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Source: Economic Times India

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No decision yet on joining BJP or AAP: Hardik Patel
Hitting out at the Congress, he said the party never speaks anything on the issues concerning Hindus, such as the CAA (Citizenship Amendment Act) or on the issue of a 'Shivling' (said to be) found in a mosque in Varanasi. Read full article
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Age of scarcity begins with $1.6 trillion hit to world economy
Russia’s invasion of Ukraine and China’s Covid Zero lockdowns are disrupting supply chains, hammering growth and pushing inflation to forty-year highs. They’re the chief reasons why Bloomberg Economics has lopped $1.6 trillion off its forecast for global GDP in 2022. Read full article
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Pakistan to cut massive fuel, electricity subsidies
Informed sources said the talks opened on a healthy note as the two sides appeared converging to key principles -- separating the state's economic decision-making from politics. Read full article
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Shanghai to reopen subways in easing of COVID restrictions
It wasn't immediately clear how frequent the service would be. Bus service resumed on a trial basis within three outlying districts this week, with buses running every 30 to 90 minutes during daylight hours. Read full article
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SALMAN's six-pack steals HRITHIK's thunder on Dalal Street
SALMAN is an abbreviation of six stocks, namely State Bank of India (SBI), Axis Bank, Larsen & Toubro, Maruti Suzuki India, Adani Ports and Special Economic Zone and NTPC that have delivered up to 21 per cent returns in the… Read full article
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SC asks Varanasi civil court not to proceed with Gyanvapi hearing till May 20 as counsel indisposed
​​​A bench of Justices DY Chandrachud, Surya Kant and PS Narashima was informed by advocate Vishnu Shankar Jain that lead counsel Hari Shankar Jain for the Hindu devotees in the civil suit in the case is indisposed. Read full article
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Central government and States have simultaneous powers to legislate on GST: Supreme Court
A bench led by Justice DY Chandrachud held that the Central government and States have simultaneous powers to legislate on Goods and Service Tax (GST). Hence, the GST council must work in harmonious manner to achieve workable solution between Centre… Read full article
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Gyanvapi survey report submitted to Varanasi court
Also, Ajay Mishra, who was removed by the court as the advocate commissioner, file a report late Wednesday evening on the survey conducted by him on May 6 and 7, Yadav said. Read full article
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Joe Biden not 'close contact' of daughter Ashley who tested positive for COVID
Ashley Biden, 40, was scheduled to travel to Central America with her mother, first lady Jill Biden, departing on Wednesday afternoon, but will no longer make the trip, the White House said. Read full article
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Hardik Patel's resignation letter to Sonia reads similar to Himanta Biswa Sarma’s
Hardik fired a salvo on the Congress stating that “may it be the temple of Lord Ram in Ayodhya, CAA-NRC issue, removing Article 370 from Jammu and Kashmir or implementing GST, the country was waiting for them for a long… Read full article
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Truth can't be hidden, time has come to put historical facts in right perspective: RSS on Gyanvapi issue
Speaking at the Devrishi Narad Patrakar Samman Samaroh, an RSS event, Ambekar said, "Gyanvapi issue is going on. The facts are coming out. I believe we should let them come out. In any case, truth always finds a way out.… Read full article
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Elon Musk will now vote for Republicans as conservatives return on Twitter
Musk, who has gained nearly 11 million followers since he first announced Twitter takeover last month, said that the political attacks on him will escalate dramatically in the coming months. Read full article
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Joe Biden has an eye on China as he heads to South Korea, Japan
The U.S. under Biden has forged a united front with democratic allies that has combined their economic heft to make Russia pay a price for its invasion of Ukraine. That alliance includes South Korea and Japan. Read full article
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Stock Radar | Maruti Suzuki falls over 16% from highs; buy only above Rs 7,700: Vaishali Parekh
The auto major with a market capitalisation of Rs 2.2 lakh cr bounced back after hitting a 52-week low of Rs 6,540 back in March 2022 but has remained volatile since then. Read full article
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How a trash-talking crypto bro caused a $40 billion crash
Last week, Luna and another currency that Kwon developed, TerraUSD, suffered a spectacular collapse. Their meltdowns had a domino effect on the rest of the cryptocurrency market, tanking the price of bitcoin and accelerating the loss of $300 billion in… Read full article
18.05.2022
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Public sector entities get power to close, divest units
The cabinet also delegated additional powers to the alternative mechanism to accord 'in principle' approval for disinvestment and minority stake sale in Maharatna PSUs. The decision is aimed at reforming the functioning of PSEs, allowing them greater autonomy and helping… Read full article
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UN cuts India growth estimate to 6.4% in 2022
UN said the global economy is now projected to grow 3.1% in 2022, down from 4% projected in January, due to broad based deterioration of growth prospects including the US, EU, China and a majority of developing countries. Read full article
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Non-ITR filers will face higher TDS
According to the circular, if the ITR was not filed for the relevant previous fiscal year and the aggregate TDS and tax collected at source exceeded Rs 50,000 that year, it would attract a high TDS. Read full article
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BJP to hit streets against MVA's 'inability' to secure MP-like quota for OBCs
"Chief Minister Uddhav Thackeray has not paid any attention to OBC quota. The Maharashtra government has not been able to do what has been done by MP. The MP government has submitted the empirical data to justify political quota for… Read full article
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Goldman Sachs cuts China’s growth forecast to 4% on Covid policy
The investment bank lowered its projection for gross domestic product growth from 4.5% previously, and also cut the second-quarter estimate to 1.5% year-on-year from an earlier prediction of 4%. Read full article
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India remains attractive for FDI investors
Over two-fifth of the 1,200 global business leaders surveyed in the US, UK, Japan and Singapore plan to make additional or first-time investments in India, consulting firm Deloitte had said in a report last year. Read full article
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Maharashtra Congress accuses Sena, NCP of changing ward boundaries to its disadvantage
The Congress alleges that the redrawing of municipal wards for the Pune Municipal Corporation election and the Mumbai Municipal Corporation election has been done in such a way that it divides the Congress pocket boroughs and benefits the NCP in… Read full article
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Should you invest in MCX despite drop in Q4 profit? Here's what analysts say
Decline in future turnover is being replaced by strong traction in options, they said, adding that nonlinear growth in option volume may aid business and earnings growth. On Monday, the scrip rose 5.45 per cent to hit a high of… Read full article
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Why record wheat prices are a global worry
Low rainfall or droughts in major producing countries were already causing worries before Russia's invasion of Ukraine in February sent markets soaring. Since then, wheat-exporting powerhouse Ukraine has struggled to sell and sow its crops, putting consumers in poor countries… Read full article
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Netherlands is proving to be gateway for India’s exports to Europe: Envoy
"A​​n important part of Indian exports was fuel. Rotterdam, being a key harbor for fuel imports, was a so called a natural export destination of Indian fuel exports to the EU. But also a high level of commodities export contributed… Read full article
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Preferred 50 bps rate hike in May, not clear why most in panel sought 40: MPC’s Varma
“The majority of the MPC is in favour of 40 basis points for reasons which are not very clear to me. Whatever symbolic or psychological benefit there may be from keeping the hike below 50 basis points is outweighed by… Read full article
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US recession not expected but Europe 'more vulnerable': Janet Yellen
"I really don't expect the United States to fall into a recession," Janet Yellen said at a press conference ahead of a meeting of G7 finance ministers in Germany. Europe was "more vulnerable and of course more exposed on the… Read full article
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Waiting till June meant losing time when war related inflation pressures accentuated: RBI governor Shaktikanta Das
Justifying the timing of RBI's rate action, the governor said that the war in Europe is now expected to last much longer than earlier anticipated. The April inflation was expected to be further elevated which came at a eight year… Read full article
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Ukraine war has altered inflation dynamics, needed to hike rates swiftly: MPC minutes
As predicted by the head of the RBI, the Consumer Price Index-based inflation print for April was indeed elevated – jumping to an eight-year high of 7.79 per cent. As such, the MPC is widely expected to further raise the… Read full article
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Delhi Lieutenant Governor Anil Baijal resigns
A retired civil servant, Baijal had taken over as Lieutenant Governor in December 2016 following the abrupt resignation of his predecessor Najeeb Jung, and since then, had been at loggerheads with chief minister Arvind Kejriwal. Read full article
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'Opportunist, dishonest' Hardik Patel was in touch with BJP for last six years, allege Gujarat Congress leaders
​​Patel, who had joined the Congress three years ago, on Wednesday resigned from the party, accusing its top leadership of behaving as if they hated Gujarat and Gujaratis. In his resignation letter to Congress chief Sonia Gandhi, Patel (28) said… Read full article
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Maharashtra government 'killed' political reservation for OBCs: Devendra Fadnavis
The ministers in the MVA government "who failed to get the OBC quota" should resign, he demanded. The Supreme Court, on December 12, 2019, had asked the Shiv Sena-NCP-Congress government to complete the 'triple test' necessary for establishing that OBCs… Read full article
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Lot of catching up to do as MPC continued forward guidance for far too long: MPC minutes
In the minutes of the unscheduled meeting held by the Monetary Policy Committee (MPC) between May 2 and May 4, Jayanth Varma said that the MPC had a lot of catching up to do as it delayed the normalisation by… Read full article
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Congress 'deeply pained, disappointed' over release of Rajiv Gandhi assassin, slams govt
Congress chief spokesperson Randeep Surjewala said today there is a sorrow and fury not only in every Congress worker over the development, but in every citizen who believes in India and Indianness. Read full article
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MVA allies to hold deliberations on contesting upcoming Rajya Sabha polls
The tenure of six Rajya Sabha members from Maharashtra -- Piyush Goyal, Vinay Sahastrabuddhe and Vikas Mahatme (all three from the BJP), P Chidambaram (Congress), Praful Patel (NCP) and Sanjay Raut (Shiv Sena) - ends on July 4. Read full article
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Distracting people won't change facts, India looks lot like Sri Lanka: Rahul
The Congress has been accusing the government of distracting people with other issues to hide its failures and issues of price rise and unemployment. Read full article
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World in no better place to fight pandemics than before COVID: Review Panel
A lack of progress on reforms such as World Health Organization funding and international health regulations means the world is as vulnerable as ever, the Independent Panel for Pandemic Preparedness and Response said in its report. Read full article
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Inflation set to avg to 9-yr high at 6.9% in FY23: India Ratings
The average headline inflation is set to accelerate to a nine-year high at 6.9 per cent in FY23, and the Reserve Bank may go for more rate hikes during the fiscal, a domestic ratings agency said on Wednesday. The RBI… Read full article
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Google's Russian subsidiary files for bankruptcy -document
"Since March 22, 2022, it foresees its own bankruptcy and inability to fulfil its monetary obligations, demands to pay severance payments and (or) the remuneration of staff working or previously working under an employment contract, and (or) the obligation to… Read full article
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Proof of pudding is in eating: Shashi Tharoor on Congress' Chintan Shivir outcomes
"Our proposals like the revival of the parliamentary board and the idea of elections to the Working Committee were both intended to bring fresh voices to the table. The final decisions after such discussions would always rest with the leadership,"… Read full article
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No money to buy petrol, says Lankan govt as it urges citizens not to queue up for fuel
Crisis-hit Sri Lanka on Wednesday revealed that it does not have foreign exchange to pay for a vessel of petrol anchored in its waters for nearly two months as it appealed to citizens "not to wait in line" for fuel.… Read full article
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Elon Musk can't easily give Twitter the boot over bots
Musk tweeted on Tuesday that his $44 billion deal to acquire Twitter could not proceed until the company shows proof to back its estimate that spam accounts make up less than 5% of its user base. He has said he… Read full article
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Finance Ministry to clarify doubts on applicability of TDS on perks received in business, profession
The Budget brought in a new section, 194R in the I-T Act which requires deduction of tax at source at the rate of 10 per cent, by any person, providing any benefit or perquisite, exceeding Rs 20,000 in a year… Read full article
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Oilmeals exports up 10% to 3.34 lakh tonnes in April
SEA pointed out that the exports of oilmeals fell to 23.8 lakh tonnes last fiscal year from 36.8 lakh tonnes in previous year. In term of value, exports declined to Rs 5,600 crore from Rs 8,900 crore in 2020-21. Read full article
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More pain in Sri Lanka before any resolution to crisis
The dire assessment by new Prime Minister Ranil Wickremesinghe this week of the island nation's economic plight was a necessary first step, economists said. His proposed solution to bring back some stability includes selling the loss-making national airline, printing more… Read full article
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Group of Ministers agree to levy 28% GST on casino, race course and online gaming
The GoM, headed by Meghalaya chief minister Conrad Sangma, met earlier in the month to discuss the valuation of services provided by casinos and online gaming. Read full article
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Kirit Somaiya's wife files defamation complaint against Shiv Sena MP Sanjay Raut
The former BJP MP's wife said she was shocked to see news reports, between April 15 and 16 this year, of Raut accusing her and her husband of being involved in a scam worth Rs 100 crore over the construction… Read full article
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Shiv Sena accuses Opposition of horse-trading for Rajya Sabha polls
The tenure of six Rajya Sabha members from Maharashtra -- Piyush Goyal, Vinay Sahastrabuddhe and Vikas Mahatme (all three from the BJP), P Chidambaram (Congress), Praful Patel (NCP) and Sanjay Raut (Shiv Sena) ends on July 4. Read full article
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What's behind difficult Taiwan-China relations?
Tensions are higher now than they have been in years, but outside of China's military threats they have been largely relegated to rhetorical and diplomatic sparring. Overseas, Chinese and Taiwanese communities overlap in some situations, but Beijing's demand for political… Read full article
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Will Praj retain its multibagger stock status when EVs rule the roost?
The stock has rallied over 5x in the past 1.5 years due to the decision taken by the government to reschedule the target of 20% blending programme to an earlier deadline of 2025. Read full article
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Hanuman Chalisa row: Won't arrest MP Navneet Rana and her husband till June 9, Mumbai police tell court
The Ranas were arrested by the Mumbai police on April 23 after they announced they will recite the Hanuman Chalisa outside Maharashtra Chief Minister Uddhav Thackeray's private residence 'Matoshree' in suburban Bandra. Read full article
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Inflation, unemployment making new records under 'failed' governance of Centre: Sachin Pilot
The Wholesale Price Index (WPI) at 15.08 per cent is the highest in the new series. The WPI inflation has remained in double digits for the 13th consecutive month since April last year. The Congress party and its leaders have… Read full article
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Mamata Banerjee lashes out at PM Modi over price hike
"The Centre is looting the common people by hiking prices of domestic gas, petrol and diesel. To divert attention of the common people, the Narendra Modi government is engineering communal disturbances," West Bengal CM Mamata Banerjee claimed while speaking at… Read full article
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MVA partners should have been taken into confidence for drafting ward structure for civic polls: Maharashtra Congress
"When there is an alliance government, it is expected that the alliance parties together draft the ward structure. It is not right to put a friend in loss when we are all together, which is why the local Congress officer-bearers… Read full article
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Sri Lanka receives $160 mln in bridge financing from World Bank
SRI LANKA-CRISIS/WORLDBANK (URGENT)Sri Lanka receives $160 mln in bridge financing from World Bank Read full article
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India traders should fulfill local cotton, yarn demand before exports: Textile minister Piyush Goyal
The minister's comments came after textile mills in the southern state of Tamil Nadu, a leading exporter of garments, went on a two-day strike earlier this week demanding a ban on exports. Read full article
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RBI's criticism for "delayed" rate hike unfair, says D Subbarao
The criticism that the Reserve Bank of India was behind the curve in hiking interest rate to tame rising inflation is unfair, former RBI Governor D Subbarao said on Wednesday and asserted that it is difficult for any central bank… Read full article
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NHAI optimistic about meeting asset monetisation target of Rs 20,000 crore in FY'23: Chairperson
In the previous fiscal, NHAI had raised Rs 8,000 crore for five projects accounting for 400 km through the first tranche of InVIT. InvITs are collective investment vehicles similar to an MF, which enables direct monetary investment from individual and… Read full article
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SLCM to set up 36 new offices in 16 states this fiscal
"The company aims to strengthen its presence pan-India with 36 new offices across 16 states," SLCML said in a statement. These offices "Krishi Vikas Kendras" will serve as a connecting thread between the digital application of SLCM and its already… Read full article
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Cabinet empowers boards of PSEs to decide on closure, divestment of units/subsidiaries
However, the Boards do not have powers for disinvestment or closure of their subsidiaries or units or stake in JVs, except for some limited powers given to Maharatna PSEs for minority stake disinvestment in their subsidiaries. Read full article
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Ruchi Soya jumps 8% after name change, Patanjali Ayurved agreement
As of March 31, Patanjai Ayurved held a 39.37 per cent stake in Ruchi Soya. Acharya Balkrishna, one of the promoters and chairman of Ruchi Soya, holds 98.5 per cent of the paid up equity share capital of Patanjali Ayurved. Read full article
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Up 600% since April 2020! Can this Dolly Khanna stock give more upside?
Analysts said margins for the quarter fell mainly due to higher freight costs as they offered a favorable view on the stock with price targets in Rs 750-916 range, suggesting a 6-29 per cent potential upside on the counter. Sharda… Read full article
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Taliban orders UN female staff in Afghanistan to wear hijab
The directive was issued by the Ministry for the Propagation of Virtue and the Prevention of Vice, Khaama Press reported. According to a UNAMA statement, a delegation of Taliban officials from the Ministry said that female employees should consider wearing… Read full article
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After resigning as Chairman of Karnataka Legislative Council, Horatti joins BJP
"Basavaraj Horatti has been a member of the Legislative Council for nearly 45 years and has served as its Chairman and Minister. He is a leader with lot of experience, commands a lot of respect and has been working for… Read full article
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BJP targeting religious places to divert people's attention from issues like unemployment, inflation: Mayawati
"In order to divert people's attention from issues like rising poverty, unemployment and skyrocketing inflation in the country, BJP and its associate organisations are specially targeting religious places and this is not hidden from anyone," Mayawati said. Read full article
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UK inflation hits 9%, highest since 1980s
Finance minister Rishi Sunak, under pressure to offer more help to households, said countries around the world were being hit by high inflation and the jump in the British data for April reflected last month's increase in regulated energy tariffs. Read full article
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Finland, Sweden submit NATO membership application
"I warmly welcome the requests by Finland and Sweden to join NATO. You are our closest partners," Stoltenberg told reporters after a receiving their application letters from the two Nordic countries' ambassadors. The application must now be weighed by the… Read full article
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Fake report in CIA's name against ex-Tripura CM: Biplab Deb's wife files police complaint
Asked about the complaint, West Agartala Police Station officer-in-charge Subrata Chakraborty said, "We have received it. A case has been registered under various sections of the Indian Penal Code. An investigation is underway." Read full article
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'Objectionable' post against Sharad Pawar: Actor Ketaki Chitale remanded in judicial custody
On Wednesday, Thane crime branch officials produced Chitale before a magistrate who remanded her in the magisterial custody. Read full article
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S&P cuts FY23 India growth forecast to 7.3% on rising inflation, Russia-Ukraine war
In its Global Macro Update to Growth Forecasts, S&P said inflation remaining higher for long is a worry, which requires central banks to raise rates more than what is currently priced in, risking a harder landing, including a larger hit… Read full article
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Bharti Airtel outperforms Reliance Jio, Vi on India wireless biz front in Q4FY22: Analysts
Airtel shares, though, were marginally down 0.76% at Rs 702.20 in Wednesday morning trade, after initially jumping nearly 3% a day after the telco beat estimates with an almost 164% on-year rise in consolidated net profit for the fiscal fourth… Read full article
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Six factors that can make ICICI Lombard stock a consistent compounder
ICICI Lombard and Bajaj Allianz are 2 of the most efficient players accounting for almost half of the industry profits of the last 10 years and almost the entirety of the industry’s profits in the last 5 years. All the… Read full article
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Gujarat leader Hardik Patel resigns from Congress
This comes days after party spokesman Manhar Patel hit out against Patel for the latter's 'baseless' allegations and claims, saying that the Patidar leader never met the party's national or state leaders to discuss his issues. Read full article
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Stock Radar: Accumulate United Spirits for a target of Rs 960-1,020, recommends Ajit Mishra
Investors who missed the opportunity before can look at entering the stock or accumulating the stock on dips between Rs 800-840 for a target of Rs 960-1020 in 1-2 months, suggest experts. Read full article
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Goldman Sachs likely to invest Rs 2,700 crore in PharmEasy parent
The money will predominantly be used to refinance the debt the company had taken to fund its acquisition of diagnostics chain Thyrocare last year. Read full article
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Celebrities must do their homework before endorsing crypto, says ad body
ASCI is a self-regulatory body, and its guidelines are not legally binding. In case of a breach, the standards body has in the past published the names of those who have not adhered to the guidelines. It also escalates such… Read full article
17.05.2022
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Tomb of Aurangazeb gets police cover after MNS' demolition demand
​​Entry for tourists/visitors were revoked too by the local administration. The tomb came into limelight recently after the All India Majlis E Ittehadul Muslimeen leader Akbaruddin Owaisi mysteriously paid his respects there. Read full article
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U.S. considering move to block Russian debt payments - Treasury
Bloomberg said the administration has decided against extending the waiver as a way to maintain financial pressure on Moscow. Western sanctions introduced following Russia's invasion of Ukraine ban transactions with Russia's finance ministry, central bank or national wealth fund. Read full article
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Congress MP Karti Chidambaram took bribe of Rs 50 lakhs to "facilitate" illegal visas’: CBI
Karti ‘misused his influence’ in the home ministry in 2011 and ‘conspired’ with co-accused to devise a “back-door way to defeat the purpose of ceiling” on work permits imposed by the ministry, CBI has alleged. Karti’s father and senior Congress… Read full article
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ICC sends 'largest-ever' investigative team to Ukraine
The squad comprises investigators, forensic experts and support staff and will work with Ukrainian authorities, said Karim Khan, the chief prosecutor of the Hague-based ICC. "This represents the largest-ever single field deployment by my office since its establishment," Khan said… Read full article
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Russia says hundreds of Ukrainians surrender at Azovstal
Moscow claimed control of the strategic port city of Mariupol last month after a weeks-long siege, but hundreds of Ukrainian soldiers remained holed up in underground tunnels beneath the huge Azovstal industrial zone. "Over the past 24 hours, 265 militants… Read full article
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Mamata to create special fund to pay MGNREGA wage
"For the last four months, people are not getting their salary under the 100 days work scheme. The primary reason is that the Centre has not given us the funds for it. We have not got what we are supposed… Read full article
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ITC Q4 Preview: Cigarette, hotels, agri biz to drive up to 23% sales growth
Analysts at brokerage firm Share khan said cigarette business revenue is expected to increase by 12-13 per cent YoY with volume growth of 11 per cent. It expects the non-cigarette FMCG business to grow by 5 per cent due to… Read full article
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Trade Setup: Nifty may find resistance at 16,480-16,500 levels in the immediate near term
Wednesday is likely to see the levels of 16,330 and 16,485 acting as immediate resistance points. The supports come in at 16,160 and 16,030 levels. The trading range is likely to stay wider than usual. Read full article
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Russia says it's not planning to block YouTube or cut itself off from internet
Russia has blocked other foreign social media platforms, but despite months of fines and threats against YouTube for failing to delete content Moscow deems illegal and for restricting access to some Russian media, it has stopped short of delivering a… Read full article
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Dubai has been attracting attention of tech community from India: Yousuf Lootah
He said one of the key things that Dubai has been successful in doing over the past year has been attracting the attention of the tech community from India. Lootah also spoke about rising visitors to Dubai, the golden visa… Read full article
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BJP doing 'politics of riots', AAP of providing quality education: Manish Sisodia in Himachal Pradesh
"The education system in Himachal Pradesh is in shambles as government schools lack basic infrastructure and quality education, while fees in private schools are very high as the state government has given them free hand to loot the people," Sisodia… Read full article
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Australian iron ore mine sees potential of investments from India
Lake Giles Iron Project in Western Australia, which has iron ore resources of 66-69 per cent Fe Fines grade, is looking for investment partnerships as well as supply contracts for its USD 500 million mine development in the process. Read full article
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Indian economy likely to grow 12-13% in Q1: ICRA
Citing the second highest business activity index reading in 13 months in April, rating agency Icra on Tuesday forecast the economy to grow 12-13 per cent in the first quarter of the current fiscal. However, Icra has maintained its annual… Read full article
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With transactions worth Rs 1 lakh crore, govt surpasses FY22 target of monetisation plan
In August 2021, finance minister Nirmala Sitharaman announced the Rs 6 lakh crore-NMP over four years to unlock value in infrastructure assets across sectors. Read full article
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Sunil Singhania, other D-Street bigshots pick stake in IPO-bound Ethos
Mukul Mahavir Agarwal increased his stake in the retailer via a rights issue and bought 23,145 equity shares for Rs 550 apiece. He upped his stake to 9,24,121 equity shares or 4.84 per cent, shows the company's RHP filed on… Read full article
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Amazon fraud case: Two Americans plead guilty in multimillion-dollar scheme
Amazon Marketplace is an e-commerce platform owned and operated by Seattle-based Amazon that enables third-party sellers to sell new or used products on a fixed-price online marketplace alongside Amazon's regular offerings. Read full article
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Challenge for India is to sustain 8-9 pc growth for three decades: Niti Aayog CEO
"We bounced back post-COVID-19, and have done extremely well on vaccination, next year as well we will grow. "The challenge (for India) is to sustain high growth of 8-9 per cent over the next three decades," Niti Aayog CEO Amitabh… Read full article
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Why Indonesia's palm oil export ban has not cooled cooking oil prices
Since November, authorities have unrolled a bewildering array of policy measures including subsidies, export permits and a palm oil levy as well as export bans. Still, that has failed to bring the cost of the household necessity made from palm… Read full article
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Polycab down by about 10% from highs; buy on dips for target of Rs 3,000
Polycab is down by about 10 per cent from the 52-week high recorded last month. It took support near Rs 2,360 levels earlier in May before bouncing back. Read full article
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UP govt opposes bail plea of SP leader Azam Khan in SC
Additional Solicitor General S V Raju, appearing for the Uttar Pradesh government, told a bench headed by Justice L Nageswara Rao that he has allegedly threatened the investigating officer in the land grabbing case. “He is a land grabber. Private… Read full article
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Soaring temperatures set fruit and vegetable prices on fire
The overall food inflation, which includes 'Food Articles' from the Primary Articles group and 'Food Product' from the manufactured Products group, rose from 8.71 percent in March 2022 to 8.88 percent in April 2022. Read full article
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Govt mulls extending April GST payment deadline; asks Infosys to fix glitch on portal
"Infosys has been directed by Govt for early resolution. Technical team is working to provide GSTR-2B & correct auto-populated GSTR-3B at the earliest," the CBIC tweeted. GSTR-2B is an auto-drafted Input Tax credit (ITC) statement which is available to every… Read full article
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Appeal filed in SC against Delhi HC's split verdict on criminalisation of marital rape
However, both the judges --Justice Rajiv Shakdher and Justice C Hari Shankar--on the bench concurred with each other for granting a certificate of leave to appeal to the Supreme Court in the matter as it involves substantial questions of law… Read full article
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Omission of lesson on Bhagat Singh from Karnataka school textbook insult to martyr: Arvind Kejriwal
Kejriwal's reaction came a day after some organisations, including All-India Democratic Students Organisation and All-India Save Education Committee, claimed that the Karnataka government has omitted a lesson on freedom fighter Bhagat Singh and included a speech by RSS founder Keshav… Read full article
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A person who buys or sells an investment for you in exchange for a fee (a c…
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