Srinagar, Jan 31: Online gambling has become a growing menace in Kashmir, driving several families into severe financial distress and emotional turmoil. The easy accessibility of online betting platforms has lured many, particularly youth, with the illusion of quick financial gains. However, this often results in heavy monetary losses, debt and psychological suffering. According to details obtained by the news agency -- Kashmir News Observer (KNO), a youth from south Kashmir initially won Rs 10...Read More
Mumbai, Jan 22 (PTI) The rupee appreciated 23 paise to close at 86.35 against the US dollar on Wednesday, supported by positive domestic equities and soft American currency index. Forex traders said the rupee is likely to witness high volatility with a negative bias ahead of key events in the global and domestic economic landscape. Moreover, the overall uncertainty about the global economy continued to weigh on both currencies and commodities, keeping investors on edge. At the interbank forei...Read More
NEW DELHI: Global oil prices continued their rally to jump past $81 per barrel on Monday -- the highest since August 2024 -- on fear of latest US shipping sanctions impeding flow of Russian barrels, leading to a scramble for Middle-East/US crude and tankers. The rally is bound to put fuel retailers back in the wait-and-watch mode, dashing hopes of a fuel price cut as costlier crude and the weakening Rupee erode margins. Expectations of a reduction in petrol and diesel prices had grown on report...Read More
NEW DELHI, Jan. 13 (Xinhua) -- Indian currency Rupee's value fell steeply on Monday taking it to over 86.60 against the U.S. dollar, described as the lowest ever. An online report by "The Indian Express" quoted market analysts as saying that the country's central bank the Reserve Bank of India (RBI) had allowed the fall in Rupee's exchange rate versus the dollar amid dwindling forex reserves and declining emerging market currencies. "The Rupee logged its steepest single-day fall in nearly two ...Read More
New Delhi, January 10: Prime Minister Narendra Modi marked his podcast debut on Zerodha co-founder Nikhil Kamath's series, People By WTF. In the two-hour-long episode, PM Modi discussed diverse topics, including his childhood, India's technological advancements, and the parallels between politics and entrepreneurship. "This is my first podcast. This world is completely new to me," PM Modi began with a smile, setting a candid tone. Kamath, admitting his non-native fluency in Hindi, was reassured...Read More
Mumbai: The rupee declined 14 paise and touched the crucial 86.00-mark (provisional) for the first time against the US dollar Friday as it failed to resist pressure from a stronger American currency and huge outflow of foreign funds. Surging crude oil prices overseas and negative sentiment in domestic equity markets also weighed down the Indian currency, forex traders said. Also, dollar strengthened on increased demand amid the anticipation of restrictive trade measures by the new US administr...Read More
BENGALURU (Reuters) - India's CESC, a power generation and distribution company, reported a fall in third-quarter profit on Friday, due to higher tax expenses and lower regulatory income. The company's consolidated profit fell 5.7% year-on-year to 2.65 billion rupees ($30.8 million) for the three months ended Dec. 31. Total tax expenses rose 27% to 800 million rupees. Regulatory income, which includes adjustments related to fuel cost, purchase of power and other fixed costs, fell to 3 billion...Read More
New Delhi: Gold prices saw a significant rise of Rs 330, reaching Rs 79,720 per 10 grams in the national capital on Thursday. The increase was attributed to persistent buying by jewelers and retailers, according to the All-India Sarafa Association. On Wednesday, gold had closed at Rs 79,390 per 10 grams. Silver also followed the upward trend, climbing Rs 130 to Rs 90,630 per 10 grams, compared to its previous session's close of Rs 90,500 per 10 grams. Also Read: Today's Gold and Silver Prices...Read More
NEW DELHI (Reuters) - India's sugar mills can easily export up to 2 million metric tons of the sweetener this season as domestic supply prospects improve and local prices show a downward trend, the head of a leading industry body said on Wednesday. "The supply situation looks better than initially expected, which is why the government should allow mills to export at least a million or a couple of million tons of sugar," Deepak Ballani, director general of the Indian Sugar Mills Association, tol...Read More
Mumbai, Dec 17 (PTI) The rupee consolidated in a narrow range and settled for the day higher by 1 paisa at 84.90 (provisional) against the US dollar on Tuesday, weighed down by disappointing trade balance data and weak domestic markets. Forex traders said the rupee is likely to remain under pressure due to concerns over slowdown in the economy and dollar demand from importers and foreign banks. At the interbank foreign exchange, the rupee opened at 84.89 and touched an all-time low of 84.93 ag...Read More
New Delhi, Dec 13 (PTI) The Supreme Court on Friday granted conditional future bail to former West Bengal minister Partha Chatterjee in a money laundering case related to the cash-for-job scam. A bench of Justices Surya Kant and Ujjal Bhuyan said that Chatterjee shall be released on February 1, 2025 subject to the trial court framing charges before the winter vacation and examination of vulnerable witnesses by the second and third week of January 2025. The top court said upon his release Chatt...Read More
New Delhi [India], December 12 (ANI): Stock indices in India continued to remain in red throughout Thursday's session. Sensex closed at 81,263.84 points, down 262.30 points or 0.32 per cent, while Nifty closed at 24,538.85 points, down 102.95 points or 0.42 per cent. Indian stock markets opened flat as consolidation continued. "The market continued to remain range-bound ahead of domestic CPI data and a weakening rupee. Though inflation is anticipated to drop, investors are maintaining a close...Read More
New Delhi: Comedian-actor Mushtaq Khan, who was recently seen in Stree-2, has managed to escape after being kidnapped from Delhi-Meerut highway. The actor has shared that the kidnappers tortured him for 12 hours and demanded a ransom of one crore rupees to release him. Narrating about the incident, the actor was reportedly lured into Delhi through an invitation of attending an award show in Meerut on November 20. The kidnapper even gave flight tickets and an advance payment to attend the event....Read More
New Delhi: The tragic suicide of Bengaluru-based techie Atul Subhash has sparked nationwide outrage and discussions on marital laws, harassment, and gender dynamics. Bollywood actress and Bharatiya Janata Party (BJP) MP Kangana Ranaut weighed in on the incident on Wednesday, expressing grief over the tragedy. Atul Subhash, a 34-year-old techie was found hanging in his residence in the Manjunath Layout area of Bengaluru. His suicide note, spanning 24 pages, alleged severe harassment by his wife,...Read More
Mumbai, Dec 11 (PTI) The rupee fell 2 paise to all-time low of 84.87 against the US dollar in early trade on Wednesday, amid rising expectations of a shift in the Reserve Bank's monetary policy stance post the appointment of Sanjay Malhotra as the new RBI governor. Forex traders said markets now expect a rate cut in the upcoming monetary policy in February. While a muted tone in the domestic market and the overall strength of the US dollar index further pressurised the rupee. At the interbank ...Read More
(Bloomberg) -- Indian bonds are poised to gain while the rupee is set to weaken as analysts bet on a softer monetary policy after the government named career bureaucrat Sanjay Malhotra as the new Reserve Bank of India governor. Most Read from Bloomberg Malhotra, a surprise pick, will take charge from Shaktikanta Das under whom the RBI kept borrowing costs unchanged for almost two years. While Malhotra's views on monetary policy are largely unknown, he recently urged revenue officials to priori...Read More
The Reserve Bank of India raised the interest rate caps on Foreign Currency Non-Resident Bank (FCNR-B) deposits to attract more capital inflows, amid pressures on the rupee. Starting December 6, banks can offer higher rates -- up to 400 basis points for 1-3 year deposits and 500 basis points for 3-5 year deposits -- until March 31, 2025. This move comes as the rupee faces volatility.The Reserve Bank of India on Friday announced a raise in the interest rate caps on the Indian diaspora's foreign c...Read More
Mumbai, Dec 6 (VOICE) The RBI on Friday increased the interest rate ceilings on Foreign Currency Non-Resident Bank deposits or FCNR (B) deposits which will enable NRIs to earn more on their savings.The move is aimed at attracting more foreign capital at a time when the Indian rupee has come under pressure as foreign investors have been pulling money out of the Indian stock markets resulting in hot money outflows. FCNR(B) deposits are accounts where Non-Resident Indians (NRIs) can hold their ear...Read More
NEW DELHI (Reuters) - The Reserve Bank of India on Friday raised the interest rate ceiling that banks can offer for foreign currency non-resident (FCNR-B) deposits to boost forex inflows at a time when the currency has been regularly hitting all-time lows. A FCNR-B is a term deposit account that non-resident Indians (NRIs) can open with banks in a foreign currency. Since the account is maintained in a foreign currency, the depositor is not exposed to exchange rate risk, making it attractive for...Read More
New Delhi, Dec 4 (PTI) "On the face of it you are a corrupt person. Crores of rupees were recovered from your premises," the Supreme Court on Wednesday told former West Bengal minister Partha Chatterjee, held in an alleged cash-for-job scam in the state. A bench of Justices Surya Kant and Ujjal Bhuyan, which reserved its verdict on the bail plea of Chatterjee, questioned the enforcement directorate (ED) over his continued incarceration saying he cannot be kept inside for an indefinite period. ...Read More
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 3 (PTI) Third-party logistics provider Shadowfax Technologies on Tuesday said it has recorded an adjusted PAT (profit after tax) of Rs 2 crore in FY24, against a loss of Rs 123.8 crore in the preceding fiscal. Adjusted PAT includes costs related to Employee Stock Ownership Plans (ESOPs). Also Read | What Is 'Tankhah', Religious Punishment Given to Sukhbir Singh Badal by Akal Takht in 2015 Sacrilege Case?. Revenue grew 33 per cent from Rs 1,415 crore in FY23 to Rs 1,885 crore in...Read More
New Delhi, Dec 3 (PTI) Third-party logistics provider Shadowfax Technologies on Tuesday said it has recorded an adjusted PAT (profit after tax) of Rs 2 crore in FY24, against a loss of Rs 123.8 crore in the preceding fiscal. Adjusted PAT includes costs related to Employee Stock Ownership Plans (ESOPs). Revenue grew 33 per cent from Rs 1,415 crore in FY23 to Rs 1,885 crore in FY24, according to a company statement. The Bengaluru-headquartered firm said it has "significantly diversified" its re...Read More
One of the main reasons for the depreciation of INR has been the broad-based strength of the USD The rupee fell 4 paise to an all-time low of 84.76 against the US dollar in early trade on Tuesday, as the strength of the American currency in the overseas market and unabated foreign portfolio outflows dented investor sentiments. Forex traders said the depreciation in the rupee was largely because of Donald Trump's rhetoric on BRICS currency, political instability in the Eurozone, weaker domestic...Read More
Anurag Chourasia from Bilaspur will be on the hotseat in Kaun Banega Crorepati 16, sharing his love for technology with host Amitabh Bachchan. He helps farmers with job opportunities under MNREGA and hopes to win enough prize money to build a home with a jacuzzi. The show airs Monday to Friday at 9 PM.This week on Kaun Banega Crorepati 16, hosted by the legendary Amitabh Bachchan, viewers will see Anurag Chourasia from Bilaspur, Chhattisgarh grace the hotseat. Anurag works in the government sect...Read More
Rupee has maintained its position as one of the best performing Asian currencies, despite the ongoing challenges and geopolitical crisis in the Middle East. Pankaj Chaudhary, Minister of State for Finance on Monday said that this stance indicates India's strong economic fundamentals. In a written reply in the Lok Sabha, he mentioned that Rupee's is market-determined, not limited to any target or specific level. He noted that, as of November 19, 2024, the domestic currency had dropped 1.4 perce...Read More
At the interbank foreign exchange, the rupee opened at 84.45 and moved in a tight range and touched 84.47 against the greenback, registering a fall of 7 paise over its previous close. The rupee fell 7 paise to trade at 84.47 against the US dollar in early trade on Thursday (November 28, 2024) weighed down by a muted trend in domestic equities and strength of the American currency in the overseas markets. Forex traders said the latest Federal Open Market Committee (FOMC) minutes reveal a signif...Read More
Adani Enterprises Ltd. and Wilmar International Ltd. are considering delaying a proposed sale of at least 12% in their Indian food venture after a US bribery indictment against the billionaire-founder Gautam Adani, according to people familiar with the matter. Adani Wilmar Ltd., an equal joint venture between India's Adani Group and the Singapore-based commodity trader, was slated to start the share sale this month to comply with local securities law that requires at least 25% of the holding t...Read More
A food vlogger's Instagram post on a cup of chai worth over a lakh rupees is gaining attention online. The cup of chai comes with 24-karat gold leaf and a croissant sprinkled with golden dust. As a souvenir, the customer can take home the original silver cutlery that comes with it. Netizens did not have a pleasant reaction to this unusual twist on a traditional beverage, criticizing its exorbitant price and questioning the need for gold in a humble cup of chai. It's sparked mixed reactions onlin...Read More
A primary school teacher was arrested by the Malda cyber crime police on Saturday in connection with a large-scale online fraud involving the state government's 'Taruner Swapno' scheme. Advertisement https://images.indianexpress.com/2020/08/1x1.png Police said that the arrested accused, Manojit Burman, a resident of Dinhata and a teacher at a primary school in Sitai block, is suspected of being involved in a cybercrime ring that siphoned off funds meant for students to purchase tablets....Read More