India News
Key indices on Monday touched lifetime high in opening trade on huge profits in IT and banking shares. The gains come ahead of the optimistic wave over quarterly earnings by profits.
The 30-share Sensex soared by 178 points, or 0.52 per cent, to 34,331.85 points, breaching its previous record high (intra-day) of 34,188.85 hit on January 5.
Domestic and newer credit-rating agencies (CRAs) have said certain practices in the industry need to be addressed even as the Securities and Exchange Board of India (Sebi) has sought to streamline the processes and create a level playing field.
On December 28 last year, after its final board meeting for 2017, Sebi amended the regulations related to CRAs in the country.
The immense popularity of Narendra Modi, India’s most dynamic prime minister in decades, has always rested on two legs: Hindu nationalism and his tantalising promises to build on the country’s go-go economy. That second leg is now looking a little shaky.
In the last two years, India’s consumer confidence has plummeted, construction has slowed, the fixed investment rate has fallen, many factories have shut down and unemployment has gone up.
To bring back lost coal freight revenue, the ministry of railways has prepared a scheme for a bypass rail route near the 35-km line between Chandrapura and Dhanbad that was closed due to underground fire at the Jharia (Jharkhand) coalfields in June.
This will be funded by government-owned Coal India, holding company of Bharat Coking Coal that operates the Jharia mines. Closure of the line meant an annual estimated loss for the railways of at least Rs 27.5 billion.
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Rajya Sabha Chairman M Venkaiah Naidu today sent a privilege notice against Rahul Gandhi to Lok Sabha Speaker Sumitra Mahajan for further action, holding that "prima facie there is an issue of privilege", sources said.Naidu sent the notice to the Lok Sabha speaker for further action as Gandhi is a member of the Lower House.
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An IT or Computer engineering student who starts college this year will graduate into a radically different job market in four years. Up to 20 per cent jobs that they will be applying for do not exist today and 65 per cent of the existing job roles would have changed radically by 2022, says a new report "Future of Jobs in India: A 2022 Perspective" conducted by EY and commissioned by industry bodies Ficci and Nasscom.
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Senior Congress leader P Chidambaram on Saturday hit out at the government over lower growth estimates for the current fiscal, saying the worst fears of an imminent economic slowdown have come true.
There is a decline in new projects and fresh investment, Chidambaram claimed in a statement.
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Former Infosys Chief Financial Officer V Balakrishnan on Saturday praised the company's co-founder Nandan Nilekani for correcting the wrongdoings committed by the previous board, by fixing a reasonable salary for the incumbent CEO.
I think the board under Nandan has done the right thing to correct the previous wrongdoings. The salary structure for the current Chief Executive Officer Salil Parekh looks reasonable with a large part tied to variable salary with a greater focus on long-term retention, he told PTI here.
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Four policemen were killed after an improvised explosive device (IED) went off in Sopore on Saturday.
Deputy Inspector General of police, North Kashmir Range, VK Birdhi told DNA that terrorists detonated the IED when cops were deployed in the area.
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The Enforcement Directorate has filed a second charge sheet against RJD chief Lalu Prasad’s daughter Misa Bharti and her husband in a money laundering case before a Delhi court, which on January 6 kept both charge sheets for consideration on February 5.
Irked over the repeated filing of charge sheets by the ED in connection with its money laundering probe against Ms. Bharti and her husband Shailesh Kumar, Special Judge N.K. Malhotra criticised the agency for not letting the trial begin.
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