Volcker, former Chairman of the US Federal Reserve, is quoted as having admitted in a Los Angeles Times interview that he had agreed to change the language of his controversial report
Investors became poorer by Rs 1.36 lakh crore on Friday as the markets witnessed a sell-off amid weak global trends. Benchmark stock indices Sensex tanked 671.15 points or 1.12 per cent to close at 59,135.13, as 21 of its scrips declined. The sharp decline in equities eroded Rs 1,36,037.96 crore from the market capitalisation of BSE-listed firms and that now stands at Rs 2,62,94,723.65 crore.
Tamil Nadu Director General of Police C Sylendra Babu on Thursday said a thorough investigation into the circulation of fake videos of alleged attacks on migrant workers in the state would reveal the real reason behind rumour-mongers spreading it.
The release of water from the Chungthang dam led to a sudden increase in water levels up to 15-20 feet high downstream, defence spokesperson Lt Col Mahendra Rawat said.
For India, Suryakumar would want to get a big one in his pet format and regain a bit of confidence that has eroded because of a lean patch in the ODIs.
The opposition alliance that will take on the ruling National Democratic Alliance in the 2024 Lok Sabha elections will be called Indian National Developmental Inclusive Alliance (INDIA) and an 11-member committee will be set up for coordination, Congress president Mallikarjun Kharge announced after a meeting of the parties in Bengaluru.
The opposition AIADMK's discomfiture is likely to work in favour of the ruling DMK-backed Congress candidate.
Nirma's tryst with the pharmaceutical space started in 2006 when it acquired the ailing Core Healthcare in a deal reported to be worth Rs 300 crore. The Ahmedabad-based manufacturer of intravenous fluids was subsequently renamed Nirlife. Pharma industry insiders say Nirma, which broke open the detergent market in the 1990s with low prices and massive advertising, tried an encore of the low-price strategy in pharma, but with mixed results.
The relations between India and China cannot be normal if peace and tranquillity in border areas are disturbed, External Affairs Minister S Jaishankar said on Friday.
The Indian and Chinese troops are locked in an over three-year confrontation in certain friction points in eastern Ladakh even as the two sides completed disengagement from several areas following extensive diplomatic and military talks.
A red alert indicates heavy to extremely heavy rains of over 20 cm in 24 hours, while an orange alert means very heavy rains of 6 cm to 20 cm of rain.
According to a police release, Thirunindravur Police Station in Avadi has registered a case based on the Dravida Munnetra Kazhagam (DMK) IT wing member's complaint seeking action against the website CEO Rahul Rusan and editor Nupur Sharma.
The Enforcement Directorate (ED) on Tuesday conducted searches against Tamil Nadu Electricity Minister V Senthil Balaji and some others as part of a money laundering investigation and held multi-city searches, official sources said.
Chinese Foreign Minister Qin Gang will travel to India to attend the Shanghai Cooperation Organisation (SCO) foreign ministers' meeting being held in Goa on May 4 and 5, the foreign ministry in Beijing announced on Tuesday.
Domestic equity investors' wealth eroded by more than Rs 4.43 lakh crore on Monday as fears of a financial contagion triggered by one of the biggest bank failures in the US roiled market sentiments. After a strong opening, Indian stocks went into a tailspin with the benchmark 30-share BSE Sensex tumbling nearly 900 points to close at 58,237.85 points -- sliding for the third straight trading session. The NSE Nifty too declined 258.60 points to end at 17,154.30 points.
Over 68,000 Army soldiers, around 90 tanks and other weapon systems were airlifted by the Indian Air Force to eastern Ladakh from across the country for rapid deployment along the Line of Actual Control (LAC) after the deadly clashes in the Galwan Valley, top sources in defence and security establishment said.
Former Chief Minister Panneerselvam's decision was made in the wake of an appeal by the BJP to put up a common candidate to defeat the DMK backed Congress candidate in the election.
During these seven decades, the IAF has lost 2,374 aircraft to crashes. They include 1,126 fighters and 1,248 non-combat aircraft. In addition, 229 trainers and 196 helicopters have crashed. These crashes have resulted in the deaths of 1,305 skilled pilots, note Ajai Shukla and Devesh Kapur.
Those who consider the rupee as a proxy for virility have started thumping their chests and dreaming of dethroning the dollar from its coveted position, observes Tamal Bandyopadhyay.
'The relationship between Kashmiri Pandits and Article 370 is vexed.' 'Sentiment in Jammu towards Article 370 was largely unfavourable and Jammu resented being lumped with Kashmir and placed on a different footing from the rest of India.'
Unless controlled and contained, given the untested belief that the north Indian labour support and follow the Hindutva kind of political ideology, there is a potential in terms of ideological clashes with their Dravidian brethren in the local neighbourhoods, and it all escalating into violence, especially during election time, predicts N Sathiya Moorthy.
Jaishankar also said that there is a need to take the disengagement process forward.
A total of 13 functionaries from the Tamil Nadu unit of the Bharatiya Janata Party on Wednesday quit the party to join its alliance partner the All India Anna Dravida Munnetra Kazhagam (AIADMK).
The opposition bloc also got support from Telanagana Chief Minister K Chandrashekar Rao's BRS, which saw the bill as a move to usurp powers of an elected government in Delhi, and asked the House to vote against it.
It said that it was "disheartening" to see that some news channels "are in the habit of publishing sleaze more than news."
Death is a reality of life and yet we shy away from talking about it openly, observes Aarti David.
Many films and shows go back in time to bring alive so many fading and forgotten memories.
Both Jet Airways and Go First have met with a similar fate of landing up in insolvency, albeit for different reasons. Whether Go First will be able to avoid the sharp erosion in value like in the case of Jet, experts say, will depend on how quickly it is able to restart operations and retain its slots at airports. Go First, owned by the Wadia group, filed for voluntary corporate insolvency resolution on May 2 due to inadequate capacity utilisation that led to a cash crunch.
The silver lining for India's presidency is likely to be the support by almost all G20 countries to its proposal to include the African Union as a permanent member of the bloc that has emerged as perhaps the most influential multilateral forum after the United Nations.
The Congress on Thursday secured a seat in the present Bengal assembly as its candidate Bayron Biswas won the Sagardighi bypoll, defeating the nearest rival of the Trinamool Congress by 22,980 votes.
'India matters significantly to President Biden and to this administration, and not just in South Asia or the Indo-Pacific region, but truly globally.'
The cost of living crisis is the biggest short-term risk the world is facing, while the failure of climate mitigation and climate adaptation is the largest long-term concern, the World Economic Forum said on Wednesday. Releasing its annual Global Risks report in London ahead of its Davos summit next week, the WEF also said geopolitical rivalries and inward-looking stances will heighten economic constraints and further exacerbate both short- and long-term risks. The Global Risks 2023 report, drawing on views of over 1,200 experts, policy-makers and industry leaders from across the world, also urged countries to work together to avoid 'resource rivalries'.
Investors' wealth tumbled over Rs 5.78 lakh crore in two days of market fall amid a weak trend in global markets after a host of central banks hiked interest rates and gave hawkish commentary. The 30-share BSE Sensex declined 461.22 points or 0.75 per cent to settle at 61,337.81 on Friday. In the previous trade, the BSE benchmark had tanked 878.88 points or 1.40 per cent to settle at 61,799.03.
Logistic players have seen a sharp correction at the bourses over the past six months as intense competition from new-age-tech startups, higher freight rates, and weak macros dented listed players' growth outlook. Analysts warn that the emergence of tech-based startups could weigh on organised players' profit-pool, and can potentially erode their market share. Thus, a stock-specific strategy would be prudent at this juncture with focus on companies that are rapidly innovating and investing in technology.
'Admiral D K Joshi's resignation is certainly an example worthy of emulation by anybody who is in a leadership role. Unfortunately, over the last 30, 40 years, I can think of very few politicians or bureaucrats who could be termed real "Leaders". Without leaders, where will there be leadership?' asks Vice Admiral P J Jacob (retd), former Vice Chief of the Naval Staff.
The difference between what the banks play in the US and India is not that of soccer and football but rugby and football. SVB also has a unique character. But when risks are mispriced, the fallout could be very similar, points out Tamal Bandyopadhyay.
'To summarise, PM Modi's failures in the last nine years can be categorised under 'durniti' (bad policies), 'anyay' (injustice) and - perhaps most importantly - 'badniyat' (ill intention)'
It is equally essential to recognise the judiciary's role in the constitutional dialogue as it acts like a safety valve for fostering our democratic values, she said.
A likely turnaround in profitability margins in the March quarter (Q4FY23) will not be enough to lift the outlook for paint stocks due to volatile crude oil prices and rising competition in the sector, analysts say. Hence, they advise investors to avoid the sector over the short-to-medium term despite the heavy correction in the stocks since last year. Shares of Asian Paints, Berger Paints, Indigo Paints, Nerolac and Pidilite have shed 6-32 per cent over the last 6 months versus a 3 per cent rise in the benchmark Sensex.
Investors have become poorer by over Rs 6.18 lakh crore as markets took a heavy beating on Friday. The 30-share BSE Sensex tanked 1,093.22 points or 1.82 per cent to settle at 58,840.79. During the day, it tumbled 1,246.84 points or 2 per cent to 58,687.17.
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