The government on Thursday tweaked curbs on imports of laptops and computers as it allowed importers to bring in shipments of IT hardware from overseas on a mere 'authorisation' upon detailing quantity and value. The new 'import management system' is aimed at monitoring shipments of laptops, tablets and computers into the country without hurting market supply or creating a cumbersome licensing regime. The announcement is likely to provide relief to companies in the IT hardware segment in India as they had flagged concerns over the imposition of a strict licensing regime for importers.
"One thing I want to make it clear that this case will be thoroughly investigated. There will not be any interference or direction from our side. Police will independently investigate the case and truth will come out," Bommai said addressing a press conference in Mangaluru.
Announcement of macroeconmic data such as industrial production and inflation, the US Federal Reserve's interest rate decision along with trends in global equities would dictate movement in the stock market this week, analysts said. Besides, foreign fund trading activity would also guide the trends in equities. "All eyes are now on the US Fed policy outcome for cues, which is scheduled on June 14. In the following sessions, the European Central Bank (ECB) and Bank of Japan (BoJ) will also announce their policy decisions.
Stock markets would be largely driven by macroeconomic data, auto sales numbers, FII inflows and global trends this week, analysts said. The US debt ceiling negotiations and institutional flows will also be watched by investors. "This week, market participants will closely monitor institutional flows, as there is a historical observation that when both FIIs and DIIs become net buyers simultaneously, there is a likelihood of some profit-booking in the market," said Santosh Meena, head of research, Swastika Investmart Ltd.
Speaking to reporters after meeting the family, he said, as MLA of the locality, Arvind Limbavali is said to have tried to settle things.
After being freed on Saturday, the labourers narrated their ordeal saying they were made to work 12 hours daily, not paid any money for the work, provided food just once a day and forced to answer nature's call in the well itself where they worked.
In a video that surfaced online, senior priest Santosh Trivedi alleged that the temple's sanctum sanctorum has been covered with brass plates in the name of gold plating, claiming it is a 'Rs 125 crore scam'.
The police have arrested Siddhesh Hiraman Kamble, alias Mahakal, in connection with the killing of popular singer and Congress leader Sidhu Moosewala in Punjab last month, an official said on Wednesday.
The decline in exports is mainly on account of poor demand in India's key destinations -- the Europe and the US -- and it may take some more months for the situation to improve. The demand scenario is "not looking very good as far as Europe is concerned, and the US also we have seen a decline in demand. "For the next 2-3 months, I think the demand scenario does not look very optimistic," DGFT (Director General of Foreign Trade) Santosh Kumar Sarangi told reporters.
The National Stock Exchange (NSE) will shift the expiry of Bank Nifty derivatives contracts from Thursday to Friday, after smaller rival BSE did so earlier. The change, effective July 7, will apply to both weekly and monthly futures and options (F&O) contracts of the widely traded banking sector index. The first Friday expiry will be on July 14, 2023. NSE dominates the derivatives segment.
On his 50th birthday on May 25, Sukanya Verma celebrates the man and his movies.
Things are heating up in the OTT space this June, especially with Jio Cinema going full throttle with their release plans.
Rediff readers tell us how they are celebrating Ganeshotsav this year.
The Karnataka government can have 34 ministers. Ten of them, including Chief Minister Siddaramaiah and his deputy D K Shivakumar, were sworn in on May 20.
Exports to India's key markets - the US, the United Arab Emirates, China, Singapore, Bangladesh and Germany - witnessed a sharp decline, resulting in a 12.69 per cent contraction in outbound shipments during the first month of the current financial year, commerce department data showed. India's biggest export market - the US - with 17 per cent share witnessed 17.16 per cent contraction at $5.9 billion in April. This was followed by the United Arab Emirates (UAE) that saw 22.09 per cent decline at $2.23 billion exports.
The group claimed that its members only burnt photocopies of pages allegedly carrying "objectionable comments on women and Dalits" in the Ramcharitmanas.
Royal tragedies, loony vampires, nuclear disasters, scoop hunters becoming the story, all that and more on OTT this week.
By the time, Mumbaikar gets to where it wants to be via a twisty third act, we begin to see how much better the film could have been. But it's almost too little, too late, complains Mayur Sanap.
Eshwarappa would turn 75 in June, the unofficial age bar in the BJP for leaders to contest polls and hold official positions.
Karnataka Rural Development and Panchayat Raj (RDPR) Minister K S Eshwarappa, against whom police have booked a case for allegedly abetting the suicide of contractor Santosh Patil, on Friday submitted his resignation to Chief Minister Basavaraj Bommai.
Industrial production and inflation data, quarterly earnings from IT majors and global trends would drive the equity markets in a holiday-shortened week, analysts said. Moreover, foreign fund trading activity, movement of the rupee and global crude oil prices would also dictate terms in the market, they added. Equity markets would remain closed on Friday for 'Dr Baba Saheb Ambedkar Jayanti'.
He said the truth will come out from the investigation and asked the opposition Congress, which is demanding Eshwarappa's arrest, not to become investigators, prosecutors and judges themselves.
Deepa Gahlot lists 10 popular Mani Ratnam films that you can watch on streaming platforms.
After a brief lull during the pandemic, there is a strong revival in luxury car sales, bolstered by more launches across price bands, replacement demand, ban on old diesel vehicles in the NCR, and 'revenge buying'.
BJP in Telangana alleged that the ruling BRS is behind the posters.
Global trends and the Covid situation in China would drive the equity markets this week, which may also see volatility amid the scheduled derivatives expiry on Thursday, said analysts. According to analysts, investor sentiment remained subdued last week amid surging Covid cases in China and a few other nations. Also, stronger US growth data has cemented expectations of the Federal Reserve continuing with its hawkish stance, which added to the muted trend.
Sales of Mercedes-Benz in the country have jumped by 36.67 per cent to 16,497 units in 2022-23 amid high demand for its top-end vehicles, according to its India MD & CEO Santosh Iyer. "This is the highest-ever sales recorded by the company in any financial year," he stated. In the luxury car segment of India, Mercedes-Benz is the market leader with about a 42 per cent share.
The removal of unauthorised construction at Union minister Narayan Rane's bungalow in Mumbai's Juhu area started on Thursday, a civic official confirmed.
The Delhi Police on Sunday said it will question the estranged wife of the owner of the farmhouse, where actor-filmmaker Satish Kaushik attended a party a day before his death, following her allegation that her husband 'was planning to get rid' of him.
There is no mention of Kolar, the second seat from where senior party leader and former Chief Minister Siddaramaiah, wants to contest, in addition to Varuna, where his name is already cleared.
Karanjit Singh signs one-year contract extension with Kerala Blasters FC
Kumaraswamy was speaking after releasing the first list of 93 JD-S candidates for the election.
With this, the Cabinet will reach its full strength of 34.
Stock markets this week would take cues from global trends, the announcement of domestic macroeconomic data such as GDP numbers and foreign fund movement, analysts said. Besides, monthly auto sales and Purchasing Managers' Index (PMI) data for manufacturing and services sectors would also influence trading in the market, they added. Benchmark BSE Sensex tumbled 1,538.64 points or 2.52 per cent last week amid concerns that the US Federal Reserve might raise interest rates further to curb inflation.
A list of guests at the party has also been prepared, the officials added.
Luxury carmaker Mercedes-Benz India on Thursday said it will increase prices of its vehicles ranging between Rs 2 lakh to Rs 12 lakh across different models from April 1, to offset rising input costs specially the adverse impact of foreign exchange. This will be the second time in three months that the company is increasing prices of its vehicles. The ex-showroom price of the company's model range will increase by up to 5 per cent from April 1, 2023, the company said.
Sukanya Verma raises a toast to the man and his movie magic.
Police said a hunt for assailants behind Wednesday morning's firing incident at the station is underway.
The other five games, hard fought, were drawn. World No.1 Magnus Carlsen and Andrey Esipenko trail the leaders by half a point.
The executive committee approved a few suggestions that were earlier forwarded to it by the competitions committee, the first of which was concerning the senior men's national football championship for Santosh Trophy.
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