Month: June 2019

HC says fire clearance norms for restaurants in Delhi moronic

New Delhi :  Fire clearance norms of the AAP government for operating restaurants here were “moronic” and responsible for fire accidents, the Delhi High Court said Thursday. The observation by Justice Vibhu Bakhru came after the court was told that according to the guidelines, a fire clearance was not […]

Ready to take over probe into multi-crore bitcoin Ponzi scam, CBI tells SC

New Delhi :  CBI told the Supreme Court Friday that it is ready to take over the investigation into the multi-crore bitcoin Ponzi scheme in which several investors were allegedly lured on the promise of handsome returns. CBI said this before a vacation bench comprising Justices M R Shah […]

Rupee sees high volatility post allocation of key portfolios

Mumbai :  The rupee witnessed high volatility in the forex market Friday following the allocation of key portfolios in the newly elected government. In the opening trade Friday, the rupee had appreciated by 15 paise to 69.72 against the US dollar, driven by positive opening in domestic equities. Following […]

Sensex drops over 200 pts; Nifty below 11,900

Mumbai :  Domestic equity benchmarks gave up early gains, with the BSE Sensex dropping over 200 points and the NSE Nifty slipping below the 11,900 mark in afternoon session tracking losses in power, metal and financial stocks. Market turned volatile as the government announced the portfolios for new cabinet […]

Sitharaman: India’s first woman FM; looks to steer economy out of slowdown

New Delhi ;  Nirmala Sitharaman Friday broke the glass ceiling again as she became the first full-time woman Finance Minister, who will present Modi 2.0 government’s maiden Budget that should look to take out the country from slowing growth, create jobs, attract investments and tackle banking sector woes. Sitharaman’s […]

Sensex, Nifty end lower on global cues, macro concerns

Mumbai : Benchmark indices slipped from higher levels to settle lower on Thursday as investors looked beyond positive political developments and weighed concerns around global trade war and macro-economic indicators. In a highly volatile session, the benchmark BSE Sensex ended 118 points lower, dragged by losses mainly in auto […]

Pak extends closure of airspace along India till border till June 15

Islamabad : Pakistan has further extended the closure of its airspace along its eastern border with India until June 15, according to the country’s civil aviation authority. Pakistan fully closed its airspace in February after an Indian Air Force strike on a Jaish-e-Mohammed (JeM) terror camp in Balakot. The […]

IMD issues red-code warning for Delhi

New Delhi :  Heat wave conditions continued unabated in Delhi even as the MeT department on Friday issued a “red-colour” warning for the national capital. It also predicted that the maximum temperature may hit the 45-degree Celsius mark by late afternoon. The IMD has four colour-coded messages — green, […]

Andhra top cop shunted out

Amaravati :  Andhra Pradesh Chief Minister Y S Jaganmohan Reddy Thursday night shunted out state Director General of Police R P Thakur, very much on expected lines. Anti-Corruption Bureau DG A B Venkateswara Rao (1989 batch) has also been removed and asked to report to the General Administration Department. […]

Monsoon to be below normal over north, south India: IMD

New Delhi :  The overall monsoon across the country is “most likely” to be normal this season but it will be below normal over north and south India, the India Meteorological Department said in its forecast Friday. The El-Nino phenomenon, generally believed to have its impact on monsoon, will […]

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