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Sensex, Nifty open lower as midcap and smallcap hold markets

MUMBAI: The Indian equity indices opened lower on Friday as heavyweights like Axis Bank and Bharti Airtel were among the top losers in the BSE benchmark. At 9.25 am, Sensex was down 171 points or 0.21 per cent at 82, 087 and Nifty was down 35 points or 0.14 per cent at 25, 075. In the Sensex pack, M&M, Tata Steel, Power Grid, L&T, UltraTech Cement, Infosys, Tata Motors, BEL, NTPC, TCS, Trent and Maruti Suzuki were top gainers. Axis Bank, Bharti Airtel, Kotak Mahindra Bank, Tech Mahindra , HDFC Bank, Eternal (Zomato), HUL, Sun Pharma, Bajaj Finance, ICICI Bank, Titan and Bajaj Finserv were top losers.

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PoliticsNov 18, 2024 05:25 AM

Violence continues in Manipur; BJP, Cong offices ransacked

IMPHAL, Nov 17: The NPP on Sunday withdrew support from the BJP-led Government in Manipur, even as violence continued to rock the state as offices of the Congress and the saffron party were ransacked in the hill district of Jiribam where an unidentified body was found earlier in the day, officials said. Follow the Daily Excelsior channel on WhatsApp A BJP MLA's ancestral house was vandalised in Imphal Valley while a building owned by Ashab Uddin, the Independent legislator of Jiribam, was ransacked, officials said. The incidents occurred a day after irate mobs set fire to the residences of ...Read More >

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PoliticsNov 19, 2024 05:05 AM

Maharashtra polls: Wrestler and Haryana Congress MLA Vinesh Phogat holds roadshow in Pune

Pune (Maharashtra) [India], November 19 (ANI): With the Maharashtra elections approaching, wrestler and Congress MLA from Haryana's Julana, Vinesh Phogat, held a roadshow in Pune to support Congress candidate Datta Bahirat from the Shivajinagar Assembly constituency. She urged voters to ensure a victory for the Maha Vikas Aghadi (MVA), criticising the Mahayuti government for "injustice" by toppling the government elected by the people. "Everything is going well... If people shower their blessings on us on the 20th, we will win with a bigger margin this time. I appeal to voters to respond to ...Read More >

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BusinessNov 19, 2024 05:16 AM

Super Micro shares skyrocket after naming new auditor By Investing.com

Investing.com-- Shares of Super Micro Computer Inc (NASDAQ:SMCI) rose sharply in evening deals on Monday after it named BDO USA as its auditor and said it had submitted a plan to the Nasdaq seeking more time to comply with listing rules. Super Micro shares jumped 36% to $29.30 by 18:32 ET (23:32 GMT). The server maker said it believed it will be able to complete its annual and quarterly reports, although it did not specify when it would do so. "BDO is a highly respected accounting firm with global capabilities. This is an important next step to bring our financial statements current, an eff ...Read More >

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BusinessNov 26, 2024 12:23 PM

Youth unemployment rates in India lower than global levels: Govt

nion Minister of State for Labour and Employment Shobha Karandlaje cited statistics in the Lok Sabha on Monday to show that youth unemployment rates in India were lower than global levels. The minister cited a report by the International Labour Organisation's (ILO) Institute for Human Development (IHD) which states that the worldwide youth unemployment rate was 15.6 per cent in 2021. Further, as per World Employment and Social Outlook Trends, 2024 by ILO, globally, in 2023, the youth unemployment rate was 13.3 per cent. On the other hand, the latest annual Periodic Labour Force Survey (PLFS ...Read More >

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BusinessNov 18, 2024 05:20 AM

Government plans 100% FDI, eased rules for agents in insurance bill tweak - Times of India

NEW DELHI: Government is all set to allow 100% foreign direct investment in insurance business, paving the way for large companies to enter the market on their own, while allowing individual insurance agents to hawk policies of multiple companies, lifting the cap on being associated with only one life and general insurer. The twin measures are part of the Insurance Amendment Bill that is proposed to be introduced during the winter session of Parliament that kicks off later this month. On August 19, TOI was the first to report about the proposed increase in the FDI ceiling, a suggestion which ...Read More >

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PoliticsNov 18, 2024 05:13 AM

Trust is dying

From hospitals to exams, people's distrust of public institutions is growing because of past mistakes and broken promises In Prayagraj, student protests outside the UPPSC office slowed down after the government agreed to hold the provincial civil services exam on a single day. The decision to split the exam across two days was not a big issue in itself -- officials explained it was because there were so many applicants. This is a common practice both in India and around the world. However, what really upset students was the intense competition for government jobs, which are hard to get, along ...Read More >

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BusinessTechnologyNov 19, 2024 05:05 AM

India imposes 25.4 mln USD fine on WhatsApp for antitrust violation

The Competition Commission of India (CCI) has fined WhatsApp $25.4 million for antitrust violations linked to its controversial 2021 privacy policy. It ruled that WhatsApp's mandatory data-sharing with Meta for advertising purposes abused its dominant market position, forcing users to accept expanded data collection without opt-out options. The CCI also prohibited WhatsApp from sharing user data with Meta units for non-service-related purposes for five years. This mandatory data-sharing, the CCI noted, created barriers for competitors and harmed the display advertising market. With over 450 mi ...Read More >

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BusinessNov 26, 2024 12:23 PM

PAN 2.0 project approved by govt: CHECK if you old PAN will still work

The Indian government launched the Rs. 1,435 crore PAN 2.0 project. Announced by Information and Broadcasting Minister Ashwini Vaishnaw, the project aims to establish the PAN number as a common business identifier across all government digital systems. PAN 2.0 Project Launch The Rs. 1,435 crore PAN 2.0 the project aims to establish the PAN number as a common business identifier across all government digital systems. CCEA Approval The Cabinet Committee on Economic Affairs (CCEA) approved the project under the Income Tax Department. As per Information and Broadcasting Minister Ashwini Vaish ...Read More >

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OtherNov 18, 2024 05:24 AM

'Church prepared, security measures in place, infrastructure almost ready'

Amid Exposition work, tourists throng Basilica of Bom Jesus Roque Dias Old Goa: With the 18th decennial Exposition of the sacred relics of St Francis Xavier set to begin on November 21, Old Goa is bustling with activity as final touches are being given to works taken up by the government authorities. From the attractive pandals of various sizes erected on the premises of the Basilica of Bom Jesus to the tents put up in the area near Se Cathedral, everything is well designed to accommodate the expected huge number of devotees who will visit Old Goa during veneration of the sacred relics. Se ...Read More >

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BusinessNov 18, 2024 05:07 AM

Lab grown meat, dairy, and egg products issue reaches India's apex food regulator

This is a Mint Premium article gifted to you. Subscribe to enjoy similar stories. New Delhi: The debate on laboratory-grown meat, dairy, and egg products may soon be settled, with the issue reaching India's apex food regulator, three people aware of the development said. The development comes in the backdrop of concerns about public health, food security and ecological sustainability. While the Food Safety and Standards Authority of India (FSSAI) has put in place a regulatory framework for plant-based protein products, manufacturers and sellers of fermentation-derived and cultivated protein ...Read More >

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PoliticsNov 18, 2024 04:55 AM

Russian airstrike in Sumy kills 8, injures dozens

A Russian strike on a nine-story building in the city of Sumy in northern Ukraine killed eight people and wounded dozens, an official said Sunday (November 17, 2024), as Russia launched a massive drone and missile attack described by officials as the largest in recent months. "Among the eight killed in Sumy, 40 kilometers (24 miles) from the border with Russia, were two children," said Ukraine's Minister of Internal Affairs Ihor Klymenko. More than 400 people were evacuated from the building. Ukraine's Zelenskyy urges allies to take steps before North Korean troops reach the front The rescu ...Read More >

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BusinessNov 19, 2024 05:26 AM

'Back to basics, march to future' approach reason for India's success, says PM Modi at Rio G20 Summit

ess than 24 hours after he asserted in Nigeria's Abuja that stepping out of the comfort zone, innovating and creating new paths has now become the very essence of today's India, Prime Minister Narendra Modi on Monday told the gathering of world's most influential leaders converged in Rio de Janeiro for the G20 Summit that the main reason for India's success lies in his government's 'back to basics' and 'march to the future' approach. Addressing the G20 session on 'Social Inclusion and the Fight Against Hunger and Poverty' at the bayside museum of modern art during the two-day 19th G20 Summit, ...Read More >

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PoliticsNov 19, 2024 05:05 AM

'He stands exposed': BJP's Amit Malviya slams Rahul Gandhi over party's 'hypocrisy' on Adani Group

New Delhi [India], November 18 (ANI): Bharatiya Janata Party leader and in-charge of the party's National IT Department, Amit Malviya, on Monday, criticised the Congress party's 'hypocrisy' over their stance on the Adani Group, pointing to past investments and agreements made with the corporate conglomerate by Congress-ruled states. Taking to social media platform X, Malviya referenced Telangana Chief Minister Revanth Reddy's recent "public admission of accepting money" from the Adani Group on November 10, 2024, pointing out that this acknowledgment contradicted Congress leader Rahul Gandhi's ...Read More >

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PoliticsNov 19, 2024 05:05 AM

"Maharashtra people clever enough...": BJP's K Laxman slams Telangana CM Revanth Reddy

Hyderabad (Telangana) [India] November 18 (ANI): Bharatiya Janata Party MP K Laxman slammed Telangana Chief Minister Revanth Reddy, accusing the Congress party of 'misleading' people. He further said that the people of Maharashtra know "how to teach a lesson" to Congress. "Revanth Reddy as a CM of Telangana and as a Congress leader is misleading the public. Maharashtra people are clever enough they know how to teach a lesson to these Congress people and Revanth Reddy you will come to know what has happened in Haryana that is going to be repeated in Maharashtra, and Jharkhand also," K Laxman ...Read More >

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PoliticsNov 18, 2024 05:02 AM

Russian air strikes shake fragile G20 consensus ahead of summit

The escalating conflict could upset a hard-fought consensus that G20 negotiators reached around 5 a.m. on Sunday, after an overnight push to ready the joint statement for final review by leaders arriving in Rio. That preliminary consensus after six days of negotiations included streamlined language about global conflicts including the war in Ukraine, focusing on the need to negotiate peace rather than criticism of any participants. However, sources said even that "simpler" consensus may now be up for reconsideration following the Russian air strike and the prospect of further escalation. Un ...Read More >

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PoliticsEnvironmentNov 18, 2024 05:01 AM

A worrying shift from existence in tune with nature

Delhi is facing worsening pollution and erratic weather patterns, with the air quality regularly reaching dangerous levels. This is partly due to climate change, with temperature rises and unpredictable rainfall patterns caused by global warming. The industrial revolution has played a significant role, contributing to the rise in global temperatures. The effects are already being felt, with 2024 witnessing record-breaking heat in India. Despite this, there is little action from society or leadership, with courts repeatedly stepping in to address issues like pollution and farm fires. The need f ...Read More >

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BusinessNov 19, 2024 05:25 AM

SC grants NewsClick relief by stalling tax recovery

The Supreme Court on Monday stayed further recovery of an outstanding tax demand from news portal NewsClick, directing the company's banker not to release any more money to the tax department based on a 2023 notice, and allowing the portal to use its two bank accounts for daily operations. The order was passed by a bench headed by justice BV Nagarathna on an application moved by PPK Newsclick Studio Limited, which alleged that ICICI Bank was not allowing the company to use its accounts despite a top court order to this effect passed on August 9. The tax department had raised the demand again ...Read More >

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EntertainmentNov 18, 2024 05:04 AM

Miscreants snatch gold chain from Hindu Munnani functionary in Tirupur

In a shocking incident in Tirupur, unidentified assailants attacked Baskaran, the general secretary of Hindu Munnani, by throwing chili powder on his face before snatching his gold chain. Baskaran was on his way home when the miscreants struck. Following the attack, over 100 Hindu Munnani workers, led by state president Kadeshwara C Subramaniam, staged a protest outside the Nallur police station, demanding swift action and the arrest of the culprits. Meanwhile, Coimbatore city police arrested Arjun Sampath, founder of Indu Makkal Katchi, for leading a protest without permission in response to ...Read More >

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BusinessNov 18, 2024 04:56 AM

Dollar sitting pretty, yen bears wary of BOJ hawks By Reuters

The U.S. dollar continued its strong run on Monday, bolstered by soaring Treasury yields and expectations of limited Federal Reserve rate cuts. Meanwhile, the yen steadied ahead of a key speech by Bank of Japan Governor Kazuo Ueda, where he may hint at a possible rate hike in December, with markets pricing a 55% chance of such a move. Japanese Finance Minister Katsunobu Kato's warning on yen intervention caused a temporary pullback, while the dollar index touched a one-year high of 107.07. Analysts forecast further dollar gains as U.S. economic policies and performance outshine global peers. K ...Read More >

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PoliticsNov 18, 2024 04:54 AM

AAP Leaders Support Different Candidates in Barnala Bypoll: Bajwa's Statement | Chandigarh News - Times of India

Leader of Opposition in Punjab Assembly, Partap Singh Bajwa, has accused two top AAP leaders of backing separate candidates for the Barnala assembly bypoll on November 20. Bajwa claimed that while one leader is supporting the official AAP candidate, the other is backing a rebel candidate. He urged the public to reject both and vote for the Congress candidate. Bajwa also took a jibe at Punjab Chief Minister Bhagwant Mann, suggesting he could become Punjab's "Eknath Shinde" after reportedly being in contact with the Union Home Ministry through a Punjab-based Union minister. ...Read More >

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PoliticsNov 18, 2024 05:26 AM

9 persons from Rajouri arrested in Maharashtra with 9 rifles, bullets

JAMMU, Nov 17: Maharashtra police along with Military Intelligence and Army have arrested nine persons hailing from the border district of Rajouri for taking up jobs as security guards in different cities in Maharashtra and carrying weapons with fake licenses. Nine 12-bore rifles and 58 bullets have been recovered from their possession. Follow the Daily Excelsior channel on WhatsApp The arrests were made during a joint operation of Ahilyanagar (formerly Ahmednagar) police in Maharashtra, Southern Command and Military Intelligence on the basis of tip off that some persons from Rajouri distric ...Read More >

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PoliticsNov 18, 2024 05:02 AM

G20 talks in Rio reach breakthrough on climate finance, sources say

Still, the ongoing U.N. climate talks have thrown a spotlight on their efforts to tackle global warming. While the COP29 summit in Baku, Azerbaijan, is tasked with agreeing a goal to mobilize hundreds of billions of dollars for climate, leaders of the Group of 20 major economies half a world away in Rio are holding the purse strings. G20 countries account for 85% of the world's economy and are the largest contributors to multilateral development banks helping to steer climate finance. "The spotlight is naturally on the G20. They account for 80 percent of global emissions," U.N. Secretary Ge ...Read More >

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PoliticsNov 19, 2024 05:19 AM

PM Modi Brazil Visit Live Updates: PM Modi holds talks with Italy, France, UK PM on sidelines of G20 summit - The Times of India

PM Modi holds bilateral meetings with Indonesia and Portugal President Prabowo Subianto of Indonesia and Prime Minister Narendra Modi engaged in bilateral discussions during the G20 Leaders' Summit in Brazil. The Indian delegation, which included External Affairs Minister S Jaishankar, participated in discussions with their Indonesian counterparts. During their interaction, PM Modi emphasised the discussions centred on strengthening bilateral relations across various sectors, including trade, defence cooperation and additional areas of mutual interest. ...Read More >

18
PoliticsNov 26, 2024 12:23 PM

Kharge, Rahul, Priyanka greet people on 75th Constitution Day

New Delhi, Nov 26 (UNI) Congress president Mallikarjun Kharge, Leader of Opposition in Lok Sabha Rahul Gandhi, and party general secretary Priyanka Gandhi Vadra on Tuesday greeted the people on the occasion of 75th Constitution Day. On social media handle X, Kharge said, "The Constitution of India, painstakingly and carefully drafted by our foremothers and forefathers, is the lifeblood of our nation. It guarantees us social, economic and political rights. It constitutes India into a SOVEREIGN SOCIALIST SECULAR DEMOCRATIC REPUBLIC". He said, "Justice, Liberty, Equality and Fraternity are not ...Read More >

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PoliticsNov 18, 2024 05:25 AM

PM receives Nigeria's second highest national award

ABUJA, Nov 17: Nigeria on Sunday conferred its second-highest national award - the Grand Commander of the Order of the Niger - on Prime Minister Narendra Modi, making him the second foreign dignitary to receive the distinction. Follow the Daily Excelsior channel on WhatsApp "Honoured to be conferred with the 'Grand Commander of the Order of the Niger' Award by Nigeria. I accept it with great humility and dedicate it to the 140 crore people of India and the friendship of India and Nigeria," Modi said after receiving the award from Nigerian President Bola Ahmed Tinubu. Click here to watch vid ...Read More >

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OtherNov 18, 2024 05:04 AM

18-yr-old from Chennai leads Team India's Carrom World Cup sweep

CHENNAI: Singles, Doubles, and the Team Championship - the 18-year-old Chennai girl, the daughter of an auto driver from Kasimedu, left nothing for competitors from around the world at the sixth edition of the Carrom World Cup held in the US which Team India swept. The Women's Singles final was a hard-fought contest, where the 18-year-old M Khazima kept her nerves to defeat 12-time national and multiple World Cup winner Rashmi Kumari from Bihar. With this victory, Khazima became the youngest Carrom World Champion. Khazima, whose father Mehaboob Basha is an auto driver from Kasimedu, had been ...Read More >

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PoliticsNov 18, 2024 04:53 AM

BJP Candidate Sohan Singh Thandal Faces Backlash Over False SAD Support Claims | Chandigarh News - Times of India

Sohan Singh Thandal, a former Shiromani Akali Dal (SAD) minister now contesting as a BJP candidate for Chabbewal assembly, has faced backlash from his old party after posting videos on social media claiming SAD's support. Thandal shared clips featuring SAD leaders, including Jarnail Singh Baddon and Jasbir Singh Herrian, suggesting the party backed him. However, SAD's Hoshiarpur district president, Lakhwinder Singh Lakhi, swiftly denied these claims, labeling them false and clarifying that the party had no intention of supporting the BJP. Thandal, a four-time MLA, joined BJP recently and is co ...Read More >

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PoliticsNov 19, 2024 05:21 AM

Punjab: High-pitched campaign draws to a close as state readies for Nov 20 assembly bypolls

Campaigning for the November 20 assembly bypolls to four seats in Punjab ended on Monday evening with the ruling Aam Aadmi Party (AAP), Opposition Congress and the Bharatiya Janata Party making last-ditch efforts to mobilise support for their respective candidates. Hours before the campaign ended at 6 pm, major political outfits intensified their efforts to woo the voters. Bypolls to four assembly segments -- Gidderbaha, Dera Baba Nanak, Chabbewal (SC) and Barnala -- will be held on November 20 from 7 am to 6 pm, and the results will be out on November 23. The bypolls were necessitated afte ...Read More >

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PoliticsNov 19, 2024 05:09 AM

As unrest rages, several MLAs skip Manipur CM-led meeting

A crucial meeting of Manipur's National Democratic Alliance, chaired by Chief Minister N Biren Singh, saw significant absences, with only 27 out of 45 MLAs attending. The meeting, convened amidst rising ethnic violence, resulted in a seven-point resolution demanding immediate action on issues like the reimposition of AFSPA and mass operations against Kuki militants. Tensions within the ruling coalition were evident, as several lawmakers, including a cabinet minister, skipped the meeting without explanation. The resolution included a threat of political consequences if decisions were not implem ...Read More >

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BusinessNov 19, 2024 05:09 AM

Lung term problem

Times of India's Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues of the day. Over time, govts' failure to improve Delhi's air quality is bound to impact its economic primacy About three weeks ago, Delhi govt told NGT it was implementing its 21-point winter action plan involving about 30 govt depts to mitigate air pollution. It would be laughable were the situation not so serious. Yesterday, Delhi's AQI shot to over 490 on a scale of 500 at 26 of Delhi's 37 monitoring stations - even though personal diesel vehicles were off t ...Read More >