India

  • Godrej Industries logs Rs 106 cr consolidated net profit in Q1
    MUMBAI, AUGUST 13 (IANS): Godrej Industries on Thursday reported a consolidated net profit of Rs 106.17 crore for the April-June quarter. During the corresponding period of the last fiscal, the company had reported a consolidated net profit of Rs 178 crore. In a regulatory filing, the company said that the consolidated results are not comparable on a year-on-year basis in view of acquisitions and changes in the company's or the group's shareholdings during the period in s
  • Last doctor standing: Pandemic pushes Indian hospital to brink
    BHAGALPUR, August 13(Reuters): Guards armed with rifles escort Dr. Kumar Gaurav as he makes the rounds at his hospital on the banks of the Ganges River. The guards are there to protect him from the relatives of patients, including those suffering from COVID-19. The relatives keep barging into the wards, even the ICU, to stroke and feed their loved ones, often without wearing even the flimsiest of masks as barriers against the novel coronavirus. "If we stop them, they ge
  • 'One of our own.' Indians cheer Biden's pick of Kamala Harris as White House running mate
    CHENNAI, August 12 (Reuters): On annual trips to India as a child, Kamala Harris would go for strolls on the humid beaches of Chennai with her maternal grandfather and his friends, listening intently as they chatted about democracy and the need to treat everyone equally. Harris, born to an Indian mother and a Jamaican father who both immigrated to the United States to study, made history on Tuesday when U.S. Democratic presidential candidate Joe Biden picked her as his vice pre
  • PM to launch platform for honouring honest taxpayers
    NEW DELHI, AUGUST 12 (IANS): Prime Minister Narendra Modi will launch a platform to honour honest taxpayers on Thursday. The launch of the platform for 'Transparent Taxation - Honoring the Honest' will further carry forward the journey of direct tax reforms, said an official statement. Union Minister of Finance and Corporate Affairs, Nirmala Sitharaman and Minister of State for Finance and Corporate Affairs, Anurag Singh Thakur will also present at the launch which will b
  • Exclusive: India considers resettling Kashmiri youth who give up arms
    NEW DELHI/SRINAGAR, August 12 (Reuters): India is considering offering young Kashmiri militants an escape from a life of violence by temporarily resettling them in more peaceful parts of the country, according to the top military commander in the Kashmir Valley. Lieutenant General B.S. Raju revealed the plan for a new scheme to offer a way out of militancy during a telephone interview from his headquarters in Srinagar, Kashmir's main city. He told Reuters recommendations
  • Derogatory social media post accused arrested in B'luru
    BENGALURU, AUGUST 12 (IANS): City police have arrested the person accused of posting a derogatory message which triggered riots in Bengaluru east last night, an official said on Wednesday. "With regard to the incidents in D.J. Halli, accused Naveen was arrested for posting derogatory posts," said city Police Commissioner Kamal Pant. Naveen is said to be the relative of Congress MLA Akanda Srinivas Murthy. Following his social media post, irate mobs resorted to riotin
  • Derogatory social media post accused arrested in Bengaluru
    3 dead, 110 arrested for rioting over Facebook post   Bengaluru, August 12 (IANS): City police have arrested the person accused of posting a derogatory message which triggered riots in Bengaluru east last night, an official said on Wednesday. "With regard to the incidents in D.J. Halli, accused Naveen was arrested for posting derogatory posts," said city Police Commissioner Kamal Pant. Naveen is said to be the relative of Congress MLA Akanda Srinivas Murthy.
  • India's COVID-19 lockdown threatens efforts to stop spikes in child marriage
    MUMBAI, August 12 (Thomson Reuters Foundation): When the police knocked on the door as 15-year-old Muskaan prepared to head to the temple in their village in northern India, the bride-to-be was distraught. With a sick father and unemployed brother, Muskaan believed that getting married to a distant relative's son would alleviate the financial burden on her family and offer a better future. Yet a tip-off to the authorities in June by local activists concerned about a spik
  • Reliance at record high of 96 in Fortune Global 500, tops Indian contingent
    NEW DELHI, AUGUST 11 (IANS): Reliance Industries Ltd (RIL) jumped 10 places to rank 96th in the Fortune Global 500 published on Tuesday. Its highest ranking so far was at 99 in 2012. In 2019, Reliance became India's top name in the Fortune Global 500 listing, drawn up on the basis of revenues. This year, too, Reliance maintained its pole position among Indian companies in the list. India has seven companies figuring in the 2020 edition. The 96th rank that Reliance Industries
  • CAIT seeks barring Huawei, ZTE from India's 5G plans
    NEW DELHI, AUG 11 : The Confederation of All India Traders (CAIT) on Tuesday wrote to Union Minister for Communications Ravi Shankar Prasad seeking a ban on Chinese technology companies Huawei and ZTE from the 5G network rollout in India. The traders' body has been at the forefront of the protests against any form of participation of Chinese companies in the Indian market, ranging from retail to technology, and has been running a campaign for the same, post the border skirmish i
  • Galaxy Note20 pre-registration hits 5 lakh in India: Samsung
    NEW DELHI, AUGUST 11 (IANS): Samsung on Tuesday said that the pre-registration for its 'Make in India Galaxy Note20 smartphone crossed more than 5 Lakh this year, which is more than double the figure the company achieved last year with Galaxy Note10. The South Korean major last week opened pre-booking for its Galaxy Note20 series in India, The 6.7-inch Galaxy Note20 (8GB+256GB) was launched at the original price of Rs 77,999 while the 6.9-inch Galaxy Note20 Ultra 5G (12GB+256GB)
  • India records 62,064 new corona cases, record over 1,000 deaths
    New Delhi, August 10 (IANS): India, the third country worst hit by COVID-19 pandemic, recorded a spike of 62,064 coronavirus cases on Monday, pushing the total tally to 2,215,074. The country tested a record over 1,000 deaths in a single day. The number of recoveries mounted to over 15 lakh, more than twice the active cases. Out of the total cases, 6,34,945 are active cases, 1,535,743 have recovered from the disease while 44,386 people have lost their lives in the fight against
  • IndusInd bank picks stake in Eveready, McLeod Russel
    NEW DELHI, AUGUST 9 (IANS): IndusInd bank has acquired more than 7 per cent stake in both Eveready Industries India and McLeod Russel India by invoking pledged shares. The bank invoked pledge on more than 56.83 lakh equity shares of Eveready Industries to pick up 7.82 per cent stake in the battery maker. "The equity shares of Eveready Industries India Ltd held by Williamson Magor and Co Ltd were pledged with the bank for securing the outstanding dues of Seajuli Developers &a
  • Rural economy still strong on record procurement of farm produce: PM
    NEW DELHI, AUGUST 9 (IANS): As the pandemic severely hits the economy, Prime Minister Narendra Modi said the rural economy of India is on a strong footing, bucking the overall economic slowdown, courtesy the 'record' procurement of farmers' produce by the government. Speaking at the launch programme of the Rs 1 lakh crore Agriculture Infrastructure Fund, Modi said it was due to the farmers that the country did not have to face problems in terms of essential food items du
  • India records 64K+ cases in 1 day, tally now at 21,53,011
    New Delhi, August 9 (IANS) India, the third-worst COVID-hit country globally, recorded a single-day spike of 64,399 coronavirus cases, pushing its total tally to 21,53,011. Out of the total 21,53,011 cases, 6,28,747 are active cases, 14,80,884 have recovered from the deadly virus while 43,379 people have died. A total of 53,879 persons recovered and were discharged in the last 24 hours, while, 861 others lost their lives while battling the virus in just one day. The government
  • Armies of India, China discuss disengagement in Depsang plains
    New Delhi, August 8 (IANS): The talks between military representatives of India and China to discuss disengagement in the Depsang plains north of Galwan area started on Saturday morning near the Line of Actual Control, sources said. The sources said that the Major General-level talks between Indian and Chinese armies is taking place at Daulat Beg Oldie for the de-escalation of troops and material in the Depsang plains. General Officer Commanding of 3 Mountain Division, Major Gene
  • Pandemic woes, global uncertainties subdue stock markets
    MUMBAI, AUGUST 7 (IANS): Rising Covid-19 cases, along with the uncertainty surrounding global growth, subdued the Indian equity market on Friday. Consequently, both the main indices ended on a flat note. However, broader market indices like the BSE Mid Cap and Small Cap gained more, thereby outperforming both the Sensex and the Nifty. The market breadth remained positive on both the key indices. Sectorally, BSE Power, Telecom, Auto, Metal and FMCG indices made gains, whereas t
  • Adani Electricity sells Rs 202 crore worth stock in Yes Bank
    NEW DELHI, AUGUST 7 (IANS): Adani Electricity Mumbai Ltd (AEML) has sold shares worth Rs 202 crore in Yes Bank. This was done through an open market transaction on Thursday. AEML sold off 15 crore shares which represented 1.19 per cent stake in Yes Bank for an average price of Rs 13.45 per share, according to data from NSE. On the other hand, Life Insurance Corp of India had said that it has bought additional shares of the lender through open market purchases. Last week, Moody
  • Wait of centuries is over, Modi says, as Ayodhya temple construction begins
    AYODHYA, August 5 (Reuters): Prime Minister Narendra Modi on Wednesday launched the construction of a Hindu temple on a site that has been contested by Muslims for decades in a dispute that has sparked some of India's bloodiest communal violence. The Supreme Court ruled last year that Hindus, who believe the site in Ayodhya is the birthplace of Lord Ram, a physical incarnation of the Hindu god Vishnu, be allowed to build a temple there, ending years of litigation.. Modi,
  • Bihar flood victims left stranded on railway platforms
    GOPALGANJ, August 5 (IANS): A resident of Devpur village in Gopalganj district, Mukesh Kumar is homeless after his makeshift house collapsed in the surging waters of the Gandak river. His family has now taken shelter on a platform at Ratansarai railway station. It was not only the kuccha houses but old pucca houses, too, which could not withstand the raging waters of the Gandak river this year. A portion of the house of Manoj Giri, a Thana road resident, has also given way. Manoj