• 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
  • Lalu Prasad shifted to RIMS director's house
    RANCHI, AUGUST 5 (IANS): Jailed former Bihar Chief Minister and Rashtriya Janata Dal (RJD) president Lalu Prasad was shifted from the paying ward of the Rajendra Institute of Medical Science (RIMS) to its director's residence, here on Wednesday, to protect him from Covid-19 infection. Shifting has been done on the direction of the jail administration after the security guards and some medical employees of the RIMS paying ward tested Covid-19 positive. Meanwhile, two former Mi
  • Landslides disrupt road, rail traffic to and from Goa
    PANAJI, AUGUST 5 (IANS): Rail and road traffic to and from Goa was disrupted on Wednesday due to landslides along the Goa-Karnataka border following heavy rain in the region. A statement issued by the Chief Minister's Office said that National Highway 48 which connects Goa to Karnataka's Belgavi district has been affected by a landslide. "There has been a landslide at Chorla ghat road. It will take six hours to clear the road. Public is advised not to travel via the
  • Militants attack in Indian Kashmir as it locks down for anniversary
    SRINAGAR, August 5 (Reuters): Militants attacked Indian security forces with a grenade and gunfire in Kashmir on Wednesday, defying a strict security lockdown on the first anniversary of the government's scrapping of the disputed Himalayan region's autonomy. There were no immediate reports of casualties, police said. Authorities blanketed Kashmir with troops, who laid out barbed wire and set up road blacks to prevent demonstrations a year after Prime Minister Narendr
  • 52K new COVID-19 cases, 803 deaths in India in 24 hours
    New Delhi, August 4 (IANS): With 52,050 new coronavirus (Covid-19) cases and 803 deaths in the last 24 hours, India's overall caseload stood at 18,55,745 while the total fatalities increased to 38,938, data from the Ministry of Health and Family Welfare revealed on Tuesday. The country had crossed the 18-lakh mark on Monday. Currently, 5,86,298 cases are active and 12,30,509 people have recovered from the disease. India has one of the lowest Case Fatality Rate (CFR) at 2.09 p
  • Imran Khan unveils new map that shows Kashmir as part of Pakistan
    Islamabad, August 4 (IANS): On the eve of the first anniversary of the revocation of the contentious Article 370 and Article 35A, Pakistan Prime Minister Imran Khan unveiled a new political map which includes the UT of J&K as part of Pakistan on Tuesday. Khan has decided to present the new political map at the United Nations as well. The Imran Khan cabinet approved the new map in which the complete Jammu and Kashmir, is shown integrated with Pakistan. The illegal map shows J&
  • 'Speaker Brother': Loudspeakers teach Indian children after virus shutters schools
    DANDWAL, India, August 4 (Reuters): One overcast morning in a farming village in hilly western India, a group of schoolchildren sat on the mud floor of a wooden shed for their first class in months. There was no teacher, just a voice from a loudspeaker. The recorded lessons form part of an initiative by an Indian non-profit spread over six villages that aims to reach 1,000 students denied formal classes since the coronavirus pandemic forced schools to close four months ago.
  • COVID-19 fallout: Fiscal deficit may rise 6.8 pc of GDP in FY21
    NEW DELHI, AUGUST 3 (IANS): With economic disruptions set for a long haul due to COVID-19 pandemic, India could see its fiscal deficit this year to balloon to over 6.8 per cent of Gross Domestic Product (GDP), brokerages analysing the first quarter deficit numbers have said. The Controller General of Accounts on Friday said that country's fiscal deficit has expanded to 83 per cent of Budget Estimate in the April-June quarter primarily due to lower tax collection and higher expen
  • Amit Shah tests positive for Covid, admitted to hospital
    New Delhi, August 2 (IANS):  Union Home Minister Amit Shah on Sunday announced that he has tested positive for coronavirus and has got himself admitted in a Delhi hospital. Taking to Twitter, Shah said that he got himself tested because there were "initial signs" of coronavirus. He said that he is fine but is getting admitted to a hospital on advice of doctors. Shah also urged everyone who came in contact with him in recent days to isolate themselves and get tested
  • Amazon aims to hire 'many more' people in India
    SAN FRANCISCO, JULY 31 (IANS): Amazon is planning to get more sellers on board as the company focuses on digitising a lot of micro, small and medium-sized businesses in India and hiring many more people, a top company executive has said. During an earnings call with investors on Thursday, David Fildes, Director-Investor Relations at Amazon said that the company was putting a lot of focus on the India market. His comments came on the heels of the company's announcement last we
  • SMBs, startups to launch over 1,000 products on Amazon Prime Day
    BENGALURU, JULY 30 (IANS): Over 100 small and medium-sized businesses and start-ups on will be launching more than 1,000 new products across 17 categories on Prime Day in India that starts at midnight on August 6 and will run for 48 hours, the e-commerce giant said on Thursday. Startups and small businesses from Amazon's Launchpad programme will be launching differentiated products across categories like health and personal care, beauty and grooming, grocery and home p
  • Collapse of telecom, aviation sectors to cost thousands of jobs: PC
    NEW DELHI, JULY 30 (IANS): Former Union Finance Minister P. Chidambaram has hit out at the government over the looming economic crisis in the country and warned that collapse of the telecom and aviation sectors will cost thousands of jobs. "Millions have lost their jobs or livelihood in the last 12 months. The collapse of two major industries - telecom and aviation - will cost many more thousands of direct and indirect jobs," Chidambaram said in a statement. The Congres
  • UP village celebrates its Rafale pilot
    BALLIA, July 29 (IANS): The Bakwa village in Bansdih in Ballia district broke into a jig the moment five Rafale fighter jets landed at the IAF airbase in Ambala on Wednesday, as Wing Commander Manish Singh, who belongs to this village, piloted one of the aircraft from France. Manish's father, Madan Singh, is a retired army jawan. "I have distributed sweets in the entire village because my son is a part of a history-making initiative. People are also bursting crackers and li