Skip to main content

Posts

South African anti-apartheid campaigner Archbishop Tutu dies aged 90

Archbishop Desmond Tutu, Nobel Peace Prize laureate and veteran of South Africa's struggle against white minority rule, has died aged 90, the presidency said on Sunday. Tutu was diagnosed with prostate cancer in the late 1990s and in recent years he was hospitalized on several occasions to treat infections associated with his cancer treatment. from Economic Times https://ift.tt/3mxXke8
Recent posts

Centre has accepted my suggestion for Covid vaccine booster dose: Rahul Gandhi

"The central government has accepted my suggestion for a booster dose -- this is a right step. The protection of vaccines and booster shots would have to be provided to all the people in the country," Gandhi said in a tweet in Hindi using hashtags 'BoosterJab' and 'VaccinateIndia'. from Economic Times https://ift.tt/3szqxsQ

Record IPO binge in 2021 leaves investors hung over

Companies ranging from technology start-ups to blank-check acquisition firms flooded the market with offerings, capitalizing on investors' willingness to place speculative bets as low interest rates and the re-opening of economies thanks to COVID-19 vaccines fueled their appetite for risk. from Economic Times https://ift.tt/3FuVCBB

BJP launches special micro-donation campaign, Modi donates Rs 1,000

BJP president J P Nadda said, "Our Karyakartas will connect with millions of people through this micro-donation campaign. 'Donation' module in the NaMo App will be the medium through which we will collect these donations. I seek the blessings of people to strengthen the world's largest nationalist movement." from Economic Times https://ift.tt/3H8r35h

Cow revered as it provides livelihood to millions: PM Modi

"The cow can be a sin for some people. For us, it is our mother and revered. Those making fun of cows and buffaloes forget that eight crore (80 million) people in the country earn their livelihood through pashudhan (livestock). It is due to these families' hard work that India produces milk worth Rs 8.5 lakh crore," he said. from Economic Times https://ift.tt/3JiutEc

With Akhilesh Yadav under quarantine, Aligarh rally turns Into Jayant show

Yadav's wife Dimple Yadav and daughter had tested positive for Covid-19 on Wednesday, and he is currently in home quarantine. "Due to some family members testing positive for Covid-19, I won't take part in any public meetings for three days taking precautions," Akhilesh Yadav wrote on Twitter. from Economic Times https://ift.tt/3Et082a

HSBC to acquire L&T Mutual Fund for $425 million

L&T Mutual Fund is ranked 12 out of 44 in the Indian mutual fund industry. Equity assets account for Rs 41,000 crore of the total cited above. HSBC is at 23 with assets of Rs 11,314 crore, of which equity accounts for Rs 4,264 crore. L&T Mutual Fund has 2.4 million active folios, is empaneled with leading banks and has a presence in 65 locations. from Economic Times https://ift.tt/3FpTOtz

MedPlus lists at 30.6% gain over issue price

The stock opened at ₹1,040 and closed at ₹1,120.85 on the NSE. The strong listing comes after its ₹1,398-crore IPO was subscribed about 53 times . The quota for qualified institutional buyers was subscribed about 53 times while the portion set aside for high net-worth individuals was subscribed a little over 85 times. The retail portion was subscribed over five times. from Economic Times https://ift.tt/32wqpiK

Karnataka anti-conversion Bill can't infringe upon tribal rights: Ex-Union Minister

Kishore Chandra Deo said not only must the Karnataka government clarify this point of concern on STs but the Centre too must do so as the President will have to give his assent to the bill since there was a possibility of more BJP-ruled states adopting the Karnataka version of the proposed law. from Economic Times https://ift.tt/3JoUvpJ

Opposition protests, passage of key bills marked Winter Session of Parliament

Prime Minister Narendra Modi's announcement on November 19 that the three farm laws will be repealed and the BJP's losses in the byelections in Rajasthan, Himachal Pradesh and West Bengal had led many to believe that the opposition will have an upper hand in the winter session and may even force a washout. from Economic Times https://ift.tt/3mtr8sb

Congress' troubleshooter Harish Rawat runs into trouble at home

The Rawat camp has been unhappy over Yadav's alleged interference and his usurping of the Pradesh Congress Committee (PCC) roles too in the run-up to the assembly election, said people aware of the matter. At Gandhi's rally, Yadav did not leave much space for Rawat and his loyalists, they said. from Economic Times https://ift.tt/3muKVrr

A streetcar named Markets

With talks of central banks across the world raising interest rates to curb inflationary pressures, market volatility is here to stay. The message for investors is shun the lure of easy money and focus on broad investment objectives in this richly valued market. from Economic Times https://ift.tt/3z5Gc4F

Why a Chinese company dominates Electric Car batteries

CATL has given China a commanding lead in electric car batteries, a technology central to the broader green revolution. The company already supplies batteries to almost all of the world's automakers, including GM, Volkswagen, BMW and Tesla. CATL has emerged as one of the biggest winners of the electric car boom, along with Tesla. from Economic Times https://ift.tt/32gO0Ew

MapmyIndia lists at 54% premium

Digital mapping company MapmyIndia's parent CE Info Systems made a strong debut on the bourses Tuesday, with the stock listing at ₹1,581, a 54% premium over its IPO price of ₹1,033 per share. The stock gave up some gains before ending at ₹1,394.55, up 35% over its issue price. from Economic Times https://ift.tt/3edo1jw

Sebi drops case against promoter company of Dish TV

Markets regulator Securities and Exchange Board of India (Sebi) has disposed of a case of alleged insider trading against Dish TV India's corporate promoter Direct Media Distribution Ventures. It was alleged that it had violated provisions of prohibition of insider trading norms, as per an order passed on Tuesday. from Economic Times https://ift.tt/3FkyTZ0

Rajya Sabha adjourned till 2 pm

Chairman M Venkaiah Naidu adjourned the proceedings of the House till 2 pm as Leader of Opposition Mallikarjun Kharge raised objection to BAC allocating three hours for passage of The Election Laws (Amendment) Bill, 2021. from Economic Times https://ift.tt/3mmuqxm

Axis pips Kotak, Indusind for Citi’s India consumer biz

Axis and Citi has signed an exclusivity agreement to hold bilateral negotiations as the Wall Street bank has already informed the others about their decision. Citi has been expecting around $2 billion from the sale as the US bank under CEO Jane Fraser has been looking to exit consumer banking in 13 countries, including India. from Economic Times https://ift.tt/3GYVlXT

UP government tapping SP leaders' phone, CM listens to recordings: Akhilesh Yadav

Yadav's allegation against the BJP government in UP came a day after the income tax department raided the residences of some of his close aides, including SP national secretary Rajeev Rai in Mau and at Yadav's officer on special duty during his tenure as the CM, Jainendra Yadav, in Lucknow. from Economic Times https://ift.tt/32oAP4g

Modi remembers Patel, recalls meeting with Pope at Goa Liberation Day event

Modi's visit to the state on Goa Liberation Day came days before the announcement of assembly elections. He reminisced the contribution of BJP leader and late chief minister Manohar Parrikar to the development of the state. This will be the first election for BJP without the presence of Parrikar, a highly popular leader in Goa. from Economic Times https://ift.tt/3yHu7lE

'No visible sign of sacrilege' says police after man beaten to death in Punjab's Kapurthala gurudwara

A video of people beating up the man who allegedly attempted sacrilege with the Nishan Sahib has gone viral on the Internet. He was later handed over to the police but some people reportedly insisted that the man be questioned in front of them and the man was allegedly beaten to death in an ensuing scuffle. from Economic Times https://ift.tt/32c1D7z

Bangladeshis demand US recognition of 1971 genocide

They were led by US-based Human Rights Congress for Bangladesh Minorities (HRCBM) Executive Director Priya Saha and HRCBM Washington DC Metro Area Coordinator Pranesh Haldar. Demonstrators carried placards and raised slogans demanding US Congress should hold Pakistan responsible for the ‘Bengali genocide.’ from Economic Times https://ift.tt/32huJ5m

Punjab election: BJP to play bigger role in Punjab polls, will contest on 70-80 seats

Top BJP sources told ANI, "We are doing seat-sharing with mutual consent. It has not been decided who will be the face of the coalition. The people of Punjab want a change and BJP is emerging as a big alternative. People also respect Captain Sahab. Because he is a true patriot." from Economic Times https://ift.tt/3IWDX86

Chinese companies linked to CPEC projects evades tax commitments in Bangladesh

Bangladesh authorities have found that a Chinese company China Road & Bridge Corporation (CRBC), a subsidiary of China Communications Construction Company (CCCC) engaged in the construction of road and bridges in Bangladesh is involved in tax evasion while importing construction material for government projects, according to Bangladesh Live News. from Economic Times https://ift.tt/3E6OgD4

If a girl can choose Prime Minister at age of 18, then why not partner: Asaduddin Owaisi

Speaking to ANI, Owaisi said, "This is a very good example of the paternalism of Prime Minister Narendra Modi led government. At the age of 18, an Indian citizen can sign contracts, start businesses, choose Prime Ministers and elect MPs and MLAs. I am of the opinion that the 21 age limit for boys should be reduced to 18." from Economic Times https://ift.tt/3mf8kNm

Macquarie bets on UltraTech, Tata Motors among large-cap themes

With the market in correction mode, investors are looking at large-cap stocks which offer a degree of safety compared to mid and smallcaps, which are likely to see more pain going ahead. Macquarie has listed its top large-cap ideas which include UltraTech Cement, Asian Paints, HDFC Bank, Tata Motors, Bharti Airtel and Hindustan Petroleum Corporation. from Economic Times https://ift.tt/3GKPcP8

US CDC recommends Pfizer, Moderna COVID-19 shots over J&J's

Until now the U.S. has treated all three COVID-19 vaccines available to Americans as an equal choice, since large studies found they all offered strong protection and early supplies were limited. J&J's vaccine initially was welcomed as a single-dose option that could be especially important for hard-to-reach groups like homeless people who might not get the needed second dose of the Pfizer or Moderna options. from Economic Times https://ift.tt/3F93Qzd

Sameer Gehlaut to halve holding in Indiabulls Housing Finance

Indiabulls Housing Finance promoter Sameer Gehlaut is set to sell more than half of his holding in the company via a block deal, which will be valued at ₹1,443 crore early Thursday morning and reduce his stake below 10%, a term sheet issued by Jefferies India showed, and confirmed by two people familiar with the deal. from Economic Times https://ift.tt/3ytPRBF

23 road projects worth over Rs 1,814 crore sanctioned in MP under central scheme: CM Shivraj Singh Chouhan

Chouhan thanked the Prime Minister Narendra Modi and the Union surface transport minister Nitin Gadkari for sanctioning Rs 1814.9 crore for the 23 road projects, a public relation department official said. State PWD minister Gopal Bhargava informed that Chouhan had submitted a proposal amounting to Rs 4,080 crore under central road fund on September 16. from Economic Times https://ift.tt/3F1Ei71

Unholy nexus between ARCs and borrowers found after IT raids: CBDT

The department seized Rs 4 crore cash and a "large volume" of documents and digital records, the Central Board of Direct Taxes (CBDT) said in a statement. The policy-making body for the department said it was found during the raids that the "ARCs had adopted various unfair and fraudulent trade practices in acquiring the non-performing assets (NPA) from the lender banks". from Economic Times https://ift.tt/3m7Ne3A

India’s FDI rules ambiguous, can be strengthened, says WTO DG Ngozi Okonjo-Iweala

Emphasising that vaccine access and lasting economic recovery go together, she said that WTO members will be able to build on this work by agreeing this month on a framework for pandemic response covering both supply chain issues and appropriate solutions under the TRIPS waiver proposal. from Economic Times https://ift.tt/33vuiFm