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Second COVID wave poses threat to India's economic recovery: Moody's

The second wave of infections presents a risk to Moody's growth forecast for India as the reimposition of virus management measures will curb economic activity and could dampen market and consumer sentiment.

Apr 13, 2021

Adani Ports removed from S&P index, Yes bank asked to pay Rs.25 Cr penalty

Adani Ports with aproject to build $290 million port in Yangon in Myanmar faced wrath for paying rent to the military-backed Myanmar Economic Corporation

Apr 13, 2021

Sensex tanks 1,100 points, Covid scare grips markets

Possible lockdowns due to a sudden surge in Covid cases has brough down markets, bringing the days March 2020 crash in the market indices

Apr 12, 2021

India's forex reserves down by over $2.4 bn, gold reserves down by $884 mn

India's forex reserves down by over $2.4 billion as of April 2 while the value of the country's gold reserves fell by $884 million to $34.023 billion

Apr 11, 2021

Lost golden city discovered in Egypt; archeologists find 3,000-year-old ancient civilisation in Luxor [Photos]

An expedition led by noted Egyptologist Dr. Zahi Hawass has discovered the 3,000-year-old 'Lost Golden City' near the city of Luxor in Egypt, complete with a cemetery, bakery and more.

Apr 9, 2021

RBI asks banks to refund 'interest on interest' collected during Covid moratorium on loans

The Reserve Bank of India (RBI) has directed all banks and NBFCs to immediately put in place a board-approved policy to refund or adjust the 'interest on interest' charged to borrowers during the moratorium period of March 1 to August 31, 2020.

Apr 8, 2021

Adar Poonawalla on challenges, putting India first, need to ramp up vaccine capacity [details]

He also said that in temporarily halting exports and prioritizing India, he has lost a lot of goodwill with export partners but eventually they understand.

Apr 8, 2021

Two Karnatata cadre IAS officers bag secretary posts in GoI [details]

Karnataka cadre IAS officers Ajay Seth, Anil Kumar Jha have received central postings as secretaries in DEA and Ministry of Tribal Affairs, respectively.

Apr 6, 2021

UP Police file 5,000-page chargesheet in Hathras case against journalist Siddique Kappan among others

The 5,000-page charge sheet filed on Saturday, said that the accused received funds from abroad to incite caste riots in Hathras. The charge sheet has been accepted and the court has fixed May 1 as the next date of hearing.

Apr 5, 2021

Covid Impact: Sensex tanks 1,300 points; banking, auto stocks plunge; PVR, Inox worst hit

Sensex tanks 1,300 points; banking, auto stocks plunge while the shares of multiplex players PVR and Inox Leisure plunged after the decision to shut cinema halls and multiplexes amid rising number of Covid cases

Apr 5, 2021

Finance Ministry's April Fool's Day gaffe: PPF rate cut order withdrawn after criticism

The step sparked outrage and may have put the ruling BJP in jeopardy in the ongoing assembly elections, prompting the government to act quickly to mitigate the damage.

Apr 1, 2021

K'taka minister writes to Guv accusing CM Yediyurappa of being autocratic [details]

K.S. Eshwarappa, has written to the Raj Bhavan complaining against Chief Minister Yediyurappa's alleged autocratic style of functioning. Details here.

Apr 1, 2021

Andhra Pradesh CM lays foundation stone for 1.5 km wall

Andhra Pradesh Chief Minister Y.S. Jagan Mohan Reddy on Wednesday laid the foundation stone to construct a retaining wall on the left bank of Krishna river to protect thousands of houses from flooding during the monsoon season.

Mar 31, 2021

TikTok Parent ByteDance's Bank Accounts Said to Be Blocked by India for Alleged Tax Evasion

Indian authorities have blocked at least two of ByteDance's bank accounts for alleged tax evasion, prompting it to ask a court to quash the directive that it fears will hit its operations, two sources with direct knowledge told Reuters.