The Maharashtra government on Tuesday moved the Supreme Court challenging the Bombay high court order directing the Central Bureau of Investigation to conduct a preliminary inquiry within 15 days into the allegations of corruption and misconduct levelled by former Mumbai police commissioner Param Bir Singh against ex-Home Minister Anil Deshmukh.
The Reserve Bank of India and the Securities and Exchange Board of India are considering a proposal for allowing Indian mutual funds to invest up to $1 billion in world's biggest companies through equity indices like Dow Jones Global Titans Index.
Services sector activities improved further and touched a five-month high in April driven by a surge in incoming new work orders that boosted business activity and supported a renewed increase in employment, according to a survey. The seasonally adjusted S&P Global India Services PMI Business Activity Index jumped to 57.9 in April, from 53.6 in March, highlighting a sharp rate of expansion that was the fastest since last November amid mounting price pressures. For the ninth straight month, the services sector witnessed an expansion in output.
Rejecting Biden's comments, Pakistan foreign minister Bilawal at a press conference here said that Pakistan was following the global standards.
If the concerns over risking political capital are overcome, the long-term gains for the Indian economy will be immense, asserts A K Bhattacharya.
Global trends, macroeconomic data, and the outcome of the US Fed policy meeting are the major factors that will drive the movement in the domestic equity markets this week, analysts said. "In the upcoming data-centric week, the focus will be on crucial releases, including inflation data from India and the US. "Indian inflation is expected to rise, while US inflation will remain steady.
The Monetary Policy Committee (MPC) is expected to maintain the status quo on policy rates for the fourth consecutive time in its October 4-6 review meeting. The incremental information available since its last meeting in August suggests that growth and inflation prints for the second quarter (Q2) of financial year 2023-24 (FY24) will exceed the committee's projections. However, the Consumer Price Index (CPI)-based inflation is expected to moderate in the second half (H2) of FY24.
For the first time in his political career, he failed to carry his party to even a working majority -- and again, for the first time in his career, he finds himself in a situation where he cannot rule by dictatorial fiat, points out Prem Panicker.
The high-powered International Cricket Council's Cricket Committee, chaired by former India captain Anil Kumble, on Friday expressed concerns about the "quality of Test pitches", especially the tendency of home teams to prepare tailor-made strips that suit them.
Is the unusually and unbearably scorching Sun and the general laxity, bordering on laziness, among voters, responsible, asks N Sathiya Moorthy.
Senior Assam minister Himanta Biswa Sarma on Wednesday said the government cannot implement the recommendations of the central panel on Clause 6 of the Assam Accord, as those are "far from legal reality".
Kerala's election discourse operates surreptitiously. Its explicit face focuses on important national and local issues. At the same time, it seeks to secure apt communal equations to ensure votes, notes Shyam G Menon.
'The two sides agree to continue firmly supporting each other in safeguarding their respective core interests,' a joint statement issued at the end of Muizzu's talks with Chinese leaders said.
Trinamool Congress leader Mahua Moitra's expulsion from the Lok Sabha triggered a political slugfest on Friday, with the opposition calling it a 'betrayal of India's parliamentary democracy' and the Bharatiya Janata Party asserting that it was an 'apt decision' as there was proof of the allegations levelled against her.
India's climate change goals are turning combustible. On the one hand, a protracted dispute between the government and manufacturers over subsidies threatens to slow the pace of electric vehicle (EV) sales. On the other hand, repeated assertions by different arms of the government over banning sales of new fossil fuel-fired vehicles have queered the pitch for energy investments. Before we address the issue of the recommended diesel vehicle ban in the recent report on energy transition, issued months before the next round of global climate talks begin in Dubai in November, let's look at what's at stake.
The government on Tuesday said a steel policy is likely to be formulated by this year-end even as it constituted a high level committee to look into the issue of iron ore availability.
Stock markets will be largely driven by global trends in the absence of any major domestic triggers this week, say analysts. The trading activity of foreign investors, global crude oil prices and rupee-dollar movement will also influence market movement, they said. "Anticipating a period of consolidation in the absence of clear global cues, the market's trajectory will likely hinge on the movement of the US bond yields, the dollar index, and crude oil prices, as well as institutional flows.
He said that the Congress government has fulfilled 98 per cent of the promises made in its manifesto and the next manifesto will be prepared on the basis of the 'Vision 2030' document.
As deputy governor, Patel headed the RBI panel to draft the monetary policy report, which became the basis of the ongoing reforms at the apex bank
Amid a controversy over the rejection of West Bengal's tableau for the Republic Day parade themed on Netaji Subhas Chandra Bose and his Indian National Army, his daughter Anita Bose Pfaff said on Monday the legendary freedom fighter's legacy has often been 'partly exploited' for political reasons.
'Seek medical help if after five days of the first symptom the fever has not subsided.'
Asked about the BJP's claim that its performance in southern states will be exemplary, Tharoor said, "The claim of an 'exemplary' performance is yet another product of the BJP's propaganda mill."
In the Interim Budget, Finance Minister Nirmala Sitharaman announced that a high power committee would be set up to consider the challenges arising from 'fast population grown and demographic changes.' 'But who wants data? It pays to feed people's fears, insecurities and apprehensions. If such fears don't exist, they must be created,' her husband Parakala Prabhakar says in this fascinating excerpt from his book, The Crooked Timber of New India: Essays on a Republic in Crisis.
The Tirumala Tirupati Devasthanams, which governs the ancient shrine of Lord Venkateswara at Tirumala here, on Wednesday announced that Lord Hanuman's birthplace was Anjanadri, a hillock at Japali Theertham located about 5 km from north of the hill temple.
Foreign flows into Indian equities are expected to pause in the short to medium term, say analysts. The outlook is influenced by multiple factors, including rising oil prices, actions from global central banks, climbing bond yields, and the dollar index gaining prominence. "Valuations appear rich with the markets at record highs.
Customs sleuths will be posted in London, Hong Kong, Dubai and Brussels in an effort to check trade-based money-laundering among others.
The Union health minister said a high-level expert group is going into all the aspects of vaccines and the health ministry is preparing a format in which states will submit lists of priority population groups.
The visit by the MPs comes nearly two months after Prime Minister Narendra Modi met top leaders of Jammu and Kashmir on June 24.
The Vaiko-led Marumalarchi Dravida Munnetra Kazhagam on Monday announced boycotting the June 27 by-poll to Radhakrishnan Nagar constituency in Chennai, against AIADMK supremo J Jayalalithaa.
With 184 new cases having symptoms of fever and rashes on the body, the number of suspected measles cases in the city rose to 1,263, and 647 of these cases included children in the age group of 1 to 4 years, the BMC said in a release on Wednesday.
The protesters, led by Manoj Jarange, had been staging a hunger strike demanding reservation for the Maratha community at the village since Tuesday.
IBC has been revolutionary in many ways and is a formidable instrument for stress resolution. And despite the room for improvement, the overall effectiveness of IBC in the distress space is unmatched, notes Saloni Kothari.
The Bombay HC on Monday directed the Central Bureau of Investigation to conduct a preliminary inquiry within 15 days into allegations of corruption and misconduct made by former Mumbai police chief Param Bir Singh against Maharashtra Home Minister Anil Deshmukh.
The Delhi government has been following the practice of banning all kinds of firecrackers for the last three years.
The UK Health Security Agency (UKHSA) analysis showed that around three months after the third jab, protection against hospitalisation among those aged 65 and over remains at about 90 per cent.
Indian frontline benchmarks - the S&P BSE Sensex and the Nifty50 - have rallied around 12 per cent each since June-end and outperformed their global peers by a wide margin. On Thursday, the US Fed hiked interest rates by another 75 basis points (bps) - the third such hike this year - and surprised the markets by projecting further sizable hikes in the coming months. With the latest hike, the Fed fund rate (FFR) now stands in the range of 3 - 3.25 per cent and is highest since January 2008.
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