Budget 2020

Lakshmi Vilas Bank depositors’ money safe, says RBI-appointed administrator

T N Manoharan, the RBI-appointed administrator of Lakshmi Vilas Bank, on Wednesday said that depositors’ money is safe and expressed confidence of completing the lender’s merger with DBS Bank India within the deadline set by the regulator. On Tuesday, the Reserve Bank of India (RBI) appointed former non-executive chairman of Canara Bank T N Manoharan […]

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Huge cache of drugs seized from Sri Lanka-bound vessel

The Indian Coast Guard intercepted a boat carrying a huge quantity of heroin and some foreign nationals off the Thoothukudi coast early on Wednesday. Preliminary enquiry revealed that the suspects were armed and transporting the narcotics consignment to Sri Lanka. Defence vessels have stepped up surveillance along the eastern seaboard since Tuesday to assist fishermen […]

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Ahmed Patel, a leader who remained synonymous with Congress for three decades

He was the most powerful party leader from Gujarat without holding any position of power With the passing of Congress stalwart Ahmed Patel owing to post COVID-19 complications, Gujarat has lost a leader who remained synonymous with the party for over three decades. Being the longest serving parliamentarian but without holding any government position of […]

Budget 2020

Rs 2.25 lakh cr wiped off! Sensex falls 695 pts on profit booking

NEW DELHI: Deep cuts in private lenders, and index heavyweights Reliance Industries and Infosys dragged the benchmark indices lower in Wednesday’s afternoon session as investors booked profits following a sharp rally on Dalal Street over the past few weeks. The 50-pack Nifty tanked 197 points to end at 12,858, while peer Sensex declined 695 points […]

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A child or young person newly infected with HIV every 100 seconds last year: UNICEF

New York: A child or young person under the age of 20 was newly infected with HIV approximately every minute and 40 seconds last year, bringing the total number of children living with HIV globally to 2.8 million, the UNICEF said. The UNICEF report “Reimagining a resilient HIV response for children, adolescents and pregnant women […]

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Cyclone Nivar: Chennai airport to remain closed till Thursday morning

New Delhi: The Chennai international airport has been closed till 7 AM on Thursday amid bad weather conditions caused by Cyclone Nivar, the Civil Aviation Ministry said. Gusty winds and rains lashed parts of Tamil Nadu on Wednesday, leaving several areas inundated. Authorities have housed over one lakh people in shelters as the severe cyclone […]

Budget 2020

Sebi fines Raymond for violating market norms

Raymond violated provisions of Listing Obligations and Disclosure Requirements (LODR) Regulations, Sebi said in an order. Markets regulator Sebi on Thursday imposed ₹7 lakh fine on Raymond Ltd for not obtaining approval for certain related party transactions involving the lease of JK House. Raymond violated provisions of Listing Obligations and Disclosure Requirements (LODR) Regulations, Sebi […]

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Australian Open ‘most likely’ to be delayed

MELBOURNE: The Australian Open is likely to be delayed by a week or two as negotiations between organisers, the tennis tours and the Victoria government over health measures continue, the state’s sports minister said on Wednesday. Tennis Australia (TA) on Saturday dismissed as “speculation” a report that the Grand Slam would be moved back from […]