India's GDP growth will slow down to 5.5 per cent in FY24 from the 6.9 per cent expected in the current fiscal 2022-23, a Swiss brokerage said on Wednesday. The slowdown was attributed to slowing global growth and tightening of monetary policies in the report by economists at UBS India. It said India will be among the "lesser affected economies" in the world, but made it clear that the world's fifth largest economy is not immune from global headwinds.
The reopening of schools and colleges has sparked a crisis in the edtech sector with falling valuations, slowing funding rounds and faltering investor sentiment. In a totally altered, post-pandemic landscape where students are back at school and colleges, companies are scrambling to revert to bricks-and-mortar tuition centres and adopting a hybrid model of offline and online education. Demand for online tuition has fallen, affecting the revenue of edtech companies in recent months. After two years of booming revenues, some experts say the sector is looking at a possible meltdown.
Calibrated reopening of the economy by states as the number of fresh COVID-19 cases subside increased mobility and aided in a fast-paced increase in an index of business resumption last week, a Japanese brokerage said on Monday. The Nomura India Business Resumption Index rebounded to 76 for the week ended June 13, up from the preceding week's 67.9, a note from the brokerage said. The pre-pandemic value of the index is set at 100.
A vacation bench of Justices NJ Jamadar and Sharmila Deshmukh passed the decision on Wednesday while hearing a petition filed by the company challenging two orders of the state government.
Jammu and Kashmir Chief Minister Omar Abdullah on Wednesday warned that any move to abrogate Article 370, which defines relationship between the state and the Centre, will reopen the issue of the state's accession to India.
"The state is threatened with the spread of COVID-19 virus. Therefore, to take certain emergency measures to prevent and contain the spread of the virus, the lockdown in the state has been extended till January 31," the circular said.
Peter Luger Steak House in Brooklyn has come up with a brilliant idea to fill empty seats.
President Xi Jinping on Monday vowed to build China's military into a "Great Wall of steel" to protect its sovereignty and developmental interests as he sought a bigger role for Beijing in global affairs, days after brokering a Saudi Arabia-Iran detente, regarded as a diplomatic coup.
Edtech unicorn Vedantu has laid off 385 employees, nearly 11.6 per cent of the company workforce, according to sources. This move is being seen as part of a drive in the edtech sector towards profitability via cost-savings and consolidation, as funds dry up, they said. The Bengaluru-based firm has laid off over 1,100 employees (both full-time and contractual), so far, this year.
Brent crude oil prices may rise to $110 a barrel in 2023, up nearly 33 per cent from the current levels, said analysts at Morgan Stanley, in a recent note. This is, however, lower than the peak level of nearly $127 touched earlier in 2022 as geopolitical concerns took centre stage amidrising demand. "Looking ahead, Brent oil price growth will decelerate even more in the coming quarters. "This comes even as our global oil strategist expects a rise in oil prices back to $110 a barrel by the second half of 2023.
Amid tight security with policemen deployed in and around pre-university colleges at many sensitive places, the day saw a section of Muslim students remaining adamant not to remove the burqa, let alone hijab, the Islamic scarves.
A bench comprising Chief Justice of India DY Chandrachud and Justice PS Narasimha said the petitions raise three separate issues and hence, the need to hear them separately.
India lodged 5,164 cases of offences against the State, including those under sedition, the Official Secrets Act and the Unlawful Activities (Prevention) Act, in 2021 with an average of 14 cases every day, according to latest government data.
It was a quiet reopening with few people venturing warily to watch a mix of regional, English and Hindi reruns such as "Chhichhore", "Thappad", "Tanhaji" and "The Spy".
Metro rail services may be allowed from September 1 when the 'Unlock 4' phase in the graded reopening from the coronavirus-induced lockdown begins, but schools and colleges will not reopen immediately, an official said.
A bench of Justices B R Gavai and Vikram Nath said the matter requires to be heard.
Life will hardly remain the same when we get to the other side of the Covid-19 pandemic. Economists and social scientists are predicting lasting changes in the way we live, work and eat. Already many eateries around the world are adapating to the virus in order to facilitate sales. Here's how dining out will look during the coronavirus pandemic.
Restaurants with 50 per cent capacity, weekly markets and religious places will reopen in Delhi from June 14, Chief Minister Arvind Kejriwal announced on Sunday, saying the COVID-19 situation has significantly come under control in the city.
State Home Minister Tamradhwaj Sahu said that in 2013-14, the state had received Rs 50 crore for police modernisation from the Centre. The allocation has come down to Rs 20 crore right now.
The Supreme Court on Tuesday said it would list for hearing on November 14 a PIL seeking constitution of a judicial commission to probe the Morbi bridge collapse incident in Gujarat.
The state government has allowed the reopening of amusement parks, theatres and drama theatres from October 22.
Morbi-based clock and e-bike maker Oreva group was given a contract by the Morbi municipality to repair and operate the ill-fated hanging bridge for 15 years and charge tickets in the range of Rs 10 to Rs 15 for its use, as per documents of the municipality accessed on Monday.
They agreed to continue technical exchanges to help end the epidemic worldwide as soon as possible, it said.
The Pilibhit MP, who was recently dropped from the BJP national executive, said the struggle for justice in Lakhimpur Kheri is about the "cruel massacre of poor farmers in the face of an arrogant local power elite", and the issue has no religious connotations.
The move is expected to give a major relief to Air India, which suffered a huge financial loss of around Rs 491 crore.
In recent weeks, Russia has concentrated its firepower on Ukraine's Donbas region, where it has long backed two separatist regions at war with the Ukrainian government since 2014.
The CJI's announcement made in the apex court assumes significance in the wake of Union Law Minister Kiren Rijiju's statement in Rajya Sabha on Thursday in which he said there was a feeling among the people that long court vacations were not very convenient for justice seekers.
Two civilians were killed and another was injured in firing outside an army camp in Jammu and Kashmir's Rajouri district on Friday, leading to massive protests and demands for a fair probe.
Earlier, the guidelines for reopening activities issued on September 30 were to be in force till October 31.
Singapore Airlines' deal with Tata Sons (Tata) will inject a further SGD 360 million ($267 million) into Air India. It will give SIA a 25.1 per cent stake in the enlarged Air India group following its takeover by Tata and merger with Vistara Airlines. The November 2022 deal between Singapore Airlines and Tata Sons to further inject $267 million into Air India is one of the key strategic initiatives for future growth mentioned in the quarterly financial report. This agreement is still subject to regulatory approval. SIA in the statement said, "The merged entity will be four to five times larger in scale compared to Vistara, with a strong presence in all key airline segments in India.
The Karnataka high court, in its recent interim order pending consideration of all petitions related to the hijab row, restrained all the students in the State from wearing saffron shawls, scarves, hijab and any religious flag within the classroom.
The Tamil Nadu government on Thursday lifted the restriction on weekend worship in temples with effect from today and also permitted all shops including restaurants and bakeries to function till 11 pm.
The United States, he said, will continue to take calm and resolute steps to uphold peace and stability in the face of Beijing's ongoing efforts to undermine it, and to support Taiwan, in line with its longstanding policy.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances