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Mumbai: India's top gold jewellery and bullion trading lobby has demanded regulatory intervention to make the country's largest commodity exchange and mutual funds accept Indian-refined gold and silver bars. Making Indian-refined bullion bars (India Good Delivery) acceptable by Multi-Commodity Exchange of India (MCX) and exchange-traded funds would be in line with Prime Minister Narendra Modi's "vocal for local" exhortation and would save precious foreign exchange, the India Bullion & Jewellers ...Read More >
New Delhi: The national capital recently witnessed two launches within weeks of each other. On 11 August, Elon Musk's Tesla had a lowkey launch for its second showroom in India, in Delhi's Aerocity. The global brand had only one model on display with a small crowd in attendance. On 6 September, a stone's throw away from Tesla's showroom, VinFast Auto Ltd, a little-known Vietnamese brand, made a much bigger splash. In a large ballroom that could easily hold more than 100 people, the company's le ...Read More >
Bihar Assembly polls: In a social media post on the platform X, Tej Pratap shared a poster for the 'Jan Shakti Janata Dal', naming himself as its 'national president' and featuring a 'blackboard' as its election symbol Bihar Assembly polls: Ahead of the Bihar Assembly polls, Tej Pratap Yadav, the elder son of RJD supremo Lalu Prasad, announced on Friday that he has established a new political outfit for what he termed "a long battle" in the state. Earlier this year, Yadav was expelled from the ...Read More >
Mumbai (Maharashtra) [India], September 26 (ANI): Filmmaker Ashutosh Gowariker, known for directing an impressive slate of films like 'Jodhaa Akbar', 'Lagaan', and 'Swades', has extended a heartfelt message for Bollywood superstar Shah Rukh Khan. In a nod to SRK's National Award win, Gowariker, who was one of the jury members at the 71st National Film Awards, dedicated a special post to the actor. https://www.instagram.com/p/DPBo5y0k2tC/ "What a journey we have had... each forging one's own p ...Read More >
MUMBAI, Sept 24 (Reuters) - The Indian rupee ended nearly flat on Wednesday as likely intervention by the Reserve Bank of India helped stave off pressure on the local unit amid worries over steep U.S. tariffs and a visa fee hike. The rupee closed at 88.69 against the U.S. dollar, a whisker away from its all-time low of 88.7975 hit on Tuesday. Traders said that the central bank likely intervened across segments such as non-deliverable forwards (NDF), currency futures and the OTC spot market to ...Read More >
Uttarakhand: The scenic charm of Dehradun turned grim on Tuesday after overnight cloudbursts and relentless rain wreaked havoc in Uttarakhand's capital city and nearby areas on Tuesday, sweeping away at least five people and leaving over 500 others stranded. Viral videos laid bare the fury of nature- as heavy rains lashed the region, leaving the Tamsa river in spate and Tapkeshwar Mahadev temple inundated. Online, stunned viewers dubbed it the "scariest monsoon Dehradun has witnessed in years." ...Read More >
Mumbai (Maharashtra) [India], September 16 (ANI): Bollywood celebrities are in awe of actor Owen Cooper after he became the youngest actor to win the prestigious Emmy award for his performance in the Netflix psychological limited series 'Adolescence'. Aditi Rao Hydari, who is known for her role in Sanjay Leela Bhansali's 'Heeramandi', expressed her love for the actor's achievements as she reshared an Instagram post of the Entertainment Tonight outlet featuring the news of Owen Cooper's win. Sh ...Read More >
Kolkata, Sep 16 (PTI) Economist and former CPI(M) leader Prasenjit Bose joined the Congress during a programme in the metropolis, and asserted that he would support the party in its fight to "save the Constitution". Bose (51) became a part of the Congress at a formal joining ceremony here on Monday in the presence of party leaders Ghulam Ahmad Mir, Syed Naseer Hussain and Kanhaiya Kumar, besides state unit president Subhankar Sarkar. "We have to protect the Constitution, establish a government ...Read More >
Dehradun cloudburst LIVE Updates: Heavy rainfall on Tuesday triggered a massive cloudburst in the outskirts of Dehradun, causing the Tamsa River to overflow and submerge the historic Tapkeshwar Mahadev Temple. The downpour led to landslides and flash floods in the Sahastradhara area, washing away houses, roads, cars, and shops. Authorities confirmed that two people are missing, with SDRF and NDRF teams deployed for rescue and relief operations. Temple priest Acharya Bipin Joshi told ANI, "The ...Read More >
Mumbai (Maharashtra) [India], September 16 (ANI): Mumbai Police's Economic Offences Wing (EOW) recorded Bollywood actor Shilpa Shetty's husband Raj Kundra's statement on Monday in an alleged case related to cheating a businessman of ₹60 crore. According to EOW, the next interrogation may take place next week. However, statements of more witnesses are yet to be investigated and verified. The next round of interrogation will start only after thoroughly scrutinising the statements of the witnesses ...Read More >
Mumbai (Maharashtra) [India], September 15 (ANI): Actor Akshay Kumar penned a heartwarming message for his son, Aarav, celebrating his 23rd birthday. Taking to his Instagram handle, Akshay reflected on his life as a father and the journey of watching his son grow up. Calling himself a "proud sidekick," the actor wrote, "Happy 23rd, Aarav! When I was twenty three I was learning to beat up people on screen... it's a strange feeling now to see you beat me everyday right from tech to fashion to arg ...Read More >
Mumbai: Nearly a year after joining KRBL Ltd as an independent director, Anil Chaudhary has stepped down from the board of the renowned India Gate basmati brand owner, alleging corporate governance issues. In his resignation letter, the former Steel Authority of India Ltd (Sail) chairman flagged several governance concerns at the country's largest exporter of basmati rice, including inconsistencies in recording minutes of the company's board meetings, instances of information being withheld fro ...Read More >
New Delhi: India will resume trade discussions with the US on 16 September, with Washington's chief negotiator scheduled to arrive in New Delhi late Monday, commerce secretary Sunil Barthwal said. The talks for a bilateral trade agreement were to be held on 25 August but postponed as the US imposed an additional 25% levy on Indian goods from 27 August as a penalty for buying Russian oil. With the US's tariffs at 50%, India is among the most heavily penalised US trading partners. Barthwal said ...Read More >
Mumbai: The National Company Law Appellate Tribunal (NCLAT) has cleared the way for Talwandi Sabo Power Ltd's (TSPL) demerger from its parent company Vedanta Ltd, setting aside a lower court's order that put the proposed demerger on hold. The order comes after the counsel for Talwandi Sabo informed the NCLAT that it has reached a settlement with China's Sepco Electric Power Construction Corp. (Sepco) on 11 September. Sepco is one of the creditors of TSPL that objected to the demerger for allege ...Read More >
New Delhi: India's wholesale inflation rose to a four-month high in August, snapping a two-month spell of contraction, as food prices pushed the index back into positive territory, provisional data from the commerce and industry ministry showed Monday. The wholesale price index (WPI) based inflation climbed 0.52% in August, compared with (-)0.19% in June and (-)0.58% in July. A year earlier, WPI inflation stood at 1.25%. The reading outpaced economists' expectations of 0.30% in a Reuters poll. ...Read More >
Pune (Maharashtra) [India], September 15 (ANI): Popular reality show 'Bigg Boss 19' saw its first eviction, and it turned out to be a shocking double elimination. This week's 'Weekend Ka Vaar' was hosted by Farah Khan, along with Akshay Kumar and Arshad Warsi. The episode saw two contestants, Nagma Mirajkar and Natalia Janoszek, leaving the house after receiving the lowest votes from the audience. In Sunday's WKV episode, Farah Khan first announced Natalia's name for eviction. Just as the hous ...Read More >
Indian stock market: The equity market benchmark indices, Sensex and Nifty 50, are expected to open lower on Monday, following mixed cues from global markets. Asian markets traded mostly higher, while the US markets ended mixed, with the Nasdaq posting a record high close. This week, investors will focus on key stock market triggers, including the developments over India-US trade deal, US Federal Reserve policy, India-EU trade deal, flow of foreign funds, and other key domestic and macroeconom ...Read More >
The India Meteorological Department (IMD) issued red alert in Pune around 4 am on Monday. Heavy rainfall lashed Pune, Maharashtra, late Sunday night. Several video shared on social media showed 'crackling lightning'. Many social media users also feared if residents would face flood situation Monday morning. Red alert was also issued Solapur and Ahmednagar. Meanwhile, an orange alert was issued in Thane and Raigad. Several other regions of Maharashtra, including Nashik, Palghar, Jalana and Nagp ...Read More >
AIMIM Delhi President Dr. Shoaib Jamai threatened to disrupt any public screening of the India vs Pakistan match, criticising the BJP for disrespecting Pahalgam martyrs. All India Majlis-e-Ittehadul Muslimeen (AIMIM) Delhi State President Dr. Shoaib Jamai has threatened to disrupt any public screening of the India vs Pakistan match in Delhi. "AIMIM Delhi may disrupt any public screening of the IND vs Pak match tonight. Shame on the BJP for making a mockery of the Pahalgam martyrs. The war and ...Read More >
Bengaluru: The Supreme Court recently came down heavily on speculative investors in real estate. Additionally, it said the real estate sector needs systemic reforms to infuse credibility. What prompted this? Mint explains. What did the Supreme Court ruling say? The Supreme Court issued a ruling on 12 September in response to a batch of appeals following a decision by the National Company Law Appellate Tribunal on a housing project in Greater Noida. Affirming NCLAT's ruling that termed the appe ...Read More >
Mumbai (Maharashtra) [India], September 14 (ANI): Amid the ongoing debate over India playing Pakistan after the Pahalgam terror attack and Operation Sindoor, actor Suniel Shetty has shared his views, saying that one "cannot blame cricketers for playing." The high-voltage clash will be the first international match between the two sides since the recent terror attack, and reactions on social media have been divided. Speaking to the media, Shetty explained that players cannot be held responsible ...Read More >
New Delhi, Sep 14 (PTI) Insurance Amendment Bill, which proposes 100 per cent FDI in the insurance sector, is likely to be introduced in Parliament in the upcoming Winter session, Finance Minister Nirmala Sitharaman has said. The winter session of Parliament generally commences in the second half of November and concludes before Christmas. "I hope to", she told PTI when asked if the bill to further liberalise FDI in the insurance sector can be introduced in Parliament in the upcoming Winter se ...Read More >
New Delhi [India], September 14 (ANI): Indian pacer Mohammed Shami opened up on being called 'lazy' by former captain Virat Kohli, as well as on his English-speaking struggles, during his appearance on Rajat Sharma's show Aap Ki Adalat. On Kohli calling him lazy, Shami replied, "Your body gets tired when you play a Test match, I may have caught a nap, but to get the 'lazy' tag, I do not mind, but I have the toughest job, I run the most, whenever situation arises, the fast bowler is called, but ...Read More >
Indian stock market: The Indian stock market finished with solid gains, driven by select heavyweight stocks such as ICICI Bank, Bajaj Finance, and Reliance Industries, amid broadly positive global sentiment, on Friday, September 12. The Sensex advanced 356 points, or 0.44 per cent, to close at 81,904.70, while the Nifty 50 rose 109 points, or 0.43 per cent, to settle at 25,114. The mid- and small-cap indices also ended higher, though they lagged behind the benchmarks, with the BSE Midcap up 0.0 ...Read More >
Bareilly (Uttar Pradesh) [India], September 13 (ANI): Bollywood actor Disha Patani's father, Jagdish Patani, has addressed the ongoing speculations about the recent firing at their Civil Lines home in Bareilly, which had been linked to remarks made by his elder daughter, Khushboo Patani. Speaking to ANI, Jagdish stated that her comments had been "misrepresented," and clarified that his daughter's statement was wrongly connected to spiritual leader Premanand Ji Maharaj. "...Khushboo (sister of ...Read More >
NEW DELHI: India's electric mobility push may get a breather. The ministry of heavy industries is planning to allow electric truck and bus makers to import traction motors fitted with rare earth magnets without losing incentives under the ₹10,900-crore PM E-Drive scheme, according to two officials aware of the development. However, any relief would be temporary, lasting only until China resumes rare earth magnet exports, one of the officials said, citing the recent thaw in relations between New ...Read More >
New Delhi: In a bid to boost climate finance, the Union ministry of new and renewable energy (MNRE) plans to urge the finance ministry to offer tax incentives to green bond buyers, according to two people familiar with the matter. The consideration aims to boost investor interest in green bonds, which is necessary to meet the financing requirements for the clean energy targets. "Though sovereign green bonds were launched a few years back, they are yet to pick up. Now the interest rate of green ...Read More >
New Delhi, Sep 12 (PTI) The Enforcement Directorate (ED) on Friday said its preliminary probe into a multi-crore pan-India alleged fake input tax credit (ITC) fraud has found that "big MNCs" were benefiting from these illegal transactions. The Itanagar (Arunachal Pradesh) office of the federal probe agency carried out searches in this case on Thursday and covered about 10 premises in the northeastern state apart from Delhi, Haryana, Tamil Nadu and Telangana. The raids were undertaken in connec ...Read More >
Mumbai, Sep 12 (PTI) Sebi on Friday decided to broaden the definition of 'strategic investor' under the REIT and InvIT norms by including QIBs and certain categories of FPIs to attract more institutional capital. The Sebi board also cleared a proposal for reclassifying REITs (Real Estate Investment Trusts) as "equity" and retaining the "hybrid" classification for InvITs (Infrastructure Investment Trusts) for the purpose of investments by mutual funds and Specialised Investment Funds. These pro ...Read More >
New Delhi: Industry leaders welcomed the recently announced GST reforms, which reduce the number of tax slabs, stating that it will make tax compliance easier while also directly benefiting consumers through lower prices. Jharkhand Chamber of Commerce Joint Secretary Navjot Alang Rubal said that the reduction of the number of slabs from four to two under the new GST structure is a highly positive step. According to Rubal, this reform will greatly benefit the middle and lower-income groups as t ...Read More >
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