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Top News / Business Standard

Rupee opens 5 paise lower at 71.59 against US dollar

The domestic currency on Tuesday dived 31 paise to end at a nearly one-month low of 71.54 due to heavy dollar buying amid fresh concerns over the progress of China-US trade talks.

16 Oct 2019 9:28 am
INX Media case: 3 member ED team reaches Tihar to grill P Chidambaram

The three-member team of the Enforcement Directorate on Wednesday arrived at Tihar jail on Wednesday morning to interrogate former union minister P Chidambaram in connection with the INX Media money laundering case, before taking a final call on his arrest.Nalini and Karti Chidambaram, the wife and son of the Congress leader, too reached the jail premises ahead of the interrogation process.Officers of ED who arrived at Tihar Jail to interrogate P Chidambram are Mahesh Gupta, Sandeep Thapliyal, a

16 Oct 2019 8:45 am
PM Modi to hold 3 rallies in poll-bound Maharashtra today

Prime Minister Narendra Modi will hold three public rallies in Akola, Jalna and Panvel in poll-bound Maharashtra on Wednesday.The Prime Minister kicked off his election campaign in the state from Jalgaon and Sakoli on October 13.Just like his previous rallies, he is likely to emphasise on the Centre's work including triple talaq, National Register of Citizens (NRC), and abrogation of article 370 as well as highlight the schemes implemented by Maharashtra Chief Minister Devendra Fadnavis-led gove

16 Oct 2019 8:39 am
Market Ahead, October 16: All you need to know before the Opening Bell

Corporate earnings for the September quarter will be the key factor driving the markets today

16 Oct 2019 8:32 am
Kim vows to fight US sanctions, visits sacred N Korean peak

North Korean leader Kim Jong Un has vowed to surmount US-led sanctions he says have inflicted many hardships and trials on his country. State media on Wednesday showed Kim riding a white horse to climb Mount Paektu. The highest peak on the Korean Peninsula is considered sacred by North Koreans, and Kim often visited the mountain before making major decisions such as his 2018 entrance into diplomacy with Seoul and Washington. The Korean Central News Agency says Kim also visited nearby constructio

16 Oct 2019 8:20 am
VHP America files lawsuit against disrupters of Chicago World Hindu Congress

The Vishwa Hindu Parishad of America has filed a lawsuit against five individuals who allegedly disrupted the second World Hindu Congress (WHC) in Chicago in 2018. The lawsuit, which was filed at the Circuit Court for the 18th Judicial District in Illinois against five named and 10 unidentified defendants, accuses them of conspiring to trespass into the convention, and counterfeiting press passes and other documents in order to gain unauthorised access. A group of protesters had briefly disrupte

16 Oct 2019 8:10 am
Vietnam bans animated 'Abominable' over South China Sea map

Vietnam has pulled Abominable from theaters because the US-Chinese-made animated movie showed a map supporting Chinese claims to the disputed South China Sea. The image in one scene showed the so-called nine-dash line, a vague and broken outline around the resource-rich waters China claims as its own territory. Those claims overlap with claims by Vietnam and other Asian governments, and an international tribunal in 2016 invalidated China's vast claims in a case brought by the Philippines. Abomin

16 Oct 2019 8:10 am
Weekly stock picks by Religare Broking: Buy Bajaj Auto, Bharat Electronics

Weekly Technical Recommendations by Religare Broking Ltd

16 Oct 2019 8:07 am
India halved its poverty rate since 1990s: World Bank

India has halved its poverty rate since the 1990s and achieved a seven plus growth rate over the last 15 years, the World Bank said on Tuesday. India is both critical to the success of global development efforts, including eliminating extreme poverty, and as an influential leader for global goods such as addressing climate change, the bank said ahead of the annual meeting between it and the International Monetary Fund. The country has achieved annual growth exceeding seven per cent over the last

16 Oct 2019 7:55 am
Democratic presidential candidates support impeachment of Trump

Top Democratic presidential aspirants on Tuesday overwhelmingly supported the move of their party colleagues in the House of Representatives to impeach President Donald Trump, saying he has broken the law and there is strong evidence. They launched fierce broadsides against Trump over the Ukrainian scandal at the heart of the impeachment inquiry. Indian American Senator Kamala Harris, a former prosecutor and California Attorney General, said the evidence against Trump is so strong that it would

16 Oct 2019 7:45 am
US House passes Hong Kong 'Democracy Act'

The US House of Representatives on Tuesday passed a bill sought by pro-democracy protesters in Hong Kong that aims to defend civil rights in the semi-autonomous territory. The Hong Kong Human Rights and Democracy Act, which will now move to a similar vote in the Senate before it can become law, has drawn rare bipartisan support in a polarized Congress. Its passage is likely to further aggravate China which has accused external forces of fuelling weeks of unrest in the global financial hub. Today

16 Oct 2019 7:30 am
Important for India to keep fiscal deficit in check: IMF chief economist

It is important for India to keep fiscal deficit in check, even though its revenue projections look optimistic, Chief Economist of the International Monetary Fund (IMF) Gita Gopinath has said. As against India's real growth rate of 6.8 per cent in 2018, the IMF in its latest World Economic Outlook, released on Tuesday, projected the country's growth rate at 6.1 per cent in 2019 and noted that the Indian economy is expected to pick up at 7 per cent in 2020. In India's case, there has been a negat

16 Oct 2019 7:30 am
Will not be having a vote at this time: Pelosi on impeachment inquiry

House of Representatives Speaker, Nancy Pelosi on Tuesday announced that a full vote on House floor concerning US President Donald Trump's impeachment inquiry has not been scheduled.There is no requirement that we have a vote and so at this time we will not be having a vote, Pelosi was quoted as saying, according to Sputnik.Several Republicans have called for a full House vote before the investigation can proceed.Meanwhile, US President Donald Trump alleged that the Democrats are allowing 'no tr

16 Oct 2019 7:26 am
Second PMC Bank depositor dies of heart attack

A Punjab and Maharashtra Co-operative (PMC) Bank depositor, Fattomal Punjabi, passed away on Tuesday due to heart attack.Punjabi's family alleged that he was under stress following the crisis in PMC Bank.This is the second death of a PMC account holder in less than 24 hours.On Monday, a 51-year-old former employee of Jet Airways, Sanjay Gulati, who had deposits worth Rs 90 lakh in the Punjab and Maharashtra Co-operative (PMC) Bank, died hours after participating in a protest rally by depositors

16 Oct 2019 7:21 am
Top events today: Ayodhya case hearing may end, Rajya Sabha bypolls, & more

Bypolls to the two Rajya Sabha seats which fell vacant following deaths of former Union ministers Arun Jaitley and Ram Jethmalani will be held today

16 Oct 2019 7:13 am
Will not be having a vote at this time: Pelosi on impeachment proceedings against Trump

House of Representatives Speaker, Nancy Pelosi on Tuesday announced that a full vote on House floor concerning US President Donald Trump's impeachment inquiry has not been scheduled.There is no requirement that we have a vote and so at this time we will not be having a vote, Pelosi was quoted as saying, according to Sputnik.Several Republicans have called for a full House vote before the investigation can proceed.Meanwhile, US President Donald Trump alleged that the Democrats are allowing 'no tr

16 Oct 2019 6:59 am
Uttar Pradesh: Home Guard Minister assures no one will be removed from job

Hours after UP Police terminated the service of 25,000 home guards, the Home Guard Minister Chetan Chauhan clarified that no official letter had been received from the Home Department in this regard and that no one will be removed from their jobs.Chauhan on Tuesday said that due to budget constraints, the days of duties will be less but the service of home guards won't be terminated.We have not received any official letter from the Home Department. I assure that no one will be removed from their

16 Oct 2019 6:52 am
Trump says US being 'very tough' on Turkey; Pence, Pompeo to visit Ankara

The US is being very tough on Turkey and has imposed the strongest sanctions, President Donald Trump said, as a delegation headed by Vice President Mike Pence prepares to leave for Ankara on Wednesday to press the Turks to stop their military offensive in northern Syria. Speaking to reporters at the White House on Tuesday, Trump also reiterated that his administration wants to bring US soldiers back home. Members of the high-power delegation, including Secretary of State Mike Pompeo and National

16 Oct 2019 6:50 am
Video of 'drug party' inside Jodhpur jail goes viral

A video of Jodhpur jail has gone viral in which inmates of the prison can be seen enjoying an alleged 'drug party'.In the video, the inmates are also seen using mobile phones. One of them is heard saying the jail authorities on the pretext of providing VIP treatment ask for money from the inmates.On being asked about the incident, Jail Superintendent Kailash Trivedi said the video appears to be an old one.I do not really know about this incident but I think this is an old video which is now bein

16 Oct 2019 6:33 am
Best of BS Opinion: Perils of loan waivers, crucial SC judgments, and more

Here's a selection of Business Standard opinion pieces for the day

16 Oct 2019 6:21 am
Imperative now is to end incursion into Syria, says Iranian Foreign Minister

Joining the chorus of several countries that have called for an end to Turkish military offensive in Syria, Iranian Foreign Minister Javad Zarif on Tuesday (local time) said it is imperative to end the incursions in Syria.The imperative now is to end the incursion into #Syria & address all concerns through #ADANA. Meanwhile, it is essential that the core principles of JUS IN BELLO are fully observed: distinction between civilians and combatant, & prohibition on inflicting unnecessary suffering,

16 Oct 2019 6:06 am
New Delhi: Cops lay trap to nab three criminals

Police laid a honey trap to nab three desperate criminals who had robbed a taxi driver in Mundka area here.According to the police, on October 10, the three accused -- Somvir, Pradeep and Manoj -- robbed a taxi driver in Mundka and fled away with his car.During the technical analysis of Somvir's mobile phone, it was decided that a honey trap could be laid to track him down.Accused Somvir was contacted through his female friend. He was contacted through a shadow honey trap for that purpose. A wom

16 Oct 2019 5:59 am
US committed crime against humanity by sanctioning Iran, says Hassan Rouhani

Iranian President Hassan Rouhani on Tuesday (local time) slammed US for withdrawing from the Joint Comprehensive Plan of Action (JCPOA) and said that it has committed a crime against humanity by sanctioning Iran.Rouhani made the remarks while addressing the 66th Session of World Health Organization (WHO) Regional Committee for the Eastern Mediterranean, reported IRNA news agency.Without any reasons and just because of the pressures from domestic extremists, the Zionist regime, and Saudi Arabia,

16 Oct 2019 5:21 am
Telangana: 25-year-old man beaten to death on suspicion of theft in temple

A 25-year-old man was beaten to death for allegedly committing theft in a temple. A case has been registered in the matter.Nizamabad Police in a statement said, The incident occurred on Tuesday. Gangadhar left his residence saying he was going to work. However, he went to Dharmaram village, where a group of villagers caught him for allegedly committing theft in a temple and lynched him. Later he was rushed to a nearby hospital where he succumbed to his injuries.Gangadhar's body was shifted to a

16 Oct 2019 4:59 am
Maharashtra: Pune Crime Branch seizes 1.54 kg brown sugar, arrests two

Crime Branch of Pune police has arrested two accused in possession of 1.54 kg of brown sugar valued at over Rs 1 crore in the international market.The accused have been identified as Selvam Pareshan Devender (57) and Vasanti Chinh Devender (57), both residents of Mumbai.During routine patrolling, a team of Crime Branch found Selvam and Vasanti standing near Chandni Chowk area of Pune city. Suspicious of their movements, police asked them a few questions but they tried to move away. Hence they we

16 Oct 2019 4:49 am
Imran Khan meets Saudi crown prince, discusses 'latest' regional, international developments

Pakistan Prime Minister Imran Khan on Wednesday met Saudi Arabia's King Salman and Crown Prince Mohammed bin Salman during his day-long tour to the country.During the meeting, they discussed close relations between the two countries, aspects of bilateral cooperation and the latest developments at the regional and international arena, Ministry of Foreign Affairs of the Kingdom of Saudi Arabia said in a statement on Twitter about the meeting between Pakistani Prime Minister and the Saudi Crown Pri

16 Oct 2019 4:33 am
Amid Turkish offensive in Syria, Erdogan dials Putin, accepts invite to visit Russia

In a significant development amid Ankara's ongoing military incursions in Syria, Turkish President Recep Tayyip Erdogan held a telephonic conversation with his Russian counterpart Vladimir Putin and accepted the latter's invite to visit Russia.The two leaders also discussed the situation in Syria while agreeing to avoid clashes between Turkish and Syrian Armed Forces.The presidents of Russia and Turkey reaffirmed their commitment to continuing the process of political settlement in Syria and exp

16 Oct 2019 4:21 am
Erdogan says Turkey 'can never declare ceasefire' in north Syria

Turkish President Recep Tayyip Erdogan dismissed a US proposal to broker a ceasefire in northern Syria and said he was not worried over US sanctions, in comments published in Turkish media Wednesday. He also said the Syrian army's entry into the flashpoint northern Syrian city of Manbij was not a very negative development for his country as long as the region is cleared of Syrian Kurdish fighters. They tell us 'to declare a ceasefire'. We can never declare a ceasefire, Erdogan told journalists o

16 Oct 2019 4:15 am
Trump's lawyer dismisses impeachment subpoena

Donald Trump's personal lawyer Rudy Giuliani on Tuesday brushed off a subpoena from the congressional impeachment investigation, ratcheting up tensions as Democrats build evidence of presidential abuse of office. Giuliani declared the inquiry illegitimate and unconstitutional, risking being declared in contempt of the Congress as he refused to turn over documents demanded by three Democrat-led committees. US media said the Office of Management and Budget had also decided not to meet Tuesday's de

16 Oct 2019 4:00 am
Russia seeks to cement its role as power broker in Syria

Russia moved to fill the void left by the United States in northern Syria on Tuesday, deploying troops to keep apart advancing Syrian government forces and Turkish troops. At the same time, tensions grew within NATO as Turkey defied growing condemnation of its invasion from its Western allies. Now in its seventh day, Turkey's offensive against Kurdish fighters has caused tens of thousands to flee their homes, has upended alliances and is re-drawing the map of northern Syria for yet another time

16 Oct 2019 4:00 am
Turkish bank charged with evading US sanctions on Iran

A major Turkish bank has been criminally charged in an indictment with participating in a multibillion-dollar scheme to evade U.S. sanctions against Iran. The charges against Halkbank, a state-owned bank, were announced Tuesday by federal authorities. In a release, US Attorney Geoffrey S. Berman says senior bank officials designed and carried out the scheme to move billions of dollars of Iranian oil revenue illegally. He says the crimes were supported and protected by high-ranking Turkish govern

16 Oct 2019 3:35 am
EU: Brexit deal in sight but UK must still do more

European Union officials were hoping Tuesday that after more than three years of false starts and sudden reversals a Brexit deal with Britain might be sketched out within hours. The bloc said that it might be possible to strike a divorce deal by Thursday's EU leaders' summit, which comes just two weeks before the U.K's scheduled departure date of Oct. 31. One major proviso: The British government must make more compromises to seal an agreement in the coming hours. Britain and the EU have been he

16 Oct 2019 3:35 am
US Vice President Mike Pence to meet Erdogan in Ankara on October 17

US Vice President Mike Pence will meet with Turkish President Recep Tayyip Erdogan in Ankara on October 17, the White House announced on Tuesday (local time) amidst Ankara's ongoing offensive in Syria.On October 17, Vice President Pence will participate in a bilateral meeting with President Erdogan. During the meeting, Vice President Pence will reiterate President Trump's commitment to maintain punishing economic sanctions on Turkey until a resolution is reached, the White House said, according

16 Oct 2019 2:45 am
French police fire targas, water cannons at protesting firefighters

French police fired teargas and water cannons at thousands of firefighters protesting in central Paris on Tuesday over a lack of resources and professional recognition. The demonstration started off noisily but peacefully, with whistles, smoke and sirens, before the situation got heated and firefighters scuffled with police as they attempted to block a main road. The police resorted to firing teargas and water cannon at their fellow emergency services professionals. Dozens more protesters assemb

16 Oct 2019 2:40 am
ED has summoned Praful Patel as elections are around: Cong leader Anand Sharma

New Delhi [India], Oct 16 (ANI): Raising questions on the timing of Enforcement Directorate's (ED) summoning of senior NCP leader Praful Patel, Congress leader Anand Sharma on Tuesday said ED has initiated action as elections are around the corner.While speaking to ANI, Sharma said, Elections are around that's why ED has summoned Praful Patel. It has never happened before. Law will take its own course and the country should run as per laws enshrined in the Constitution.The ED has summoned Patel

16 Oct 2019 2:40 am
Trump says Pompeo, Pence to head to Turkey on Wednesday

US Vice President Mike Pence and Secretary of State Mike Pompeo will travel Wednesday to Ankara to press Turkey to halt its offensive against Syrian Kurdish fighters, President Donald Trump said Tuesday. They are leaving tomorrow, Trump told reporters at the White House, a day after Pence announced the trip, without giving a timetable. We are asking for a ceasefire... We put the strongest sanctions that you can imagine. Pence's office released a separate statement adding that he would voice the

16 Oct 2019 2:35 am
Magnitude 4.8 quake shakes part of central California

A magnitude-4.8 earthquake has struck a wilderness area of central California. The US Geological Survey says the temblor occurred at 12:42 p.m. Tuesday and was centered about 16 miles (25 kilometers) southeast of Hollister. The quake occurred at a depth of 6 miles (9.6 kilometers). The epicenter area is in a rugged mountain range, with agricultural areas to the west. Late Monday, the San Francisco Bay Area was rattled by a magnitude 4.5 earthquake. That quake was center near Pleasant Hill, north

16 Oct 2019 2:35 am
Flag Officer Commanding Eastern Fleet calls on US 7th Fleet Commander

Rear Adm Suraj Berry, Flag Officer Commanding, Eastern Fleet (FOCEF), on Tuesday called-on Vice Admiral William R Merz, US 7th Fleet Commander onboard the Flagship USS Blue Ridge (LCC-19).The two held discussions on common maritime issues at Yokosuka on October 15, an official statement readIndian Navy Ships Sahyadri, a stealth frigate and Kiltan, an anti-submarine corvette of the Eastern Fleet, are in Yokosuka as part of Operational Deployment to South China Sea, South East Asia, East China Sea

16 Oct 2019 2:28 am
Telangana: Congress MLA taken into preventive custody for trying to participate in RTC's 'Rasta Roko' protest

Sangareddy Police held Congress MLA Jagga Reddy for allegedly trying to take part in the Telangana State Road Transport Corporation (TSRTC) employees' 'Rasta Roko' (road blockage) protest on Tuesday.According to the police, the 'Rasta Roko' protest was being held illegally, without taking permission from the police. Hence Reddy was arrested.The Congress MLA has been taken into preventive custody and he has been shifted to the local police station here. While he was being shifted, an RTC driver,

16 Oct 2019 2:10 am
Syria: Russian troops patrolling areas vacated by Americans

Russia on Tuesday (local time) said its military units were patrolling the territory in northern Syria which was vacated by Americans.The Americans had vacated the area following the withdrawal order by US President Donald Trump.The New York Times reported that it underscored the sudden loss of US influence in the eight-year Syria war. The Americans had until Monday maintained two military bases in the area.This comes days after Turkey launched an offensive in Syria, a move that has invited inte

16 Oct 2019 2:08 am
Single agency being set up to process defence exports

The association will effectively be a nodal agency for receiving and processing export inquiries from all prospective customers across the globe.

16 Oct 2019 1:43 am
Deal momentum higher in September quarter: Wipro's Bhanumurthy B M

Over the last 8-10 quarters, we have consistently focused on specific areas such as digital and localisation, he said

16 Oct 2019 1:34 am
Pompeo calls Iraqi President to discuss 'shared concerns' over Turkish offensive in Syria

Amidst ongoing Turkish offensive in Syria, US Secretary of State, Mike Pompeo on Tuesday (local time) called Iraqi President Barham Salih.The readout from the US States Department said Pompeo called Salih 'to discuss their shared concerns over the ongoing Turkish military incursion into northeast Syria and the need for Turkey to immediately stop its military offensive'.Turkish offensive in Syria has invited international condemnation with several nations suspending arms sales to Ankara over the

16 Oct 2019 1:22 am
Reliance Jio has been subsidising Airtel, Vodafone Idea: Mathew Oomen

Around 30 per cent of the missed calls used to come from rival networks and our customers called back as it was free, he said

16 Oct 2019 1:21 am
If GDP growth is down, GST mop-up will be hit: Ajay Bhushan Pandey

In September, the collection was a little lower, as we are aware that a few sectors of the economy are posting lower growth, says Ajay Bhushan Pandey

16 Oct 2019 1:19 am
Income-tax officials give thumbs down to govt's faceless assessment move

Dubbed an important initiative in tax reforms, the government launched the faceless assessment scheme in a bid to eliminate the interface between the assessee and the tax officer

16 Oct 2019 1:11 am
Two involved in over dozen cases of robbery in UP, Delhi nabbed after shootout

Two men involved in over a dozen cases of robbery and snatching have been nabbed by the Special Cell of Delhi Police following a shootout at Wazirabad Burari road on Tuesday night, police said. Police uniforms, two pistols and a motorcycle were seized from them. The incident took place at around 10.15 pm when a police team stationed on Wazirabad-Burari road near Jagatpur flyover spotted a motorcycle coming from Wazirabad side and signalled it to stop but the bike-borne miscreants opened fire on

16 Oct 2019 1:10 am
Russian forces patrolling between Syrian, Turkish troops

Russia said Thursday it was patrolling in areas along the line of contact between Syrian and Turkish forces, as the US-led coalition in Syria confirmed it had pulled its troops from the area. Russia's defence ministry said the patrols were taking place after Syrian government troops took control of the city of Manbij. The Syrian government army has full control over the city of Manbij and nearby settlements, the ministry said in a statement. Russian military police continue to patrol the northwe

16 Oct 2019 1:05 am
Regulators working on tighter norms for promoter pledged share funds

RBI, Sebi, Irdai and PFRDA to work closely on new framework

16 Oct 2019 1:01 am
CRPF constable duped of debit card, mobile phone by auto co-passengers

A CRPF constable was on Tuesday duped of his debit card and mobile phone by two men who had shared an auto-rickshaw with him on his way to Connaught place from Kashmiri Gate, said police. The constable was duped while withdrawing cash from an ATM booth at Connaught Place. As the constable headed to an ATM booth after leaving the auto-rickshaw at Connaught Place, the two co-passengers in the auto too followed him and managed to see him punching the PIN for his card. After he withdrew money, one o

16 Oct 2019 12:20 am