The new government order to review the service record of employees who have completed 30 years in the job to identify inefficient or corrupt staff and retire them prematurely has invited the ire of labour unions, who believe that this is a step towards privatisation.
Titan was the top laggard in the Sensex pack, shedding 1.39 per cent, followed by HDFC, Axis Bank, Kotak Bank, HCL Tech and Tech Mahindra. On the other hand, Asian Paints, SBI, M&M, TCS, Bajaj Finserv and ICICI Bank were among the winners, spurting as much as 3.25 per cent.
Analysts caution against volatility and recommend buying stocks of companies that are on strong fundamental footing that have been beaten down badly in the recent carnage.
Malik had earlier pleaded guilty to all the charges including those under the stringent Unlawful Activities Prevention Act in a terror funding case.
At Birmingham, Avinash Sable became the first non-Kenyan to win a medal since 1994 at the Commonwealth Games.
Infosys said it is also "aware of a securities class action lawsuit" that has been filed against the company in a federal court in the US, based on the generalised allegations in the anonymous complaints. The company intends to defend itself vigorously in such a lawsuit.
Railway officials in New Delhi said the train has not been suspended.
Dr Anthony Fauci has been named as Chief Medical Adviser to the President on COVID-19, while Dr Rochelle Walensky has been named as Director of the Centers for Disease Control and Prevention; and Dr. Marcella Nunez-Smith as COVID-19 Equity Task Force Chair.
Uttar Pradesh Chief Minister Yogi Adityanath on Thursday directed officials to speed up setting up of a commando training centre in Rampur and also form a skilled team of women commandos.
'I'm happy to have the chance to try to stop, one more time, somebody from making history.'
The Western powers appear to regard Delhi as the most logical destination in the region in these extraordinary times -- as a counterpoint to the ascendance of political Islam and a rising red star over Afghanistan, observes Ambassador M K Bhadrakumar.
Putin is looking beyond the current regime in Kyiv. Of course, if the Western military assistance to Kyiv continues in any form, Washington knows that Russia will regard it as a hostile act and there will be severe consequences, predicts Ambassador M K Bhadrakumar.
Indian rupee is likely to test 76-76.50 levels as a relatively strong greenback, boiling crude prices and COVID headwinds deepen the depreciation bias for the domestic currency, according to experts. One of the significantly-hit Asian currency in recent months amid uncertain economic times, rupee is expected to see a consolidation in the vicinity of the current level before being pulled towards the depreciation bias. While the equity market has been surging with occasional blips, the rupee has mostly been weak against the US dollar in recent months.
Union Home Secretary Ajay Kumar Bhalla may have a video conference with West Bengal's Chief Secretary Alapan Bandyopadhyay and Director General of Police Virendra on Friday evening after they conveyed their inability to travel to the national capital, officials said.
Bulls might be on the rampage on Dalal Street but lofty valuations of the Indian equities present a reason for concern and the markets could perhaps witness up to 10 per cent correction, according to analysts. Benchmark indices have been on a record-breaking rally lately and August witnessed the stock market reaching many new highs. The BSE benchmark soared over 9 per cent last month.
Alexander Zverev overcame late nerves to beat world number one Novak Djokovic on Saturday and set up a final showdown with Daniil Medvedev at the ATP Finals.
IndusInd Bank, Kotak Bank, ICICI Bank, Sun Pharma, Bajaj Finance and Ultratech Cement were prominent gainers. NSE Nifty rose 176.65 points to 14,867.35.
Kotak Bank was the top loser in the Sensex pack, shedding over 2 per cent, followed by ICICI Bank, PowerGrid, HDFC, IndusInd Bank and Axis Bank. NSE Nifty declined 45.75 points to 16,568.85.
Despite unprecedented levels of uncertainty in Samvat 2077, investors have little to complain about on the returns front. The BSE Sensex delivered returns of 38 per cent in this period, while the Nifty registered a return of over 40 per cent. As is the case in bull markets, companies in the small- and mid-capitalisation basket outperformed the benchmarks, with returns almost twice those of frontliners.
The ten trade unions are National Trades Union Congress, All India Trade Union Congress, Hind Mazdoor Sabha, Centre of Indian Trade Unions, All India United Trade Union Centre, Trade Union Coordination Centre, Self Employed Women's Association, All India Central Council of Trade Unions, Labour Progressive Federation and United Trade Union Congress.
The Biden administration on Friday issued a formal notification to delay the implementation of the previous Trump regime's controversial rule to raise mandatory minimum pay for foreign workers on H-1B visa, the most sought after among Indian IT professionals. The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in specialty occupations that require theoretical or technical expertise. The technology companies depend on it to hire tens of thousands of employees each year from countries like India and China. The Department of Labour in its federal notification published on Friday said that it is considering whether to propose a further delay of the final rule's effective date and accompanying implementation periods that are currently scheduled to take effect on May 14, 2021, and July 1, 2021, respectively.
The stir, led by the Federation of Resident Doctors' Association, has been going on for several days, and FORDA also said that several of its members were 'detained' when they tried to hold a protest march from Maulana Azad Medical College (MAMC) to Supreme Court.
China is going to be an indispensable partner in Russia's ongoing crisis with the US, while on its part, China cannot remain indifferent if Russia gets crushed by the US, lest it loses 'strategic depth', observes Ambassador M K Bhadrakumar.
The decision by the World Anti-Doping Agency (WADA), imposed a four-year ban on Russia participating in a range of top-flight sporting tournaments, a period covering the 2020 Tokyo Summer Olympics, the 2022 Beijing Winter Olympics and the 2022 soccer World Cup.
Pakistan Muslim League-Nawaz (PML-N) president Sharif, 70, and Pakistan Tehreek-i-Insaf (PTI) vice-chairman and former foreign minister Shah Mahmood Qureshi on Sunday filed their nomination papers for the post.
The Department of Commerce alleged that Huawei was engaged in activities that are contrary to US national security or foreign policy interest.
Spain players to get big monetary boost if they win WC
Most of the large Indian IT services players, such as TCS, Infosys, Wipro, and HCL Tech, have signalled increased offshoring efforts and opting for local hires in the US, primarily to address the immigration-related challenges.
About 70 per cent of ATMs in India are running on outdated operating systems, which makes it easier for fraudsters to crack them
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
'As soon as the BJP feels they are going to lose power, they will publish the caste census data of 2011 and conduct the caste census of 2021.'
A total of 49 companies raised Rs 81,615 crore in Samvat 2077, more than the preceding four years and almost double the amount raised in the previous year. Samvat 2078 appears even more promising with mega issues of Paytm and Life Insurance Corporation (LIC) of India. However, Paytm's record could be short-lived as state-owned LIC is planning to launch a Rs 1-trillion IPO by March 2022.
A White House official said 'no one within or associated with the White House was injured, and everyone in the White House is safe and accounted for'.
Emergency measures are needed to avoid "a total collapse in public security, health, education, transport and environmental management," a decree in the state's Official Gazette said.
Rather than worry about what picture of India is being painted in the foreign media, the focus must be on marshalling all our energies to provide relief and solace to our deeply wounded and dispirited citizens, says former foreign secretary Shyam Saran.
The European Commission, the high-profile building that houses several thousand officials of the 28-nation European Union, was among the targets of ISIS linked militants returning from Syria, according to media reports.
A partial United States government shutdown over President Donald Trump's demand for $5.7 billion to build a wall along the US-Mexico border entered its 23rd day on Sunday making it the longest shuttering of federal agencies in the country's history, with no end in sight. The closure, which began on December 22, broke a decades-old record by a 1995-1996 shutdown under former US President Bill Clinton that lasted 21 days.
On this day 167 years ago, the wheels of the first passenger train in the country from Mumbai to Thane started rolling.
The All India Tennis association (AITA), taking a more aggressive stance than earlier, said it would not request for a neutral venue for the Asia Oceania Zone 1 tie on September 14-15 as is being asked by the International Tennis Federation (ITF).
Summary of sports events and persons who made news on Tuesday
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