CATEGORIES

Govt Must Shift Capex Focus to Social Sectors

As pre-budget consultations got over on Monday, industry representatives and analysts want the government to continue its thrust on capital expenditure (capex), albeit with a shift in sectoral focus.

Rupee hits new low of 85.83 on strong dollar

THE rupee continued to its southward-ho for the fourth month, losing 4 paise to close at a new low of 85.83 on Monday, weighed in the blood bath on the equity markets amid persisting bearish tilt.

RBI adds 8 tn gold in Nov; reserves up 73 tn to 786 tn in '24

THE Reserve Bank continued its gold haul, adding 8 tonne to the strategic reserves in November, taking the annual additions in the 11 months to 73 tonne, with this the total reserves stood at 786 tonne.

Budget Should Address Ailing Affordable Housing Market: Realty Sector

The real estate sector is seeking big reforms from the upcoming Union budget for FY26 (to be tabled on Feb 1, 2025) to revive sentiments amid a decline in transaction activity.

Venture capital-backed companies surpass $50 bn in public market cap

THE country's start-up ecosystem is increasingly becoming a driving force behind the country's economic progress, with VC-backed companies crossing $50 billion in public market capitalization, said Shekhar Kirani, Partner at Accel.

Telcos may report 5-6.5% QoQ rise in ARPU in Q3

TELECOM service providers are expected to report a 5-6.5% quarter-on-quarter (QoQ) increase in average revenue per user (ARPU) in their Q3FY25 results, according to a report by Centrum.

RBI Consolidates Credit Information Reporting

CONSOLIDATING its directions on credit information reporting in a master circular, the Reserve Bank on Monday asked credit information companies (CICs) to alert customers when their credit information reports (CIRs) are accessed while making it mandatory on credit institutions (CIs) like banks and non-banks, to provide reasons for rejecting data correction requests from individuals.

HMPV virus fears drag mkt down

Sensex ended 1.6% lower at 77,965, while Nifty declined 1.6% to settle at 23,616

Korean investigators seek extension of warrant as they fail to detain Yoon

IMPEACHED South Korean President Yoon Suk Yeol evaded arrest after a Monday deadline passed, but anti-graft investigators were likely to be granted more time to enforce the warrant.

Musk trying to undermine UK democracy, says Starmer

BRITISH Prime Minister Keir Starmer on Monday condemned 'lies and misinformation' that he said are undermining UK democracy, in response to a barrage of attacks on his government from Elon Musk.

Ready to free 34 hostages, says Hamas

A Hamas official said on Sunday the group was ready to free 34 hostages in the \"first phase\" of a potential deal with Israel, after Israel said indirect talks on a truce and hostage release agreement had resumed in Qatar.

Far right in Austria to form govt first time since WW2

THE leader of Austria's Freedom Party received a mandate on Monday to try to form a new government, which would be the first headed by the far right since World War II if he succeeds.

Biden Block on Oil, Gas Drilling in US Water to Deter Don

Trump Pushes Back, Says Presidential Order Will Be Reversed After Inauguration on Jan 20

B'desh tribunal issues second arrest warrant against Hasina, 11 others

BANGLADESH's International Criminal Tribunal (ICT) on Monday issued arrest warrants against deposed prime minister Sheikh Hasina and 11 others, including former military generals and an ex-police chief, for their alleged role in incidents of enforced disappearances.

Uproar over Ajit minister's 'role' in Beed murder

MAHARASHTRA deputy CM Ajit Pawar on Monday held a crucial meeting with his party colleague and minister Dhananjay Munde as pressure mounted on him to sack the latter over his alleged links with Walmik Karad, the Massajog Sarpanch murder mastermind.

Several feared stuck in flooded Assam coal mine

SEVERAL people were feared trapped inside a coal mine in the Umrangso area of Assam's Dima Hasao hill district on Monday, after a sudden gush of water flooded the site.

Come to Sangam for Russia-Ukraine peace deal

A solution to the Russia-Ukraine conflict may not have been found on the battlefield, but some hope a solution may present itself at the confluence of the Ganga, Yamuna, and the mythical Saraswati at the serene Sangam in Prayagraj during the Mahakumbh.

Train link in J&K to be extended to border dists: Sinha

AHEAD of direct train connectivity between Kashmir and Delhi, the train service in J&K will be further extended to border town of Uri and Kupwara in north Kashmir and border districts of Poonch and Rajouri in Jammu region.

Paper Leak: 'Fasting' PK arrested, granted unconditional bail shortly

IN a dramatic turn of events, Jan Suraaj founder Prashant Kishor was arrested early Monday for illegally staging a fast-unto-death protest at Gandhi Maidan in Patna. However, he was granted unconditional bail just a few hours after being sent to a 14-day judicial custody.

HC gives 6 wks to act on Union Carbide unit waste

On Dec 3, court ordered shifting of toxic waste to Pithampur in 4 wks

Tiger scare: Assam children escorted to school & back by armed personnel

A group of 18 children on Monday got VIP treatment as they were escorted to their school and brought back home by armed forest guards in Assam.

14 Arrested for Hacking Server, Leaking Online Exam Papers in Jaipur

RAJASTHAN is facing yet another controversy involving a paper leak, as the Jaipur police has arrested 14 people involved in the leakage of an online examination conducted by the National Seeds Corporation.

Waves Already Making Waves Across Genres

Within a month of its launch, the OTT has recorded 1 mn downloads, says Prasar Bharati CEO Gaurav Dwivedi

Rename India Gate to Bharat Mata Dwar: BJP minority morcha to PM

BJP's minority morcha president Jamal Siddiqui on Monday urged Prime Minister Narendra Modi to rename the historic India Gate as 'Bharat Mata Dwar', to foster nationalism and promote Indian culture.

Nurse's death sentence not ratified by Yemen president

INDIA on Monday \"unequivocally\" condemned the Pakistani attack on civilians in Afghanistan, describing it as Islamabad's \"old practice\" of blaming its neighbours for its internal failures.

UGC norms lift cap on contract teacher hiring

THE University Grants Commission (UGC) on Monday released draft guidelines for recruiting Vice Chancellors at universities.

CLEAR THE DELUSION OF DEVELOPMENT

N developing countries like India, Pakistan, or the ones in Africa, new ideas tend to meet with greater resistance than in developed nations.

From panchayat to Parliament, Birla urges women to use AI for innovation

LOK Sabha Speaker Om Birla on Monday urged women representatives from Panchayati Raj Institutions (PRI) to embrace Artificial Intelligence and innovation in order to make their areas more people-oriented.

PM hails rlys infra, services, says bullet train not far away

AMID growing demands for high-speed trains, Prime Minister Narendra Modi on Monday assured the nation that the day India gets its first bullet train is not far off.

2 Women Held With Marijuana Worth ₹9.52 Crore at BPIA

IN one of the biggest drug hauls in recent years, Customs Commissionerate have arrested two women passengers from Biju Patnaik International Airport and seized hydroponic weed (marijuana) worth a whopping ₹9.52 crore from their possession.