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US Fed slashes interest rates by 50 bps for the first time since 2020

US Fed slashes interest rates by 50 bps for the first time since 2020

The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health of the job market.

"The committee has gained greater confidence that inflation is moving sustainably toward 2%, and judges that the risks to achieving its employment and inflation goals are roughly in balance".

Kolkata rape-murder case: Junior doctors refuses to call off strike, demand another…

Kolkata rape-murder case: Junior doctors refuses to call off strike, demand another…

West Bengal Junior Doctors Front, which is protesting against the rape and murder of a doctor at a Kolkata hospital, has sent an email to the state Chief Secretary requesting one more meeting as some demands remained unresolved.

Following the meeting with the protesting doctors on Tuesday, the West Bengal government accepted some of their demands including the removal of the police chief of Kolkata and two senior health officials.

TCS signs deal with McDonald's Philippines to digitise ops at 760 outlets

TCS signs deal with McDonald's Philippines to digitise ops at 760 outlets

Tata Consultancy Services (TCS), India's largest IT services company, said on Wednesday it has signed a two-year partnership with McDonald Philippines to upgrade technology used by the fast-food chain.

The deal size was not disclosed. TCS signed the agreement with George Yang-led Golden Arches Development Corporation (GADC), the master franchise holder of McDonald's in the Philippines.

J-K Assembly elections: 11.11% turnout recorded till 9 am in Phase 1

J-K Assembly elections: 11.11% turnout recorded till 9 am in Phase 1

The first phase of voting in Jammu and Kashmir saw a cumulative voter turnout of 11.11 per cent as of 9 am on Wednesday, as per the Election Commission of India.

According to the latest data issued by ECI, Kishtwar recorded a voter turnout of 14.83 per cent as of 9 am taking the lead while Pulwama recorded 9.18 per cent voter turnout.

'I will meet PM Modi next week': Former US President Donald Trump

'I will meet PM Modi next week': Former US President Donald Trump

Former president Donald Trump has said Prime Minister Narendra Modi will meet him next week during his upcoming three-day visit to the US. PM Modi will be visiting the US from September 21 to 23, beginning his trip with the Quad Leaders' Summit being hosted by President Joe Biden in Wilmington, Delaware.

The summit will be attended by Prime Minister Anthony Albanese of Australia and Prime Minister Kishida Fumio of Japan.

Arvind Kejriwal resigns as Delhi Chief Minister, tenders his resignation to LG

Arvind Kejriwal resigns as Delhi Chief Minister, tenders his resignation to LG

Delhi Chief Minister Arvind Kejriwal has resigned from his post and tendered his resignation to Delhi LG Vinai Kumar Saxena. Atishi to take over as the next CM of Delhi. The duo AAP leaders met Delhi Lieutenant Governor VK Saxena on Tuesday evening. Atishi has staked claim to the top post.

Govt slashes windfall tax on petroleum crude to nil effective Sep 18

Govt slashes windfall tax on petroleum crude to nil effective Sep 18

The government on Tuesday slashed windfall tax on domestically produced crude oil to 'nil' per tonne with effect from September 18.

The tax is levied in the form of Special Additional Excise Duty (SAED) and is notified fortnightly based on average oil prices in two weeks.

Table Space buys office space in Bengaluru for about Rs 500 crore

Table Space buys office space in Bengaluru for about Rs 500 crore

Table Space, which provides flexible workspace to corporates, has bought 5 lakh sq ft office space in Bengaluru for around Rs 500 crore to expand its business amid rising demand.

According to sources, the company has acquired 5 lakh square feet office space in Whitefield, Bengaluru, for about Rs 500 crore.

J&J gets $260 million talc verdict overturned in Oregon, new trial ordered

J&J gets $260 million talc verdict overturned in Oregon, new trial ordered

A state judge in Oregon has overturned a jury's $260 million verdict against Johnson & Johnson in a lawsuit brought by a woman who said she got mesothelioma, a deadly cancer linked to asbestos exposure, from inhaling the company's talc powder, the company said on Monday.

Judge Katharine von ter Stegge in Portland granted J&J's motion to throw out the verdict and hold a new trial in the case at a hearing late on Friday, according to a spokesperson for the company.

Factory explosion in Firozabad kills 4, including 3-yr-old; 6 hospitalised

Factory explosion in Firozabad kills 4, including 3-yr-old; 6 hospitalised

Four persons, including a three-year-old girl and a woman, were killed in a sudden explosion at a firecracker godown-cum-factory in Uttar Pradesh's Firozabad district, police said on Tuesday.

Six persons were injured in the incident, which took place in the factory located in the Naushera area under Shikohabad police station limits on Monday night, a senior police official said.

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