CATEGORIES

HCL profit up 11% at ₹4,235 crore; raises '25 revenue growth guidance

IT services firm HCLTech on Monday reported better-than-expected earnings for the second quarter ending September 30, which has given it confidence to raise the lower end of its FY25 revenue growth guidance from 3%-5% to 3.5%-5%.

Retrospective levy of cess bleeds auto sector

THE retroactive clarification issued by the GST Council regarding compensation cess is causing significant turmoil in India's automobile sector as companies are now facing show cause notices demanding payment on past vehicle sales.

'Power generation capacity needs to rise 4-fold by 2047'

THE country will be required to increase its power capacity fourfold by 2047 to meet anticipated demand of 708 gigawatts, according to power minister Manohar Lal.

'PV sales growth in FY25 will remain below 5%'

PASSENGER vehicle (PV) sales are likely to rebound in the second half of FY25 and the industry expects to clock sub-5% growth in the full financial year, said Shailesh Chandra, president of the Society of Indian Automobile Manufacturers (SIAM) on Monday. Chandra is also the managing director of Tata Motors Passenger Vehicles.

White goods PLI scheme: 38 applicants apply

NEARLY 38 companies, including Daikin, Voltas and Blue Star have filed applications with proposed investments of ₹4,121 crore under the production-linked incentive scheme for white goods in the third round, an official said on Monday.

RBI governor Das asks banks to remain alert in social media space

RESERVE Bank Governor Shaktikanta Das on Monday asked banks to remain alert in the social media space and also strengthen their liquidity buffers given the risks arising from the growing digitisation of the financial markets, which if not addressed well will lead to financial stability risks.

INR down at 84.07, analysts say nothing to worry about fall in domestic currency

RUPEE continued to plumb more depths closing the day in the red again falling to 84.0725 against the dollar, losing 0.8 paise from the previous close of Friday. But analysts see no worries about the fall saying crossing 84 level is not alarming.

Kyiv destroys army transport plane in Russia

KYIV said on Monday its forces had destroyed a Russian military transport plane stationed at an airfield deep inside Russian territory over the weekend, the latest Ukrainian claim of an attack behind Moscow's lines.

At least 21 killed in Israeli airstrike on apartment building in Lebanon

At least 21 killed in Israeli airstrike on apartment building in Lebanon

1.25 lakh marooned in Sri Lanka after flooding

THREE people have lost their lives and over 1,25,000 marooned after Sri Lanka witnessed extreme weather conditions in 12 districts prompting authorities to close all schools in the capital region on Monday after heavy rains triggered floods in the island nation.

Another armed man at Don's rally, no shots fired at ex-Prez

A Nevada man with a shotgun, loaded handgun, ammunition and several fake passports in his vehicle was arrested at a security checkpoint outside Donald Trump's rally on Saturday night in Southern California, authorities said.

Cong to get 1 berth in Omar cabinet, Farooq in RS likely

Formula may help NC run a smooth coalition govt with Cong in J&K

Lost 35 cadres in encounter on Oct 4: Maoists

THE outlawed CPI (Maoist) issued a press statement citing that they had lost their 35 'comrades' in an exchange of fire with the security forces along the inter-district border area of Dantewada and Narayanpur in south Chhattisgarh on October 4.

RG Kar deadlock deepens as talks between docs & govt fail amid hunger stir

WITH junior doctors continuing their hunger strike demanding justice for their RG Kar college hospital victim, the state chief secretary on Monday convened meetings with various doctors' bodies to resolve the impasse.

Crackdown on narco-trade will continue: Shah

COMMENDING the efforts made by Delhi and Gujarat Police forces in seizing drugs worth 13,000 crore, Union Home Minister Amit Shah on Monday said that the hunt against narco-trade and its syndicate would continue with full vigour, as the government has 'zero-tolerance' against the menace to protect youth.

Main conspirator's brother in police net, tight security at Salman house

TWO days after the killing of NCP leader Baba Siddique, the Mumbai Police has stepped up security outside superstar Salman Khan's Galaxy Apartment in Bandra.

Communal tension grips UP town a day after boy killed in firing incident

THE communal tension, which gripped Mahsi tehsil of Bahraich district following the killing of one person by the bullet fired by members of other community when a procession carrying idol of Goddess Durga was on way for immersion on Sunday, witnessed a further escalation with protestors resorting to arson and vandalism against the district police on Monday.

BJP may contest 9 seats, leave 1 for RLD in UP bypolls

HARYANA assembly poll outcome seems to have pushed the ruling BJP to be more accommodative as far as the jat support is concerned.

Soren raises aid to women ahead of polls

IN a decision ahead of the upcoming Assembly polls in Jharkhand, the state raised the monthly honorarium of ₹1,000, given under 'Mukhyamantri Maiyan Samman Yojana,' to ₹2,500. It will be effective from December this year.

Army ropes in civilian copters for remote posts

IN a move aimed at bolstering logistics support to remote forward posts, the Indian Army has entered into a first-of-itskind contract with civil aviation service providers for helicopter support to the posts along the Northern and Western borders that are cut off during the winter, Army officer said on Monday.

Maha CM to be decided only after polls: Cong

Allies, including Shiv Sena (UBT) and NCP (SP), on the same page on contesting election, says Ramesh Chennithala

MahaYuti sops: No toll for light vehicles, school buses at Mumbai entry points

AHEAD of the Maharashtra Assembly polls, a cabinet meeting headed Chief Minister Eknath Shinde on Monday decided to waive road tax (toll) for light vehicles on all five access check nakas in Mumbai from October 14 night.

Oppn MPs stage walkout of Waqf Bill panel meet, may approach Speaker

WITH the Centre asserting that it will pass the Waqf (Amendment) Bill 2024 during the upcoming session of Parliament, Opposition MPs are mulling to approach the Lok Sabha Speaker to address several concerns about the Joint Parliamentary committee examining the proposed legislation. The committee has to submit its report to the Lok Sabha by the last day of the first week of the next Parliament session.

Relief to Tharoor in defamation proceedings

THE Supreme Court on Monday in its order extended by four weeks the stay on the trial court proceedings against Congress MP Shashi Tharoor in a defamation case filed for his alleged “scorpion on Shivling” remark targeting Prime Minister Narendra Modi.

DRAFT SPORTS BILL: A FEW POINTS NEED CLOSER LOOK

IF the Draft National Sports Governance Bill 2024 becomes law, sports management in the country will see a big change.

NEED TO CHOKE DRUG ROUTES TO CRIPPLE GANGS, CURB MENACE

THAT Kerala is in the grip of a drug menace is not new. It's the scale and newer methods of distribution that are disturbing.

BEWARE THE SHADY TRAPS OF E-COMM THIS FESTIVE SEASON

Dark patterns are well-crafted interface design tricks that seek to gain at the consumer's expense. This festive season, buyers must watch out for such shady practices

Plea seeks suspension of online ops of insurance firm over data breach

A petition has been filed in the Madras High Court by a cyber security researcher seeking orders for suspension of the online operations of Star Health Insurance for breach of critical data of the clients.

GoI funds for SC/ST welfare fully spent: Min

ADI Dravidar Welfare Minister M Mathihventhan on Monday denied the allegations made by AIADMK general secretary Edappadi K Palaniswami on various counts and asserted that the state government has spent the entire funds provided by the centre for SC/ST welfare.

TNSTC operates 5 pvt buses during pooja holidays amid stiff opposition

IN the face of strong opposition from trade unions associated with the CPM, AIADMK and others, the Villupuram division of TNSTC has begun hiring private vehicles on a Gross Cost Contract (GCC) basis to meet the transportation demand during festival season.