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Govt to list ECGC, infuse Rs 6k cr capital



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SC seeks Tirupati response on ritual ‘irregularities’

The Supreme Court on Wednesday sought response from Tirumala Tirupati Devasthanam (TTD) to a year-and-half old complaint by a devotee of Lord Balaji that irregularities have crept into the daily “puja and archana” in the temple causing consternation among devotees of the principal deity.​

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India's external debt prudently managed despite Covid-19: FM Nirmala Sitharaman

"Salient debt indicators such as external debt as a ratio to GDP at 21.1%, debt service ratio at 8.2%, and foreign exchange reserves to external debt ratio at 101.2% are in a zone of comfort," said Sitharaman. "The long-term debt constitutes the bulk."

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Gas shortages awaken Britain to some crucial workers: Truck drivers

Now, as a critical shortage of truck drivers has caused gas pumps to run dry across the country and disrupted the lives of thousands, Britons and their leaders in Parliament are delivering a plaintive message: We need you.

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Congress crisis simmers in Punjab, Amarinder-Amit Shah meeting fuels speculation

The meeting between Former Punjab Chief Minister Captain Amarinder Singh and Union Home Minister Amit Shah came amid fresh turmoil in Punjab Congress with the sudden resignation of state Congress chief Navjot Singh Sidhu and led to speculation that the Congress leader may be warming up to the BJP.

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Cash-strapped Evergrande Group to sell $1.5 billion stake in Shengjing Bank to state firm

Shengjing Bank, one of the main lenders to Evergrande, had demanded that all net proceeds from the disposal be used to settle the financial liabilities of the property developer due to the lender, Evergrande said in an exchange filing.

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India exempts Covid-19 vaccine from import duty

"The Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the goods of the description specified when imported into India, from the whole of the duty of customs leviable," the Board said in a notification issued on September 29.

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IRFC reports Rs 4,416 crore net profit for FY21

The company has declared an interim dividend of Rs 1,372.19 crore which works out to 31.07 per cent of profit after tax (PAT) for the financial year 2020-21.

from Stocks-Markets-Economic Times https://ift.tt/3umOwdR

Kayak Investments pares stake in Max Healthcare; sells shares worth Rs 2,956cr

According to bulk deal data available with the National Stock Exchange (NSE), Kayak Investments, an affiliate of private equity major KKR, offloaded 8.44 crore shares of Max Healthcare.

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IndusInd Bank acquires 4.79% stake in McLeod Russel by invoking pledged shares

"We wish to inform that the bank had yesterday, i.e., September 28, 2021, pursuant to invocation of pledge of shares, acquired 50,00,000 equity shares of McLeod Russel India Ltd," IndusInd Bank said in a regulatory filing.

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Exported Rs 38,000 crore worth defence equipment in 7 years, says Rajnath Singh

Defence Minister Rajnath Singh urged private sector defence companies to invest in research and development, particularly in technologies relating to cyberspace.

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As deadline looms, Democrats scramble to avert US government shutdown

The Senate could vote on Wednesday or Thursday on a bipartisan resolution to fund federal operations through early December, Senate Democratic Leader Chuck Schumer said. "With so many critical issues to address, the last thing the American people need right now is a government shutdown. This will prevent one from happening," Schumer said.

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Cabinet okays Rs 4,400 crore infusion in ECGC, its listing

The government said the capital infusion and planned IPO will increase ECGC's underwriting capacity up to ₹88,000 crore and facilitate additional exports of ₹5.28 lakh crore over a five-year period.

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NCST group to study loopholes in caste certificate issuance system

The NCST has recently received several complaints of fake caste certificates issued in states, including Madhya Pradesh, Maharashtra and Andhra Pradesh. There have been complaints of 35,000 alleged fake complaints issued from Madhya Pradesh in connivance with officials.

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India to enhance observation system Lorros at China, Pakistan borders

The long-range surveillance can spot moving and stationary vehicles at a minimum distance of 40 km and 15 km, respectively. As per the existing specifications, the distance was 15 km for human targets and 24 km for vehicles.

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India, US can aim for $1 trillion trade in next 10 years: Piyush Goyal

“I'm happy to look at a trillion dollar target for the next 10 years between the US and India. I'm happy to engage with the US, and look for expanding our economic partnership so that then all four members of the QUAD would have very strong economic ties with each other,” Goyal said at an event organised by the US-India Strategic Partnership Forum (USISPF).

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Watch: Lava from Spanish volcano pours into sea



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US Senate bill seeks sanctions against Taliban government enablers

The bill "Afghanistan Counterterrorism, Oversight, and Accountability Act" also seeks to establish a task force that will focus on continued evacuation of American citizens, legal permanent residents and Special Immigrant Visa holders from Afghanistan.

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'Get well soon Sibal': Cong vs Cong shifts from Punjab to Delhi



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IPL: All-round Bangalore thrash Rajasthan by 7 wickets

Royal Challengers Bangalore dished out a clinical display with both bat and ball to record a comprehensive seven-wicket victory over Rajasthan Royals in the Indian Premier League here on Wednesday, boosting their prospects of a top-two finish. Chasing 150, RCB completed the task with as many as 17 balls to spare.

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Acuite Ratings joins hands with United Nations for ESG in a first

It will act as a signatory to PRI’s “ESG in Credit Risk and Ratings Statement”. Fitch, Moody’s, S&P Global, Kroll Bond are among others, which are existing signatories in the gauge.

from Stocks-Markets-Economic Times https://ift.tt/39VwLbT

Two major block deals worth Rs 6,017 crore were executed on Wednesday

Standard Life, which held a 21.23 per cent stake in HDFC AMC, sold 5 per cent of total equity at Rs 2873.79 per share on BSE to raise Rs 3,061 crore.

from Stocks-Markets-Economic Times https://ift.tt/3F3oEZm

Month after month, Covaxin missing production target

Homegrown Covaxin was to play a major role in vaccination against Covid-19. But eight months after the vaccination drive began, only one in 11 Indians has managed to get the first indigenous vaccine. Bharat Biotech, which manufactures it, has failed to ramp up production at the pace it had envisaged.

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Bombay HC fines co Rs 25 lakh for ‘wasting court’s time’

To ensure that those approaching courts in commercial disputes “understand that courts are not playgrounds, and litigation is not a pastime,” the Bombay HC recently directed a private company to pay Rs 25 lakh to a party against whom it was seeking orders.

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Adani loses out to Gujarat Gas on city gas distribution network

The Supreme Court on Tuesday threw out Adani Gas Ltd’s challenge to the decision of the Petroleum and Natural Gas Regulatory Board (PNGRB) to award the city natural gas distribution (CGD) network for Sanand, Bavla and Dholka in Gujarat to Gujarat Gas.

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Govt’s online job exchange for elderly to start on Oct 1

Come October 1, senior citizens seeking work opportunities will be able to register themselves on a first-of-its-kind dedicated employment exchange portal for the elderly. The ‘Senior Able Citizens for Re-Employment in Dignity (Sacred)’ portal, being steered by the ministry of social justice and empowerment (MoSJ&E), will enable “virtual matching” of employable elderly of 60 years and above with employers who come forward and register on the platform.

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Switch hit: Sidhu quits as PCC chief; minister follows

In a switch hit that left Congress on a sticky wicket in Punjab again, cricketer-turned-politician Navjot Singh Sidhu quit as PCC chief on Tuesday, followed by the resignation of new minister Razia Sultana “in solidarity” with him. Gulzar Inder Singh Chahal, who was made PCC treasurer soon after Sidhu took over, also put in his papers along with general secretary Yoginder Dhingra.

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Sebi fines Videocon’s Dhoot, two others for insider trading

Markets regulator Sebi has penalised promoters of Videocon Industries, Venugopal Dhoot and two of his investment companies, with a total fine of Rs 75 lakh for pledging Videocon shares without proper disclosure to shareholders and also for entering into off market transactions using inside information. The case relates to Sebi rule violations by these entities between April and September 2017.

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Congress to retire Kerala old warhorses?

It’s a season of open discontent in the Kerala unit of Congress but those in the know say that it is not likely to extend beyond a lot of sound and some fury. Reason: The Congress high command in Delhi wants the old guard sidelined and rampant factionalism neutralised, and to that purpose it will be willing to put up with KPCC president K Sudhakaran’s rather brash and authoritarian style of functioning.​

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Sidhu not a stable man, resignation sheer drama: Amarinder Singh

Former Punjab chief minister Amarinder Singh on Tuesday said Navjot Sidhu’s resignation as PPCC chief within two months of taking over the vital post had proved beyond doubt that the cricketer turned politician was an “unstable” man, who could not be relied upon to lead the ruling party, especially in a border state like Punjab.

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Ordnance board to split up from Oct 1



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Videocon case: Sebi slaps Rs 75 lakh fine on Venugopal Dhoot, two entities

"Noticees being insiders had executed off market transactions while in possession of Unpublished Price Sensitive Information (UPSI)," Sebi said.

from Stocks-Markets-Economic Times https://ift.tt/2XTAynt

Standard Life to sell 5% stake in HDFC AMC on Wednesday

HDFC AMC operates as a joint venture between Housing Development Finance Corporation (HDFC) and Standard Life Investments. As of June 30, 2021, Standard Life held a 21.23 per cent stake in the mutual fund house, while HDFC owned 52.65 per cent.

from Stocks-Markets-Economic Times https://ift.tt/3AP7igj

New Parliament to seat 888 in Lok Sabha chambers and 552 in Rajya Sabha

The new building, which is slated to hold the Winter Session of Parliament in 2022, as India completes 75 years of Independence, will be a five-star platinum rated modern building with all smart features. The building has been designed as per parameters of Seismic Zone -V, the highest zone as far as seismic activity is concerned. Delhi falls under Seismic Zone-IV.

from News-Economic Times https://ift.tt/2WkY5gN

Deputy Secretary of state to arrive in 2 weeks of Modi's US visit

Her visit will also help in following up on Modi's visit to Washington for bilateral as well as Quad summits, ET has learnt. The role of Pakistan in sponsoring cross-border terror including through Afghanistan figured prominently when Modi had met the US president on September 24.

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Supreme Court notice on West Bengal plea against CBI probe into violence

The apex court refused to accede to the state's submission that the CBI be directed, in an interim order, not to register any fresh case, saying as per the principle of natural justice no such order be passed without hearing the other side.

from News-Economic Times https://ift.tt/3m5rxAi

India believes goal of nuclear disarmament can be achieved through step-by-step process: Harsh Vardhan Shringla

Shringla said India is committed to the goal of universal, non-discriminatory, and verifiable nuclear disarmament, leading to the complete elimination of nuclear weapons, consistent with the highest priority accorded to nuclear disarmament by the Final Document of the First Special Session of the UN General Assembly on Disarmament (SSOD-1).

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Mumbai Indians beat Punjab Kings by 6 wickets in IPL encounter

Punjab Kings managed a below-par 135 for 6 which MI surpassed in 19 over with Hardik Pandya scoring unbeaten 40 off 30 balls while Saurabh Tiwary top-scored with 45.

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Taliban to 'temporarily' adopt 1964 monarchy Constitution

During a meeting with the Chinese ambassador to Kabul, the Taliban's acting justice minister Abdul Hakim Sharaee said that the Constitution will be implemented temporarily during their interim government, according to Khaama Press.

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UIDAI slashes Aadhaar authentication charge to Rs 3: CEO Saurabh Garg

"We have slashed the rate from Rs 20 per authentication to Rs 3 and the objective has been to ensure that different agencies, entities should be able to use the power of digital infrastructure which has been created by the state that needs to be used to provide people with ease of living with dignity," Garg said.

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Over 87.6 crore Covid vaccine doses administered in India so far, says health ministry

The vaccination exercise as a tool to protect the most vulnerable population groups in the country from COVID-19 continues to be regularly reviewed and monitored at the highest level, the ministry underlined.

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What may have triggered Navjot Sidhu's resignation as Punjab Congress chief



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IPL: Hardik shows some form as MI beat PBKS by 6 wkts

Mumbai Indians won their first game after three defeats as they beat Punjab Kings by six wickets in Abu Dhabi. Punjab Kings managed a below-par 135 for 6 which MI surpassed in 19 over with Hardik Pandya scoring unbeaten 40 off 30 balls while Saurabh Tiwary top-scored with 45. With the victory, Mumbai climbed to the fifth spot in the points table while Punjab are now at 6th spot.

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Rift in CPI over promotion may have resulted in Kanhaiya Kumar's exit

An internal split within the Communist Party of India (CPI) over promoting Kanhaiya Kumar at the national level may have triggered the former student leader’s imminent exit from the party.

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Jobs in 9 non-farm sectors rose 29% in June quarter: Study



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UK Royal Mint launches first-ever gold bar featuring Hindu deity to celebrate Diwali



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Three killed as Gulab batters Andhra; spares Odisha



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SC ticks off corporate lawyers on pleas for urgent listing



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Community leaders turn ‘influencers’ to boost vaccination drive in tribal districts

In many of the tribal-majority districts, it is not celebrities but community leaders and members of self-help groups, mostly led by women, who have emerged as key “influencers” to push the Covid vaccination drive.

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Bombay HC bars open-court hearing of workplace sex harassment cases

Issuing guidelines for sexual harassment at workplace cases, the Bombay high court has directed that henceforth all such matters will be heard in-camera or in the judge’s chambers and not in open court, and the orders are not to be uploaded on the official website. The HC has also barred the media from publishing the proceedings without court permission.

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RSS-linked magazine calls Amazon ‘East India Co 2.0’

Days after its attack on Infosys, RSS-affiliate magazine Panchjanya, in its latest issue, has carried a cover story on Amazon, likening the online retail giant to East India Company and accusing it of corrupt practices.

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With big guns, Army keeps combat posture along LAC



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Bharat Bandh paralyses Punjab, has limited impact elsewhere

Farm groups in Punjab, which have been at the forefront of the struggle against the Central farm laws, brought the state to near standstill on Monday as the Bharat bandh paralysed rail and road traffic, and business establishments were shut in all towns and cities. While the impact was less severe in Haryana, the western part of Uttar Pradesh saw some toll plazas being blocked and trains cancelled due to protests on tracks.

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SC puts govt on notice, says ‘don’t play football with lives of young doctors’

The Supreme Court on Monday accused the National Medical Council, National Board of Examinations and the health ministry of “playing football” with the lives of young doctors aspiring to do their specialisation by changing the pattern of questions for the NEET-Super Speciality Examination more than a month after notifying the exam date.

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Pay closer attention to N-proliferation, India says at UNSC

India on Monday called for stepped up attention from the international community to check illicit proliferation of nuclear weapons. Addressing the UN security council meeting on the Comprehensive Test Ban Treaty (CTBT), foreign secretary Harsh V Shringla said, “There is a need for the international community to pay closer attention to the illicit proliferation of networks of nuclear weapons, their delivery systems, components and relevant technologies.”

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Amid global spurt, average height of Indians declined over 10 years

In the context of an increase in average heights worldwide, there was, alarmingly, a decline in the average height of adult men and women in India in the decade from 2005-06 to 2015-16 after a significant increase from 1998-99. Women from the poorest sections showed the steepest decline as did tribal women.

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Sebi confirms ban on 5 persons in Zee insider trading case

The regulator said a detailed investigation in the matter is in progress which may bring out additional roles of omission or commission, of these five persons, if any, in detail.

from Stocks-Markets-Economic Times https://ift.tt/3zLsAtV

Reliance Industries m-cap goes past Rs 16 lakh cr mark at close of trade

The market heavyweight gained 1.70 per cent to close at Rs 2,525.20 on the BSE. During the day, it jumped 1.85 per cent to its record high of Rs 2,529.

from Stocks-Markets-Economic Times https://ift.tt/3m1fi7L

Natural Investment Management sells stake in Yamini Investments via bulk deal

Prior to the transaction, Natural Investment Manager held 7.8 million shares in the company. Today, shares of Yamini Investments ended 4.6 per cent higher at Rs. 0.46.

from Stocks-Markets-Economic Times https://ift.tt/3idNz2r

CTBT doesn’t address India’s core concerns: Harsh Vardhan Shringla

Shringla cited this as a major reason behind India's non-participation in the treaty. His remarks came while addressing the United Nations Security Council meeting on 'Non-proliferation of weapons of mass destruction: Comprehensive Nuclear-Test-Ban Treaty' (CTBT).

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Bombay High Court issues working protocol for hearing cases related to POSH

“Orders/judgments on merits will not be uploaded. Because this order sets out general guidelines and does not address the merits, it is permitted to be uploaded,” said the order of September 24, which got uploaded on September 27. “All orders and judgments will be delivered in private, that is to say, not pronounced in open court but only in Chambers or in-camera.”

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Power outages hit China, threatening economy and Christmas

The outages have rippled across most of eastern China, where the bulk of the population lives and works. Some building managers have turned off elevators. Some municipal pumping stations have shut down, prompting one town to urge residents to store extra water for the next several months, although it later withdrew the advice.

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Watch: President Joe Biden receives Covid-19 booster shot



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UK mulls calling in army to help ease gas shortages at pumps

The Petrol Retailers Association, which represents almost 5,500 independent outlets, said Sunday that about two-thirds of its members had run out of fuel, as the truck driver shortage set off rounds of gas panic-buying.

from News-Economic Times https://ift.tt/3ic8we8

IPL: Roy, Williamson star in SRH's 7-wicket win over Royals

Opener Jason Roy and skipper Kane Williamson struck confident half-centuries to shape Sunrisers Hyderabad's comfortable seven-wicket win over Rajasthan Royals as IPL play-offs calculations got a bit more complicated on Monday.

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Ahead of Market: 12 things that will decide stock action on Tuesday

Mazhar Mohammad of Chartviewindia.in suggested that the Nifty50 index could come under selling pressure with target around 17,646-17,610 level.

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China shows real intent, more PLA shelters come up on LAC

Seventeen months into the military confrontation in eastern Ladakh, China continues to build more troops shelters along the frontier as part of its ongoing overall consolidation of military positions and upgrade of air bases facing India.

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Ahead of polls, Yogi revamps team to give it caste balance

BJP consolidated its ‘sawarn’ (upper caste), non-Yadav-OBC and non-Jatav-SC rainbow social coalition in UP, ahead of the 2022 UP polls, by inducting seven new ministers in an expansion of the Yogi Adityanath ministry on Sunday.

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Last-minute drama over shortlist as 15 Punjab ministers take oath

A last-minute replacement, an abortive campaign to dislodge another from the shortlist and a public outburst by two disgruntled ex-ministers marked the swearing-in of new Punjab CM Charanjit Singh Channi’s 15-member Cabinet on Sunday, mirroring the drama of his own selection a week ago.

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Singhu swells for today’s Bharat bandh

Mobilisation of farmers opposed to the new farm laws is in full swing for the Bharat bandh on Monday. Their presence at the Singhu protest site along the Delhi-Haryana border has considerably swelled.

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Shout, demand 50% quota in all spheres, CJI urges women

​At a time when the Union government is still at the proposal stage for reserving 50% panchayat membership for women, Chief Justice of India N V Ramana on Sunday strongly batted for 50% quota for women in all spheres of activity, urging them to “shout and demand” for this right.

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Maharashtra CM Uddhav Thackeray seeks Rs 1,200 crore from Centre

Union Home Minister Amit Shah urged the chief ministers of Naxal-affected states to give priority to addressing the menace so that it can be eradicated within a year.

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Do not fear contempt of court, Tripura CM Biplab Kumar Deb tells officers

Tripura CM DebTripura CM Biplab Kumar Deb made a controversy after he said officers should work without thinking about contempt of court while addressing the biennial conference of Tripura Civil Service Officers Association,

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RSS arm to discuss inputs for cooperative policy

The Sahakar Bharati, in its show of support for home minister Amit Shah's announcement to revitalise cooperatives, has also planned a meeting of cooperatives from across the country in Lucknow in December, of which Shah could likely be a part, according to senior members of the body.

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CJI NV Ramana asks women to seek 50% 'Representation' in judiciary

Speaking at a felicitation function organised by Lady Advocates of Supreme Court for the nine newly appointed judges, including three women judges, CJI Ramana said that it's an issue of thousands of years of suppression.

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Fight against Maoists should be accelerated, made decisive: Amit Shah

Shah was speaking at a meeting with the 10 Left-Wing Extremist (LWE) affected states which was skipped by the chief ministers of three key opposition-ruled states - West Bengal, Chhattisgarh and Andhra Pradesh. Shah said incidents of Left Wing Extremism have come down by 23% and the number of deaths has come down by 21%.

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Yogi Adityanath's cabinet rejig mirrors central plan

The two SC ministers are Dinesh Khatik and Paltu Ram, both from the Khatik community. Sanjay Gond is a tribal from the Gond community. All these castes, barring Kurmis, have lesser numbers, but are scattered over the state and could add up to a few thousand votes in several assembly seats.

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Seven new faces in Punjab Cabinet; 'sacked' Rana Gurjit Singh back

Rana Gurjit Singh, the former irrigation minister dropped by then chief minister Amarinder Singh over allegations of corruption, has made it back to the cabinet despite seven Congress MLAs sending PCC chief Navjyot Singh Sidhu their written opposition to his reinduction.

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Yogi Adityanath expands cabinet, inducts 7 new ministers in a caste balancing act

Chhatrapal Gangwar, a Kurmi from Bareilly will fill the vacuum left by union labour minister from Bareilly, Santosh Gangwar, who was removed in the recent Union cabinet reshuffle.

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Swapan Kumar Chakravorty: A man of knowledge, mischief, kindness

Swapan Kumar Chakravorty was a distinguished Professor of Humanities at the Presidency University, Kolkata. He also served as a Professor of English at Jadavpur University

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Afghan theatre: India, Uzbekistan decides to hold regular consultations on evolving situation; terror threats

During the just concluded visit of Minister of State for External Affairs Meenakashi Lekhi to Tashkent, the two sides dwelt upon the importance of maintaining close and regular consultations on the evolving situation in Afghanistan and the need to ensure that the territory of Afghanistan is not allowed to be used for any terror activities.

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PM Modi visits new parliament building construction site

In the new building, the Lok Sabha chamber will have a seating capacity for 888 members, while the Rajya Sabha will have 384 seats for members.

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It's a matter of right, not charity, demand 50% reservation in judiciary: CJI Ramana to women lawyers



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Angela Merkel's bloc sees worst result since 1949; Social Democrats rise

Leaders of Alternative for Germany (AfD) put on a brave face after projected election results showed support for the far-right party dropping and said they rejoiced in seeing Chancellor Angela Merkel's conservatives slump to their worst-ever result.

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