The Pakistan military has rejected as “false” the Indian Army’s assertion that it targeted at least three terror camps in PoK and said India is welcome to take any foreign diplomat or media to the site to “prove” its claim on ground.

Indian Army chief General Bipin Rawat said on Sunday that six to ten Pakistan Army personnel were killed and three terror camps destroyed in a retaliatory action by the Indian Army opposite the Tangdhar and Keran sectors in Jammu and Kashmir.

Reliance Jio has alleged that the move to review the interconnection charges by regulator Trai is not only arbitrary, unwarranted and anti-poor but it will also adversely affect investor’s confidence and sabotage Prime Minister’s vision for Digital India. The latest entrant in telecom space also said that the move protects vested interests of some old operators. “It is unfortunate that instead of profiting the poor and marginalised sections of Indian society, the Consultation Paper has chosen to help profiteers in the telecom business,”

Two bank unions have threatened a 24-hour strike against the recently announced bank mergers and banking activities are likely to get hit on Tuesday, 22 October. The banks will be protesting against falling deposit rates and outsourcing of jobs, news agency IANS reported. All India Bank Employees’ Association (AIBEA) and Bank Employees Federation of India (BEFI) have notified that they will be on a strike from 6 am on October 22 to 6 am on October 23.

Union Finance Minister Nirmala Sitharaman on Sunday said negotiations between India and the United States on a trade deal are going on in "full speed" and expressed hope that it will conclude soon.

The negotiations came up during a discussion between Sitharaman and US Treasury Secretary Steven Mnuchin at the IMF headquarters. Mnuchin is scheduled to visit India next month.

The International Monetary Fund (IMF) on Friday supported India's decision to cut corporate income tax, saying that it has a positive impact on investment.

It, however, advised India to address the continued fiscal consolidation and secure long-term stability of the fiscal conditions.

Subdued loan growth and flat net interest margin (NIM) could dull the September quarter earnings of Axis Bank, which is slated to report its September quarter earnings for the financial year 2019-20 (Q2FY20) on Monday, October 21.

Analysts, however, seem to be divided on the growth in net profit due to ambiguity over whether the bank would provide a one-time mark-down in its deferred tax asset (DTA) or would the mark-down be spread evenly over the financial year.

Equity market witnessed sixth consecutive session of gains with benchmark indices Sensex and Nifty-50 gaining over 0.6 per cent on positive global and domestic cues after Brexit deal and the Central government planning more PSU divestments to bridge the fiscal deficit gap.

Sensex gained 246.32 points or 0.63 per cent closing at 39,298.38 while the broader Nifty-50 gained 75.50 points or 0.65 per cent to close at 11,661.85.

The Indian Research Space Organisation (ISRO) on Thursday released the first image of the surface of the moon captured by the Imaging Infrared Spectrometer (IIRS) payload on-board Chandrayaan 2.

"See the first illuminated image of the lunar surface acquired by #Chandrayaan2's IIRS payload. IIRS is designed to measure reflected sunlight from the lunar surface in narrow and contiguous spectral channels," ISRO tweeted along with the picture on its account.

NEW DELHI : Retirement fund manager Employees Provident Fund Organization (EPFO) will cover 400,000 organized sector employees in Jammu and Kashmir and Ladakh, effective 31 October, making them eligible for a series of social security benefits ranging from family and disability pension to higher life insurance, among others. It shall also reduce the employee cost for companies to some extent.

Strategic sale buzz fuelled a sharp 27.5% rise on Friday in the share price of Bharat Heavy Electricals (BHEL) during the intra-day trade on BSE. The stock rose to Rs 56.80 on Friday, before closing at Rs 54.45, 22.2% higher than the previous day’s close. It had hit a 52-week low of Rs 41.35 on Wednesday, as the company battled through tough times stemming from execution delays and low order inflows.

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