He was arrested by the special cell of the Delhi police after 11 hours of interrogation. He will be produced before a Delhi court on Monday, they said.
The RBI has set up a panel to review ATM charges, and fees levied by banks.
Citing faster-than-expected recovery, rising consumer confidence and the resultant spending spike, Swiss brokerage UBS Securities has revised upwards its growth forecast for the current fiscal to 9.5 per cent from 8.9 per cent in September. The brokerage also sees the economy clipping at 7.7 per cent in FY23 but moderating to 6 per cent in FY24, as it expects the benefit of the low-interest rate regime to end by the end of FY23, and it sees the central bank hiking policy rates by 50 bps in the second half of the next fiscal. The Reserve Bank also forecasts 9.5 per cent GDP growth this fiscal while the average projection ranges from 8.5 to 10 per cent.
Only 30 ICU beds for COVID patients were available in hospitals across Delhi at 10 pm, according to government data.
Passenger vehicle wholesales in India increased by 12.73 per cent to 285,367 units in November as against 253,139 units in the same month last year riding on the back of festive demand, auto industry body SIAM said on Friday. According to the latest data by the Society of Indian Automobile Manufacturers (SIAM), two-wheeler sales rose 13.43 per cent to 16,00,379 units, compared with 14,10,939 units in the same month last year.
The dozen firms to have listed following their IPOs have seen an average listing day gain of 49 per cent. IPO applicants have made money on all the deals, barring two, which saw modest declines on listing day.
The COVID-19 active caseload plunged to almost 4 lakh after 138 days.
The main contest is between the BJP, which has ruled the six corporations for last several terms, and the main opposition Congress.
A summary of Indian athletes' showing atthe Olympic Games in Tokyo on Sunday.
The central government's Air Quality Early Warning System for Delhi said a "significant improvement in air quality is not likely" owing to slow wind speed, particularly during night time, and contribution from farm fires.
Now you can order a drink with your face on it.
Sarabjot's effort meant that India swept both the men's and women's 10m air pistol crowns
As the feud continues between Zee and Invesco, appellate body NCLAT on Thursday directed the National Company Law Tribunal (NCLT) to give reasonable opportunity to the media major to reply to Invesco's plea for holding a meeting of shareholders, and also remarked that the tribunal made an "error" by not providing sufficient response time. With the order capping a day of fast legal developments at the NCLAT as well as the NCLT within a span of a little over an hour, the spat between Zee Entertainment Enterprises Ltd (ZEEL) and minority shareholder Invesco will now come up for hearing before the NCLT on Friday. Invesco is seeking the ouster of ZEEL MD and CEO Punit Goenka and appointment of six new directors on its board.
The Union government's fiscal deficit further widened to Rs 9.53 lakh crore, which is nearly 120 per cent of the annual budget estimate, at the end of October of the current financial year, according to official data released on Friday. The deficit widened mainly on account of poor revenue realisation. The lockdown imposed to curb spreading of coronavirus infections had significantly impacted business activities and in turn contributed to sluggish revenue realisation.
The analyst community tracking the Indian IT services industry took special note of Accenture's first quarter (Q1) performance, which showcased the rapid growth of its consulting business that outperformed its outsourcing business. Bookings indicate that the trend will continue. Consulting bookings increased 41.6 per cent year-on-year (yoy) to $9.4 billion, higher than the 17.6 per cent growth in outsourcing to $7.4 billion. The management commentary was also more bullish on the consulting business.
The days of James Anderson and Stuart Broad spearheading England's fast bowling attack are over, according to former captain Michael Vaughan.
The sudden movement of the rupee - post the monetary policy - is not a reason to panic, said currency dealers. According to them, a correction was overdue for the rupee that remained the best performing currency in the region for well over a month. The rupee closed at 74.72 a dollar on Friday from its previous close of 74.60. It had dropped 1.52 per cent against the dollar on April 7 after the Reserve Bank of India (RBI) announced its monetary policy, committing to buy Rs 1 trillion of bonds in the June quarter. A weak rupee goes well with the export narrative of the government, and is consistent with the RBI's intervention strategy that prevented an appreciation.
Reliance Industries was the top gainer in the Sensex pack, surging over 3 per cent, followed by Bajaj Finserv, IndusInd Bank, HDFC twins and Kotak Bank. NSE Nifty surged 143.25 points or 1.18 per cent to 12,263.55.
Chaudhary did not get off to the best of starts and, with a score of 47.7, was placed eighth in the standings after the first five shots.
According to the ministry, five states are contributing 60 per cent of the total cases with Maharashtra at the top accounting for 21.6 per cent cases, followed by Andhra Pradesh with 11.8 per cent, Tamil Nadu 11 per cent, Karnataka 9.5 per cent and Uttar Pradesh 6.3 per cent.
Hussain was speaking with Ian Bishop and Elma Smit as part of the ICC podcast titled 'Cricket Inside Out' when the former England captain was asked about the 2002 NatWest final.
India's real estate industry staged a rebound from 2020's downturn, with housing sales seen rising by over 50 per cent. The performance, though short of pre-COVID levels, has property developers hoping for stronger gains in the New Year and the beginning of a long upcycle. A strong foundation has been laid this year for revival in the Indian real estate sector, which is projected to reach $1 trillion mark by 2030 from $200 billion in the pre-pandemic year.
Asian economies have been very strong in their stimulus from both monetary and fiscal sources.
Sectorally, BSE healthcare, capital goods, power, oil and gas, metal, auto, energy and banking indices fell up to 3.53 per cent.
In an open letter to Zee's shareholders, Invesco, which holds a 7.74 per cent stake in the firm, reiterated its demand for an overhaul of the media group's board and that it would pursue extraordinary general meeting (EGM) to oust chief executive Punit Goenka and two other directors. Last month, Sony Group Corp's India unit signed a non-binding offer to buy Zee.
The pair will face England in their World Cup match at Lord's on June 25 and are also likely to endure hostile reception during the Ashes, which begins at Edgbaston on August 1.
Gold prices surged by Rs 150 to trade at fresh three-month high of Rs 27,575.
Marking its quickest rise in over seven years, India's services sector activity expanded for the fifth successive month in February, tracking spike in business orders, renewed export demand and strengthening business confidence, a monthly survey showed on Wednesday. The IHS Markit India Services Business Activity Index rose from 55.5 in January to 57.5 in February. This is the fastest expansion in services output since January 2013.
'I'm definitely hungry and keen to keep playing for England. This summer I have been bowling as well as I ever have. I bowled quite a lot for Lancashire at the start of the season and was in really good form before I got injured at an annoying time'
The hike will be Rs 75,000 for the first year and Rs 75,000 for the second year. This means the students will now pay Rs 5.25 lakh in the first year and Rs 5.75 lakh in the second year. IIM-B is increasing the fee as it is bearing an additional cost due to the wage increases and increased pension. It was also taking up the construction of hostels, classrooms and staff quarters to accommodate the increase in reserved seats.
Unveiled in December last year, the Altroz, which is the industry's first BSVI diesel-ready car. is also the first vehicle model based on the brand's Alfa platform and the second vehicle showing the Impact 2.0 design language. Besides Altroz, Tata Motors also launched the BSVI versions of Nexon, Tiago and Tigor.
Since the Centre tightened the Press Note 3 norms in April last, as many as 150 private equity/venture capital investment applications from China and Hong Kong are pending with the government, starving the country's start-up ecosystem of funds, says a report. The Press Note 3 (PN3) changes were effected in April, restricting foreign direct investment from countries that share land borders with India. Analysts are of the view that the move was primarily aimed at China as lot of private funds were investing billions into domestic companies.
ONGC was the top gainer in the Sensex pack, rallying around 18 per cent, followed by HUL, UltraTech Cement, RIL, TCS, HDFC, ITC and Asian Paints. Only HDFC Bank and IndusInd Bank settled in the red. NSE Nifty zoomed 482 points, or 5.83 per cent, to close at 8,745.45.
The new PN3 norms and lack of clarity on what constitutes beneficial ownership are the primary reasons for the decline in investments from China and Hong Kong.
Axis Bank was the top gainer in the Sensex pack, climbing 3.33 per cent, followed by PowerGrid, SBI, Bharti Airtel, ICICI Bank, Reliance Industries and Maruti.
American-born Swede Armand "Mondo" Duplantis soared to another pole vault world record on Saturday as he easily cleared 6.18 metres at the World Athletics Glasgow Indoor Grand Prix in Glasgow. The 20-year-old, a world silver medallist, had set the previous mark last Saturday by clearing 6.17m in Torun, Poland. That eclipsed by 1 cm Frenchman Renaud Lavillenie's record set in February 2014 in Donetsk, Ukraine.
The growth was led by family-owned companies and business groups with presence in pharmaceuticals, information technology services, and consumer products.
368 of James Anderson's 575 Test wickets have come on home soil, where the Dukes ball has been the default during his long career.
RBi pushes for reinvigorating private investments, clearing infra bottlenecks and providing big thrust to Pradhan Mantri Awas Yojana.
