5 Minutes Read

Tokyo Olympics: Indian shuttler PV Sindhu loses to Tai Tzu-ying; to fight for bronze tomorrow

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The 26-year-old silver-medallist from the Rio Games, will be competing against China’s He Bing Jiao in the third place play-off at Musashino Forest Plaza on Sunday.

Indian shuttler PV Sindhu has lost to Tai Tzu-ying of Chinese Taipei by 18-21, 12-21 in women’s singles semi-final at Tokyo Olympics.

She will be playing for bronze tomorrow.

The 26-year-old silver-medallist from the Rio Games, will be competing against China’s He Bing Jiao in the third place play-off at Musashino Forest Plaza on Sunday.

One of the most consistent players, who claimed medals in all big-ticket events in the last five years, Sindhu couldn’t counter Tai Tzu’s deception with her aggressive game, going down 18-21 12-21 here. This is Sindhu’s 14th loss to the Taiwanese second seed in 19 meetings, having also lost to her in the last three face-offs.

On Friday, Sindhu, seeded sixth, had beaten Japanese world no.5 Akane Yamaguchi in the quarterfinals. Earlier, men’s singles player B Sai Praneeth and the men’s doubles pair of Chirag Shetty and Satwiksairaj Rankireddy had failed to qualify for the knockout stage.

-With PTI inputs

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

From higher ATM interchange fees to new NACH rules, key changes to take place from August 1

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

A bevy of changes will come into effect from August 1 ranging from an increase in ATM interchange fees to an amendment in NACH rules.

A bevy of changes will come into effect from August 1 including an increase in ATM interchange fees and an amendment in National Automated Clearing House (NACH) rules. These tweaks will impact banking operations, and even other sectors.

Here’s a list of major changes that will take place from August 1:

ATM interchange fees to be hiked

The Reserve Bank of India (RBI) has allowed lenders to hike the interchange fee per transaction from Rs 15 to Rs 17 for financial transactions, and from Rs 5 to Rs 6 for non-financial transactions in all centres. These changes will come into force from August 1, 2021.

The RBI said that the charges have been allowed to increase given the increasing cost of ATM deployment and expenses towards ATM maintenance incurred by banks/white label ATM operators, as also considering the need to balance the expectations of stakeholder entities and customer convenience.

NACH bulk payment system to be available on all days

The Reserve Bank of India (RBI) has decided that the National Automated Clearing House (NACH) payment system will be made available on all days of the week from August 1, 2021.

NACH is currently available only on days when banks are open.

The NACH system can be used for making bulk transactions towards the distribution of subsidies, dividends, interest, salary, pension etc., and also for those towards the collection of payments pertaining to telephone, electricity, water, loans, investments in mutual funds and insurance premium, among others.

ICICI Bank to revise select charges

Private sector lender ICICI Bank is all set to revise various charges related to cash transactions, ATM interchange and cheque books, among others, for its savings account holders. These revised charges will also be applicable from August 1, according to the bank’s official website.

The lender has allowed four free cash transactions per month, a limit beyond which a fee of Rs 150 per transaction would be charged. The value limit (the total of all deposits and withdrawals) will be inclusive of both the home and non-home branch transactions. In value terms, the limit for free transactions for ICICI Bank customers at the home branch would be Rs 1 lakh per account per month.

No charges will be levied for cash transactions up to Rs 25,000 per day at branches other than the home branch. Above Rs 25,000, Rs 5 will be levied per Rs 1,000 subject to a minimum of Rs 150. For third-party cash transactions (the total of deposits and withdrawals), up to a limit of Rs 25,000 per day, a charge of Rs 150 per transaction will be levied.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Shriram Transport Finance Q1 net down 47% to Rs 170 cr on higher bad loan provisioning

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Non-banking finance company Shriram Transport Finance on Friday reported a 46.90 percent drop in standalone net profit to Rs 169.94 crore for the quarter ended June due to higher provisioning for bad loans.

Non-banking finance company Shriram Transport Finance on Friday reported a 46.90 percent drop in standalone net profit to Rs 169.94 crore for the quarter ended June due to higher provisioning for bad loans. The lender had reported a net profit of Rs 320.06 crore in the year-ago quarter.

Its Managing Director and CEO Umesh Revankar said the Q1 FY22 numbers cannot be compared with the same quarter of the previous year as there was a moratorium. ”Due to the second wave of COVID, gross Stage 3 assets (NPAs) increased. So we felt the need to make additional provisioning. We also feel that passenger vehicle segment is still undergoing challenges and hence, we provided for it,” Revankar said.

During the period, it made COVID provisioning of Rs 261.02 crore. Net interest income (NII) for the quarter rose 14.38 percent to Rs 2,107.45 crore from Rs 1,842.54 crore in the same period of the previous year. Gross Stage 3 assets stood at 8.18 percent from 7.98 percent. Net Stage 3 assets were at 4.74 percent as against 5.06 percent in the year-ago period. The collections for April, May and June stood at 92 percent, 87 percent and 94 percent.

”We feel that July has been good so far and we expect momentum to be much better in August and September. We should be able to reduce our Stage 3 and Stage 3 levels and will show better results going forward,” Revankar said. Under the RBI’s Resolution Framework 2.0, the lender has invoked resolution plans for eligible borrowers worth Rs 1,434.14 crore. The lender restructured Rs 300 crore of loans in the quarter and expects a similar amount of restructuring in the second quarter as well.

Total assets under management (AUM) grew 6.75 percent to Rs 119,301.37 crore as compared to Rs 111,756.37 crore. The Q1 numbers include the results of STFC, the holding company, and associate firm Shriram Automall India Ltd. STFC said its board of directors also approved periodical resource mobilization by the issuance of debt securities.

The company plans to issue such instruments on a private placement basis in tranches from August 1 to October 31, 2021, it added. The flagship company of the Shriram Group, STFC mainly provides finance for the commercial vehicle industry.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

Millions of Americans are at risk of eviction as moratorium expires

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

More than 3.6 million Americans are at risk of eviction as nearly $47 billion in federal housing aid to the states during the pandemic has been slow to make it into the hands of renters and landlords owed payments.

A nationwide eviction moratorium expired Saturday after President Joe Biden and Democrats in Congress worked furiously but ultimately failed to align on a long-shot strategy to prevent millions of Americans from being forced from their homes during a COVID-19 surge.

More than 3.6 million Americans are at risk of eviction, some in a matter of days, as nearly $47 billion in federal housing aid to the states during the pandemic has been slow to make it into the hands of renters and landlords owed payments.

Tensions mounted late Friday as it became clear there would be no resolution in sight. Hours before the ban was set to expire, Biden called on local governments to take all possible steps to immediately disburse the funds. Evictions could begin as soon as Monday.

There can be no excuse for any state or locality not accelerating funds to landlords and tenants that have been hurt during this pandemic, Biden said in a statement.

Every state and local government must get these funds out to ensure we prevent every eviction we can, he said.

The stunning outcome, as the White House and Congress each expected the other to act, exposed a rare divide between the president and his allies on Capitol Hill, and one that could have lasting impact as the nation’s renters face widespread evictions.

Biden set off the scramble by announcing he would allow the eviction ban to expire, rather than challenge a recent Supreme Court ruling signaling this would be the last deadline. He called on Congress on Thursday to swiftly pass legislation to extend the date.

Racing to respond, Democrats strained to rally the votes early Friday. House Speaker Nancy Pelosi implored colleagues to pass legislation extending the deadline, calling it a moral imperative, to protect renters and also the landlords who are owed compensation.

Congress must meet the needs of the American people: both the families unable to make rent and those to whom the rent is to be paid, she said in an overnight letter late Thursday.

But after hours of behind-the-scenes wrangling throughout the day, Democratic lawmakers had questions and could not muster support to extend the ban even a few months. An attempt to simply approve an extension by consent, without a formal vote, was objected to by House Republicans. The Senate may try again Saturday.

Lawmakers were livid at prospect of evictions in the middle of a surging pandemic.

Housing is a primary social indicator of health, in and of itself, even absent COVID, said Rep. Alexandria Ocasio-Cortez, D-N.Y. A mass eviction in the United States does represent a public health crisis unto itself.

Rep. Maxine Waters, D-Calif., the Financial Services Committee chair who wrote the emergency bill, said House leaders should have held the vote, even if it failed, to show Americans they were trying to solve the problem.

Is it emergency enough that youre going to stop families from being put on the street? Waters testified at an hastily called hearing early Friday morning urging her colleagues to act. What the hell is going to happen to these children?

But Rep. Cathy McMorris Rodgers of Washington, the top Republican on another panel handling the issue, said the Democrats bill was rushed.

This is not the way to legislate, she said.

The ban was initially put in place to prevent further spread of COVID-19 by people put out on the streets and into shelters.

Congress pushed nearly $47 billion to the states earlier in the COVID-19 crisis to shore up landlords and renters as workplaces shut down and many people were suddenly out of work.

But lawmakers said state governments have been slow to distribute the money. On Friday, they said only some $3 billion has been spent.

By the end of March, 6.4 million American households were behind on their rent, according to the Department of Housing and Urban Development. As of July 5, roughly 3.6 million people in the U.S. said they faced eviction in the next two months, according to the U.S. Census Bureaus Household Pulse Survey.

Some places are likely to see spikes in evictions starting Monday, while other jurisdictions will see an increase in court filings that will lead to evictions over several months.

Biden said Thursday that the administration’s hands are tied after the Supreme Court signaled the moratorium would only be extended until the end of the month.

At the White House, deputy press secretary Karine Jean-Pierre said the administration backs the congressional effort to extend the eviction moratorium to protect these vulnerable renters and their families.

The White House has been clear that Biden would have liked to extend the federal eviction moratorium because of the spread of the highly contagious delta variant of the coronavirus. But there are also concerns that challenging the court could lead to a ruling restricting the administrations ability to respond to future public health crises.

The administration is trying to keep renters in place through other means. It released more than $1.5 billion in rental assistance in June, which helped nearly 300,000 households. Biden on Thursday asked the departments of Housing and Urban Development, Agriculture and Veterans Affairs to extend their eviction moratoriums on households living in federally insured, single-family homes. In a statement late Friday the agencies announced an extension of the foreclosure-related ban through the end of September.

On a 5-4 vote last month, the Supreme Court allowed the broad eviction ban to continue through the end of July. One of those in the majority, Justice Brett Kavanaugh, made clear he would block any additional extensions unless there was clear and specific congressional authorization.

Aides to Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Sherrod Brown, D-Ohio, the chair of the Committee on Banking, Housing and Urban Affairs, said the two were working on legislation to extend the moratorium and were asking Republicans not to block it.

The public health necessity of extended protections for renters is obvious,” said Diane Yentel, executive director of the National Low Income Housing Coalition. “If federal court cases made a broad extension impossible, the Biden administration should implement all possible alternatives, including a more limited moratorium on federally backed properties.

Landlords, who have opposed the moratorium and challenged it repeatedly in court, are against any extension. They, too, are arguing for speeding up the distribution of rental assistance.

The National Apartment Association and several others this week filed a federal lawsuit asking for $26 billion in damages because of the impact of the moratorium.

Any extension of the eviction moratorium equates to an unfunded government mandate that forces housing providers to deliver a costly service without compensation and saddles renters with insurmountable debt, association president and CEO Bob Pinnegar said, adding that the current crisis highlights a need for more affordable housing.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

COVID impact: PropEquity data shows 58% fall in housing sales in April-June over preceding quarter

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Data analytic firm PropEquity on Saturday reported that housing sales across seven major cities fell 58 percent during April-June over the previous quarter due to the second wave of the COVID-19 pandemic.

Data analytic firm PropEquity on Saturday reported that housing sales across seven major cities fell 58 percent during April-June over the previous quarter due to the second wave of the COVID-19 pandemic. According to data, sales of residential properties declined to 45,208 units in April-June 2021 from 1,08,420 units in the preceding quarter. ”Sales or absorption fell by a massive 58 percent as India witnessed the major brunt of the COVID second wave in April and May,” PropEquity said in a statement.

Stringent lockdown across major cities in India impacted housing sales as home registrations were also suspended and home loan disbursals were slow, it added. Bengaluru, Chennai, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR), Delhi-NCR and Pune witnessed a fall in housing sales in Q2 of 2021 versus Q1 of 2021 by 55 percent, 59 percent, 49 percent, 57 percent, 63 percent, 43 percent and 62 percent, respectively.

”Real estate sector which was slowly recovering by March was hit with the second wave. Going ahead, we may witness resizing of units, marketing led discounts, amenities and special payment schemes to be offered by developers to boost demand, especially during the beginning of the festive season,” said Samir Jasuja, founder and managing director at PropEquity. On a quarter on quarter basis, Bengaluru saw a downfall of 55 per cent in home sales in Q2 2021 at 5,487 units.

Housing sales in Chennai fell 59 percent in Q2 2021 to 2,084 units. Home sales in Hyderabad witnessed a decrease of 49 percent in Q2 2021 at 6,463 units.

Kolkata saw a decrease of 57 percent in home sales in Q2 2021 at 1,603 units. In MMR, sales dipped 63 percent in the second quarter at 15,562 units.

Housing demand in NCR declined 43 percent to 4,465 units, while Pune witnessed a downfall of 62 percent in sales to 9,544 units. However, on a year-on-year basis, housing sales were up by 51 percent across the top 7 cities in India in the second quarter of 2021 to 45,208 units from 29,942 units in Q2 of 2020.

Bengaluru, Chennai, Hyderabad, Kolkata, MMR, NCR and Pune witnessed a jump in housing sales by 33 percent, 65 percent, 138 percent, 14 percent, 38 percent, 98 percent and 39 percent, respectively. PE Analytics owns and operates PropEquity, which is an online real estate data and analytics platform covering over 1,18,010 projects of 34,217 developers across over 44 cities in India.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

India, China hold 12th round of military talks; focus on disengagement in Gogra, Hot Springs

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The 12th round of military talks between India and China is taking place over two weeks after External Affairs Minister S Jaishankar firmly conveyed to his Chinese counterpart Wang Yi that the prolongation of the existing situation in eastern Ladakh was visibly impacting the bilateral ties in a “negative manner”.

India and China are holding another round of high-level military talks on Saturday with an aim to move forward on the disengagement process in the remaining friction points in eastern Ladakh to end an over 14-month standoff, sources in the security establishment said.

The 12th round of Corps Commander-level talks are taking place at the Moldo border point on the Chinese side of the Line of Actual Control (LAC) in eastern Ladakh, they said.

The talks started at 10:30 AM as scheduled, said a source. India is hopeful of a positive outcome on the disengagement process in Hot Springs and Gogra, the sources said about the talks.

The latest round of talks is taking place after a gap of more than three and a half months. The 11th round of military dialogue had taken place on April 9 at the Chushul border point on the Indian side of the LAC and it lasted for around 13 hours.

The 12th round of military talks is taking place over two weeks after External Affairs Minister S Jaishankar firmly conveyed to his Chinese counterpart Wang Yi that the prolongation of the existing situation in eastern Ladakh was visibly impacting the bilateral ties in a “negative manner”.

The two foreign ministers had held a one-hour bilateral meeting on the sidelines of a conclave of the Shanghai Cooperation Organisation (SCO) in Tajik capital city Dushanbe on July 14.

In the meeting, Jaishankar told Wang that any unilateral change in the status quo along the LAC was “not acceptable” to India and that the overall ties can only develop after full restoration of peace and tranquillity in eastern Ladakh.

In the last round of military talks, both sides discussed ways to take forward the disengagement process in Hot Springs, Gogra and Depsang with a larger aim to bring down tensions in the region. However, there was no forward movement in the disengagement process.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

Overdrive: Volkswagen India’s Ashish Gupta on much-awaited SUV Taigun

Overdrive is just days away from bringing in its first drive impression of Volkswagen India’s most awaited SUV, the Taigun. Overdrive’s Bertrand D’Souza caught up with Ashish Gupta, the brand director at Volkswagen India.

He shared more about the brand’s positioning of the SUV in the market, value-added services, and more on the production capacity.

Watch the accompanying video for the full show.

 5 Minutes Read

Centre reviews COVID-19 situation in 10 states showing upsurge in cases

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The public health measures taken for surveillance, containment and management of COVID19 by the health authorities in these states were also reviewed.

Union Health Secretary Shri Rajesh Bhushan chaired a high-level meeting on Saturday to review the COVID-19 situation in 10 states of Kerala, Maharashtra, Karnataka, Tamil Nadu, Odisha, Assam, Mizoram, Meghalaya, Andhra Pradesh and Manipur. The public health measures taken for surveillance, containment and management of COVID19 by the health authorities in these states were also reviewed.

These states are either reporting a rise in new daily COVID cases or a rise in positivity.

Union Secretary for Health and Family Welfare underlined the critical COVID control and management strategies as below:

1. All districts reporting positivity rate more than 10 percent in the last few weeks need to consider strict restrictions to prevent/curtail movement of people, formation of crowds and intermingling of people to prevent spread of infection. It was forcefully underlined that any laxity at this stage will result in deterioration of the situation in these districts.

2. More than 80 percent active cases in these states are reported to be in home isolation. There is need to effectively and strictly monitor these cases so that they are not intermingling and circulating in their neighborhoods, community, village, mohalla, ward etc., and spreading the infection.

3. The people in home isolation should be effectively monitored in such a manner to ensure that those who require hospitalization are seamlessly transferred for timely clinical treatment. Detailed SOPs covering various facets of effective clinical management of COVID19 patients in hospitals have been earlier shared with the States for prompt shifting and effective hospital management.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

 5 Minutes Read

India formulating standards for services sector for high quality: Piyush Goyal

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

India is formulating standards for the services sector so that the country can have high quality of services to offer to the rest of the world, Commerce and Industry Minister Piyush Goyal said on Saturday. He said that India is rapidly progressing across sectors such as healthcare, home delivery, telecom and technology. “In India, we …

India is formulating standards for the services sector so that the country can have high quality of services to offer to the rest of the world, Commerce and Industry Minister Piyush Goyal said on Saturday.

He said that India is rapidly progressing across sectors such as healthcare, home delivery, telecom and technology.

“In India, we are formulating standards for the services ecosystem so that we can have a very high quality of services which we offer to the rest of the world. India is also rapidly progressing to become one of the world’s largest digital markets, be it fintech, edutech and telemedicines,” the minister said at IACC-NIC’s second Indo-US Services Summit.

Talking about legal services, he said Indian lawyers are top class and have huge opportunities opening up for them across the globe.

“We can make sure that we can provide adequate safeguards for the lawyers in the lower courts and larger ecosystem in the legal profession but we will certainly engage with you (experts) and other luminaries and I think we have already set up a committee with the law ministry to examine this issue in greater details,” he added.

Further, Goyal said that the US is the hub of innovation, technology, research and quality education, while India has skilled and intelligent manpower at competitive prices. Total service exports from India to the world was USD 17 billion in 2001-02 and now it has jumped to USD 205 billion in 2020-21.

“As I see them, our services sector will be far more resilient, reliable, robust and it will be at the forefront of economic recovery in a post-Covid world,” he said.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?