External Affairs Minister S Jaishankar is set to hold separate bilateral talks with his Chinese counterpart Qin Gang and Russia's Sergey Lavrov at a beach resort in Goa on Thursday on the sidelines of a conclave of the Shanghai Cooperation Organisation (SCO) amid rapidly evolving regional security situation.
From the peak of $3.67 trillion in January, India's market cap has eroded by $676 billion amid rising bond yields and a record-breaking sell-off by overseas investors.
'Who would think of making a bank of poor women? She had vision and boldness.'
'That the South and West regions are more women-friendly in terms of employment is not a surprise.'
The government on Friday cut the windfall profit tax on locally produced crude oil in line with a fall in international rates, and reduced the levy on export of diesel and jet fuel (ATF). At the fifth fortnightly review, the government reduced tax on domestically-produced crude oil to Rs 10,500 per tonne from Rs 13,300 per tonne. The levy on the export of diesel was reduced to Rs 10 per litre from Rs 13.5. Also, the tax on Aviation Turbine Fuel (ATF) exports was cut to Rs 5 a litre from Rs 9 with effect from September 17, according to a finance ministry notification issued late Friday night.
Investors' wealth eroded by more than Rs 2.21 lakh crore in early trade on Wednesday, with the market witnessing a selling-off amid prospects of aggressive rate hikes by the US Federal Reserve to tackle high inflation, and sluggish global trends. In less than an hour of the start of trading on Wednesday, the key indices -- Sensex and Nifty -- were deep in the red and witnessed significant volatility, reflecting jittery investor sentiments. The market capitalisation of BSE-listed companies, which is also an indicator of wealth of investors, tumbled more than Rs 2.21 lakh crore to Rs 2,84,49,727.56 crore amid the 30-share Sensex falling 564.76 points to 60,006.32 points.
A special bench of Justices Devan Ramachandran and Kauser Edappagath directed the State Police Chief to come out with a new set of protocols for ensuring security of the doctors and other healthcare professionals in all government hospitals in the state.
Jaishankar, who arrived in Santo Domingo on his first official visit to the Dominican Republic, also said that India has seen a dramatic expansion in connectivity, contacts, and cooperation across the region.
Investors' wealth has eroded by over Rs 6.15 lakh crore in three days of market decline amid weak global cues and persistent selling by foreign funds. The BSE benchmark Sensex tumbled for the third straight session on Friday to close at 59,306.93, down 677.77 points or 1.13 per cent. In three days, the 30-share index has lost 2,043.33 points or 3.33 per cent.
The case of the two Shiv Sena factions for legitimacy and the party symbol, 'Bow and Arrow', is now before the Election Commission. Whichever way the EC findings go, the other can be expected to move the Supreme Court. They would need a final verdict before the parliamentary polls, points out N Sathiya Moorthy.
Investors' wealth fell by Rs 2.39 lakh crore on Monday in line with a weak trend in the global equity markets. The BSE Sensex tanked 861.25 points or 1.46 per cent to settle at 57,972.62. During the day, it tumbled 1,466.4 points or 2.49 per cent to 57,367.47.
She alleged that today, the regime in power is misusing and subverting the institutions of the Constitution, and weakening its foundations of liberty, equality, fraternity and justice.
What do we need more of: Leaders who dominate global institutions or local leaders with a 'Make-in- India' mindset?
Defence Secretary Lloyd Austin on Thursday directed that the aircraft carrier USS Ronald Reagan and the ships in her strike group will remain on station in the general area to monitor the situation.
Unsatiated greed for wealth has facilitated corruption to develop like cancer and the constitutional courts owe a duty to the people of the country to show zero tolerance to corruption and come down heavily against the perpetrators of the crime, the Supreme Court has said.
'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 CM kept his cool, but his adviser was liberal with filthy language.' Tamal Bandyopadhyay recreates the diary of a general manager in a public sector bank, providing a glimpse of how they balance their work and life.
Fourteen years after the Sri Lankan government announced his death, a veteran Tamil nationalist leader claimed in Thanjavur, Tamil Nadu, on Monday that Velupillai Prabhakaran, the leader of Eelam Tamils in Sri Lanka, is doing well and said a conducive atmosphere prevails for him to appear now.
Blinken made these remarks at a joint news conference with Defence Secretary Lloyd Austin and their Indian counterparts -- External Affairs Minister S Jaishankar and Defence Minister Rajnath Singh -- after the conclusion of the 2+2 Ministerial on Monday.
The combined market valuation of three of the 10 most valued domestic firms eroded by Rs 73,630.56 crore last week, with Reliance Industries Limited taking the biggest hit. While HUL and ICICI Bank were the other laggards from the top-10 pack, TCS, HDFC Bank, Infosys, LIC, SBI, HDFC and Bharti Airtel were the gainers. However, the combined gain of the seven firms at Rs 49,441.05 crore was less than the total loss suffered by the three companies.
Worst affected were the countries of euro zone, which saw a loss of $10.9 trn
The BJP and the AIADMK are unable to sort out ideological differences, observes N Sathiya Moorthy.
Asserting that the dharma yudham is on, Panneerselvam, popularly known as OPS said he and his followers would go to the people to seek justice.
Manmohan Singh and Musharraf felt that what they were embarking upon, if successful, could lead to a future of boundless potential for the two countries and for the relationship that was hard to foresee from the prism of the existing situation and the historical position and orthodox ideas on both sides.
Poor governance and mediocre short-sighted politics are destroying the paradise that Goa was as its environment, water table, culture and way of life is drastically threatened by tourism and migration, points out Ramesh Menon.
In a big blow to Real Madrid's title hopes, Real Betis held them to a goalless draw in their La Liga encounter on Sunday.
The government should not be running businesses as public sector companies are inefficient and do not generate enough resources to fund their own growth, according to Maruti Suzuki India chairman R C Bhargava. Public sector companies need support all the time to grow and need funds from the government for capital investments, he told PTI in an interview. "I have no doubt that government should not be in business. No way," he said when asked if governments should be in the business of running enterprises on the basis of his experience of witnessing the transformation of the then government-owned Maruti Udyog Ltd to Maruti Suzuki India Ltd, majority owned by Japan's Suzuki Motor Corporation.
The rupee depreciated 11 paise to a record low of 78.96 against the US dollar in opening trade on Wednesday, weighed down by persistent foreign capital outflows. At the interbank foreign exchange, the rupee opened on a weak note at 78.86 against the American dollar, then lost ground to quote at 78.96 -- its all-time low level, registering a fall of 11 paise from the last close. On Tuesday, the rupee plunged by 48 paise to close at record low of 78.85 against the US dollar.
The year is drawing to a close, and so it seems is meaningful government activity. The state of flux has engulfed the entire UPA government that appears totally adrift. It is as if no one is charge, with the ministers pulling in different directions and industry threatening to pull out investments for safer bets abroad, writes Seema Mustafa.
The book titled Mohin kahan vishram (No rest for me) penned by noted Hindi writer Dr Kanhaiyalal Nandan spanning half a century of Arjun Singh's political career is full of understatements that may kick off many controversies even while he escapes saying he did not mean it. In an interview to the author, Arjun Singh talks of the internal democracy that was once the hallmark of the decision-making process of the Congress.
India has repeatedly rejected criticism by foreign governments, lawmakers and human rights groups on allegations that civil liberties have eroded in the country.
Tipra Motha has decided to go solo and hopes to sweep the 20 tribal-dominated seats that hold the key to power in the northeastern state that has a 60-member assembly.
Eight of the 10 most valued companies suffered a combined erosion of Rs 2,48,372.97 crore in their market valuation last week in line with a weak broader market trend, with Reliance Industries taking the biggest hit. Last week, Sensex lost 2,041.96 points or 3.72 per cent. While Reliance Industries, Tata Consultancy Services, HDFC Bank, Infosys, ICICI Bank, State Bank of India, HDFC and Bharti Airtel were the laggards, Hindustan Unilever Limited and Kotak Mahindra Bank emerged as gainers.
Consumer durables shrank year on year, which could suggest to observers that spending confidence is yet to return to the economy.
The failure of SVB was due to idiosyncratic reasons, but shows how higher rates can expose fault lines in unforeseen places, observes Neelkanth Mishra.
The talks took place in a beach resort in Benaulim on the sidelines of a meeting of the Council of Foreign Ministers of the Shanghai Cooperation Organisation.
'The power sector accounts for much of the financial burden of state governments in India.'
'They sent a message that I will not be given the ticket and ordered me to issue a statement -- Gujarat style -- that with immediate effect I was retiring from politics.' 'They were treating me like a political novice who would be pushed around on the order of vested interests.' 'This rude behaviour hurt a lot. It was then I spontaneously decided that I will challenge this dictatorial order and expose all those who want to hurt Lingayat pride in Karnataka.'
Disaster in Uttarakhand, Himachal Pradesh can be blamed on myopic industrialisation, urbanisation and tourism policies.
When he didn't respond (Mr Saver has lost count of how many relationship managers he has had in the past few years!), the gentleman landed up at his doorstep and started pleading with him to open fixed deposits with the bank, observes Tamal Bandyopadhyay.
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