implementing the PM Surya Ghar Muft Bijli Yojana, a flagship initiative aimed at promoting rooftop solar installations for residential users. Informing the Rajya Sabha on Tuesday, Union Minister for New and Renewable Energy and Power, Shripad Naik, stated that Gujarat has recorded the highest number of solar rooftop installations, followed by Maharashtra and Uttar Pradesh. The minister further rev...Read More
Bhubaneswar: Four electricity distribution companies of Odisha owe a staggering Rs 6,587 crore to the state. Deputy Chief Minister KV Singhdeo revealed this in a written reply to the Odisha Assembly, in response to a query from BJP's Om Prakash Mishra. The breakdown of the dues is as follows: CESU owes Rs 2,651 crore, NESCO owes Rs 958 crore, WESCO owes Rs 1,676 crore, and SOUTHCO owes Rs 1,300 crore. According to Singhdeo, the power distribution companies, sponsored by Tata, are collecting p...Read More
Champhai (Mizoram) [India], December 3 (ANI): Assam Rifles, in collaboration with the Excise and Narcotics Department, recovered 22 grams of Heroin No. 4 worth Rs 15.40 lakh and apprehended a woman in the Zote area of Champhai district on Monday. The operation, based on specific intelligence, led to the discovery of the contraband hidden inside the woman's clothing bag. The suspect, identified as 40-year-old Tlangmawii, along with the seized consignment, has been handed over to the Excise and N...Read More
Bengaluru: The Karnataka High Court recently granted a 90-day parole to a murder convict, allowing him to oversee agricultural activities on his father's farmland in Siddevarahalli village, Ramanagara district. According to a report by The Times of India, the superintendent of the Central Prison, Bengaluru, had earlier rejected the convict Chandra's parole request by quashing an endorsement issued earlier....Read More
Bhubaneswar: With potato traders in West Bengal calling off their strike on Tuesday, Odisha markets are hoping supply will soon resume from the neighbouring state, normalising price. "Since the West Bengal govt has assured traders that they can supply potatoes to other states, we are hopeful that the situation will improve here. Once the stranded trucks from WB arrive in the Odisha market, the price of potatoes will stabilise and may drop to earlier rates," said Sudhakar Panda, secretary of Odi...Read More
Bhubaneswar: Food supplies and consumer welfare minister Krushna Chandra Patra on Tuesday attributed the rising cost of pulses to a 10-12% decline in imports and adverse weather conditions affecting the supply chain. Addressing an adjournment motion on price rise in the assembly, Patra outlined several measures implemented by the govt to control escalating commodity prices. District collectors have been directed to conduct regular meetings with local traders and monitor the prices of essential ...Read More
Champhai (Mizoram) [India], December 3 (ANI): Assam Rifles, in collaboration with the Excise and Narcotics Department, recovered 22 grams of Heroin No. 4 worth Rs 15.40 lakh and apprehended a woman in the Zote area of Champhai district on Monday. The operation, based on specific intelligence, led to the discovery of the contraband hidden inside the woman's clothing bag. The suspect, identified as 40-year-old Tlangmawii, along with the seized consignment, has been handed over to the Excise and N...Read More
New Delhi, Dec 3 (UNI) In its first results post listing, on-demand convenience platform, Swiggy on Tuesday announced a 30 percent growth in Gross Order Value at Rs 11,306 crore for the quarter and half year ended September 30, 2024. Swiggy's overall Gross Order Value (GOV) grew 30 percent YoY to reach Rs 11306 crore, while the consolidated adjusted EBITDA loss of Rs 341 crore represented a reduction in the loss by 30 percent YoY. Platform Average Monthly Transacting Users (MTU) grew 19.2 perce...Read More